100 oz SilverTowne Pony Silver Bar

100 oz of Cast American Silver

The 100 oz SilverTowne Pony bar is a cast silver bar from one of the oldest private mints in the United States. SilverTowne has been operating out of Winchester, Indiana since 1949, and the Pony Express rider design is their most recognised bar motif. Each bar contains 100 troy ounces (3,110.3 grams) of .999 fine silver.

Cast bars are produced by melting silver shot in moulds through a flameless tunnel furnace, then hand-stamping each piece individually. This process sits between fully hand-poured bars (the most labour-intensive method) and machine-struck minted bars. The result is that no two SilverTowne Pony bars are identical: stamp placement, cooling patterns, and surface textures vary from bar to bar. For buyers who value individual character in their silver, cast bars offer something that uniform minted products cannot.

At 100 oz, the Pony bar occupies the largest standard retail silver bar size. The per-ounce premium at this weight is among the lowest available in physical silver, making it a practical choice for accumulating significant silver positions. The bar ships without serial numbers, certificates of authenticity, or assay cards, consistent with the cast bar format. Authentication relies on the SilverTowne mintmark, the Pony Express logo stamp, and the unique physical character of each piece.

SilverTowne is both a mint and a retail dealer, selling their own products alongside coins and bullion from other sources through their Winchester location and online store. The Pony bar series spans four sizes: 5 oz, 10 oz, 1 kilo, and this 100 oz format. The 100 oz bars are sold in master boxes of five, indicating demand from dealers and larger accumulators.

100 oz SilverTowne Pony Cast Bar Specifications

The obverse features the Pony Express rider-on-horseback design, hand-stamped alongside the SilverTowne mintmark, weight designation, and .999 fineness marking. The reverse is blank, bearing only the random cooling marks left by the casting process: wave patterns, bubble marks, and handling lines from the hot metal.

Dimensions vary slightly between individual bars due to the casting process. As a rough guide, 100 oz silver bars from various manufacturers typically measure approximately 140mm x 80mm x 25mm, though cast bars may deviate from these figures.

SilverTowne Pony Series Size Range

Tax Treatment for the 100 oz SilverTowne Pony Bar

The SilverTowne Pony bar is not legal tender in any jurisdiction. It carries no face value. Tax treatment depends entirely on the buyer's country and, in the US, the buyer's state.

United States

Silver bars at .999 purity from recognised manufacturers are IRA-eligible when held by an approved custodian, and SilverTowne bars qualify. Capital gains on silver are taxed at the collectibles rate of up to 28% for holdings over one year, higher than the standard long-term capital gains rate applied to stocks. Short-term gains (under one year) are taxed as ordinary income. Sales tax varies by state: roughly 35 states exempt bullion entirely, while others impose sales tax or have threshold-based partial exemptions (California exempts purchases over $2,000, Florida over $500, New York over $1,000).

United Kingdom

Silver bars are subject to 20% VAT on purchase. There is no CGT exemption for bars (unlike UK legal tender coins such as Britannias and Sovereigns). Capital gains tax applies at the individual's rate (18% basic, 24% higher) above the annual allowance. SilverTowne bars are uncommon in the UK market, and the VAT burden makes imported American silver bars particularly expensive for UK buyers.

Canada

Silver bars at 99.9% purity or above are exempt from GST/HST at the federal level. SilverTowne Pony bars at .999 fine qualify for this exemption. Capital gains are taxed at a 50% inclusion rate.

Australia

Investment-grade silver bars at 99.9% purity or above are GST-free. The SilverTowne Pony bar qualifies. Capital gains tax applies on disposal, with a 50% discount available for assets held longer than 12 months.

Singapore and Hong Kong

Singapore exempts investment precious metals (silver at 99.9%+ purity) from GST. Hong Kong has no sales tax, no import duty, and no capital gains tax on bullion.

SilverTowne Pony vs Other 100 oz Silver Bars

The 100 oz silver bar market includes products from a range of manufacturers, and the SilverTowne Pony sits in the branded cast bar segment. The main decision at this weight is between cast bars with individual character and minted bars with uniform consistency.

The 100 oz Valcambi bar is a Swiss-refined minted product with LBMA accreditation and a more institutional appearance. Valcambi bars carry serial numbers and a cleaner, more uniform finish. For buyers who prioritise internationally recognised refinery branding and serialised traceability, the Valcambi is the more conventional choice. The SilverTowne Pony appeals to a different buyer: someone who values the handmade aesthetic and the American frontier heritage of the design.

The Royal Canadian Mint produces a .9999 fine 100 oz bar (one additional nine of purity), serialised with government-mint backing. RCM bars are widely accepted by IRA custodians and dealers worldwide. The trade-off is a slightly higher premium for the government mint provenance and higher purity.

Vintage Engelhard and Johnson Matthey 100 oz bars trade on the secondary market at collector premiums above their silver content. Both refineries have ceased production (Johnson Matthey sold its refining operations to Asahi in 2015; Engelhard was acquired by BASF). SilverTowne Pony bars are current production and more affordable, while offering a similar poured-bar aesthetic to the vintage pieces.

Compared to other American private mint products at this weight, the Scottsdale Stacker offers an interlocking design that allows bars to nest together securely. The SilverTowne Pony does not interlock but instead emphasises its Pony Express frontier imagery. Both are cast products from established US mints, and both appeal to the poured silver segment of the market. The Pony Express design (April 1860 to October 1861, covering nearly 2,000 miles of mail delivery by horseback relay) connects the bar to American frontier history in a way that purely geometric designs do not.