If you are planning on buying silver coins, you need to monitor the current price of silver and know the cash price of silver on a daily basis, as silver prices can fluctuate significantly. You want to buy when the price is low. Before making your first silver purchase, watch the market for a week or two so that you get a sense of what is a good price. You can also sign up for coin auctions and other precious metal auctions online, where you can monitor auction prices and jump in for a purchase when you feel the price is right. Sign up on more than one online auction site so that you get a good feel for the range of prices out there.shipping charges that you would have to pay for buying silver coins online. In general though, the large size of the online silver market means that you can usually find great deals there.
Another good way to start out small with junk silver coins, without committing a large sum of money up front, is to just purchase rolls of coins from your bank and look through them for coins that were minted in 1964 or earlier. These are usually ninety percent silver. Half-dollars minted between the years 1965 and 1969 contain forty percent silver and are considered quite valuable. You can use the remaining coins for your daily transactions or just take them back to the bank.