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Why are 1 oz Hauser Miller bars going for $70+/oz?

piecesofmepiecesofme Posts: 6,669 ✭✭✭
in Precious Metals
I came cross 2 of these at a lcs, bought them cheap and saw that they're going for as much as $83 on eBay. I listed both for $69 each and they were both bought within minutes of listing them....why? Anyone know?

I can't seem to find any info. on them, not even on the SAC site. It's odd that a "commercial" art bar would go for so much. I wish a had 100 of them lol.

Here's one of my auctions of them that went for $69 minutes after listing I guess I underpriced them lol.
To forgive is to free a prisoner, and to discover that prisoner was you.

Comments

  • BlackBeardBlackBeard Posts: 1,064 ✭
    I haven't seen those but I've wondered about the company though. I have a 100oz old pour Hauser Miller bar I've had for years and haven't seen another. I'll retrieve it and try to post a pic or two. May be scarce in all forms.

    The 100oz bar must have been slightly under weight at the time of making as on the back it looks like someone splattered droplets of silver on it to make it weigh out. Looks 100% original to the bar and they are somewhat sharp to the touch.

    I would be interested in knowing more about them as well.

    Edit to add: Looks like they are still around.

    Hauser Miller Website

    Previous threads here
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  • CaptHenwayCaptHenway Posts: 32,144 ✭✭✭✭✭
    Never heard of them. Had it walked in the store when I was still working, I would have paid spot and put it out as a common at the going rate.
    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.
  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭
    Since they are still being produced they should only be worth a modest premium over melt.

    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

  • rawteam1rawteam1 Posts: 2,472 ✭✭✭
    Lol, sometimes u just gotta stop asking cause it makes no sense, in this case most likely some bought em for sentimental reasons or gifts for people who worked there...
    keceph `anah
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Lol, sometimes u just gotta stop asking cause it makes no sense, in this case most likely some bought em for sentimental reasons or gifts for people who worked there...

    I could see that to some degree, but are the ex-employees buying these up to the point where they are setting the eBay value to them? Really? That seems to be a minor factor, but then again, I admittedly think too much on these things sometimes as I stand accused of, right Louie? image

    I'm happy to have gotten what I did for them because as the Capt says, I basically paid Spot for them. Wish the dealer at the show woulda had more.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • rawteam1rawteam1 Posts: 2,472 ✭✭✭
    The next time u buy a boatload of them, none will sell, or u will net less than spot, that's when reality will hit... Lol ...
    keceph `anah
  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭
    Nice-looking bar, but that's the limit of my expertise.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    You'd easily get $70 for it now on eBay WRM...just sumfin to think about image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • rawteam1rawteam1 Posts: 2,472 ✭✭✭


    << <i>You'd easily get $70 for it now on eBay WRM...just sumfin to think about image >>


    his would net less than spot...
    keceph `anah
  • BlackBeardBlackBeard Posts: 1,064 ✭
    Here's an old 100oz bar. The back has silver splattered on it to make it weigh out. It's a short, about 2" thick bar.

    image

    image
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  • rawteam1rawteam1 Posts: 2,472 ✭✭✭
    thats a cool bar...
    keceph `anah
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    That's a sweeet bar BlackBeard! Thanks for posting it.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • BlackBeardBlackBeard Posts: 1,064 ✭
    Thanks RT1 and POM. At one time I looked into grabbing one of those nice looking 1oz bars to go with it but the premiums were way too high. I'll have to try and catch an underpriced BIN.
    Witty sig line currently under construction. Thank you for your patience.
  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>

    << <i>You'd easily get $70 for it now on eBay WRM...just sumfin to think about image >>


    his would net less than spot... >>



    I don't know how you arrived at that conclusion, unless spot is over $55 per oz.

    eBay fees: 6% less 20% of FVF
    PayPal fee: 3%

    Seller will net around $60
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>You'd easily get $70 for it now on eBay WRM...just sumfin to think about image >>


    his would net less than spot... >>



    I don't know how you arrived at that conclusion, unless spot is over $55 per oz.

    eBay fees: 6% less 20% of FVF
    PayPal fee: 3%

    Seller will net around $60 >>



    Got to factor in the long-term tax owed on the profit, plus the "opportunity cost" in having the capital tied up in that bar for "~40 years" image

    Liberty: Parent of Science & Industry

  • BlackBeardBlackBeard Posts: 1,064 ✭
    Company branded one sells well. $83.50

    Hauser Miller Bar on eBay
    Witty sig line currently under construction. Thank you for your patience.
  • TownesTownes Posts: 9 ✭
    Wow, this Forum (or Pieces of me) must be good luck. Lo & Behold, at my LCS today sitting in a $2 over box amongst a slew on Engels, was a lone very BU Hauser & Miller 1oz. Having never encountered one, I would have never known what I was looking at if I hadn't logged in yesterday to finally check out CU...

    Yep, a Good Omen Indeed image. I'll try to post a pic if I can figure it out.
    In the land of the blind, the one-eyed man is king.
  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭
    Cool pick up. Sounds like you got a good deal.image

    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

  • silversirensilversiren Posts: 70 ✭✭✭

    @BlackBeard said:
    Here's an old 100oz bar. The back has silver splattered on it to make it weigh out. It's a short, about 2" thick bar.

    I know this is years after the fact, but photobucket won't let me see the photos you posted of the 100oz H&M bar, if you can, please repost them, thanks!

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    @silversiren said:

    @BlackBeard said:
    Here's an old 100oz bar. The back has silver splattered on it to make it weigh out. It's a short, about 2" thick bar.

    I know this is years after the fact, but photobucket won't let me see the photos you posted of the 100oz H&M bar, if you can, please repost them, thanks!

    Photo bucket will no longer allow pictures to be exported, unless you pay their exorbitant annual fee.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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