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Dummies Guide for 100 oz+ Purchase Silver Bullion Bars

by: silverseas1( 2178Feedback score is 1000 to 4,999) Top 5000 Reviewer
53 out of 54 people found this guide helpful.
Guide viewed: 1812 times Tags: bullion | silver bars | silver rounds | silver bullion ingot | precious metal


You have your eye on an auction, your thinking it's low, you think you have a shot at making a profit or at least a resellable item at an undetermined profit short or long term but the description is not of the norm for you and you are not quite sure of yourself at the bidding moment ~ What are you going to do?

It states 102.10 oz with the initials of TRSR or TSRS or 4 letters similar indicating weight, .999 fine silver and  a good looking silver bar ~

What does this mean ~ You can't find it anywhere on the internet ~ Is this real ~ Is this a fake ~ What do you do??? Not much bidding time left ~

If your not willing to gamble and don't have the experence ~ DON"T BUY IT ~ PASS ~

Look for a couple of things. Pictures being the number 1 factor. If the bar is solid with no holes, tunnels or evidence that it may even be the slightest of home grown quality, there is a good chance it is .999 silver graded and a quality bullion bar.

If it looks hastily poured, bad photos, no pictures, layered looking like molten lava and you can't find the manufacture on the internet then it is a good chance to be a home grown fake or mix at best.

If it looks of a quality bar, solid, firm with no worm holes, odd weight yet of high quality, solid. It could possibly be a controlled quality bar like the Perth Mint uses and over sees the smelting of this silver or other precious metals they are purchasing but not wanting the competition to know with whom they are dealing with at that time hence the initials and no known reference to the mint.

These bars, mostly in the 100+ odd ounce range were not meant to become public property. They were meant to become commercial refined mintage items such as coins and the likes.

Most coin shops won't provide a sale of comparable known silver such as Amark brands against 4 letter bullion bars even though they know better. They most always will try and buy it 70 cents below there normal spot mark down on silver bullion but don't let them ~ They will say it's an unknown brand of silver ~ Reputable shops will always do a chemical test if asked ~ It only takes a few moments ~

They know what this silver bullion is ~ If they dont, find another bullion dealer ~ They are jerking you around, they have been in the business long enough to know ~

These 100+ oz bullion bars are far better collectors items than regular denominations as most of these were probably stolen or purchased from the original mints and guaranteed no longer being manufactured for that particular mint ~

Still ~ Common Reason Prevails ~ If it doesn't smell right don't buy it ~ If your guts say take it, do it ~ Once you own it you will always have to dispose of it ~ Some how....

If you have time to ask questions about it ~ Email us and we will give your our free 3 cents worth of advice ~

If this review gave you even the slightest hint of real life, please leave a feed back rating so we will know if your interested in reading another edition of our 25+ years of collector values in silver art and bullion bars ~

Thanks again, Tommy & Linda  ~SilverSeas1


Guide ID: 10000000004624464Guide created: 11/01/07 (updated 11/17/09)

 
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