In holocene years, there seems to be no lack of bullion dealers advertising their services on-line. Trying to find a reputable dealer can be a morsel confusing for the novice and adept alike. now is the clock to buy gold and ash grey. But from whom do you buy ? fortunately, precious-metals investors never had more options than they have today. In this article, Silver Monthly reviews ten major on-line dealers of bullion products and ranks them in order from best to not-so-great .
Quick Guide To Selecting Reputable Bullion Dealers
- Older Is Better – Reputable bullion dealers are well-established and have been in business for a long period of time. Many reputable dealers such as Kitco and Monex have been in business for thirty years or longer.
- Think Physical – A reputable silver bullion dealer will have a physical office, in addition to an online presence. Check the dealer’s website for a traceable address and phone number.
- Track Review Counts – Reputable dealers have a long list of satisfied customers. Be sure to check out a bullion dealer’s online reviews. Find out if they provide personal service Try to get a recommendation from other silver investors when searching for a respectable silver bullion dealer.
- Consider Buying Locally – Your local coin shop can be a great place to buy bullion and coins. Just make sure you apply the same rules of analyzing the business as you would an online dealer. If you buy locally, you take delivery of the silver when you purchase it. Therefore, there’s no risk of getting swindled by a non-delivery. Another advantage to purchasing locally is that no reporting requirements are required. You can walk into the store, pay with cash and remain anonymous if you wish to do so.
- Diversification Is Important – With any investment, you want to diversify to lower your risk. The same principle applies to selecting a silver bullion dealer. You don’t have to deal exclusively with one business. Even if you’ve done your homework and investigated the dealer to the best of your ability, there’s still a possibility that you could end up buying fake silver bullion coins. If you purchase your silver from various places, you will significantly lower the risk of losing money from a bad deal.
Top 10 Online Bullion Dealers
You probably have one or more coin shops in your hometown, and you surely have your option of several within fair driving distance. But frequently, your best bet is to deal with the national retailers of gold and silver medal, whose big size give them economies of scale that translate into lower prices. 1. APMEX APMEX is the american Precious Metals Exchange. Although the firm makes no promises to have the lowest prices around, its prices are competitive, and – unlike many other dealers – APMEX doesn ’ deoxythymidine monophosphate hit customers with hide charges. As of March 5, 2012, APMEX was selling 2012 Gold Eagles at $ 1,787.59 – $ 81.59, or 4.8 % above smudge. You could buy fifty dollar bill one-ounce 2012 Silver Eagles at $ 18.33 – $ 3.57 over blot. U.S. ship is $ 24.95 for orders between $ 1,000 and $ 25,000. APMEX is among the largest bullion dealers. This heavy volume allows it to make little on individual transactions and still stack remarkable profits. APMEX has economy of scale, and it passes on these savings to its customers. It besides buys gold and silver from customers, in a hassle-free process. One customer we interviewed was even able to orchestrate a silver-for-gold trade – after speaking with an APMEX rep, he simply sent them the silver medal, and they gave him an equivalent measure of gold, with the remainder paid in cash. APMEX besides offers financial-planning services. The firm says it is dedicated to protecting the hard-earned assets of its clients, angstrom well as helping clients build new wealth. APMEX believes everyone should keep a minimum of 10-20 % of their assets in precious metals, such as gold, silver, platinum, and palladium. This, APMEX says, serves as a hedge against ostentation and economic doubt.
APMEX has bang-up service. They are afford twenty-four hours a day and seven days a week to accept orders. APMEX makes two-way markets in all products it sells, and is available to buy Monday through Friday, from 7:00am to 5:00pm, central clock time. The firm is consistent with its abject prices, and has an excellent reputation for dependability. Over the past three years, APMEX has had fifty-one Better Business Bureau complaints, which isn ’ thymine besides bad considering the size of the company and the number of transactions it has made in that time. The number of satisfied customers greatly outweigh the few unhappy ones. In fact, the BBB gives APMEX an A+ rat.
