The Johnson Matthey 100 oz poured silver bar has been the “gold standard” of physical silver assets for decades. When news broke last December that JM was selling its precious metals refining business to Japanese firm Asahi Holdings, silver investors were worried that the storied JM 100 oz bar was no more.
There’s nothing to fear, dear silver stacker. This month, the JM 100 oz .999 silver bar will resume production under the Asahi name. These bars are exactly the same as the beloved JM bars, made in the same refineries in Salt Lake City and outside Toronto, Canada. The only thing that has changed is the logo on the front.
Johnson Matthey sold its precious metals division to Asahi in December for $186 million. The deal was finalized in March, 2015. JM released a statement saying that the sale would allow it to concentrate more on its development of new catalyst technologies using platinum and palladium. Johnson Matthey had made gold and silver bars for 162 years, before the sale.
Asahi Holdings was formed in 1952, and opened its first precious metals refinery in Kobe, Japan, in 1968. Already a LBMA “Good Delivery” certified refiner, the acquisition of JM’s two refineries will allow it to expand its market share in the West. An Asahi spokesman said that, in addition to continuing to service precious metal mining operations in North America, the two ex-JM refineries would process scrap gold and silver from Asia into Good Delivery and retail investment bars.
The new Asahi poured 100 oz silver bars will be available for shipping on September 28th and can be pre-ordered from Gainesville Coins now for as low as $0.65 over spot!