When it comes to selecting from silver precious metal products, investors have a lot of options to choose from in protecting their personal wealth. Among the most popular are silver bars, which offer impressive purity and easy transportation or storage. Today, the 10 oz RMC Cast Silver Bar is available as a new product from JM Bullion.
- Ships in a heat-sealed plastic package or box of 25 bars.
- Contains 10 Troy oz of .999 pure silver.
- Obverse features the only engravings.
- Eligible for use in Precious Metals IRAs.
- Privately minted in the United States.
Silver bars come in two popular forms; minted ingots or cast bars. Minted ingots are highly refined products that start out as bulk cast bars, which are then fed into a press machine that stamps out precisely measured and cut bars that have exacting standards for size, shape, and metal purity.
Products such as the 10 oz RMC Cast Silver Bar are poured from large cauldrons into preformed molds that shape the bar and ensure that the proper amount of silver purity is contained within. The bar is then dropped into water from the mold or left in the mold to cool by exposure to air. Cast bars, as a result of this simpler production method, have much lower premiums over the spot price of silver.
On the obverse of each 10 oz RMC Cast Silver Bar you’ll find the only engravings. These include the Republic Metals Corporation logo at the top, followed by the full name of the mint and then the weight, purity, and metal content of the bar. An assayer’s mark is featured at the bottom of the obverse.
There are no reverse engravings on these bars. The Republic Metals Corporation logo at the top of the obverse features a large vat from which iron is poured into the cooling mold that is featured in the center of the “M” in the “RMC” engraving below the logo.
Republic Metals Corporation was founded in 1980 and is headquartered in Miami, Florida. The company’s brand is internationally recognized and highly respected, with LBMA certified as well as COMEX certified. The company’s 150,000-square-foot facility handles annual refining of more than 7,000 tons of silver and gold.
Please direct your questions to a JM Bullion associate. You can reach our customer service team on the phone at 800-276-6508, online using our live web chat service, or by sending us an email.