The Royal Canadian Mint is now producing 10 oz silver bars.

PerryHall · July 18, 2014 9:49AM

I just saw them on the APMEX web site and I just bought 10 of them. At $1.29 per oz over spot I figured the price wasn't too bad. I've been looking for the old ones made by the RCM but I've only seen a few and they were priced well over melt.

PerryHall · July 18, 2014 9:54AM

I forgot to mention that they won't be available until around August 5th which isn't a big deal. It'll take a couple weeks for my check to clear in any event.

derryb · July 18, 2014 10:16AM

I'm in.

Cool! Four nines purity, a reeded edge and a unique serial number.

cohodk · July 18, 2014 10:27AM

I like em

PerryHall · July 18, 2014 10:42AM

<< I'm in.

Cool! Four nines purity, a reeded edge and a unique serial number. >>

Also, each bar is in a protective vinyl sleeve to protect them from being scuffed.

derryb · July 18, 2014 11:06AM

From the Canadian Mint website:

"Q: Can I buy bullion products directly from the Mint?
A: The Mint does not sell bullion products directly to the public; only to distributors who have the infrastructure to sell and buy back to and from the public and manage sales to individual dealers in North America and around the globe."

nibanny · July 18, 2014 11:15AM

Thanks PerryHall!
I saw them at JM Bullion but they are selling for $235 each (1-9 bars).
I needed a good excuse to buy the 1/25 oz gold Philharmonics from Apmex, now I can spread te shipping charges...

derryb · July 18, 2014 11:38AM

MCM is listing them too, price TBD. More the sellers better the prices.

OPA · July 18, 2014 12:17PM

RCM bars have been around for a long time...So, what's the big deal?

nibanny · July 18, 2014 12:25PM

<< RCM bars have been around for a long time...So, what's the big deal? >>

They are new, made in silver 9999 and cheaper than the older ones.

derryb · July 18, 2014 12:29PM

RCM 100 oz. .9999 bars are popular. These 10 ouncers are just what the doctor ordered.

OPA · July 18, 2014 12:40PM

<< 

<< RCM bars have been around for a long time...So, what's the big deal? >>

They are new, made in silver 9999 and cheaper than the older ones. >>

10 4. Not a bad price for a 10 oz bullion bar, if you can get it with free s&h. Their 100 oz bars also have the same .9999 finesse and are just barely selling over spot.

PerryHall · July 18, 2014 6:20PM

<< 

<< RCM bars have been around for a long time...So, what's the big deal? >>

They are new, made in silver 9999 and cheaper than the older ones. >>

The old ones are tough to find and carry a higher premium when you can find them. The new ones have newer design features including a reeded edge and a plastic sleeve to keep them from getting scuffed up. Also, a couple of months ago Johnson Matthey started making their 10 oz bars again. If this trend continues we may see BASF (current owner of Engelhard) producing the old pour Engelhard silver bars.

derryb · July 19, 2014 12:21AM

<< 

<< 

<< RCM bars have been around for a long time...So, what's the big deal? >>

They are new, made in silver 9999 and cheaper than the older ones. >>

10 4. Not a bad price for a 10 oz bullion bar, if you can get it with free s&h. Their 100 oz bars also have the same .9999 finesse and are just barely selling over spot. >>

100 ouncers will cost you about a buck over. Another .29 premium for the smaller 10 oz. size with newer features is a bargain.

BAJJERFAN · July 19, 2014 2:00AM

<< 

<< 

<< 

<< RCM bars have been around for a long time...So, what's the big deal? >>

They are new, made in silver 9999 and cheaper than the older ones. >>

10 4. Not a bad price for a 10 oz bullion bar, if you can get it with free s&h. Their 100 oz bars also have the same .9999 finesse and are just barely selling over spot. >>

100 ouncers will cost you about a buck over. Another .29 premium for the smaller 10 oz. size with newer features is a bargain. >>

At $222.2 a pop and silver spot at $20.84 that's more like $1.38 over spot. $1.53 if you pay $14.95 shipping.

OPA · July 19, 2014 3:29AM

It's always the "ask" price when buying and the "bid" price when selling to a bullion dealer that determines the spread.

Silver closed at $20.89 bid and $20.99 ask. As such APMEX selling price is accurate.

bestmr · July 19, 2014 3:35AM

They do look very nice. However, I have to work on my goal of filling my Geiger 10oz storage box so will have to pass on them.

mariner67 · July 19, 2014 3:38AM

This look very good.
The reeded edge as with the Geiger bars is a big security plus in my opinion.

BAJJERFAN · July 19, 2014 5:09AM

<< It's always the "ask" price when buying and the "bid" price when selling to a bullion dealer that determines the spread.

Silver closed at $20.89 bid and $20.99 ask. As such APMEX selling price is accurate. >>

I thought I saw a COB spot price of $20.84 on the U.S. coin forum.

derryb · July 19, 2014 5:16AM

couple of different sources for spot prices and they usually differ by a few cents. I use Kitco, Friday closing price of 20.89.

Wingsrule · July 19, 2014 8:39AM

The premium will remain the same for the older style as these are distinctly different. My $0.02.

LochNESS · July 21, 2014 12:07PM

Ordered mine, plus a gold maple leaf that was on sale on account of "abrasions." I'm stacking so ... those don't bother me

nibanny · July 28, 2014 12:07AM

Available now on presale at ProvidentMetals. Cheapest option at the moment.

RCM at $1.25 over spot

DrBuster · July 28, 2014 12:56AM

Anybody seen any milk spotting on bars????

The Royal Canadian Mint is now producing 10 oz silver bars.

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