Some rounds may have premiums comparable to bullion bars, while others could be slightly higher on a per-ounce basis.īullion coins, which are good, legal tender, often carry significantly higher premiums compared to bars or rounds. Because of this, rounds are valued simply for their metal content. Unlike coins, rounds are not considered legal tender and have no face value. In addition to bullion bars, silver rounds can also offer a cost effective way to acquire the metal. The lower total refining cost can transfer to lower premiums for the purchaser. The process may be relatively cheaper for refiners, and can be done in large quantities. While both may offer a significant per-ounce savings compared to coins or rounds, cast bars may offer an even lower premium than minted bars.Ĭast bullion bars are produced by pouring liquid metal into molds and then allowing the metal to cool. There are two very different types of bullion bars: minted bars and cast bars. Bars can be made in large quantities, and often feature less total design detail when compared to coins or rounds. ![]() Generally speaking, bullion bars are the least expensive for refiners to produce. These products can, however, have some significant differences when it comes to overall premiums. Silver is available in multiple forms including bullion bars, rounds, coins and collectible coins. Although prices can vary depending on several factors, there are a few guidelines that can help ensure you get the best price possible when it comes to buying silver.Ĭhoose basic products: One of the simplest ways to get the best price possible is to focus your purchases on products that carry the lowest overall premiums. If you are looking to invest in physical silver, you may be wondering how to get the best price possible. When you return to the cookie will be retrieved from your machine and the values placed into the calculator.Ī range of other useful gold and silver calculators can be found on our Calculators page Pressing the button will place a cookie on your machine containing the information you entered into the Holdings Calculator. If your browser is configured to accept Cookies you will see a button at the bottom of the Holdings Calculator. The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator. Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated. The Current and Future Gain/Loss will be calculated. Optionally enter number amounts for Purchase Price and/or Future Value per unit of weight chosen. The Current Value for the amount entered is shown. The current price per unit of weight and currency will be displayed on the right. If you wish to select a currency other than USD for the Silver holdings calculator. NOTE: You must select a currency for gold first, even if you don't enter a value for gold holdings. Select Ounce, Gram or Kilogram for the weight. ![]() Since then, the price has increased by 8300%.The Holdings Calculator permits you to calculate the current value of your gold and silver.Įnter a number Amount in the left text field. ![]() Just 100 years ago in the early 1900’s, the gold price per ounce was estimated at roughly $18-20 per ounce. The gold price then dropped significantly from late 2011 until 2015, before beginning to rise once again.Įven when the value is dropping, there’s no reason to panic. The cost then began to drastically rise from 2003-2011, reaching over $1800 per troy ounce in September of 2011. From 2000-2002, the gold value per ounce remained fairly stagnant ($270 per ounce). As with any other investment, gold prices aren’t always increasing. This is not a reason for gold investors to cheer for a poor United States economy, however, as the value of the dollar is constantly dropping for all currencies due to standard inflation rates.Īs the value of gold rises with USD inflation, the gold spot price has risen throughout the years. Dollar falls in value, the price of gold generally rises, and vice versa. The gold price today is affected by a variety of economic and political factors. While the world is no longer on the gold standard, it continues to be used as a means of transferring wealth. Even in ancient times, gold was a sign of wealth and was traded like modern money. Gold has long been used as a means of storing wealth and fundamentally measuring value.
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