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My $125 bid for this auction was swept away!

nibannynibanny Posts: 2,761 ✭
in Precious Metals
I had no idea these tiny bars were so expensive if all together...

1g JM sheet
The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009

Comments

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Seller warned you in his description: If you are not a serious Johnson Matthey collector this is not what your looking for so you want to keep moving.

    What, you didn't want to pay $357 for 2/3 of an oz. of silver?

    Liberty: Parent of Science & Industry

  • WingsruleWingsrule Posts: 3,010 ✭✭✭✭
    Actually, I figured they would go for more than that. Less than $18 each.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    Seriously cool. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    am I the only one who thinks that's a huge waste of money?
    "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)
  • calleochocalleocho Posts: 1,569 ✭✭
    I sold a 1 gram JM gold bar with an original assay card from 1983...it sold for 3X spot and it had over 300 watchers.

    "Women should be obscene and not heard. "
    Groucho Marx
  • morgantypemorgantype Posts: 456


    << <i>I sold a 1 gram JM gold bar with an original assay card from 1983...it sold for 3X spot and it had over 300 watchers. >>



    That was you!
    Many buy and sell transactions. Let's talk!
  • morgantypemorgantype Posts: 456
    I follow these pretty closely.

    The single 1gm bars generally sell for 20-30 bucks.

    5 GM bars can be had for as little as 15 (much more common)

    10gm bars will reach 35-45 fairly rare.

    1/2 ounce can run up to 40-60 bucks

    2 ounce bars will run up 125.

    1/2 kilos, stupid money. Upwards to 50-70 per ounce.

    All prices are for JM. That's all the odd sizes I can think of off the top of my head. I won't admit to which ones of the above I have fallen prey to image

    If you are into the Engelhard fractional prospectors, these so go for huge premiums. Some guy had a few rolls of 1/10 oz original rolls recently that sold for 425 which I thought was a fair price. They were all snapped up pretty quickly.

    I have seen 1 original roll of halves (5 ounces) that went for about 45 per ounce a couple years ago (spot was something like 20 bucks or so.

    Single 1/10 can be had for as little as 12-14 bucks. 1/4 generally sell for about 20-25. 1/2 oz generally sell for 35-45.

    I am about 2 months from placing a WTB on the bSt for these. So if you have any please offer. (sorry fort the plug)

    Now if you want to talk fractional JM gold, that's a whole different ball game......

    Many buy and sell transactions. Let's talk!
  • tydyetydye Posts: 3,894 ✭✭✭
    morgantype - great info
  • gecko109gecko109 Posts: 8,231 ✭
    Some eye candy. At one point, I had what must have been one of the most extensive and complete collections of fractional silver bullion anywhere to be found. I had over 100 of the JM 1gm bars alone in the collection!


    image

    image

    image
  • nibannynibanny Posts: 2,761 ✭


    << <i>Some eye candy. At one point, I had what must have been one of the most extensive and complete collections of fractional silver bullion anywhere to be found. I had over 100 of the JM 1gm bars alone in the collection!
    >>



    I remember these pictures! image
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    And what should warrant you with a "you suck" award Phil is that you probably paid near whatever Spot was at the time for it all, right? image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>And what should warrant you with a "you suck" award Phil is that you probably paid near whatever Spot was at the time for it all, right? image >>





    Not even close! If I could have bought this stuff near spot, I would have bought 50x as much or more. I paid heavy premiums for everything in those pics.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    I was kidding Phil.

    I'm getting a taste of it myself now that I've allowed myself to start collecting "collectible" silver. Sometimes I question my sanity paying what I do for some of it because I always take the approach of when I buy, will I be able to get what I paid for out of it when it comes time to sell it.
    So far, so good though so I guess I'll keep stackin the things I like.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • mikeygmikeyg Posts: 1,002 ✭




    It must be a silver "thing".Last year I bought a set of 10 canadian wolf half ounce coins in the plastic sheet for $250 and questioned my sanity since silver was going for about $35 an ounce.Two weeks later I saw another one up for sale but they wanted $450 so I passed.
  • DorkGirlDorkGirl Posts: 9,994 ✭✭✭


    << <i>am I the only one who thinks that's a huge waste of money? >>

    No.
    Becky
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>

    << <i>am I the only one who thinks that's a huge waste of money? >>

    No. >>






    Its the equivalent of spending $38 on a collectible silver dime, or $100 on a collectible silver quarter.

    So basically anyone who spends $38 on a single silver dime is that considered a "huge waste of money" in your eyes?
  • calleochocalleocho Posts: 1,569 ✭✭
    Its an interesting niche collecting... I sold some hard to find engelhard, JM and Pamp bars a few weeks ago and I was surprised to see so many watchers and emails from all over the world.

    I sold the JM gold bar to a collector in Great Britain.

    Very robust prices and even offers to buy more at higher prices.

    "Women should be obscene and not heard. "
    Groucho Marx
  • morgantypemorgantype Posts: 456
    I think I may have shipped off a package to that same buyer from Britain this week.

    What city/province?
    Many buy and sell transactions. Let's talk!
  • LukeMarshallLukeMarshall Posts: 1,982 ✭✭✭✭✭
    I picked these up sometime last year...

    Didn't pay stupid money, but did pay a premium.

    image

    I ended up trading the one on the right for a roll of BU morgan dollars + a roll of mercs, so Plus 3oz ( it was pretty Gouged up on the back)

    I have seen the 1/2 kilo go for over a thousand on ebay though

    image

    It's all about what the people want...

  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>am I the only one who thinks that's a huge waste of money? >>



    No.

    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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