With their neat, rectangular shapes and flat planes, bars and ingots can be stacked neatly – unlike coins, which are somewhat inconvenient in large quantities even when contained in mint tubes and similar storage devices.
Silver bars are also a more convenient method of buying bullion in larger weights.
Thus, it is possible to purchase silver bars systematically, even across company or brand boundaries.
The silver bars of the current era are also made with very high production values, including highly detailed emblems, beautifully executed letter, crisp, even shapes, and often a deep mirror finish similar to proofs.
Now that silver coinage has largely become a form of bullion, and silver bars are simply another form of bullion without needing to be “coins in potential” in order to have intrinsic value, they have become a good hedge against economic problems and a potential investment item as well.
It is difficult to catalog all of the types of silver bars that have been produced, since there are literally hundreds of different variations from private companies and banks who want to offer their silver in this format.
These bars are those made with highly identifiable images and something else that makes them special.
For example, all Johnson Matthey silver bars sell for around twice their spot value at the moment due to their rarity, since the company is not currently producing them.
Silver bars are more of a commodity than an investment – in short, they are designed mainly to serve as a store of value and a basic commodity investment, rather than serving as a collectible as many of the rarer or more decorative coins do.
Their price per ounce is close to the current spot price for silver on the world market, with a few dollars of premium above spot being typical.
Many of the silver bars produced today are far more standardized and methodically produced than those in the past.