Buy And Sell Silver Extra Quality
Precious metals such as silver have long been an alternative to traditional investments such as stocks and bonds. When times get tough or the economy faces severe inflationary pressures, some investors turn to silver to hedge their bets or to invest more defensively. Silver prices spiked in March 2023 following the collapse of Silicon Valley Bank, as concerns were raised about the stability of the financial system.
buy and sell silver
When you sell your product using APMEX logistics, you get the advantage of our exclusive relationship with UPS, which includes our discounted shipping rates. Check out our example below showing the cost-saving benefits of selling your product using APMEX logistics vs. a standard shipping carrier. The expedited shipping times also means you get paid faster.
We make it easy to sell your Gold, Silver and other Precious Metals, from locking in your price to getting paid. Start the process today by requesting a quote online or giving us a call. The quicker you decide to sell, the quicker you can get paid.
Since 1978, Dallas Gold & Silver Exchange has been the premier destination in North Texas for buying and selling precious metals, as well as a luxury diamond and jewelry store featuring amazing deals on famous names such as David Yurman, Cartier, Tiffany and Rolex.
We offer nationally competitive buy - sell spreads on the most popular forms of gold & silver bullion including American Gold & Silver Eagles, American Gold Buffalos, Canadian Gold & Silver Maple leafs, South African Krugerrands, Austrian Gold & Silver Philharmonics, Australian Kangaroos, Chinese Gold Pandas, Gold bars both Swiss and domestic, one ounce Silver Buffalo Rounds, 10 ounce Silver Bars and 100 ounce Silver Bars. We offer the BEST up to the minute buy & sell prices (our website refreshes every 60 seconds) consistently among local merchants.
Precious metals such as silver have long been an alternative to traditional investments such as stocks and bonds. When times get tough or the economy faces severe inflationary pressures, some investors turn to silver to hedge their bets or to invest more defensively.
Investors like silver for many reasons, but many see it as a store of value in uncertain times, while others see silver and other precious metals such as gold as protection against inflation. For this latter group, investing in silver is a way to be sure that they have a currency that can't be inflated away by money printing or potentially destructive Federal Reserve policy.
Owning physical silver, either as coins or bullion, is a psychologically and emotionally satisfying way to invest in silver. You have possession of it and can use it, if necessary. And in some cases, it's actually relatively easy to access. For example, U.S. coins made before 1964 contain about 90 percent silver, and you can purchase them at the value of their silver content.
If the price of silver rises, you can make a profit on silver coins and bullion, but that's the only way you'll make money here, since the physical commodity does not produce cash flow, unlike a quality business.
Risks: It can be easy to overpay for physical silver, so be sure to note the spot price to ensure that you're getting a fair price. Similarly, if you need cash in a hurry, you may not be able to get the full value for your physical silver, especially if you need to go through a dealer.
Watch out if you're buying collectible coins, since you'll likely pay extra for the collectibility of the coin, meaning that you're overpaying for the actual silver content. Finally, like all physical assets, silver is subject to theft, so you'll have to safeguard it and maybe even insure it.
Silver futures are an easy way to wager on the rising or falling price of silver without any of the hassles of owning physical silver. You could even take physical delivery of the silver, though that's not the typical motivation of those speculating in the futures markets.
Silver futures are an attractive way to play the silver market because of the high amount of leverage available in futures contracts. In other words, you have to put up relatively little capital to own a relatively large position in the metal. If silver futures move in the right direction, you'll make a lot of money very quickly, though you can lose it just as quickly if you're wrong.
If you don't want to own physical silver directly but also want a lower-risk method than futures, you can buy an exchange-traded fund (ETF) that owns physical silver. You'll have the potential reward for owning silver if the price rises, but fewer risks such as theft. An ETF that owns physical silver will deliver the return of silver prices minus the ETF's expense ratio.
ETFs offer another advantage, too. You'll be able to sell your silver at the market price, and the funds are highly liquid. So you'll be able to sell your funds at what's likely the best price, and you can do so on any day the stock market is open.
