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Is this Engelhard worth much?

MorganMan94MorganMan94 Posts: 1,330 ✭✭✭✭✭
Hello everyone,



So I collect a bit of bullion here and there, normally generic and as close to spot as I can find it. I recently ran across this Engelhard and have seen some sell for pretty good prices, and this one is reasonable compared to most I have seen. What kind of premium would this carry over spot? Is there anything of value in the repeating serial number? I just want to make sure if I am paying a premium over spot that when I go to sell it I will recover that premium.



I cannot figure out how to upload photos here, here is a link to a photo I uploaded.

https://collectivecoin.com/MMi...8/zWGZOeVb4wqWvFW07vFP





Thanks!

Comments

  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭
    That's a very common type of bar and it only carries a very modest premium over melt. There was a problem with this style of Engelhard bar where scammers drilled several holes in the ends of these bars to remove silver. The holes were then filled with a lead alloy to hide the theft of silver from the bar. For this reason many people avoid this style of bar. Check the web site allengelhard.com which has a wealth of information on Engelhard and other major brands of vintage silver and gold bars including estimates of the survival numbers of the various bar styles and types.

    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

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Not being mean but it's probably the worst E-hard bar out there with reagrds to any kind of premium. I stay away from 100 oz'ers. Sorry of it'snot what you wanted to hear, just being real about it.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Worth it's weight in Silver like all the rest. Smart $$ stacks in volume ounces low if any premiums.
    Avid collector of GSA's.
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,365 ✭✭✭✭✭
    Some Engelhard poured 100 oz ingots command a collector premium on ebay. Its usually just a few dollars per ounce over melt as the price of admission discourages most from collecting 100's by type.

    Of the stamped types the "Big E" examples are uncommon and command a premium.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Originally posted by: OnlyGoldIsMoney

    Some Engelhard poured 100 oz ingots command a collector premium on ebay. Its usually just a few dollars per ounce over melt as the price of admission discourages most from collecting 100's by type.



    Of the stamped types the "Big E" examples are uncommon and command a premium.




    Or people being smart enough to not wrap up what some may consider a large amount of money into just one thing. I'd rather have 100 1 oz'ers, or even 20 5 oz'ers, because if I'm in a cash crunch it's far more easier to sell only the amount needed in cash vs. 1 large thing that the average person doesn't want, or as you say, can't afford.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • cohodkcohodk Posts: 19,127 ✭✭✭✭✭
    Originally posted by: piecesofme
    Originally posted by: OnlyGoldIsMoney
    Some Engelhard poured 100 oz ingots command a collector premium on ebay. Its usually just a few dollars per ounce over melt as the price of admission discourages most from collecting 100's by type.

    Of the stamped types the "Big E" examples are uncommon and command a premium.


    Or people being smart enough to not wrap up what some may consider a large amount of money into just one thing. I'd rather have 100 1 oz'ers, or even 20 5 oz'ers, because if I'm in a cash crunch it's far more easier to sell only the amount needed in cash vs. 1 large thing that the average person doesn't want, or as you say, can't afford.



    $2000 is a large amount of money?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭
    Originally posted by: cohodk

    Originally posted by: piecesofme

    Originally posted by: OnlyGoldIsMoney

    Some Engelhard poured 100 oz ingots command a collector premium on ebay. Its usually just a few dollars per ounce over melt as the price of admission discourages most from collecting 100's by type.



    Of the stamped types the "Big E" examples are uncommon and command a premium.




    Or people being smart enough to not wrap up what some may consider a large amount of money into just one thing. I'd rather have 100 1 oz'ers, or even 20 5 oz'ers, because if I'm in a cash crunch it's far more easier to sell only the amount needed in cash vs. 1 large thing that the average person doesn't want, or as you say, can't afford.






    $2000 is a large amount of money?





    Not to me but to many it is a lot of money. When I was much younger making mortgage payments and raising a family it was a lot of money.

    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

  • cohodkcohodk Posts: 19,127 ✭✭✭✭✭
    Originally posted by: PerryHall
    Originally posted by: cohodk
    Originally posted by: piecesofme
    Originally posted by: OnlyGoldIsMoney
    Some Engelhard poured 100 oz ingots command a collector premium on ebay. Its usually just a few dollars per ounce over melt as the price of admission discourages most from collecting 100's by type.

    Of the stamped types the "Big E" examples are uncommon and command a premium.


    Or people being smart enough to not wrap up what some may consider a large amount of money into just one thing. I'd rather have 100 1 oz'ers, or even 20 5 oz'ers, because if I'm in a cash crunch it's far more easier to sell only the amount needed in cash vs. 1 large thing that the average person doesn't want, or as you say, can't afford.



    $2000 is a large amount of money?




