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Should I buy a WSM 10oz. bar for $185?

Someone on Craigslist is selling a WSM 10oz. bar, like the one pictured here for $185. Should I buy it?
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Comments

  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    That's not exactly a bargain price. Apmex has the same bar for $181.30.

    I think you might do better on eBay or even the BST forum BST thread here. Or you could ask them if they'd take less.
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  • << <i>How many threads do you plan to ask this question in? >>



    Sorry, but I didn't receive any answers to the question, and due to the fact that I needed answers quickly, I figured I'd start a different thread. And the thread you linked was about a different subject.
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  • gecko109gecko109 Posts: 8,231


    << <i>

    << <i>How many threads do you plan to ask this question in? >>



    Sorry, but I didn't receive any answers to the question, and due to the fact that I needed answers quickly, I figured I'd start a different thread. And the thread you linked was about a different subject. >>




    Look at Weiss' response above then. Is $3.70 such an enormous amount of money to haggle for? And that Apmex price is probably BEFORE shipping. Just go buy the bar, and stop nitpicking. You know how much silver is right now. I would assume you are semi proficient at math. Figure out what the $185 premium represents as a % over melt, and make a decision.
  • Coll3ctorColl3ctor Posts: 3,334 ✭✭✭
    If you use Bing casback, eBay bucks, eBates, etc... you could pick up a top brand name bar for the same or a little less on eBay.


    Personally, I'm not a big fan of Wall Street Mint products.
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    Watch out, gecko ran out of poptarts this morning! image
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame


  • << <i> Look at Weiss' response above then. Is $3.70 such an enormous amount of money to haggle for? And that Apmex price is probably BEFORE shipping. Just go buy the bar, and stop nitpicking. You know how much silver is right now. I would assume you are semi proficient at math. Figure out what the $185 premium represents as a % over melt, and make a decision. >>



    I believe this thread is dead, as I've received some decent opinions and have made up my mind about this. Next time, if you are to comment on mine or anyone else's thread, I think you should at least offer a decent and mild-mannered opinion instead of bashing the thread for no reason.

    Edit: Thanks for all the opinions on this subject, I've made up my mind about whether to purchase this or not.
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  • gecko109gecko109 Posts: 8,231
    "Watch out, gecko ran out of poptarts this morning!"

    The frosted ones too dammit!

    " Next time, if you are to comment on mine or anyone else's thread, I think you should at least offer a decent and mild-mannered opinion instead of bashing the thread for no reason. "

    I was simply curious as to how many times and in how many different threads you were gonna talk about this HUGE financial dilemma. If a $5 swing either way is gonna break you, its quite possible you shouldnt be buying precious metals. If the $5 swing is just simply going to eat away at you, its quite possible you shouldnt be buying precious metals.

    image
  • I had not seen the bar on APMEX, and if I had, I probably wouldn't of asked the question. A $5 swing definitely wouldn't break me, and since I've gotten more interested in precious metals, I was just asking a couple of questions. I understand I made a mistake by asking more than once about the same subject, but I think this argument could of been avoided if you just answered my question and moved on, instead of getting angry because I had asked the question only once before in a different thread that wasn't about this specific topic. This topic is dead and useless, and I understand why you feel angry, although I don't necessarily agree with it.
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  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    wheatguy your new, don't worry. If you have questions, just ask and others will help.

    When I first came, I knew nothing and had to ask lots of questions which probably annoyed some here. However I remember the kindness that some veterans and mega pm hoarders extended to me and helped me out and gave me advice.

    I'm not a sage like some of them but on basic questions pm me and I'll try to help or lead you to someone who knows.
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  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭


    << <i>Someone on Craigslist is selling a WSM 10oz. bar, like the one pictured here for $185. Should I buy it? >>



    Personally, I would stick with the Engelhards and Johnson Mattheys in the 10 oz. size. You'll pay a few bucks more but they're easier to sell at the other end.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • Thanks secondrepublic, I'll definitely consider that when buying any silver bars. And thanks mkman123, I appreciate that.
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  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    I also really like the bars by the German maker Heraeus. Very nice quality and highly regarded internationally. APMEX used to sell their 10 oz bars but now are only selling the 100 oz. bars. The 10 oz. bars, and also 1 oz. bars, often show up on Ebay.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    WSM bars sell really well on ebay. There are two versions. One with the skyline of the Twin Towers and one that doesn't. The one with the Twin Towers always sell well on ebay. They sell well outside of ebay as they are pretty well known as well.

