How to Invest in Silver Bullion
If you decide to invest in physical silver bullion, here are some things to keep in mind.
Popular Silver Bullion Investments
There are many different silver bullion products to invest in, but here are some of the most popular.
Silver Bullion Coins
The most popular investment-grade silver bullion coins are primarily produced by government mints. Silver bullion coins are mostly 1 troy oz each (~31.1g), although you can sometimes find larger coins (i.e. the 2oz Fiji Taku). These government-minted silver coins typically carry a premium of $1.50-$3+ over spot price, but the premium is often worth it for the increased liquidity of these coins. Some of the most popular are:
American Silver Eagle – the American Silver Eagle (ASE) is the official silver bullion coin of the US Mint, containing 1 troy oz of .999 pure silver. It’s also the most popular silver bullion coin in the world (over 37 million ASEs were minted and sold in 2016). The ASE is actually legal currency, with a face value of $1 USD. Of course, the silver value far exceeds the face value. Bellevue Rare Coins always has American Silver Eagles in stock, and we can pre-order the latest year’s coins if you request it! We are happy to sell any amount, from a single 1oz coin to multiple silver Monster Boxes of American Silver Eagles!
Canadian Silver Maple Leaf – The Silver Maple Leaf is the official bullion coin of the Royal Canadian Mint, containing 1 troy oz of .9999 pure silver. It’s the second most popular silver bullion coin (with over 32 million sold in 2016). The Maple Leaf is legal currency as well, with a $5 CAD face value. Investors appreciate that the Maple Leaf typically has a slightly lower premium than its American cousin. Bellevue Rare Coins keeps Canadian Maple Leafs in stock for local precious metals investors!
Other Government Silver Bullion Coins – Several other government mints produce investment-grade silver bullion coins. Other popular options include the Austrian Philharmonic, the Australian Kookaburra/Kangaroo/Lunar series, the Canadian Wildlife series, British Britannias, Mexican Libertads, Chinese Panda, and many others. You can shop a wide variety of silver bullion investment options at BRC!
90% US Silver Coinage (Pre-1964) – This option is not really bullion, but nonetheless it is one of the most popular ways to invest in silver. Every coin minted in the US before 1964 contained 90% silver, so today, pre-1964 nickels, dimes, quarters, half-dollars and dollar-coins are highly sought after. These coins hold little to no collector value, but their silver content far exceeds the face value. Thus, they are a popular, low-premium silver investment option. BRC buys and sells 90% silver US coins in bulk.
Silver Bullion Rounds and Bars
Many private and government mints produce silver bullion bars and rounds of all shapes and sizes. It’s quite easy to find rounds in 1/2oz, 1oz, and 2oz sizes, while bars are commonly found in 1oz, 5oz, 10oz, and 100oz. Silver bullion bars typically have a lower premium than coins like the American Silver Eagle, and often trade for less than $1 per oz over spot (and even lower for larger bars). So, if your goal is to accumulate as much silver as possible, silver bars are likely the way to go!
Private Mint Silver Bars & Rounds – Many private mints produce silver bullion products. Some popular mints are Engelhard, JM, Apmex, Silvertowne, and many others. These private mints typically have the lowest-premium products – with the exception of JM and Engelhard, which have a bit of collector’s value and tend to carry a higher premium.
Government Mint Silver Rounds & Bars – Some government mints also produce silver bars, and less commonly, silver rounds (that differ from the silver coins, which typically have a face value). The Royal Canadian Mint is one of the most common.