SilverTowne is a well known name when it comes to physical silver bullion bars. They have been producing precious metal products since the 1980’s while they can trace their history back to 1949 where they started out as a small coin shop. Today they produce silver bars in a number of sizes and designs in .999 fine silver. Below is a price comparison chart of popular dealers who stock SilverTowne bars. Enjoy
*Prices displayed are for the 10 oz SilverTowne Prospector Silver Bar
Compare SilverTowne Silver Bar Prices
- Low As $207.50($0.94/ oz over spot)
- Free Shipping On All Orders
- Weights: 1oz, 5oz, 10oz, 50oz
- All Packages Insured
- $100 Minimum
- Low As $172.40($1.19 /oz over spot)
- Free Shipping Over $250
- Weights: 1oz, 5oz, 10oz, 50oz, 100oz
- All Packages Insured
- No Order Minimum
Silvertowne Silver Bars Review
Silvertowne was founded in 1949 by Leon Hendrickson in the small Indiana town of Winchester. The company originally started out as a small coin dealer in Indiana, but has since expanded to be one of the most well-known bullion producers in the United States. While their business involves much more than the minting of precious metals alone, that is what will be discussed in the following few sections.
Through the first 30+ years of Silvertowne’s existence, they were nothing other than a string of coin shops located throughout the United States’ Midwest. That all changed in the early 1980s when Silvertowne added the actual minting of precious metals to their repertoire. Now, Silvertowne is known not only for their production of precious metals, but also for their production of collectible and commemorative coins.
Types of Metals Offered
Because Silvertowne is both a producer of precious metals as well as a dealer, some get confused when it comes to deciphering what Silvertowne is selling and what Silvertowne produces (and then sells). Despite their website offering you all sorts of products across a wide spectrum of metals and brands, Silvertowne only actually produces silver.
The purity of most every silver bar produced by Silvertowne is .999, which is more or less an industry standard. For those who may be unaware, a .999 level of purity means that Silvertowne bars are comprised of 99.9% pure silver. This is important to note because bars from other dealers sometimes contain less silver and more of another, filler metal which always decreases the intrinsic value of the bar.
Like was stated before, Silvertowne as a precious metals dealer offers a wide range of bullion that can compete with some of the biggest online dealers. As a producer, however, Silvertowne’s offering is a bit more limited in that they only produce silver bullion.
Despite Silvertowne only producing silver products, they still manage to offer investors a wide variety of products from which to choose. While they are able to custom-mint just about anything, they are regular minters of silver bars and rounds. These bars and rounds boast a number of different designs but are more often than not standard with regard to their purity and weights. In fact, Silvertowne lists the weight and purity of each of their bars/rounds.
The sizes and types of silver produced by Silvertowne include:
- 1 oz silver bar
- 5 oz silver bar
- 10 oz silver bar
- 50 oz silver bar
- 100 oz silver bar
- 1 oz silver round<
Perks of Owning Silvertowne Bullion
For a lot of people, one of the biggest perks of owning Silvertowne silver bullion has to do with the way in which Silvertowne mints some of their bars. Silvertowne is a lot unlike other precious metals producers today due to the fact that they offered hand-poured silver bars in a variety of sizes. While most modern precious metals producers solely use a machine to press the bar into uniform shape and size, Silvertowne still employs the ages-old tactic of hand pouring the silver into a mold. This style of minting is preferred by a number of investors who are simply turned off at the idea of every single bar looking exactly the same as the one before it. Hand-poured bars boast tiny imperfections that make each bar unique in comparison to the one minted before it.
Hand-poured Silvertowne silver bars are available in 5 oz, 10 oz, 50 oz, and 100 oz varieties.
Prices of SilverTowneBullion
Silvertowne handles their business with fairness and integrity, two things that are exhibited perfectly in the pricing of their bullion. Their silver rounds are a bit on the higher side of the price spectrum, but not by much. Their silver bars, on the other hand, are as competitively-priced as you would expect from a bullion producer who constantly strives to give its customers the best value for their dollar. As is always the case, the exact pricing varies depending upon where you are buying your bullion which means you should always shop around before deciding where to buy your metal.