Large silver bars are made by government mints and private mints alike, since consumers and banks both recognize these units as a easy way to store a lot of value in a small space. Central banks prefer 1000 oz silver bars, also called Good Delivery Bars, when moving around assets, but in a pinch 100 oz silver bars will do. Most of these non-government, mega private mints, don’t sell direct; they sell wholesale to gold and silver retailers, and the retailers sell to the public.
Procuring 100 oz silver bars is one of the best ways to get the most metal for your money since, similar to other goods, buying in bulk reduces the premium, or upcharge, paid over the silver spot price. Plus, the bars look really cool. To give you perspective, 100 troy ounces is 6.86 pounds for those of us on the British Imperial System of measurement (what the United States currently uses), not the metric system.
It’s not likely you’ll see a list of best 100 oz silver bar suppliers without mention of Johnson Matthey or Royal Canadian Mint, however both of these respectable makers have their main offices are in London, England and Ottawa, CA, so they aren’t on the list for the good ole’ U.S.A. You’ll also not see Engelhard Corporation. Although loved, the New Jersey company went defunct in 2006. Any bars you may run across are 15 years old or more. On the list below we’ve attempted to recommend mints and/or refiners that are proven. Private mints come and go, but each one of these have been around for decades. Without further ado, here’s our list:
:::Asahi Refining USA:::
ASAHI - Best 100 oz Silver Bar - US Companies
This astonishing silver bar was designed and introduced by Asahi Refining USA Inc. Asahi is one of 152 world refineries that makes Good Delivery Bars. Located in Salt Lake City, Utah, Asahi Refining USA Inc. is one of the most highly regarded private mints in the business. Opened in 1989, the qualities of their silver bars are quite unique – they exhibit a diffrerent finish than most bars. They do not sell directly to consumers, but you’ll easily find their bars through the major retailers like a JM Bullion or APMEX.
Asahi has refineries in five countries on three continents: Toronto, Canada, Tokyo, Japan, Mexico City, Mexico, and Santiago, Chile. However, the reason why they made this list is because they have an American refinery in Salt Lake City, Utah. Their refineries service major industries such as: miners, recyclers, bankers, and distributors.
Asahi Refining purchased the gold and silver refining segments of London-based Johnson Matthey in 2014 for $186 million. Refining was just a small part of Johnson Matthey, which is primarily and still involved in the business of manufacturing specialty chemicals and sustainable technologies. The addition of Johnson Matthey’s refining operation helped cement Asahi Refining’s place as a global force of which to be reckoned. Read more about Asahi Refining.
Asahi Refining USA
4601 West 2100 South
Salt Lake City, UT 84120
:::Scottsdale Mint:::
SCOTTSDALE SILVER MINT - Best 100 oz Silver Bar - US Companies
Located in Scottsdale, Arizona, Scottsdale Mint is one of the largest privately owned mints in the Southwest. As a private American mint, their main focus is on create heritage and Christian designs. Collectors enjoy their innovative designs trademarked and patented shapes and structures.
Scottsdale Mint has brought back such items like the Bisbee and Tombstone silver bars which is a return to the Old West mining operations and the products put out at that time. The production of these types of themes and others are popular with their customers. Unlike some of the other mints, consumers can buy direct from them on their website.
Scottsdale Mint has trademarked Scottsdale Stacker®. These 100, 10 and even round bars have an innovative contrasting convex and concave striking on the two side which allows them to stack nicely with each other using interlocking edges that make a satisfying “click” noise when positioned correctly. You’ll often see many precious metal and diamond tradeshows in Arizona due to the mines and markets that still exist. Scottsdale Mint is one of my personal favorite silver bar manufactures. Read more about Scottsdale Mint.
Scottsdale Mint
20701 N. Scottsdale Road
Suite 107-266
Scottsdale, AZ 85255
:::SilverTowne:::
SILVERTOWNE - Best 100 oz Silver Bar - US Companies
SilverTowne was founded in 1949 in Winchester, Indiana, by Leon Hendrickson and his wife Ruhama. The rural coin shop eventually would go on to become a thriving national business. In the early 1970s, SilverTowne recognized an opportunity to mint its own proprietary bullion products, as few companies were doing so at the time. In 1973, the company launched SilverTowne Mint. Today, the mint produces hundred of thousands of ounces of fine silver bullion each month.
In 2016, A-Mark Precious Metals acquired a majority stake in SilverTowne Mint. At the same time, the mint entered into an arrangement with Asahi Holdings to be its exclusive source of silver feedstock for minting bullion. SilverTowne’s other businesses, the coin shop and retail website, continue to operate as wholly owned enterprises. We hope to make a trip to Indiana and visit this coin shop some day because their mom and pop shop story is a true American Dream. Read more about SilverTowne.
SilverTowne
120 East Union City Pike
Winchester, IN 47394
:::Sunshine Minting, Inc:::
SUNSHINE MINTING - Best 100 oz Silver Bar - US Companies
Founded in 1979, the Sunshine Minting offers blanks, branded bullion, and custom order bullion. The mint was recognized by Inc. Magazine in its 2013 Inc 5000 list of the country’s fastest growing companies. In 2012, the company reported revenue of $706.1 million and 52 percent revenue growth over a three-year period. In 2014, Sunshine Minting manufactured 70 million ounces of silver bullion.
The company claims it is the world’s leading precious metal mint products supplier, selling its services to corporations, marketing firms, central banks, government mints, other organizations, and private investors and collectors. The private mint operates manufacturing facilities in two states with it’s main presence in Coeur d’Alene, Idaho. They also have a facility in Shanghai, China. Sunshine also has sales offices in Canada, Austria and Argentina.
Sunshine Minting provides vaulted storage of precious metal bullion for customers and other products and services including assay, art and design for custom bullion, extruding, casting, rolling, blanking, coining, colorizing, gold plating and more. Read more about Sunshine Minting.
Sunshine Minting, Inc
750 West Canfield Ave.
Coeur d’Alene, Idaho 83815 USA
Keep stackin’!
-Phil Harmonic
https://www.goldandsilver.org/best-100-oz-silver-bar-suppliers/