If you are new to wholesale silver, the phrase “LBMA Good Delivery” is one you will encounter on day one. Here is what it actually means, and why it matters when you read a quote sheet.
The short answer
LBMA Good Delivery is a specification published by the London Bullion Market Association covering large silver bars (and separately, large gold bars). For silver, the bar must weigh between 750 and 1,100 troy ounces (most are pour-cast at ~1,000 oz), be at least 999 fine, and bear the stamp of a refiner on the LBMA’s Good Delivery List.
Why it’s on your quote
Because Good Delivery bars trade at a tight, transparent differential to spot — they are the reference form for institutional silver in the West. Anything else trades at a wider differential (commercial bars, rounds, fabricated silver).
What we ship
Our 1,000 oz silver bars are produced by a refining partner on the current LBMA Good Delivery list, stamped with their hallmark plus our serialisation. The full chain — Golden Age sources, our refining partner pours, we serialise and ship — is documented in the lot file we hand the customer.
Common gotchas
- “Good Delivery” is only meaningful for the bar formats it specifies — there is no LBMA Good Delivery 100 oz commercial bar.
- The fineness floor is 999. Most modern bars are 999.2 – 999.5.
- If a quote names a refiner not on the current list, the bars are not Good Delivery, regardless of weight and fineness.
Have a question about something in this note? Email bing@goldenagemininggroup.com and a real person will reply.
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