Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

  • Join The Silver Forum

    The Silver Forum is one of the largest and best loved silver and gold precious metals forums in the world, established since 2014. Join today for FREE! Browse the sponsor's topics (hidden to guests) for special deals and offers, check out the bargains in the members trade section and join in with our community reacting and commenting on topic posts. If you have any questions whatsoever about precious metals collecting and investing please join and start a topic and we will be here to help with our knowledge :) happy stacking/collecting. 21,000+ forum members and 1 million+ forum posts. For the latest up to date stats please see the stats in the right sidebar when browsing from desktop. Sign up for FREE to view the forum with reduced ads. 

Silver Bullion: are "Good Delivery" brands a better buy?


nunoelias

Recommended Posts

Hello folks! :D 

I would like to pose a question:  when buying silver bullion, is it better to focus in brands that are in the "Good Delivery" list from LBMA?

Here is the list:  https://www.lbma.org.uk/good-delivery/silver-current-list#-
 

I can understand that the price for these bars is a bit higher due to the reputable mint/refinery behind the product. 


But what I mean is: in your opinion, are they easier to sell afterwards?  Is there more demand for them in the market?  Are they worth the higher premium compared to other generic bullion bars?  And what other factors could make these bars a better investment?

 

Thank you and have a great weekend!  ;) 
 

Edited by nunoelias
Link to comment
Share on other sites

Yh some brands command a higher premium such as PAMP but when your buying silver in 999 format then I would say go for price.

You can buy the cheapest 10oz bar or the most expensive 10oz bar when it comes to sell the buyer is always going to pay attention to the price so with that in mind make your decisions. 

 

I personally have gone for a mixture,  of the cheapest but I have also gone for the premium stuff too such as Scottsdale silver items. 

 

I would not put too much thought into the lbma factor. 

@sixgun your thoughts ?

Edited by Tn21
Link to comment
Share on other sites

52 minutes ago, nunoelias said:

Hello folks! :D 

I would like to pose a question:  when buying silver bullion, is it better to focus in brands that are in the "Good Delivery" list from LBMA?

Here is the list:  https://www.lbma.org.uk/good-delivery/silver-current-list#-
I can understand that the price for these bars is a bit higher due to the reputable mint/refinery behind the product. 

But what I mean is: in your opinion, are they easier to sell afterwards?  Is there more demand for them in the market?  Are they worth the higher premium compared to other generic bullion bars?  And what other factors could make these bars a better investment?

Thank you and have a great weekend!  ;) 
 

15 minutes ago, Shinus73 said:

Good delivery bars tend to start at 1000 oz, so that list is pretty much irrelevant to the everyday bullion buyer.

Although LBMA members will all produce bars which conform to their specifications, it is unlikely you will be buying "Good Delivery" bars, so it is barely relevant.

There are many refiners who might not be LBMA members, or on the Good Delivery List, who also produce high quality bars.

Some people collect rare or unusual bars, so these might command a premium over well-known but common bars such as PAMP.

Otherwise, just as long as the bars are genuine, the brand will make little or no difference.

😎

Chards

Link to comment
Share on other sites

12 hours ago, nunoelias said:

Hello folks! :D 

I would like to pose a question:  when buying silver bullion, is it better to focus in brands that are in the "Good Delivery" list from LBMA?

Here is the list:  https://www.lbma.org.uk/good-delivery/silver-current-list#-
 

I can understand that the price for these bars is a bit higher due to the reputable mint/refinery behind the product. 


But what I mean is: in your opinion, are they easier to sell afterwards?  Is there more demand for them in the market?  Are they worth the higher premium compared to other generic bullion bars?  And what other factors could make these bars a better investment?

 

Thank you and have a great weekend!  ;) 
 

'Good Delivery' means that a manufacturer is certified by the LBMA that their gold is legit - that is, it is what it says on the bar and meets various other regulatory requirements.  The assay is typically stamped on the bar and you can take that assay at face value.  Therefore, if you buy a 400oz bar from a good delivery certified vendor, you can trust you're getting what it says on the tin without having to assay it yourself.

It's not any indication of the quality of the gold.  You can have a .995 or .9999 fine bar and these can still be 'good delivery' (the minimum purity level is .995 fine).  It's effectively a certification that the assay stamped on the bar is reliable and the bar meets certain specifications for size, safe handling characteristics and various other properties.  There are also specifications for silver bars.

These are the specifications for a good delivery bar:

https://www.lbma.org.uk/publications/good-delivery-rules/technical-specifications

Edited by Silverlocks

The Sovereign is the quintessentially British coin.  It has a German queen on the front, an Italian waiter on the back, and half of them were made in Australia.

 

Link to comment
Share on other sites

As Laurence quite rightly says, the average member of TSF is not buying 'Good Delivery' silver bars. You are talking about 1000 oz bars. The question is irrelevant to the situation the vast majority of silver stackers find themselves. It is like looking at the list of approved truck manufacturers when you want to buy a family saloon car - it doesn't really help.
You are buying in the retail market - so get to know the manufacturers in that area.
i have vintage bars where the makers don't exist anymore, some of them i don't fully know who the maker was. i see Geiger is not on the list of good delivery bar makers but is very highly respected in the silver bar world.

Edited by sixgun

Always cast your vote - Spoil your ballot slip. Put 'Spoilt Ballot - I do not consent.' These votes are counted. If you do not do this you are consenting to the tyranny. None of them are fit for purpose. 
A tyranny relies on propaganda and force. Once the propaganda fails all that's left is force.

COVID-19 is a cover story for the collapsing economy. Green Energy isn't Green and it isn't Renewable.

Link to comment
Share on other sites

1 hour ago, sixgun said:

As Laurence quite rightly says, the average member of TSF is not buying 'Good Delivery' silver bars. You are talking about 1000 oz bars. The question is irrelevant to the situation the vast majority of silver stackers find themselves. It is like looking at the list of approved truck manufacturers when you want to buy a family saloon car - it doesn't really help.
You are buying in the retail market - so get to know the manufacturers in that area.
i have vintage bars where the makers don't exist anymore, some of them i don't fully know who the maker was. i see Geiger is not on the list of good delivery bar makers but is very highly respected in the silver bar world.

Have you counted your Geigers?

😎

Chards

Link to comment
Share on other sites

Shout out and a big "thank you" to all who contributed with their input and knowledge into this topic! :) 

I thought that perhaps even smaller bars (let's say, 1 kilos or 500g ) would have higher demand and acceptance just because of the brand being listed in the LBMA.

Glad I asked this question before going crazy into a PAMP bar  LOL :D 

Wish you all a great weekend!

Link to comment
Share on other sites

1 hour ago, Mik12 said:

Anything for sale ?

Not sure if serious but take a look at the United Kingdom (ungraded) board linked below.  To really make use you should take out a silver membership as listings are delayed 3 days for non-members and most stuff will sell in that time.

https://www.thesilverforum.com/forum/13-united-kingdom-ungraded/

The Sovereign is the quintessentially British coin.  It has a German queen on the front, an Italian waiter on the back, and half of them were made in Australia.

 

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use