Industrial silver bars are typically larger and more standardized than silver rounds or coins. They are primarily used by industries for manufacturing and other commercial applications that require silver’s unique properties, such as its high electrical conductivity and corrosion resistance. Industrial silver bars are often made in larger sizes, such as 100 oz, 1,000 oz, or even larger, to meet the needs of industrial users. These bars are usually traded in wholesale markets and are not typically purchased by individual investors or collectors. However, that does not mean that older industrial silver bars are not available for investors.
Many of the industrial silver bars offered at JM Bullion are roughly 1,000 Troy oz of silver. The exact weight and purity of each bar varies, but will be specifically stated in the title and listing details for the individual items. Please note that due to the age and size of these silver bars, toning of the silver is common. Toning is the result of a natural oxidation process and does not impact the value of the silver in the bar. You’ll find some very familiar names when viewing industrial silver bars.
Johnson Matthey is a British multinational company with a long and storied history in the field of precious metals. Founded in 1817, it initially operated as a gold assayer and refiner. Over the years, Johnson Matthey expanded its operations and became a major player in the production of silver and other precious metals products. The company is renowned for its high-quality silver bars and other bullion products. Johnson Matthey’s silver bars are highly regarded for their purity and authenticity.
In 2016, Johnson Matthey sold its gold and silver refining operations to Asahi Holdings, Inc., marking the end of its involvement in the precious metals business. However, its legacy lives on in the form of the high-quality bullion products it produced during its long history.
The United States Assay Office in New York City was an important institution in the history of American precious metal refining and coinage. It was established in 1854 in response to the California Gold Rush and the need for a reliable facility to assay and refine gold and silver from the western United States. The New York Assay Office played a crucial role in ensuring the purity and quality of precious metals in circulation.
The Assay Office was responsible for producing gold and silver bars that met certain standards of fineness. These bars were used in international trade and were an important part of the country’s monetary system. The office also produced various assay medals and coins.
The New York Assay Office ceased operations in the early 20th century, and its functions were gradually taken over by other federal agencies and private refiners. However, its historical significance in the development of American precious metal refining and coinage remains.
Industrias Peñoles, commonly known as Penoles, is a Mexican mining company with a strong presence in the mining and refining of precious metals, including silver. The company was founded in 1887 and has since become one of the world’s largest producers of silver and other metals. Penoles operates several mines in Mexico and is involved in the exploration, extraction, and processing of minerals.
In addition to mining, Penoles has refining facilities where it processes raw silver ore into various forms, including silver bars and other industrial products. The company has a reputation for producing high-quality silver products that are used in both industrial applications and the production of investment-grade silver bars and coins.
Penoles has played a significant role in Mexico’s mining industry and the global silver market, contributing to the country’s status as one of the world’s leading silver producers.
If you’re looking to buy silver in large volumes, industrial silver bars are an excellent option. JM Bullion customer service is available at 800-276-6508, online using our web chat, and via our email address. Please note that you can also visit our Payment Methods page for more details regarding payment options.