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

ajaan

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

PerryHall

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

1630Boston

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

OPA

@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.

ajaan

Perth Mint

derryb

APMEX is selling them for $880

OPA

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

ajaan

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

derryb

you paid too little

PerryHall

Sounds like you got a great deal.

MsMorrisine

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

1630Boston

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

VanHalen

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

Where did you acquire it?

ajaan

@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.

derryb

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.

ajaan

@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

OPA

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

derryb

@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:

derryb

@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.

derryb

Is this one fake?

OPA

@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.

derryb

@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.

ricko

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

metalmeister

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

ajaan

Did someone here buy the other one they had listed?

ajaan

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