Bar sizes are typically one-ounce, 5 oz., 10 oz, and 100 oz. There are also large 1000 ounce bars. Smaller bars actually cost more per ounce because the fabrication costs are higher per ounce of metal. It is more cost effective for mints to produce larger bars, and as a result, they cost less per ounce. However, larger bars may be somewhat difficult to handle or store.
By simply opening up a new plan with a self-directed IRA provider, you own physical silver inside of your retirement account. Precious metals can be purchased in various types of IRA plans including Simplified Employee Pension plans (SEPs), Roth plans, and more. Keep in mind, you cannot add coins you already own to the IRA. And so-called “collectible” coins cannot be purchased or held by your IRA. Otherwise, account holders can deposit funds and direct the custodian to buy any bullion product. American Eagles and shares of silver miners are also allowed. A silver IRA is also a tax sheltered method to get direct exposure to the precious metals. To learn more about gold and silver IRAs, contact Money Metals Exchange at 1-800-800-1865.
PAMP Suisse is, without question, the world’s most popular precious metals brand. Formed originally in Ticino, Switzerland in 1977, today it is part of the MKS Global financial services and precious metals firm based in Geneva, Switzerland. The most popular product from the refiners at PAMP Suisse is the lineup of Fortuna silver bars. Available in sizes ranging from 1 Gram all the way up to 1 Kilogram, there is no silver bar lineup more diverse and inclusive of all investors than the Fortuna Silver Bar. The following are some of the popular weights from the mint:
JM Bullion is proud to offer a vast array of silver bars from mints, both private and sovereign, around the globe. It’s impossible to highlight them all in one page, but in the following sections you’ll see a little sneak peek of some of the most popular products we have in stock at the moment, broken down by the popular mints responsible for the refining of each product.
On the other hand, investors and collectors alike may find the allure of cast or hand-poured bars too much to pass up. Countless refineries still use these traditional techniques to create bars with little flair to the design, but the same purity and value as any other silver bar. Now, it’s important to realize that not all cast or hand-poured bars lack flair. Refineries such as the Atlantis Mint and Monarch Precious Metals in the United States pride themselves on producing hand-poured, hand-stamped silver bars with designs that ensure no two bars in the same series look exactly the same.
1 Kilo Elemetal Silver Bar: The Elemetal Mint logo on the obverse face resembles the infinity logo, which is created through the fusion of the letters “E” and “M” which come from the first letter of each name. The bars are struck with sharp edge and a rectangular shape, which make them the perfect addition to your IRA as they can be easily stacked and stored.
Another consideration is brand loyalty. If you prefer bullion products from a specific mint, you may wish to buy bars from the same mint. For example, individuals who admire Canadian Silver Maples may also enjoy silver bars made by the Royal Canadian Mint. Buying silver bars also gives you the opportunity to explore products from private mints like PAMP Suisse, Engelhard, and Geiger.
For those who prefer not to hold actual silver or gold, precious metals can be purchased through exchange-traded funds (ETFs) but this should not be considered as safe as owning actual bullion directly because of the counterparty risk involved in ETFs. Silver is an especially attractive investment option because it is used for many traditional industrial purposes, ranging from electrical appliances to solar panels and even clothing. Gold has a few industrial uses but is usually considered a luxury purchase, such as gold jewelry. Owning both of these precious metals is a good way to balance an investment portfolio. You can start off wit U.S. Mint gold coins, then work your way up to ther forms of gold bullion.
Silver bars come in a wide array of sizes. There’s no wrong choice to make when buying silver bars. The most popular weights tend to be 1 Troy oz and 10 Troy oz. There are numerous reasons behind this, including the variety of designs and styles available in these weights, as well as the affordability of silver in each weight. Additionally, smaller silver bars such as these are easier to store and resell when needed. However, there is also value in buying larger silver bars such as 25 oz, 50 oz, 100 oz, and even 400 oz bars.
As alluded to above, there are varying styles of silver bars for sale that you’ll come across as you look to invest. Minted ingots are a popular choice among investors for numerous reasons. A minted ingot starts as a long cast silver bar which is fed into a stamping press. This computer-controlled press will precision cut each bar to an exact size and weight, and then stamp a design into the bar. Some minted ingots have exciting designs, while others bear only important markings. Minted ingots are a top pick for investors because of the precision involved and the assayer’s guarantee backing the weight, purity, and metal content of each bar.
Mexican Silver Libertad: Mexico’s official silver bullion issue, the Silver Libertad coin has a design taken from Mexican history that dates back two centuries. First used during Mexico’s revolution against Spain in the 1820s, Winged Victory appeared on Mexican coinage first in the gold Centenario. Today, she is the leading lady in the design of the Mexican Silver Libertad bullion coins from the Mexican Mint.
Canadian Silver Maple Leaf: The official silver bullion of Canada, the Royal Canadian Mint set an impressive standard when it introduced the Silver Maple Leaf in 1988. Though it debuted after the American Eagle and Chinese Panda coins, it was the first and remains one of the few to use .9999 pure silver content. You’ll also find greater variety in the Silver Maple Leaf Series, with privy-mark coins available and unique series such as the Wild Canada collection.
British Silver Bullion: The Royal Mint of England produces some extremely popular silver coins right now. The Silver Britannia is the nation’s official bullion coin and was introduced in 1998 with the iconic image of Britannia. A national symbol in Britain, Britannia watches over the island nation’s shores to defend against invaders. The newer Silver Queen’s Beast collection features the nation’s first-ever 2 oz silver bullion in a 10-design series.
The American Silver Eagle coin is as well-known as the famed gold Krugerrands minted at the South African Mint. As legal tender coins, they can technically be used as currency as well as for investment purposes. Buy silver eagles online or by phone (Call: 1-800-800-1865). The United States government mint American Eagles as an investment, including American Gold Eagles. They are also collectibles that can be used as a reward, gift, or incentive. Each American Eagle contains, at least, one troy oz of 99.9% pure silver. The notable design on its obverse is based on the “Walking Liberty” half dollar created by Adolph A. Weinman in 1916. The best way to store Silver Eagles is to use monster boxes.