3/15/2023 0 Comments Silver coins![]() ![]() However, if you’re looking for a very specific silver coin, then eBay can be a great option. But should you buy from eBay? Well, if you’re buying in bulk, this is not something we would recommend. eBay is great because there is a wide selection of products and a large variety of sellers. There are a ton of investors and shoppers who like to buy silver coins from eBay. Therefore, the reason a Canadian Maple Leaf coin is cheaper than a American Silver Eagle is because the Royal Canadian Mint sells them to the wholesale market at a lower rate than the US Mint sells Silver Eagles to the wholesale market for! The Government mints all set their premium prices at different rates to the wholesalers. So the reason is the prices is different is simple. Maybe the retailer marks that silver eagle up to +$2.50 and sells it to you. So then, thirdly, the retailer is the final markup. The wholesaler buys them at +2.00 over spot and may mark them up to +$2.20 and sell them to the retailer. Then, the second controller is the wholesaler. For example, the US Mint sells silver eagle coins to their authorized purchase network at spot + $2.00. The Mint that produces the coins sets a premium price for their specific coins and sell them to the wholesalers at that premium price. So who sets the premium price? Well, there are really three main layers. This premium prices explains the difference in the price of coins. The silver spot price is set by the market, not the dealers. There’s the silver spot price and there’s the premium price for that particular product. Where do silver coins get their value and why is the price different for each silver coin? To be clear, there are two prices to consider when looking at any particular silver coin. Typically speaking, Silver Coins are also of higher quality strikes than silver bullion rounds. However, that is the most distinctive characteristic that sets them apart from their Silver Round counterpart. Now you will probably never use a silver coin for it’s face value. ![]() ![]() While the Canadian Silver Maple Leaf coin carries a face value of 5 Dollars. For example, US Silver Eagles contain a face value of One Dollar. Silver coins carry face values backed up by that respective Government. This allows you to easily find the most popular silver coins at the lowest price! What is a Silver Coin?Ī silver coin is a coin minted by a Government Mint. At Gold Silver Insider, we scour the web to find the most popular silver coin series and return them here with prices from all the top dealers. ![]()
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