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Strange looking Silver Kilo bars on Ebay...

LukeMarshallLukeMarshall Posts: 1,982 ✭✭✭✭✭
in Precious Metals
I'll just come out and say it, I think it's fake....

I mean it looks as if it were done with a nail set, and a block of who knows what.

UBS silver kilo on ebay

Here is what the UBS kilo that I am familiar with looks like

image

Anybody?

fixed link

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

Comments

  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    It doesn't look right. I'd stay away from it !!! image
    Timbuk3
  • MsMorrisineMsMorrisine Posts: 33,011 ✭✭✭✭✭
    no idea, but I don't liker to color of it.
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • CaptHenwayCaptHenway Posts: 32,113 ✭✭✭✭✭
    Hah! He claims original packaging. That plastic bag with the values printed on it is used to sell foreign exchange to tourists!

    LIAR!!!!!
    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.
  • sebrownsebrown Posts: 424 ✭
    Earlier in the week he was selling an Engelhard 20oz bar that I was tracking. I couldn't find any matching images of the bar on the web so I passed. What's different about it compared to others I found is that the serial numbers are in the upper left corner as opposed to the upper right. Could be real but I wasn't going to chance it.
    "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation [...] Gold stands in the way of this insidious process. It stands as a protector of property rights." - Alan Greenspan
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Fake coins and bars and lookalike "tribute" coins and bars are going to shake confidence in real coins and bars.

    Then someone is going to realize that if it stays as a useless collector/investor coin or bar, and just gets traded around among collectors and investors, and never gets used industrially according to it's truly useful properties as "real silver", then what does it really matter if it's fake?

    oh boy, watch out then. I loves me some metals but I'd be concerned if more than a minor fraction of my wealth was tied up in them

    Liberty: Parent of Science & Industry

  • CaptHenwayCaptHenway Posts: 32,113 ✭✭✭✭✭


    << <i>Earlier in the week he was selling an Engelhard 20oz bar that I was tracking. I couldn't find any matching images of the bar on the web so I passed. What's different about it compared to others I found is that the serial numbers are in the upper left corner as opposed to the upper right. Could be real but I wasn't going to chance it. >>



    I don't recall ever seeing one of those.
    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.
  • Yukoncornelius1Yukoncornelius1 Posts: 654 ✭


    << <i>Earlier in the week he was selling an Engelhard 20oz bar that I was tracking. I couldn't find any matching images of the bar on the web so I passed. What's different about it compared to others I found is that the serial numbers are in the upper left corner as opposed to the upper right. Could be real but I wasn't going to chance it. >>



    I've got 4 Engelhard 20 oz. old poured bars in one of my safe deposit box's I'll have to check the location of the serial numbers to see how they compare.
  • Yukoncornelius1Yukoncornelius1 Posts: 654 ✭


    << <i>Fake coins and bars and lookalike "tribute" coins and bars are going to shake confidence in real coins and bars.

    Then someone is going to realize that if it stays as a useless collector/investor coin or bar, and just gets traded around among collectors and investors, and never gets used industrially according to it's truly useful properties as "real silver", then what does it really matter if it's fake?

    oh boy, watch out then. I loves me some metals but I'd be concerned if more than a minor fraction of my wealth was tied up in them >>



    I usually do not agree with Baley but I agree with everything he says here except the bottom sentence. The ability of the Chinese to make better and better counterfeit coins and bars will hurt the collector market for both, in fact I can see them using real silver in the bars making them potentially indistiguishable.
  • tincuptincup Posts: 5,122 ✭✭✭✭✭
    "oh boy, watch out then. I loves me some metals but I'd be concerned if more than a minor fraction of my wealth was tied up in them"


    My concern also. These fakes are really escalating out there and at some point confidence will be affected. What happens at that point I don't know, but are we going to have to have a drill test on every ingot we buy or sell? Maybe paper silver really IS the way to go.....
    ----- kj
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>Earlier in the week he was selling an Engelhard 20oz bar that I was tracking. I couldn't find any matching images of the bar on the web so I passed. What's different about it compared to others I found is that the serial numbers are in the upper left corner as opposed to the upper right. Could be real but I wasn't going to chance it. >>



    Looks real to me. Engelhard has changed the logo/format on their bars numerous times and the fact that this bar doesn't match another bar isn't enough to condem it. Also, this is an odd size/weight bar so I'm not surprised one would have trouble finding a similar bar for comparison.

    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

  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,358 ✭✭✭✭✭


    << <i>Earlier in the week he was selling an Engelhard 20oz bar that I was tracking. I couldn't find any matching images of the bar on the web so I passed. What's different about it compared to others I found is that the serial numbers are in the upper left corner as opposed to the upper right. Could be real but I wasn't going to chance it. >>




    I purchased that bar. It weighs in at 622 grams. All else looks good.

    Our reference guides are incomplete. We will find undocumented examples from time to time. I know of four different configurations for 32.15 oz Engelhard bars - only one is illustrated at the most commonly referenced website for silver bars.

    image
    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
  • sebrownsebrown Posts: 424 ✭
    Good pickup then OGIM! Glad it proved legit after your verification. One thing for sure....your imaging is much, much better than his. image
    "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation [...] Gold stands in the way of this insidious process. It stands as a protector of property rights." - Alan Greenspan
  • johnny9434johnny9434 Posts: 28,303 ✭✭✭✭✭
    the whole thing looks funny. stay away from it.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    you watch, in due time, it will be risky to buy old pours........think about engelhard or JM old pours, the chinese could easily fake them, just give them time as they are focusing on faking coins, etc.
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  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>you watch, in due time, it will be risky to buy old pours........think about engelhard or JM old pours, the chinese could easily fake them, just give them time as they are focusing on faking coins, etc. >>



    I predict that they will go after the smaller Engelhard bars that carry a premium over melt such as the 5 oz old poured bars.

    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

  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,358 ✭✭✭✭✭


    << <i>

    << <i>you watch, in due time, it will be risky to buy old pours........think about engelhard or JM old pours, the chinese could easily fake them, just give them time as they are focusing on faking coins, etc. >>



    I predict that they will go after the smaller Engelhard bars that carry a premium over melt such as the 5 oz old poured bars. >>




    Quite true, the smaller bars are where the collector premium would allow the use of 999+ silver in the fakes.
    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
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