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Thread Title: S.S. Gairsoppa 10oz bars at a decent price
Created On Saturday December 21, 2013 7:46 PM
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AnkurJ
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Saturday December 21, 2013 7:46 PM

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Anyone going for these? At the price I can't see much risk involved, and I like the design quite a bit.


Bar

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USASoccer
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Saturday December 21, 2013 7:54 PM

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Mot completed silver 10oz. bars are going for 225-230 on eBay today. Unless it is worth more because of the historical value, $239 seems kind of steep.

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AnkurJ
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Saturday December 21, 2013 7:56 PM

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Personally, I think the history holds value. But maybe its just me.

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All coins kept in bank vaults.
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What we do in life echos in eternity.

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USASoccer
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Saturday December 21, 2013 8:07 PM

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I agree it does, I would just be worried if others would pay you in return.

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TheBigB
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Saturday December 21, 2013 8:53 PM

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It's just salvaged metal from the wreck, good luck. I would not pay a premium.

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PerryHall
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Sunday December 22, 2013 5:23 AM

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Nice looking bar with some history behind it. The price looks reasonable.

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OPA
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Sunday December 22, 2013 6:38 AM

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<< Nice looking bar with some history behind it. The price looks reasonable. >>





I would rather pay a premium for that bar than a so called "collectors" bar that's nothing but a clump of silver demanding a premium.

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"Bongo drive 1984 Lincoln that looks like old coin dug from ground."

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AnkurJ
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Sunday December 22, 2013 6:59 AM

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Considering the huge premium for englehard bars, this is very reasonable all things considered.


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All coins kept in bank vaults.
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Box of 20
What we do in life echos in eternity.

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CaptHenway
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Sunday December 22, 2013 7:22 AM

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Not outrageous. Just remember that 10 years ago hardly anybody outside Lloyds of London knew about this wreck, and ten years from now the situation will be much like that again.

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OPA
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Sunday December 22, 2013 11:52 AM

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Broke down & purchased one...late X'mas present for myself.

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"Bongo drive 1984 Lincoln that looks like old coin dug from ground."

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AUandAG
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Sunday December 22, 2013 3:59 PM

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I saw no reference to the number of bars produced. Anyone know? If they did all the tonnage
into silver bars that would sure be a huge glut, killing all collector value. The way they set that
bar serial number indicates it could be as many as 99,999 bars.

bob

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BST deals: Dozens of buys/sells. Will provide a list upon request.

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vpr
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Sunday December 22, 2013 4:04 PM

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220,000+ bars according to this. No wonder they lowered prices.

Linky

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Successful Buys: epcjimi1, AUandAG, Illini420, GoingBroke, Coin22lover, bumanchu, Metalsman, worldcoinguy
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Edited: Sunday December 22, 2013 at 4:05 PM by vpr

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AUandAG
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Sunday December 22, 2013 4:55 PM

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<< 220,000+ bars according to this. No wonder they lowered prices.

Linky
>>



Well, that means I'll be buying in the secondary market in a few years when silver gets down to $8 again.

bob

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BST deals: Dozens of buys/sells. Will provide a list upon request.

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carew4me
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Sunday December 22, 2013 5:23 PM

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well made bar with a nice back story....

whatever floats your boat (Pun Intended!)

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[2013 World Silver Bullion Issues]
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"Trust but verify”

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Baley
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Sunday December 22, 2013 5:33 PM

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they are newly refined;
the actual silver molecules' history at the bottom of the ocean is dwarfed by the history of the metal starting with the nuclear furnace and supernova some billions of years ago

you know what would have been cool? a slice of an actual bar that was sunk and recovered, maybe counterstamped with the salvage date or something.

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Weiss
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Sunday December 22, 2013 6:41 PM

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<< they are newly refined;
the actual silver molecules' history at the bottom of the ocean is dwarfed by the history of the metal starting with the nuclear furnace and supernova some billions of years ago

you know what would have been cool? a slice of an actual bar that was sunk and recovered, maybe counterstamped with the salvage date or something.
>>



You nailed it, Baley. That would be cool. Even if the weight was nominal (though I'm pretty sure they could slice them correctly). They are apparently selling some of the 1,000 ounce bars, too.

http://coins.blanchardonline.com/shipwreck-coins/ss-gairsoppa.php


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We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
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vpr
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Sunday December 22, 2013 6:43 PM

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<< they are newly refined;
the actual silver molecules' history at the bottom of the ocean is dwarfed by the history of the metal starting with the nuclear furnace and supernova some billions of years ago

you know what would have been cool? a slice of an actual bar that was sunk and recovered, maybe counterstamped with the salvage date or something.
>>



They sold off about 500 of the bars. I wonder what premiums they charged on those.

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Successful Buys: epcjimi1, AUandAG, Illini420, GoingBroke, Coin22lover, bumanchu, Metalsman, worldcoinguy
Successful Sells: Meltdown, theboz11, bgman, Gambinotdx, PerryHall, KryptoniteComics, bretts911
Successful Trades: BarnDog, bgman, GRANDAM, konsole

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JohnMaben
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Sunday December 22, 2013 9:08 PM

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Like the story itself, the $239 price is history. These were already selling in the $279 range before the short term eBay Daily Deal promo and are now back to that price range. Not for the buyer that's just stacking metal, but for someone that wants to own a piece of history. You can still get them below $279 if you buy more than one at our website.

John

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MCM

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PerryHall
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Monday December 23, 2013 4:22 AM

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<< 220,000+ bars according to this. No wonder they lowered prices. >>


With the very high number being produced, they will be available on the secondary market in the future at close to melt. The big part of their premium over melt is from hype. Don't forget that this sea salvage silver is from a 20th century ship---not from a Spanish galleon from the 17th century.

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7over8
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Monday December 23, 2013 7:27 AM

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At $280 - no thanks.

At $239 - maybe.

A WW2 wreck - interesting, but not that interesting

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