What Is the Cheapest Way to Buy Silver?

cheapest way to buy silver

Many people don’t know that silver is a rarer metal than gold. This makes sense considering that it generally only costs about half as much. If you’re looking for a strong investment with growing value and demand, silver bars and coins are a great choice. Read on to learn the cheapest way to buy silver and take advantage of this popular precious metal.

Consider Junk Coins: The Cheapest Way to Buy Silver

“Junk coins” are silver coins minted before 1965. They get their name because they have no collectible value and aren’t spendable. Usually, they’re either new or in bad condition.

However, this doesn’t mean that they’re worthless. They do have some inherent value because they’re made from silver.

Investors buy them because they contain small amounts of silver content that they can hold onto and sell later. They’re not tied to the US dollar and aren’t susceptible to inflation and market fluctuations. This makes them a wise investment because they have consistent worth and a steady price.

They also are less expensive than buying silver coins and bars. New investors can get a lot of bang for their buck with junk coins.

Look for Specials

Buying precious metals at face value can be expensive. Even if you know that the investment will pay off later, it’s tough to afford such high upfront costs. Luckily, many reputable dealers like OnlyGold have specials that allow people to buy quality silver at a lower price.

These specials often offer items that are in limited quantity. This is ideal for investors because low supply means higher demand for what is available.

Some specials also offer silver in bulk. This may include bars and junk coins that cost less upfront and accrue value over time. You can see precisely what you’re getting before purchasing and make an informed decision about what’s a worthwhile investment for your specific needs.

Work With a Reliable Vendor

No matter what you decide to do, it’s important that you work with a reliable vendor when buying precious metals. Some low-quality websites will offer amazing deals on rare coins for high prices. When you buy them, you’ll get fake silver (or regular silver coins that you paid a premium price for.)

If it sounds too good to be true, it probably is.

Working with a reputable seller like OnlyGold means that you’ll have someone to answer your questions about investing. Experts can point you in the right direction of good deals that aren’t trying to jilt you. You also will be able to ask about what options are available so you can be more confident in your decision to buy.

Invest the Right Way

Now that you know the cheapest way to buy silver, it’s time to work with a reputable dealer and get the best possible deal. OnlyGold is committed to providing new investors with precious metals at an affordable price. Contact us with any remaining questions you have about silver prices and how you can make a smart investment today.