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Precious metals have been a hedge against inflation and a reliable store of value from time immemorial.
While paper currencies and other assets sometimes fluctuate wildly in value, precious metals have historically maintained their real value or even had it gradually increase over time.
Because of this, investors of all kinds have flocked to them in times of uncertainty to prevent their wealth from being eaten away. Even during good times, prudent investors have dipped at least some portion of their portfolios into precious metals.
Gold may be the most widely recognized and celebrated inflation hedge, but its high price typically puts it beyond the reach of small investors.
For the small investor who may not have massive sums to protect but who still values what he has, silver is an excellent choice in a chaotic world. And what could be more natural than turning to Silver.com to buy your silver?
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We should make it clear right off the bat that just because the website is called Silver.com does not mean that it only sells silver. Silver.com sells gold, platinum, palladium, and even copper coins and bars as well.
Furthermore, the site also offers several other important services beyond the actual sale of precious metals. These services relate to investing, storage, and more.
In the following review, we will explore in detail all of the various products and services that Silver.com offers both to precious metals investors and coin collectors or numismatists.
We’ll also provide some more general information about the company itself, discuss its fees and shipping rates, show you some of what rating agencies and customers who’ve dealt with the company have had to say about it, and try to give you some idea of what makes it unique.
We’ll also answer some more general questions you may have at the end. There are a great variety of companies out there that sell precious metals, so let’s get into whether and why Silver.com is worth your attention.
What is Silver.com?
Silver.com is a precious metals dealer, headquartered in Dallas, TX, that sells coins and physical bullion in an enormous variety of styles and sizes.
For investors who are especially wary of protecting their wealth, taking direct ownership of the physical metal is extremely important.
ETFs and other sorts of contracts or investments only convey ownership of silver or other metals “on paper.” Conversely, whenever anyone buys physical bullion, they know exactly what’s in their hands.
While there are many online precious metals retailers in existence, what truly makes Silver.com stand out is the enormous variety of products it has for sale. The amount of special-edition coins for sale is quite large and changes continuously.
Silver.com is also a convenient place for you to not only buy precious metals but get investment and storage services.
Silver.com’s Products
Silver.com offers customers a teeming variety of coins and bars made of various precious metals. Let’s examine the silver products first.
Silver.com sells enough 1 oz. silver coins to satisfy even the savviest collector.
These include well-known coins like silver American Eagles, Canadian Maple Leaves, and South African Krugerrands as well as more obscure collectible coins from countries like Armenia, Rwanda, Somalia, Mexico, Austria, and the Congo.
Such coins are minted and struck by the mints of their countries of origin and are usually certified as either .999 or .9999 pure silver. Each coin is also certified as having been minted in some recent years.
Those who want their coins certified can purchase them in special cases on which their type and year of issue are written.
In addition to those recent government-issued silver coins, customers can also buy older coins containing anywhere from 40% to 90% silver content. These include many kinds of coins that were widely circulated in the US before 1965.
Before 1965, US law required many circulating coins to be made of 90% silver.
This was true of the half dollars depicting former president John F. Kennedy, older half dollars depicting Benjamin Franklin, dimes depicting Franklin D. Roosevelt, and older quarters depicting George Washington.
There are also 90% Morgan Silver Dollars for sale, which the US Mint produced from 1878 to 1904; Walking Liberty Half Dollars, which were minted from 1916 to 1947; Barber Quarters and a Half Dollars; and silver Mercury Dimes.
One can also find 40% silver Kennedy Half Dollars for sale and 35% silver nickels which were specially minted during World War II.
Customers can buy all of these coins and others individually, in groups of two, in rolls of 40, or bags of 100. Bags will usually contain mixtures of coins from different years and issues.
Silver bars are also quite popular with investors, as they allow investors to store larger quantities of silver with less hassle. Larger bars also typically have smaller markups per ounce above the spot price.
Silver.com sells .999 pure silver bars in 1 oz., 5 oz, 10 oz, 50 oz., 1 kilogram, and 100 oz. sizes. There are also bars for sale that weigh as little as 1 gram.
