I'm considering purchasing Silver Eagle coins from the bank, but I'm not sure if it's a wise decision. I want to understand the pros and cons of buying these coins and whether they are a good investment option.
            
            
            
            
            
            
           
          
          
            7 answers
            
            
  
    
    Riccardo
    Fri Nov 22 2024
   
  
    Purchasing or selling US Mint Silver Eagle coins with a face value of one dollar at a bank is not advisable.
  
  
 
            
            
  
    
    CharmedWhisper
    Fri Nov 22 2024
   
  
    Banks typically charge significantly more for these coins compared to bullion dealers.
  
  
 
            
            
  
    
    Silvia
    Fri Nov 22 2024
   
  
    This price discrepancy is a result of a long-standing practice within the banking industry.
  
  
 
            
            
  
    
    Chloe_emma_researcher
    Thu Nov 21 2024
   
  
    In the past, it was possible to buy silver at banks below its spot price.
  
  
 
            
            
  
    
    Martino
    Thu Nov 21 2024
   
  
    However, those days are largely behind us now.