Generic Silver Bullion
Learn More About Generic Silver Bullion
Generic silver bullion is produced by private mints or lesser-known refineries, rather than government mints.
Generic silver bullion carries lower premiums over the spot price of silver compared to coins issued by government mints, making it a cost-effective way to invest in physical silver.
Silver bullion comes in many forms, including bars, rounds (which are coin-like but not legal tender), and sometimes even unique shapes or designs. They are usually available in common weights like 1 oz, 2 oz, 5 oz, 10 oz, and 100 oz.
Silver Bullion Brands
Due to its lower premiums over the spot price of silver, generic silver bullion is widely used for investment purposes as a store of value and wealth.
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 major producer of generic silver bars and rounds. They are known for their 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: Similar to Engelhard, Johnson Matthey is a historic name in precious metals refining. While they also 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 its own branded silver bars and rounds, which are considered generic bullion. They are a major dealer in precious metals.
- Golden State Mint: Another U.S.-based private mint, Golden State Mint produces a variety of 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.
