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5 oz Engelhard goes for almost $1k

piecesofmepiecesofme Posts: 6,669 ✭✭✭
in Precious Metals

No serial number with a rough reverse and not that good of pics in the auction.
http://www.ebay.com/itm/Engelhard-5-oz-Silver-Bar-Less-Than-100-Made-/292087783237?ssPageName=STRK:MEBIDX:IT&nma=true&si=cbN0Klh%2FfwTgFiGm%2BFK1C70cRVQ%3D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557

Wonder if I should explore what mine would bring.


To forgive is to free a prisoner, and to discover that prisoner was you.

Comments

  • renman95renman95 Posts: 7,037 ✭✭✭✭✭

    Why? Is it overstruck? Registry item? Will it CAC?

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I did not realize the poured bar collector market was this competitive. Cheers, RickO

  • ashelandasheland Posts: 23,190 ✭✭✭✭✭

    Those scarce Engelhards have quite the following!

    My YouTube Channel

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭

    @renman95 said:
    Why? Is it overstruck? Registry item? Will it CAC?

    This IS the precious metals forum, not the US coin forum, right? lol

    To forgive is to free a prisoner, and to discover that prisoner was you.
  • johnny9434johnny9434 Posts: 28,334 ✭✭✭✭✭

    wow. people got money burn for sure. just saying

  • 1630Boston1630Boston Posts: 13,781 ✭✭✭✭✭

    I did not realize the premium paid for those bars :smile:

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

  • Banknotes122Banknotes122 Posts: 74 ✭✭✭

    Is the premium for Englehard bars even worth it?

    Successful transactions: Illini420, Bajjerfan, Coinfolio, Chadc13, Konsole, DM679864, Weiss and many more

  • 1630Boston1630Boston Posts: 13,781 ✭✭✭✭✭

    Apparently to some it is well worth it :smile:

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭

    Just as a reference, this bar...not this exact bar that sold on eBay, but the same style sold between $600-685 2 times just less than 6 months ago.
    When you searched "5 oz silver engelhard" on eBay a few months ago at least 25-30 bars would be being offered. Now, maybe 10. They are becoming harder and harder to find with the knowledge being put out there since the creation of allengelhard.com. People are realizing what they may have now. Simple supply and demand. This same bar could go for $2000 by the end of 2017. Laugh now, we'll check back then.

    To forgive is to free a prisoner, and to discover that prisoner was you.
  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    poured bar bubble.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭

    @derryb said:
    poured bar bubble.

    Who cares what it's called? It's real and it's happening without a doubt.

    To forgive is to free a prisoner, and to discover that prisoner was you.
  • cmanbbcmanbb Posts: 1,059 ✭✭✭✭✭
    edited April 25, 2017 4:33AM

    The demand is out pacing the supply. More and more collectors are seeing and appreciating these precious ingots for the scarcity, especially the tier 1 bars (<500 made)

  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,365 ✭✭✭✭✭

    I purchased two when I could This one cost me $300 in 2011. Perhaps I will place a higher value on it now.

    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
  • ashelandasheland Posts: 23,190 ✭✭✭✭✭

    I've got a 10 ounce that is scarce according to the allengelhard site. I just saw one similar (one variation off) sell on ebay for over $750. Perhaps I'm stubborn, but I'm holding mine as I like these bars too.

    My YouTube Channel

  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭

    Wow! Can you imagine what that 5 oz Engelhard bar would bring if it were in a Black First Generation NGC slab! :o

    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 ✭✭✭

    Wow OGIM, your bar is the best I've seen, great strike, all digits, letters pure no defects, and the burst to complete it, awesome bar...

    keceph `anah
  • 1630Boston1630Boston Posts: 13,781 ✭✭✭✭✭

    @rawteam1
    For my own knowledge, is the 'burst' the appearance of fireworks exploding from the center outward ? Probably. :smile:
    It does add interesting detail.

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,365 ✭✭✭✭✭
    edited April 25, 2017 12:38PM

    @1630Boston said:
    @rawteam1
    For my own knowledge, is the 'burst' the appearance of fireworks exploding from the center outward ? Probably. :smile:
    It does add interesting detail.

    1630Boston, I never heard the "burst" or "starburst" described that way but yours the best description for that look that I've heard.

    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
  • VanHalenVanHalen Posts: 3,992 ✭✭✭✭✭

    @derryb said:
    poured bar bubble.

    We should coin a new acronym: MOAB = Mother Of All Bubbles.

    Now back to your regularly scheduled Engelhard bar thread. B)

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