Credit Suisse Silver Bars
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Credit Suisse silver bars are one of the most trusted and popular brands of silver bullion bar in the world - no doubt because of the prestige associated with Credit Suisse, the famous Swiss bank. Switzerland also has a world-leading reputation in the field of precision manufacturing and product quality - and this is also likely associated with the bars. Credit Suisse has both minted and cast bars in its range however is more active in the production of gold and palladium bullion at present, hence Credit Suisse silver bars are less commonplace.
Credit Suisse Silver Bar
Credit Suisse was formed on July 5th, 1856 by Alfred Escher, the Managing Director of the Northeastern Railway Company. Credit Suisse was known at that time as Schweizerische Kreditanstalt and became a prominent Swiss bank. It opened its first branch outside of Switzerland in 1942, in New York. The company has now evolved to being a leading provider of modern financial services.
The Credit Suisse Group AG (SIX: CSGN, NYSE: CS) is now a multinational financial services company headquartered in Zurich, with over 250 branches in Switzerland and operations in more than 50 countries. Credit Suisse is listed as one of the "bulge bracket" - a list currently composed of the world's nine largest and most profitable multi-national investment banks.
The brand name printed on the silver bar denotes its issuer, which is not necessarily the same as its manufacturer. Credit Suisse silver bars are manufactured by Valcambi SA - another Swiss company with its headquarters in Balerna in SE Switzerland.
Valcambi makes silver bars for several other entities and is accredited by the London Bullion Market Association, the Tokyo Commodity Exchange, Dubai Multi Commodities Centre and CME Group. Credit Suisse bought a majority stake in Valcambi in 1967 and made it a subsidiary, however Valcambi is now a subsidiary of European Gold Refineries Holding SA. Valcambi still manufactures the Credit Suisse silver bars however.
As might be expected for a European bank, Credit Suisse silver bars have been made predominantly in the common metric weight sizes, however they have also been made in troy ounce sizes. Here is a list of some sizes of Credit Suisse silver bar: 100 ounces, 1 ounce, 1 kilogram, 50 grams, 20 grams, 10 grams and 5 grams. As can be seen in the image, Credit Suisse silver bars are guaranteed to be manufactured at a minimum of .999 purity (99.9%). The weight of the bar, purity (using the 'millesimal fineness' scale i.e. written in the format 999.0), assayer's mark, serial number and manufacturer logo are all stamped on the bar.
Credit Suisse has also manufactured 20, 10 and 5 gram silver "pendant" bars, small silver bars which can be hung from a chain and worn as jewelry.
Credit Suisse bars are regarded as highly collectible (as are JM and PAMP Suisse) and they can often be seen selling for significantly higher than the spot price on ebay.
Credit Suisse also mints bars in other precious metals, including gold and palladium.
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