1,000 troy ounces | 31,103 grams | .999 Purity Silver
Sellback price: 16,259.50
These bars are used in settlements in the London Metal Exchange and other exchanges and are very heavy compared to smaller bullion bars. Although metal purity is standardized these bars vary greatly in shape, manufacturer (brand) and mass which can vary between 750 and 1,100 oz although the vast majority of the bars will be between 950 and 1030 oz. Find out more on Good Delivery Bars.
The variation in mass in particular greatly complicates transaction as each bar will have a unique weight that is unknown upon ordering. THE PRICE WILL ONLY BE CONFIRMED WHEN THE BARS HAVE ARRIVED AND WE KNOW THEIR ACTUAL WEIGHTS.
Be aware of the following characteristics:
Disadvantages compared to 100 oz bars
Advantages over 100 oz bars
1,000 oz bars are available as an Transfer-In Storage option and when we have in-stock availability. Storage costs for these bars are be prorated based on their individual weight so a 1048.15 oz bar will have a proportionally higher storage fee compared to a 937.06 oz bar.
Bar(s) available in STAR Storage by weight:
These bars are tax free in Singapore and you will receive a photo and a DUX inspection on each bar as we do with our standard parcel transfer-ins. However, they will not be packed in parcels as the transparent parcels are not strong enough to withstand the weight. Instead the bars will be identified by a manufacturer code and serialnumber and will have a DUX Tamper Proof Label on the bar that links to the online DUX Inspection Results.
Points computation: 1 bar = 1,000.00 points
Fixed Storage Fee
|6 months||99.87 USD *|
|12 months||199.74 USD *|
|24 months||399.48 USD *|
|36 months||599.22 USD *|
|60 months||998.70 USD *|
|Item||Cost Per Bar|
|Transfer-in and testing||100.81 USD|
* Stored in multiples of 1 bar and can be collateralized. Any unused storage will be refunded upon sellback or delivery.