Top Silver Bars To Buy
Silver bullion bars are available in a range of sizes and weights. Some of the most popular formats are 100 ounce bars, 1kilogram bars and 1,000 ounce silver bars.. Although smaller formats like 1 ounce bars and 10 ounce silver bars are also available.
top silver bars to buy
The millesimal system is used to depict the purity or fineness of the silver. For example, using this system 99.9% silver means that there are 999 parts silver, per 1,000 parts. In contrast, sterling silver consists of 92.5% silver, and 7.5% other metals, usually copper. In this instance sterling silver, the highest purity in silver jewellery is described as having 925 fineness.
Investing in silver bullion bars or coins has a lot of the same benefits. Both offer the opportunity to hedge against risk, protecting your wealth, as well as offering potentially attractive returns for investors. But whether you opt for silver bars or coins will depend on your individual investment goals.
Silver bars have the distinct advantage of having a lower premium, as opposed to coins. Because bars take less time and effort to produce, dealers will charge a lower premium. The larger the bar format, generally the lower the percentage premium.
However, one important consideration when buying silver bars is that when you come to sell your silver bar you cannot sell part of a bar. Therefore, smaller format bars may be more suitable for smaller investors or for those wishing to realise part of their investment.
Silver bars have repeatedly demonstrated their ability to provide significant value to investors and have historically been a popular and attractive investment. The primary reason investors add silver bars to their portfolio is for wealth protection, hedging risk and potential attractive returns. Many consider silver to be an effective way to protect your wealth. Silver, like gold, performs better than traditional financial assets during times of uncertainty, such as war, inflation and currency crises.
While it is possible to take delivery of silver bars and store them yourself, most clients do not generally take this option as it becomes very expensive due to the application of VAT / TAX to their purchase.
As a result, most clients opt to have their silver bars stored on their behalf at a high security, specialist, private vault. Storing silver in a vault in this manner can ensure its integrity and authenticity as it remains within what is known as the chain of integrity. Removing a bar from the chain of integrity will require that the bar is retested to ensure its purity and authenticity when you wish to sell it. This will incur additional costs and delay the selling process.
Storing silver bars in a specialist private vault within the chain of integrity may not only stop the application of VAT / TAX to your investment but also ensure access to greater liquidity and a faster sales process.
All Scottsdale Mint products are 100% guaranteed in their purity, weight and content of precious metals. As one of only a few operating mints in the United States, Scottsdale Mint prides itself on offering the highest quality gold and silver on the market. If you have any questions or concerns about any products on our site, you can contact customer support for friendly and knowledgeable assistance.
It is possible to track the value of your 10 oz silver bar through reliable websites like SilverPrice.org or through the investment portal of your choice. You are also welcomed to reach out to your customer service representatives to better understand the value of your silver and gold investments.
The best 10 oz silver bar to buy will depend entirely on your budget and your preferences. If possible, you might invest in a few different silver bar styles, so you can get a better feel for what investments make the most sense for your lifestyle.
We at Scottsdale Mint are partial to our own branded silver bullion bars, particularly our chunky 10 oz silver bar. Because we mint our products ourselves, we can be certain of the high purity and quality of our silver, and we will offer higher buyback rates for our own products.
You can also find secondary market silver bars on our site. These are previously owned silver bars, which can range in condition from like-new to slightly flawed, and they are sold by weight. If you are interested in selling your 10 oz silver bar back to Scottsdale Mint, you can contact our customer support for buyback pricing and other services.
Ordered on Jan 31 during the silver rush, got them a few weeks later. Packaging was discrete, no clinking, no scratches & very shiny. Weight was good, slightly over even. Did I mention shiny? Yeah I think I did. Will do business again.
Silver bullion comes in all shapes and sizes. When purchasing silver, investors can choose from coins, bars, and fractionals at varying levels of fineness. That being said, is there any form of bullion that has a significant advantage over the other?
