10 Oz Silver Bars

Investing in 10 Oz Silver Bars: A Comprehensive Guide to Buying, Storing, and Selling Silver Bullion

When people start investing in precious metals such as silver (in the form of 10 oz silver bars), gold, platinum, palladium, or rhodium, it can seem intimidating with lots of varying information online and between companies. Money Metals Exchange is here to help you weigh your options.

Investing in precious metals has many ways, including bullion rounds, coins, junk silver dimes and quarters, statues, bars, and more. Unfortunately, many beginners get duped into buying so-called rare coins, only to find out at the time they most need the cash they are only able to get the melt value of the expensive coin as opposed to some extravagant numismatic coin collecting price.

When investing in precious metals it is important to consider the weight of the metal and its respective melt value as opposed to the highly speculative value presented by a coin dealer. Buying into the rare coin precious metals industry is much like investing in the art world and gambling on a modern art painting. It’s even worse when the person investing knows little to nothing about what they are investing in, and the price is so astronomical that very few people would actually want to buy it.

Not only are most rare coins overpriced with calamitous premiums but they are also not likely to provide a return on investment for many years to come, if ever. Instead of wasting hard-earned money on unsound coin investments that tend to be illiquid assets, go straight for the essential crux of the matter and invest in precious metals as a hedge against inflation.

Bullion bars are much more cost-effective, have lower premiums, and are straightforward investments made solely for the melt value as opposed to the subjective aesthetic appeal and sellability of a rare coin only a few people are aware of.

10-ounce silver bullion bars, like those offered by Money Metals Exchange, are a category of silver that brings together the best of all worlds: lower premiums, convenient size, and an excellent store of value.

Because of their size and more widely shared intended purpose, these 10 oz silver bars are typically offered at a discount premium, enjoy lower upfront costs, and are relatively easy to sell on the secondary market suggesting higher returns later on. 10-ounce silver bars are considered highly liquid. Liquidity refers to how easily or quickly the investment can be bought or sold on the secondary market.

Types of 10 oz Silver Bars

There are two main types of 10 oz silver bars consisting of poured and minted silver bars. These can be generic or brand-name silver bars. A number of companies will try to sell one over the other.

For instance, they may suggest a hand-poured silver bar is artisanal so they tack on a higher premium. Or, they may declare a name-brand minted bar is limited with its serial number so it will be worth more being there are fewer numbers of them. Avoid the high premiums and gimmicks!

99% of the time, when it comes time to sell your silver bullion bars, the company and people buying your silver bars are likely to only offer around the melt value, or the spot silver price, at the time of the new sale as opposed to other subjective factors.

In order to make the most from your silver investment, only buy silver bars for their silver content with low premiums, and not for other speculative features such as whether it is poured, minted, generic, brand name, or what art or serial numbers it may have.

Another thing to keep in mind with either poured or minted silver bars is their stackability. If space in a vault, safe, or elsewhere is limited, different sizes and brands of silver bars may not stack well with one another.

Poured Silver Bars

10 Oz Poured Valcambi Bars

Poured silver bars, also known as cast silver bars and sometimes as ingots, are made by hand pouring molten silver into a mold or cast, letting it cool and set to the given shape, and this creates a unique bar. Each poured silver bar has slight natural differences in shape, but the weight and purity should remain the same.

An easy way to recognize poured silver bars is by noticing a structural softness with orange peel textured patterns on the surface, and with rounded edges.

Minted Silver Bars

Minted silver bars, sometimes known as pressed bars, are pressed and stamped from a sheet of silver. Each shape and inscription is sharp and precise, the edges are clear-cut, the surface is tidy without serious errors, and the overall look of a minted silver bar is clean. Each piece in a series of minted silver bars looks identical, and the weight and purity remain the same.

An easy way to recognize minted silver bars is by noticing the precise structural soundness with clean surfaces and straight edges.

Who makes 10 oz silver bars?

There are many brands that make silver bullion bars. Companies from all over the world including the United States, Canada, Australia, Britain, Italy, Austria, and more, make silver bullion bars. Here are some of the companies and refineries that have or currently mint, pour, or refine silver bars, in no particular order:

Money Metals Exchange

Sunshine Mint

Asahi Refining

Johnson Matthey

Australia’s Perth Mint

Royal Canadian Mint

OPM Metals

Republic Metals Corporation

ITALPREZIOSI S.P.A.

PAMP Suisse / MKS PAMP SA

Geiger

Valcambi

MintID

Engelhard

Pyromet

What is the weight of the silver 10 oz bars?

