How to Find Silver Coins & Rounds in Limited Supply 

 

Not all silver coins and rounds are readily available. Some are only available in limited supply due to short minting periods, and others are temporarily limited due to increased demand. Regardless of why silver coins are difficult to obtain, there are some things you can do to find your preferred silver coins, even if the supply is limited. The precious metals experts from First National Bullion, the silver and gold dealers Scottsdale collectors rely on for outstanding quality and service, offer a few tips to help you find the silver rounds and coins you’re looking for.

Buy Silver Bars

Prices for silver bars haven’t yet risen. This is a good time to consider buying bars instead of coins. Silver bars are also a good investment. They can become more valuable over time, especially if the silver price eventually impacts bars. Silver bars can be stored easily if they’re smaller, just like you would do with coins and rounds. They can also be easier to sell if coins and rounds remain in limited supply and other buyers are turning to bars instead.

Look for Coin Dealers Willing to Lock in Prices

Some silver and bullion dealers are locking in prices to make it easier to maintain supplies. Locked-in prices also prevent dealers from increasing prices if demand increases even more. However, dealers will stop guaranteeing prices or locking them in if there are issues with mines, mints, or delivery of their products. Some dealers may stop taking new orders altogether.

Consider Exchange Vault Purchases

Prices are still reasonable for silver stored in exchange vaults. Some exchanges maintain a steady supply to prepare for shortages. If demand increases even more, however, some buyers may be surprised to receive cash instead of silver coins, rounds, or bars that are preferred.

Don’t Delay when You Find Silver Coins or Rounds You Prefer

When you do find a good deal on silver coins or rounds, don’t hesitate to seal the deal. If you wait too long, your preferred coins may be gone. Placing orders in advance is another way to obtain coins and rounds that are in short supply. If you do so, you’ll be assured of delivery in most instances. Many dealers reserve coins and rounds for orders placed in advance.

Trade with Other Collectors

If all else fails, you can always turn to other collectors or buyers. You might, for instance, have silver coins or rounds another collector wants, and the other collector might have some of the products you prefer. It takes more time to do this, but it’s worth considering if you’re out of other options. You can also visit coin shows to see if other individuals have what you’re looking for at a fair price.

As for what’s causing shortages, one factor is a drop in silver spot prices. The lower prices have caused a spike in demand, so much so that the U.S. Mint recently stopped taking new orders. Instead, they’re working to clear their backlog. However, if you keep the tips mentioned above in mind, it’s often easier to obtain limited silver coins and rounds.

 

If you’re looking for the best place to buy silver, call on the professionals at First National Bullion. We buy and sell all kinds of precious metals, including gold, platinum, and silver bars. Scottsdale collectors who are looking for trustworthy dealers and high-quality service should give us a call to speak with one of our experienced team members. 

 

The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.