1 Kilo Silver Bars
One kilo silver bullion bars (32.15 oz) are very popular because they fit nicely between the 10 and 100 ounce bar in size and value.
Most kilo bars have rounded edges and display the hallmark of the refinery at the top of the bar. The weight of the bar (32.15 oz) is clearly marked, as is its purity (.999+). Many will also display a unique serial number stamped into the bar to provide additional security.
If you have questions about these bars, please contact support.
More silver bar delivery options:
10 Oz Silver Bar | 100 Oz Silver Bar | 5 Oz Silver Bar | 1000 Oz Silver Bar
Specifications
Silver content: 32.15 Troy Ounces
Purity: .999+
Dimensions: vary
History of the Silver Bar
Silver, as a precious metal, has a history that dates back thousands of years. Ancient civilizations, such as the Egyptians, valued silver sometimes even more than gold. This was due to its rarity in certain regions. By around 300 B.C., silver began to be standardized as a form of currency, marking its importance in trade and wealth accumulation.
Silver bars, specifically, have been used as a means to store wealth for over 4,000 years. Their popularity surged in the 1980s, making them a preferred investment in the commodities market. Today, with advancements in minting technology, acquiring pure silver in the form of bars has never been easier.
Why Buy 1 Kilo Silver Bars?
Advantages
Low Premium Over Spot: One of the primary reasons many investors gravitate towards 1 kilo silver bars is the relatively low premium over the spot price of silver. Unlike intricately designed coins, these bars are often simpler, leading to lower production costs and, subsequently, lower premiums.
Convenient Storage: Storing large amounts of silver in coin form can be cumbersome. However, kilo silver bars, with their uniform shape, make stacking and storing a breeze. This convenience often translates to reduced storage costs, especially for those investing in bulk. Obviously buying from OWNx gives you the added ease of onsite silver storage, should you prefer it.
Classic Look: There's an undeniable aesthetic appeal to a stack of gleaming silver bars. Their classic look has been a symbol of wealth and prosperity for ages. While they might lack the intricate designs of some coins, their simplicity is often their charm.
Disadvantages (if not using OWNx)
Resale Challenges: Unlike popular silver coins, which are easily recognizable, bars might pose some challenges during resale. Fortunately, all OWNx bars come with clear markings of authenticity to mitigate this.
Quality Concerns: The market is vast, and not all mints uphold the same quality standards. Some might cut corners, leading to bars that are less than perfect. It's crucial to purchase from reputable sources like OWNx to ensure the quality of your investment.
Types of Kilo Silver Bars
When diving into the world of kilo silver bars, you'll encounter two primary types: minted bars and cast bars. Each has its own advantages and unique characteristics.
Minted Bars: These are produced by cutting blanks from a sheet of silver and then stamping them with the desired design. They often have a sleek, polished appearance and might feature intricate designs.
Cast Bars: Produced by pouring molten silver into molds, cast bars have a rustic charm. They might not be as polished as minted bars, but they often appeal to those who appreciate their raw, unrefined look.
Popular brands like Scottsdale Mint and PAMP Suisse offer a range of kilo silver bars, each with its unique features. For instance, the PAMP Suisse logo is a mark of quality and authenticity in the precious metals world.
Investing in Kilo Silver Bars
When it comes to investing in precious metals, kilo silver bars offer a unique proposition. Here's a deeper dive into why and how to invest in these bars:
Comparison with Other Precious Metals
While gold often takes the limelight in the precious metals market, silver offers its own set of advantages. Silver is more affordable, allowing new investors to enter the market without a significant initial investment. Moreover, silver has diverse industrial applications, from solar panels to electronics, ensuring consistent demand.
Factors to Consider When Buying
Purity: Always ensure that the bar you're purchasing is of high purity, typically .999 fine silver. This ensures you're getting the best value for your money.
Reputation of the Mint: Brands like PAMP Suisse, Valcambi Suisse, and Scottsdale Mint have established themselves as leaders in the industry. Buying from reputable mints ensures the quality and authenticity of your bar.
Price: While kilo silver bars generally offer a lower premium over spot, it's essential to shop around and compare prices to ensure you're getting a good deal.
Storage: Consider how you'll store your bars. While they're convenient to stack, ensuring they're kept in a safe, dry place is crucial to maintain their condition. By using OWNx you can choose to take delivery of your kilo silver bar when it is most convenient and keep the equivalent value in our secure depositories until then.