Cryptocurrency Q&A Should you buy Silver Eagle coins from the bank?

Should you buy Silver Eagle coins from the bank?

Riccardo Riccardo Wed Nov 20 2024 | 7 answers 1634
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. Should you buy Silver Eagle coins from the bank?

7 answers

Riccardo 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.

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CharmedWhisper CharmedWhisper Fri Nov 22 2024
Banks typically charge significantly more for these coins compared to bullion dealers.

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Silvia Silvia Fri Nov 22 2024
This price discrepancy is a result of a long-standing practice within the banking industry.

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Chloe_emma_researcher Chloe_emma_researcher Thu Nov 21 2024
In the past, it was possible to buy silver at banks below its spot price.

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Martino Martino Thu Nov 21 2024
However, those days are largely behind us now.

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