Guide for buying silver bars in Australia
Silver bars come in two different forms: cast silver bars and minted silver bars. As the name suggests cast silver bars are rough poured into a metal casting. The majority of silver investment bars sold across the world are cast silver bars. They typically have the lowest silver price premium to spot. The silver bullion weight and purity are accurate but the finish can be variable with small imperfections. In contrast minted silver bars are aesthetically pleasing with a high quality coin like finish. They are produced from rolled silver sheets and pressed into shape with extreme weight. Due to the additional processing, minted silver bars sell for a small premium over cast bars. They also come in premium security card packaging. As a general rule silver bullion bars above 1kg will be cast and below will be minted. In Australia, the two main selling cast bars are the Suisse PAMP 1kg silver bullion bar and the Perth Mint 1kg silver bullion bar. The Suisse PAMP 1kg silver bullion bar meets international standards and therefore comes with assay certificates and individual serial numbers stamped on each bar. The Perth Mint 1kg silver bullion bar is produced primarily for the Australian market so does not have international accreditation, assay certification or serial numbers. The top selling silver minted bar is the Suisse PAMP 1oz silver bullion bar.
Silver bullion bars can be purchased in a variety of sizes and weights, ranging from one ounce minted bars to 1,000 ounce cast bars. All BULLIONMARK silver bars are 999 purity or above.
It seems entirely rational that when buying silver bullion you should seek to obtain the most silver bullion you can get for the lowest silver price. Broadly this is true but there are some important considerations before you go and buy silver bullion in the low premium 1000oz bar form:
Available in 1oz, 10oz and 1kg
From Geneva, Switzerland, PAMP Produits Artistiques Metaux Precieux (artistic, precious metals products) is the world's leading independent refiner of precious metals. Known as the "Rolls Royce" of bullion, PAMP is the world leader in London Good Delivery bullion, the benchmark in international tradability. PAMP bars have an unparalleled finish and shine, and come with certificates of authenticity. These bars are perfect for the serious investor.
The Suisse PAMP 1kg cast silver bullion bar is our top selling silver bar. These LMBA accredited bars come with and assay certificate, are stamped with serial numbers (ideal for SMSF investors) and come in convenient stackable plastic cartons of 15 silver bars.
Small minted bars produced by PAMP Suisse provide retail investors with a great alternative to silver coins. They have a high quality finish and added collectability with unique designs including the world famous Fortuna decorative motif. Each bar is individually packaged in a tamper proof security card with serial number and assay certificate. They come in storage trays of 25 silver bars.
Available in 10oz, 1kg, 100oz and 1000oz
Opened in 1899 the Perth Mint is Australia’s oldest mint. It has an international reputation for the highest quality gold and silver coins. Its wholly owned affiliate, Perth Mint refineries (also known as AGR Matthey) produces a range of gold and silver bullion bars sold in the domestic Australian market.
Please feel free to contact us or call 1300 600 629 for more information about buying silver bars.