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Value of a gold bar? Update in post of 9/7

ajaanajaan Posts: 18,027 ✭✭✭✭✭
edited September 7, 2017 2:58PM in Precious Metals

With gold spot at $1325/oz, how much is a 20 gram .9999 gold bar worth? TIA.


DPOTD-3
'Emancipate yourselves from mental slavery'

CU #3245 B.N.A. #428


Don

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    PerryHallPerryHall Posts: 47,812 ✭✭✭✭✭

    20 grams = 0.643 Troy ounces
    $1325 X 0.643 = $851.98

    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

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    1630Boston1630Boston Posts: 14,157 ✭✭✭✭✭

    I have no idea but I believe 20g = 0.64 oz troy :smile:

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

    Bad transactions with : nobody to date

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    OPAOPA Posts: 17,171 ✭✭✭✭✭

    @ajaan said:
    With gold spot at $1325/oz, how much is a 20 gram .9999 gold bar worth? TIA.

    It all depends who the manufacturer is. Bullion wise, it's worth approx $850.00. Some bars or rounds, have a premium over spot.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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    ajaanajaan Posts: 18,027 ✭✭✭✭✭

    Perth Mint


    DPOTD-3
    'Emancipate yourselves from mental slavery'

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    Don
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    derrybderryb Posts: 38,628 ✭✭✭✭✭

    APMEX is selling them for $880

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    OPAOPA Posts: 17,171 ✭✭✭✭✭

    If it's like the one listed
    below. APMEX Buy Price: $858.17
    http://www.apmex.com/product/57161/20-gram-gold-bar-perth-mint-in-assay

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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    ajaanajaan Posts: 18,027 ✭✭✭✭✭

    Yes, like shown. I bought one for $857 and was wondering if I paid too much. Thanks.


    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
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    derrybderryb Posts: 38,628 ✭✭✭✭✭

    you paid too little

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    PerryHallPerryHall Posts: 47,812 ✭✭✭✭✭

    Sounds like you got a great deal. :)

    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

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    MsMorrisineMsMorrisine Posts: 40,230 ✭✭✭✭✭

    1325 ($/toz) / 31.1 (g/toz) * 20 (g) = $852.09

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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    1630Boston1630Boston Posts: 14,157 ✭✭✭✭✭

    You only paid too much..................if you do not like it :smile:

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

    Bad transactions with : nobody to date

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    VanHalenVanHalen Posts: 4,330 ✭✭✭✭✭

    @ajaan said:
    Yes, like shown. I bought one for $857 and was wondering if I paid too much. Thanks.

    Where did you acquire it?

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    ajaanajaan Posts: 18,027 ✭✭✭✭✭

    @VanHalen said:

    @ajaan said:
    Yes, like shown. I bought one for $857 and was wondering if I paid too much. Thanks.

    Where did you acquire it?

    BIN eBay.


    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
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    derrybderryb Posts: 38,628 ✭✭✭✭✭
    edited September 1, 2017 11:39PM

    There are known Chinese counterfeits on ebay.

    Perth Mint offers some tips on spotting the fakes

    "In comparison to this representation of a genuine Kangaroo Minted Gold Bar in black card, the fake features several obvious discrepancies:

    • The fake black card omits our black swan ‘water mark’ logo on the front (on the card itself).
    • The fake product is encased in an inelegant plastic sleeve featuring crimped edges.
    • The fake black card features the words “CertiCard® SECURITY CASE” instead of “The Perth Mint tamper-evident case”.
    • The letter ‘B’ is omitted from the six-digit bar number on the back of the black card."

    FAKE:

    GENUINE:

    Let us know if yours passes the test. If not, provide a link to the listing/seller. I strongly recommend the Sigma Precious Metal Verifier for anyone purchasing bullion from unknown sources, especially ebay sellers.

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    ajaanajaan Posts: 18,027 ✭✭✭✭✭

    @derryb said:
    There are known Chinese counterfeits on ebay.

    Perth Mint offers some tips on spotting the fakes

    "In comparison to this representation of a genuine Kangaroo Minted Gold Bar in black card, the fake features several obvious discrepancies:

    • The fake black card omits our black swan ‘water mark’ logo on the front (on the card itself).
    • The fake product is encased in an inelegant plastic sleeve featuring crimped edges.
    • The fake black card features the words “CertiCard® SECURITY CASE” instead of “The Perth Mint tamper-evident case”.
    • The letter ‘B’ is omitted from the six-digit bar number on the back of the black card."