    Not to me but to many it is a lot of money. When I was much younger making mortgage payments and raising a family it was a lot of money.



    Point is if 2000 is a lot of money to someone they should not be buying PMs.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭
    Originally posted by: cohodk

    Originally posted by: PerryHall

    Originally posted by: cohodk

    Originally posted by: piecesofme

    Originally posted by: OnlyGoldIsMoney

    Some Engelhard poured 100 oz ingots command a collector premium on ebay. Its usually just a few dollars per ounce over melt as the price of admission discourages most from collecting 100's by type.



    Of the stamped types the "Big E" examples are uncommon and command a premium.




    Or people being smart enough to not wrap up what some may consider a large amount of money into just one thing. I'd rather have 100 1 oz'ers, or even 20 5 oz'ers, because if I'm in a cash crunch it's far more easier to sell only the amount needed in cash vs. 1 large thing that the average person doesn't want, or as you say, can't afford.






    $2000 is a large amount of money?





    Huh? That makes no sense. Even people with modest incomes can buy PM's. A couple of ASE's purchased every now and then can add up over a period of a few years. PM's are a long term investment after all.



    Not to me but to many it is a lot of money. When I was much younger making mortgage payments and raising a family it was a lot of money.






    Point is if 2000 is a lot of money to someone they should not be buying PMs.







    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

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Seems you guys are saying the same thing: if $2000 is a lot of money to someone, they probably should not be buying $2000 PM items.



    But maybe they can buy a $2 or $20 or $200 PM Item? There's a useless silver fetish totem item for every budget! image

    Liberty: Parent of Science & Industry

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Originally posted by: Baley

    Seems you guys are saying the same thing: if $2000 is a lot of money to someone, they probably should not be buying $2000 PM items.



    But maybe they can buy a $2 or $20 or $200 PM Item? There's a useless silver fetish totem item for every budget! image




    THIS^^^

    Some people just don't get it, and never will which is a big part of the problem why the country is the way it is...but that's a whole different subject. Let's not go there, I already have to take BP meds.

    Besides that, the ENTIRE point I made was missed except for Baley.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • cohodkcohodk Posts: 19,127 ✭✭✭✭✭
    Originally posted by: Baley
    Seems you guys are saying the same thing: if $2000 is a lot of money to someone, they probably should not be buying $2000 PM items.

    But maybe they can buy a $2 or $20 or $200 PM Item? There's a useless silver fetish totem item for every budget! image



    If all one had is 2000 to buy PMs them they shouldn't waste their money on paying premium. Get as many ounces as p9ss8ble.

    That's the point.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Well, maybe the point for a different individual is that, while they want some "ounces", they also want it to be pretty to look at, or interesting to feel, or neat to own and contemplate and maybe have the item(s) possess some historical or collector attributes, while they wait for it to fluctuate in value up and down, up and down during their holding period between the buy and the sell. Maybe the "premium" over melt value is for the joy of ownership, aka the numismatic value..



    and that's why most of us said, "sorry, boring bar, very little premium" to the OP

    Liberty: Parent of Science & Industry

  • cmanbbcmanbb Posts: 1,059 ✭✭✭✭✭
    Originally posted by: piecesofme
    Originally posted by: OnlyGoldIsMoney
    Some Engelhard poured 100 oz ingots command a collector premium on ebay. Its usually just a few dollars per ounce over melt as the price of admission discourages most from collecting 100's by type.

    Of the stamped types the "Big E" examples are uncommon and command a premium.


    Or people being smart enough to not wrap up what some may consider a large amount of money into just one thing. I'd rather have 100 1 oz'ers, or even 20 5 oz'ers, because if I'm in a cash crunch it's far more easier to sell only the amount needed in cash vs. 1 large thing that the average person doesn't want, or as you say, can't afford.




    +1
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    This use to be a PM forum for stackers. Confusing PM's & collectables seems to be the norm last few years.

    PM's always have a MARKET Price= you can always find

    Collectables have a DEMAND price = price paid is the Market/eBay for example
    Avid collector of GSA's.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Originally posted by: gsa1fan

    This use to be a PM forum for stackers. Confusing PM's & collectables seems to be the norm last few years.



    PM's always have a MARKET Price= you can always find



    Collectables have a DEMAND price = price paid is the Market/eBay for example




    Good point and a good reminder.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    The "official" CU description of this forum:



    Precious Metals

    This is forum for the discussion of precious metals and how that relates to coin collecting.

    Liberty: Parent of Science & Industry

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Originally posted by: Baley

    The "official" CU description of this forum:



    Precious Metals

    This is forum for the discussion of precious metals and how that relates to coin collecting.




    Ahh, no wonder the discussion has fallen off the cliff here with that literal definition taking hold. lol
    To forgive is to free a prisoner, and to discover that prisoner was you.
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