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Taking a bar out of assay?

illinifan912illinifan912 Posts: 1,462 ✭
in Precious Metals
A buddy of mine is thinking about it for 1 oz gold Canadian mint bars, if he decides to sell them later how much of a premium would he lose out on if he took them out of the assay?

Comments

  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    I always consider assays to be as easy to counterfeit as the gold itself. They mean nothing to me. If I don't know a gold product well enough for it to pass my eyeball test, I don't buy that particular product. This is the reason I limit what gold products I will purchase.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • BBNBBN Posts: 3,761 ✭✭✭
    What about the one gram bars from places like Istanbul Gold Refinery. Would that be better left in the card? I have a couple of these.

    Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin

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  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    It's better left in the assayers certificate. Even your bullion dealers will discount, when buying or selling, those that do not have the certificate.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • lcoopielcoopie Posts: 8,872 ✭✭✭✭✭
    why would he even think of doing that?

    LCoopie = Les
  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    If I have reason to question what I am buying I assume my future buyer will also have his doubts.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • dolomitedolomite Posts: 92 ✭
    Some collectors are not in the habit of picking up raw pieces if they were originally issued in assay card. Others seek them in pursuit of the reduced premium.

    I believe your buddy's answer depends on his motivation for removing it from the original assay card.
    “Be so good they can't ignore you.” — Jerry Dunn
  • PerryHallPerryHall Posts: 46,140 ✭✭✭✭✭


    << <i>why would he even think of doing that? >>


    Agree. It makes no sense to me.

    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

  • nibannynibanny Posts: 2,761 ✭
    These bars don't have a big premium anyway.
    If he wants to "feels" and enjoy her naked, he's going to waste few bucks, not a big deal.
    Between a sealed and a raw, I'd buy a sealed.
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I stick mainly to U.S. gold coin.... I do have some Canadian and Mexican though, but I know they are authentic. Bars are interesting, but more for collectors (IMO).. and not as liquid. Cheers, RickO
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    I have a 21gram .999 fine gold dragon made in China. I find .999 gold jewelry more attractive than any bar.

    Taking a gold bar out the card is no more damaging than unsealing a green monster box. I wanna know & feel what I boughtimage
    Avid collector of GSA's.
  • illinifan912illinifan912 Posts: 1,462 ✭
    he prefers the natural look of them and stacking them look a little nicer in his opinion.
  • nibannynibanny Posts: 2,761 ✭


    << <i>he prefers the natural look of them and stacking them look a little nicer in his opinion. >>



    IMO, stacking is going to harm them more that taking them out if the assay.
    Again, it's just gold close to melt, he can do what he likes!
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • PerryHallPerryHall Posts: 46,140 ✭✭✭✭✭


    << <i>he prefers the natural look of them and stacking them look a little nicer in his opinion. >>



    Pure gold is very soft and stacking them and playing with them will scruff them up reducing their value to scrap gold.

    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

  • lcoopielcoopie Posts: 8,872 ✭✭✭✭✭
    then he should be buying nuggets
    LCoopie = Les
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