In the United States, a significant number of private mints produce bullion which is not legal tender and is targeted at investors and not at coin collectors - such as this one.
The 1 kg JM Bullion Square Silver Bar is part of a range of bullion products introduced in 2022 which are branded with the JM Bullion brand - a major US bullion and coin dealer; the bars are struck by Geiger Edelmetalle in Germany.
JM Bullion says about it:
JM Bullion has proudly offered a range of precious metals to our customer base since our founding in 2011. In recent years, our selection has grown alongside our position in the precious metals industry. As of 2022, you can find new options when you buy silver bars online at JM Bullion that include a series of JM Bullion-branded bars produced in collaboration with Geiger Edelmetalle.
These JM Bullion Square Silver Bars have several impressive design features that are a part of all Geiger Square Bar production runs. The bars have contrasting matte visuals and polished, glossy fields. In the case of JM Bullion bars, the matte surface is the dominant background field on the obverse, while the design strikes are polished and glossy. The reverse uses a glossy surface throughout the background, while each JM Bullion logo strike has a matte surface.