Engelhard 2 ounce silver poured bar on Ebay - For sale again

OnlyGoldIsMoney · February 22, 2015 4:52AM

These don't show up often. 3 known and this one is for sale. At $3,000 now but reserve not met. Let's see if this one sells.

Engelhard 2 oz silver poured bar

Timbuk3 · February 22, 2015 4:59AM

I have a few that I bought many years
ago for spot. I never knew they were
worth that kind of money. Crazy !!!

OnlyGoldIsMoney · February 22, 2015 5:03AM

<< I have a few that I bought many years
ago for spot. I never knew they were
worth that kind of money. Crazy !!! >>

If you have any 2 ounce silver poured bars you could probably make a nice profit. Got any photos handy?

PerryHall · February 22, 2015 5:36AM

Not for me. I'd rather buy a dozen 10 oz Engelhard bars and at least get some silver. YMMV

Justacommeman · February 22, 2015 5:41AM

<< 

<< I have a few that I bought many years
ago for spot. I never knew they were
worth that kind of money. Crazy !!! >>

If you have any 2 ounce silver poured bars you could probably make a nice profit. Got any photos handy? >>

I would love to see as well as only three are known to exist!

Mark

Justacommeman · February 22, 2015 5:45AM

<< Not for me. I'd rather buy a dozen 10 oz Engelhard bars and at least get some silver. YMMV >>

For sure these don't count towards one stack and these have zero to do with the price of silver which I why I like them. These have as about as much to do with the price of silver as a 1840 gem mint half dollar would. Zero correlation to the price of silver. They are highly collectable and just like rare coins are not fungible.

Mark

piecesofme · February 22, 2015 9:59AM

They are highly collectable and just like rare coins are not fungible.

Nothing to do with stacking, everything to do with collecting the best of the best.

What's up with all the bids from a person with 0 feedback though

Baley · February 22, 2015 10:05AM

<< 

<< I have a few that I bought many years
ago for spot. I never knew they were
worth that kind of money. Crazy !!! >>

If you have any 2 ounce silver poured bars you could probably make a nice profit. Got any photos handy? >>

I have thousands of these put away, but unfortunately no photos

Pokermandude · February 22, 2015 10:39AM

<< They are highly collectable and just like rare coins are not fungible.

Nothing to do with stacking, everything to do with collecting the best of the best.

What's up with all the bids from a person with 0 feedback though

>>

My guess would be an alternate account of someone trying to discover what the reserve price is set at, without actually having to pay for it should they find it/win.

Proofmorgan · February 22, 2015 11:27AM

Or the seller using another account to bump the bid count in order to bring more attention to the item....

OnlyGoldIsMoney · February 22, 2015 11:41AM

The 0 feedback bidder has not been a factor since $1,700. A number of other bidders pushed the item up to $3,000.

Barring a stash of these 2 oz Engelhard silver bars turning up

- I consider the current bid to be a realistic value for these pieces.

Meltdown · February 22, 2015 1:34PM

An interesting auction to watch, thanks! I sure like my little 3oz Engelhard bar a lot better!

PerryHall · February 22, 2015 5:43PM

<< An interesting auction to watch, thanks! I sure like my little 3oz Engelhard bar a lot better! >>

It should be worth 50% more than the 2 oz bar.

PerryHall · February 22, 2015 5:44PM

<< They are highly collectable and just like rare coins are not fungible.

Nothing to do with stacking, everything to do with collecting the best of the best.

What's up with all the bids from a person with 0 feedback though

>>

Looks like a shill bidder.

SilverBaron · February 22, 2015 10:00PM

rawteam1 · February 23, 2015 12:37AM

The reserve will come back to bite him...
You can't be afraid of the market... It is what it is when you sell...

Edit to add : it is what it is when you are trying to buy also...

OnlyGoldIsMoney · February 23, 2015 1:16AM

<< I do have 1 of these ........ in deep storage, so no pixs.

This seller has been selling some VERY RARE Engelhard bars lately.

I have only seen 5 or 6 of these over the years.....

and if you notice ..... this is bar 1 of the 3 bars pixed on the AllEngelhard site.

Luv when 1 of these super rare bars is auctioned. Gives a guide to real value.