Customers can also buy special silver coins and bars that were recovered from the S.S. Gairsoppa Shipwreck, like the 1/4 oz. S.S. Gairsoppa British Britannia.
Lastly, Silver.com can sell you both silver bullets and small silver statues. The statues can be of anything from soldiers and bears to Star Wars characters and dragons. They can weigh anywhere from 4 to 30 ounces.
The bullets come in three sizes: 1 oz. .45 caller bullets, 5 oz. 12 gauge shotgun slugs and 10 oz. .50 caliber bullets.
Gold Products
The story with other precious metals is much the same, but there are some important differences. As with silver, customers can buy popular gold coins like 1oz. American Eagles, Canadian Maple Leaves, and Mexican Libertads.
However, a great many specially designed 1 oz gold coins are available that depict superheroes and characters from franchises like Star Wars and Lord of the Rings and which don’t have equivalents in silver.
Another important difference is that while silver Krugerrands are .999 pure, gold Krugerrands are only .9167 pure. Gold Krugerrands are also available in 1/4 oz. and 1/2 oz. sizes in addition to the standard 1 oz.
Gold bars are also available, but in sizes that are much smaller than the silver bars. Gold bars can weigh as little as one gram or as much as 1 kilogram. 1 oz. gold bars are also quite popular.
The are two other products for sale on Silver.com which are only available in gold. First, there are special pre-1933 American gold coins.
In 1933, the US government required all private citizens to turn in their physical gold holdings which were not in the form of jewelry. These included coins like the 90% gold American Half and Quarter Eagles.
The other gold-only product for sale is special gold notes which were issued in the past by various states. These were once redeemable in gold and make for interesting collectors’ items.
Platinum and Palladium Products
Platinum and palladium coins and bars are also available from Silver.com, though the selection here is smaller than for silver and gold. Still, these two other metals have their specially issued rounds and bars.
We recommend checking Silver.com for details on precisely what’s available.
Copper Products
Finally, Silver.com can sell you copper products. While copper is not usually considered a precious metal, US pennies used to be made of copper, and the value of that copper is now higher than the face value of the pennies themselves.
These so-called Wheat Pennies were struck by the US Mint from 1909 to 1958, and you can buy them from Silver.com in five-pound bags.
There is also 1 oz. copper rounds for sale with various designs on them, including everything from American Indians to the logos of various cryptocurrencies. If you prefer bars, you can buy copper bars or cubes in sizes ranging from 1 oz. to 10 pounds.
Miscellaneous Products
Silver.com has two other kinds of products for sale that are neither coins nor bars of any kind: cryptocurrency wallets made of copper and various kinds of tubes and cases for both bars and coins. See the website for details on sizing.
And if all of that wasn’t enough, customers can sell their bullion or coins to Silver.com at fair and competitive prices. When you call Silver.com and agree on a sale price, that price is then locked in, even if the spot price of the metal changes.
This applies both to purchases and sales.
Investment and Storage Services
This extensive array of precious metals products still does not exhaust what Silver.com can offer customers.
The company also offers investors and collectors two critical services: the ability to open a precious metals IRA and the ability to store bullion in a safe location.
Precious Metals IRA
Silver.com allows you to open your own self-directed IRA, fund it to whatever degree you deem appropriate, and then purchase IRA approved precious metals to fill the account.
Silver.com works with all kinds of accredited IRA custodians, but the company has especially close relationships with The Entrust Group, Inc.; The Goldstar Trust Company; New Direction IRA, Inc.; and Self-Directed IRA Services, Inc.
Once established, the IRA carries all manner of tax benefits that make investment especially attractive. Visit Silver.com or call them for a consultation to learn the details on this.
Storage Options
If you want to purchase a large amount of bullion that is inconvenient or impossible for you to store on your own, Silver.com works with companies that can store it for you.
Also, be aware that investors must store their metal in an approved depository to attain tax-approved status.
Silver.com recommends working with either the First State Depository Company, LLC or the Delaware Depository Service Company to store precious metals and can put customers in touch with either of these firms.
