Silver Bar 1000 g

The 1 kilogram silver bar is a popular silver bar for private individuals today. This is not least due to the fact that many banks and dealers only offer this silver bar.

Who produces 1 kilogram bars

Of course, every refinery worldwide that produces investment silver bars will also have a 1000 gram bar in its product range, often in the 999 fineness. In Switzerland, the 999 fineness is the standard. The largest Swiss refineries are:

Ticino:

Argor-Heraeus (offers 999 silver).

Pamp (offers 999 silver)

Valcambi (offers 999.9 silver)

In the western part of Switzerland:

Metalor (offers 999 silver)

Px Precinox

These precious metal smelters also produce bars under the logo of various banks.

How are 1000 grams silver bars produced?

While smaller bars up to 250 grams are also stamped, the casting process is common for the production of 1 kg silver bars.

In both processes, silver is first refined to the fineness of 999. Then the bar is produced.

For the casting process, exactly 1 kg of silver granulate is melted and then cooled in a mould. It makes no difference whether the silver is poured from a crucible into a mould in a heated state or whether the mould itself is heated with the granulate. The result is an ingot with a matt surface, which is typical for this manufacturing process.

Register now and sell silver bars!

The purity grade of 1000 gram silver bars

999 is probably the most common purity for silver bars, but some companies also produce silver bars with the highest purity of 999.9. 999.5 is somewhere in between, but it is unusual for silver in Switzerland.

Value added tax on 1 kg silver bars

Like all silver, the 1 kg silver bar is also subject to VAT. Silver bars are produced and sold as an investment product, yet silver is always considered a raw material and is therefore subject to VAT.

Buy silver without VAT in bonded warehouses

The duty-free warehouse offers the possibility to buy silver without paying VAT. To do this, the silver must be purchased and stored duty-free. To do this, however, the storage service of a specialised company must be used. On premesec.ch, sellers can indicate whether the silver is stored duty-free and buyers can also filter according to this.

The price of 1000 gram silver bars

The price of 1000 grams of silver bars is basically based on the market price for silver. For a gold bar with a similar value, however, the price premium charged by dealers and banks is considerably lower, even when VAT is deducted.

Buy and sell 1000 gram silver bars

The 1 kg silver bars are very common, so it is easy to find a buyer or seller for them. Of course, this silver bar can also be traded on premesec.ch.