Keep on Stack'n!! >>

And then there were 4.

SB, I am glad to hear you have a 2 oz poured Engelhard silver.

I am curious about the serial number range. Does the serial number of your example fall within the range covered by the other 3 known pieces?

SilverBaron · February 23, 2015 1:51AM

asheland · February 23, 2015 4:10AM

Cool!

LukeMarshall · February 23, 2015 8:11AM

C'mon Friday....

seebelow · February 23, 2015 8:52AM

Very interesting. So what makes them so collectable? I know, there are only three. But what I mean is what is the history, why only 3? Why did they stop, ex..did they make them as a special order, a mistake, some kind of error by production etc? Vs the 10 oz which some say are as common as dirt.

With these I'm a complete newbie but would very much appreciate a little 10 cent primer on these engelhard collectable bars.

To make it simple, any recommended sites?

Thanks for any info.

PerryHall · February 23, 2015 9:15AM

With a serial number of 353059 I doubt that there are only three in existence.

Justacommeman · February 23, 2015 9:17AM

Seebelow start here...................MJ

Justacommeman · February 23, 2015 9:20AM

<< With a serial number of 353059 I doubt that there are only three in existence. >>

Probably more then 3. Not many more. Don't let the serial number fool you.

On the 2 ounce ingot------The high serial number is misleading, given the rarity of this ingot. Many, but not all, Engelhard serial numbers have a two digit prefix which we speculate is indicative of production run. It is believed this serial number range was shared with Canadian ingots in 20oz, Kilo and 50z weight class........................M

seebelow · February 23, 2015 11:24AM

Justcommeman, thanks...fascinating to me for some reason. I appreciate the link.

I think I've just entered another expensive subhobby. Ugh.

So any idea how much the montage of "one" single bar jawbone for? I'm new to the hobby so..$50k,..$100k? On the collectors market
The octagon sheet with a population of one is really cool. I'm sure the history is an interesting one.

Justacommeman · February 23, 2015 3:02PM

Seebelow here is the full Engelhard site. MJ

seebelow · February 23, 2015 9:55PM

Justcommem...Perfect! Thanks. In depth and informative to those that don't know the history.

To all...ESP interesting was the Counterfeit registry. Scary how spot on they are. Take a look at the pics. I'm sure old hat to most here but deserves a look.

Thanks again for your effort. Now I've got mixed emotions about entering the fray..cool bars but perfect counterfeits (to my eye).

rawteam1 · February 24, 2015 2:14AM

That bar is "rariest", lol
Should sold at 3k...
Now will get under 3k if actually sold outside the bay...

Justacommeman · February 24, 2015 2:42AM

<< That bar is "rariest", lol
Should sold at 3k...
Now will get under 3k if actually sold outside the bay... >>

Wrong. I would pay 3K for it. I just won't do EBAY

M

rawteam1 · February 24, 2015 2:47AM

Then he should contact you asap ...

Justacommeman · February 24, 2015 2:59AM

<< Then he should contact you asap ... >>

Operators standing by

MJ

SilverBaron · February 24, 2015 3:21AM

Pokermandude · February 24, 2015 3:43AM

It's worth whatever someone is willing to pay for it. Same as any collectible. Some fancy date/mintmark/variety could have a premium of 1000x of a "regular" coin of the same type, or even date... to certain people.

Justacommeman · February 25, 2015 5:03AM

Well it's at $4600+ with the reserve not met yet.

MJ

PerryHall · February 25, 2015 5:12AM

SilverBaron · February 25, 2015 5:51AM

piecesofme · February 25, 2015 6:09AM

" test the waters to see where it goes " listing?

Being it's beyond 50% more than what most in the know collectors would pay for it, it's being pumped up I think.

If this one doesn't sell, watch another one come out of the woodwork and then that seller can refer to this one and say, "look, this other one didn't even sell for $XXXX?, but i'll let you have mine for $XXXX"

Justacommeman · February 25, 2015 6:13AM

<< " test the waters to see where it goes " listing?

Being it's beyond 50% more than what most in the know collectors would pay for it, it's being pumped up I think.

