When people buy silver coins, they are sometimes suprised with the premiums over the silver spot price. In general, when you purchase silver in smaller amounts, the premium is higher. Since silver coins are much smaller in weight than silver bars, it may seem impossible to realize a low premium when buying silver coins.
However, that is not the case, and here’s why. You can make bulk purchases of silver coins at a large bullion dealer. For example, if you purchase a monster box of American silver Eagle coins, you are buying 500 troy ounces worth of silver. Similarly, you can buy full bags of silver dollar coins or 90% junk silver coins with even higher amounts of silver.
While buying silver in this manner requires a large investment, it is actually the most cost effective way of buying silver coins at the lowest premium over the spot price of silver.
