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How Old, Rare is this Silver "Bar"

Jinx86Jinx86 Posts: 3,710 ✭✭✭✭✭
in Precious Metals
This "bar would have been purchased by my grandfather back in the 60's or 70's. It was then a wedding gift to my mom and dad then given to me as a part of my wedding gift.

I brought this in the local dealer and he offered very strongly on the spot for it saying he had a buyer willing to pay whatever was asked. I was offered spot price for twice its weight, he actully offered higher spot on 25 ounces. Which would be nearly $500, hard to turn down on an ugly lump of silver. But I thought Id post in here and see what people think of it.

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Comments

  • derrybderryb Posts: 36,795 ✭✭✭✭✭
    sell it and buy silver eagles.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • CaptHenwayCaptHenway Posts: 32,128 ✭✭✭✭✭
    What does it say on it?
    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.
  • Wolf359Wolf359 Posts: 7,656 ✭✭✭
    Why sell? The family history is important to you, obviously.
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  • RedHerringRedHerring Posts: 2,077 ✭
    Grandfather's? Wedding gift to your parents then to you? For $500?

    I wouldn't sell it unless I needed the money for food!

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  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    same question: selling family heirlooms? why?

    if trying to learn about it, how about a closeup picture of the inscription? what did you say it weighs?

    Liberty: Parent of Science & Industry

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Selling that may put a jinx on you. Bad mojo selling family heirlooms-gifts.
    Avid collector of GSA's.
  • StewStew Posts: 1,002


    << <i>Selling that may put a jinx on you. Bad mojo selling family heirlooms-gifts. >>

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  • Jinx86Jinx86 Posts: 3,710 ✭✭✭✭✭
    Its stamped "Black Hills" "Sterling Silver" "12 .OZ"

    My grandfather was the one who started me investing in silver/coins and such. He always was going to auction sales buy up what ever he thought he could resell for a profit, problem is he didnt really like to selling anything till he knew it was the best possible money he could get. Hes the reason I'm 24 and have a basement full of antiques.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Its stamped "Black Hills" "Sterling Silver" 12 .OZ >>



    Take the $ & run and never look back.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭


    << <i>

    << <i>Its stamped "Black Hills" "Sterling Silver" 12 .OZ >>



    Take the $ & run and never look back. >>



    I wouldn't consider this to be a heirloom any more than much of the stuff that you probably inherited. Agree with the take the money and run sentiment. It's not worth nearly as much as they are offering you.

    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

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