OPM, otherwise referred to as Ohio Precious Metals, is a refinery and mint located in Jackson, Ohio, in the southeastern part of the state. They were founded back in 1974 and since then have risen to being one of the top gold and silver producers in North America.
For the best prices on Ohio Precious Metals silver bars, be sure to visit JMBullion.com, who is the lowest priced online supplier of OPM silver products, especially new 1, 10, and 100 oz, and 1 kilo silver bars.
They are a particularly big hit with those investors who consider themselves environmentally-conscious due to the fact that all of their silver bullion is primarily sourced from recycled materials. OPM does their part in attempting to reduce their carbon footprint by releasing fewer emissions and refusing to work with chemicals and materials which are known to be harmful to the environment.
Even though OPM bars are made primarily from recycled materials, they are still able to adhere to the highest quality standards in the precious metals industry. Since they have only been in business since 1974, OPM continues to grow and expand their foothold in the precious metals industry.
Silver Bar Sizes
OPM has an offering of silver bars which spans across a variety of different weights. Ranging from small to large, OPM silver are able to fulfill the investment needs of almost any type of investor.
Their offering of silver bars includes the 1 oz, 10 oz, 1 kilogram, and 100 oz varieties. For smaller investors, or those who are looking to simply make a small addition to an existing investment, the 1 and 10 oz OPM silver bars are going to be the most obvious choice. For those investors with a little bit of a larger budget the 1 kilogram (32.15 ounces) and 100 oz bars may be the perfect addition to an investment.
Every OPM silver bar has the OPM mintmark, weight indication, and .999 purity indication pressed into the bar itself.
Typical Premiums
In the precious metals industry, the value of a precious metal such as gold or silver is determined by both its purity and weight. This value is referred to as the spot price, and is always changing on the open market. Sometimes the spot price goes up and other times it goes down, much like the way stocks react on the stock market.
Beginning investors are often under the impression that the current spot price of silver is the amount of money they can expect to pay for an ounce. While, in an ideal world, that would be great, the reality is that precious metals dealers would be able to make no money if they simply sold the metals at spot price. Because of this, a premium is added to the spot price of silver per ounce.
As far as OPM silver bars go, the typical premium, per ounce, will range anywhere from $2 to $5 over the spot price of silver. This is not an exact range, but more often than not you will find OPM bars being no less than 2 dollars over spot and usually no more than 5 dollars. As the size or amount of silver you purchase grows, more often than not the premium per ounce decreases. This is why if you are looking to get the best deal on OPM silver bars, the best option is to buy in bulk.