What is the advice that you are going to get when you decide to purchase bullion products, especially silver bullion products? There is no need for any confusion because everybody will advise you to buy flawless bullion. But, the varying requirements of the people are a major factor and the type or condition should be selected, based on the exact requirements of the individual concerned.
If you are really looking for cost effective generic or second hand silver bars, our review of Golden Eagle Coins will serve the purpose in the best manner. Golden Eagle Coin is the most affordable online supplier of generic silver products including secondary market 1, 10, and 100 oz silver bars.
The best way of buying generic or wholesale silver is to purchase silver at a price below the metal’s spot value. The following sections clearly reveal everything that you should learn while purchasing wholesale or generic silver and these sections also throw light on the benefits of making such an informed purchase.
Take a look at the benefits of buying used or generic silver
Some investors always look for brand new silver bars and they want the silver to be in mint condition as well. The fact of the matter is that mint condition should not be given the unwanted importance that it does not deserve. As far as silver bars are concerned, the bar condition should not be a matter of grave concern because people do not invest for condition. On the other hand; they invest in the silver itself. If the condition of the bar is not really worse, totally destroyed or completely unidentifiable, you can purchase it without any apprehension.
A Collection of Generic 100 oz Silver Bars
Like any other metal, general wear and tear can always be associated bars that have been around for a good number of years and it never affects the value of the bar in an adverse manner. The value of the bars will come down only when silver on the bar is destroyed and big scratches or chips can destroy the silver. Normal wear and tear should never be a big concern and you should never take it as an impediment while purchasing a used bar. You can easily find out a lot of renowned silver dealers selling used silver in these days.
At or Under Spot Value
When you purchase off-brand or used silver bars, you always stand in with a chance of purchasing silver not above the spot value and in certain situations, you will be able to buy silver even under the existing spot value. This aspect has a lot to do with the reputation and goodwill of the seller.
You should compare the prices of new and old ones closely before arriving at a conclusion and if there is not any marked difference between a new silver bar and a used one, you should always select a new one. At the same time; if you come across a used bar being sold for a price that is really inexpensive, you should not hesitate to check the used bar because it can be really a good option.
Mindful about these important aspects
It is always advisable to apply your logic and discretion while buying generic or used silver bars. Substandard or ill-reputed private parties will play dirty tricks and they cannot be described as reliable sellers because they will misguide you to make all the wrong decisions. Another important that should be given the due attention it deserves is the risk of silver bar being counterfeit. Although it can be a remote possibility, counterfeits do exist and you should be aware of this aspect as well.
In order to avert the possibility of purchasing fake material, you should identify a trustworthy and renowned online silver dealer like Golden Eagle and top dealers like them conduct a thorough inspection at their inventory before making any selling decision. Such a method of approach eliminates the possibility of buying low quality silver and this method can also be described as safe and reliable one compared to buying from a least known third party individual. Last but not the least; you should also make sure that you are purchasing pieces marked as .999+ silver including a mintmark of origin.