10 oz silver bars
Johnson Matthey struck 10 oz .999 fine silver bar
These 10oz silver bars were last made in about 1988. Today, they are available only when sold into the secondary market. Although Johnson Matthey is now producing 100 oz , JM has not renewed production of 10oz silver bars.
10 oz silver bar history
As the demand for physical silver surged in the 1970s, Johnson Matthey was, along with Engelhard, a major producer of 100-oz silver bars. In the late 1970s, Johnson Matthey began producing struck 10 oz .999 silver bars, which JM turned out until the mid-1980s when demand waned. JM struck 10-oz silver bars were sealed in vinyl, and sometimes are still in their protective vinyl coverings when they are sold into the secondary market.
JM struck 10 oz silver bars carry a highly reflective finish and clearly defined raised lettering, as opposed to poured silver bars, which were marked for identification purposes via the traditional method of stamping the manufacturer's hallmark into the bars. JM struck 10 oz silver bars measure 3-1/2" X 2" X _".
Because Johnson Matthey 10-oz struck silver bars are available only in the secondary market, and they are rarely available there, Investors wanting 10-oz silver bars will probably have to choose among several brands of new 10oz silver bars, all of which are struck.
New 10 oz silver bars
New 10 oz silver bars presently available are produced by Sunshine Minting, Wall Street Mint, A-Mark and Silvertowne. The Sunshine and the Wall Street Mint are the more popular bars. The Wall Street Mint 10-oz bars come in protective vinyl wrappings; the other new 10-oz silver bars come loose and subject having a few nicks and dings.
Buying 10oz silver bars
10-oz silver bars are not the cheapest way to buy silver (lowest premium) as they carry premiums comparable to the premiums on 1-oz silver rounds. Usually, the cheapest silver bars are the Royal Canadian Mint 850-oz odd-weight silver bars.
If you would like to know more about how to buy silver, or would like to discuss any aspect of buying or selling gold or silver, call us. We take calls 7:00 a.m. to 5:00 p.m., MST Mondays through Fridays. More information about doing business with CMI Gold & Silver Inc. can be found on our Doing Business with CMI Gold & Silver page.