Five Ounces Under the Buffalo
The SilverTowne Buffalo 5 oz Silver Bar holds five troy ounces of .999 fine silver, struck at the SilverTowne Mint in Winchester, Indiana. Five troy ounces, .999 fine, carrying the Native American portrait and the bison from the old Buffalo nickel. It ships new.
The Nickel Design, Five Ounces Bigger
The U.S. Mint issued the Buffalo nickel from 1913 through 1938, and its two designs are still among the best known in American coinage. SilverTowne puts both on this bar, each inside its own round frame. The front carries the right-facing portrait with LIBERTY along the edge, set on a frosted background, with .999 FINE SILVER and FIVE TROY OUNCES stamped below it. The back carries the bison standing on open ground, with UNITED STATES OF AMERICA and E PLURIBUS UNUM above it. A crisscross waffle pattern covers the rest of the back from edge to edge.
From a Cigar Box to a Mint
SilverTowne began in 1949, when Leon Hendrickson started selling coins out of a cigar box kept under the counter of his restaurant in Winchester. The business grew into a coin dealership and a mint, and in 2008 the American Numismatic Association named Hendrickson its Numismatist of the Year. Still in Winchester, Indiana, SilverTowne strikes its bars in the same town where it started.
A Bar, Not a Coin
The design comes from a U.S. coin, but this is a privately minted bar. No government issues it and no denomination appears on it, so its value is the silver it holds. Five ounces in one piece also means fewer pieces to count and store than five single ounces, at the cost of selling in five-ounce steps rather than one ounce at a time.
SilverTowne Buffalo 5 oz Silver Bar Specifications
Each bar holds five troy ounces of .999 fine silver and measures 61.4 mm by 36.4 mm and 7.6 mm thick, with a smooth edge. 61.4 x 36.4 mm, struck by the SilverTowne Mint. Condition and IRA eligibility are on the Specifications tab above.
SilverTowne Buffalo 5 oz Silver Bar FAQ
Who makes the Buffalo 5 oz bar?
The SilverTowne Mint in Winchester, Indiana, part of the coin business Leon Hendrickson founded there in 1949.
Is this the same design as the Buffalo nickel?
It is inspired by it. SilverTowne adapts the Native American portrait and the bison from the nickel the U.S. Mint issued from 1913 through 1938, and adds its own crisscross pattern on the back.
Is the SilverTowne Buffalo bar a coin?
No. It is a privately minted bar with no denomination, so it is valued by its silver content.
How big is a 5 oz silver bar?
This one measures 61.4 by 36.4 mm and 7.6 mm thick.
Is the SilverTowne Buffalo 5 oz bar IRA eligible?
Yes. At .999 fine silver, it meets the purity requirement for silver held in a precious metals IRA.
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