1oz Silver Bar (Best Value) Specification

One troy ounce of at least 999 fine silver. The refiner and design vary, but every bar is stamped with its weight and purity.

Material

Silver
Denomination / Size

1 Ounce
VAT Status

Margin
CGT Status

Not Exempt

Product Description

If you want silver at a price that stays close to the value of the metal, a best value 1oz bar is a simple place to start. You're paying for the silver, not for a famous design or a special finish.

These bars are pre-owned, which means they've had a previous owner. The silver inside is exactly the same as in a new bar.

Why choose a 1oz silver bar?

One troy ounce of silver, at least 999 fine
Silver is priced per troy ounce, so the bar is easy to value
A low outlay, so you can buy one at a time
Small and simple to store

Which bar will I get?

We send the best value 1oz bar we have in stock. Our pre-owned stock comes from a mix of recognised refiners, so the brand, shape and design can vary. Every bar is stamped with its weight and purity.

Condition and toning

As these bars are pre-owned, some may show light handling marks or toning. Toning is a thin coloured layer that forms when silver reacts with the air over time. It's purely cosmetic and doesn't change the amount of silver in the bar.

Packaging

Depending on how they reached us, bars may arrive sealed in their original packaging or loose. Either way, we pack every order securely for delivery.

Checked by our team

Every pre-owned bar is checked by our team before it goes on sale. If we can't verify a bar, we won't sell it.

Other sizes

Want more silver in one piece? Take a look at our pre-owned 50g silver bars and 100g silver bars.

Delivery Information

Your order is sent by Royal Mail Special Delivery, so it's fully insured and tracked.

Place your order before 1pm on a weekday and we'll normally dispatch it the same day, as long as it's in stock. Pre-owned stock changes quickly, and every bar is checked before it's posted.

Would you rather collect? Select 'Click & Collect' at checkout to skip the postage. We'll hold your order at our Royal Wootton Bassett branch and email you once it's ready. You'll need official photo ID, like a passport or driving licence.

You can pay by UK debit card or bank transfer. We don't accept credit cards.

We only supply UK customers.

Investing Information

VAT on pre-owned silver

New silver bars carry VAT at the standard rate on the full price. These bars are pre-owned, so they're sold under the VAT margin scheme instead. VAT is only charged on our margin, not on the whole price.

Capital Gains Tax

Silver bars aren't legal tender, so they aren't exempt from Capital Gains Tax. You'd only pay CGT if you sold at a profit and your total gains for that tax year were over your annual allowance.

UK legal tender silver coins, such as our best value 1oz Silver Britannias, are exempt from CGT. Silver bars aren't.

How silver prices move

Silver's price can move more sharply than gold's, partly because so much of it is used by industry.

Selling your bar

When you sell, the price you receive will follow the silver price on the day. Gold Traders buys silver too, and you can see our current silver prices at any time.

Good to know: we can explain the tax facts for this bar, but we can't give personal financial advice. Please do your own research, and get professional guidance if you need it, before you invest.

Product Specification

Metal

Silver

Fineness

999 minimum

Silver content

1 troy oz (31.10g)

Refiner

Mixed recognised refiners

Design

Varies

Condition

Pre-owned

Packaging

Sealed or loose (varies)

Denomination Information

What is a troy ounce?

Precious metals are weighed in troy ounces. One troy ounce is 31.1 grams, which is about 10% heavier than the ounce used for food.

How silver bars are made

Silver bars are either cast or minted. Cast bars are made by pouring molten silver into a mould, which gives them a rustic look. Minted bars are cut from a sheet of silver and stamped, giving them sharp edges and a smooth finish. Small bars like these are usually minted.

Why silver?

Silver has been used as money for thousands of years. Today it's also an important industrial metal, used in electronics, solar panels and medicine.

Why the 1oz size?

The 1oz bar is the smallest common size for silver bullion bars. It's easy to buy, store and sell, and it lets you build up your silver one bar at a time.

About Us

Every pre-owned bar we sell is checked by our team first. Anything we can't verify never goes on sale.

Gold Traders has bought and sold precious metals since 2008. We were the first precious metals company in the UK to earn Trading Standards accreditation through the national Buy With Confidence scheme, and we're members of the British Numismatic Trade Association.

Customers choose us for:

Honest pricing linked to the live silver market
Fully insured Royal Mail delivery anywhere in the UK
Collection from our Royal Wootton Bassett office (with photo ID and proof of address)

See what people say in our customer reviews on Trustpilot, Google and FreeIndex. We can't give personal financial advice, but we're always happy to answer questions about this bar or how to order.

Your questions answered

We've compiled a list of our most frequently asked questions. If there's something we haven't covered, please call us & we'll be happy to help. Read all FAQs.

We send the best value 1oz bar we have in stock, so we choose the brand. Our pre-owned bars come from a mix of recognised refiners, and every bar is stamped with its weight and purity.

Silver slowly reacts with the air over time, which can leave a thin coloured layer called toning. It's purely cosmetic and doesn't change the amount of silver in the bar.

Yes, with Click & Collect. We don't make walk-in sales, for security and stock reasons, so please order online and choose 'Click & Collect' at checkout to avoid postage.

Your order will be ready at our Royal Wootton Bassett branch once we've emailed you. Please bring official photo ID. Payment is by UK debit card or bank transfer, not credit card.

Not always. Depending on how they reached us, bars may come sealed in their original packaging or loose. We pack every order securely for delivery.

If it's in stock and you order before 1pm on a weekday, we'll normally send it the same day by Royal Mail Special Delivery, fully insured and tracked.

Silver bars aren't legal tender, so they aren't exempt from CGT. You'd only pay it if you sold at a profit and your total gains for that tax year were above your annual allowance.

We accept UK debit cards and bank transfers. We can't take credit cards, Amex or business payment cards.

Only on our margin. Silver isn't VAT-exempt in the UK, but because these bars are pre-owned, we sell them under the VAT margin scheme. VAT is worked out on our margin rather than the full price, and there's nothing extra to pay at checkout.