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Englehard 1oz gold bar premiumr?

krankykranky Posts: 8,709 ✭✭✭
in Precious Metals
Is there any premium for an Englehard one ounce 999.5+ gold bar? A friend has one from the early 1980's. It's sealed in a brown plastic pouch that also has Englehard on it. Serial number is 26xxx. Want to let her know if it's OK to sell for melt or whether there is collector value beyond that.

New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

Comments

  • nibannynibanny Posts: 2,761 ✭
    I don't think they carry a big premium but they are not easy to find in the brown paper.

    Check this out, from the Master Stacker!
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • LukeMarshallLukeMarshall Posts: 1,982 ✭✭✭✭✭
    I would say not to much of premium due to the fact that it's .9995 and not.9999

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

  • nibannynibanny Posts: 2,761 ✭


    << <i>I would say not to much of premium due to the fact that it's .9995 and not.9999 >>



    I have never seen a 9995 Gold bar. Usually that's the finess of Platinum.
    Kranky, are you sure about it?
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • PokermandudePokermandude Posts: 2,713 ✭✭✭
    Very few 1 oz gold bars have much of a premium over generic ones. Kinda hard to have much added collector value when the melt value is $1600+
    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
  • krankykranky Posts: 8,709 ✭✭✭


    << <i>

    << <i>I would say not to much of premium due to the fact that it's .9995 and not.9999 >>



    I have never seen a 9995 Gold bar. Usually that's the finess of Platinum.
    Kranky, are you sure about it? >>



    Yeah, looks just like the one in the linked page.
    Link to Apmex page.

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

  • CaptHenwayCaptHenway Posts: 32,115 ✭✭✭✭✭


    << <i>

    << <i>I would say not to much of premium due to the fact that it's .9995 and not.9999 >>



    I have never seen a 9995 Gold bar. Usually that's the finess of Platinum.
    Kranky, are you sure about it? >>



    .9995 was a step up from the old industry standard of .999.

    In reality it means nothing as to the marketability of the bar. Englehard is well known. No need to melt 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.
  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    Tell her to keep it !!!
    Timbuk3
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