Premium for 100 oz bar?
MoneyMonkey1
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Thanks for all the input.
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CoinCrazyPA
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Not a premium piece, it seams that the higher the weight of bars the closer to spot it gets.
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Baley
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I'd guess between one and two dollars premium per oz. Perhaps as much as three to the right buyer.
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cohodk
Posts: 19,188 ✭✭✭✭✭
The 10 oz bars are easy for them to sell while the 100 oz bars are a lot more difficult for them to sell.
Which really is quite embarrassing for the stackers. Is the support for silver really controlled by folk who can only afford a few 100 dollars? Kinda tough to support a market with a few $100 buys when $900 million worth of new stuff hits the surface every year.
For the OP, + or - $100 from spot.
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Answers
Not a Sunshine bar...Appears to be a Continental Coin 100 oz bar... review post below
https://forums.collectors.com/discussion/1009506/question-about-silver-bullion-maker#latest
Thanks. I was told at a coin show it was a Sunshine bar. Continental Coin makes sense with the CC marks. Is there any premium because the silver was sourced from the SF & NY Assay office?
I really like the bar, especially the CC thing.
The wording, "Contains silver formerly stored at U.S. assay office San Francisco or New York" is open ended and in itself should not add a premium IMO. An expert can correct me if I am mistaken.
Cool bar!
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Sweet, I like it !!!
Certainly an interesting silver bar... 100 ounces is a big hunk though, and I would think it not as liquid as smaller bars - i.e. ten or five ounce bars. A collector might be interested though. Cheers, RickO
The majority of collectors of old vintage silver bars want 10 oz or smaller silver bars.
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Most bullion dealers and coin shops will only pay about 95% of melt value. They'd rather buy ten 10 oz bars than a single 100 oz bar. The 10 oz bars are easy for them to sell while the 100 oz bars are a lot more difficult for them to sell.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire