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AgBloxAgBlox Posts: 744 ✭✭
in Precious Metals
APMEX has 68 Engelhard 1/2 oz prospectors at the moment. They had a bunch of 1/2 oz pamp suisse bars for $14 each but I jumped on those image

$16.20 on the Engelhard 1/2s if you purchase over 20. I passed but thought someone here may want em.

Comments

  • MilesWaitsMilesWaits Posts: 5,374 ✭✭✭✭✭
    I don't get it??
    That is a huge premium over spot; is there a perceived or real numismatic value to these?
    Curious......

    Miles
    Now riding the swell in PM's and surf.
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,371 ✭✭✭✭✭


    << <i>I don't get it??
    That is a huge premium over spot; is there a perceived or real numismatic value to these?
    Curious......

    Miles >>




    I am wondering the same thing. Almost all of my silver is in the form of generic 10 oz bars at only modest premiums over spot. Why would stackers pay so much above spot for silver bullion?
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • TWQGTWQG Posts: 3,145 ✭✭
    There's nothing rare about either of those items. I don't know why anyone would pay those premiums.
    My eBay store
  • AgBloxAgBlox Posts: 744 ✭✭
    They're collectible and sell for quite a premium. It's not a super deal but they're priced at a lower price than you'll get them on eBay and you rarely will find that many at one time. They will not last long. The 1/2 oz pamp bars sell for $30-$40 each on eBay. If they were a buck or so cheaper I'd have pulled the trigger.
  • MilesWaitsMilesWaits Posts: 5,374 ✭✭✭✭✭
    This is the one completed ebay auction I could find on the Half-Ounce Prospector's that averages out to approx. $22.00 per round.

    It was a free shipping auction so it averages out to a bit less buying (with shipping) from APMEX. Bear in mind, that is ONE auction.

    So, it's a toss up and the beauty/intrinsic value of the round is in the eyes of the purchaser, as always.

    Miles
    Now riding the swell in PM's and surf.
  • AgBloxAgBlox Posts: 744 ✭✭
    I've witnessed hundreds of these sell over the last few years and even when silver is $9/oz these sell around $20 each. I'm not asking anyone if its a good deal, I know it is, no need for debate. I just thought someone maybe interested in these. Show me one other source where you can find these for this price in any quantity, let alone 68 in one spot.

    People pay premiums for Morgan & Peace dollars why not these? I guarantee you Morgan dollar mintages are at 100x that of these pieces. One of these days Silver bars & rounds will get the respect they deserve and prices will skyrocket.

  • PerryHallPerryHall Posts: 46,264 ✭✭✭✭✭


    << <i>There's nothing rare about either of those items. I don't know why anyone would pay those premiums. >>

    image

    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

  • SilverBaronSilverBaron Posts: 767 ✭
    When Engelhard came out with these in 1985, they were offering a perfect fractional weight

    alternative to 90%. You will see these in 1/10 , 1/4 , and 1/2 oz sizes. They all came in 5oz tubes.

    The 1/10s were the most popular followed by the 1/4s and the 1/2s. Sales of the fractionals were

    so bad that Engelhard made them a 1 year only experiment. While I do not consider any of these

    as " RARE " ....... finding them as singles is tough .... and full original rolls are very tough. How many

    have you seen at shows or at your local B&M? As for collectability .... Shoot yes ..... Engelhard and JM

    bar collecting is just begining. And while the smaller bars do have a big premium ... over all you are getting

    a lot of value for the money .... and no grey sheets!! As for price .... I see it as fair. Lets see how long they

    last to determine how fair. ( and no, I will not buy them to mess with Y'All !!).


    Keep on Stack'n !!

    SB

    ----- and a special thanks to AgBlox for the heads up image --------- it is difficult to keep up with everyones offerings!!
    Silver Baron
    ********************
    Silver is the mortar that binds the bricks of loyalty.
  • AboutAgAboutAg Posts: 201 ✭✭


    << <i>APMEX has 68 Engelhard 1/2 oz prospectors at the moment. They had a bunch of 1/2 oz pamp suisse bars for $14 each but I jumped on those image

    $16.20 on the Engelhard 1/2s if you purchase over 20. I passed but thought someone here may want em. >>



    I saw those 1/2 oz Suisse bars (did you notice that they said they had 'abrasions in the fields', I think it was?).

    As for the fractional Engelhards, there were a number of 5 oz tubes of 50 1/10oz'ers sold on eBay recently, that went for around $500-$700 (over $100/oz).
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