1 oz Engelhard goes for HOW much?
piecesofme
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To forgive is to free a prisoner, and to discover that prisoner was you.
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piecesofme
Posts: 6,669 ✭✭✭
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mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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
Whoda thunk?
I know of one other bar like this that was sold by an Australian collector to another collector via private sale for over $1300.
Whoda thunk?
Thes one on eBay sold for $862 so it sounds like someone over paid by a large margin. I guess this is to be expected when selling such an esoteric item.
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
I also corresponded with another bidder on that same bar and he was willing to only go as high as the mid $600, most likely for the same concerns over condition of the bar.
Does anyone want to call me a shill?
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
wow, thats a god awful lot of money for a bar. just saying.
Agree. That's a lot for such a small bar.
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
I was the underbidder and might have bid higher if I did not already have an example.
Does anyone want to call me a shill?
You know jumping to conclusions is a right of passage here
I think the price this went for was fair. If the $1300 piece is indeed pristine that price might be on point as well
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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All things are only worth what someone is willing to pay for them.
And I would not be willing to pay a 1/5 of what this bar went for for this bar, ever. $860 to $1300 for the same thing is crazy because of a ding...it's a freaking silver bar! No bar that is dingless (did I just make up a word?) is worth $400+ extra, that's just nuts.
To each his own.
All things are only worth what someone is willing to pay for them.
And I would not be willing to pay a 1/5 of what this bar went for for this bar, ever. $860 to $1300 for the same thing is crazy because of a ding...it's a freaking silver bar! No bar that is dingless (did I just make up a word?) is worth $400+ extra, that's just nuts.
To each his own.
It doesn't matter what you would pay actually nor does it mean the bar went for too much money. Price discovery is a wonderful thing
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
All things are only worth what someone is willing to pay for them.
And I would not be willing to pay a 1/5 of what this bar went for for this bar, ever. $860 to $1300 for the same thing is crazy because of a ding...it's a freaking silver bar! No bar that is dingless (did I just make up a word?) is worth $400+ extra, that's just nuts.
To each his own.
I have to agree with POM and we both like/appreciate old vintage bars.
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
Some levels of spending are hard to relate to, some are not.
All things are only worth what someone is willing to pay for them.
And I would not be willing to pay a 1/5 of what this bar went for for this bar, ever. $860 to $1300 for the same thing is crazy because of a ding...it's a freaking silver bar! No bar that is dingless (did I just make up a word?) is worth $400+ extra, that's just nuts.
To each his own.
It doesn't matter what you would pay actually nor does it mean the bar went for too much money. Price discovery is a wonderful thing
mark
It all depends how much the seller has into it for price discovery to be a wonderful thing. I think you may have overlooked my point.
A ding makes it worth $400+ less? We're talking a circulated silver bar here, not a cherry mint '50's vehicle.
Ok, but even if it was "cherry mint" would you have paid the $800?
Yes, my underbid was $852. If I had not been outbid in the last few seconds I would have won at $632 and would have been happy with the price.
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
Ok, but even if it was "cherry mint" would you have paid the $800?
Rather than argue about something that is very collectable that is completely subjective in its value, I'll just say, not in a million years. I'll respect your opinion on it as well, I'm just stating mine.
Really, this is no different than paying more for an MS64 vs MS65, or for a CC instead of an O mintmark on a coin.
semantics, but I get what you're saying. I just can't get pass a little ding in a circulated silver bar being a $400+ difference in value. And we are talking about a 1 oz bar here, not a 20, 10 or even 5 oz'er...a 1 oz bar.
Really, this is no different than paying more for an MS64 vs MS65, or for a CC instead of an O mintmark on a coin.
semantics, but I get what you're saying. I just can't get pass a little ding in a circulated silver bar being a $400+ difference in value. And we are talking about a 1 oz bar here, not a 20, 10 or even 5 oz'er...a 1 oz bar.
My guess is that because of the rarity, the bit of wear or damage isn't a deal breaker. The $400 isn't really an issue to people collecting these, they're probably asking themselves when will they see one for sale again. If they even see one, what if the condition is worse....or what if they never get the opportunity again.
Really, this is no different than paying more for an MS64 vs MS65, or for a CC instead of an O mintmark on a coin.
semantics, but I get what you're saying. I just can't get pass a little ding in a circulated silver bar being a $400+ difference in value. And we are talking about a 1 oz bar here, not a 20, 10 or even 5 oz'er...a 1 oz bar.
My guess is that because of the rarity, the bit of wear or damage isn't a deal breaker. The $400 isn't really an issue to people collecting these, they're probably asking themselves when will they see one for sale again. If they even see one, what if the condition is worse....or what if they never get the opportunity again.
This - spot on.
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
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Ok, but even if it was "cherry mint" would you have paid the $800?
Yes, my underbid was $852. If I had not been outbid in the last few seconds I would have won at $632 and would have been happy with the price.
$632 would be a steal for something this rare.
Like you, if I don't already have an example in my collection. I would have put in my bid up to $1000.
Really, this is no different than paying more for an MS64 vs MS65, or for a CC instead of an O mintmark on a coin.
semantics, but I get what you're saying. I just can't get pass a little ding in a circulated silver bar being a $400+ difference in value. And we are talking about a 1 oz bar here, not a 20, 10 or even 5 oz'er...a 1 oz bar.
My guess is that because of the rarity, the bit of wear or damage isn't a deal breaker. The $400 isn't really an issue to people collecting these, they're probably asking themselves when will they see one for sale again. If they even see one, what if the condition is worse....or what if they never get the opportunity again.
Very good point.