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The History of Engelhard Silver Bars & Rounds

Engelhard silver bars are a rarity in the silver marketplace these days and many silver investors may wonder what the story is behind this mint and its highly sought after bars and rounds. Engelhard Corporation was an American Fortune 500 company headquartered in Iselin, New Jersey. The company performed mineral, chemical, and pigment manufacturing but Engelhard was most famous for creating the first catalytic converters sold to Ford Motor Company in 1973, not surprisingly an invention that utilized precious metals.

Engelhard Corp. was founded by Charles W. Engelhard Sr. in 1902 when he purchased the Charles F. Croselmire Company in Newark, New Jersey. Charles then founded the American Platinum Works in 1903 and it acquired several other companies. In 1904, Charles purchased Baker & Co., a platinum smelting and refining business located in Newark and in 1905, he established Hanovia Chemical and Manufacturing Company also in Newark. Engelhard became the world's largest refiner and fabricator of platinum metals, gold and silver, a producer of silver and silver alloys in mill forms, and the operator of the world's largest precious metals smelter. The company was also the inventor of a liquid gold for decorations.

The Engelhard Mint, a subsidiary of Engelhard Industries, had over 100-years of experience in manufacturing precious metals by the time it was closed and had grown to become a respected precious metals mint by the late 1950’s. It’s top competitor was Johnson Matthey. One of the reasons for the popularity of Engelhard’s bullion products is that they had precise stamping which acted as an anti-fraud measure that assured the weight, purity, and authenticity of their products. Engelhard silver bars have on their obverse the Engelhard name, mintmark inscription, weight, and purity mark. The most common weight options are 1 ounce, 10 ounce and 100 ounce bars. Certain hand-poured silver bars by Engelhard are very rare and are therefore sold for much higher premiums.

Engelhard’s most famous silver bullion product is their Engelhard Prospector Round, composed of 1 oz. of fine silver. The Prospector round depicts the image of a miner who is panning for gold in a river on its obverse side and an eagle along with the “E” on its reverse side. Due to the fact that Engelhard stopped producing its bullion products even before the BASF takeover, their bullion became more difficult to attain, and the demand for it is constantly increasing as more retailers are running out of their Engelhard bullion stocks. This is why their prices are notably higher than those established for other items of similar weights. The company was purchased in 2006 by the German chemical company BASF.

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The Canadian Maple Coin: Silver, Gold, and Platinum

The Canadian Maple coin is minted by the Royal Canadian Mint in .999 in silver, gold, and platinum versions, with .9999 fineness and 99.9%, respectively, under the authority of the Canadian Government. The gold version of the Canadian Maple was first produced in 1979 and the silver and platinum versions were first produced in 1988. The silver, gold, and platinum versions of the Canadian Maple all share a similar default design of the profile of Queen Elizabeth II on the obverse and the Canadian Maple Leaf on the reverse display. There are numerous alternative designs and special editions, primarily with the silver version of the coin, that replace the Canadian Maple Leaf on the reverse design with alternative options such as the White-tailed deer, Grizzly Bear, or Bison, among others. There were bimetallic Canadian Maples produced in 2004 as well.

When the gold version was first released in 1979 it was only .999 pure gold until it was changed in 1984 to the .9999 purity standard. The one ounce versions of the Canadian Maple coins all have legal tender status of 5 Canadian dollars, 50 Canadian dollars, and 50 Canadian dollars for silver, gold, and platinum, respectively. When the Canadian Maple was released in 1979 its largest competitor was the Krugerrand which was actively boycotted in response to apartheid.

While the silver edition of the Canadian Maple has the largest number of alternative designs, the gold version has very unique versions, including a hologram version and the One Million Dollar version. The gold hologram version was first produced in 1999 and was also produced in 2001 and 2009. The One Million Dollar Gold Canadian Maple or Big Maple Leaf weighs 100 kilograms (220 pounds) and six were issued in 2007. One of the Big Maple Leafs was stolen from the Bode Museum in Berlin, Germany and four Lebanese teenagers were eventually apprehended for the theft but the coin was never recovered and it is assumed to be melted down for resale. The Canadian Maple Leaf coin is considered one of the most sought after and well respected government minted coins in the world and is collected by silver, gold, and platinum investors annually for its high level of quality and purity.

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