    If you have a WSM and a Engelhard or JM in front of you, pick the JM or Engelhard. But if there aren't any JM or Engelhard, but a WSM, I'd get a WSM granted if the price was good too.
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  • << <i>I had not seen the bar on APMEX, and if I had, I probably wouldn't of asked the question. A $5 swing definitely wouldn't break me, and since I've gotten more interested in precious metals, I was just asking a couple of questions. I understand I made a mistake by asking more than once about the same subject, but I think this argument could of been avoided if you just answered my question and moved on, instead of getting angry because I had asked the question only once before in a different thread that wasn't about this specific topic. This topic is dead and useless, and I understand why you feel angry, although I don't necessarily agree with it. >>



    Don't sweat it, some people hear get their panties in a notch. I don't understand the anger. Maybe he should ignore your threads if it's going to lead him to a heart attack. Geez image
  • jimq112jimq112 Posts: 3,511 ✭✭✭
    You can't go wrong if you buy what you like. 10 oz of silver isn't going to make you rich or poor, so you should buy the bar (or coin) that you enjoy looking at.

    The WSM bars are nice looking.

    Above all, be careful when dealing with craigslist. The person you're meeting knows you're going to be carrying $185 cash. $185 cash isn't a lot of money to 99% of the people here, but there are some people who would do bad things for that much money.

    Be careful and buy what you like.
    image
  • 1jester1jester Posts: 8,637 ✭✭✭
    I have no qualms about paying $185 or $200 for a NYC skyline WSM bar. They're cool and probably will command a decent premium in the future. I have many of them among my bullion collection, not because of the brand but because of the artwork on it.

    imageimageimage
    .....GOD
    image

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  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭


    << <i>If you have a WSM and a Engelhard or JM in front of you, pick the JM or Engelhard. But if there aren't any JM or Engelhard, but a WSM, I'd get a WSM granted if the price was good too. >>



    Why? Are the Engelhard or JM bars better in some way? Do they have more silver or greater fineness?

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  • Coll3ctorColl3ctor Posts: 3,334 ✭✭✭


    << <i>

    << <i>If you have a WSM and a Engelhard or JM in front of you, pick the JM or Engelhard. But if there aren't any JM or Engelhard, but a WSM, I'd get a WSM granted if the price was good too. >>



    Why? Are the Engelhard or JM bars better in some way? Do they have more silver or greater fineness? >>





    It's the same as a loaf of Wonder bread vs. a loaf of Value bread. They are both going to be the same it's just the loaf of Wonder bread is much more recognizable and therefore brings a higher premium image
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    perryhall its just that engelhards and JM are more recognizable than other brands. Locally, the B&M pays more for JM and Engelhard and slightly less for other brands.

    I know some people don't care and silver is silver, its just that from what I have seen, JM and Engelhards are more desired than other brands.
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  • jmski52jmski52 Posts: 22,829 ✭✭✭✭✭
    At least you're finally getting some good responses from some of the knowledgeable posters around here. That's good to see.

    Honestly, this is USUALLY a good place for relative newbies to pick up some good information, so there's no reason for making their lives more difficult. Ya gotta start somewhere, and this is the best place to learn if you don't get attacked for asking the same question twice.

    Gecko, is the idea to show who's got the most consumate knowledge, and then to stomp on all comers? If I'd have been on the receiving end of such hostility when I was new here, I'd probably have left and never come back. Well, maybe that's overstating it, but show a little graciousness, eh?

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  • Thanks, I never expected this thread to turn out like that. I think I might buy the bar, although I spent almost all of my spending money on a Canon. image
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  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭


    << <i> Why? Are the Engelhard or JM bars better in some way? Do they have more silver or greater fineness? >>



    That's the eternal question -- why do Engelhards and JMs (and PAMP and Credit Suisse) always carry a little premium over the "second tier" silver. Maybe they're just more established. More trusted. More well-known. The market perception is what it is. At the end of the day, silver is silver, but people have their preferences.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • i picked up one of each from APMEX last week (type 1 & 2) I like having several bar types as it makes it more interesting and if APMEX sells the brand I trust the name behind it
    "If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    with the price of silver near the mid 18s, looks like this WSM is a good buy right now.
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  • << <i> with the price of silver near the mid 18s, looks like this WSM is a good buy right now. >>



    Definitely, although not as good as your flea market silver. image I ended up using the money to buy some more type coins and Standing Liberty Quarters, although I regret that. The problem is, if I buy some silver and try to hold on to it, I always end up selling it if I see a nice coin I want, so most of my money are in my 3 Danscos (SLQ's, Mercury Dimes and 7070.) I'll probably contact the seller and see what the price is now.
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  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    self control! Get a bit of both: bullion and numismatics and try not to sell the bullion when you see a nice coin coming up!
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  • I really should, but it's difficult not to sell the silver when I see a coin I want. I was never much of a PM person, although maybe that'll change.
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  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    Hang around here more and you will be like most of us image I do enjoy coins too like you! My thing now is proof silver coins and bu silver coins, all raw and in 2x2s no slabs.
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  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    Hang around here more and you will be like most of us image I do enjoy coins too like you! My thing now is proof silver coins and bu silver coins, all raw and in 2x2s no slabs.
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    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • Thanks, mkman maybe I will eventually. I'm sure PM's can be as fun as numismatics. image
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