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Engelhard One Ounce Bars from the 1970s

TomBTomB Posts: 21,200 ✭✭✭✭✭
in Precious Metals
Perhaps some on these boards might be able to help me with these or might have an interest in them. A local gentleman brought a box of these to a friend of mine yesterday for sale and there are approximately 150 one ounce rectangular bars in the box. The numbers are either consecutive or nearly consecutive and the previous owner said he had the bars since the 1970s. Is there much of a premium attached to these? Also, might anyone here be interested in some or them? Thank you.
Thomas Bush Numismatics & Numismatic Photography

In honor of the memory of Cpl. Michael E. Thompson

image

Comments

  • CiccioCiccio Posts: 1,405 ✭
    For what I know, Engelhard bars always carry a premium (at least on eBay), especially with consecutive serial numbers.

    Here you can find some more info.

    AboutAg


    PS: IMO, will be plenty of people interested in some of them!
  • indiananationalsindiananationals Posts: 1,094
    i would buy them all
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  • gecko109gecko109 Posts: 8,231 ✭


    << <i>i would buy them all >>




    Not even knowing the price? You really ARE a PM bull!!! image
  • TomBTomB Posts: 21,200 ✭✭✭✭✭
    From what they were offered at to me and then how much I would have to build into them to absorb postage and some time, it appears that they are too stiff in premium to be justified. I hadn't been trying to get rich on these, but was just attempting to find out what the market dictated they were worth and to ship them to those who might be interested. As stated, I think the price quoted to me would make it too high for others in the end. Thanks.
    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • taxmadtaxmad Posts: 978 ✭✭✭✭
    These are stamped, not poured - correct? Not much of a premium. Collectors love the poured bars, but the extruded bars not as much...
  • CiccioCiccio Posts: 1,405 ✭


    << <i>These are stamped, not poured - correct? Not much of a premium. Collectors love the poured bars, but the extruded bars not as much... >>



    A bunch of today's auction closed around $40 with $4.95 shipping for 1 bar.
    I think it's a nice premium!
  • PerryHallPerryHall Posts: 46,113 ✭✭✭✭✭


    << <i>

    << <i>These are stamped, not poured - correct? Not much of a premium. Collectors love the poured bars, but the extruded bars not as much... >>



    A bunch of today's auction closed around $40 with $4.95 shipping for 1 bar.
    I think it's a nice premium! >>



    What does the seller make after the eBay fees, paypal fees, and shipping fees?

    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

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    <<What does the seller make after the eBay fees, paypal fees, and shipping fees?>>

    $35.20. eBay has made it so the average person cannot afford to do business there. Yet, their stock continues to rise. Can you say, manipulation at its finest? Then, if the buyer doesn't like it for any reason whatsoever, you have to take it back. No thank you eBay. All I sell there anymore is stuff I could care less if I make anything on it, mostly garbage found around the house.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • CiccioCiccio Posts: 1,405 ✭


    << <i>

    << <i>

    << <i>These are stamped, not poured - correct? Not much of a premium. Collectors love the poured bars, but the extruded bars not as much... >>



    A bunch of today's auction closed around $40 with $4.95 shipping for 1 bar.
    I think it's a nice premium! >>



    What does the seller make after the eBay fees, paypal fees, and shipping fees? >>



    The OP asked if these bars bring any premium, so I see this question: how much are the buyers willing to pay for these bars?

    edited to add: btw, the seller should make approx $38.16 given that he ships First Class and doesn't insure $40 of merchandise.
    And few bars sold well over $40.
  • chumleychumley Posts: 2,305 ✭✭✭✭
    actually $42ish is getting common on the bay for Engelhards
  • jdillanejdillane Posts: 2,365 ✭✭✭
    Too bad the ask is too high as I would be interested at a reas price.
  • fiveNdimefiveNdime Posts: 1,088 ✭✭
    PM sent for some
    BST transactions: guitarwes; glmmcowan; coiny; nibanny; messydesk
  • TomBTomB Posts: 21,200 ✭✭✭✭✭
    A number of folks have sent me private messages with respect to the pricing on these bars so I will add to the thread what I have been offered. They were offered to me at spot + $3.50 each when spot was just above $36.00 and I would expect that with current spot just below $36.00 that the price is essentially the same. I do not have physical possession of the bars and would have to drive out to purchase them and then drive back to package and mail the bars to whomever might be interested in them. Additionally, ebay prices for single bars look to be about $42 to $44 at this time. Given where I would be simply to acquire the bars and the fact that I would then have to drive around and package them as well as pay for shipping and PayPal fees, if required, I believe the bars would have to be sold in units of ten bars or more at spot + $7.50 per bar if they are still available. This is in line with what I have seen on ebay, but also seems to be much higher than anyone here wants to pay. Please understand this post was not meant to be some type of massive money maker for me, rather, I didn't know how "exotic" these bars might be and wanted the people here to be able to buy them if they had a strong following. This should answer most questions about the bars.
    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • PerryHallPerryHall Posts: 46,113 ✭✭✭✭✭


    << <i>actually $42ish is getting common on the bay for Engelhards >>



    What does the seller make after shipping, eBay fees, Paypal fees, etc? This was a rhetorical question so there is no need to answer it. That's why you may be better off selling it on the BST at a more reasonable price in addition to being able to deal with a better class of buyer.

    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

  • BigEBigE Posts: 6,949 ✭✭✭
    Perry, shipping would be about 2.50 per 1 ounce package, the package itself to send it in, about 1.00 or so. Seller would pay 3.50 for shipping if I sold a bar on e-bay.

    E-Bay fees 10%, so around 4.00

    Pay Pal about 3%, so 1.20


    42. minus 5.20, 36.80 is what the seller ends up with , so I would not sell an englehard 1 0z on the bay unless they brought at least 50.00. Probably wouldn't bother with any size bar there------------------BigE
    I'm glad I am a Tree
  • PerryHallPerryHall Posts: 46,113 ✭✭✭✭✭
    I guess then that it would make the most sense to buy ten or more small bars in a single transaction to keep the cost per bar at a reasonable level.

    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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