500g Silver Bar Cast
This 500 g cast silver bar available from The Royal Mint Refinery (RMR), contains 500 g of 999.9 silver and is imprinted with a unique serial number and the RMR logo. This half- kilo (500 g) silver bar offers the most cost-effective way to purchase 500 g of silver, which offers a higher-value purchase opportunity for investors and those who wish to own and trade larger amounts of silver.
Unlike minted bars, cast bars have less intricate designs and due to the manufacturing process, there can be unevenness in the finish of the bar. This reduction in the manufacturing cost is then passed on to you, resulting in a lower premium. This finish is only aesthetic and does not affect the value.
This bar is subject to VAT at 20%.
How are bullion prices calculated?
The 'buy' and 'sell' prices shown on the website represent the market value of raw vaulted metal in an 'unallocated' form. This is the standard way prices are quoted throughout the bullion industry. In order for The Royal Mint to deliver beautifully crafted precious metals products to your address, or to our vault, a number of processes must take place, all of which incur a cost. These processes include transportation, refining, minting, quality checking and merchandising.
The price at which The Royal Mint is able to sell bullion products to consumers is therefore made up of the 'spot price' (the buy price) plus an additional premium. The premium accounts for the costs incurred in manufacturing a particular product and is usually either a percentage of the buy price or a fixed monetary amount. In short, manufactured bullion products always sell at a premium to enable retailers and manufacturers to cover their costs.
Specification
500 g Silver Bar Cast
| Specification | Value |
|---|---|
| Alloy | 999.9 Fine Silver |
| Quality | Bullion |
| Pure Metal Type | Silver |
| Pure Metal Content | 16.075 Troy oz |
| Fineness | 999.9 |
| Specification | Value |
|---|---|
| Bar Size | 110.00 mm x 46.00 mm |
| Bar Thickness | 11 mm |