Regardless of the type of silver bar you purchase, you can rest assured that the refinery producing it uses .999 or .9999 pure silver content. Most silver bars, though not all, come with an assay card that authenticates the individual product and verifies its weight, purity, and content.
A key factor in the decision-making process is no doubt price. Larger silver bullion bars will generally have a lower premium than bullion coins, especially when it comes to cast (poured) bars as these have the simplest manufacturing process out of all bullion products.
First carefully measured blanks are made from a large sheet of silver, or cut from a long thin extruded or cast bar. These blanks are then fed into a stamping or pressing machine, forcing the blank between two negatively engraved formers which imprint the blank with a pattern, edging, and a display of fineness and makers mark. Patterns can be simple or ornate and flat areas typically have a polished smooth appearance. Bar serial numbers are either engraved or stamped after minting.
Although the purpose of investing is usually buying as low as possible, premium manufacturers bars will typically be easier to resell in any market than generic and command a higher price due to their desirability, often higher than spot. Dealers will seldom offer anything at spot or higher for generic bars.
For minted bars on the other hand, damage can detract from value, because damage spoils the appearance in quite an obvious way, so even bars from premium manufacturers will only ever resell to dealers below spot.
The biggest risk in silver fakes is at the 50oz and 100oz end of the market. These ultra-realistic bars usually start off as genuine bars, which then have their core drilled out and the space filled with lead or a lead alloy. This filler has a similar weight to silver and so these can be very convincing both in terms of look, feel and weight.
In reality legitimate silver bars will always sell for more than spot due to the cost of mining, refining, minting, assay, certification, packaging, storage, insurance and transportation plus a small profit for the wholesaler. Once at the retailer or bullion broker there needs to be an allowance made for business and marketing expenses and another small profit.
Further price differences can be found between the silver bars from different mints with some of the most respected mints carrying a higher premium on a like for like basis than those from smaller, less well known mints or on generic unbranded bars.
Finally the costs in mining, producing and marketing a silver bar are nearly the same as those for a gold bar. In relation to the price of the metal this can be considerable, especially for smaller bars. This means silver premiums can be significantly higher than gold.
The most common sized bar for large scale bullion investment is the 1000oz good delivery bar. This is the silver bullion bar held by governments, national banks, institutional investors and the most wealthy.
European Investors more typically buy silver bars using the metric system (with an exception being the ever popular 1oz and 10oz bars) and the most commonly traded bars are 5kg (5000g), 1kg, 500g, 250g and 100g bars alongside the 1oz and 10oz.
As can be seen the most universal bar, popular with silver investors across the world is the 1000g/ 1kg kilo bar packing a good 32.15 oz of fine silver into a small, highly portable and easily stored unit.
Much like bar sizes, silver bar brand popularity varies by country although most investors in the West will be aware of the major brands across the US, Canada and Europe. Some European brands tend to carry a higher premium in America due to shipping costs and their comparative rarity.
The Heraeus precious metals refinery has been based in Germany for over 160 years and Nanjing, China since 2018. Heraeus produces a range of investment bullion bars from 0.9999 fine silver with cast bars being available in 500g, 1kg, 5kg and 15kg sizes and minted bars in 1oz, 100g and 250g sizes.
Ohio Precious Metals were an Ohio-based refiner and private mint, founded in 1974 and produced a wide range of popular bullion bars and rounds. At their height they were the largest American refiner of Good Delivery bullion products. After being taken over by NTR Metals / Elemetal, OPM were unfortunately caught up in a South American gold smuggling operation and closed down after the FBI jailed the ringleaders and lost their Good Delivery status. Despite this, OPM branded bars continue to be popular on the secondary market with the most popular sizes being their 1oz, 5oz, 10oz and 100oz bars, cast or minted in 0.999 fine silver.
Established in 886 The Royal Mint is the oldest refinery still in existence and is a government-owned mint producing coins for the United Kingdom. Alongside coins, The Royal Mint manufactures silver bullion bars, cast in 500g and 1kg weights or minted in 100g, 10oz and 100oz sizes, all in 0.999 fine silver. 041b061a72