The two main ETFs owning physical silver are iShares Silver Trust ( SLV ) and Aberdeen Standard Physical Silver Shares ETF (SIVR). Traders can also wager on the silver market via an ETF that owns futures contracts through ProShares Ultra Silver ( AGQ ) , though it's better as a short-term bet than a long-term hold, because of how the fund is structured.
Risks: Like gold and other commodities, silver can be volatile, especially over short periods. But with an ETF you'll be able to dodge some of the bigger risks of owning physical silver yourself, namely the risk of theft, the illiquidity and the poor pricing when it's time to trade.
By owning a miner you can benefit in two ways. First, if the price of silver rises, the company's earnings should rise along with it. In fact, silver miners' profits will rise faster than the price of silver, all else equal. Second, the miner can raise production over time, also increasing its profits. That's an extra way to win with silver, over and above just betting on the price itself.
Risks: Any time you invest in an individual company, it's important to do extensive analysis on it, to be sure that you're buying a high-quality company that can succeed. Many miners are risky outfits, and some have yet to dig a hole in the ground, let alone mine silver from it. Plus, because their profits depend on the volatile price of silver, mining stocks can be volatile, too.
If you're not looking to do a lot of analysis on silver miners but still want the advantages of owning a mining company, you can turn to an ETF that owns silver miners. You'll get diversified exposure to miners and lower risk than owning one or two individual mining stocks.
Three ETFs are classified as silver miners, according to ETF Database: Global X Silver Miners ETF ( SIL ) , iShares MSCI Global Silver Miners ETF (SLVP) and ETFMG Prime Junior Silver Miners ETF ( SILJ ) .
Risks: A sector ETF reduces the costs of any single miner doing poorly, but anything that hits the whole industry, such as a falling price of silver, will likely ding the fund significantly. And pay close attention to what's in those funds, since they're not all created equal. Some may offer more exposure to higher-quality companies, while others focus more on riskier junior miners.
Second, because silver doesn't produce cash flow like a business, investors looking to profit must rely exclusively on someone else paying more for the precious metal than they did. In contrast, owners of a business - through either individual stocks or ETFs - can profit through the rising price of the commodity or the increased earnings of the business. So those who have a stake in these types of businesses have multiple ways to win with silver.
Investing in silver is not a good fit for everyone, and some investors prefer to focus on cash-flowing businesses rather than invest in the metal itself. Investors in businesses have multiple ways to win, and it's why super-investors such as Warren Buffett prefer businesses over commodities.
It's easier and less costly to own stocks or ETFs than physical silver, even as they're more liquid than the actual shiny stuff. Still, owning bullion means you have no counterparty risk (with an exchange or a company, for instance), though the investment relies only on you for safekeeping.
This page is designed to give you a quick view of our top bullion products that are bought and sold at Golden Eagle. Listed below is the Buy Price (price we buy the item for) and the Sell Price (price we sell the item for). Sell prices are listed at the lowest prices we offer including any quantity discounts. Ordering single items may be at higher prices. For more detailed pricing for an item simply click the item title in the table below.
Out of the previously mentioned silver half dollars, Barber Head halves include the greatest number of low mintage or key date coins, including the 1892-O, 1892-S, 1893-S, 1896-S, 1897-O, 1897-S, 1913, 1914 and 1915 half dollars. The mintage of all of these coins, with the exception of the 1892-S, was under 1 million. The primary key date Walking Liberty half dollars are the 1916-S (obverse mint mark), 1921, 1921-D, 1921-S and 1938-D. The most valuable of the Walking Liberty half dollars is the 1921-D.
Not only do some of the aforementioned half dollars sell at a premium, but high end complete collections typically sell for a premium above the individual value of the coins. Some early minted Barber Head and Walking Liberty half dollars are especially difficult to find in higher end condition, and complete sets can occasionally take months or even years to assemble.
Considering the state of the silver market, and demand for 90% silver coins in particular, now is an excellent time to sell silver half dollars. Premiums being paid on the coins are at the highest rates since 2008. While premiums are at their highest level in five years, the price of silver is still below the highs set in April of 2011, so the case can also be made for buying silver half dollars at this time. 041b061a72