Home› Precious Metals

Amazing how 1 digit in a serial number adds $300+ in value

piecesofmepiecesofme Posts: 6,669 ✭✭✭
in Precious Metals
Blows my mind every time.
To forgive is to free a prisoner, and to discover that prisoner was you.

Comments

  • tneigtneig Posts: 1,505 ✭✭✭
    Not that may be the highest that will go for in the next 10 years.
    COA
  • rte592rte592 Posts: 2,161 ✭✭✭✭✭
    1. easy enough...

    What number are you looking for?



    image

  • PerryHallPerryHall Posts: 47,420 ✭✭✭✭✭
    I'm guessing the serial number added only a little to this bar's value. This bar is a better type with the bull's head logo and it's in good shape with attractive cooling lines. Very neat bar but not for me---I'll pay a reasonable premium over melt for a vintage bar but not more than three times melt for a bar that isn't that rare.

    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

  • DrBusterDrBuster Posts: 5,443 ✭✭✭✭✭
    What digit makes this anything special? I'm not seeing it.
  • PerryHallPerryHall Posts: 47,420 ✭✭✭✭✭
    Originally posted by: DrBuster

    What digit makes this anything special? I'm not seeing it.




    I believe POM is referring to the one at the beginning of the serial number. It's not worth any premium 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

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I would say the buyer is buried in that item for a long time.... Cheers, RickO
  • ashelandasheland Posts: 24,345 ✭✭✭✭✭
    Originally posted by: PerryHall
    I'm guessing the serial number added only a little to this bar's value. This bar is a better type with the bull's head logo and it's in good shape with attractive cooling lines. Very neat bar but not for me---I'll pay a reasonable premium over melt for a vintage bar but not more than three times melt for a bar that isn't that rare.


    image

    My YouTube Channel

  • cmanbbcmanbb Posts: 1,059 ✭✭✭✭✭
    Originally posted by: ricko
    I would say the buyer is buried in that item for a long time.... Cheers, RickO


    I disagree......13 bidders bid it to that level.
    The Engelhard collector community is alive and well, and very active with rarer bars. JMHO

  • NVUNVU Posts: 284 ✭✭✭
    Originally posted by: cmanbb
    Originally posted by: ricko
    I would say the buyer is buried in that item for a long time.... Cheers, RickO


    I disagree......13 bidders bid it to that level.
    The Engelhard collector community is alive and well, and very active with rarer bars. JMHO



    +1

    Same goes with 3oz top logo with (+) and without (+)...small variation but big difference in price, just sayin.....
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,536 ✭✭✭✭✭
    It is a common type of 10 oz poured bar. The extra digit is a curiosity but I wonder if the buyer can ever recover the premium.

    I checked my inventory and found I have the following bars with an extra "1" digit:

    1-203223
    1-203190
    1-203161
    246984-1

    When purchasing them I paid not much more than $5 per ounce over the then current spot prices during 2010-2013.

    Either my sense of pricing for these anomalous bars is obsolete or some bidders are a bit to exuberant.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163

    March of Time - 27 Centuries in Gold
    https://coins.www.collectors-society.com/WCM/CoinCustomSetView.aspx?s=36590
  • dolomitedolomite Posts: 92 ✭
    Originally posted by: OnlyGoldIsMoney
    It is a common type of 10 oz poured bar. The extra digit is a curiosity but I wonder if the buyer can ever recover the premium.

    I checked my inventory and found I have the following bars with an extra "1" digit:

    1-203223
    1-203190
    1-203161
    246984-1

    When purchasing them I paid not much more than $5 per ounce over the then current spot prices during 2010-2013.

    Either my sense of pricing for these anomalous bars is obsolete or some bidders are a bit to exuberant.


    Thx for the serial numbers OGIM... I've update the Definitive page as well as my registry. I hadn't had the 1.203xxx series listed under serial examples, only the 1.232xxx run.

    There are currently seven 1.203xxx ingots and six 1.232xxx series in the registry FWIW.
    “Be so good they can't ignore you.” — Jerry Dunn
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,536 ✭✭✭✭✭
    Originally posted by: dolomite
    Originally posted by: OnlyGoldIsMoney
    It is a common type of 10 oz poured bar. The extra digit is a curiosity but I wonder if the buyer can ever recover the premium.

    I checked my inventory and found I have the following bars with an extra "1" digit:

    1-203223
    1-203190
    1-203161
    246984-1

    When purchasing them I paid not much more than $5 per ounce over the then current spot prices during 2010-2013.

    Either my sense of pricing for these anomalous bars is obsolete or some bidders are a bit to exuberant.


    Thx for the serial numbers OGIM... I've update the Definitive page as well as my registry. I hadn't had the 1.203xxx series listed under serial examples, only the 1.232xxx run.

    There are currently seven 1.203xxx ingots and six 1.232xxx series in the registry FWIW.



    You're welcome, I will make it a point to send you all my serial numbers by ounce type to help fill out the registry.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163

    March of Time - 27 Centuries in Gold
    https://coins.www.collectors-society.com/WCM/CoinCustomSetView.aspx?s=36590
  • BAJJERFANBAJJERFAN Posts: 31,588 ✭✭✭✭✭
    Originally posted by: rte592

    1. easy enough...

    What number are you looking for?



    image





    Would readily show that a number was added, no?
    theknowitalltroll;
  • NVUNVU Posts: 284 ✭✭✭
    Here's another one brought for good premium on eBay recently.

    http://www.ebay.com/itm/Engelhard-10-oz-Silver-Bar-Canadian-2nd-Series-s-n-1-232251-Tier-1-beauty-/121999297786?_trksid=p2047675.l2557&ssPageName=STRK:MEBIDX:IT&nma=true&si=DhVYODtq5%2B6RXXIia5FnCYe0n7U%3D&orig_cvip=true&rt=nc
  • PeacePeoplePeacePeople Posts: 106 ✭✭
    I sold one of those 1. serial number bars back in Jan of 2016 for $1000...to be fair...silver was about $14/oz and I worked a 3 way trade...my buddy got the silver, I got the $1000 and somebody else got the E bar... So yes, people will pay for rarity, that would include serial number rarity, stamping variety rarity or any other rarity if they collect, don't have it and want it. That's kind of what collecting is about right, I don't have one, I want one of all the varieties and will pay to get it.
    Nevermind...
Sign In or Register to comment.