How Much Does Silver Bullion Weigh?
When many people think about bars of silver or gold, they envision hefty bars stored in a vault full of riches. Of course, this is understandable; Hollywood often portrays silver bullion in exactly this way. However, silver bullion can actually come in many forms and weigh in at different increments. Let’s look at silver bullion a little more closely.
What is Silver Bullion
Before we go too far into weights and measurements, let’s first review what silver bullion is. As you probably know, silver bullion is the physical form of the precious metal as formed into bars, coins or other forms. These forms allow investors to store the bullion easily and better determine the worth of the actual silver.
When the silver is formed into the shapes, the purity can vary. The United States’ Mint, for example, offers coins that are purified to 99.9% silver. Junk silver dealers, on the other hand, have been known to leave many additives in their silver bars or coins, often selling bullion that contains only 90% silver (which is virtually worthless on the market).
How Much Does it Weigh?
Now that we know a little about silver bullion, let’s dive right in to the weight. Silver is measured by the Troy ounce (also known as 1ozT). One Troy ounce is equal to 31.1034768 grams, but the actual weight of your silver bullion can vary immensely. Silver bars, for example, are often produced in 2.5-, 5-, and 10-oz bars, but bars have been known to weigh in at hundreds of pounds (there is some truth to Hollywood depictions!).
When you buy your silver bullion, it is important to pay attention to both the weight of the bullion and the purity. The more pure and hefty the bullion, the more the silver is worth. That being said, buying from reputable dealers can often help you make your best purchase; junk dealers can easily sell you worthless silver.
Overall, buying silver bullion can be a pleasurable investment experience. If you know the basics of silver bullion, the weight of your potential purchase and the purity of the silver, you could purchase silver that will grow with you over time. Buying from reputable dealers, like governments, can help you make your best investment possible.