1000 oz Silver Bar (Shipped to Client) Description:
This is an official 1000 Troy oz "COMEX BAR" and it will be shipped to the address provided at checkout. 1000 oz silver bars like this one are usually used to satisfy demand for large-scale silver bullion contracts and are traded on the Commodity Futures Trading Exchange. After production, each bar is weighed and stamped with its weight, purity and hallmark by one of a handful of authorized refiners/assayers. Once the bar leaves the refinery, it is no longer valid for COMEX delivery, though the assay is still recognized for bullion trading and sales.
The weight of each bar is approximately 1000 Troy oz, or just over 71 lbs. Customer will be credited or charged for any difference between the actual bar size and the target size of 1000 Troy oz.
1000 Troy oz of .999 pure silver
This is a convenient size for industrial purposes and it is also popular with large silver bullion investors since it can be acquired for close to the market "spot" price.