1 oz silver

1 oz Silver

Silver is sold by the troy ounce because it is a widely accepted unit of measurement for precious metals. The use of troy ounces to measure silver dates back centuries and is deeply ingrained in the precious metals market.

The troy ounce is a convenient and practical unit for measuring silver for several reasons:

Historical Tradition: The use of ounces to measure precious metals, including silver, has a long history dating back to ancient civilizations. It has been used in trade and commerce for centuries and continues to be the standard unit for precious metal transactions.

Investors Losing Confidence in the US Mint, while Coin Minting Reports $171 Million Net Loss

Keeping up with investors demand has been a difficult task for the US Mint. The pandemic lockdowns caused a total shut down of mint operations, forced mine closures and caused other widespread disruptions throughout industrial supply chains.

Problems for the Mint only got worse as investor demand for bullion investment coins skyrocketed because of the pandemic. For a few months, the minting of Silver Eagle coins was secretly shifted to the Philadelphia Mint for the first time in history as backorders began to pile up.

Silver Institute Report Shows Strong Demand Across All Supply Chains

Silver coins on the background of the growth chart

Investor demand continues to drive up prices for physical silver bullion. Supply chain disruptions at the start of the pandemic led to depletions of wholesale and retail bullion inventories resulting in the prices of physical bullion become far removed from following the paper price.

The US Mint continues struggling during periods of high demand due to ongoing supply chain issues plaguing domestic planchet suppliers.

Storing Silver at Home

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It is a good idea when storing silver at home to be prepared range of possibilities. It doesn’t take very long to fill a box or small safe with shiny metal.

So when you are investing in a safe it is a good idea to plan ahead. A good home safe can be a significant investment that you don’t want to find yourself repeating every six months to a year.

Demand for Silver Eagles Spikes, Along with Premiums

The US Mint continues to be slow and unable to meet investor demand.
The failures of the Mint and their planchet suppliers have led directly to significant increases in dealer premiums in recent weeks. This week, the lowest dealer premium for silver eagles is more than 60% over spot price.
Some dealers, such as APMEX and JM Bullion are currently selling silver eagles with premiums at over 88% above spot price.

Several Dealers Increase Order Minimums and Shipping Times

APMEX, JM Bullion, SD Bullion and Money Metals Exchange have announced temporary changes to order and shipping policies upon an increase in order volume in recent weeks amidst the ongoing banking crisis. While premiums on silver eagles have recently risen back above 50% per coin. Lower premiums are available for other sovereign bullion coins such as Britannia, Kangaroo and Philharmonic.

SD Bullion Updates Shipping Times, Raises Order Minimum to $500

Current backlog for some orders is reportedly extending out 7 or more business days. In addition, they are temporarily limiting new orders to over $500.

Money Metals Exchange has also stated that customers should expect order delays of up to an additional 1 to 2 business days.

Intaglio Mint Silver Rounds

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The Intaglio Mint creates unique and thoughtful designs that inspire thinking. The latest silver bullion medals are available with incredible high-relief compositions that are minted in limited quantities of pure .999 fine silver.

2023 Germania Silver Rounds

2023 1 oz germania silver round obverse

The current year premier series from the Germania Mint depicts Germania as a brave woman that is the guardian and protector of her nation.

  • Minted from .9999 fine silver (99.99% pure)
  • comes secured in a detail magnifying lenticular protective capsule
  • Minted in four sizes 1 oz,
    2 oz, 10 oz, and 1 kilo