    FAKE:

    GENUINE:

    Let us know if yours passes the test. If not, provide a link to the listing/seller. I strongly recommend the Sigma Precious Metal Verifier for anyone purchasing bullion from unknown sources, especially ebay sellers.

    Thanks for the information. Here is the auction:

    ebay.com/itm/20-gram-Perth-Mint-99-99-gold-bar-in-sealed-Assay-packet-Free-Shipping/222618163240?ssPageName=STRK%3AMEBIDX%3AIT&_trksid=p2057872.m2749.l2649


    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
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    OPAOPA Posts: 17,171 ✭✭✭✭✭
    edited September 2, 2017 6:40AM

    They appear to be genuine. Seller is still offering them at your original purchase price of $857, good deal with a 30 day return policy.

    However, another seller maybe peddling Fakes:
    http://www.ebay.com/itm/2-x-10-gram-Pure-99-99-Gold-Bar-Perth-Mint-Assay-CertiCard-Security-Case/172839385233?_trkparms=aid=222007&algo=SIM.MBE&ao=1&asc=41375&meid=23ff1d27dc3e4332afc8580d7cce5b0e&pid=100011&rk=6&rkt=12&sd=222618163240&_trksid=p2047675.c100011.m1850

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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    derrybderryb Posts: 38,628 ✭✭✭✭✭
    edited September 2, 2017 7:12AM

    @OPA said:
    They appear to be genuine. Seller is still offering them at your original purchase price of $857, good deal with a 30 day return policy.

    However, another seller maybe peddling Fakes:
    http://www.ebay.com/itm/2-x-10-gram-Pure-99-99-Gold-Bar-Perth-Mint-Assay-CertiCard-Security-Case/172839385233?_trkparms=aid=222007&algo=SIM.MBE&ao=1&asc=41375&meid=23ff1d27dc3e4332afc8580d7cce5b0e&pid=100011&rk=6&rkt=12&sd=222618163240&_trksid=p2047675.c100011.m1850

    Different diagnostics for the earlier green card Pert gold bars. OPA's seller above does appear to have fake bars.

    Perth Mint gold bars [2.5, 5, 10, 20, 1 oz.] in green assay CERTICARD security case are counterfeit if the serial number starts with the letter "A." Perth Mint gold bars [2.5, 5, 10, 20, 1 oz.] in green assay CERTICARD security case are counterfeit if the letter spacing on "SECURITY" on front of assay card is not uniform:

    FAKE:

    AUTHENTIC:

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    derrybderryb Posts: 38,628 ✭✭✭✭✭
    edited September 2, 2017 7:54AM

    @ajaan said:

    Thanks for the information. Here is the auction:

    ebay.com/itm/20-gram-Perth-Mint-99-99-gold-bar-in-sealed-Assay-packet-Free-Shipping/222618163240?ssPageName=STRK%3AMEBIDX%3AIT&_trksid=p2057872.m2749.l2649

    While your seller is showing what appears to be authentic Perth bars, make sure that what you receive is authentic using the earlier posted diagnostics.

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    derrybderryb Posts: 38,628 ✭✭✭✭✭
    edited September 2, 2017 7:45AM

    Is this one fake?

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    OPAOPA Posts: 17,171 ✭✭✭✭✭

    @derryb said:

    @ajaan said:

    Thanks for the information. Here is the auction:

    ebay.com/itm/20-gram-Perth-Mint-99-99-gold-bar-in-sealed-Assay-packet-Free-Shipping/222618163240?ssPageName=STRK%3AMEBIDX%3AIT&_trksid=p2057872.m2749.l2649

    While your seller is showing what appears to be authentic Perth bars, make sure that what you receive is authentic using the earlier posted diagnostics. His "0" feedback is a warning sign.

    Not the same seller...0 f.b. seller is someone else.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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    derrybderryb Posts: 38,628 ✭✭✭✭✭

    @OPA said:

    Not the same seller...0 f.b. seller is someone else.

    My bad, OP's seller does not have zero feedback, OPA's linked seller did. Thanks OPA, my earlier post edited.

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    rickoricko Posts: 98,724 ✭✭✭✭✭

    Good information here for gold bar buyers.... Thanks...Cheers, RickO

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    metalmeistermetalmeister Posts: 4,633 ✭✭✭✭✭

    China is ruining the coin hobby AND bullion market. Trump, PCGS go get em'.

    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
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    ajaanajaan Posts: 18,027 ✭✭✭✭✭

    Did someone here buy the other one they had listed?


    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
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    ajaanajaan Posts: 18,027 ✭✭✭✭✭
    edited September 7, 2017 3:00PM

    Received the bar today. Using the diagnostics derryb provided it appears to be real.



    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
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