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| Product | /oz | Premium | Price | |
|---|---|---|---|---|
Canadian PMX
Out of Stock
|
$69.05 | +18.62% |
$17.30
CA$24
|
View Deal |
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1/4 oz Silver Bar: frequently asked questions
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A 1/4 troy ounce silver bar weighs 7.7759 g. One troy ounce is 31.1035 grams, so one quarter of that is 7.7759 grams of .999 fine silver. Troy ounces (used for precious metals) are slightly heavier than avoirdupois ounces used for everyday goods.
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Generic 1/4 oz silver bars are typically 999 fine, meaning 99.9% pure silver. This is the standard fineness for investment-grade silver bars and meets the purity threshold required for recognition as bullion in most markets.
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Tax treatment varies by country. In the UK, silver bullion carries 20% VAT on purchase, and gains are subject to Capital Gains Tax at 18% or 24% depending on your income. In Canada, silver is GST/HST exempt (0%), but 50% of any capital gain is added to taxable income. US sales tax rules vary by state, and gains are taxed federally at up to 28%.