Unless you are buying 1000’s and 1000’s of ounces of silver, a 1000 oz bar may not be the best option.ĭivisibility – You can’t easily divide a larger bar into smaller pieces and sell them off separately. However large bar sizes can have their downsides. The premium above the spot price is certainly the lowest. It is not necessarily the best option for everyone. While a 1000 oz silver bar is the cheapest way of buying silver. Pros and Cons of Different Silver Bar Sizes Or put another way, for the same amount of money spent you will get more silver when buying bars over coins. So bars are clearly less expensive to buy than coins. So to buy the equivalent of a 1 ounce gold coin would require just under 90 silver coins.īut now let’s compare buying 100 x 1 ounce silver coins with a single 100 ounce silver bar:ġ00 x 1 ounce silver maple coins = $3,575 However silver is currently just under 90 times cheaper per ounce than gold. So the differential between a 1 ounce gold coin and a 1 ounce gold bar is not so great. This difference in markup between coins and bars is even more noticeable in silver compared to gold.īecause gold is commonly bought in a 1 ounce size. It is for this reason that silver bars generally have a lower premium or mark up above the spot price of silver. Which while labour intensive, is still cheaper to produce than minting or striking a coin. Silver coins take more time and effort to produce in comparison to silver bars. Being a competitive shopper ensures that you will make your money go as far as it possibly can.Buying silver? The first choice is between silver bars and silver coins.
There is no set, specific premium for Engelhard silver bars which makes it imperative that you do some competitive shopping between sites before settling down and making a purchase. Engelhard bars are no different and as a matter of fact, Engelhard bars are experiencing rising premiums ever since their company was purchased by BASF.īecause Engelhard bars are going to be increasingly more difficult to come across, companies and dealers know that they will be able to charge more for their bars and still have plenty of buyers. You will be hard-pressed to ever find a bullion dealer selling silver, gold, or any other metal at or under its spot value. Premiums on any type of precious metal come as a drag to just about any and all investors. Because Engelhard bars are not being produced on the massive scale that many people were used to, the bars that remain on the open market are going for higher prices because of their impending scarcity.Įngelhard was known for producing the highest quality silver bars and because this reputation resonates true even today it is no surprise that investors of all types have been, and still are, clambering to get their hands on these bars.
The second reason people love Engelhard bars is a relatively new one and that is because the company no longer exists.
For one, their company had been in existence for over a century meaning they can be trusted in every sense of the word. People buy into Engelhard for two main reasons. The sizes of their silver bullion bars range from being as small as 1 ounce to as massive as the 100 ounce variety. They produced bars of all sizes for a number of years which has satisfied investors for decades on end. Products ProducedĮngelhard was and is still most well-known for their variety of silver bars. As fate would have it, however, Engelhard was recently purchased by a metals company themselves a company named BASF from Germany.Įven though Engelhard did not keep their Newark home, they never left the state of New Jersey which was a great way of staying true to their roots. The company thrived immediately after it went public and because of that success was able to purchase a number of different mineral and chemical companies. renamed the company yet again, this time turning it into Engelhard Industries Incorporated and ushered the organization onto the New York Stock Exchange. Just a few years after Engelhard took over the reins of the company it was one of the world’s largest fabricators of platinum, silver, and gold.įast forward about 50 years and the company was then controlled by Charles Engelhard’s son, Charles Jr. The original facility was located conveniently adjacent to the Atlantic Ocean. Charles Engelhard, in 1902, decided to buy the Charles Croselmire Company and renamed it the American Platinum Works only a year later. Engelhard is a metal-producing company that has been in existence in the United States since 2 years after the turn of the 20 th century.