Are There Secret Or Hidden Ways To Invest In Silver Cheaply?
Actually this tip is not much of a secret, or even that well hidden, though some silver bullion gurus use it as their pitch to get you to subscribe to their newsletter. Some of these ads will say something like, Buy Silver For $3.
This website does not hide it, but promotes this idea on the front page with our free US Silver Value Calculator. So, let me describe it in detail.
The So-Called Secret Silver Buying Tip
- A lot of US silver coins made before 1964 were 90 percent silver. Some other coins are 40 percent silver. If these are circulated, some people refer to them as “junk” coins or junk silver. However, they are hardly junk, but just may not have a lot of numismatic value. They are still valuable for the silver they contain!
- If you are very lucky, you may even find some in circulation, though that is fairly uncommon. I have read about people who still go by the bank to pick up rolls of coins to search for them. Sometimes they get lucky. Some people even get them in change at a store. This is rarer still. While this may be an effective method of finding treasure, it is probably very time consuming for the amount of silver you can find.
- Buying junk silver, like bags of US silver dimes or quarters, is usually a very affordable and low premium way to start. You may even get lucky and find a coin in your bag that is worth more than melt. Again, most of these bags have been picked over, so that may be rare.
- Where can you buy old US silver coins? You may find them at flea markets, EBay, auctions, or even in coin stores.
Are There Other Top Secret And Hidden Ways To Buy Silver?
Hopefully, you get that this title is a little tongue in cheek by now. Anyway, I have scored some silver candlesticks at a yard sale. I picked them up for $3, and sold them for $30 each to a local coin dealer. Be careful though, because pewter can look like silver, and it is easy to get fooled. I figured for three bucks I could either have candlesticks or make a nice profit.