Generic Silver Bullion
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Learn More About Generic Silver Bullion
Generic silver bullion is produced by private mints or lesser-known refineries rather than government mints.
Silver bullion comes in many forms, including bars, rounds (coin-like but not legal tender), and sometimes even unique shapes or designs. They are usually available in standard weights like 1 oz, 2 oz, 5 oz, 10 oz, and 100 oz.
Generic silver bullion carries lower premiums over the spot price of silver than coins issued by government mints, making it a cost-effective way to invest in physical silver.
Silver Bullion Brands
Due to its lower premiums over the spot price of silver, generic silver bullion is widely used as a store of value and wealth for investment purposes.
Several private mints and refineries are known for producing generic silver bullion. Some of the most recognized include:
- Sunshine Minting: Based in the United States, Sunshine Minting is a significant producer of generic silver bars and rounds. It is known for its security features and high-quality products.
- Engelhard: Although Engelhard no longer produces bullion, its bars, and rounds are still considered generic bullion in the secondary market. Engelhard products are highly regarded for their quality.
- Johnson Matthey: Like Engelhard, Johnson Matthey is a historic name in precious metals refining. While they no longer produce bullion, their products are still widely traded.
- Silvertowne: A well-known U.S.-based mint that produces a wide range of silver bars and rounds, including custom designs.
- APMEX (American Precious Metals Exchange): APMEX produces branded silver bars and rounds, which are considered generic bullion. They are a primary dealer in precious metals.
- Golden State Mint: Another U.S.-based private mint, Golden State Mint produces various generic silver bullion products, including bars and rounds with custom designs.
While some generic silver bullion products feature elaborate designs, they generally lack the widespread recognition of government-issued coins.
Generic silver bullion is a popular choice for investors due to its lower premiums and variety of forms. The choice of mint, purity, design, and market conditions all play a role in the appeal and value of generic silver bullion.
