Why Buy Silver Coins? And Some Of The Best Places To Do So...

It was December 2009 when I decided to buy silver coins. I had done months of research and thinking, and spoke to family and friends about the idea. They agreed about transferring some wealth into the real value of silver coins and 10 oz Silver Bars.

Understanding that Silver and Gold have been the worlds currencies and stores of wealth for 3000 years made it easy. Then I discovered that every paper fiat currency (money that has value only because of government regulation or law), that has existed has ended in devaluation and/or eventual collapse. Not only the currency collapsed, but the economy that housed the fiat currency as well.

Some examples:

Rome - The Denarius - 244 AD
China - Flying Money (Feiqian) and Chao - 1200 and 1287
France - Assignats and Francs - 1795 and 1945
Weimar Germany - Mark - 1923
Argentina - Peso - 1992
Mexico - Peso - 1994
Zimbabwe - Dollar - 2009

Learning this made buying some silver coins and bars even easier. History shows us the value of silver coins remains relatively stable. And in this precious metals bull market, (a market with increasing investor confidence and rising prices) you may not only preserve your wealth if you buy silver coins, you could make some profits.

Yes I'm stoked. And I am still buying at current silver prices. I believe silver is still undervalued and a great way to save for the future.

Some things to note before you buy silver coins:

It is difficult to buy silver coins or bars at spot value. Spot value (current silver prices) is the price you see quoted in the news and online charts. For example the spot price today is:

[Most Recent Quotes from www.kitco.com, silver price, silver price today, 24hr silver, silver chart, best silver chart, buy silver chart]

Note, as silver supply shortages worsen, we will begin to see a disconnect between the spot price and at what price people are selling physical silver.

This is already beginning to happen as premiums have been increasing over the past couple months.

For example note the spot price above and then check out how much these
10 oz Silver Bars

are selling for.

Buying physical silver comes with a premium. A 5-10% premium over spot price is reasonable. So if the spot price is 43.00 USD / troy ounce, add 10% premium and you will be paying 47.30 USD for one troy ounce of 99.999% pure silver.


For investment purposes it is recommended to buy 99.999%, pure silver, (also symbolized as .999) such as the American Silver Eagle. Or even better are the Canadian Silver Coins such as the Canadian Silver Maples which are 99.9999% pure silver, (also symbolized as .9999) the purest coin you can buy in the world.

These coins are dubbed "investment quality" or "industrial grade" and you will get the best returns for them when it is time to sell.

If you are buying silver to use as trade or barter, or if you find a great deal, buying 80% to 90% pure "junk silver" they call it is also a solid purchase.

Sterling silver is 92.5% pure silver, also symbolized as .925.

Ounce VS Troy Ounce.

One Ounce equals 28.3 grams. One Troy Ounce equals 31.1 grams.

Make sure you understand the difference when you are weighing your silver before buying from a coin shop. The price of silver is quoted at One Troy Ounce, although on charts and prices quoted it usually says oz or OZ. Understanding the purity and mass of the silver coins is vital to ensuring a quality, fair purchase.

So Where To Buy Silver Coins?

  • Your local coin shop/dealer. Nice to do business face to face and support a local.

  • Your local jeweler. I bought a couple old 10 troy ounce silver bars from my local jeweler and he sold them to me at just 3% over spot value.

  • International Buyer? APMEX ships worldwide. They were recommended as a trusted source from a friend and I found their service excellent. Check out their Brand New Silver Bars and Rounds


  • J&M Coin & Jewellery Ltd. (bullioncoinsandbars) based in Vancouver, British Columbia. bullioncoinsandbars.com

  • ebay.com
    I have used reliably many times and found some great deals. Make sure you always do your research.
    Click here to buy silver coins on ebay.

  • spotmex.com
    This website was launched in April, 2011. The goal of Spotmex is to save you time and money. They hope to create a place where people can buy and sell their gold and silver at the spot price, avoiding premiums and commissions. Looks like it will be a great community. I am a registered user.

  • Click here to check out Spotmex.

    What Anybody Taking Part In Silver Investing Should Know.

    Return from Buy Silver Coins to Guide To Silver (Why Buy Silver) Homepage

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Smart money is moving into gold, but the SMARTEST money is moving into silver.