Australian Silver Bars Overview
If you are looking to acquire serious amounts of silver bullion, then silver bars may provide an excellent choice. Silver bars are produced by many of the world’s leading mints and fabricators, and can offer very reasonable premiums over spot. Australian silver bars may provide a means of portfolio diversification.
The Perth Mint opened in 1899, and today is Australia’s largest precious metals enterprise. The mint was opened just as the discovery of significant gold deposits was taking place in Coolgardie and Kalgoorlie. Today, The perth Mint distributes some $18 billion per year in various bullion bars and coins to over 100 countries annually. The Perth Mint is one of a select group of refiners to have achieved accreditation from five of the major gold exchanges.
The mint is proud to produce numerous legal tender bullion and collectible coins, as well as bars and medallions. Many of their products celebrate some iconic symbols of this great nation, such as its wildlife. The kangaroo and koala bear are both featured on coins made by The Perth Mint, and all of the mint’s products are produced with the highest of quality standards, attention to detail and pure artistry in their designs.
The 1 ounce Silver Kangaroo Bar is a fine example of the quality and craftsmanship that has come to be expected from the Perth Mint. This visually stunning silver bar features the Perth Mint logo, as well as inscriptions of the bar’s weight and purity. The reverse of this bar features a repeating, angled kangaroo design. Overall, these bars have a very sleek, yet elegant appearance. They contain 1 troy ounce of 999.9 percent fine silver.
The Australian Bullion Company also produces silver bars, and has a wide variety of products to choose from. They produce silver bars from a single ounce to 1 kilogram and make both minted as well as cast bars. Minted and cast bars have very different appearances due to the way they are produced. Minted bars look new, and typically have more detail and a nice shine. Cast bars, on the other hand, will have a duller, almost aged appearance. Because cast bars are made by pouring liquid silver into a mold, no two cast bars are exactly the same.
For investors looking to get the most bang for the buck, larger cast silver bars may provide the most cost effective solution. Cast bars can be produced easier and less expensively by fabricators compared to minted bars, and therefore will often have some of the lowest premiums attached. Because the production costs for a 1 ounce bar and a larger bar are relatively the same, larger bars may potentially offer a per-ounce cost savings.
Australian silver bars can be purchased from local coin shops or from numerous online metals dealers. These bars are easily are easily transported and stackable. They can be stored in a home safe, a bank safe deposit box or in the depository of your choice.