Silver Bar 1000 Ounce
| Weight: | Spot Price: | Buy Price: |
|---|---|---|
| 1,000.00 oz | $ 29,787.00 | $ 31,872.09 |
1000 Oz Silver Bars for Sale
1000 oz Silver bars are popular with silver investors and those seeking to own silver at low premiums and stored in secure vaults. They attract a much lower premium than smaller silver bars and coins and are particularly favored by pension, high net worth, family office and institutional clients.
The silver 1000 oz bar weighs just over 31.1 kilos, containing 31,007.2 grams of pure silver if the bar is .999 fine. A .9999 silver bar contains only a tiny amount more silver at 31,010.0 grams so that investors do not distinguish between 0.999 or 0.9999 silver bars.
Benefits of 1000 oz Silver Bars
- Silver bar has roughly 1000 oz (between 930 and 1,080) of at least 0.999 fine silver
- Silver bars from leading LBMA approved refineries
- Trusted refineries: Perth Mint, Royal Canadian Mint (RCM), Engelhard, Asahi, Johnson Matthey, PAMP, Heraeus, Metalor, Umicore
- Silver from GoldCore is sales tax-free in the U.S.
- Competitive pricing and premiums
- Insured, express delivery throughout U.S.
- Efficient for stacking and private silver bullion storage
- Store in high-security vaults in safest jurisdictions
- Private, non-digital, hack-proof, private proven safe haven
- Portable, internationally liquid form of financial insurance
How to Buy 1000 oz Silver Bars?
GoldCore selects its 1000 oz silver bars carefully from a handful of highly regarded precious metal refiners. We only sell silver bars from refineries that are members of the London Bullion Market Association (LBMA), the industry body that regulates production standards for larger (100 oz and 1000 oz) silver bars.
Buying 1000 oz Silver Bars is an easy and simple process. You can buy them online for Delivery or Storage using the BUY button or you can call our office to place your order over the phone.
We sell Silver and all major silver bullion bar and coin products and you can pay by bank wire, by credit card or by debit card.
We make a market in Silver bars and offer fully insured delivery to our American clients throughout the United States from our depository partner vaults in Delaware.
Insured delivery of Silver bars to homes or offices is not hugely popular but some clients do occasionally take delivery of some of their Silver Bars and own the rest in Secure Storage.
Most of our U.S. clients opt to store their Silver bars (particularly 1000 oz bars) in fully insured, offshore Secure Storage jurisdictions. We specialize in offering U.S. clients access to allocated and segregated bullion storage in secure non-bank vault partners in safer jurisdictions in the world such as Zurich, Hong Kong, London, and Singapore.
What is the Price of a 1000 oz Silver Bar?
The price of a 1000 oz Silver bar is shown in the upper right section of this page. The price of all silver bars is calculated using three components:
- Silver spot price is the price of an ounce of pure gold available for immediate delivery or delivery “on the spot’. It is typically determined by the best bid and offer for silver as offered by large bullion banks trading in real time throughout the world and quoted by data providers such as Thomson Reuters and Bloomberg.
- Weight and purity of silver. Most silver bars have a purity of 0.999 (purity) or 1000 ounces of pure silver in each bar.
- Silver bar premium is the percentage adjustment that is added or deducted from the silver spot price. The cost of production, refining, fabrication, minting, and the logistics of making silver bars available for sale in the United States determine the premium on silver bars. The price of a silver bar is also affected by supply and demand, as well as the number of silver bars purchased.
The price of the bar is calculated by multiplying the spot price of silver by the quantity of troy ounces in the bar (1000oz in this case), and then you can either add or subtract the premium that is currently being paid for the bar.
How are 1000 oz Silver Bars Made?
Silver bars are made in three different ways. Bars have a high-quality polished finish if they have been manufactured from larger silver sheets and then pressed and stamped by a minting process.
A cast bar is produced by pouring molten silver into a mold or die which then cools. The assay mark and description are then impressed into the front of the bar. These bars have a traditional bar look to them.
