Numerous mints and refineries over the last four decades have produced quality 100-oz silver bars that can be bought with confidence. However, today the Royal Canadian Mint bars (RCMs) dominate the market.
Other acceptable bars presently being manufactured include Asahi (formerly Johnson Matthey) and Sunshine Minting bars.
Royal Canadian Mint bars are preferred because of the compactness with which they stack and store and because they carry the name Royal Canadian Mint.
Buy-Sell Markets for Other Silver Bars
Other bars — some of which are no longer manufactured — that can be bought with confidence include Wall Street Mint, Academy, Perth Mint, Engelhard, Johnson Matthey, Republic Metals, Ohio Precious Metals (OPM), Elemetal and Handy & Harman.
The 100-oz silver bars that are no longer produced still trade and often can be found on our Silver Specials Page at prices below the more popular bars.
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 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 stamped 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 better known brands that currently available and may be the best buys for silver bullion investors. Why are generic bars “among the best buys?”
In markets with sharp price increases, all silver bullion bars often 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 selling silver bars usually maintain premiums and sell at higher prices than generic bars, but in sharp run-ups all bars often liquidate at the same price.
More About Buying and Selling Silver Bullion
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 take calls 7:00 am to 5:00 pm MST, Mondays through Thursdays, Fridays 7:00 am to 3:00 pm.
Check our Silver Specials Page for bargains on all forms of silver.