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 😱😱
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