An extruded silver bar is made by heating silver metal and forcing it through a rectangular space. This creates a uniform length of the bar which is then cut and stamped with an assay mark.
Silver minted bars are made from silver blanks. Minting bars mean that the bars look better - allowing for special designs. It is more expensive and requires a little more time and therefore means that minted bars have higher premiums and are usually seen in smaller silver bars (1 oz and 10 oz)
Live Prices
| Order Value | Price | Premium |
|---|---|---|
| $ 0 - $ 156,999 | $ 31,872.09 | 7.00% |
| $ 157,000 - $ 234,999 | $ 31,797.63 | 6.75% |
| $ 235,000 - $ 431,999 | $ 31,648.69 | 6.25% |
| $ 432,000 - $ 627,999 | $ 31,574.21 | 6.00% |
| $ 628,000 - $ 1,014,999 | $ 31,499.76 | 5.75% |
| $ 1,015,000 + | $ 31,425.28 | 5.50% |
Who makes 1000 silver bars?
The London Bullion Market Association (LBMA), headquartered in the City of London, is an international industry association for gold and silver bullion. One of its primary functions is the maintenance of the Good Delivery List (GDL) for refiners of both gold and silver.
The GDL is a set of refining standards that refiners must meet and uphold in order for their good delivery bars to be accredited by the LBMA. Good delivery bar specifications only cover large bars. For silver, this is known as the ‘1000 oz silver bar’.
As a result, it is prudent to invest in a 1000 oz silver bar produced by a refiner on the LBMA's Good Delivery List, as these refiners are recognized and trusted in the market.. This is why GoldCore only sources 1000 oz bars from such refiners.
Perth Mint 1000 oz Silver Bars
The Perth Mint 1000 oz silver bullion bar is a cast bullion bar with tapered corners and a highly polished finish. The bar has a purity of 99.9% pure silver and is stamped with the Mint’s well-known Swan logo, which is also the Mint’s assay mark registered with the LBMA.
Large silver bullion bars are one of the most cost-effective ways of acquiring silver. The Perth Mint manufactures a range of silver bars in a range of sizes from 1oz to 1000oz.
The 1000oz silver bullion bars are stamped with The Perth Mint brandmark and include a serial number. Each bar is imprinted with a unique serial number as well as the weight ‘1000 ozs’ and fineness ‘999’. The Perth Mint bar is a sought-after investment product.
The Perth Mint is fully owned by the State Government of Western Australia. The company operates Australia’s only gold refinery and also produces legal tender gold and silver coins behalf of the Australian Commonwealth Government, and a range of silver and gold bar products.
The refinery is on the LBMA’s good delivery list for both gold and silver good delivery bars, and on the CME’s Comex approved refinery list for gold bars.
Royal Canadian Mint 1000 Silver Bars
The 1000 oz Royal Canadian Mint (RCM) silver bar is 99.9% pure silver. This is sometimes referred to as ‘3 nines.’
These largest of silver bars do not weigh exactly 1000 ounces. Rather the weight varies from 995 to 1,005 ounce. Each beautiful bar is struck with its unique serial number, weight, purity, and the RCM seal.
RCM silver bars are backed and guaranteed by the Government of Canada. 1000 oz. silver bars are COMEX acceptable/deliverable bars and are ideal when large purchases are being stored in precious metal depositories and secure international vaults.
The Royal Canadian Mint is a Canadian Crown Corporation whose sole shareholder is the Government of Canada. The Mint operates under Canadian legislation, and in addition to producing Canada’s circulating coinage, the RCM runs one of the world’s most respected gold and silver refineries in Ottawa, producing globally recognized high-quality bullion bars.
The Royal Canadian Mint was founded in 1908 in Canada’s capital city, Ottawa. The operated as the Ottawa branch of the Royal Mint until 1931 when it became known as the Royal Canadian Mint. It has been run as a Canadian Crown Corporation since 1969 and is fully owned by the Canadian Government.
