Selling 100-oz Silver Bullion Bars
100-oz silver bullion bars have been produced by numerous mints and refineries over the last thirty years. By far, the best selling silver bullion bars are the Engelhard bars and the Johnson Matthey bars, both of which had aggressive marketing programs in the 1970s and 1980s. However, silver investors need not shy away from other hallmarked silver bullion bars. A brisk buy-sell market exists for all silver bullion bars.
Buy-Sell Markets for Other Silver Bullion Bars
Other popular 100-oz silver bars are the Wall Street Mint and the Sunshine Minting silver bars. Still, from time to time, investors sell back into the market 100-oz silver bars from other well-known sources. Handy & Harman and Royal Canadian Mint are two such entities.
100-oz silver bars from H&H and the RCM hold the same respect in the silver bullion industry as do Johnson Matthey and Engelhard silver bullion bars. However, not nearly as many H&H and RCM silver bars were sold as were Johnson Matthey and Engelhard bars because neither H&H nor the RCM put together marketing programs comparable to the aggressive Engelhard and Johnson Matthey programs.
Occasionally, European 100-oz silver bars show up in the U.S. market. Sheffield Metals, Credit Suisse, Metalor, and PAMP bars are among those. However, these bars do not show up often. "Generic" 100-oz silver bars encompass the rest of the market.
Selling "Generic" 100-oz Silver Bullion Bars
"Generic" silver bars encompass those bars minted by (or for) firms that are not well known or have gone out of business. Constitution Mint, formerly of Provo, Utah, is a good example of a mint that has been out of business for decades, yet from time to time 100-oz silver bars with CMI (for Constitution Mint Inc, not CMI Gold & Silver) and the image of the famed USS Constitution battleship (Old Ironsides) sell into the market.
Generic bars can nearly always sell at markups less than the four brands that currently dominate the silver bar market, and may be among the best buys for silver bullion investors. Why are generic bars "among the best buys?"
In markets with sharp rises in prices, all silver bullion bars usually liquidate at the same prices. That is because in such markets, the ultimate buyers for the silver are refineries that convert the bars into forms for industrial uses. In markets with slow, steadily rising prices, the better known hallmarked bars usually maintain premiums and sell at higher prices than generic bars.
More About Buying and Selling Silver Bullion
CMIGS buys and sells all silver bullion bars. If you would like to know more about buying and selling silver bullion or prices of any silver bullion bars CMIGS may have on hand, call us. (We nearly always have Engelhard and Johnson Matthey bars. We take calls 7:00 a.m. to 5:00 p.m. MST, Mondays through Fridays.
