I've been looking online and I don't know what the difference is between cast silver and minted silver? The articles say minted is more expensive even when weighed the same...π€·π»
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I've been looking online and I don't know what the difference is between cast silver and minted silver? The articles say minted is more expensive even when weighed the same...π€·π»
Sometimes cast or hand-poured silver is more expensive!
!invest_voteThis might help: https://blog.goldeneaglecoin.com/difference-poured-pressed-silver-bars/
Usually when it is smaller poured bars, made by independent casting houses.
I got my 3600 ozT order for the lowest premiums available, but they are made like the big boys at the CRIMEX warehouses. These are high volume bulk trading bars. So I stand to make the most profits when it's time to sell. I don't have your beautifully tuned eye for beauty, I just key in on the most shinies for my Dollar...
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@silversaver888 denkt du hast ein Vote durch @investinthefutur verdient!@silversaver888 thinks you have earned a vote of @investinthefutur !
Minting is the process of pressing out a coin, round, or ingot and other than the heavy machinery, there are also several more steps in making the planchets (blank coins) which must be very precise in weight.
Private casters (pourers) must buy pure silver to melt, and the most obvious way to get good stock is to buy coins and rounds. So they are operating at a higher price point before they even start. Those industrial bulk casting firms, making the huge bars, are starting out with stock just like the planchet suppliers, and at reduced costs. I bought 3 dozen 100 ozT cast bars earlier this year, and the premium was very reasonable. $1.49 per ozT.
Premiums on cast art bars are sometimes 100% or more π±π±