BullionMax offers a variety of 1 oz silver bars available for purchase online. These silver bars are one of the most popular denominations for investors and collectors, often referred to as “silver stackers”. Bars are preferred by many because of the ease of storing and transporting, and with a 1 oz weight, you can carry significant value for your bartering needs. This makes bars a very popular and convenient form of silver bullion.
Types of 1 oz Silver Bars
Most silver stackers won’t be overly concerned with the type of bar they’re getting into, and people are generally most concerned about price and quality. However, there are a variety of silver bar types, each with its own unique advantages and traits.
Traditional Cast
Cast silver bars are made the way you might picture people making metal bars in the early days of metallurgy. Lots of melted metal poured into molds and cooled. This process makes every bar unique because the cooling process will bring subtle, unpredictable patterns and textures to the bar. The finished product is then stamped with weight and purity information as well as whatever logo or design elements the refiner wants to include. This gives traditional cast silver bars an industrial and uniform look, yet each one is subtly unique upon close inspection. Because these bars are produced quickly without a lot of fancy frills, they typically carry a lower premium, making them preferred among value investors.
Hand-Poured
For people after something truly unique, hand-poured silver bars is the way to go. With hand-poured bullion, no two are alike. You’ll still get the full value and quality of the precious metal that goes into the bar, but the bar’s design itself is not precise, so each will carry some unique features of its creation. Hand-poured silver bars are usually less industrial looking because each one has an actual human being overseeing and involved in the process. Any added information or design elements will have an almost “artisanal” quality to them because of the care and artistry that goes into each bar, rather than the quick stamp of a conveyor belt-fed machine.
Minted
A minted silver bar will be just about an exact replica of any other of the same design. These bars are created through high-precision machinery which ensures the design is replicated across each bar perfectly. While cast bars have a more rugged look and feel to them, a minted silver bar will be much cleaner and more polished in its appearance. However, the process is more intensive than traditional casting, which will typically be reflected in a higher premium.
Popular Designs
In general precious metal, bars are not as well known for their designs as coins and rounds might be, but this doesn’t mean there aren’t some great bar designs available to collectors. While many investors are only interested in the precious metal content, collectors may be drawn to particular designs and historically significant bars.
SilverTowne Buffalo Silver Bar
One of the most iconic coin designs in American History is the “buffalo nickel” which features a design of a Native American man on one side and the American buffalo on the other. Through the years, this historical coin has been referenced in gold, silver and platinum bullion and one of the most popular modern representations is the 1 oz buffalo silver bar from SilverTowne Mint.
SilverTowne American Flag Silver Bar
Many silver stackers love patriotic themes with their bullion, and there’s not much more patriotic than Old Glory herself. The 1 oz American Flag silver bar from the SilverTowne Mint is another popular silver bar for American collectors. It features the American Flag on one side, complete with all 50 stars, and laurel leaves framing a clean empty space on the other side where a custom engraving can be added.
JBR Silver Bar
When it comes to getting a simple chunk of silver, the JBR 1 oz silver bar is a favorite of our customers. The bar features a very unassuming JBR logo along with basic bar information on one side, but the other side features a collection of British iconography, such as bobby hat and a double-decker bus.
Perth Mint Kangaroo Silver Bar
The Perth Mint is certainly famous for its unique Australian Animals coin series, and the most iconic of the Australian animals is the kangaroo. That is probably why the kangaroo is featured in the gold and silver bars from the Perth Mint as well. Silver bars from the Perth Mint feature its beautiful swan logo along with bar information on one side and a simple pattern of leaping kangaroos covering the other.
Perth Mint Dragon Silver Bar
Few things are as cool as a dragon, and the gold and silver dragon bars from the Perth Mint have been very popular among collectors. The bar features an incredibly intricate dragon design that covers the full face of the bar. The other side features the late Queen Elizabeth II.
If the design isn’t a concern to you, BullionMax offers the option to buy generic silver bars too.
What Are 1 oz Silver Bars Worth?
As with any bullion, the value is in the precious metal content. Like with gold, the price of silver is generally based on a 1 oz weight of it, which means that it is easy to understand the value of a 1 oz silver bar because it would be equal to whatever the current price of silver is. BullionMax tracks the price of silver and other metals at the top of our website for your convenience.
When it comes to purchasing precious metal, though, you will almost always have to pay what is called a “premium”, sometimes referred to “premium over spot price” with spot price referring to the value of the precious metal content. The premium is used to cover the costs involved in creating and selling bullion, sort of like a transaction fee you might expect when using a credit card or cryptocurrency. The metal has a value on its own, but the metal also has to be extracted, refined and distributed. So the premium covers that overhead. Some items, particularly those like coins and rounds that have intricate designs and other factors involved beyond their precious metal content, will have higher premiums. Generally bars have some of the lowest premiums when it comes to purchasing precious metal.
There are other unique considerations that could influence a product’s premium, though. For example, any bullion with some historical significance or rarity could have a greater premium because they may be in higher demand for reasons other than their precious metal content. If you get your hands on a beautiful silver dragon bar from the Perth Mint, sure you could melt it down and cash in the value of the silver, but many collectors would be willing to pay extra because of the dragon design and limited mintage by the Perth Mint.
Of course, when it comes to bartering with silver bars, the value is whatever the interest parties can agree upon. In these cases people may forgo premium considerations all together or even under- or over-value the metal content for the sake of convenience or closing the deal.
Purchase 1 oz Silver Bars for Sale at BullionMax
BullionMax is a trusted, self-service online store that makes it easy for customers like you to find and buy a variety of precious metal products from the comfort of their home. We accept payment through check, credit card, PayPal and even cryptocurrencies. We're also available over the phone Monday through Friday from 9:00 AM to 8:00 PM ET at (800) 729-3202. Customer service is always a top priority, and we're happy to help with all your bullion buying questions. Online checkout is safe and secure, and we have a competitive buy-back program available all our BullionMax customers.
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