Smart silver buying requires knowledge of quality indicators, fair pricing, and reputable sources. This comprehensive guide covers all silver purchasing decisions.
Learn the difference between fine silver (999), sterling silver (925), and coin silver (900). Higher purity means more value but less durability.
Check for proper hallmarks, assess construction quality, and verify weight. Compare prices across multiple sources before purchasing.
Government coins offer recognizability and liquidity. Private mint bars and rounds typically cost less but may have lower resale values.
Research makers, periods, and market values. Condition significantly affects price - original condition usually commands premiums.
Understand spot prices, premiums, and dealer markups. Compare total costs including shipping and insurance for online purchases.
Buy from established dealers with return policies and authenticity guarantees. Research seller reputation and customer reviews thoroughly.
Avoid unmarked silver, suspiciously low prices, high-pressure sales tactics, and sellers without proper business credentials.