Silver Bars for Sale at Low Premiums: The Best Way to Buy Silver

Contents [show]

• Silver Bars Are the Best Bargain Among Silver Options
• Silver Bar Size Comparison
• 1 oz Silver Bars
• 5 Ounce Silver Bars
• 10 Ounce Silver Bars
• Kilo (32.151 ounce) Silver Bars
• 100 Ounce Silver Bars
• 1000 oz COMEX Approved Silver Bars
• What To Look For When Buying Silver Bars

Fractional silver bars are the traditional way to invest in this well-known precious metal. For over four thousand years, silver has been a renowned store of value that was also used as a form of money. While the silver standard for money is no longer prevalent, silver bars continue to be a global standard for investors buying silver bullion.

Buying silver bars at the lowest possible premium makes them the best bet for investors simply looking for the most silver for their money. A silver bar costs less for mints and refiners to produce than smaller fabricated rounds and coins. That means savings for investors who want to stack them.

Smart consumers are also buying silver bars as an investment to hedge against inflation and protect future wealth. The goal is to buy silver at low prices, hold it as a form of savings and investment, and eventually investors will want to start selling silver bars at a high price.

Silver bars can also be part of an investment portfolio in the form of a precious metals IRA. This option is perfect for the investor who is looking to diversify their portfolio with physical precious metals. The various options available for silver bar sizes ensures that the portfolio is not too heavy with large silver Bullion or too light with small bars.

 Silver bars range in size from 1-ounce all the way up to 1,000 troy ounces. The 10-ounce and 100-ounce bars are perhaps the best options as those sizes provide the best overall values. The varying sizes make it easy to store the physical bars in durable safes because they can easily be stacked on top of another reducing the space requirement. Silver bars may be the way to go if room in a safe is limited.

Silver Bars Are the Best Bargain Among Silver Options

Unlike collectible silver coins, the silver bar industry is straightforward. The value is dictated by the purity and weight of the silver bars. We generally do not recommend paying a higher premium when buying silver bars that are produced by any specific “brand name” producer. We also do not recommend paying extra for bars with a serial #. It just isn’t going to matter much to dealers when it is time to re-sell so the extra premium may be wasted. As long as the silver bar is in good marketable condition, carries a stamp with its weight and purity, and is made by a recognized producer, little else matters.

As long as the silver bar is in good marketable condition, carries a stamp with its weight and purity, and is made by a recognized producer, little else matters.

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Most investors should steer clear of buying 1000 ounce exchange sized silver bars. For one, these bars are incredibly cumbersome to handle. They are expensive and difficult to ship. And selling 1000 ounce bars requires dealers to automatically issue a 1099B on the seller (unless the seller exchanges it into another form of silver instead of taking cash).

Perhaps most importantly, sellers of these 70+ pound silver bars will typically find dealers significantly discounting the buy-back price. Many small dealers avoid them altogether as they will not be able to readily re-sell bars that size. And larger dealers with quality control programs will buy these large bars but send any that come from outside the COMEX chain of custody to be melted and assayed. The purchase price will be discounted accordingly. Many of the exchange sized bars we buy come from investors who are unhappy with holding them and looking to swap them for smaller, more convenient and more liquid forms of silver.

Silver Bar Size Comparison

Money Metals Exchange offers silver bars for sale from the most prominent mints and refiners in North America, including:

• Republic Metals Corporation
• Sunshine Mint
• Johnson Matthey
• Australia's Perth Mint
• Royal Canadian Mint
• Highland Mint
• OPM Metals

We recommend investors buying bars to choose from the sizes below and avoid "off-weight" sizes. They are likely to be discounted or harder to sell later on.

What To Look For When Buying Silver Bars:

• When it comes to pricing, knowing the value of the brand, versus a generic silver bar, matters. Though the purity of silver makes the bars worth the same amount per ounce, keep in mind certain brands cost more to purchase. The reputation of companies and the availability of their products should be taken into consideration. Also, certain designs are only made by specific manufacturers of silver.
• To ensure lasting value, smart buyers often purchase silver bars that come from the most reputable mints and mines. Mint silver provide bars that are fully marked with a recognized manufacturer, weight, and purity will always be easiest to resell and will bring the best price.
• Avoid off-weight bars. Many older silver bars were poured, weighed and then marked with whatever the scale read. Dealers can’t buy them and easily resell them, so they will generally be sent for melt stock and discounted accordingly.
• Serial numbers on bars won’t add much value when you are ready to sell, so we don’t recommend paying extra premium to get serialized bars.
• Modern bars up to 10 ounce in size are sealed in plastic by the manufacturer. It is best not to remove the plastic as it will prevent tarnish and improve marketability later on.
• Larger bars should offer you savings. Absent savings, we always recommend buying a smaller sized product. The option to trade in small units is always nice to have.

Buy your silver bars with confidence from Money Metals Exchange. We specialize in the most cost-effective, most liquid bars produced by some of the largest and well regarded mints and refiners in the US. You can lock pricing for US gold mint and silver then purchase them online anytime. Or give us a call at 1-800-800-1865. We will be happy to answer your questions or take your order by phone.