Silver.Com Review

Last Updated on February 27, 2023 by George

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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 actual value or even had it gradually increase over time.

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.

Before you get started with this review:

They understand how difficult it is to pick a company you can trust with your hard-earned savings. That’s why they create informative and valuable information to give you as much knowledge as possible to make the right decision.

With its headquarters in Dallas, Texas, Silver.com is a precious metals merchant that offers a vast selection of coins and actual bullion in various shapes and sizes.

Taking direct possession of the actual metal is crucial for investors concerned with safeguarding their wealth.

Only “on paper” ETFs and different types of contracts or investments convey ownership of silver or other metals. On the other hand, when someone purchases actual bullion, they are well aware of what they are holding.

Despite other websites selling precious metals, Silver.com stands out due to its massive selection of goods. Special-edition coins are offered for purchase in a substantial and fluctuating quantity.

You may purchase precious metals from Silver.com and use their investing and storage services.

Silver.com’s Products

Customers can choose from many coins and bars manufactured of different precious metals at Silver.com. Let’s start by looking at silver products.

Even the most knowledgeable collector can find enough 1 oz—silver coins for sale on Silver.com.

Along with relatively uncommon collectible coins from nations like Armenia, Rwanda, Somalia, Mexico, Austria, and the Congo, these include well-known coins like silver American Eagles, Canadian Maple Leaves, and South African Krugerrands.

These coins are produced by the mints of their home nations and are often marked 9999 pure silver. Each currency is also guaranteed to have been created recently.

Coins with their type and year of issue written on them can be purchased in rare situations by those requiring their certification.

Customers can purchase older coins with silver content ranging from 40% to 90% in addition to those recently released silver coins from the government. These represent various coins that will often use in US circulation before 1965.

Before 1965, 90% silver content was a requirement under US law for several circulating coins.

It held for older quarters and half dollars that featured George Washington, older half dollars that featured Benjamin Franklin, and dimes that featured Franklin D. Roosevelt.

Additionally, 90% Morgan Silver Dollars from the US Mint, manufactured from 1878 to 1904, Walking Liberty Half Dollars from 1916 to 1947, Barber Quarters and Half Dollars, and silver Mercury Dimes are all available for purchase.

Additionally, 40% silver Kennedy Half Dollars and 35% silver nickels specially produced during World War II are available.

These coins and others are available for purchase by customers singly, in sets of two, in rolls of 40, and bags of 100. Typically, bags will include a variety of coins from various years and issues.

Because they make keeping more significant amounts of silver easier, silver bars are also very well-liked by investors. Additionally, lesser markups per ounce above the spot price are standard for larger bars.

The .999 pure silver bars available on Silver.com are 1 oz, 5 oz, 10 oz, 50 oz, 1 kilogram, and 100 oz. Additionally, bars as light as 1 gram are available for purchase.

Customers can purchase unique silver coins and bars in the S.S. Gairsoppa Shipwreck, such as the 1/4 oz. S.S. Gairsoppa British Britannia.

Finally, Silver.com offers both silver bullets and miniature silver statues for sale. The figurines may represent anything from soldiers and bears to Star Wars heroes and dragons. They can be 4 to 30 ounces in weight.

Gold Products

Although there are some significant changes, the situation with other precious metals is essentially the same. Customers can purchase well-known gold coins like 1 oz., just like silver: Canadian Maple Leaves, American Eagles, and Mexican Libertads.

There are, however, a large number of 1 oz. Gold coins are created and feature superheroes and figures from popular properties like Star Wars and The Lord of the Rings.

Gold Krugerrands are only.9167 pure, while silver Krugerrands are.999 pure. It is a significant distinction. In addition to the usual 1 oz. size, 1/4 oz. and 1/2 oz. gold Krugerrands are also offered.

Gold bars are also available in far smaller sizes than silver bars. The weight of a gold bar can range from one gram to one kilogram, and the popularity of 1 oz gold bars is also high.

Two additional items on Silver.com are for sale but are only offered in gold. First, there are unique American gold coins from before 1933.

In 1933, the US government mandated that all private persons surrender whatever actual gold they held that was not jewelry. Coins like the American Half and Quarter Eagles, 90% gold, were among them.

The other gold-only item for sale is a specific gold note that several states have previously produced. These are intriguing collectibles and were formerly redeemable for gold.

Platinum and Palladium Products

Silver.com also offers coins and bars made of platinum and palladium, albeit the range is less extensive than silver and gold. These two different metals do, however, have their unique rounds and bars.

Copper Products

Finally, Silver.com offers copper-related products for sale. Even though copper is not typically regarded as a precious metal, US pennies used to be made of the metal, and today its worth exceeds the face value of the coins.

From 1909 until 1958, the US Mint produced these so-called Wheat Pennies, available from Silver.com in five-pound packages.

You can get copper bars or cubes in weights ranging from 1 ounce to 10 pounds if you desire them.

Miscellaneous Products

Copper cryptocurrency wallets and various tubes and containers for both coins and bars are two more product categories that Silver.com sells but which are neither coins nor bars of any type.

