[Although this page discusses the cheapest silver bars (smallest markup over spot), 100-oz silver bars are by far the most popular way to invest in silver bullion. Often, less known brands of 100-oz bars are offered at still lower prices on our Silver Specials Page.]
Canadian silver bars weighing 800-900 ounces
Investors looking for the cheapest silver, i.e., silver carrying the smallest markup over spot, should consider the Royal Canadian Mint’s unique .9995+ silver bars with weights in the 800-900 ounce range. Occasionally, one of these RCM silver bars will weigh less than 800 ounces, and occasionally more than 900 ounces, but most of these bars are close to 850 ounces in weight.
These Canadian silver bars carry much smaller markups over spot than 100-oz silver bars, which are the most popular silver investment. 100-oz silver bars are popular because they weigh only 6.86 pounds, which makes them ideal for storage, even in safe deposit boxes. Just about anyone can handle 100-oz silver bars.
As noted, RCM Canadian silver bars weigh about 850 ounces, which is right at fifty-eight pounds on a bathroom scale, only a few pounds more than a bag of junk silver coins. Although RCM Canadian silver bars are not suitable for all investors, they are ideal for those investors who can handle the weights of these bars. Canadian silver bars are usually the cheapest silver investment. However, they are not always available.
Because the RCM bars weigh less than seventy pounds, they can be shipped via Post Office Flat Rate boxes, which is an economical way to ship. In contrast, 1,000-oz silver bars often weigh more than seventy pounds, exceeding the Post Office weight limit for Flat Rate boxes. And, interestingly, boxes weighing less than sixty pounds are manageable, while boxes weighing nearly seventy pounds become problematic.
RCM Canadian silver bars are serially-numbered and have their year of production stamped on them. Further, they carry the hallmark of the prestigious Royal Canadian Mint, producer of Silver Maple Leaf coins.
Canadian silver bars are unique
RCM Canadian silver bars are unique for two reasons: One, their weights, significantly less than 1,000 ounces, which makes them manageable. The other feature: they are .9995+ in purity.
For most silver bars, the minimum fineness is .999, which is how most 100-oz silver bars are marked. While some 100-oz .999 fine silver bars are of higher purity than .999 fine, they are marked .999 fine. The Royal Canadian Mint now produces silver bars that are .9999 fine.
RCM Canadian silver bars are ideal for investors who want to buy the cheapest silver. However, investors need to keep in mind these bars’ weights. RCM bars are not for all silver investors. If you would like to know if we have RCM silver bars available, or would like to discuss other silver bullion investments, call us at 800-528-1380. We take calls 7:00 a.m. to 5:00 p.m. MST, Mondays through Thursdays, Fridays 7i:00 a.m. to 3:00 p.m.