Buying cheap silver bars

Getting the daily price of silver is very easy.

I just go to Kitco, and I can check the current silver price per ounce, and the historical silver price.

However, finding and buying cheap silver bars is a challenge.

At the point of writing, when the price of silver is $47.94 per Troy ounce, the selling price for a Kitco 1 oz Silver Bar is $49.30.

On top of the cost of silver bars, there are shipping and insurance cost.

Kitco charges a minimum of $135 for shipping cost, and $4 per $1000 value of silver for insurance.  This rate is for international shipping.


Apmex, The American Precious Metals Exchange, has a great selection of silver bars.   However, nobody associates Apmex with the word, cheap.

Apmex is known for its quality.

1 oz APMEX Silver Bar .999 Fine costs $51.98.

1 oz Sunshine Silver Bar .999 Fine costs $51.68.

1 oz Silvertowne Silver Bar .999 Fine costs $51.68.

Second hand silver bar costs $51.08.  This is the price for generic brand.

Branded silver bars such as Engelhard, A Mark, and Johnson Matthey command higher price.

For international shipping, the shipping policy states that “Our shipping charges to Australia are $49.95 USD plus an additional $0.25 USD per troy ounce weight surcharge.”

This cost includes the insurance cost.

In a sense, buying from APMEX is better.  Even though the cost of the bullion is higher, the insurance and shipping cost are much lower.

Another place I like to check for cheap silver bars is Gainesville Coins.

It is highly recommended by the forum members in my country.

Made In The USA 1 troy oz Bar. fine silver 999+. Generic silver bar costs $49.04.

However, the international shipping cost is high.

Shipping rate (for everywhere except Canada) is a $75 flat fee plus $0.25 per ounce.

The total cost of owning a silver bullion is comparable to APMEX, provided you have a larger order.

It is not worth to buy just one little ounce of this precious metal.

Most companies want a minimum order of $1000 worth of products for international clients.

Many people hunt for cheap silver bars from Ebay.

It is possible to get good, and cheap silver bars.  If the seller wants cash on delivery, you can even save on shipping cost.

The only problem is the trustworthiness of the seller.  If he wants cash on delivery, you can examine the product before parting with your money.

If he ships to your house, it requires an element of faith in your part.