Is there a premium for this 3oz Engelhard loaf?

Jobessi

Is there a premium for this 3oz Engelhard loaf?

Cladiator

Yup. Here's a similar one up for auction right now. You can estimate the value of yours based off it's selling price.

https://ebay.com/itm/186005421271

Jobessi

@Cladiator said:
Yup. Here's a similar one up for auction right now. You can estimate the value of yours based off it's selling price.

https://ebay.com/itm/186005421271

That’s a 4-digit one though. Isn’t that more rare?

Proofmorgan

Crazy premium on those

Cladiator

@Jobessi said:

@Cladiator said:
Yup. Here's a similar one up for auction right now. You can estimate the value of yours based off it's selling price.

https://ebay.com/itm/186005421271

That’s a 4-digit one though. Isn’t that more rare?

Possibly but yours will be similar I'd imagine. You should post this on the PM forum, folks will know better there.

PeakRarities

@Cladiator said:
Yup. Here's a similar one up for auction right now. You can estimate the value of yours based off it's selling price.

https://ebay.com/itm/186005421271

That one has a 4 digit serial (<50 mintage), those are considerably rarer than the 5 digit (<250 mintage).

If I were pricing yours, id try to pay about 800 and try to sell for 1000 if i'm lucky. Might see them fetch 12-1300 on the bay but that's before fees and shipping.

Edit- I priced one of these about 6 months ago, not sure if the market levels are the same, but the numbers I quoted are probably a good baseline.

DCW

Incredible premium for 3 oz of silver. My god

MetroD

Reference

I am NOT an expert. However, to me, the bar in the OP appears to be a 4th series.

Edited for content.

pointfivezero

Yes, I'm in the non-expert camp as well despite owning many Engelhard bars over the years but I think the current ebay auction is 3rd series based on the serial number:

The OP's appears to be a series 4.

Previous set I owned:

Tim

Edited to add reference to ebay auction and OP comment

Che_Grapes

Can some explain why there is a premium on these?
It is a bullion product as far as I can tell..—

humanssuck

@Che_Grapes said:
Can some explain why there is a premium on these?
It is a bullion product as far as I can tell..—

The same reason there is a premium on Silver Eagles, which is another essentially bullion product. Its all about demand.

silviosi

The prices go for non investors in precious metal is crazy. This one as others Mints in the world as US, Canada, UK what has it is the quality guarantee. the rest is metal investing as the bullion it is. Normal prices are 10% over the spot and this insure your investment for short to long term.

1000$ for 3 oz or 5 oz Ag??? Someone must be crazy to pay this.

DCW

At this point it's obviously the collectible angle, not the silver content.

PeakRarities

@humanssuck said:

@Che_Grapes said:
Can some explain why there is a premium on these?
It is a bullion product as far as I can tell..—

The same reason there is a premium on Silver Eagles, which is another essentially bullion product. Its all about demand.

Well, yes, but vintage bars can have a lot more pizazz than silver eagles imo. I'm not fully committed to that segment of the market, but I have dabbled, and do own several vintage gold bars that I liked enough to buy. One was closer to bullion price and the other had a decent premium, but nothing comparable to the OP premium.

Vintage bars have had a robust market the past couple years, just like everything else. There are more similarities to classics than there are to other bullion. Rarity, pour quality, stamp placement and stamp quality, originality, contact marks toning etc.

OnlyGoldIsMoney

As others have noted, the 4 digit serial number makes the 3 oz bar being offered on ebay especially desirable to those who collect Engelhard bars. The OP's 4th series bar is scarce as well.

I started paying a premium over silver value for vintage bars around 2010. The ones in the photo below date from 2011. At the time I considered $250 to $300 to be the top of the market. Today I am astounded by the prices realized on ebay for any Engelhard 3 oz bar.

silviosi

For me will be interesting if Engelhard still do bars after they was took over by German company BASF.

291fifth

Odd bullion pieces have been bringing premiums for quite a long time. Some collectors must really love them. My own view of them is simple: I'd love to sell one to you for a big premium ... but ... would never pay a premium for them myself. To me they are just hunks of bullion.