Silver Bullion Dealers
Prices are fetched automatically and may not reflect current merchant prices. Currency conversions and tax treatment are approximate. Rankings are based solely on price. We are not a dealer and accept no responsibility for transactions with listed merchants. Past performance is not indicative of future results. This site does not provide investment advice. Full disclaimer
About the 100g Umicore Silver Bar
A Belgian-Refined 100g Silver Bar
The 100g Umicore silver bar is produced by one of Europe's oldest and most established metals companies. Umicore's roots trace back to 1805, making it older than most of the Swiss refineries it competes against. Headquartered in Brussels, Belgium, the company holds LBMA Good Delivery accreditation for both gold and silver, placing it among the select group of refiners whose bars are recognised worldwide by dealers, banks, and institutions.
The bar is refined to .999 fine silver (99.9% purity), meeting the investment-grade standard required for tax exemption in jurisdictions like Australia, New Zealand, and Singapore. At 100 grams (3.215 troy ounces), it provides a cost-efficient metric-weight entry point for silver investors. The 100g weight class sits between the popular 1oz and 10oz troy-ounce denominations in terms of both outlay and premium efficiency.
Umicore operates primarily as a materials technology company, with precious metals refining as one division within a larger industrial operation that spans battery materials, catalysis, and recycling. This industrial heritage gives Umicore a different character from pure-play bullion refineries like PAMP or Valcambi. The company's bars tend to feature clean, functional designs without the decorative artwork found on products like the PAMP Rosa or PAMP Lunar bars.
Umicore bars are most commonly encountered through European bullion dealers, particularly in Belgium, the Netherlands, Germany, and France. They are less prevalent in North American and Asian retail markets, where Swiss brands dominate. For European buyers purchasing in euros, Umicore bars offer a home-market advantage with strong dealer recognition and competitive premiums.
Umicore 100g Silver Bar Specifications
| Property | Detail |
|---|---|
| Weight | 100 grams (3.2151 troy oz) |
| Purity | .999 fine silver |
| Manufacturer | Umicore |
| Country of origin | Belgium |
| LBMA accredited | Yes |
| Serial number | Individually serialised |
| Format | Minted bar |
Each Umicore 100g silver bar carries the Umicore hallmark, weight, purity, and serial number. The bars are minted (stamped), giving them a polished, uniform appearance. They are typically supplied in sealed packaging with a certificate of authenticity.
Umicore's heritage as a materials technology company means its refining operations meet rigorous industrial standards beyond those required for bullion production alone. The company's precious metals division handles large-scale industrial refining and recycling alongside its retail bullion output, with operations spanning multiple European facilities. Founded in 1805, Umicore has over two centuries of metals processing experience. The company's LBMA accreditation covers both gold and silver, ensuring its bars meet the strict weight, purity, and marking requirements set by the London Bullion Market Association. This accreditation is the global standard for precious metals bar acceptability among banks, dealers, and institutional buyers.
Tax Treatment for the Umicore 100g Silver Bar
The Umicore 100g follows standard silver bullion tax treatment. Silver is taxed more heavily than gold in most jurisdictions, and bars receive no special exemptions beyond those available to all investment-grade silver.
United Kingdom
20% VAT on purchase. Capital Gains Tax at 18% or 24% on disposal (£3,000 annual allowance). No CGT exemption for bars. Silver bars carry both VAT on acquisition and CGT on disposal, making them the least tax-efficient precious metals format for UK investors.
United States
No federal sales tax. Approximately 35 states exempt investment bullion from state sales tax. Capital gains taxed at the 28% collectibles rate for long-term holdings. The .999 purity meets IRA fineness requirements; Umicore's LBMA accreditation supports custodian acceptance.
Canada
GST/HST exempt for silver at 99.9% purity or above. Capital gains subject to 50% inclusion rate.
Australia
GST-free for investment-grade silver at 99.9% purity from recognised refiners. The Umicore bar qualifies. Capital gains apply with a 50% discount for holdings over 12 months.
New Zealand
GST-exempt at 99.9% purity. No formal capital gains tax.
Singapore
Silver bars at 99.9% purity from LBMA-accredited refiners qualify as IPM (Investment Precious Metals), exempt from 9% GST. Umicore's LBMA accreditation satisfies this requirement. No capital gains tax.
Hong Kong
No sales tax, import duty, or capital gains tax on precious metals.
South Africa
15% VAT on silver bullion. No exemption.
European Union
Silver bars attract full VAT at national rates. Belgium, Umicore's home market, applies 21% VAT. Germany applies 19% with margin scheme available for pre-owned bars. The EU Investment Gold Directive does not extend to silver.
Umicore 100g vs Swiss Refinery Silver Bars
In the 100g silver bar market, Umicore competes directly with the Swiss quartet of PAMP, Valcambi, Metalor, and Argor-Heraeus. All hold LBMA Good Delivery accreditation, all produce bars at .999 purity, and all are recognised by dealers worldwide. The differences are in brand premium, design, and regional availability.
The 100g Valcambi silver bar is typically the closest competitor on price. Both Umicore and Valcambi produce functional, no-frills bars and trade at the lower end of the LBMA refiner premium range. The 100g Metalor silver bar sits at a similar price point. PAMP bars, particularly the themed Rosa and Lunar designs, command higher premiums for their artwork and brand cachet.
Umicore's primary advantage is within the European market. For buyers purchasing from Belgian, Dutch, or German dealers, Umicore bars are typically well stocked and competitively priced. The bars may carry a slight discount to Swiss-branded equivalents due to lower brand recognition outside Europe. For resale through European dealers, Umicore's LBMA accreditation ensures full market liquidity.
In North American and Asian markets, Swiss brands have stronger name recognition. A buyer in Singapore or New York purchasing through a local dealer will find PAMP, Valcambi, and Metalor bars more readily available than Umicore. The metal content is identical; the practical difference is dealer familiarity and stock levels.
100g Umicore Silver Bar: frequently asked questions
-
The best price we track for the 100g Umicore silver bar is $246.85, at around 17.3% over the silver spot price. Silver Bullion Dealers is currently the lowest-priced dealer for this bar.
-
The bar weighs 100 g and is 999 fine silver, produced by Umicore, a Belgian precious-metals refinery. At 100 grams it is a mid-size bar suitable for investors who want more silver per purchase than the smaller 50g format.
-
Standard authenticity checks for silver bars include weighing the bar against its stated weight, examining the hallmark and purity stampings for consistency, and checking any accompanying documentation. Buying from an authorised bullion dealer significantly reduces the risk of encountering counterfeits.
-
Store silver bars in an airtight capsule or sealed bag to limit exposure to humidity and airborne sulphur, which cause tarnishing. A cool, dry environment away from direct light is ideal. Avoid touching the surface with bare hands, as oils accelerate tarnish. For larger holdings, a home safe or professional vault storage provides both protection and security.