The Cheapest Silver Coins for Sale

Silver is the cheapest precious metal because it costs less than gold or platinum (per ounce). Even so, it can store value and is a safe investment during a bad economy, just like gold. People can also use it as protection against inflation.

People can purchase silver coins as a cheap way to start investing. If they already have coins, they can add to their collection with silver so they don't have to spend more on gold coins.

Buying silver is not just about getting the best silver prices and buying the cheapest coins. It's important to get silver coins that are pure and have documentation. These will give buyers full value and make coins easier to sell later.

Whether someone wants to buy silver online or purchase silver in person, there are things besides price to think about.

Qualities Investors Need When They Purchase Silver

Whether they buy coins from the U.S.A., Canada, or another source, investors need to find good products. What does "good" mean?

• Purity - Good silver coins should be 99.99% pure.
• Origin - The coins should come from well-known mints. They also should have paperwork or markings that prove their source.
• Design - A well-known design can help with resale and also prove that the coin is real.
• Standard weight - A standard weight (often 1 troy oz for silver) can help prove value and also make coins easier to resell.

While weight is the most important for finding the value of silver coins, there are other things to think about as well.

• Collectibility - Collectors want coins from famous mints. Some of the coins have limited numbers, so people may be willing to pay more to get them.
• Premium - The premium is the cost above the price of a silver weight. So, if silver is $38 per oz, and a 1-oz coin costs $58, its premium is $20. In other words, the premium is the cost of minting the coin plus its collectible value.

It's also important to note that the silver spot price is only for .999 metals.

Types of Silver

Buyers have two choices: coins and rounds. It can be hard to tell the difference because these are both coin-shaped. While they might look the same, there is one important difference: coins are made by government mints. They are legal tender, so people can actually use them to buy things.

Rounds are from private mints. They aren't official money, so they are only for investment. Still, they should be from a good private mint and be .999 pure silver.

The Cheapest Silver Coins and Silver Rounds

When looking for the best silver prices, it's important to use known dealers like Sprott Money. Here are four cheap silver rounds and coins that have the qualities investors need.

1. 1-oz Silver American Eagle Coin

The 1-oz Silver American Eagle Coin is the best value for those who want to purchase a silver coin. The status of silver eagles is because of their reputation. The coins are from the United States Mint, which is the government mint of the U.S.

The coins have the Walking Liberty image on one side and a flying eagle on the other. Silver eagles also have counterfeit-protection designs, so they are easy to resell. Because of the quality of coins made by the U.S. Mint, this is one of the most popular silver coins from the U.S.A.

2. 1-oz Buffalo Silver Round

For those who only look at the price, the Silver Buffalo Round is the best overall option for cheap silver rounds. It costs a little bit less than other 1 troy oz coins like the Silver Eagle and Liberty Head, so it's the cheapest option on the market.

The design of the Buffalo Silver round is based on the famous Buffalo nickel from the early 1900s. One side of the coin has an image of a Native American and the word "liberty." The other side shows a buffalo and the weight and purity numbers.

Even though it has a lower price than the other silver coins, the design and quality make the Buffalo Silver round a good option for those looking for cheap silver coins.

3. 1-oz Silver Lady Liberty Round

The Silver Lady Liberty, known as the Liberty Head Coin because it has an image of the Statue of Liberty's head, is from the SilverTowne Mint. This is one of the best private mints in the country, and it has products with recognizable designs.

The Liberty Head Coin is 1 troy oz and .999 fine silver. The design and quality make this one of the top coins for those who want to purchase silver coins from the U.S.A.

4. 1-oz Silver Sunshine Round

This sunshine-themed coin comes from the Sunshine Mint, another well-known private mint making coins in the U.S.A. Sunshine Minting is in Nevada and Shanghai, with locations in other parts of the U.S. as well. The coin has anti-counterfeit features and an attractive design. Both these things make it easy to resell.

Both sides of the coin show a picture of the sun. The front has a flying eagle going in front of a sun. The back has a picture of the same sun, weight, and purity info. The unique design makes this a good option for buyers wanting cheap silver rounds.

Find the Best Cheap Silver Rounds at Sprott Money

If you want to order silver online and purchase silver coins or rounds that offer good value, look to Sprott Money. Sprott has .999 silver products and is seen by many as one of the best dealers in the industry. The company also sells gold and platinum coins, but its silver coins are the cheapest way to get into precious metals. Browse Sprott's collection of coins and bars to get started or add to your portfolio today.