Silver Bars

100-oz silver bars for sale

One hundred ounce .999 fine silver bars are a convenient way for investors to invest in silver. 100-oz silver bars are uniform in shape, which means they are easy to stack and store. Because silver bars individually weigh only 6.86 pounds on bathroom scales, they are easy to handle.

Further, 100-oz silver bars are .999 fine (99.9% pure), which means investors can store a great amount of wealth in a relative small space. Because 100-oz silver bars are accepted trading units, they are as easily sold as they are bought.
 

Silver bars readily available:

Engelhard silver bars
 

Engelhard silver bars, along with Johnson Matthey silver bars, carry the greatest recognition with silver investors because of their longevity in the precious metals industry.  There are no better names in the precious metals industry than Engelhard and Johnson Matthey.

And, this is despite Engelhard bars not having been manufactured since the late 1980s.  Engelhard silver bars are available only when sold by investors.

Most Engelhard 100-oz silver bars are extruded (maybe 20% are poured).  Because of they are flat and wide, Engelhard silver bars stack and store nicely, making them ideal for storage in safe deposit boxes. All extruded Engelhard silver bars measure the same; poured Engelhard silver bars can vary a little in dimensions.

Johnson Matthey silver bars
 

Because of the esteemed name, Johnson Matthey silver bars are equally as popular as Engelhard silver bars. Johnson Matthey currently is manufacturing poured 100-oz silver bars and are usually available.

Johnson Matthey has not produced their struck silver bars since the late 1980s; therefore, struck JM silver bars are available only when sold by investors who bought them years ago. Making the Johnson Matthey struck silver bars still more scarce is the fact that not many were made in the first place.
 

Academy silver bars for sale
 

Academy silver bars are growing in popularity and acceptance because they are manufactured with CNC (computer numerical controlled) machine tools that result in precision cut bars being identical in size and shape. Academy silver bars are the only silver bars that we know of that are manufactured with this high-tech process.

Academy silver bars are cut with interlocking grooves and can be stacked like Lego pieces. Academy silver bars are serially number, which is not the case with most other silver bars presently being manufactured.
 

Wall Street Mint silver bars
 

Wall Street Mint 100-oz silver bars, first produced in 2002, are produced by an extrusion process. Therefore, they are exactly the same dimensions, which make them ideal for stacking and securing in safe deposit boxes.

Wall Street Mint is better known for its 10-oz silver bars, which carry the skyline of New York City with the Twin Towers still standing.
 

Sunshine silver bars
 

The name Sunshine is nearly synonymous with silver because of the famed Sunshine Mine, in the equally-famed Coeur d'Alene Mining District, near Kellogg, Idaho. Further illustrating Sunshine Minting's prominence in the silver industry, the U.S. Mint uses Sunshine 1-oz blanks to produce its Silver Eagles. Investors can buy Sunshine silver bars with confidence that they are buying a renowned name in the silver industry. Sunshine silver bars can be either struck or extruded.
 

How 100-oz silver bars came to be

In the early 1970s, inflation ran rampant, and investors moved to protect themselves financially by buying silver, one of two proven inflation hedges. Gold, of course, is the other, but before December 31, 1974, investors could not legally own gold bullion.

To meet the surge of silver buying, small refiners began turning out .999 fine silver products. By the mid-1970s, demand was robust and Engelhard, a major precious metals refiner, began producing .999 fine silver products. Engelhard 100-oz silver bars were instant hits, and shortly thereafter Johnson Matthey, another prestigious precious metals refiner, began pouring 100-oz silver bullion bars.
 

Engelhard and Johnson Matthey cease producing silver bars

By the mid-1980s the Reagan administration had brought down the rate of inflation, and silver buying waned. As a result, Engelhard and Johnson Matthey ceased production of silver bullion products. However, because of the huge quantities of silver bars turned out in the 1970s and 1980s, Engelhard silver bars and Johnson Matthey silver bars were readily available via the secondary market, until the 2008 Financial Crisis when investors cut back on selling any form of silver. Since late 2008, Engelhard silver bars and Johnson Matthey silver have been scarce.
 

Silver Bars for IRAs

One hundred ounce silver bars have become quite popular for gold-silver IRAs. However, for large IRA silver investments, CMIGS recommends that investors consider 1,000-oz silver bars, which nearly always are available at smaller markups over spot than are 100-oz silver bars.
 

Other silver bars

Investors wanting still lower premiums than those offered by 100-oz silver bars may want to consider 850-oz Canadian silver bars, which carry the smallest premium of the deliverable silver bars. The RCM (Royal Canadian Mint) bars are not exactly 850 ounces, but that is the approximate average weight of these unique bars.

With the individual bars usually weighing less than sixty pounds, they can be shipped economically. Further, weighing less than sixty pounds, they can be handled by most investors. By comparison, $1,000 face junk silver coins weigh fifty-five pounds.

As noted above, CMIGS recommends 1,000-oz silver bars for IRAs; however, we do not recommend 1,000-oz silver bars for personal investments because their weights often exceed seventy pounds, making them expensive to ship and difficult to handle.
 

More about Buying Silver Bars

If you would like to discuss any aspect of buying one hundred ounce silver bars or buying silver bullion products, call us. The minimum order for silver bullion at CMI Gold & Silver Inc. is five hundred ounces, which, of course, means that the minimum 100-oz silver bar order is five bars.

However, the minimum order for junk silver coins is $500 face value, which equates to 357.5 ounces of silver.   Junk silver coins are favorites with seasoned silver bullion investors because they provide more flexibility with selling as well as buying.

To learn still more about buying and selling gold and silver with CMI Gold & Silver Inc., visit our Doing Business with CMI Gold & Silver Inc. page. We take calls 7:00 a.m. to 5:00 p.m. MST, Mondays through Fridays.