- 1). Find reputable silver dealers online. Visit online websites and compare their silver bullion coin prices with the current silver spot price. You can find the current silver spot price at Kitcosilver.com and Lynncoins.com. Research the shipping costs and customer feedback for each online silver dealer.
- 2). Examine the quality of silver bullion coins. Look for fading, staining and damage on the surface of silver bullion coins. Avoid purchasing coins that have been used publicly. Choose silver bullion coins that are uncirculated or show minimal wear and tear.
- 3). Choose silver bullion coins that are established by a government and have historical artwork on the face of the coin. According to BlanchardOnline.com, American Eagle Silver Bullion coins have established themselves as the world’s best-selling silver coins, with more than 130 million sold since 1986. Select silver bullion coins that are attractive and are guaranteed by a government. The silver Canadian Mapleleaf and the silver Chinese Panda also have designer artwork and are government guaranteed.
- 4). Study the purity of the silver coin being offered. Choose silver bullion coins that are 99.9 percentt pure. Sterling silver and partial silver coins are not a valuable investment. Do not buy silver from dealers who do not advertise their silver to be 99.9 percent pure. Pure silver will have a .999 marking on the bullion coin.
- 5). Visit local coin dealers, coin exhibits, flea markets and pawn shops. Examine the silver bullion carefully to make sure it has the .999 stamp. Negotiate with coin sellers face to face and do not accept the first offer. Compare offers against the current silver spot price.
- 6). Buy silver bullion coins on eBay. Look for silver coins that are offered by sellers who have at least a 97 percent positive feedback rating and have a minimum of 100 completed transactions. Look for silver bullion coins that are being sold in a group rather than individually.
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