APMEX has an ultra-wide variety show of products. It sells gold, silver medal, platinum, and palladium products. APMEX ’ randomness web site has special sections for IRA products, clearance and specials, and endow ideas. In addition to bullion, it sells Pre-1993 U.S. gold coins, silver coins, jewelry, “ elite ” $ 2,500+ coins, and honest-to-god bank notes. Its gold products include american Gold Eagles, gold bars, canadian Gold Maple Leafs, Austrian Gold Philharmonics, South African Gold Krugerrands, Gold Buffalo coins, Chinese Gold Pandas, Mexican Gold Pesos, and many, many more. pretty much anything you could possibly desire can be acquired from APMEX. 2. Money Metals Exchange Staring in 2010, Money Metals has made significant progress becoming a top on-line bullion dealer. Stefan Gleason started Money Metals while serving as president of the united states of a fiscal newsletter subscription ship’s company. He understands the value of connecting with customers using content. He believes as we do here at Silver Monthly, that investors should buy cherished metals at or near the blemish monetary value of the metallic element. broken prices like that have helped Money Metals Exchange ’ s rapid growth.
money Metals has the basics and more. For investors looking for staples such as american Silver Eagles or rounds, Money Metals has the basics covered at prices that frequently beat other bullion dealers. What ’ s more money Metals has an investors starter backpack bundled together. This bunch includes 120 ounces of silver and 1.1 ounces of gold all fundamental coins in one buy. This will set an investor back a few thousand. Outside of a large investor starter pack, Money Metals offers a monthly savings design. Save starting at $ 100 a month and choose from the most popular bullion products. Money Metals will either ship immediately to you each month or you can choose to store bullion directly with them. large downside for Money Metals remains the fact that complimentary ship happens lone after purchasing more than $ 1,000. not a eminent bar with the current price of amber or silver, but a high total for many beginning investors.
3. Provident Metals ProvidentMetals.com is a auxiliary of Provident Metals, LLC. The web site was founded at the request of customers who were looking for an on-line destination arsenic authentic as Provident ’ s trade-show clientele. Provident ’ mho numismatists are members in good stand of the American Numismatic Association, a well as the Texas Numismatic Association. Provident cherished Metals itself is a extremity of the Professional Coin Grading Service, the Numismatic Guaranty Corporation, the Numismatic Conservation Service, and the Paper Money Guaranty Corporation.
provident Metals promises fast, courteous, and complete avail. The Better Business Bureau backs this up, giving Provident an A- evaluation. This means that Provident has a commitment to make a good-faith campaign to resolve any consumer complaints. Of six complaints filed against Provident Metals, all were resolved to customers ’ satisfaction. provident Metals has a huge selection. In summation to the coins and rounds you ’ d expect, one detail noteworthy merchandise on the Provident Metals web site is the Ron Paul 1/10-ounce gold round. These were selling at around $ 200 over spot, per-ounce, or approximately $ 20 over the spotlight value of each 1/10-ounce turn. By contrast, APMEX was selling 1/10-ounce gold Eagles for approximately the lapp price, ( actually about $ 0.30 more per mint ). other products include gold, silver, platinum, palladium, and copper products – one-ounce copper rounds can be purchased for less than $ 1.30. Provident sells U.S. and foreign coins, wholesale bullion products, and IRA bullion products. finally, Provident besides sells food and survival products, for those of us who believe Hyperinflation Meltdown is more than apocalyptic illusion.
4. JM Bullion JM Bullion fresh to the bullion space made waves by accelerate, service, and sales they ’ ve done in a abruptly measure of time. Located in Lancaster, PA, however, the on-line shopfront remains most impressive. With one of the cleanest patronize experiences, JM Bullion showcases the basic silver bullion coins needed for most all bullion investors. While the choice didn ’ thyroxine compare to the selection of APMEX or Provident Metals, JM Bullion still carried enough for the bullion investor. JM Bullion gave three size selections for the Silver Eagles, 1 oz, 20 oz tube, or the green monster box. Silver Eagles were about $ 3.30 over touch, cheaper than both APMEX and Provident Metals. As for silver medal rounds, JM Bullion has a mid-level survival of rounds. The most popular silver rounds are covered–there ’ s more than enough different rounds for the bullion investor. apart from eloquent eagles and silver rounds, JM Bullion has a circumscribed survival of silver coins.
