Engelhard poured gold - my first piece
OnlyGoldIsMoney
Posts: 3,365 ✭✭✭✭✭
This 50 gram bar arrived this week. Despite containing more gold than a $20 US double eagle, this bar is surprisingly small (despite the huge picture) - but quite dense.
I'd love to see some other poured gold examples - or post some gold you like.
I'd love to see some other poured gold examples - or post some gold you like.
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
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
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bob
Liberty: Parent of Science & Industry
<< <i>Picked this one up earlier this year:
>>
That is one cool bar.
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
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
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Cool bar! Never seen one in hand.
Take another picture of it with a Quarter beside it for size comparison.
Too many positive BST transactions with too many members to list.
<< <i>Cool bar! Never seen one in hand.
Take another picture of it with a Quarter beside it for size comparison. >>
I'll try to remember to do that next time I'm in my safe box. I have a 5oz silver JM poured bar that will make a nice contrast too The gold bar is about half the size.
I knew it would happen.
<< <i>Cool bar! Never seen one in hand.
Take another picture of it with a Quarter beside it for size comparison. >>
I had a photograph handy with a Walking Liberty. Here you go.
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
I thought that was a Silver Eagle at first glance until I looked at the date!! That thing is small and way cool.
Too many positive BST transactions with too many members to list.
Here are a few of my bars. The 50g is a Canadian variety similar to Gold Standard's...
London 1oz & Australian 2oz bars:
Canadian Collection:
London 5oz:
Standard production pieces. Couldn't find my matching 1oz in red, white & blue but tossed in the modern flag counterpart:
This pair is a bit unique in the 999.5 refinement:
Seinfeld reference...I think it moved
Great bars everyone!
Groucho Marx
My only Gold Engelhard:
"having money's not everything and not having it is."
-Kanye West
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......
<< <i>I own two slightly different 10 OZ. poured Englehards. How much of a premium are they worth? >>
Not many collect at the level where the cost of admission is $17,150.
Some 2 to 5 ounce bars that sold on ebay about two months ago fetched up to 30% premiums. A 1 ounce bar did even better.
Based on recent poured bar sales a 20-25% premium is realistic for 10 ounce bars - depending on who bids.
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
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
linky
linky2
<< <i>How do you post the pictures direct? >>
When you view your picture in photobucket just hit the IMG link (bottom of four choices) and it it will "flash" copy. Then just copy it directly to the thread. MJ
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......
Thank you for posting them, gentlemen.
OK, that worked. Thanks.
Nice bars Tom!
MJ
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......
<< <i>Maybe I'll list them on BST to see what the market really is on these. >>
Spot + a six pack of beer
Nice yellow everyone
It's all about what the people want...
<< <i>People keep saying poured bars are worth a premium. Are they wrong? >>
I didn't think there would be much or any premium on poured gold bars 2oz or larger, but it appears I am wrong. Found this 5 oz gold poured Engelhard London bar that sold on ebay not long ago. Worked out to 7% over the at the time spot *AFTER* ebay and paypal fees!
whooooaa
I wouldn't expect the more "common" poured bars (like mine) to bring as much. But certainly in the neighbourhood of spot or slightly over spot after the significant Ebay fees wouldn't be out of the question.
You have two different type bars that a "collector" might desire. Thing is you'll need another collector of high dollar bullion items at premiums.
Ebay is a huge market that touches a great many of such people, but we all know about the fees.
It may be worth it to you to try the whole "buy it now or best offer" deal, but you'll have to do the math on the fees.
By the way. they are very nice
It's all about what the people want...
<< <i>
<< <i>People keep saying poured bars are worth a premium. Are they wrong? >>
I didn't think there would be much or any premium on poured gold bars 2oz or larger, but it appears I am wrong. Found this 5 oz gold poured Engelhard London bar that sold on ebay not long ago. Worked out to 7% over the at the time spot *AFTER* ebay and paypal fees!
whooooaa
I wouldn't expect the more "common" poured bars (like mine) to bring as much. But certainly in the neighbourhood of spot or slightly over spot after the significant Ebay fees wouldn't be out of the question. >>
Assuming spot was $1,750, the buyer of the 5 oz London bar on ebay paid a premium of 28%. If ebay and paypal cost a combined 13% the seller should still have realized a nice premium over spot.
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
<< <i>Picked this one up earlier this year:
>>
nice bar
<< <i>Just curious before I do anything.... if, hypothetically, I were to offer to trade the two bars for 21 ounces worth of BU American Eagle gold, am I asking for a 5% premium figuring just the ounces of gold, or should I factor in the premium over spot that American Eagles bring? >>
To determine the true premium I belive you need to factor in the premium that AGE's commonly realize over spot.
FWIW you may be undervaluing your bars if you just want to net 1 ounce via the trade (20 ounces traded to gain 21).
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
<< <i>
OK, that worked. Thanks. >>
I have now listed these on BST.
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
<< <i>Those small, thick square bars are cute, but hard to sell. >>
They are neat looking. How much do they weigh?
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