1000 Oz Silver Bars - Coin Community Forum

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Author	Replies: 5 / Views: 1,112
Twentycent Valued Member United States 187 Posts	Posted 08/15/2005 12:36 am Do you own one? I was just looking at one on the web: www.nwtmintbullion.com/silver_bars_1000.php They're kind of ugly! They do mention the main reason for making them is for transport. They also mention the weight of a "1000 OZ" silver bar is normally 930 OZs to 1080 OZs. Jerry Report this Post to the Staff

catman Rest in Peace United States 954 Posts	Posted 08/15/2005 02:14 am The largest I ever owned was 500 ounces. Needless to say there is a very limited market for them. catman Report this Post to the Staff
Mike Rest in Peace United States 2884 Posts	Posted 08/15/2005 11:41 am Nice link to some info on silver investing and purchasing. Thanks Twentycent! Mike Report this Post to the Staff
national dealer Pillar of the Community United States 2724 Posts	Posted 08/15/2005 12:20 pm Here is their quote: 1,000-oz silver bars are ideal when large purchases are being stored in precious metals depositories. Silver bullion investors wanting to take delivery of their .999 fine silver should go with 100-oz silver bars or 1-oz silver rounds, both of which are easier to handle and store. 1,000-oz bars may also require assay when the customer decides to sell. This should tell you enough to know better than buying such pieces. Even at the hundred ounce level, it makes it tougher to move. Dealers look for the smallest premium possible on all levels above (single) 10 ounce pieces. Report this Post to the Staff
tradernick Valued Member United States 138 Posts	Posted 08/15/2005 9:06 pm Hah I like how their minimum order is 1 lol. I've had several of these over the years and they are indeed cost prohibitive. Most of the ones I've owned I've simply sent to the big ol scrap heap in the sky...er, the furnace. Usually the weight is an odd amount...993.8 oz or something similiar. They're easier to buy and sell than their smaller brethren in some ways. People who own 10 oz bars are quite proud of them and enjoy showing them off to friends, etc...but people who own 1k oz bars hate them because they are hard to lift/move, weighing in at about 70 pounds. Also, when you tell someone their bar is worth $6500.00 they're usually faster to take the money than if they had a $65.00 bar. I've only bought these from two types of people...folks who got them through an inheritance and others who purchased silver options and elected to actually take delivery of the silver, for whatever reason. Nick Report this Post to the Staff
zakgold Valued Member United States 382 Posts	Posted 08/16/2005 08:25 am The only silver bar that really caught my attention were ones recovered by Mel Fisher's crew from the Atocha. If you are ever in Key West, it is a must stop collectors to see some of these coins/gold/silver/emerals recovered from this wreck. The silver was more like blocks than bricks! Report this Post to the Staff
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