Silver Eagle Monster Boxes are a great way to purchase a large quantity of Silver Eagle coins. A monster box contains 25 plastic coin tubes. Each tube contains 20 American Silver Eagle coins. That means each sealed U.S. Mint monster box will contain 500 uncirculated American Silver Eagles! Perhaps you you are hesitant about investing in such a large quantity of American Silver Eagles at one time. There’s a huge cost savings for investors buying monster boxes.
When you purchase American Eagle Silver coins, your price is based on the current market spot price. The dealer then adds a premium per silver bullion coin. The main advantage for buying Silver Eagle monster boxes is the cost savings. The greater the quantity of silver bullion coins purchased, the cheaper the price! Plus, most bullion dealers offer free shipping for large orders. Consider the average premium on single American Silver Eagles, 20% to 30% above the spot price. Whereas, the premium per coin from a monster box can be as low as 11% to 15%. While the difference seems small, multiplied over the 500 coins in one box, it becomes a huge cost savings.
But I can’t Afford It.
Now that’s a limiting statement. How about, “How can I afford it?” Much better. It’s true, even with the cost savings these monster boxes aren’t cheap. Large investors won’t notice a $9,990 investment. But for the smaller investors, this can be a little intimidating. There’s a few ways around this.
Join a few small investor together and split the cost as well as the coin rolls. Also, you could pre-sale half the rolls on eBay to help finance. But BE CAREFUL, this is an extreme measure and there are legal issues with this. Make sure you think this one through, even then think twice, thrice, and more about it. Here are two of many ways to afford a monster box. Use your creative mind to help you figure out plan to afford a monster box–and enjoy both the huge cost savings as well as the satisfaction of accomplishing a new level of financial intelligence.
Top 5 Places to Find Silver Eagle Monster Boxes
1. American Precious Metals Exchange – also a reputable dealer, however there’s better deals to be found (just look around and comparison shop a bit)
2. JMBullion — one of the most popular bullion dealers offers free shipping and cost competitive compared to other bullion dealers.
3. bgasc.com — low cost, they don’t include free shipping on all orders, but for silver eagle monster boxes they will include free shipping.
4. Money Metals Exchange — low cost and free shipping when you cross $1,000, but that won’t be hard considering you’re about to buy a monster box of silver eagles.
5. eBay – just search for ‘Silver Eagle Monster Box’ but be sure to bid on items from a seller with a high, positive rating
How to Buy Silver Eagle Monster Boxes Without Getting Ripped Off
With the price of silver bullion exploding in recent years, there seems to be no lack of silver dealers advertising their services online.
Trying to find a reputable dealer can be a bit confusing for the novice investor, wish to purchase Silver Eagle Monster Boxes. After all, there are crooks in every business – the precious metal sector being no exception. However, the following tips will help you to select a quality, online silver bullion dealer.
Older Is Better
Reputable silver bullion dealers are well-established and have been in business for a long period of time. Many reputable dealers such as Kitco and Monex have been in business for thirty years or longer.
A reputable silver bullion dealer will have a physical office, in addition to an online presence. Check the dealer’s website for a traceable address and phone number.
Track Records Count
Reputable dealers have a long-list of satisfied customers. Be sure to check out a potential silver dealer’s customer service track record. Find out if they provide personal service. Try to get a recommendation from other silver investors, when searching for a respectable silver bullion dealer.
A reputable silver bullion dealer doesn’t have to be a huge conglomerate. Your local coin shop can be a great place to purchase Silver Eagle Monster Boxes. Just make sure you apply the same rules of analyzing the business as you would an online dealer.
If you buy locally, you take delivery of the silver when you purchase it. Therefore, there’s no risk of getting swindled by a non-delivery. Another advantage to purchasing locally is that no reporting requirements are required. You can walk into the store, pay with cash and remain anonymous if you wish to do so. With the larger online silver bullion dealers, such as those listed above, you are linked to the purchase with a paper check.
Diversification Is Important
With any investment, you want to diversify to lower your risk. The same principle applies to selecting a silver bullion dealer. You don’t have to deal exclusively with one business. Even if you’ve done your homework and investigated the dealer to the best of your ability, there’s still a possibility that you could end up buying fake silver bullion coins. If you purchase your silver from various places, you will significantly lower the risk of losing money from a bad deal.
Don’t Overlook eBay
You can also bypass the silver bullion dealers altogether and safely purchase your Silver Eagle Monster Boxes on eBay. eBay can be a great source to find terrific deals on silver coins. But, for those not familiar with the online auction format, purchasing on eBay does carry some risks. Just be sure to:
- Carefully read the item’s description.
- Check the seller’s rating – the more positive feedback the better.
- Always email the seller your concerns or questions.
Whether you’re purchasing your Silver Eagle Monster Boxes from a huge conglomerate, a local coin shop, or an online auction site, follow these simple tips I’ve outlined and you’ll be a safe and happy silver bullion owner!