What Silver is the Least Expensive to Buy and Easiest to Liquidate?
Silver’s comparatively low price per ounce makes it a less expensive entry point to precious metals than gold, platinum, or palladium. Based on your question, we believe the two most important features you should look for in starting a stack are low premiums and popularity.
One ounce silver rounds, coins, and bars with lower premiums will be the best option, as these will be priced closer to spot than products with higher premiums. Focusing on lower premiums means you’re less likely to be forced to sell at a loss in the event you need to convert your metals to cash. You also want to focus primarily on popular bullion coins and bars that are easy to sell, rather than a collection of numismatic coins or modern collectible pieces like colorized Sonic rounds. Focusing on popular and easily recognized silver pieces means it’s going to be easier to sell at a coin shop or in the secondary market – and fast liquidity is important in an emergency.
What is the Lowest Cost Fine Silver I can Buy on a Small Budget?
Since your goal is to liquidate silver for emergency cash, you will want to be able to sell your assets quickly. Smaller silver rounds, bars, and coins will always be in demand and are easier to cash in than large kilo silver bars. The two most popular sizes are 1-ounce and 10-ounce quantities. Your stack should be focused on these quantities as they’re easy to sell.
Silver Bullion We Recommend
Some silver bullion coins worth considering include South African Silver Krugerrands, Austrian Silver Philharmonics, British Silver Britannia’s, and Canadian Philharmonics. These coins are valuable, readily available, and less expensive than some of their counterparts like silver Mexican Libertads and Eagles. Silver Buffalos are also priced more economically and are readily available.
Silver Bars and Rounds Offer Better Pricing (Usually)
Need to conserve your funds more than these will allow? Silver bars and rounds maximize the value of your dollar, as they will usually carry lower premiums than sovereign coins. 1 oz and 5 oz silver bars and rounds are all inexpensive starting points. Since they are popular, commonly distributed, and not sovereign issues, these will have the lowest costs.
If you can budget for it, some retailers will extend discounts for bulk purchases, which will reduce your price per ounce and increase your yield when it is time to sell. Shop around for the best tier pricing. If you make a bulk purchase, you can sometimes get a better price depending on what you buy. For example, the next best tier for Silver Buffalos is often at 20 rounds, while Silver Maples starts at 25 coins. It’s important to compare, especially if you’re shopping deals.
It is worth keeping in mind that the price of silver can fluctuate and is impacted by many international and domestic factors. If you are ready to sell your silver today, APMEX buys silver.
