Constitutional Silver: MCM vs APMEX | Silver Unboxing

Constitutional Silver: MCM vs APMEX

Constitutional Silver or silver that counts among 90% silver that is referred to as “junk silver” by those who don’t know better, needs no introduction here. What needs an introduction here is which precious metals dealer offers the best deals overall when it comes to buying 90% silver in the form of Constitutional Silver, ModernCoinMart (MCM) or APMEX? 

mcm vs apmex

ModernCoinMart (MCM) recently added a refreshing selection of 90% silver in the form of Constitutional Silver items to their inventory. This made me wonder how MCM stack up against APMEX in this regard. It should be no secret after all that these two count among the cream of the crop when it comes to U.S. precious metals dealers as can be seen in more than one bullion dealer comparison and/or review. To keep it fair, I decided to do a like-for-like comparison by taking price and other data from the respective websites at the same time. This was done on 09/18/2014 between 01:30 and 01:35 ET.

For those of you not familiar with the term Constitutional Silver, it is used to refer to silver, mostly Dimes, Quarters, Half Dollars and Dollars that contain 90% silver, which is differentiated from other forms of 90% silver by the fact that it is authorized by the US Constitution. It is seen by many patriots as “the last form of US currency to follow what the Constitution mandated.”

Now while the respective prices are certainly not set in concrete and will most likely differ from prices taken now, it can certainly too some extent provide one with valuable insight into which of the two companies offers the best deals on 90% silver in the form of Constitutional Silver. In addition, I’ve only used the purchase of one bag and/or roll at a time in my comparison. This is to keep it relatively straightforward and uncomplicated. It is also a fact that most silver stackers and/or investors will only buy one bag and/or roll at a time. It should also be mentioned that all of the coins mentioned in the comparison are of average circulated condition.

So with the above in mind, I included the limited selection of data obtained, in no specific order, in the tables below (best prices and/or deals are displayed in bold):

Table A1

Table A2

Kindly Note: Prices not live or current. Prices taken on 09/18/2014 between 01:30 and 01:35 ET.

Credit card prices as per the table above:

$5 Face – Mercury Dimes: MCM offers the best deal. You save $11.63

Mercury Dimes 1

$100 Face – Mercury Dimes: MCM offers the best deal. You save $12.53

Mercury Dimes 3

$10 Face – Walking Liberty Half Dollars: MCM offers the best deal. You save $16.58

Walking Liberty Half Dollars 1

$100 Face – Walking Liberty Half Dollars: APMEX offers the best deal. You save $16.41

Walking Liberty Half Dollars 2

Wire prices as per the table above:

$5 Face – Mercury Dimes: MCM offers the best deal. You save $11.17

$100 Face – Mercury Dimes: MCM offers the best deal. You save $6.02

$10 Face – Walking Liberty Half Dollars: MCM offers the best deal. You save $15.63

$100 Face – Walking Liberty Half Dollars: APMEX offers the best deal. You save $22.07

Thus, in comparison to what APMEX has to offer, it should be clear that MCM overall offers the best deals on 90% silver, Constitutional Silver or junk silver. The only instance where APMEX offers a better deal is on bags of $100 Face – Walking Liberty Half Dollars. In both instances the conclusions are true for both credit card and wire prices. Now of course nothing is set in concrete here and the following must be taken into account:

1. Live Pricing: It is no secret that the prices of 90% silver have live pricing enabled. This means prices continuously update with up-to-the-minute market conditions. Thus, don’t use the price data in the above comparison(s) as a measure of exactly what you will pay at the respective precious metals dealers now.

2. Published Price Matching Policy: MCM will match or beat a competitor’s price as per their published pricing matching policy. This while, as far as I know, APMEX has no published pricing matching policy in place. Thus, while it was not taken into account when the above comparison(s) were made, it can certainly make a huge difference. Needless to say, it would be wise to contact MCM before buying from APMEX, because there is a real possibility that MCM may match or beat APMEX’s price on an item (and vice versa).

3. Other factors: When it comes to deciding which precious metals dealer offers the best deal or the best value for money, you have to look beyond the prices and shipping cost charged. These are of course important factors to consider, but you also want to consider factors such as experience and size, customer service, consumer protection, payment methods, returns & cancellations, etc. The bullion dealer comparisons and/or bullion dealer reviews at Bullion Dealer Reviews and Compare Bullion Websites take these factors into account. You may want to give it a read-through before making the next purchase, because the best prices may not always equate to the best deals.

4. Volume Discounts: Both MCM and APMEX give volume discounts. This can also impact on the results of the above comparison(s) made.

Now while the above is by no means extensive, it should give the prudent silver stacker, collector and/or investor valuable insight that can be used as a point of reference. I mean, how many of you knew for one that MCM offers Constitutional Silver or 90% silver for sale? In fact, how many of you knew that the 90% silver they offer is overall cheaper than what APMEX has to offer? Well, that for one certainly changed today. The best of all, unlike with APMEX, you know exactly who you are doing business with… to give you an idea: About MCM This is a huge plus in my opinion.

Disclaimer: I have not been paid by any of the above companies to make the above comparison(s) and/or to come to the above conclusions. I have done it primarily to help stackers, collectors and/or investors to make informed decisions when it comes to buying Constitutional Silver or 90% silver from the top companies in the industry, where the greatest number of people stand to benefit.

SD Bullion

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