The entire Good Delivery specification is contained in the LBMA document titled The Good Delivery Rules for Gold and Silver Bars: Specifications for Good Delivery Bars and Application Procedures for Listing. The document includes specific requirements regarding the fineness, weight, dimensions, appearance, marks, and production of gold and silver bars. It specifies procedures for weighing, packing, and delivery. It also describes policies for ensuring refiners' compliance with the specifications.
The current edition of the Good Delivery Rules was published in January 2023.[2]
Fineness: minimum of 999.0 parts per thousand silver
Marks: serial number, refiner's hallmark, fineness, year of manufacture[3]
Silver content: 750–1,100 troy ounces (23–34 kg) (Bars manufactured after January 1, 2008); 500–1,250 troy ounces (16–39 kg) (Bars manufactured prior to January 1, 2008); 900–1,050 troy ounces (28–33 kg) recommended[4]
Weight is not recommended to be stamped on bars of either gold or silver, because bars will be officially weighed on delivery, and this weight, which may be different from that originally marked, will prevail. A bar's weight may also change by handling or sampling, thus invalidating the original mark.[5]
Non–Good Delivery
Bars that do not comply with Good Delivery rules are termed Non–Good Delivery. If they are similar to Good Delivery bars but do not fully meet the requirements, they must be stamped with "NGD" to distinguish them from conforming bars.
LBMA Good Delivery List
The LBMA maintains two Good Delivery Lists of approved refineries (one for gold and one for silver) that meet certain minimum criteria (age, net worth, and production volume) and have demonstrated their ability to produce Good Delivery bars. Listed companies agree to submit to monitoring by the LBMA. Those listed companies that refuse to participate in regular monitoring are removed from the Good Delivery List and added to the Former List.
Good Delivery Referees
Five companies are accredited by the LBMA as Good Delivery Referees[6] in order to supervise the Good Delivery System and monitor the companies with Good Delivery certification. The referees' main functions are:
Technical assessment of applicants for listing
Proactive monitoring of refiners on the Good Delivery List
Provision of technical advice on a range of topics
^"LBMA - Good Delivery Rules". www.lbma.org.uk. Retrieved 2015-11-11.
^"Good Delivery List Rules, Conditions for Listing for Good Delivery Refiners" (PDF). LBMA. January 2023.
^"Understanding the Marks on Silver Bars". Vintage Silver.
^(PDF). Archived from the original (PDF) on 2020-10-16. Retrieved 2020-01-22.{{cite web}}: CS1 maint: archived copy as title (link)
^"The Good Delivery Rules for Gold and Silver Bars: Specifications for Good Delivery Bars and Application Procedures for Listing (v1.1)" (PDF). The London Bullion Market Association. January 2019. Retrieved 29 September 2019.
