Generic Silver Bars
APMEX guarantees you will receive only .999 fine Silver bars. Silver bars of any size are an excellent way to purchase fine Silver while avoiding the premiums usually found on legal tender bullion coins. They are easily bought and sold, stored, stacked and counted.
Generic silver bars are investment-grade silver bullion products that are typically produced by private mints or refineries. They are called "generic" because they do not carry a specific brand name or mintmark like some of the more well-known silver bars produced by reputable companies. Instead, they are produced with a simple design and are often available at a lower premium over the spot price of silver compared to branded or government-issued silver bars.
Here are some key characteristics of generic silver bars:
- Purity: Generic silver bars are usually made from .999 fine silver, meaning they contain 99.9% pure silver. This level of purity is standard for most investment-grade silver bullion products.
- Weight: They come in various weights, ranging from 1 ounce to 100 ounces or even more. The most common sizes are 1 oz, 5 oz, 10 oz, and 1 kilogram (32.15 oz).
- Design: As mentioned earlier, generic silver bars tend to have simple and generic designs. They may display basic information such as the weight, purity, and sometimes the name of the mint or refinery. However, they lack the elaborate designs often seen on collectible or commemorative silver bars.
- Cost: The price of generic silver bars is determined primarily by the current spot price of silver and a small premium charged by the mint or dealer. The premium is typically lower than that of branded or collector's silver bars.
- Investment: These bars are primarily acquired by investors and stackers who are interested in acquiring physical silver for its intrinsic value and as a hedge against inflation, economic instability, or currency fluctuations.
- Liquidity: Generic silver bars are generally easy to buy and sell within the precious metals market due to their standardized size and purity.
- Storage: Due to their compact size, generic silver bars are easy to store and stack efficiently, making them a popular choice for those with limited storage space.
It's essential to purchase generic silver bars from reputable dealers to ensure their authenticity and purity. Always research the dealer's reputation and look for reviews and feedback from other buyers before making a purchase. Additionally, consider the current market conditions and your investment goals before buying any silver bullion product.
Benefits to Purchasing Generic Silver Bars
Purchasing generic silver bars offers several benefits to investors and collectors alike. Firstly, they provide an affordable way to acquire physical silver at a lower premium over the spot price compared to branded bars, allowing buyers to maximize their investment potential. With their simple designs and standardization, these bars are highly liquid, easy to buy, and sell within the precious metals market. Their compact size enables efficient storage and stacking, making them ideal for those with limited space.
As investment-grade silver bullion products, they serve as a reliable hedge against inflation, economic uncertainty, and currency devaluation. Furthermore, generic silver bars are produced with high purity levels (usually .999 fine silver), ensuring their authenticity and value. Overall, these bars offer a cost-effective, accessible, and tangible means to diversify and protect one's wealth with precious metals.
That said, for investors set on purchasing a branded silver bar, one of the options we recommend are silver bars from Engelhard Mint. These are bullion-grade and are known for high quality in the precious metals market.
