Silver, a precious metal just like gold was used as a legal tender or as a trading commodity for thousands of years. Silver as a legal tender are manufactured by minting companies, either government or private and are produced in different forms like silver coins and silver bars or silver bullion.
Silver in the form of bullion bars are made by different manufacturers. These manufacturers’ usually private companies add a little profit in the production or minting of these silver bars. The target consumers of these companies are the precious metal investors, silver collectors and even the local populace.
There are several silver manufacturing companies that have reputable names when it comes to the production of silver. The following companies are the well-known and respected groups when it comes to silver bars/bullion production: Academy, Royal Canadian Mint, Ohio Precious Metals, Johnson Matthey, Wall Street Mint, Sunshine, Sterling Silver, US Assay , Engelhard and Silvertowne. Each of these companies has their own trademark or hallmark, own designs and different craftsmanship that are uniquely engraved on each silver bars.
Silver bullion bars are made from silver which differs from each other by the amount of silver content or purity, size, weight and of course the company that manufactured it.
Silver bars are usually made of .9999, .999 and .9995 fine silver. These numbers represents the purity or the content of silver in the bars. .999 for instance or usually called “three nine silver bars” was the standard of the industry since 1970. .9999 or “four nines silver bars” are the products of Royal Canadian Mint while .9995 or “three nines and a five” is the stamp of Ohio Precious Metal. These all refers that the bars were made with 99.9% of pure silver.
The size or weights of the silver bars are measure in Troy ounces and ranges from 1 ounce, 5 ounces, 10 ounces, 100 ounces, 1,000 ounces and even 5 kilos. The size of the silver bars depends on the investors or collectors discretion. Silver bars are made flat bars for easy stacking or storage. Some silver bars have their own serial numbers and some don’t have. Some bars are struck, some are extruded or poured and some are machine or computerized processed or cuts to ensure identical in size and shapes.
Looking SY current trends, silver is set to explode in price as it is currently drastically undervalued. This makes investing your money in silver bullion bars a great decision. We have 1 oz., 5 oz., 10 oz, and 100 oz. bars available for sale. We recommend that the smaller investor or collector starts with 1 oz. and 5 oz. bars and coins first and accumulate a sizeable amount before moving to larger bars. When the price of silver gets to where it should be, you will want smaller denominations for trading purposes.
Gold bullion is purchased in the shape of coins and bars. Gold bars are classified into two main categories one is cast and other is minted. Cast bars made by pouring molten gold into a ingot mold so as to shape the gold product. While as minted bars are made from gold blanks that have been hand cut for required dimension. Gold is measured in troy ounces, one troy ounce is equivalent to 31.1034768 grams. Buying gold bars are cheaper than buying gold coins. If you are purchasing gold bars, the purchase price will be 2% or even 4% above the value of gold content. In comparison of weights a large bar weighs more than 1000g while as a small bar weighs 1000 g or less. The purity in gold bars is marked in parts of gold per 100, 1,000 or 10,000 parts.
These bars are of different measures and are popular due to their high purity levels. Silver bars are available in one uniform shape that is rectangular shape. They are measured in one ounce, five, ten and hundred ounce. For silver bars the normal ounce is the Troy ounce that is the normal measurement for precious metals. After you purchase the silver bar, you need to store them properly. Either you can store them in bank or in your home. Bars are convenient way to invest in silver. Usually silver bars cost less than silver coins on a per ounce basis. Silver bars are also referred as silver ingot bars and they contain 99.99% silver.
How To Store Silver Bars:
For storing silver bars you need to clean each bar thoroughly that can be done by a soft cloth . Cleaning of silver bar is very important as they will lead to stain if preserved for longer time. For silver bars a safe location is required for storing purposes. If you want to purchase multiple silver bars, simply stack the bars side by side or on top of one another.
Silver bars are famous with collectors and investors for the silver content, portability and ease of storage. There are variety of silver bars designs available with hand-painted in complex detail. Silver bars are ideal for investors as they wish to purchase silver bullion in large quantities at a low premium to spot. These bars have deep history as a currency and store of value. In these days, silver is a primary industrial metal for use, however investment in silver bars continuing growing popularity. Silver bars and coins have become intensify common assets in investment portfolios.