Why Buy 10 oz Silver Bars?
10 oz silver bars are a preferred investment option for savvy investors who want to place their hard-earned dollars in a tangible asset. Silver is a well understood investment vehicle, with stable returns over a long period of time. Compared to gold, silver prices are more volatile, which gives investors more opportunities over time to buy or sell for a profit.
A 10 oz silver bar has two advantages over one-ounce bars and one-ounce coins. The first advantage is that 10 oz bars have lower premiums. Silver premiums on 10 oz bars can vary, but APMEX often has sales that bring the premiums below 10%, giving our bargain seekers the opportunity to acquire silver at a lower cost and resell in the future when the silver price goes up. If you were to compare the premiums on one ounce silver bars and silver coins, you would find the premium discount on a 10-ounce silver bar is often about 40%. This is because the production costs of 10 oz silver bars are lower than the production costs of ten, one-ounce silver coins or rounds.
The second great benefit to buying 10 oz silver bars comes in the form of convenience. A 10-ounce bar more efficiently stores wealth than a five-ounce silver bar or a one-ounce bar. The odds of a silver investor choosing to sell their silver to pay for a $50 debt are low. It’s more likely that someone would choose to liquidate when the need is greater, such as buying real estate or covering an emergency car repair. In these scenarios, 10-ounce silver bars are easier to convert to larger sums of fiat currency. They also tend to take up less room in storage. Since most silver investors have limited space in their safe, efficient storage of wealth is an important consideration.
10 oz Silver Bars are Easy to Sell
Because 10 oz silver bars are bullion and usually aren’t considered collectible, it tends to be very easy to sell. This is important because there may come a time when you want to liquidate your metal. Collectible and numismatic silver can be an excellent investment for an informed investor, but they are not usually as easy to sell when you need to convert silver to dollars. A rare silver coin or collectible may have value above and beyond the spot price of silver, which can increase your return. But you will need to find a buyer that understands and values the additional premium. With ten-ounce silver bars, that is not a problem. The bars are valued very closely to silver’s spot price, multiplied by ten. Because silver bars are easy to sell, they’re sometimes compared with silver eagles by investors considering an alternative to a government back coin.
10 oz Silver Bars are Popular
This brings us to another important feature of the generic 10 ounce silver bar. They’re very popular among investors. During the years after the pandemic there was a silver rush that dried up silver inventory among precious metal retailers. It was difficult at times to keep the shelves stocked as everyday Americans began stockpiling their own shelves. And one of the hardest items to keep in stock was the 10 ounce silver bar. Some silver products sell and trade better than others. Silver bars in this size have an enduring popularity that make it a very safe investment.
Why Buy Ten Ounce Silver Bars Online?
We made the decision early in our history to be an online precious metals dealer, selling gold and silver bullion exclusively through the internet. There are several advantages to the customer that convinced us this is the best way to buy precious metals.
- Greater product assortment: with centralized distribution, you get access to the entire inventory and not what is limited to the store. Since 10 oz silver bars are popular, many coin shops are unable to keep them in stock.
- Convenience: no need to drive anywhere, spending precious time and gas to invest in silver bars. You can shop from the comfort of your home.
- Safety: not all coin shops are in nice neighborhoods. When you shop online, no one sees you go in or out of a store that sells precious metals. You maintain your anonymity with your neighbors and community and don’t take any risk in transporting a case of silver bars.
Between buying ten ounce silver online or in person, we believe that buying online offers you a best in class experience. APMEX also offers our customers the ability
to sell your silver and gold back to us, again from the comfort and safety of your own home.
Which 10 Oz Silver Bar Should You Buy?
There are many options available on our site, and ultimately your choice will be a matter of personal preference. We produce a 10 oz silver bar that has remained popular among the silver community for many years, which we mint right here in Oklahoma. Some customers prefer stackable silver bars for storage and aesthetic purposes. Others may choose one with a design they like. And some purchase whatever is cheapest.
Cast vs Struck 10 oz Silver Bars
There is a style difference between a silver 10 oz cast bar and a struck bar. Struck bars tend to have well defined borders and a more consistent appearance. They can have a mirror finish or proof finish. Cast poured bars have a more organic appearance, reminiscent of days gone by. Cast poured bars have lower production costs and are frequently on sale, making them a popular choice for bargain hunters and nostalgia buyers alike.
Can You Buy 10 Oz Silver Coins?
Yes, you can! APMEX carries a large assortment of 10 oz silver coins. The difference between bars and coins is more than just the shape, however. While most 10 oz silver bars are considered silver bullion and valued for the silver content, most 10 oz silver coins are collectibles. This means they are often priced higher to factor in their collectible value. Where 10 oz silver bars are produced by private mints in as much quantity as possible, 10 oz silver coins are often produced by sovereign mints and feature limited mintages with stunning designs. This tends to be the case among bars and coins, though there are collectible bars as well.
Vintage 10 oz Silver Bars
APMEX does carry some vintage 10 oz silver bars that are highly sought after and carry collectible value as well. You may know the name Englehard or Johnson Matthey. A 10 oz silver bar from Johnson Matthey will regularly fetch a higher premium than a generic 10 ounce bar from a private mint that’s in operation today. Some silver stackers only collect older silver as a means of theming their investments, or as a matter of personal preference.
