Odd shaped Engelhard

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JohnnyCache
JohnnyCache Posts: 1,920 ✭✭✭✭✭
in Precious Metals

I've never seen this type of bar before. What about you guys?

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  • PerryHall
    PerryHall Posts: 47,760 ✭✭✭✭✭
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    Where's the weight and fineness shown on this bar? Looks like it was drilled and plugged on the back. Also there is an area on the front that appears to have been burnished or smoothed. I don't trust this bar. Pass.

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  • JohnnyCache
    JohnnyCache Posts: 1,920 ✭✭✭✭✭
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    I agree on the pass, but beyond that, it's just really odd looking.

  • ShadyDave
    ShadyDave Posts: 2,218 ✭✭✭✭✭
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    Someone on the us coin forum posted it in one of the coin shoe threads a few days ago. Never seen one before, so must be that user selling it on eBay.

  • MsMorrisine
    MsMorrisine Posts: 40,088 ✭✭✭✭✭
    edited March 7, 2017 8:48PM
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    edited out

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  • PerryHall
    PerryHall Posts: 47,760 ✭✭✭✭✭
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    I don't see it listed on allengelhard.com which is the standard reference for Engelhard and other major manufacturers which raises another red flag. Are we sure it's silver rather than some other white metal?

    Worry is the interest you pay on a debt you may not owe.
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    "Everything you say should be true, but not everything true should be said."----Voltaire

  • cmanbb
    cmanbb Posts: 1,059 ✭✭✭✭✭
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    Here's a couple of known industrial use bars, 35.10oz, 34.90oz, and 79.55oz examples on AE site (estimated 1 and 2 made). While the OP bar may not be listed on AE it appears to be similar to the these 2. The AE site has added new bars to their website and adjusted estimates many times. I'm guessing this example will be too.

  • 1630Boston
    1630Boston Posts: 14,157 ✭✭✭✭✭
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    Interesting :smile:

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  • PerryHall
    PerryHall Posts: 47,760 ✭✭✭✭✭
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    It will be interesting to see what this silver bars sells for.

    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

  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    Sure is different... have not seen one like it... Cheers, RickO

  • OnlyGoldIsMoney
    OnlyGoldIsMoney Posts: 3,579 ✭✭✭✭✭
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    Looks like a legitimate industrial bar to me. Made to be used in manufacturing and not for pretty.

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  • mariner67
    mariner67 Posts: 2,746 ✭✭✭
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    I agree....looks very legit for an industrial bar.

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  • JohnnyCache
    JohnnyCache Posts: 1,920 ✭✭✭✭✭
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    Thanks cmanbb, OnlyGoldIsMoney & mariner67 for your input.

    I have not had any experience with industrial bars up to this point however the resemblance to the pictures posted by cmanbb was immediately obvious.

    This appears to potentially be a leftover piece of what likely was a larger bar.

    Do these bars, whole or fragments, typically carry large premiums?

    I would imagine, given that the bars intended use was some type of industrial application, there wouldn't be a very high survival rate. One might guess that those bars that did survive may have done so more by chance or accident.

  • PerryHall
    PerryHall Posts: 47,760 ✭✭✭✭✭
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    Anyone have any ideas or theories as to what that plug is on the reverse?

    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

  • MsMorrisine
    MsMorrisine Posts: 40,088 ✭✭✭✭✭
    edited March 8, 2017 12:08PM
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    i'll suppose it is an extrusion, and note the striation lines and the color, somewhat, fall in line on the circle and the adjacent silver.

    also, I note there is an absence of toning marks on it in numerals.

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  • JohnnyCache
    JohnnyCache Posts: 1,920 ✭✭✭✭✭
    edited March 15, 2017 11:27AM
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    It will make life easier to have the picture handy, and it's good for posterity.

    *edit to add value of final sale.

  • cmanbb
    cmanbb Posts: 1,059 ✭✭✭✭✭
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    The examples I posted have a slanted cut end and a straight cut end. The OP (ebay pic) shows a slanted cut at both ends??? I agree with Johnnycache that this piece is a leftover or remnant piece.

    As to value.....who knows. These type of "industrial bars" have no character or uniqueness, no cool factor at all. They all look the same.

  • asheland
    asheland Posts: 24,545 ✭✭✭✭✭
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    Interesting, my thought was also for consumption and not a store of value.

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  • Shortgapbob
    Shortgapbob Posts: 2,332 ✭✭✭
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    I was actually the one who found this at a small show this past weekend. Came from a small dealer who had bought it in an older collection.

    It weighs 18.35 oz and does test at .999 silver. I was told from several knowledgeable people it was some sort of industrial bar, not something meant for a store of silver.

    The Englehard stamp is correct and the bar is certainly aged evenly. The lighter areas are where someone has wrote on the bar in marker and stickered it in the past, hence the differing patina.

    Didn't know what to do with it, so threw it up to let it ride. It is obvious that some people do know what it is, as I've had several individuals attempt to get me to pull the auction and sell the bar outright.

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  • MorganMan94
    MorganMan94 Posts: 1,331 ✭✭✭✭✭
    edited March 13, 2017 6:19PM
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    Wow, that brought much stronger money than I expected!
    Congrats on the sale @Shortgapbob it looks like you made the right decision to let it ride.
    How did it do compared to what you expected?

  • Shortgapbob
    Shortgapbob Posts: 2,332 ✭✭✭
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    I thought it could bring decent money, just because I've never seen one before.

    But I was happy with the results.

    Generally if people start contacting you to cancel a sale so they can buy outright, an item will do alright.

    "It is the mark of an educated mind to be able to entertain a thought without accepting it." -- Aristotle

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  • DrBuster
    DrBuster Posts: 5,446 ✭✭✭✭✭
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    That is crazy cash for that. Nice job.

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