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Silver bars can either be cast or poured, or minted; both categories often involve the production of bars with intricate decorative designs that are attractive to collectors, often referred to as "art bars". Various sizes of silver bars are 1, 10, 100 and 1,000 troy ounces, 100 gram (3.215 troy ounces) and one kilogram (32.15 troy ounces), as ...
Good Delivery gold bar weighing 12.4 kilograms (400 ozt) Good Delivery silver bar weighing 31.1 kilograms (1,000 ozt) The Good Delivery specification is a set of rules issued by the London Bullion Market Association (LBMA) describing the physical characteristics of gold and silver bars used in settlement in the wholesale London bullion market. [1]
LBMA Good Delivery refiners produce 400-ounce gold bars or 1000 ounce silver bars (also known as ‘large’ or ‘market’ bars) that conform to the strict specifications described in the Good Delivery Rules. The Good Delivery Rules defines what is acceptable when it comes to the appearance and the shape of the bars themselves.
1,000 oz silver bar. A metal is deemed to be precious if it is rare. The discovery of new sources of ore or improvements in mining or refining processes may cause the value of a precious metal to diminish. The status of a "precious" metal can also be determined by high demand or market value.
At the height of the 1979-1980 silver boom where it traded above $50.00 per ounce, the firm was purchasing $2M a week in scrap, 1000 ounce delivery bars and contracts for 90% silver coins. The firm was also trading $1M to $5M per week in precious metals contracts, with delivery primarily in Chicago.
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