good, delivery, specification, rules, issued, london, bullion, market, association, lbma, describing, physical, characteristics, gold, silver, bars, used, settlement, wholesale, london, bullion, market, also, puts, forth, requirements, listing, lbma, list, app. The Good Delivery specification is a set of rules issued by the London Bullion Market Association LBMA describing the physical characteristics of gold and silver bars used in settlement in the wholesale London bullion market 1 It also puts forth requirements for listing on the LBMA Good Delivery List of approved refineries Good Delivery gold bar weighing 12 4 kilograms 400 ozt Good Delivery silver bar weighing 31 1 kilograms 1 000 ozt Good Delivery bars are notable for their large size and high purity They are the type normally used in the major international markets Hong Kong London New York Sydney Tokyo and Zurich and in the gold reserves of governments central banks and the IMF Contents 1 The Good Delivery Rules for Gold and Silver Bars 2 Basic specifications 2 1 Gold bars 2 2 Silver bars 3 Non Good Delivery 4 LBMA Good Delivery List 5 Good Delivery Referees 6 See also 7 References 8 External linksThe Good Delivery Rules for Gold and Silver Bars EditThe entire Good Delivery specification is contained in the LBMA document titled The Good Delivery Rules for Gold and Silver Bars Specifications for Good Delivery Bars and Application Procedures for Listing The document includes specific requirements regarding the fineness weight dimensions appearance marks and production of gold and silver bars It specifies procedures for weighing packing and delivery It also describes policies for ensuring refiners compliance with the specifications The current edition of the Good Delivery Rules was published in January 2023 2 Basic specifications EditGold bars Edit Fineness minimum of 995 0 parts per thousand fine gold Marks serial number refiner s hallmark fineness year of manufacture Gold content 350 430 troy ounces 11 13 kg Recommended dimensions Length top 210 290 millimetres 8 3 11 4 inches Width top 55 85 millimetres 2 2 3 3 inches Height 25 45 millimetres 0 98 1 77 inches Silver bars Edit Fineness minimum of 999 0 parts per thousand silver Marks serial number refiner s hallmark fineness year of manufacture 3 Silver content 750 1 100 troy ounces 23 34 kg Bars manufactured after January 1 2008 500 1 250 troy ounces 16 39 kg Bars manufactured prior to January 1 2008 900 1 050 troy ounces 28 33 kg recommended 4 Recommended dimensions Length top 250 350 millimetres 9 8 13 8 inches Width top 110 150 millimetres 4 3 5 9 inches Height 60 100 millimetres 2 4 3 9 inches Weight is not recommended to be stamped on bars of either gold or silver because bars will be officially weighed on delivery and this weight which may be different from that originally marked will prevail A bar s weight may also change by handling or sampling thus invalidating the original mark 5 Non Good Delivery EditBars that do not comply with Good Delivery rules are termed Non Good Delivery If they are similar to Good Delivery bars but do not fully meet the requirements they must be stamped with NGD to distinguish them from conforming bars LBMA Good Delivery List EditThe LBMA maintains two Good Delivery Lists of approved refineries one for gold and one for silver that meet certain minimum criteria age net worth and production volume and have demonstrated their ability to produce Good Delivery bars Listed companies agree to submit to monitoring by the LBMA Those listed companies that refuse to participate in regular monitoring are removed from the Good Delivery List and added to the Former List Good Delivery Referees EditFive companies are accredited by the LBMA as Good Delivery Referees 6 in order to supervise the Good Delivery System and monitor the companies with Good Delivery certification The referees main functions are Technical assessment of applicants for listing Proactive monitoring of refiners on the Good Delivery List Provision of technical advice on a range of topicsThe companies accredited as referees are Argor Heraeus SA Switzerland Metalor Technologies SA Switzerland PAMP SA Switzerland Rand Refinery PTY Ltd South Africa Tanaka Kikinzoku Kogyo K K Japan See also EditDore bar Gold as an investment Gold bar Gold reserve Gold standard Inflation hedge London Platinum and Palladium Market Palladium as an investment Platinum as an investment Refining metallurgy Silver as an investment Silver standardReferences Edit LBMA Good Delivery Rules www lbma org uk Retrieved 2015 11 11 Good Delivery List Rules Conditions for Listing for Good Delivery Refiners PDF LBMA January 2023 Understanding the Marks on Silver Bars Vintage Silver Archived copy PDF Archived from the original PDF on 2020 10 16 Retrieved 2020 01 22 a href Template Cite web html title Template Cite web cite web a CS1 maint archived copy as title link The Good Delivery Rules for Gold and Silver Bars Specifications for Good Delivery Bars and Application Procedures for Listing v1 1 PDF The London Bullion Market Association January 2019 Retrieved 29 September 2019 London Bullion Market Association LBMA RefereesExternal links EditLBMA Good Delivery Explained LBMA Good Delivery Rules Retrieved from https en wikipedia org w index php title Good Delivery amp oldid 1157507875, wikipedia, wiki, book, books, library,
