Where to Buy Silver Bullion in Toronto
Visit Au Bullion for variety. They offer silver bars, rounds, and coins from the Royal Canadian Mint and other international mints. Helping new purchasers understand what they are investing in is something the staff takes great delight in. They are in the financial district, which is a great location.
How to Determine the Purity of Silver Bullion
There are a few methods you can use on your own to assess the purity of silver.
- First, look for inscriptions such as ".999 fine silver" or "99.9% pure silver." On bars or rounds, reputable bullion dealers will prominently mark the purity. Markings and extra testing, however, neither of which alone can ensure quality.
- Look at the hue and luster. Silver of high purity will be brilliant, lustrous, and metallic in appearance without any yellow or coppery undertones. Low-quality silver jewelry and silver alloys typically have a drab or muddy appearance.
- Test your magnets. If a magnet attaches to pure silver, it probably contains impurities because pure silver is not magnetic. The absence of magnetism, however, is not a guarantee of purity because not all stainless steel is magnetic.
- A tester for electronics or acids should be used. Checking purity levels can be done with electronic testers and acid testing kits. They do need the purchase of additional equipment, although they might be worthwhile for expensive purchases.
- Verify the weight and measurements. High-quality silver pieces will be homogeneous in size, shape, and thickness and free of surface pits or grains. The weight should be consistent with measurements for similar-sized pieces .999 pure silver. Impurities or plating may be the cause of significant variances.
- You can tell if a piece of silver bullion is authentic by closely inspecting its marks, color, magnetism, and measurements. Before any cash is exchanged, the silver is a 999 fine. Additionally, it's essential to avoid anything suspicious because your silver stack deserves nothing less.
What to Look for When Buying Silver Bullion in Person
Check the Stamp: The most crucial step is to confirm the stamp on each bar or round. This reveals the weight, purity, and mint.
Examine the Edges: The edges of silver bars and rounds should be clean, crisp, and smooth. Rough, uneven, or chipped edges indicate lower quality or possible damage.
Check the Colour: Counterfeit silver items often appear too dazzling or have a faint yellow tint. Due to the minute amounts of copper in sterling silver, scratching the outermost layer of a high-quality piece may expose a slight copper coloring.
Buy from Reputable Dealers: Please purchase from reputable precious metals merchants who place a premium on honesty and integrity.
