I'm considering purchasing Silver Eagle coins from the bank, but I'm not sure if it's a wise decision. I want to understand the pros and cons of buying these coins and whether they are a good investment option.
7 answers
Riccardo
Fri Nov 22 2024
Purchasing or selling US Mint Silver Eagle coins with a face value of one dollar at a bank is not advisable.
CharmedWhisper
Fri Nov 22 2024
Banks typically charge significantly more for these coins compared to bullion dealers.
Silvia
Fri Nov 22 2024
This price discrepancy is a result of a long-standing practice within the banking industry.
Chloe_emma_researcher
Thu Nov 21 2024
In the past, it was possible to buy silver at banks below its spot price.
Martino
Thu Nov 21 2024
However, those days are largely behind us now.