What's a good price for...

frnklnlvr

What's a good price to buy or sell a 100 oz. Englehard silver bar at current silver prices?

Coxe

I've seen them recently around $1300, but was only paying them peripheral attention. Can't imagine paying such a premium over melt for them, especially with the potential of a difficult to detect drill and fill.

frnklnlvr

I have one and wondered if I should wait to see if silver goes back up before trying to sell. I wish I had sold it this past summer when silver was at $20

Edit: I know mine hasn't been drilled and filled. When my grandfather died in 2003 we found 15 of these bars in his attic, some Englehard, some Johnson Mathey

shorecoll

I would hold onto it for a while, I don't think it will skyrocket anytime soon but you should be able to do better in 2009.

frnklnlvr

Yea, I'd like to wait until silver gets to at least $15 before I sell it.

When my Grandmother found these bars, silver was somewhere around $6 I think. She decided to sell 4 of the 15 so she could give her three daughters and the eight grandkids one each. I know she regrets selling those four now, she got $475 each for them in 2003.