After writing my earlier post today on coin roll hunting for silver, it put me in a precious metals kinda mood! So I did some price checking online to see which of the online PM sites had the lowest price over spot on silver these days. It pays to do some due diligence for silver, because paying too much over the spot price can unnecessarily eat away at any returns. My search was not super comprehensive, but I checked out five of the biggest online dealers of precious metals and found two good deals on silver.
- 35% Silver War Nickels
http://www.apmex.com/product/13023/35-silver-war-nickels-1-face-value-avg-circ
APMEX is selling these mamma jammas for a whopping 19 cents over spot! They come wrapped with 20 coins per roll, totaling around 1.125 ounces of silver content per roll.
These nickels were temporarily produced during WWII to due to the shortage of nickel being used industrially to produce armor plating for the military. With the low price over spot, these rolls are perfect for someone new to acquiring silver. APMEX offers free shipping on any order over $100.00, so it would only take six rolls to quality, totaling $113.82 currently.
- 100oz Silver Bar from Sunshine Mint
http://www.jmbullion.com/100-oz-sunshine-silver-bar/
These brand new 100 oz bars are available from JMBullion for only 75 cents above spot when buying less that five bars.
Buying 100 oz bars is typically the cheapest way to buy silver, the only downside is that it can't be broken down into smaller pieces and the fact that it could take a bit to save up to buy one. In spite of those things, bigger bars offer a better bargain and out of all the ones i searched, this was the cheapest 100 oz bar. JMBullion also offers free shipping on orders over $100.00.
*This post is not intended to be investment/financial advice in any way whatsoever. It is for informational purposes only. I have no personal affiliation with any company mentioned in this post.
