1-oz Silver Bars
1-oz Silver Bars Overview
If you want to find inexpensive and easy way to invest in gold, silver and other precious metals you should first try investing in silver bullion bars. Investing in silver bars or silver ingots is a popular way of investing in bullion products. And 1-oz silver bars are the most inexpensive and versatile bars on the market.
1-oz silver bars (also known as 1-oz silver ingots) are produced by a number of refiners. Try to buy 1-oz silver bars from reputable refiners only: Pan American Silver Corp., Engelhard, Westminster Mint, Sunshine Mint, Northwest Territorial Mint, Johnson Matthey and A-Mark.
There are also generic 1-oz silver bars and art silver bars with various designs.
Facts about 1-oz Silver Bars
Every 1-oz silver bar has his weight, purity and hallmark stamped. The silver purity of 1-oz silver bars is 0.999.
Investing in 1-ounce Silver Bars
I recommend you include 1-oz silver bars in your portfolio.
Because of their size and shape 1-oz silver bars can be easily bought, counted, stored and sold. 1-oz silver bars are more popular because they have a smaller size than the larger 10-oz and 100-oz silver bars. The price of 1-oz silver bar equal to price of 1 oz of pure silver.
1-oz Engelhard Silver Bar
The premium over spot silver is lower for 1-oz silver bars than for 1-oz silver coins (Canadian Maple leaf coins or American Silver Eagle coins) or for 1-oz silver rounds like Engelhard Prospectors.
You can buy 1-oz silver bars on Ebay, Amazon or from online precious metals dealers. Try also COMEX, APMEX and MONEX.
The best dealers usually sold 1-ounce silver bars sealed in plastic sleeves for protection your bars.
Selling 1-oz Silver Bars
There are no problems with selling 1-oz silver bars made by Johnson-Matthey, Westminster Mint, Engelhard, Pan American Silver and other major silver bullion refiners.
If you want to sell yours bars I recommend you sell them on Ebay. There are big demand for silver bullion on Ebay. And you can sell your bars at maximum price. Try also Amazon or other online auctions.
You can also always sell yours 1-ounce silver bullion bars to local silver dealers, coin dealers or jewelry shops.
I’m not sure about buying on ebay. Even without all the scammers, it is easy for consumers who are not familiar with buying silver bars to get confused regarding the different purities of bars and silver’s volatile spot price.
Personally I would recommend newbies to buy from some of the refiners you mention such as Sunshine Mint. Not really any point holding out for bars like Engelhard. By the time you get your hands on one, the silver price may have hit the roof already!
Why are Pan American Silver Corp. silver 1oz bars marked 1 Troy ounce when in fact they only weight 28.53 grams instead of 31.1 grams.