Description

RCM 100 oz Silver Bar

The RCM 100 oz Silver Bar is one of the most popular silver bullion investments available today because of its quality and acceptability into Individual Retirement Accounts. Produced by the Royal Canadian Mint this 100 oz silver bar is recognized and traded worldwide.

RCM 100 oz Silver Bars are poured, finely finished including rounded edges and contain the following identification marks etched into their surface: (1) An English and French circle at the top of the bar reading Royal Canadian Mint and Monnaie Royale Canadienne. (2) The bar is also stamped with the year of manufacture. (3) It contains a unique 6 digit serial number an enhanced security feature. (4) The exact weight of the RCM bar is clearly marked (100 tr. oz.) and beneath the weight mark is its purity stamp (AG 999.9).

Silver is also an industrial metal because it has many uses in technology, medical science and the environment. As world industry grows the need for silver increases and may push prices higher. Its investment value has also brought increasing attention since the use of silver in most US coinage was discontinued in 1964. Today many people see silver as real money and a store of value as fiat currency becomes the norm and loses value.

The RCM 100 oz Silver Bar is popular for other reasons: (1) its weight (6.8 pounds) is easily handled and it can be safely stored in bank deposit boxes. (2) The 100 ounce size makes consumer valuation simple because large dealers post daily buy and sell prices. (3) The bar is produced by the Royal Canadian Mint, a big advantage because a sovereign country guarantees the highest and most exacting quality standards.

There are no reporting requirements when the consumer purchases RCM 100 oz Silver Bars. Your sale of 10 or more bars is dealer reportable on (Form 1099B). Sales of less than 10 bars at any one time are not reportable by your dealer.

We are happy to answer questions about the RCM 100 oz Silver Bar – Ask an Expert

Visit our Audio Gold News Page for information on the precious metals market.