Engelhard 100 oz Silver Bars are a well-known and highly sought-after product in the precious metals market, particularly among collectors and investors. Here’s a breakdown of what makes them a popular choice:
History and Background
- Engelhard Corporation: Founded in 1902, Engelhard was a major refiner and fabricator of precious metals. The company was a dominant force in the industry and its products, including silver bars, are recognized for their quality and purity.
- Legacy Status: Engelhard ceased producing precious metal bars in the mid-1980s, and the company itself was acquired by BASF in 2006. Because they are no longer in production, Engelhard bars are considered “vintage” or “legacy” bullion, which often adds to their appeal and can result in higher premiums over the silver spot price compared to modern bars.
Poured vs. Extruded Bars
The distinction between poured and extruded Engelhard bars relates to their manufacturing process and appearance.
- Poured Bars: These bars are created by pouring molten silver into an open mold, where it cools and solidifies. This process gives them a unique, rustic, and handcrafted appearance. They often have rounded edges, a less uniform surface, and may show cooling lines or other unique characteristics. This “imperfect” look is highly valued by collectors.
- Extruded Bars: Extruded bars are made by forcing a large piece of silver through a die to create a long bar, which is then cut to the desired weight. These bars are typically more uniform and have a cleaner, more polished look with sharp edges and a flat surface.
Market Value
The value of a 100 oz Engelhard silver bar is based on two main factors:
- Silver Content: The primary value is the melt value of the silver, which is 100 troy ounces multiplied by the current spot price of silver.
- Premium: Engelhard bars often command a premium over the spot price due to their brand recognition, vintage status, and popularity among collectors. This premium can vary based on the bar’s condition, rarity (some serial number series or designs are more sought after), and whether it is a poured or extruded type. Poured bars, with their unique aesthetic and often higher collector demand, can sometimes carry a higher premium.
As with any precious metal product, the price you pay will also depend on the dealer, payment method (e.g., check/wire vs. credit card), and the quantity purchased. Prices for a 100 oz Engelhard silver bar are typically listed by dealers with a “buy” price (what they will pay you) and a “sell” price (what you will pay them), with the sell price being a small percentage above the spot price.
