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Tips for Purchasing Silver Bars that Are Right for You

Tips for Purchasing Silver Bars that Are Right for You

With silver, coins and bars are the most popular forms purchased. For some bullion buyers, bars are more appealing, since they’re more affordable and easier to store. If you’ve opted to invest in silver bars, make sure to work with a reputable precious metals dealer, such as First National Bullion. Scottsdale collectors should take the following information into account when it comes to choosing the best silver bars.

Bigger Isn’t Always Better

Larger-sized bars aren’t always the best option when other factors are considered. For one thing, you’ll have limited resale options, since it’s more difficult to find buyers for larger bars. Also, buyers may require you to verify the purity of larger bars by having them assayed. This is a fair request, but it can slow down the resale process and leave you with a smaller profit.

Buy Based on Your Total Intended Purchase Size

A good way to determine which silver bars are best to buy is to figure out how much overall silver you wish to invest in at the moment. For instance, if you want to invest in a hundred ounces of silver, the best buy for you may be ten 10-ounce bars. The bars can easily be divided so you can sell only a few here and there and hold on to the others.

1 Kilogram Bars Are a Popular Choice

If you’re looking at what’s most popular with buyers to get a better idea of the best silver bars to purchase, 1 kilogram silver bars come out on top. According to the Gold Survival Guide website, which also focuses on silver bullion topics, this is likely because 1 kg silver bars allow for more diversity with a lower premium. You can also throw 10-ounce bars or other smaller bars into the mix if you want to diversify your investment in silver bars.

Silver Cast Bars vs. Silver Minted Bars

When silver is melted and shaped into a bar, it’s called a silver cast bar. A silver minted bar is still cast, but a striking process and other manufacturing steps are also involved. Because minted bars are typically produced in 1- and 10-ounce sizes, they tend to be more expensive than bars that are larger in size. For this reason, silver cast bars are the more popular choice between cast and minted options.

Opt for Quality & What’s Right for You

Ultimately, the best silver bars to buy are ones that fit your needs and investment goals. Serious buyers often prefer to mix up their silver portfolios with bars of varying sizes and values. This can be beneficial if you want more options for selling after you’ve completed your initial purchase. Also, pay attention to quality. Ideally, you want to buy silver bars that are:

• Stamped with the refiner’s hallmark
• Clearly labeled with the purity of the bar
• Stamped with the weight in grams, ounces, or kilograms 

When they’re looking for the best place to buy silver bars, Scottsdale precious metals collectors reach out to the trustworthy professionals at First National Bullion. We can answer all your questions and help you find all the information you need on how precious metals can be a valuable part of your portfolio. Give one of our experienced dealers a call today at 480-546-8928.

The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.