When buying silver bars online, investors have a lot of options to choose from in terms of weight, style, and design. The vast majority of silver bars available are aimed at investors and feature simple designs. Although there are a few options that deliver more uniqueness, most of what you’ll encounter comes with mint or refinery brand marks and identifying information on the brand. Among the many options you’ll find are 5 oz silver bars which straddle the line between the common 1 oz weight and the equally popular 10 oz silver bar option.
The most common size for silver bars is 1 Troy oz. This relatively small size offers a valuable crossroad between pricing and physical size. These bars are affordable to purchase with lower prices than larger bars and easier to store than larger bars because of their smaller size. With that said, 10 Troy oz bars are the next most popular choice among silver buyers. 10 oz silver bars are not too large to easily store and transport, and also not so large as to price out too many silver buyers.
In between these two popular weights, you’ll find 5 oz silver bars. There is a modest amount of variety in this particular segment of silver bars. From a pricing standpoint, 5 oz bars offer the opportunity to purchase more physical silver without spending too much money. At the same time, the smaller weight and size compared to 10 oz bars means these products are still easy to move and store.
There is a great deal of variety to be found in the 5 oz silver bars for sale online. While nothing can match the diversity of 1 oz silver bars, the options in front of you when it comes to 5 oz silver bars isn’t so low as to be unattractive. Most of the 5 oz silver bars currently available in the market are cast products with unique designs, as opposed to the minted ingots with refined designs or branded products common in the 1 oz weight segment.
Among the 5 oz silver bars you are most likely to encounter when buying silver bars online are those from private mints that feature a simple mint logo. These include the likes of private mints in the United States such as Monarch Precious Metals, SilverTowne, and Sunshine Minting. Each one of these mints has its own rich, diverse history in refining silver bars. Below, we’ll highlight some examples of the common silver bars you will find in this weight, focusing not on limited-issue bars, but rather, those you will find regularly in production at some of the aforementioned mints:
For a truly unique, and incredibly secure, option when buying silver bars, consider the new product lineup from MintID. The company works with only certified mints to produce the highest-quality silver bullion specimens. It has recently released its own line of 1 oz silver rounds, 5 oz silver bars, and 10 oz silver bars. To be sure, the designs on these bars are beautiful, but it’s the added layer of security from MintID that takes these bars to another level. First, let’s look at the design:
Once again, it is not so much the design of these bars that is coveted, but rather, the innovative security features included on the bars. MintID uses 128-bit encrypted NFC microchips applied directly to the silver bar. This NFC microchip provides a direct link to a cloud-based authentication profile for each of the individual bars. The encrypted microchips render a “tampered” or “invalid” result if it has been tampered with in any way. All you need is the free MintID mobile app on your smartphone to instantly authenticate the details of your purchase. And don’t worry, the MintID mobile app can be used without providing any sensitive personal or financial information in the app.
Whether you’re looking for a simple, investment-grade option or something with a little more flair, you’ll find the 5 oz silver bar you’re looking for at JM Bullion. If you have any questions as you shop, just call us at 800-276-6508, chat with us live online, or email us directly.