After being closed for 23 years, the Mint’s silver refinery was reopened in 2006 following substantial new investment and now has a capacity of producing over 10 million ounces of silver per year.
The RCM is on the LBMA’s good delivery list for both gold and silver good delivery bars, and on the CME’s Comex approved refinery list for gold bars.
MKS PAMP 1000 Silver Bars
MKS PAMP is a precious metals group specializing in the refining and trading of physical precious metals. Founded in 1979 and based in Geneva.
The quality and authenticity of PAMP silver bars are verified by independent sworn assayers accredited by the Swiss Federal Bureau for the Control of Precious Metals (Assayer Fondeur).
1000 ounce silver bars are refined and made using the highest Swiss engineering skills at their modern, ‘state of the art’ refinery – the best assurance of consistent quality and excellence.
Standard hallmarks include country of production (Switzerland), weight, fineness, PAMP’s proprietary hallmark and ‘Assayer Fondeur’.
MKS is a member of the London Bullion Market Association (LBMA), as is its subsidiaries PAMP. PAMP operates in India through MMTC-PAMP, a joint venture between the PAMP and MMTC Ltd.
The MKS PAMP GROUP offers a comprehensive range of excellent precious metals products to accommodate every segment of the market, with particular emphasis on investment, jewelry, and industrial sectors.
The company specializes in the physical production of precious metals and logistics capabilities include a complete range of precious metals bars, of all shapes, weights, purities, and sizes (gold, silver and platinum group metals (PGM). It also produces precious metals coins, blanks and bullion bars for banks, financial institutions, governments and state mints worldwide.
PAMP is the world’s leading bullion brand, with dominant positions in the world’s major precious metals markets. Established in 1977 and based in Ticino, Switzerland, PAMP operates a state-of-the-art precious metals refinery and fabrication facility.
Johnson Matthey - Silver Bars 1000 oz
Johnson Matthey 1000 +/- oz silver bars remain popular with investors and like other silver bars provide the lowest price over spot for Silver. The bars range in weight from 930 to 1,080 and pricing is based on the exact weight of each silver bar.
Each bar is identified by the refinery with the exact weight in troy ounces, the purity of .999 fine Silver, and the refinery’s hallmark along with the unique serial number stamped on its surface.
These bars are the size smelters pour, and as each bar cools, they are weighed and stamped. These bars are less polished than their smaller counterparts, and generally, weigh between 930 and 1,080 ounces (approximately 70 pounds) on average.
Johnson Matthey has its global headquarters in Royston, Hertfordshire, just north of London. It is probably the oldest precious metals refiner in the world and can trace back its origins to 1817.
Johnson Matthey is a recognized refiner on the LBMA’s good delivery lists for both gold and silver, and the CME’s Comex approved refiner list for silver.
The company still refines silver in two of its refineries, namely Salt Lake City in Utah, and Brampton, Ontario, just outside Toronto.
Johnson Matthey was originally established in 1851 and traces its origins back to 1817. The refinery produced 1000oz bars at various times in the 1970s and 1980s but then halted production of the bar in the late 1980s, before starting to manufacture another version of the bar in approximately 2002.
Storing and Vaulting 1000 Silver Bars Internationally
Most silver investors and volume silver bullion buyers buy silver bars (1000 oz) for storage and do not take delivery and remove bars from the chain of integrity.
GoldCore offers our American clients large silver bars in fully insured secure storage facilities in safer jurisdictions such as Zurich, Singapore, Hong Kong, Perth, London, and Delaware.
Please Note - Bar Numbers and Brands
While all gold bars sold by GoldCore are from LBMA approved refiners and mints, the bars that you will receive may not necessarily be identical to those pictured.Additionally, if you are buying bars for storage, only gold bars with a weight greater than one ounce and silver bars with a weight greater than 100 ounces will have their bar numbers recorded on the vault system automatically. For all other bar sizes and formats, you can request for serial numbers to be added to your account. There will be an additional 1% charge added to the bar premium for this service.The brand names of the bars will continue to be added automatically.