Let’s be honest. Most people have no freaking clue how to buy silver or gold coins or bars. At first they think they need a special brokerage account, or to somehow order it from the COMEX.
Look, that stuff is for the pros. It is actually dead simple to buy silver online. Just go to a reputable online bullion dealer like Apmex and browse their huge collection of silver coins, bars, and rounds. Add the silver you want to your shopping cart, and check out. You can pay by check, money order, bank wire, or even your credit card. Before you know it your silver will be delivered right to your door – discreetly and fully insured.
Apmex (the American Precious Metals Exchange) is the only online bullion dealer I trust. They have an impeccable reputation as the industry leader – they will never let you down. You’ll get your order in a timely fashion, every time, exactly as you ordered it. And don’t be surprised when you get some nice free gifts in the mail from them around the holidays! These guys have the best customer service in the industry.
So now you know where you should go to buy silver online. Now let me tell you what kind of silver you should buy. As a beginner there is a lot to take in, but let me make it easy for you.
1 oz Coins – It’s nice to have rolls of 1 oz .999 fine silver coins like the American Silver Eagle and Canadian Maple Leaf coins because they are highly sought-after, easily recognized and traded worldwide. They are minted by governments to exacting standards as determined by federal law.
1 oz Silver Rounds – Silver rounds are privately minted, and thus are not technically called ‘coins’. 1 oz rounds have a smaller premium over spot price than the Eagles and Maples. You want to stick with rounds produced by well-known mints, preferably clearly marked as 1 oz .999 fine silver. My favorite silver rounds are made by Engelhard, Sunshine Mint, and Apmex.
Junk Silver – American dimes, quarters, and dollar and half dollar coins from 1964 and earlier are often known as junk silver – These coins are 90% silver, from a great American era now sadly long-gone. Half dollars were clad in 40% silver from 1965-1970, but I advise you stick to the 90% pure coins. Morgan silver dollars are particularly prized by silver collectors.
Silver Bullion Bars – Many silver stackers prefer silver bars over coins. 10 oz silver bars are a great way to stack silver and bring out the pirate in all of us. Like rounds, silver bars have little premium and you should buy bars clearly marked for purity and weight. If you are a high roller, grab some 100 oz silver bars to fill your safe.