Last Updated on March 17, 2024 by Ben
Royal Canadian Mint Silver Bars
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The Royal Canadian Mint has been manufacturing precious metal coins and bars for more than a century. Founded in 1908, the Royal Canadian Mint was originally established to refine gold mined from Yukon Territory. They are now known around the world for their high-quality bullion products, which include many types of silver bars. This product has a beautiful design on either side with an image that consists of a lion’s head above the weight, purity, and serial number designation.
The Royal Canadian Mint
The Royal Canadian Mint just released their latest bullion offer. It is the 10-ounce RCM Silver Bars. The other dimensions of Royal Canadian Mint bullion bars are made of .9999 pure silver. This silver bar is among the purest silver bullion bars that investors can buy. Canada’s national mint produces every bar and backs it for quality. These bars are popular because they have security features that make them a good choice for people who want to keep their precious metals and retirement portfolios safe.
RCM Silver Bars History and Background
RCM is the Royal Canadian Mint. They produce coins for Canada and other countries. RCM is a Crown Corporation because they were established in 1908. The government of Canada completely owns the organization since 1988, when it became independent after being under British rule for 100 years. There are only two RCM minting facilities in Canada, one in Ottawa and one in Winnipeg.
The Ottawa location began producing coins in 1901. The Winnipeg location opened later than the Ottawa facility but has produced coins for a long time now.
The RCM has a history of making high-quality coins. It makes these coins in silver that is 99.99% pure and meets all the standards for trading on the international market set by the London Bullion Market Association. This silver is very pure. It’s the best that you can buy if you are a private investor.
All of its coins and bars are guaranteed by Canada’s government. Investors like these coins and bars because they have strict quality standards and history. The Royal Canadian Mint’s 10 oz silver bars are accepted in many different markets. They are the only national government that produces 10 oz bars of silver.
Royal Canadian Mint Physical Characteristics
Bar Design
These RCM Silver Bars’ front surface features a logo centered and framed by the Canadian maple leaf. The middle of this maple leaf design includes the name Royal Canadian Mint in the two languages spoken in Canada, English, and French. The silver bar has a logo on it and says how many ounces are in the bar. It also tells you that it is made of .9999 fine silver. The maple leaves on top of the stamp tell you that it is from Canada.
At the rear of the bar is a number that begins with 9900. This number is on the rear of the bars, too. There is a maple leaf symbol that repeats in horizontal lines on it.
The bars have a lot of security and packaging features. They have edges that are like coins, so people cannot copy them. They also have numbers on the back, so people know if it is the right one. All of the bars are individually close up and packed in specific RCM packaging. The finish of the bars is a one-of-a-kind RCM beautiful bullion finish (gold). This provides an unparalleled level of protection to buyers of these gold bars. The packaging also prevents scratches.
Specifications
There are different types of silver bars. They come in different sizes, from one ounce to 1000 ounces. The ten-ounce size is a popular choice because it has these specifications:
- Mass: 283.5 grams
- Dimensions: 90.02 mm x 51.92 mm
- Thickness: 4.76 mm
- Silver Content: .9999 fine silver
Despite their weight or shape, all the silver bars made by RCM have a fineness of .9999. This means that they are 99.99% pure silver.
Canadian Silver Products
The Canadian Silver Maple Leaf
Canada has some silver bars. They are called the Canadian Silver Maple Leaf. One of its options is silver. The first gold bar was made in 1979, and then the Canadian Silver Maple Leaf came out in 1988, which meant that people could have more choices about what kind of silver there would be for them to buy. The Canadian Silver Maple Leaf coin was launched in 1988.
It is the first-ever .9999 pure silver bullion coin that is available to investors. It has a value of $5 (CAD), backed by Canada’s government. There are designs on the Canadian Silver Maple Leaf. These include:
The obverse view features the effigy of Queen Elizabeth II, with updates to her appearance made regularly. The image on the bar shown is representative of Dora de Pedery-Hunt’s third-generation portrait from 1990-2002 or Susanna Blunt’s fourth-generation depiction (2003 – present).
