Buying silver rounds from Bullion Exchanges provides investors with a great option to invest in silver bullion without having to pay exorbitant premiums. The value is passed along to the buyer who is able to purchase silver of the highest content and purity. Silver rounds are customarily minted in one-ounce sizes. Private mints and bullion companies produce silver rounds. It is important to note that silver rounds are not the same as silver coins because they do not hold legal tender status and are used primarily as a means of investment or for collections. Silver rounds feature a wide variety of images and designs that cover everything from holidays to animals and everything in between.
Bullion mints manufacture coins, rounds, and bars. The history of coins ties in closely with the history of mints. The first coins were hammered and production was slow and difficult. Now these sophisticated industrial facilities can produce hundreds of millions of coins, bars, and rounds. The minted silver coins are used for investment and currency purposes.
For millennia, silver in the form of coins, bars, and rounds has been used as currency all around the world. Silver is tangible, finite, portable, and divisible, making it an ideal form of money that can hold its’ value over time. It has strong industrial uses and often outperforms gold in bull markets. For these reasons and many more, we believe silver may be the best investment opportunity of our times.
Silver bars provide an investment option that is comparable to buying silver coins or rounds, but in a larger, rectangular form. The silver bars offered at Provident all consist of at least .999 fine silver and are manufactured by both sovereign and private mints that assure quality and metal purity. For this reason, these products are eligible for most precious metals IRA accounts.
There is only one essential component that leads people to purchase silver bullion: Price. Silver spot prices move every day. The spot price of silver is driven by the going rate for the metal figured per troy ounce. Bullion Exchanges offers live feeds of the market, as well as, graphics of the historical evolution of silver prices, from a microscopic view of one hour, up to a year - providing our customers with precise information to make the best decision when buying silver bullion.
1 oz Silver Bar: Each 1 oz Geiger Silver Bar is composed of one troy ounce of .999 pure silver. Customers will note the extraordinary detail of the Schloss Guldengossa, a Baroque castle located outside Leipzig, Germany. The castle is rendered with considerable artistry as evidenced by the minute detail of the windows and brickwork of the structure. The reverse side is inscribed with the name of the mint as well as its one troy ounce weight.
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.
SilverTowne Silver Bars: SilverTowne is one of America’s most prominent private mints and offers a variety of silver bars for sale. The most popular design from SilverTowne is its Prospector logo, but other options include American Flag designs, an American bald eagle, and even retro versions of its popular Prospector on as a landscape orientation rather than portrait.
Investor demand is surging. From 1990 to 2005, investors had been net sellers of silver. In 2006, we witnessed what appears to be a major sea change in the market. The public again became net buyers. In 2014, demand for American Eagles soared to a record-high of more than 44,000,000 coins – a number that would surely have been higher if demand had not completely overwhelmed the government-run Mint's production capabilities at times. Other government and private mints around the world have been cranking out coins, rounds, and bars at record-setting levels.