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Is this a legit 10 ounce silver bar?

BarndogBarndog Posts: 20,490 ✭✭✭✭✭
in Precious Metals
a friend sent me this pic asking if the bars he is considering buying are legit. They are as generic as they come, just saying 10 oz .999 fine pure silver with a large S in the corner.

Pics suck, but that's all he could send



image

JR Newsletter Online Edition

Comments

  • SilverBaronSilverBaron Posts: 767 ✭
    I would be VERY suspect of the bar...

    1] It is stamped "10 oz.' ....... buit not 10 oz. TROY.

    2] Stamped ".999 fine" ..... but not SILVER. Some could argue the "S" is for silver...well....

    3] Stamped "FULL WEIGHT" ...... I have not seen this a a legit bar before.


    I am NOT saying that this is NOT a silver bar...... Butttt...

    Unless you really know your silver or have experience with this exact make of bar ......

    I would pass.....

    Silver Baron
    ********************
    Silver is the mortar that binds the bricks of loyalty.
  • JulioJulio Posts: 2,501 ✭
    Hey Barndog. Sorry I can't answer your question, never seen one of those. cars is into about every type of bullion so maybe he can help. There are several on the board here also quite knowledgable. Just thought I take the opportunity to say hello to an old friend. Take Care. jws
    image
  • carscars Posts: 1,904
    It does say 10 oz .999 fine silver. I've seen them before, Never owned one however. I'm sure its fine. Its best to stick with well known names as you may have a hard time selling in future.
    Its all relative
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    your most likely ok. I've seen lots of old pour silver bars that look like that. Unless the back says Made in China, your ok.
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • BarndogBarndog Posts: 20,490 ✭✭✭✭✭


    << <i>Hey Barndog. Sorry I can't answer your question, never seen one of those. cars is into about every type of bullion so maybe he can help. There are several on the board here also quite knowledgable. Just thought I take the opportunity to say hello to an old friend. Take Care. jws >>



    life is good...in NH this week visiting family. Hope you are doing well too!

    And thanks to all who've replied so far.
    JR Newsletter Online Edition
  • CaptHenwayCaptHenway Posts: 32,099 ✭✭✭✭✭
    Looks like a 1980 garage refinery job. Probably very close in weight and fineness, but its hard to sell them because the assay quality is unknow.

    It s the kind of thing we would buy at a discount and put out in the case for a while to sell to a collector, and throw in our next silver assay lot if it didn't sell by then.

    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    sometimes old pour bars like these sell for a lot more on ebay as collectors collect them. I've seen some sell for 30-40+ an oz!!
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • carscars Posts: 1,904
    Not this one image, Be lucky to get spot.
    Its all relative
  • SportsModeratorSportsModerator Posts: 1,624 mod
    Looks like a late 60's "refined" coin bar from a backyard smelter. It's .9 something, but .999? Good luck.

    ten points back of spot. (On a good day)

    Forum AdministratorPSA & PSA/DNA ForumModerator@collectors.com | p 800.325.1121 | PSAcard.com

  • CaptHenwayCaptHenway Posts: 32,099 ✭✭✭✭✭


    << <i>Looks like a late 60's "refined" coin bar from a backyard smelter. It's .9 something, but .999? Good luck.

    ten points back of spot. (On a good day) >>






    Dat's what I said............
    image
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • SportsModeratorSportsModerator Posts: 1,624 mod
    Just shows how observant I am! Sorry about that image

    Forum AdministratorPSA & PSA/DNA ForumModerator@collectors.com | p 800.325.1121 | PSAcard.com

  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    Cars, yep this one isn't worth more than spot.
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • PreTurbPreTurb Posts: 1,193 ✭✭✭
    It's fine. I've bought and sold many "S" bars.
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