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10oz silver bar question + added question

ajaanajaan Posts: 17,362 ✭✭✭✭✭
edited November 9, 2021 4:49AM in Precious Metals

Is this considered a generic bar? TIA


DPOTD-3
'Emancipate yourselves from mental slavery'

CU #3245 B.N.A. #428


Don

Comments

  • OPAOPA Posts: 17,119 ✭✭✭✭✭

    Definitely not a generic bar, but one that is on the top of the "silver bar food chain."

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • doubleeagle07doubleeagle07 Posts: 436 ✭✭✭

    I wouldnt say so. Really nice bar. Wish I had gotten that over some "generic" Silvertowne bars I got recently.

    Successful transactions with: AnonMan, Commoncents05, JJM, PerryHall, Danielp, greenwr, Along, Herb_T, Downtown1974, masscrew, coinnerd, liefgold, JWP, Relaxn, Pnies20, Weiss, Type2, dm679864, pointfivezero, and more!

  • rte592rte592 Posts: 1,662 ✭✭✭✭✭

    Royal Canadian mint.
    Desired bar.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @ajaan... That is a premium bar.... Did you buy it?? Cheers, RickO

  • ajaanajaan Posts: 17,362 ✭✭✭✭✭

    @ricko said:
    @ajaan... That is a premium bar.... Did you buy it?? Cheers, RickO

    No it belongs to my brother who is thinking of selling. We have a bigger coin show here in Buffalo than he has in Syracuse. I'm just trying to get educated on bars. What percentage of spot should he expect on this? He also has a 10oz Provident Metals bar which I'm assuming is generic. Thanks.


    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @ajaan.... I am no expert in the silver bar pricing field (others here are)... but I would hazard a guess at spot+... maybe 15%.... I will get buried here if I am out of the ballpark....Cheers, RickO

  • derrybderryb Posts: 36,779 ✭✭✭✭✭

    check ebay completed sales to see what buyers are paying

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    edited November 8, 2021 1:47PM

    For the 10 oz Provident, as ricko indicated, it's approx 15% - 17.5% above spot retail. Wholesale ... my guess 5% above spot.

    For the RCM bar...retail 25-30% above spot. Wholesale??? (my guess...10-15%)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    @derryb said:
    check ebay completed sales to see what buyers are paying

    Yup because flea bay sets the silver market. lol These doomsdayers blow my mind. Don't forget to subtract all the fees. lol lol lol!!!

  • rte592rte592 Posts: 1,662 ✭✭✭✭✭

    Check Ebay sold listings, Less fees and shipping will get you in the ballpark.
    IF it was the older type RCM bar that I would consider to be a premium bar.
    Looking at the bar serial number...they made a large number of the newer bars as bullion.

  • ajaanajaan Posts: 17,362 ✭✭✭✭✭

    My brother also has a 1oz platinum bar he wants me to sell. Should he expect to get more than spot for the bar? It's a Valcambi bar.


    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
  • derrybderryb Posts: 36,779 ✭✭✭✭✭

    yes, spot is the beginning point for pricing physical PMs

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,084 ✭✭✭✭✭

    @ajaan said:
    My brother also has a 1oz platinum bar he wants me to sell.

    PM sent.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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