Taxes, Fees, and Shipping
Orders from Silver.com typically ship out to the customer on the same day they are placed. The only exception to this occurs if you choose to pay for your order with a check.
In that case, orders will take 4-6 business days from the day the check is deposited to ship out. On orders totaling less than $199, there is a flat shipping charge of $7.99, while for orders of $199 or more, shipping is free.
Silver.com will ship to you either through UPS or the US Postal Service, depending on what it deems more efficient. Signature verification is required for the receipt of all orders totaling more than $1,000.
Orders currently ship out from Las Vegas, NV, and shipping times will vary by that. However, orders typically take anywhere from 1 to 4 business days to arrive after being shipped.
Silver.com currently charges and collects sales taxes on items shipped to 46 different states and the District of Columbia. The only exceptions are Delaware, Montana, New Hampshire, and Oregon.
If you live in any of those states and place an order, you must pay the state sales tax yourself. If your bullion is to be stored in a state other than the one in which you live, you will pay the sales tax associated with the state in which the bullion will be stored.
Each state will have its tax details, and we recommend consulting Silver.com’s special directory for details.
Silver.com offers competitive pricing for all products, but the fee you pay above the spot price will vary in part depending on the kind of payment method you choose.
Checks and wire transfers have the lowest fees, while credit card and PayPal payments have the highest ones. Cryptocurrency falls somewhere in between.
Ratings, Complaints Reviews, and Overall Trustworthiness
The reviews of Silver.com from accredited business rating agencies have been generally favorable, while the direct customer reviews for the company have been more mixed.
The Better Business Bureau maintains Silver.com’s accreditation and gives it an overall rating of 4.7 out of 5. Business review website Trustpilot presents an overall rating of 3.2 out of 5.
The business rating site SiteJabber shows an even lower rating of 1.96 out of 5.
For customers who have voiced unfavorable opinions about the company, by far the most common complaint relates to shipping. Quite a few have complained that shipping out their orders took weeks.
Some have claimed that their orders arrived damaged. Still, others reported difficulties in getting the company’s service team to respond to their requests for shipping information.
The overall impression that emerges is that customers can buy a wide variety of products on Silver.com rather inexpensively, but they will have to be extremely patient in waiting to receive their orders.
Pros and Cons of Silver.com
Pros
Cons
FAQs
What are the phone numbers to call when you want to work with Silver.com?
For general orders or to set up a precious metals IRA, call 1-888-989-7223. To sell your precious metals to Silver.com, call 1-866-898-4805. Company representatives are available Monday-Friday, 8:00 AM to 6:00 PM Central Standard Time.
What types of bullion does Silver.com sell?
Silver.com sells silver, gold, platinum, palladium, and copper bullion in the form of either coins or bars of various sizes and purities. It also sells bullion in the form of various types of gold or silver statues.
Which payment methods does Silver.com accept?
Silver.com accepts payment via credit or debit cards, paper checks, eChecks, bank wire transfers, PayPal, or either of the cryptocurrencies Bitcoin and Ethereum.
Are Silver.com’s deliveries insured?
Yes. Each order is insured via Silver.com’s in-house insurance policy and remains insured until it is delivered and signed off on by a recipient. If the order is lost or stolen during transit, Silver.com promises to work to locate the order.
Failing this, the company pledges to issue customers either replacement orders or refunds.
Conclusion
Silver.com is an acceptable company, they are not a scam, but we do not recommend them.
There are much better options for investors looking to make cash purchases of precious metals, and when it comes to investors that want to protect their savings with a physical precious metals IRA, you don't want to risk it.
There are much better companies to work with that we recommend.
You can get a Free Gold Investors Guide from our top gold and precious metals company recommendation by clicking the link above or you can read our article of the top companies we reviewed this year:
>> CLICK HERE to read our list of the Top Gold and Silver Investing Companies. <<
Or, if you like what you have read about Silver.com, you can go to there website below:
I started BMOGAM Viewpoints as a way to compile all my views on investing in one place. I own my home, have some real estate, and own a few stocks like most people, but what really drives my interest in investing is I have a strong love of precious metals, especially gold.
