Buying Silver Eagles From Banks <HD>

“Every now and then you will find a bank that has made a deal with a coin dealership... But these coins belong to the coin dealer not the bank. The dealer adds a markup, and the bank adds a mark up... their prices are about 50% higher than you can get them...” Quora · 4 years ago What You Need to Know

“I bought like 15 silver eagles at my bank... They had ordered some for customers and they were just sitting in the safe so I bought what they had. They let me have them for like $21 each iirc.” Reddit · r/Silverbugs · 2 years ago buying silver eagles from banks

While getting a Silver Eagle at the same place you deposit your paycheck sounds convenient, reviewers and experts suggest avoiding it for two main reasons: Bullion Exchanges “Every now and then you will find a

Buying American Silver Eagles from a bank is a bit like finding a hidden side quest in a video game: it’s rare, often unexpected, and usually more expensive than the main path. While these coins are official U.S. legal tender, most modern banks focus on circulating currency (pennies, quarters) rather than bullion. The Review: "The Banker’s Premium" their prices are about 50% higher than you can get them

: The U.S. Mint does not sell bullion Silver Eagles directly to the public; it sells them to "Authorized Purchasers" who then distribute them to retailers.

: Some niche or regional institutions, such as Leader Bank or EverBank , explicitly offer silver and gold bullion coins at their locations or online. Why Avoid the Bank?