If this one doesn't sell, watch another one come out of the woodwork and then that seller can refer to this one and say, "look, this other one didn't even sell for $XXXX?, but i'll let you have mine for $XXXX" >>

I don't do EBAY but my $3000 stands firm.

MJ

bluelobster · February 25, 2015 6:21AM

The thing with these bars that I'm sure has been an issue before, say the fine old geezer who collects these rare bars, goes to meet his maker, without very specific instructions and the wife or kids go to sell it.... 99 out 100 times no one has any idea these things are worth anything over melt. These are only known as collectibles to a very small population. That would be enough to give me pause, even if I thought they were worth it.

PerryHall · February 25, 2015 6:58AM

<< The thing with these bars that I'm sure has been an issue before, say the fine old geezer who collects these rare bars, goes to meet his maker, without very specific instructions and the wife or kids go to sell it.... 99 out 100 times no one has any idea these things are worth anything over melt. These are only known as collectibles to a very small population. That would be enough to give me pause, even if I thought they were worth it. >>

Very good point. Most coin shops will not pay much more than melt for any silver bar. Esoteric bars and coins need to be sold by auction to realize their full potential.

Justacommeman · February 25, 2015 9:09AM

<< 

<< The thing with these bars that I'm sure has been an issue before, say the fine old geezer who collects these rare bars, goes to meet his maker, without very specific instructions and the wife or kids go to sell it.... 99 out 100 times no one has any idea these things are worth anything over melt. These are only known as collectibles to a very small population. That would be enough to give me pause, even if I thought they were worth it. >>

Very good point. Most coin shops will not pay much more than melt for any silver bar. Esoteric bars and coins need to be sold by auction to realize their full potential. >>

I've never bought one at any auction and would never sell anything to a coin shop outside of melt.

I've bought all of mine via private treaty or at coin shows.

Mark

NVU · February 25, 2015 9:14AM

I was going to bid around 3K on this piece, now it's 5K+ and still haven't met reserve....Wow....too rich for my blood

OnlyGoldIsMoney · February 25, 2015 10:56AM

Bidding is over $5,000 BUT the piece has still not hit reserve. You have to wonder if it is really for sale.

I agree with Mark in that I believe these pieces are fairly priced at $3,000. I will change that opinion if this example really sells for $5,000+.

seebelow · February 25, 2015 12:16PM

Anyone know what and when the last one went for?
Not much room left for any profit at 5-6k for an investor. But what do I know..I didn't think the reserve would be any where near 5k.
This one sounds a bit strange.

Justacommeman · February 25, 2015 12:32PM

<< Anyone know what and when the last one went for?
Not much room left for any profit at 5-6k for an investor. But what do I know..I didn't think the reserve would be any where near 5k.
This one sounds a bit strange. >>

That's just it, I don't know of any that have exchanged hands.

M

Barndog · February 25, 2015 1:12PM

could just be someone testing the market and has an incredibly high reserve. Sooner or later, someone will bid an insane amount, see the reserve by doing so, and then say "bid in error" and retract the bid. Been done before, will be done again. Common practice, in fact.

CaptHenway · February 25, 2015 10:24PM

This thread made me decide to relist my two 10 oz. Englehard gold bars over on BST, but at somewhat less than 130 times melt!

NVU · February 25, 2015 11:17PM

There's a few bidders at 5K+ level, so it is safe this bar could brought at least that much at the auction. I personally would not think this bar worth that much, but I guess there are others want this bar much more than I do....still more than a day left, let's see how high it goes...

rawteam1 · February 26, 2015 12:22AM

<< This thread made me decide to relist my two 10 oz. Englehard gold bars over on BST, but at somewhat less than 130 times melt! >>

Very nice bars Capt... The lower the melt value the higher the premium, interesting how it works...lol

johnny9434 · February 26, 2015 4:27AM

<< Not for me. I'd rather buy a dozen 10 oz Engelhard bars and at least get some silver. YMMV >>

same here

NVU · February 26, 2015 5:26AM

<< 

<< Not for me. I'd rather buy a dozen 10 oz Engelhard bars and at least get some silver. YMMV >>

same here >>

I prefer otherwise
Different strokes for different folks....

Engelhard 2 ounce silver poured bar on Ebay - For sale again

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