The investment of even a single new silver bar to your collection is not a matter to take lightly. Regardless of whether you are investing or collecting silver bars, you understandably want to make a thoughtful decision that will provide significant financial gain in the future. With this in mind, you may be scrutinizing different silver manufacturers to find the best brand to purchase. Engelhard silver bars are among the most popular choices available, but you need to know more about what this brand offers before you make an informed buying decision.
What You Need to Know Before You Buy Engelhard Silver Bars
Engelhard is an American-based silver manufacturer that has only recently been purchased by a German company, BASF. Engelhard made a wide range of silver bars in various sizes that include everything from one and 10 ounce bars to 100 ounce bars and more. These are pure silver bars that have been engraved with the Engelhard logo as well as a serial number for identification purposes.
The brand produced an incredible number of silver bars, but it ceased production of new bars for circulation in the 1980s. Because of this, if you decide to purchase a bar from Engelhard, you likely will need to find a reputable dealer who has authentic bars for sale. While there are many bars available for purchase from decades ago, the value of these bars has increased because of the lack of new bars being produced. With this in mind, you can expect to pay a considerable premium over spot when you buy silver from Engelhard.
A Closer Look at the History of Engelhard
Before you make even a nominal investment of 10 ounces or more of silver from Engelhard, you may want to know more about the company. This company was originally established in 1902, making it one of the oldest and most reputable in the silver industry. It quickly grew to become one of the largest precious metals fabricators in the world, and its products included silver, platinum and gold. It was publicly traded on the U.S. stock market in 1958, but it was purchased by a German chemical company a few years ago. Engelhard bars were most popular in the 1970s, but because they are no longer being produced, they are highly sought after today.
How to Get the Best Deal on Your Engelhard Silver Purchase
If you have decided to begin looking for Engelhard silver bars for sale, it is important to shop around to get the best deal on your purchase. This is because the premium over spot on an Engelhard silver bar can be significant. The premium charged by different dealers varies, so a smart idea is to research the asking price that some of the top dealers are charging. You can use the U.S. Mint’s website to obtain a list of reputable dealers to use for your purchase. Keep in mind that not all dealers will sell Engelhard silver because it is not in circulation. In addition, focus on the bars’ years, and research the rarity of those years to make a more educated buying decision.
Engelhard silver is highly sought after, so it makes sense that you would want to add it to your investment portfolio or precious metals collection. This particular brand of silver likely will continue to increase in worth as time elapses, and this is because of rising silver prices as well as the continue cessation of production of new bars. Through your effort to carefully research precious metals dealers as a first step, you can make a more informed buying decision.