purity can be confusing. First let’s talk about the weight. If you use a
postage scale and get the weight in ounces, these are avoirdupois
ounces—and silver or gold is never specified in avoirdupois ounces …
they are specified in troy ounces. What’s the difference? An avoirdupois
ounce is 28.35 grams (usually abbreviated as gm.), but a troy ounce (usually abbreviated as oz.) is 31.10 gm. So if a coin or bar weighs 1 oz. on a postal scale it actually is only a little more than 9/10th of
a troy oz. So always make sure that you are buying silver based on a
troy oz.—because that is how the “spot price” of silver is specified.
of the “spot price,” that is the current price quoted on the New York
Mercantile Exchange (NYMEX) through its Commodity Exchange (COMEX). You
can find the spot price of silver at the top of every page onhttp://www.moderncoinwholesale.com as well as many other web sites dealing with precious metals.
can’t buy physical silver anywhere at the spot price, since it costs
money to convert silver into coins, bars, etc. and the producer and
seller must make a profit. But premiums are rather small when buying
bullion coins, bars, etc. as compared to buying rare coins, jewelry, or
just about anything else made from silver.
of the most fun ways of building a silver portfolio is by acquiring
silver rounds or bars. Modern Coin Wholesale stocks a very large
inventory of these—all MADE IN THE USA. Ronnie D. recently visited the
manufacturer of these silver rounds and bars, where he personally took
this dramatic picture in foundry’s “clean room”. When asked why he
didn’t get closer, Ron indicated that it was way too hot (notice the how
the worker is wearing special protective clothing). Every silver round
and bar that Modern Coin.Wholesale sells has a 99.9% silver purity and
weight guaranteed both by us and the manufacturer.
Here are some ways you might consider collecting silver rounds and bars: coin
look-alikes, animals, trains, sports, etc. And they make great gifts
for holidays (Christmas, Easter, Mother’s and Father’s Day, etc.),
special events (birth, anniversary, wedding, retirement), men and women
serving or have served in the military, etc. You can see over 100
different designs by clicking here.