The Royal Canadian Mint has begun delivery of 10-ounce .9999 fine
silver bullion bars to distributors.
The RCM announced the new product on July 24.
Each bar is machine-struck with a reeded edge, and features
individual serial numbers to “add security to the renowned quality and
purity of the Mint’s silver bullion bars,” according to the announcement.
The bars are being sold through the RCM’s network of bullion
distributors at a slight premium over their metal value. Though the
RCM does not disclose the premium they charge on bullion coins, a
distributor confirmed that the price for a 10-ounce silver bar would
be less than for 10 Maple Leaf 1-ounce silver $5 coins, the RCM’s
flagship bullion issue.
The face of the bar features the RCM’s name, in English and French,
between circles of beads surrounding the maple-leaf-style logo.
Inscriptions relating to the metal fineness and purity appear between
and below two maple-in-maple leaves (each having an incuse leaf
centered within another leaf silhouette that is in relief). The serial
number appears on a bar or plank below.
The reverse features a repeating design of the standard maple leaf logo.
The bars measure 90.022 millimeters tall and 51.92 millimeter wide,
and are 4.76 millimeters thick.
The bars are being struck to order and feature the RCM’s signature
bullion (or “paperline”) finish, where striations, or fine parallel
lines, fill the field.
The RCM strikes its bullion at the Ottawa, Ontario, minting facility.
The new 10-ounce silver bullion bars are packaged in individual
In keeping with a distribution model common to the world’s major
issuers of bullion coins, the RCM does not sell bullion directly to
the public. Interested buyers should contact a reputable bullion
dealer to order the Royal Canadian Mint 10-ounce silver bullion bar.
However, unlike the U.S. Mint, the RCM does not make public its list
of authorized purchasers of bullion products.
Full details of the RCM’s bullion program may be found at a special section of the RCM website.