Engelhard Silver Bars are viewed by silver bar collectors and investors around the world as premier silver investment options.
A US-based company, Engelhard was one of the largest producers of refined precious metals during the 20th century. Unfortunately the number of bars bearing its name is fixed since production ended over 20 years ago.
Extruded Silver Bar (on the left)
Then in 2006, Engelhard was purchased by BASF. Nevertheless the London Bullion Market Association (LBMA) still lists several former Engelhard refineries on its approved silver refiners list … a prestigious credential.
Engelhard has also retained its standing with COMEX (CME Group) a US commodity futures exchange. According to IRS rules, silver bullion bars produced by COMEX approved refineries qualify for a precious metal IRA.
LBMA and COMEX Listed Refineries
Included below are former Engelhard refineries listed with the LBMA and COMEX. Words that appear on Engelhard Silver Bars are in italics.
|Country||Refinery Brand Mark||LBMA||COMEX|
|Australia||ENGELHARD AUSTRALIA w/assay mark||X|
|Canada||ENGELHARD inside of oblong octagon||X|
|France||COMPAGNIE DES METAUX PRECIEUX-PARIS FOUNDEURS AFFINEURS inside of oval w/assay mark||X||X|
|France||ENGELHARD-CLAL PARIS w/lion logo||X|
|Netherlands||DRIJFHOUT & ZOON AMSTERDAM MELTERS inside octagon w/assay mark||X|
|United Kingdom||ENGELHARD-CLAL w/lion logo and LONDON below||X|
|United Kingdom||ENGELHARD LONDON inside rectangle and E||X||X|
|USA||ENGELHARD-CLAL NEW YORK||X|
|USA||ENGELHARD USA in rectangle and E||X|
In addition to the above mentioned brand marks, Engelhard Silver Bars have the following refinery identification marks:
Enough of the brand mark stuff! Let's move on to the various kinds of Engelhard Silver Bars you are likely to encounter in the marketplace.
Minted Silver Bars
Different Types of Engelhard Silver Bars
During its tenure as a leading silver refiner, Engelhard used three different production techniques to make its three-nines-fine (99.9%) or better
silver bullion bars.
The way my daughter played with clay when she was little is a good example of extrusion. She loaded clay into a press and pulled a lever down forcing the clay to pass through specially-shaped holes (i.e. star, square).
In the beginning Engelhard Silver Bars were made using a casting method. But when the demand for silver investments increased dramatically during the 1970's, Engelhard began extruding its popular 100 oz. silver bars.
This change in manufacturing methods helped Engelhard increase its production numbers and lower its manufacturing costs. For similar reasons, Engelhard also started minting 1 oz. and 10 oz silver bars.
The most widely-purchased Engelhard Silver Bars weigh 1 oz., 10 oz.,
100 oz. and 1,000 oz. Engelhard also produced less popular bar sizes
(i.e. 5 oz., 50 oz.) in smaller quantities.
How Do I Tell Them Apart?
Cast silver bars are not uniformly or precisely shaped. Surface areas are usually more uneven than their extruded or minted counterparts. Key information is impressed (engraved) into the bar's surface.
Cast Silver Ingot
Extruded and minted (struck) silver bars have very uniform shapes. The best way to distinguish these two types is to look at the lettering. The characters are raised with minted bars and impressed with extruded bars.
Fake Silver Bars
We can never know how many fake silver bars are in the marketplace. Hopefully it’s a very small number. But if silver prices increase dramatically, we should expect the number of fake silver bars to increase.
Regardless of the seemingly small odds of ever encountering a fake silver bar, it's still wise to be cautious when buying silver bullion bars.
There are some simple steps you can take to significantly reduce your risks of purchasing fake silver bars:
If you are still unsure about the integrity of your silver bars, you can have an assayer professionally test them. This option can be expensive.
You should consider junk silver coins a very safe alternative if silver bullion bars are beyond your comfort level. I believe these silver coins are less attractive targets for counterfeiters because of their smaller sizes.
Junk Silver Coins
Benefits of Buying Engelhard Silver Bars
This is a good place to restate two important benefits of buying silver bars ... storing your wealth and saving money while you do it.
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