Anyone here buy those 15kg industrial sized silver bars?

Discussion in 'Silver' started by SpacePete, Feb 17, 2015.

  1. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    I'm just curious to know who buys these giant bars.

    And has anyone ever put one up for sale on the forum?
     
  2. ozcopper

    ozcopper Administrator Staff Member

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    Yes, I think I made a video of it, hang on I'll see if I can find it....
     
  3. ozcopper

    ozcopper Administrator Staff Member

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    Here we go... It was advertised on here by City Gold Bullion and had its original receipt from 1976!!!

    It sold too!

    [youtube]http://www.youtube.com/watch?v=JYKPX6szJjQ[/youtube]
     
  4. whinfell

    whinfell Well-Known Member Silver Stacker

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    Yep - Bullion List here

    And look how quickly they sold!
     
  5. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    OMG :eek: :eek: That is spectacular!
     
  6. Gatito Bandito

    Gatito Bandito Active Member

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    Or are you just "asking for a friend"? ;)


    In all seriousness, I think I recall a member or two here who owns/owned one at that size.
     
  7. Gatito Bandito

    Gatito Bandito Active Member

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    Dayuumm.. dat original price! :eek:
     
  8. ryan71

    ryan71 Member

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    I'm building my next house out of those and painting it brick red.
     
  9. goldpelican

    goldpelican Administrator Staff Member

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    Have sold a number of 1000oz bars (~31kg) through here.
     
  10. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    I wish I was stacking at that level :) Imagine buying a couple and trying to carry them home, or to your SDB.

    How would you liquidate one though? I guess just sell back to a dealer.
     
  11. rara200284

    rara200284 New Member

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    Me likey.
     
  12. Yeti Hunter

    Yeti Hunter Member

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    It's awesome but I don't think I'd ever buy one. You get just as low a premium on kilobars and they would be much easier to sell. Given a choice, I'd pick a treasure chest full of round fifty cent pirate-silver any day of the week, even at the (slightly) higher premium.
     
  13. Joey

    Joey Member

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    Doubt anyone will put their hand up, but we sell them on a regular basis.

    They almost always go into deep storage so you're unlikely to see them trade in the open on the secondary market.

    Cheers,

    Joey
     
  14. shilly20

    shilly20 Member

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    just wondering the ounces on these 15kg bars are they simply 15 x 32.15 = 482.25 ounces then plus or minus if slightly over or under 15kg?
     
  15. Joey

    Joey Member

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    They all have their own unique weights since it's very difficult to pour exactly 15kg of liquid metal. There are a few manufacturers who make CNC milled bars, but they're also odd-weight.

    These are mainly used for industrial applications (or re-melting into smaller bars) so the exact weight of each piece of metal doesn't matter to the people who buy them.

    The ones we see tend to range from 12.5kg to 15.5kg. That variance is quite large, but they trade based on the exact weight of each individual bar. For example, if you order a "15kg" bar from us and the one that arrives is 14.585kg, you'd only end up paying for 14.585kg and we'd credit you for the 0.415kg difference in cash.

    Cheers,

    Joey
     
  16. Snoopy

    Snoopy Member

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    I want one.
     
  17. shilly20

    shilly20 Member

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    So if i was to buy the 14.585kg bar in your example exactly how many ounces would this be?

     
  18. shilly20

    shilly20 Member

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    So if i was to buy the 14.585kg bar in your example exactly how many ounces would this be?

     
  19. whinfell

    whinfell Well-Known Member Silver Stacker

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    468.918639 troy ounces
     

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