Shop all Precious Metals and Gold & Silver Bullion from Scottsdale Mint
All gold and silver products sold by Scottsdale Mint is 999 Fine Silver or 9999 Fine gold unless otherwise stated clearly in the product description.
What is Silver Bullion?
Bullion is a term for a precious metal of a particularly high purity. Silver bullion used for investment typically has a fineness of .999 or higher, meaning it should be 99.9% pure. Most silver bullion falls into one of two categories: coins and bars.
What is Gold Bullion?
Bullion is a term used to describe a precious metal in an exceedingly pure form, usually more than 99.5% pure. Gold bullion comes in two distinct forms: coins and bars.
Types of Silver Bullion
Coins are some of the most accessible silver pieces. Because many nations continue to mint silver coins as currency, most people have seen or held a silver coin. Silver bullion coins are a bit rarer because of their high content of silver; usually, these coins are not circulated but instead kept secure by investors and collectors.
Silver bullion bars are made for investment, minted into rectangular shapes for easy stacking and storage. Silver ingots are a type of silver bar that is made by casting the bar in a mold instead of cutting the bar from a strip. Often, the term “ingot” and the term “bar” are used interchangeably. Scottsdale Mint offers a unique silver bullion bar called a silver nugget, which celebrates the silver mining history of Arizona with a distinctive shape and texture.
Silver Bullion Sizes
Investors can find all manner of sizes of silver bullion available from Scottsdale Mint, from 5 grams to 1 kilo. The most popular size of silver bullion is 1 ounce, but many investors acquire multiple 1-ounce bars or coins to pad their portfolios. It is much easier to acquire a large amount of silver compared to other precious metals, like gold, because the price of silver is more accessible to most investors.
Gold Bullion Sizes
Scottsdale Mint offers gold bullion in an array of sizes, from 1 gram to 1 kilo. The most popular size of gold bullion bar for investment is the troy ounce, which is large enough to feel like a significant investment and affordable enough to fit many investors’ budgets. Fortunately, because gold holds its value incredibly well, investors do not need vaults stacked with gold bricks to enjoy the benefits of bullion.
What is the difference between an ounce and a troy ounce?
The troy ounce is the standard unit of measure in weighing precious metals. Created in Troyes, France, the troy remains in use today to distinguish precious metals from other goods. While the standard ounce is the equivalent of 28.35 grams, the troy ounce is slightly more at 31.1034768 grams. Generally, when a precious metal vendor advertises a product as an ounce, they mean a troy.
