When starting to invest in silver and gold bullion many new investors are confused by all the different products.
Many new investors go all in on government silver coins like the American Silver Eagle or the Silver Canadian Maple Leaf. It is a good idea to have a core foundation that contains government bullion.
They are the most widely recognized silver bullion coins in North America. That makes them one the most liquid silver investment options.
Where do you go once you’ve built a foundation around Silver Eagles or Maple Leafs?
One path many investors take is to begin buying silver bars to add to their portfolio. Ten ounce silver bars are an optimal size and weight.
Several international sovereign mints produce 10 oz silver bars. The most notable are the Britannia Series 10 oz Silver Bar from the Royal Mint and the Royal Canadian Mint 10 oz Silver Bar.
The premiums on government minted silver bars are generally higher than private mint.
There are a lot more buying options available when shopping for private mint silver bars.
Ten ounce silver bars are the ideal investment for a variety of reason.
- Size – In general, most ten ounce silver bars are roughly 3.5 inches by about 1.75 inches and about 1/2 inch thick. The specific dimensions will vary from mint to mint. The dimensions of most bars of this weight from the Silvertowne Mint are 76.2 x 38.1 x 11.1 mm. Similar to the size of a deck of playing cards.
- Stackable – 10 ounce silver bars are easy to stack in a discrete, small amount of space. The Scottsdale Mint “Stacker” 10 oz silver bar may be the ultimate in stackable silver. These bars are slightly thicker and have a smaller length and width.
- Lower dealer premium – When it comes to premiums on silver bars, the 10 ounce size sits at a sweet spot. As bars get larger in size, the premium per ounce typically gets lower. Secondary market bars often have the lowest premiums.
- Free Shipping – Many online bullion dealers offer free shipping above a certain threshold. The minimum purchase amount for free shipping for some dealers is as low as $99 to $199.
- Easy to sell – Unlike larger size bars such as those that weigh 100 ounces, 10 ounce silver bars are easy to sell close to spot price. Secondary market ten ounce silver bars are one of the most popular items available today.
10 ounce silver bars are produced by all of the major private mints. They are sold by all of the online trusted and reputable bullion dealers.
Where to buy 10 ounce silver bars
10 ounce silver bars can be bought from nearly all of the trusted online bullion dealers. They are one of the most common size bars produced by private mints.
You can buy 10 ounce silver bars online.
Generic Silver Bars vs. Brand Name
Most online bullion dealers sell both generic 10 ounce silver bars and specific brand named silver bars. The term generic silver bars is a bit misleading though, as these bars are manufactured by a major mint.
Dealers use the term generic silver bars to identify silver bullion bars that have been acquired on the secondary market. Oftentimes these bars may be older, have some tarnish and scratches and will have been bought from private individuals. Dealers usually have random inventory of these bars so they are offered at a discount compared to named brand silver bars. Generic or secondary market silver bars will alway contain at least .999 pure silver.
The premium on buying random manufacturer generic silver bars will usually cost less per ounce than those that are sold as new.
Most times it will be cheaper to buy a 10 ounce silver bar than it will to buy 10 individual 1 ounce bars.