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Fully loaded cost of taking deliver of silver contract & produce rounds

zski123zski123 Posts: 256 ✭✭✭

Something I've often wondered about but haven't found a good answer yet.

  1. What is the cost to produce a silver round, blank or bar?
  2. Do the private mints simply exchange assayed 1,000 oz bars for their own rounds for a markup or do you have to order them then wait?
  3. I also wonder if people sell slices of the 1,000 oz bars and if so, what kind of premiums are charged?

Thank you in advance.

Comments

  • tyler267tyler267 Posts: 1,232 ✭✭✭✭

    @zski123 said:
    Something I've often wondered about but haven't found a good answer yet.

    1. What is the cost to produce a silver round, blank or bar?
    2. Do the private mints simply exchange assayed 1,000 oz bars for their own rounds for a markup or do you have to order them then wait?
    3. I also wonder if people sell slices of the 1,000 oz bars and if so, what kind of premiums are charged?

    Thank you in advance.

    Interesting questions, wish I could be more help. Hopefully someone with more knowledge will chime in.

    1) I don't know
    2) I don't know, I do know GSM took the minting option off of their website I think the price on the website used to be 90 cents per ounce.
    3) Money Metals offers an option called vault silver, fractional ownership of a 1000 ounce bar, I think I read that amark has a similar program.

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