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Step 1
Try to buy silver locally, through coin dealers, silver traders, and pawn shops. Buying silver locally will save you shipping costs and the waiting time intrinsic with mail delivery.
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Step 2
Set up an online account to buy silver via the internet. There are many good sites available; I personally recommend BullionDirect, which I have used. Shop around to see where the best prices are. Whichever site you choose, be sure to make sure it is reputable. Register at the website and provide the required information.
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Step 3
Research the silver you can buy through the site. Silver is available in bars and coins. Coins are minted by countries (some of the most popular one-ounce coins include Canada's Maple Leaf, the American Liberty, and Mexico's Libertads) as well as private companies (such as Prospector Rounds minted by Englehard).
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Step 4
Buy silver coins and bullion through the site's catalog or trading feature, where the prices may be slightly lower than the catalog, depending on the market. You may need to fund your account first, and some places do not accept credit cards.
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Step 5
Request shipment of your purchased silver coins and bullion once you have completed buying. After the package arrives, catalog the contents and promptly notify the company of any discrepancy (this is very rare and customer service is usually exceptional with reputable sites).
Comments
WriterGig said
on 2/29/2008 2/29/2008
Bullion Direct current prices:
Mexican Libertad rounds for $20.55 each
Prospector rounds for $20.50 each
Liberty silver dollars for $21.35
Maple Leaf Canadian silvers for $21.50
creativemayhem said
on 2/10/2008 Interesting. As a jewelry maker, I realize the value of silver as a material, but had not realized the larger picture.