The reverse of all Canadian Maple Leaf coins is the famous sugar maple leaf. This design was fabricated in 1979 by Walter Ott. It features on the silver coin with the words “Canada,” “9999,” and “1 oz Fine Silver Argent Pur.”
Canadian Silver Wildlife Series
The Canadian Wildlife Series silver coins are among the most popular bullion coins from the Royal Canadian Mint and have a face value of $5(CAD). The six-coin collection launched in 2011, with 1 Troy oz. A silver coin had 0.9999 pure silver content. Each of the coins had a limit of 1 million coins. There were two new designs each year for six years until 2013, when the series ended with eight different designs.
- Timber Wolf (2011)
- Grizzly (2011)
- Cougar (2012)
- Moose (2012)
- Wood Bison (2013)
- Pronghorn Antelope (2013)
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Canadian Silver Predator Series
Canadian silver coins are a popular choice for collectors and investors. The Royal Canadian Mint’s most popular and recognizable coin is the Canadian Silver Maple Leaf. But this sovereign mint also makes some special editions and coin series that are popular in Canada. They may be even more popular in the United States.
There are four planned coins in the Canadian Predator series. Three of them have been released. I am writing this as of now, so there is one more yet to come.
Royal Canadian Mint Silver Bars
The Royal Canadian Mint sells silver bars that are high quality and have a purity of 999.99. These bars are different from other silver bars because they have a reeded edge and come with serial numbers stamped on them. They can be purchased in 10-ounce sizes, but you can also buy smaller ones too. Each bar has a different number and a unique finish. The Royal Canadian Mint is the best place to get gold bars because they are very careful about how they do things.
The reverse of a 10 oz RCM silver bar has the Royal Canadian Mint logo. There is also a maple leaf combined with part of the M. Below that; it says “Royal Canadian Mint” and “Monnaie Royale Canadienne.” It also has engravings about the specifications of the silver bar.
RCM Silver Bars Pricing
Bullion coins and silver bars have some differences. Bullion coins can be used as money, but silver bars are not called legal tender. This means that they do not have any face value. Regardless of this fact, silver bars have advantages that are hard to come by with silver coins. Silver bars are made in much smaller numbers than the number of bullion coins.
The collectible appeal for bars is low. This means the market price of silver bars is close to the silver spot price. Silver bars are a good way to buy silver because they are affordable, and you can save money if you buy more bars.
The price of the market decides how much your assets are worth. The value of silver can change every day based on the market. This conveys that the prices for RCM Silver Bars go up and down on a weekday.
Investing in RCM Silver Bars Through an IRA
The IRS wants to know about the silver bars that you have. They want you to show them what they are. The IRS will not approve these bars for your IRA account if they do not meet certain standards. These retirement accounts are often called precious metals IRAs. This means that you can put approved bullion bars and coins in these IRAs.
You can buy silver bars with IRAs and keep them in this IRA account. These silver bars are a consistent choice of investors because the spot price of silver is always less than the gold prices. They also make for an affordable investment hedge and insurance policy, which makes them an overall good deal.
RCM Silver Bars are the best. They meet the minimum requirement for purity, which is .999. You might have to buy a lot of these because you first need to buy at least $5,000 worth of them. You can buy as little as $1,000 worth of silver in an IRA account. You don’t need to worry about taking care of it if you don’t want to.
There are third-party vaults that take care of the gold for you so that you can just enjoy your investment. When you roll your existing IRA over, you can put it into an IRA that is made of gold or silver.
The RCM Silver Bars are recognized all over the world. They can effortlessly be bought and sold at coin dealers or precious metals dealers. They have a serial number and are recorded with the LBMA. Your IRA administrator will purchase these bars from a reputable dealer. You will give instructions to buy those bars.
Conclusion
The Royal Canadian Mint (RCM) is Canada’s national mint, and a whole lot more. It’s the sole one in North America that produces circulation coins for its own currency as well as other countries around the world. RCM also makes collector coins, medals, medallions, and tokens to commemorate different events or people of significance.
But what does this have to do with investing? Well, if you’re looking at investing in RCM precious metals – silver bars, for example – then it may be worth having an eye on market prices for precious metals before making your purchase decision.