Buying Silver Coins in Wholesale Quantities on Our Markets
To ensure that our markets are able to offer highest level of liquidity and yet still maintain a wholesale aspect, a balance needed to be struck relating to the size of unit contracts available for trading.
Silver coins are packed at their respective mints in large boxes commonly referred to as a 'Monster Box'. The number of coins held in monster box depends on the mint of origin, but it typically contains several hundred coins.
The coins inside each monster box are themselves packaged into blocks of coins. For example, a monster box of American Silver Eagles holds 500 coins that are held in 25 tubes, with each tube holding 20 coins.
It is these smaller packs / tubes that are traded (bought & sold) on our global markets. The rationale being that smaller investors may not be able to afford a monster box and those looking for large bulk purchases wouldn't be interested in managing individual coins.
However, you will find the smaller sizes don't penalise investors wanting to buy larger quantities of silver coins as our premiums are low and we probably have the smallest price spread in the precious metals industry. So in effect, buying silver coins in their packs will not be more expensive than had we sold you them in monster boxes.
The reason for this is that the Allocated Bullion Exchange priority for liquidity is greater than the need for a large product range.
If you want to buy larger physical units of silver, we have many types of silver bars available worldwide too.