Precious metals and gems are not weighed in standard ounces. Instead, they are weighed in what is known as Troy ounces (t oz & oz t). The etymology of the word Troy comes from the 16th-century town of Troyes, France, which was a central trading hub that standardized the weight of silver to 480 grains of barley.

Weight (Scales)

One Troy ounce is equal to 1.09714 ounces, or 31.1035 grams. A standard ounce is equal to 28.3495 grams. This makes Troy ounces nearly 10% heavier than a standard ounce, or 2.754 grams heavier than a standard ounce.

Be extremely cautious when purchasing silver bars, and make sure the seller is not cheating by offering products weighed in standard ounces as opposed to Troy ounces.

A 10-ounce silver bar, properly weighed in Troy ounces as is often rightfully assumed in the precious metals industry, should weigh 0.685714 pounds, 0.311035 kilograms, 10.9714 standard ounces, or 311.035 grams.

What is the purity of the silver 10 oz bars?

When referring to the purity of silver, or the silver standards, this is known as the millesimal fineness. In the silver bullion bars, there are three levels of millesimal fineness to consider: .9999, .999, and .925. Whereas there may be other levels of silver purity, these are the silver standards for the vast majority of ten-ounce silver bars. Only the .9999 and .999 fineness silver bars qualify for a self-directed precious metals IRA (individual retirement account).

.9999

“Four Nines,” also known as 9999, or .9999, is a silver with 99.99% pure silver. These pure silver bars tend to have a slightly higher premium than other bars. You may hear someone say, “Four Nines, Fine.”

.999

“Three Nines,” also known as 999, or .999, is a silver with 99.9% pure silver. These bars are usually the best deal when it comes to calculating the amount to purchase and then the amount to resell later for the most profits. You may hear someone say, “Three Nines, Fine,” or, “If it’s nine-nine-nine, you are fine-fine-fine!” The difference between the three-nines and the four-nines is not enough of a difference for investors to concern themselves with. Both the .9999 and the .999 are investment-grade and are both nearly 100% pure silver.

.925

Sterling silver, also known as 925, or .925, is 92.5% pure silver and is generally used for jewelry purposes. However, there are some silver bars available on the market that include sterling silver millesimal fineness.

Coin Silver & Others

Coin silver is another type of silver that is usually around 90% pure silver, and this is what makes up most junk silver today. There are several other levels of silver purity in the coinage metals industry. However, it is not likely that you will purchase a coin silver bar, or any other level of fineness aside from the silver standards .9999, .999, or .925.

How do you store your 10 oz silver bars?

There are many ways to store your silver. Of course, there are also better ways to do that than others. Consider things such as safety, security, and short and long-term costs.

Home Safe

A home safe can be purchased for a reasonable price while keeping your precious metals and 10-ounce silver bars safe and secure from thieves or losses. Try to get a safe that can be into concrete.

Money Metals Depository

With Money Metals Exchange silver investors and collectors can store their silver bars with confidence in this state-of-the-art facility based in Eagle, Idaho, USA. Our white-glove secure storage services provide top-tier protection and peace of mind for our customers. This special care is offered at extremely competitive, low prices, and ensures all of your stored precious metals are safe.

The Money Metals Exchange Depository consists of only UL Class 3 vaults and all of our protected inventory is fully insured by Lloyd’s of London.

Where to Buy 10 oz Silver Bars

Money Metals Exchange offers a wide variety of silver bars ranging from 1-ounce, 5-ounce, 10-ounce, 50-ounce, 100-ounce, and 1000-ounce silver bars. When you are ready to invest in a 10 oz. silver bar, check out the Money Metals site to find the 1 silver bar price. These bars can be shopped for on our website or by calling one of our friendly customer service representatives or helpful precious metals experts at 1-800-800-1865.

Selling 10 oz Silver Bars

When it is time to sell your precious metals, it is important to get the most out of your investment from people you trust. Money Metals Exchange has been in business since 2010, has maintained an A+ rating with the Better Business Bureau (BBB), and has received countless numbers of positive reviews from customers around the United States (US).

Money Metals Exchange pays competitive pricing for precious metals of all types, including your 10-ounce silver bars. There may even be times when Money Metals Exchange will pay higher than melt value on your 10-ounce silver bullion bars!

You can get your silver bars sold on our Money Metals Exchange website or by calling one of our friendly customer service representatives or helpful precious metals experts at 1-800-800-1865.