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

PerryHallPerryHall Posts: 46,138 ✭✭✭✭✭
in Precious Metals
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.

Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire

Comments

  • PerryHallPerryHall Posts: 46,138 ✭✭✭✭✭
    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.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    I'm in.

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

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,132 ✭✭✭✭✭
    I like em
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • PerryHallPerryHall Posts: 46,138 ✭✭✭✭✭


    << <i>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.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    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."

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • nibannynibanny Posts: 2,761 ✭
    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...image
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    MCM is listing them too, price TBD. More the sellers better the prices. image

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    RCM bars have been around for a long time...So, what's the big deal?
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • nibannynibanny Posts: 2,761 ✭


    << <i>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 member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    RCM 100 oz. .9999 bars are popular. These 10 ouncers are just what the doctor ordered.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>

    << <i>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.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • PerryHallPerryHall Posts: 46,138 ✭✭✭✭✭


    << <i>

    << <i>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.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • derrybderryb Posts: 36,824 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>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.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>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.
    theknowitalltroll;
  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    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.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • bestmrbestmr Posts: 1,778 ✭✭✭
    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.
    Positive dealing with oilstates2003, rkfish, Scrapman1077, Weather11am, Guitarwes, Twosides2acoin, Hendrixkat, Sevensteps, CarlWohlforth, DLBack, zug, wildjag, tetradrachm, tydye, NotSure, AgBlox, Seemyauction, Stopmotion, Zubie, Fivecents, Musky1011, Bstat1020, Gsa1fan several times, and Mkman123 LOTS of times
  • mariner67mariner67 Posts: 2,746 ✭✭✭
    This look very good.
    The reeded edge as with the Geiger bars is a big security plus in my opinion.
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭


    << <i>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.
    theknowitalltroll;
  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    couple of different sources for spot prices and they usually differ by a few cents. I use Kitco, Friday closing price of 20.89.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • WingsruleWingsrule Posts: 3,011 ✭✭✭✭
    The premium will remain the same for the older style as these are distinctly different. My $0.02.
  • LochNESSLochNESS Posts: 4,829 ✭✭✭
    Ordered mine, plus a gold maple leaf that was on sale on account of "abrasions." I'm stacking so ... those don't bother me image
    ANA LM • WBCC 429

    Amat Colligendo Focum

    Top 10 • FOR SALE

    image
  • nibannynibanny Posts: 2,761 ✭
    Available now on presale at ProvidentMetals. Cheapest option at the moment.

    RCM at $1.25 over spot
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • DrBusterDrBuster Posts: 5,379 ✭✭✭✭✭
    Anybody seen any milk spotting on bars????
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