3.75 oz johnson matthey gold 10 tolas...5525 ? is that a good price?

collectall

ive heard there rare and hard to find, a guy on e bay i been goin back and forth with has set his final price at $5525 shipped.. I thought it was a tad too much , but also hear there hard to come by.. any input on this particular piece and the high premium its said to be bringing??

listed as ..** 10 TOLAS ** SCARCE POURED JOHNSON MATTHEY LONDON old Bar 3.75 oz

item number 331025847460

any input??

OnlyGoldIsMoney

They are available at Apmex for about $100 less (check or bank wire) and just a tad more than the price you note if you use a credit card.

derryb

I always try to consider resell down the road on such pieces. For that reason, I'd pass on this even at a lower price. Authenticity and actual gold content (not bar weight) would concern me, so I have to assume it would concern my future buyers when it came time to sell, particularly when they can buy certified gold cheaper. The easier it is to counterfeit something of high value, the greater the odds that it may not be real. This is not something I would buy off ebay unless I knew my seller.

This appears to be something for the serious collector and I would expect a serious collector to take the precautions of knowing he is getting what he is paying for. That in itself requires more costs.

Weiss

<< <i>I always try to consider resell down the road on such pieces. For that reason, I'd pass on this even at a lower price. Authenticity and actual gold content (not bar weight) would concern me, so I have to assume it would concern my future buyers when it came time to sell, particularly when they can buy certified gold cheaper. The easier it is to counterfeit something of high value, the greater the odds that it may not be real. This is not something I would buy off ebay unless I knew my seller.

This appears to be something for the serious collector and I would expect a serious collector to take the precautions of knowing he is getting what he is paying for. That in itself requires more costs. >>



This. It'd be fun to own, but even I as the owner would question its authenticity, resale value, etc.

If you have a collection of esoteric gold bars and are buying simply for their enjoyment, have at it (but use extreme caution).

If you are buying gold for any other reason (inflation hedge, SHTF, long term planning, etc), then stay the heck away from something this obscure.

collectall

i love jm and engelhard gold.. i like the older poured bars, harder to find, i havent sold much in the past 10 yrs, i traded a bit here n there..

if i bought it id hold it for quite a while id guess, im leanin toward apmex buy , if i do it now that i know they have them, and cheaper..

and im guessing there guarenteed authentic if from apmex???

CaptHenway

I have told the story here about the gold collector we used to have before I retired who collected gold bars that were different. His collection totaled about 3,800 ounces.

When gold broke $1,000 he decided to cash out for a variety of reasons. We brokered the deal for him. The common 100, 200, 250, 500 and 1,000 gram bars went straight to the smelter, but I tried to sell the more interesting stuff, such as the 10 Tola bars, for 101% of melt to keep them out of the furnace. Couldn't move them. Everybody was afraid that gold was going to drop back to $500-$600.

TD

LochNESS

At the end of the day, you must remember how many ounces it contains ... and when the time comes for you to sell, will your buyer care that it says johnson matthey?

Pokermandude

Kinda neat, but personally I wouldn't buy a piece of that type. Odd size, weight not noted in oz on the bar, weight above 1 oz. The only saving grace is that it had the JM brand name on it.

rawteam1

<< <i>I have told the story here about the gold collector we used to have before I retired who collected gold bars that were different. His collection totaled about 3,800 ounces.

When gold broke $1,000 he decided to cash out for a variety of reasons. We brokered the deal for him. The common 100, 200, 250, 500 and 1,000 gram bars went straight to the smelter, but I tried to sell the more interesting stuff, such as the 10 Tola bars, for 101% of melt to keep them out of the furnace. Couldn't move them. Everybody was afraid that gold was going to drop back to $500-$600.

TD >>


and on the flip side, had he waited til 1700+ he would have melted nothing & sold everything like hotcakes...

rawteam1

<< <i>At the end of the day, you must remember how many ounces it contains ... and when the time comes for you to sell, will your buyer care that it says johnson matthey? >>


i would like to think most, if not all serious buyers have a scale...

PerryHall

<< <i>

<< <i>At the end of the day, you must remember how many ounces it contains ... and when the time comes for you to sell, will your buyer care that it says johnson matthey? >>


i would like to think most, if not all serious buyers have a scale... >>


Yup. And my cell phone has a calculator so figuring it's melt value should be very easy. Also, anyone that buys precious metals will know the Johnson Matthey name which is well recognized and well respected.

LochNESS

LOL no guys, I think you misunderstood my comment ... I didn't mean he would have to literally remember the no. of oz (as if he would forget or not have access to scale or calculator) ...

The OP asks if that was a good price. My reply was meant to imply "no" because the price-per-oz is too high (IMO). Odd sizes and famous names are nice but at the end of the day, you must *keep in mind* how many ounces it contains because that's all that really matters in price. Again, IMO.

PerryHall

<< <i>LOL no guys, I think you misunderstood my comment ... I didn't mean he would have to literally remember the no. of oz (as if he would forget or not have access to scale or calculator) ...

The OP asks if that was a good price. My reply was meant to imply "no" because the price-per-oz is too high (IMO). Odd sizes and famous names are nice but at the end of the day, you must *keep in mind* how many ounces it contains because that's all that really matters in price. Again, IMO. >>


This is an excellent point. Paying a premium for an odd size and a famous name comes with the risk that it may be very difficult to get that premium back at some future date when it comes time to sell.

AUandAG

If ever you needed the gold to survive, heaven forbid, then the name on the bar means nothing.

Gold is gold.

Names are for collectors only.

bob

Baley

A lot of us have large "collections" of precious metal that would take significant time and effort and cost to "market" to get the premium back out... Dumped all at once, it will get weighed as metal, and some of the esoteric items might even get discounted.

LochNESS

Murphy's Law … it's highly collectible until you try to liquidate …