How to Buy Silver Coins


If you are reading this, then you must have made the smart decision to begin investing in silver coins and you’re trying to figure out what the next step is. The good news is that making the decision to buy is the toughest part – with that choice out of the way, now you are closer than ever to a new level of financial security for yourself and your family.

There are so many options for buying silver coins these days. If you are anything like I am, you will enjoy looking for them almost as much as owning them! Let’s take a look at a few of the options now:

Buy Through An Investment Service

By now, you have seen the commercials and ads in magazines for services that want to help you purchase precious metals to add to your investment portfolio. These services may be useful to people who prefer a hands off approach to investing, but I am a more hands-on kind of guy, especially after seeing what the last few years did to my 401k.

Buy Through An Online Auction Site

Believe it or not, this is my new favorite way to find silver coins to add to my collection. The array of coins available these days is amazing, and there are really some great deals to be had. One serious word of caution here though; it is not advisable to start buying coins online until you have a strong working knowledge of the coins and what makes them valuable (or not valuable).

Buy Through a Brick and Mortar Shop

There is no denying that this is a safe and reliable way to buy silver coins; that is, in a face-to-face transaction at a local coin shop. This is also a great way to find a local ally in your coin dealer. By building a rapport with him or her, you will be able to ask for their opinion and advice when you are unsure about something you may find through another source (such as eBay or the newspaper).

Regardless of the avenue you select, exercise a great deal of caution when making your first silver purchases as there are a lot of unscrupulous people out there who are more than happy to help you part with your money without giving you anything in return.

For more information, check out my Guide to Silver Coin Investing.