JM Bullion remains average with customer reviews. While the Better Business Bureau gives JM Bullion a high mark, customers pace JM Bullion near median. While most customers rated JM Bullion on competitive pricing, big customer service, a number of customers noted a few orders had longer shipping times than expected. 5. Westminster Mint Westminster Mint has offices in Minneapolis, MN and Madison, WI, but it besides sells via the vane at coin-rare.com. The web site is not the most visually appealing, but Westminster ’ mho business record speak for itself : it has an A+ rate from the Better Business Bureau. additionally, although it doesn ’ t have a bang-up purpose, the rare-coin.com web site does have a set of message, including a graphic breakdown of how westminster Mint makes its ticket silver bars.
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Westminster Mint sells some gold products, but its survival is not that bang-up. It has random-year Krugerrands, canadian Maple Leafs, austrian Philharmonics, and chinese Pandas ; 2011 Gold Buffalos ; 2010 American Gold Eagles ; and a couple of gold-bar products. Its prices are a little high, though : its 2010 Gold Eagles were selling at $ 180 above spot. Westminster ’ s ash grey excerpt is much greater, with twenty-one coin products and sixty-two silver bullion ( including rounds ) options. here, Westminster ’ s prices look dear, as it is selling 2012 Silver Maple Leafs for $ 0.28 less than APMEX. Coin-Rare.com besides has a copper section, where Westminster Mint sells copper rounds at $ 1.50 each, or in 500-round giant boxes for $ 750. Westminster Mint besides offers a depository service. Customers can sign a storage agreement that is insured and safe – Westminster does not do any silver rent. All assets are held in the customer ’ south name and off the balance sheet of the depository. Since the depository is based in Delaware, there are numerous tax advantages. Fees start at $ 50 per month, but go up based on report measure. There are besides extra charges for withdrawals from the depository. 6. SD Bullion
SD Bullion ( aka Silver Doctors ) is an on-line principal of cherished metals which was founded in 2012 by the Silver Doctors network ( SilverDoctors.com ). Their web site offers a wide range of gold, silver & platinum bullion that includes versatile types of coins and bars. The parent company SilverDoctors.com was founded a year earlier in 2011 as a valuable resource for investors to keep up with stream earth events, precious metallic element markets, and early news. After the success of their master web site, the founders of Silver Doctors ( known as “ The Doc ” and “ Bull Run ” ) set out on a deputation to educate everyone on the importance of protecting fiscal assets. Both “ The Doc ” and “ Bull Run ” saw there was a boastfully need for a low-cost exceed rated bullion dealer in the commercialize and decided to launch SD Bullion. What started as a hobby of two successful doctors, has turned into a much larger deputation. SD Bullion is immediately one of the fastest growing bullion dealers in the United States. SD Bullion debuted in March of 2012 as a service to our readers with the goal of providing the lowest monetary value bullion available. All sales were completed via call with the motto, “ Nothing Fancy. Just a Telephone and Low Prices. ” More importantly, buyers were 100 % satisfied with their bullion transactions according to a post buying review. An on-line web site buying option was added in the by and by separate of 2012 and SD Bullion has continued to gain diligence market share to where we stand today as one of the prime minister, low-cost on-line bullion establishments in the country.
7. Gold & Silver, Inc. Gold & Silver, Inc. runs GoldSilver.com, which is headed by gold and silver expert and showman Mike Maloney. Maloney is probably most celebrated for writing the Rich Dad Advisors ’ Guide to Investing in Gold & Silver, which is decidedly one of the best books on the subject you could ever hope to read. Maloney is affiliated with investment guru Robert Kiyosaki, and has been a athletic supporter of Ron Paul in his political efforts. But how does Gold-Silver stack up to other bullion dealers ? Gold-Silver is alone in that it is an education-first company, providing information and education on aureate, silver medal, and finance, exempt of charge. Gold-Silver is besides not equitable just an on-line bullion site, but an investment company that invests in gold and silver right aboard its customers. The company besides offers secure storage and IRA services.
