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Live Spot Prices  |   Gold $1222.10 (.10)    Silver $14.49 (.12)    Platinum $848.00 (.00)
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Silver

Are silver coins worth anything?

Absolutely! Collectors and investors alike purchase both modern and pre-1964 silver coins to fully diversify their portfolios.

Visit this link to view today's silver spot prices, and to view charts of silver's worth over time. Any silver coin is always going to at least carry the worth of the silver itself. Some will have additional value to collectors.


Can silver coins be melted down?

Just like any precious metal, silver can be melted down. It's rarely necessary. Silver coins usually carry a very high purity, which means there's no need to melt them down to retrieve the precious metals within.


Is silver bullion taxable?

Tax rules change all the time. Whether you pay taxes on silver bullion depends on your income bracket and whether you received a capital gain or a loss. This is calculated at the time of sale, so make sure you pay attention to how much you bought your silver for, as it will matter when you go to sell it later.

Investopedia offers a far more in-depth answer well worth reading. But if you're considering selling off your silver it's important for you to speak to an accountant first.


Why is the price to buy silver higher than the spot price?

The retail price of silver is always going to be higher than the spot price. The spot price is just the base price of the silver without accounting for any other costs associated with selling silver, such as shipping, marketing, paying our employees, storage, security, and more.

Thus, dealers must sell silver with a small mark-up to make a profit. When you sell silver, dealers will generally only pay the spot price. Thus, when you invest in silver make sure you're investing for the long run. The price of silver goes up over time, but if you only hold it for a year or two you'll lose money. You need to give the value time to overtake and exceed the price you paid to invest.


Four Reasons to Come to U.S. Precious Metals

  • Get one-on-one attention as you work to build your investment portfolio.
  • Work with experts: we've got 30 years in the industry and are a leader in the wholesale market.
  • Peace of mind: we've got a reputation for integrity, which means you can count on us to deal with you honestly.
  • We've cut out the middle man, which means buying gold costs a lot less.

References:

https://silverprice.org/

https://www.investopedia.com/articles/personal-finance/081616/understanding-taxes-physical-goldsilver-investments.asp


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Silver

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