Additionally, consumers can get fair and reasonable prices when selling their bullion or coins to Silver.com. When you phone Silver.com and come to a sale price, that price is after that secured, regardless of fluctuations in the metal’s spot price.

Investment and Storage Services

This wide selection of products made from precious metals is only some of what Silver.com has to offer its consumers.

The option to form a precious metals IRA and the opportunity to keep the bullion in a secure location are two additional crucial services the company provides to investors and collectors.

Precious Metals IRA

You can create your self-directed IRA on Silver.com, finance it to whatever extent you see fit, and then buy IRA-acceptable precious metals to fill the account.

A few of the several qualifying IRA custodians that Silver.com collaborates with include The Entrust Group, Inc., The Goldstar Trust Company, New Direction IRA, Inc., and Self-Directed IRA Services, Inc.

Once formed, the IRA offers a variety of tax advantages that make investing particularly alluring. For more information, go to Silver.com or call them for a consultation.

Storage Options

Silver.com collaborates with businesses that can store your bullion if you wish to buy a sizable quantity that you find difficult or impossible to keep on your own.

Be warned that investors can only become tax-approved once they deposit their metal in an authorized depository.

Silver.com may put consumers in touch with either the First State Depository Company, LLC, or the Delaware Depository Service Company if they want to keep precious metals with them.

Taxes, Fees, and Shipping

Most orders placed with Silver.com are delivered to the customer on the same day. If you select to pay for your order with a check, the only exception to this rule is that it will happen.

Then, from the day the check is deposited until the day the order is sent, it will take 4-6 business days. Orders under $199 will incur a flat shipping fee of $7.99; orders over $199 will receive free shipping.

Silver.com will send your items via UPS or the US Postal Service, depending on the shipping method it determines to be more effective. For all orders worth more than $1,000, signature verification is necessary.

Orders currently leave Las Vegas, Nevada, and shipping schedules will change. However, once an order has been dispatched, it usually takes 1 to 4 business days to arrive.

Currently, Silver.com assesses and gathers sales taxes on purchases made from 46 states and the District of Columbia. Only the states of Delaware, Montana, New Hampshire, and Oregon do not apply.

If you order and reside in one of those states, you are responsible for covering the state sales tax. You will be responsible for paying the applicable state’s sales tax if the bullion is going to be kept in a condition other than where you currently reside.

Each state will have its tax information. Thus, check out the specific directory on Silver.com for specifics.

All products on Silver.com are reasonably priced, but the amount you pay above the spot price will change according to the payment option you select.

The least expensive payment methods are checks and wire transfers, while PayPal and credit card payments have the most excellent rates, and Cryptocurrency sits in the middle.

Ratings, Complaints Reviews, and Overall Trustworthiness

Accredited business rating agencies have given Silver.com mostly positive assessments, although direct client feedback on the company needs to be more consistent.

Silver.com’s accreditation from the Better Business Bureau is upheld, with an overall score of 4.7 out of 5. Trustpilot, a website for business reviews, gives businesses an overall rating of 3.2 out of 5.

An even worse rating of 1.96 out of 5 is displayed on the business review website SiteJabber.

Some customers allegedly received orders that broke. Others, however, said they needed help getting the business’s customer care department to react to their inquiries for shipment details.

Customers can purchase a wide range of goods on Silver.com for relatively low prices, but they must exercise considerable patience while waiting for their orders to arrive.

FAQs

What numbers should you dial if you wish to work with Silver.com?

Call 1-888-989-7223 to place a general order or to create a precious metals IRA. Call 1-866-898-4805 to sell your precious metals to Silver.com. Representatives of the company are accessible Monday through Friday from 8:00 AM to 6:00 PM Central Standard Time.

What kinds of gold are sold by Silver.com?

Silver, gold, platinum, palladium, and copper bullion are all available on Silver.com as coins or bars in various sizes and purity levels. Additionally, it offers bullion for sale in the shape of numerous statues of gold or silver.

What forms of payment does Silver.com accept?

Payment methods accepted by Silver.com include credit or debit cards, paper checks, eChecks, bank wire transfers, PayPal, and either Bitcoin or Ethereum.

Is the shipping from Silver.com insured?

Yes. Silver.com’s internal insurance policy covers every order, which stays hidden until it is delivered and received by a recipient’s signature. Silver.com guarantees to look for the order if it is lost or stolen in transit.

If not, the business promises to give clients refunds or new orders.

Pros and Cons of Silver.com

Pros                                       

  • There is a vast selection to pick from, especially in silver.
  • Prices are often marginally lower than those charged by rivals for identical goods.
  • Cheap shipping is available.
  • Offers storage and investing services conveniently in one location.

Cons                             

  • Customers have complained about frequent, severe shipment delays and sporadic arrival of damaged goods.
  • The customer service staff reportedly needs to answer requests, especially regarding shipping.
  • Only the United States is eligible for shipping.

Final Thoughts – Silver.com Review

Although Silver.com is a legitimate business and is not a scam, we do not advise doing business with them.

When it comes to investors who want to safeguard their funds with a precious physical metals IRA, you don’t want to risk it; there are many better solutions for those wishing to buy precious metals in cash. There are a lot better businesses that are suggested.

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