2012 American Gold Eagles sell at Gold-Silver for $ 104 over spotlight, or about $ 16 more than APMEX. other gold products at Gold-Silver include fractional Gold Eagles, and aureate Buffalos, Maple Leafs, Krugerrands, austrian Philharmonics, and respective bars. Silver Eagles can be purchased in twenty-ounce minimums, at prices that were approximately $ 1.50 per ounce higher than APMEX as of March 11. One interest product sold by Gold-Silver is the rich Dad argent round. Gold-Silver has an vitamin a rat from the Better Business Bureau. It has equitable five complaints against it in the past three years, all of which were closed to customer satisfaction. The BBB withheld an A+ rate from Gold-Silver because of its comparative lack of time in business. The BBB does say, however, that Gold-Silver has few complaints for a business its size, has responded to complaints and resolved them adequately, and has provided sufficient setting data to the BBB. 8. BGASC.com
Since the 2008 collapse of the U.S. housing marketplace and its far-reaching economic effects, every type of investing has become cautionary. Consumers are a little afraid to let go of their money, but they want to try test investment vehicles to turn their hard-earned dollars into something of higher value. That ’ second where investing in silver and gold comes into play because it ’ south tested. valued metals hold their value over prison term, but their worth is sensitive to global fiscal markets. Investing in gold and silver is a good option for people with extra cash. One on-line market where gold and silver investors can turn is, which stands for Buying Gold and Silver Coins. We ’ ve reviewed this web site below to help our readers make investing decisions. We immediately liked this site invention for its simplicity. Buyers don ’ t have to waste much meter looking around this gold and silver web site for information before beginning to select products. Buyers will like the fact that there is no minimum amount for placing an arrange and that all orders over $ 250 arrive dislodge ship everyday. 9. Silver.com Silver.com is among the newest, but don ’ t let that keep you from trying them out. Established in 2014, the locate has already earned a solid repute and has quickly become one of the most popular options. The question, though, is whether or not it ’ sulfur right for you.
Silver.com besides has some of the lowest rates around for transport, which is always insured. Orders from $ 0 to $ 299 ship for $ 5.95 ; orders from $ 300 to $ 999 embark for $ 8.95 ; orders from $ 1,000 to $ 2,999 ship for $ 12.95. last, orders totaling $ 3,000 and up transport for dislodge. The bottom line on Silver.com is that although it ’ s a relative newcomer, it ’ s a solid option for numismatists, investors and casual collectors alike. 10. Amagi Metals
It ’ mho courteous to be able to buy the majority of the bullion you need from a single source. Like many dealers, Amagi Metals offers free embark on bulk orders. In their lawsuit, your rate must total at least $ 5,000 to qualify. At any pace, thanks to the principal ’ s huge excerpt, reaching that threshold is pretty easy. Conclusion While there are many options for buying the best gold coins and the best silver coins online, if you are purchasing small-to-large quantities of more standard aureate and silver medal products, you can ’ deoxythymidine monophosphate go wrong with APMEX. If you ’ ra looking for other forte services, like assistant with precious metals IRA products, then companies like Provident Metals may be your best choice.
But let ’ s not forget the offline, brick-and-mortar coin trader. While their prices and scruples may vary, a commodity, reliable principal you can meet and establish a kinship with can be deserving his weight in gold. Shopping offline besides lets you save on ship charges, which can make up for the potentially higher prices on smaller buy. Getting in thoroughly with a local anesthetic principal besides allows you to sell your coins and rounds back at better prices – possibly because he ’ ll give you a better batch, but decidedly, because you won ’ deoxythymidine monophosphate have to pay the fall embark. In all honesty, a diverse approach is credibly best when in the accumulation phase of your amber and silver products : buy some locally, get some from the big retailers like APMEX, denounce smaller sites for forte products, use companies like GoldSilver.com for larger buy. This way, all of your bases are covered. good fortune !
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