COMEX 1000 oz Silver Bar

1000 oz Silver Bars (LBMA/COMEX Good-Delivery)

With the supply strain in the silver markets, some dealers have begun buying COMEX good delivery bars as a way to meet the demands of large investors and cut out the private mints from adding any additional markup.

Good Delivery poured bars offer a way to make a large investment in physical at the lowest possible premiums without going through the hassle of buying a futures contract and taking delivery.

Institutional-grade “Good-Delivery” silver cast bars are produced by LBMA-accredited refiners and accepted on COMEX/LBMA wholesale networks. Each bar is stamped with a unique serial number, refiner registered hallmark, fineness, and its exact weight. Good-Delivery bars are not a uniform 1,000.00 troy ounces; they typically range ~750–1,100 ozt and are invoiced to the stamped weight.

Specifications

• Purity: minimum .999 fine silver
• Typical weight: ~930–1,050 ozt (final price uses the bar’s stamped troy-ounce weight)
• Approx. mass/size: ~31.1 kg / 68.6 lb; dimensions vary by refiner; cast finish (uneven surfaces and cooling lines are normal)
• Markings: refiner logo, serial number, fineness, exact weight, often year/assayer mark
• Origin: LBMA Good-Delivery refiner (COMEX-approved brands)
• Use cases: Investment allocation, industrial feedstock, depository transfers

This is typically the lowest-premium way to own a very large amount of physical silver without opening a futures account or arranging exchange delivery.

Why investors choose 1000 oz bars

• Lowest per-ounce premium: Wholesale form factor cuts out retail fabrication costs found in 1–100 oz products.
• Recognized in global settlement: Good-Delivery bars are the standard unit for vault transfers between refiners, banks, and industrial users.
• Direct ownership: Allocated metal you can audit by serial number with no counterparty claims on the bar you hold.

Important considerations

• Liquidity is “wholesale,” not retail: Many local coin shops do not handle 1000 oz bars. Expect to sell through a bullion desk, refiner, or depository; payouts are typically near spot with modest handling/assay fees.
• Weight variability: Bars are sold to the stamped weight, not a flat 1,000 ozt. Your invoice reflects that exact weight × price/oz ± premium.
• Handling & storage: At ~69 lb, these bars require safe lifting and robust storage. Most buyers use a licensed depository (segregated or allocated). Home storage is not recommended for safety/insurance reasons.
• Shipping: Freight or armoured transport with full-value insurance and adult signature. Residential delivery may require liftgate service.
• Assay/acceptance: Good-Delivery bars rarely include paper COAs; authenticity is established by serial, hallmark, and accepted-list checks. Some buybacks may require a simple density/XRF verification.

FAQs

Q: Do these qualify for precious-metals IRAs?

A: Many custodians allow 0.999 silver bars from approved refiners. Check your plan’s rules; most require the bar to remain in an IRS-approved depository.

Q: Will I get exactly 1,000.00 ounces?

A: No. Good-Delivery bars are cast to range. You’ll see the exact weight stamped on the bar and used for billing and future resale.

Q: Can I cut a bar to sell part of it?

A: Don’t. Altering a Good-Delivery bar destroys its wholesale integrity and can force a full re-assay. If you need flexibility, allocate part of your position to smaller bars or coins.

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