Silver Values

How Can You Buy Silver Cheaply?

There is a lot of excitement in the bullion community about the high price of silver. You can check today’s silver value here. If you are holding onto the silver ounces you purchased for $5 – $6 a few years ago, you are probably gloating. If you cashed out at $12, you may not feel that happy.

But no trains have left the station yet! There are still ways to purchase cheap silver if you are willing to do a little work. We’re not saying you can find bargain prices at the coin store or from bullion sellers. We are saying you can look for other sources of silver bullion!

1. Make sure you know the current value of an ounce of silver. The only way to figure out if you are buying bargain silver bullion is to know how much it is worth!
2. Consider items that contain silver like jewelry, silverware, candle sticks, sterling dishware. You need to find markings on the items that tell you what the silver content is. Be wary of getting fooled by silver plating, or even by pewter that just looks like the more precious metal!
3. Where to look? Try thrift stores, garage sales, estate stales, etc. I have snapped up silver candlesticks at a yard sale for $3!
4. “Junk” silver refers to coins with silver content. They are usually not high graded coins, but are valuable because of the precious metals they contain. Any US dime, half dollars  or quarters that are dated before 1964, are 90% silver. Many people do not realize that half dollars from 1965 – 1969 are still 40% silver. Also note that “War Nickels” minted between 1942 and 1945 are 35% silver! Some people comb through rolls of coins from the bank to look for treasure. Again, you can use our silver coin calculator to figure out the current value of “junk silver”.
5. Learn more about scrap silver from electronics or photography.
6. If you’re not sure about a purchase, either have a smart phone or somebody at home who can check the internet for similar items and markings.

Got any other tips to treasure hunt for bargain prices silver? Comment here and let us know!

Read original blog post