1oz Generic Silver Price Comparison Across Our Top Eight E-Commerce Bullion Dealers
The following chart lists price premiums on 1oz generic silver, following manual price comparisons at Bullion.Directory’s 8 best US-facing e-commerce sites.
The price premiums on generic 1oz silver are checked regularly and may include special offers and sale prices.
All premiums listed are for buying an individual 1oz generic silver product and do not include shipping or any applicable state taxes. Volume discounts will typically apply which may reduce these premiums and most of our top-rated bullion dealers will offer free shipping provided minimum purchase levels are met.
The current average market premium is 15.8% for generic 1oz silver.
| Dealer | Premium | Free Shipping? | |
|---|---|---|---|
| APMEX | 26.7% | YES $199+ | |
| BGASC | 16.8% | YES $199+ | |
| BullionStar | 9.9% | YES $98+ | |
| JM Bullion | 11.6% | YES $199+ | |
| Money Metals Exchange | 14.5% | YES $199+ | |
| Silver Gold Bull | 14.7% | YES $199+ | |
| SD Bullion | 10.2% | YES $199+ | |
| Texas Precious Metals | 22.1% | YES – ALL | |
Why Buy Generic 1oz Silver?
Typically generic 1oz silver bars and rounds will carry a lower premium than well-known silver coins such as Silver Eagles, or Silver Britannias, or popular and highly sought after brands of silver bars like PAMP Suisse.
These generic 1oz silver products may be loose and not carded, or in capsules, and they may not always be in fully uncirculated (UNC) condition. Some may be secondary market.
Buyers of generic 1oz silver bars and rounds are looking for a combination of the most amount of .999 pure silver possible for their dollar with the added advantage of easy liquidity and fungibility due to their smaller size in comparison to silver kilobars or 100oz silver bars – bars which typically will carry the lowest premium of all silver investment products.
Our price premium comparison table above will help savvy investors choose a dealer with the lowest premium and most advantageous shipping costs – giving an immediate head start for future gains.
Why Buy Generic 1oz Silver Through Our Top 8 Dealers?
We believe the above listed national gold dealers offer the perfect combination of low premiums, affordable or free shipping across the US and market-leading standards of service.
Each dealer is rated by both our team and our visitors as excellent and several have been finalists or winners in our annual Bullion Dealer of the Year public vote.
Bought from one of the above listed dealers? Please leave a review on their directory listing to share your experience with other visitors.
Bullion Comparison Prices in Depth: 1oz Silver
From our comparison chart it can be seen that dealer premiums vary from 9.9% to 26.7%, and in cases where companies have higher premiums, it typically means they either don’t sell generic bars or silver rounds and instead carry premium branded products or only sell popular 1oz coins such as Silver Maples or Silver American Eagles.
Comparing Bullion Prices: Basic or Premium Brand?
Purchasing a generic bar or round vs a Silver Maple or premium-branded bar simply comes down to a personal choice.
It’s often argued that resale of the most popular 1oz silver coins such as Maples or Eagles can be easier and achieve higher prices than when selling generic rounds or bars, but in practice, provided the generic bars or rounds are from a well-known mint we seldom find this to be the case. Where it gets a little trickier is selling generic bars or rounds from an unknown or little-known brand – but even then at the end of the day 1oz of 999 silver is always going to be 1oz of 999 silver and providing the metal tests true, you should still get something approaching spot.
The next thing to look at when comparing silver bullion prices is the shipping cost and as can be seen above qualification for free shipping varies enormously from dealer to dealer, with some offering universal free shipping and others always charging – but with low minimum order values.
Depending on order size a balance of low premium and shipping cost should be examined to get best value. Companies that charge shipping say there’s no such thing as free or free shipping is hidden in a higher cost per item – however again we find some of the lowest premiums also come with the lowest shipping costs, such as can be seen with regular top performers Silver Gold Bull and SD Bullion.
Finally when looking at getting best value from a 1oz silver bullion purchase, it pays to ensure the dealer has an excellent reputation, an established history and good reviews with little in the way of complaint.
We ensure that we only list reputable dealers in our 1oz silver bullion price comparison chart, and each dealer listing in bullion.directory carries user ratings and reviews to ensure our readers are fully aware of a dealer’s standing.
