|Weight:||Spot Price:||Buy Price:|
|1,000.00 oz||£ 16,443.78||£ 17,759.28|
Buy 1000 Oz Silver Bars
What are 1000 oz Silver Bars?
1000 oz Silver bars are popular with silver investors and those seeking to own silver at low premiums and silver stored in secure vaults. They attract a much lower premium than smaller silver bars and coins and are particularly favoured by pension, high net worth, family office and institutional clients.
The 1,000 oz silver bar weighs just over 31.1 kilos, containing 3,107.2 grams of pure silver if the bar is .999 fine. A .9999 silver bar contains only a tiny amount more silver at 3110.0 grams so that investors do not distinguish between 0.999 or 0.9999 silver bars.
What are the Benefits of Investing in 1000 oz Silver Bars?
- Silver bar has roughly 1,000 ozs (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
- Most competitive pricing and premiums in UK
- Insured, express delivery throughout UK
- 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 1,000 oz silver bars carefully from a handful of highly regarded precious metal refiners. We only offer silver bars for sale from refineries which are accredited to the London Bullion Market Association (LBMA) which remains the leading industry body that regulates production standards for the larger ( 100 oz and 1,000 oz ) silver bars.
Buying Silver Bars (1,000 oz) 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 British clients throughout the UK from our depository partner vaults in London and Zurich.
Insured delivery of large silver bars to homes or offices is not popular but some clients do occasionally take delivery of some of their Silver Bars and own the rest in Secure Storage.
Most of our UK clients opt to store their silver bars (particularly 1,000 oz bars) in fully insured, offshore Secure Storage jurisdictions. We specialise in offering 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 Silver bar (1,000 oz) 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 silver 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 1,000 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 premium on silver bars is determined by the costs of production, refining, fabrication, minting and the logistics of making the silver bars available for sale in the U.S. The price of a Silver bar is also impacted by supply and demand and the amount of bars of silver being bought.
In order to determine the price of a Silver bar, simply multiply the spot price of silver by the number of troy ounces in the Silver bar (1,000oz in this case) and then add or subtract the current premium 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 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)
|£ 1,000 - £ 109,999||£ 17,759.28||8.00%|
|£ 110,000 +||£ 17,649.70||7.33%|
The History of 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 ‘1,000 oz silver bar’.
Therefore, in selecting a 1,000 oz silver bar for investment, it is prudent to invest in a bar that has been produced by a refiner who is on the LBMA’s Good Delivery List, since these refiners are recognised and trusted in the market. This is why GoldCore only sources 1,000 oz bars from such refiners.
Perth Mint 1,000 oz Silver Bars
The Perth Mint 1,000 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 1,000oz.
The 1,000 oz 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 on 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 refiners list for gold bars.
Royal Canadian Mint 1,000 oz Silver Bars
The 1,000 oz Royal Canadian Mint (RCM) silver bar is 99.9% pure silver. This is sometimes referred to as ‘3 nines.’
These largest silver bars do not weigh exactly 1,000 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. 1,000 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 recognised high quality bullion bars.
The Royal Canadian Mint was founded in 1908 in Canada’s capital city, Ottawa. It 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 1,000 oz Silver Bars
MKS PAMP is a precious metals group specialising in the refining and trading of physical precious metals. Founded in 1979 and based in Geneva.
The quality and authenticity of PAMP silver bars is verified by independent sworn assayers accredited by the Swiss Federal Bureau for the Control of Precious Metals (Assayer Fondeur).
1,000 oz 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, jewellery and industrial sectors.
The company specialises 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 - 1000 oz Silver Bars
Johnson Matthey 1,000 +/- 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 recognised 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 1,000oz 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.
Most silver investors and volume silver bullion buyers buy silver bars (1,000 oz) for storage and do not take delivery and remove bars from the chain of integrity.
GoldCore offers our UK clients large silver bars in fully insured secure storage facilities in safer jurisdictions such as Zurich, Singapore, Hong Kong, London and Perth.
Please Note - Bar Brands
While all silver 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.