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5 oz. Engelhard bars

Norseman88Norseman88 Posts: 962
in Precious Metals
What is a fair price to pat for these?? I was in the local shop the other day and they had 4 of them and wanted $1.50 over spot, these were not the old poured bars but rather the newer style.

Comments

  • PerryHallPerryHall Posts: 46,234 ✭✭✭✭✭
    APMEX has 5 oz bars (Silvertown and Sunshine Mining Co) for sale at .99 over spot. At least with your local dealer you don't have to pay for shipping so his price isn't too bad.

    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

  • carscars Posts: 1,904
    That is a great price for them. They are tuff to find in 5 oz size
    Its all relative
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    pay it! Those are great prices for Engelhard 5 ozs. Tough to find in sizes like that.

    I've got the old pour 5 ozers if your interested. Pics listed in the PM forums BST
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • Norseman88Norseman88 Posts: 962
    Thank's for the replies, I'll give him a call tomorrow and buy them over the phone. By the way mkman123 I've got an offer on one of your 10 oz. Homestake bars so let me know if you're interested.
  • Norseman88Norseman88 Posts: 962


    << <i>pay it! Those are great prices for Engelhard 5 ozs. Tough to find in sizes like that.

    I've got the old pour 5 ozers if your interested. Pics listed in the PM forums BST >>



    I know that the old poured 5 oz. bars are very tough and bring a big premium, you've got a nice selection and should be able to move them on e-bay for big bucks if they don't sell here.
  • Norseman88Norseman88 Posts: 962
    I decided to go on a road trip today so I stopped into the coin shop in Fargo and bought the only 2 Englehard 5 oz. bars he had for $1.50 over spot each.
    I asked him what other unusual bars they had so he goes in the back and comes out with an assortment of bars from which I gleaned a 5 oz. Argor S.A. / Chiasso, a casino 5 oz. bar which reads Pioneer Round Up Club Hotel & Gambling Hall Laughlin, Nevada with a cowboy on the far right side holding a brand with a big P and a cowboy hat on the back of the bar it has what appears to be the presidential seal with .999 fine Silver above and 5 troy ounces below and on the bottom in tiny letters NCM, 1 oz. and 5 oz. NCM poured bars all of these were bought for $1.00 over spot which for the NCM 1 oz. bar equaled $14.91.image
  • carscars Posts: 1,904
    Great deals. Esp the Argor & 1 oz NCM...I sold a 5 oz argor Saturday at auction, Went for $140 I think, 1 oz NCM's normally sell $30+

    FYI MKMan has 4 5 oz NCM bars for sale @ $14.50/oz image
    Its all relative
  • Norseman88Norseman88 Posts: 962


    << <i>Great deals. Esp the Argor & 1 oz NCM...I sold a 5 oz argor Saturday at auction, Went for $140 I think, 1 oz NCM's normally sell $30+

    FYI MKMan has 4 5 oz NCM bars for sale @ $14.50/oz image >>



    WOW, $140 sounds like you did great on that bar and looks like I made some good purchases except for the 5 oz. NCM bar unless MKMan is selling his 5 ouncers for below market value.
  • Norseman88Norseman88 Posts: 962
    I'm getting addicted to buying as many different Silver bars as possible, there was one more Chiasso 5 oz. bar at the coin shop so I think I'll call him tomorrow and tell him to set it aside for me until the next time I'm in town.
  • Norseman88Norseman88 Posts: 962
    Hey Cars are Argor/Chiasso kilo bars valuable?? I ask as I bought one this spring and it's the only kilo Silver bar that I currently own.
    I also picked up a 3 oz. Argor/Chiasso Silver bar a couple weeks ago at the coin shop for $1.50 over spot I suppose this bar would bring a nice premium over spot too.
  • carscars Posts: 1,904
    No, The kilo doesn't carry much of a premium. Saturday I sold a 1, 2, 3, 5 oz Argor sa Chiasso bars seperatly. $26, $63, $93, $131. I also have 5, 10, 20, 50, 100 gram from Argor, They carry nice premiums as well image

    Actually a forum member bought the 3 oz from me...
    Its all relative
  • Norseman88Norseman88 Posts: 962


    << <i>No, The kilo doesn't carry much of a premium. Saturday I sold a 1, 2, 3, 5 oz Argor sa Chiasso bars seperatly. $26, $63, $93, $131. I also have 5, 10, 20, 50, 100 gram from Argor, They carry nice premiums as well image

    Actually a forum member bought the 3 oz from me... >>



    Why do these smaller bars bring such big premiums, were they made in limited quantities compared to the larger bars or is it simply that people can afford the smaller bars more easily than kilo or 100 oz. bars??
  • carscars Posts: 1,904
    I assume its a number of things on top of what you already mentioned.

    Art bar collectors normally focus on smaller bars under 5 oz. Smaller Swiss bars always bring a premium. As I stated in another thread its hard to get those sellers to ship over here and rarely are they offered for sale in the US. 2 & 3 oz bars are also an odd size which is what draws many buyers. Why do Pamp Suisse bars sell for $40+/oz when they are still made today? Maybe it has something to do with the VAT they have to pay on the silver therefor increasing the premium for suisse bars.
    Its all relative
  • Norseman88Norseman88 Posts: 962


    << <i>I assume its a number of things on top of what you already mentioned.

    Art bar collectors normally focus on smaller bars under 5 oz. Smaller Swiss bars always bring a premium. As I stated in another thread its hard to get those sellers to ship over here and rarely are they offered for sale in the US. 2 & 3 oz bars are also an odd size which is what draws many buyers. Why do Pamp Suisse bars sell for $40+/oz when they are still made today? Maybe it has something to do with the VAT they have to pay on the silver therefor increasing the premium for suisse bars. >>



    Well I guess this is as good an explanation as any. I do like the look of these bars and I must admit there is a certain charm in owning a 1 gram or 2 ounce bar, like you said they are odd sized bars and I suppose people think it's fun to collect them.
  • nightcrawlernightcrawler Posts: 5,110 ✭✭


    << <i>pay it! Those are great prices for Engelhard 5 ozs. Tough to find in sizes like that.

    I've got the old pour 5 ozers if your interested. Pics listed in the PM forums BST >>





    I can't seem to find this "PM forums BST".

    Can anyone point me the way, thanks.
  • 1jester1jester Posts: 8,637 ✭✭✭


    << <i>

    << <i>pay it! Those are great prices for Engelhard 5 ozs. Tough to find in sizes like that.

    I've got the old pour 5 ozers if your interested. Pics listed in the PM forums BST >>





    I can't seem to find this "PM forums BST".

    Can anyone point me the way, thanks. >>



    Here on this forum, someone starts one each month. Here's this month's: http://forums.collectors.com/messageview.cfm?catid=42&threadid=728128

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    .....GOD
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    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
  • nightcrawlernightcrawler Posts: 5,110 ✭✭

    Thanks 1jester. image
  • 1jester1jester Posts: 8,637 ✭✭✭


    << <i>Thanks 1jester. image >>



    My pleasure, sir!

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
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