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Engelhard London kilo gold bar 995 fine

goldenboy1goldenboy1 Posts: 2
in Precious Metals
Hello,

Was looking to buy a small gold bar at a local pawn shop the other day, 2oz max and my eye fell on a 1 kilo Engelhard gold bar poured 995 fine bar...
I could not take a photograph but is the same one as the pictured here

http://www . taxfreegold . co.uk/images/engelhardlondoni1kilogoldbar400.jpg

it looked really old and that got my attention...

did some research but there is absolutely nothing I can find on Engelhard kilo bars, however the 1 and 2 oz bars sell quite well on ebay...

it is up for sale at gold spot price plus 10% premium...

apparently this bar is really rare but is it really worth a 10% premium?

any help would be really appreciated...

Comments

  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    a kilo of gold costs a lot of money... not too many buyers at that price point. not sure about the premium but I doubt there's much of one at that kind of price level.
    "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)
  • DorkGirlDorkGirl Posts: 9,994 ✭✭✭
    image
    Becky
  • melikecoinsmelikecoins Posts: 1,154 ✭✭
    Welcome

    Glen
    I don't buy slabs I make them
  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    It may be rare....but it's still only a large gold bar. btw you can get 1 kilo Engelhard bars at APMEX for only a slight premium above melt.

    APMEX 1 kilo Engelhard

    oops me bad...out of stock.

    Other 1 kilo bars
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • nibannynibanny Posts: 2,761 ✭
    It's a cool bar but I wouldn't put that much money on one single piece. It may become "boring"...
    Though, I don't know how much you make, that bar for you could be like a tenth ozer for me!

    In any case, welcome!!
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    I like it but that's a lot of money
    to drop !!! image
    Timbuk3
  • UNLVinoUNLVino Posts: 416 ✭
    I would have more fun with 32 1 oz bars image
  • CaptHenwayCaptHenway Posts: 32,156 ✭✭✭✭✭
    Collectible to some, but possibly difficult to sell being "only" .995 fine. At $1560 an ounce that is a discount of $7.80 per ounce. (At $35 an ounce it was only 17 and a half cents!)

    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.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    I've held a old style Kilo gold engelhard a few ago when I lived in California. The B&M owner showed me, looked really neat!
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • goldenboy1goldenboy1 Posts: 2
    thank you for the kind welcome

    I will also go for a 2 oz bar but that kilo was really tempting.. .and the premium got me wondering...

    and then I saw that auction here http://www.ebay.com/itm/RARE-GOLD-BAR-Vintage-HAND-POURED-10-TROY-OZ-ENGELHARD-GOLD-BAR-/150997609044?pt=Bullion_US&hash=item232828aa54

    this one went one for a nice premium above spot price...

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