Buy 100 oz Silver Bars (2024)

Who Makes 100 oz Silver Bars?

The London Bullion Market Association (LBMA), headquartered in the City of London, is an international industry association for gold and silver bullion. One of its primary functions is the maintenance of the Good Delivery List (GDL) for refiners of both gold and silver.

The GDL is a set of refining standards that refiners must meet and uphold in order for their good delivery bars to be accredited by the LBMA. Good delivery bar specifications only cover large bars. For silver, this is known as the ‘1,000 oz silver bar’.

The LBMA does not maintain a list of refiners who produce 100 oz silver bars, nor does it regulate 100 oz silver bar production. However, some refiners who are accredited refiners for Good Delivery silver bars and have a membership of the LBMA’s Good Delivery List for silver also produce 100 oz silver bars.

Therefore, in selecting a 100 oz silver bar for investment, it is prudent to invest in a bar that has been produced by a refiner who is on the LBMA’s Good Delivery List, since these refiners are recognized and trusted in the market. This is why GoldCore only sources 100 oz bars from such refiners.You have a number of different options when buying silver 100 oz bars:

Option 1: Buy Perth Mint 100 oz Silver Bars

The Perth Mint 100 oz silver bullion bar is a cast bullion bar with tapered corners and a highly polished finish. The bar has a purity of 99.9% pure silver and is stamped with the Mint’s well-known Swan logo, which is also the Mint’s assay mark registered with the LBMA.

Each bar is imprinted with a unique 5-digit serial number as well as the weight ‘100 ozs’ and fineness ‘999’. The Perth Mint bar is a sought-after investment product and new bars come shrink-wrapped from the Mint in a transparent film.

Option 2: Buy Royal Canadian Mint 100 Silver Bars

The 100 oz Royal Canadian Mint (RCM) silver bar is 99.99% pure silver. This is sometimes referred to as ‘4 nines’ and it has a highly polished finish and smooth tapered corners. The front of the bar is engraved with the Mint’s distinct circular logo, depicting a Canadian maple leaf design.

This is surrounded by the words ‘ROYAL CANADIAN MINT’ inscribed in English within the upper circle, and “MONNAIE ROYALE CANADIENNE’ in French in the lower circle. Each bar has the year of production and a unique 6-digit serial number engraved in the middle of the front face, followed by the weight ‘100 tr oz’, and the fineness in silver ‘Ag 999.9’. The back of the bar is blank.

The Royal Canadian Mint is a Canadian Crown Corporation whose sole shareholder is the Canadian Government. The Mint operates under Canadian legislation, and in addition to producing Canada’s circulating coinage, the RCM runs one of the world’s most respected gold and silver refineries in Ottawa, producing globally recognized high-quality bullion bars.

The Royal Canadian Mint was founded in 1908 in Canada’s capital city, Ottawa. The operated as the Ottawa branch of the Royal Mint until 1931 when it became known as the Royal Canadian Mint. It has been run as a Canadian Crown Corporation since 1969 and is fully owned by the Canadian Government.

After being closed for 23 years, the Mint’s silver refinery was reopened in 2006 following substantial new investment and now has a capacity of producing over 10 million ounces of silver per year.

The RCM is on the LBMA’s good delivery list for both gold and silver good delivery bars, and on the CME’s Comex approved refinery list for gold bars.

Option 3: Buy MKS PAMP 100 Silver Bars

MKS PAMP is a precious metals group specializing in the refining and trading of physical precious metals. Founded in 1979 and based in Geneva. MKS is a member of the London Bullion Market Association (LBMA), as is its subsidiaries PAMP. PAMP operates in India through MMTC-PAMP, a joint venture between the PAMP and MMTC Ltd.

The MKS PAMP GROUP offers a comprehensive range of excellent precious metals products to accommodate every segment of the market, with particular emphasis on investment, jewelry, and industrial sectors.

The company specializes in the physical production of precious metals and logistics capabilities include a complete range of precious metals bars, of all shapes, weights, purities, and sizes (gold, silver and platinum group metals (PGM). It also produces precious metals coins, blanks and bullion bars for banks, financial institutions, governments and state mints worldwide.

PAMP is the world’s leading bullion brand, with dominant positions in the world’s major precious metals markets. Established in 1977 and based in Ticino, Switzerland, PAMP operates a state-of-the-art precious metals refinery and fabrication facility.

Option 4: Buy Valcambi 100 oz Silver Bars

Valcambi SA is one of the four big Swiss refineries.Valcambi is located in the village of Balerna, in southeastern Switzerland, very near the Italian border.

Throughout its 54 year history, Valcambi has focused solely on the business of precious metals refining. Valcambi is a highly regarded refiner and is on the LBMA good delivery lists for both gold and silver and on the CME’s approved gold refiner list.

The founders of Valcambi were a group of private Swiss investors who had an interest in the precious metals business for over 50 years.

Credit Suisse acquired an 80% shareholding in Valcambi in 1967 and subsequently full ownership in 1980. Then in 2003 Valcambi was acquired by new owners, including the American gold mining giant, Newmont Mining.

European Gold Refineries Holding SA (EGR) today owns one hundred percent of Valcambi, which until July 2015, EGR was owned by Newmont Mining (60.6%) and private investors (39.4%). Today EGR is itself owned by Global Gold Refineries Ltd (GGR) which belongs to REL Singapore PTE Ltd in Singapore (95%) and Rajesh Exports Limited (5%) which is a listed company (on both the NSE / BSE) in Bangalore, India.

Please Note - Bar Brands

While all silver bars sold by GoldCore are from LBMA approved refiners and mints, the bars that you will receive may not necessarily be identical to those pictured.