If you’re looking to invest in silver, you may have come across Engelhard silver bars.
These bars are known for their quality and value, and many investors consider them to be a wise investment choice.
In this post, we’ll take a closer look at why Engelhard silver bars are worth more than other types of silver bars.
We’ll also explore the history of Engelhard Corporation and see why it is such a trusted name in the precious metals industry.
Why are Engelhard silver bars worth more?
Engelhard silver bars are worth more because they are collectible. People will pay a premium for early examples.
First, Engelhard Corporation has a long and trusted history in the precious metals industry. The company was founded in 1902 and quickly became known for its high-quality products. The company had production facilities in California and New Jersey.
It stopped producing silver bars in the 1980s, so those that were made by Engelhard are especially valuable.
Second, Engelhard silver bars are produced with the highest standards in mind. These bars are .999 pure, meaning they contain no less than 99.99% pure silver. In comparison, most other types of silver bars are only .999 fine (meaning that they contain 99.90% pure silver or less).
This higher purity level makes Engelhard silver bars more valuable on the market. It also means that they are less likely to corrode or tarnish over time.
Finally, Engelhard silver bars are often considered to be a good investment choice because they are IRA-eligible. This means that they can be included in certain types of retirement accounts, providing investors with added security and peace of mind.
All of these factors combined make Engelhard silver bars a wise investment choice for anyone looking to invest in silver.
Why did Engelhard stop making silver bars?
Engelhard stopped producing silver bars in the 1980s because it became unprofitable to do so.
At that time, the company was facing increasing competition from other precious metals producers. In addition, the market for silver was starting to decline.
Ultimately, Engelhard Corporation decided to focus its efforts on other products and stopped producing silver bars in order to avoid losing money.
However, because of their high quality and collectible nature, Engelhard silver bars are still worth more than other types of silver bars today.
How much is an Engelhard silver bar worth?
Engelhard silver bars could be worth $25 per oz to $55 per oz, depending on the condition and age of the bar.
Prices will vary depending on the dealer you go through.
Where to buy Engelhard silver bars?
Engelhard silver bars can be bought from a variety of online and offline sources.
Some online dealers that sell Engelhard silver bars include:
- APMEX.
- JM Bullion.
- Golden Eagle Coins.
- Provident Metals.
Offline dealers that may sell Engelhard silver bars include:
- Local coin shops.
- Online auction sites (like eBay).
- Gun shows.
When buying Engelhard silver bars, it’s important to make sure you are dealing with a reputable source. Always ask for verification of the bar’s authenticity before completing any purchase.
How can you tell a fake Engelhard silver bar?
It can be difficult to tell a fake Engelhard silver bar from a real one. However, there are some things you can look for:
- If the bar is not .999 pure silver, it is likely a counterfeit.
- The engraving on an authentic Engelhard bar will be very precise and even. If the engraving looks sloppy or uneven, it may be fake.
- The counterfeit bar lacks a serial number.
- Counterfeiters often add extra letters or symbols to the Engelhard logo in order to make their bars look more legitimate. So if the logo on your bar looks different than the official Engelhard logo, it is probably a fake.
- The corners of the counterfeit bar are too small.
By looking for these signs, you can help ensure that you’re getting an authentic Engelhard silver bar.
How much do scratches on the Engelhard silver bar affect the value?
Minor scratches on a bar usually don’t affect its value too much. After all, they are just tiny removed amounts of silver.
However, if there are many scratches on your Engelhard bar or they are deep enough to remove significant amounts of silver, then the value of the bar will be lowered. In some cases, it might even be considered damaged and not worth as much as a scratch-free bar.
Always ask the dealer to inspect the bar before making a purchase to get an idea of how much wear and tear it has sustained.
Final words
Engelhard silver bars are a wise investment choice for anyone looking to invest in silver. Not only are they produced with the highest standards in mind, but they are also IRA-eligible, making them a sound long-term investment.
In addition, Engelhard silver bars are becoming increasingly rare and valuable as time goes on.
So if you’re lucky enough to own one, it’s important to take good care of it! Make sure to store your bar in a safe place where it will be protected from damage or theft.
Thank you for reading! I hope this article has helped you better understand why Engelhard silver bars are worth more than other types of silver bars. If you have any questions, please don’t hesitate to ask in the comments section below.
Sources
- Encyclopedia.com | Free Online Encyclopedia. Engelhard Corporation. https://www.encyclopedia.com/social-sciences-and-law/economics-business-and-labor/businesses-and-occupations/engelhard-corp
- Nuclear Regulatory Commission. Engelhard Industries, Inc., Various Letters dtd 03/21/1957 – 11/19/1959, w/Graphite H.T. Jig. https://www.nrc.gov/docs/ML0622/ML062290095.pdf
- Wikipedia, the free encyclopedia. Engelhard. https://en.wikipedia.org/wiki/Engelhard
