10 oz Sunshine Silver Bar | Gold IRA Guide
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10 oz Sunshine Silver Bar

Gold IRA Guide / 10 oz Sunshine Silver Bar

Ten ounce Sunshine Silver Bars are a flagship bullion product produced by Sunshine Minting Incorporated. Sunshine minting boasts centuries of the combined experience of its employees though it is only decades old. This full service minting facility takes pride in the way that it has shaped international standards. They are well regarded by the industry as a leader in the bullion minting field. Sunshine has continuously grown and prospered in the minting industry thanks to their established history and reputation for innovation and quality. Their 10 ounce Sunshine Silver Bar remains a favorite of investors. This is due in part to the detailed yet still concise design of the piece combined with its high level of silver purity. The brand name recognition helps to ensure that this bar is always sought after in the category of bigger silver bars.

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Sunshine History and Background

Sunshine is among the newer mints in the bullion industry. It was founded in 1979. The mint is headquartered in Idaho in North America. This part of the U.S. where it is based proves to be among the richest silver sources for the whole country. In only a handful of decades, Sunshine Mint has established itself as one of the most heavily distributed and acknowledged bullion brands.

Part of their success can be attributed to their leadership in bullion bar product security. The company has always been interested in helping buyers and sellers of the bars to be able to distinguish the genuine bullion from counterfeits. To this effect, each and every one of their bullion products they mint now includes their innovative new Mint Mark SI™ feature for security. This is a unique Scrambled Indicia element in all of their bullion bars. The micro engraved mark can only be seen by holding the proprietary Mint Mark SI™ decoding lenses atop the security pad.

Besides these 10 ounce silver bars, Sunshine also makes one half ounce, one ounce, five ounces, 20 ounces, one kilogram, and hundred ounce silver bars along with a range of gold bullion bars as well.

Bar Design

Attractive simplicity sets apart the 10 ounce Sunshine Silver Bars. The front side is typical for the bullion bar industry. It details the bar weight, silver purity, and mint logo. The bottom half of these bars specifies clearly the 10 ounce mass and .999 purity level. The top half of the bar features prominently the attractive logo of the Sunshine Silver Eagle. This design has become the mint's internationally recognized hallmark.

The bar's back side sports various rising sun depictions in diagonal patterns. Almost all sizes of Sunshine Silver Bars include this design. The majority of their bars (and all of the newer ones) come with a V2 anti fraud security feature that is found in the middle of the rear side of the bar. It shows the word “valid” when individuals look at is using the Sunshine decoder lens. This ensures prospective buyers and sellers that the bar is pure and authentic. This is one of the many features that puts Sunshine in a league of its own compared to other bullion industry mints.

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Bar Specifications

Sunshine makes a 10 ounce silver bar that is IRA approved.  Their company stands behind the weight and fineness of every bar they produce. Its specifications are as follows:

  • Mass: 311 grams
  • Thickness: 6.7 mm
  • Dimensions: 90 mm x 51.9 mm
  • Silver Content: .999 fine silver

Every 10 troy ounce Sunshine Silver Bar carries a fineness of .999 (99.9% silver content).

Sunshine Silver Bar Pricing

Bullion coins are not like silver bars. While the coins often have a legal tender status, such bullion bars do not possess any face value. This does not stop silver bars from offering you advantages over silver coins when you are ready to consider physical silver. Bullion bars are not collected and so are produced in considerably smaller quantities than the bullion silver coins. This results in a market price for silver bars that is nearer the actual spot price of silver. It ensures that these silver bars are the most efficient way to buy and own silver.

The market price of such bars is important, since it determines the worth of precious metals you have for either investment or retirement account purposes. Each trading day, silver prices rise and fall. Accordingly, the Sunshine Silver Bar value goes up and down every day too. You can easily check out the live pricing of precious metals on our site by navigating to our home page.

Investing in Sunshine Silver Bars Through an IRA

The Internal Revenue Service has sanctioned including such silver bullion products as 10 ounce Sunshine Silver Bars in your IRA account. They have strict rules for silver that you can include in these accounts. These types of IRAs are often referred to as precious metals IRAs for the bars and coins which the IRS permits them to hold. Sunshine Silver Bars may be kept in such self directed IRA accounts. Because the spot price of silver is substantially less expensive than gold, it makes a popular choice as a hedge for your investments.

Sunshine Silver Bars meet the purity requirements the IRS mandates for IRA silver bullion with its 408(b) section of code. First purchases have to be at least $5,000 of qualified silver bullion. Subsequent additions can be made for as little as $1,000 more. The IRS requires that every bar and coin in these IRAs be stored in a third party depository. These approved vaults keep your bullion safe so you do not have to worry about it. You are able to simply transfer over an existing IRA account to a precious metals IRA by rolling it over.

Because of their worldwide reputation and recognition, Sunshine Silver Bars are easy to buy and sell. Their liquidity makes it simple to exchange them with coin and precious metals dealers throughout the U.S. and around the world. Your IRA administrator will purchase the bars on your behalf and have them transferred to the depository when you give the order. These can be bought from Sunshine Minting's exclusive global distributor A-Mark Precious Metals or from other bullion dealers around the world.

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