Engelhard NEWP - I used up a lot a luck on this one

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OnlyGoldIsMoney
OnlyGoldIsMoney Posts: 3,576 ✭✭✭✭✭
in Precious Metals
I never expected to find one of these. It arrived today. image

image
NO END IN SIGHT Liberty Head $2 1/2 Gold Basic Set, Circulation Strikes (1840-1907)
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907/publishedset/15628

March of Time - 27 Centuries in Gold
https://coins.www.collectors-society.com/WCM/CoinCustomSetView.aspx?s=36590

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  • Wingsrule
    Wingsrule Posts: 3,312 ✭✭✭✭
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    I think this deserves a "YOU SUCK"!image

    Edited to add emphasis!
  • DoubleEagle59
    DoubleEagle59 Posts: 8,433 ✭✭✭✭✭
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    For someone who's totally ignorant...what's the premium for these bars?
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • nibanny
    nibanny Posts: 2,761 ✭
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    << <i>For someone who's totally ignorant...what's the premium for these bars? >>



    Huge! There was a thread with a link to an auction a while back but cannot recall how high that auction ended.

    edited to add: I was mistaken, the thread I was referring to was for a 7 oz Engelhard.
    Still I think these 2 ozers demand a big premium.
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • Wingsrule
    Wingsrule Posts: 3,312 ✭✭✭✭
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    There was an ebay auction awhile back for a 2 ozer that was bid up to $1,800+ but did not meet reserve. I have not seen it relisted since then.
  • gsa1fan
    gsa1fan Posts: 5,566 ✭✭✭
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    image nice pickup!
    Avid collector of GSA's.
  • NumbersUsacom
    NumbersUsacom Posts: 1,457 ✭
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    Very Very Nice !!
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • Justacommeman
    Justacommeman Posts: 22,852 ✭✭✭✭✭
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    LOVE IT

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • OnlyGoldIsMoney
    OnlyGoldIsMoney Posts: 3,576 ✭✭✭✭✭
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    << <i>I think this deserves a "YOU SUCK"!image

    Edited to add emphasis! >>




    You made a good day better. A first ever "You Suck". image
    NO END IN SIGHT Liberty Head $2 1/2 Gold Basic Set, Circulation Strikes (1840-1907)
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907/publishedset/15628

    March of Time - 27 Centuries in Gold
    https://coins.www.collectors-society.com/WCM/CoinCustomSetView.aspx?s=36590
  • Mesquite
    Mesquite Posts: 4,075 ✭✭✭
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    image
    There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
    –John Adams, 1826
  • Weiss
    Weiss Posts: 9,942 ✭✭✭✭✭
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    I'm not a fan of huge premium bars, but even I think that one's pretty cool. Top tier name, serial number, old pour, odd ounce weight, Canadian Bull (?). It's got everything a metal geek could want image
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • Timbuk3
    Timbuk3 Posts: 11,658 ✭✭✭✭✭
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    Congratulations, nice "score" !!!
    Timbuk3
  • SilverBaron
    SilverBaron Posts: 767 ✭
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    This is one of the TRULY RAREST of the Engelhard bars.

    $2,000 is about the going rate for this bar.

    image
    Silver Baron
    ********************
    Silver is the mortar that binds the bricks of loyalty.
  • 57loaded
    57loaded Posts: 4,967 ✭✭✭
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    when will China have 'em?
  • PerryHall
    PerryHall Posts: 47,752 ✭✭✭✭✭
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    Cool bar but I avoid buying bars that cost a big premium over melt value.

    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

  • calleocho
    calleocho Posts: 1,569 ✭✭
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    bad ass bar!

    good job!
    "Women should be obscene and not heard. "
    Groucho Marx
  • DoubleEagle59
    DoubleEagle59 Posts: 8,433 ✭✭✭✭✭
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    sorry for the double post, but what makes this a $2000 bar?
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • Staircoins
    Staircoins Posts: 2,590 ✭✭✭✭
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    << <i>sorry for the double post, but what makes this a $2000 bar? >>



    Demand.

    Due mostly to the factors that Weiss listed.
  • secondrepublic
    secondrepublic Posts: 2,619 ✭✭✭
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    the obvious question we're all wondering about -- what did ya pay for it? image
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • Justacommeman
    Justacommeman Posts: 22,852 ✭✭✭✭✭
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    << <i>

    << <i>sorry for the double post, but what makes this a $2000 bar? >>



    Demand.

    Due mostly to the factors that Weiss listed. >>



    Just like in coins, scarity. A lot more collectors for these then supply. Like way more. If you think of these as bullion you would be barking up the wrong tree. Silver could go to $10 or to $50 and the price of these would be unaffected by that movement. It's really not premium we are talking about on these items. I love them and wish I had more.

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • mkman123
    mkman123 Posts: 6,849 ✭✭✭✭
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    Nice score but easily faked I bet
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • morgantype
    morgantype Posts: 456
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    Nice, very nice....
    Many buy and sell transactions. Let's talk!
  • piecesofme
    piecesofme Posts: 6,669 ✭✭✭
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    There was an ebay auction awhile back for a 2 ozer that was bid up to $1,800+ but did not meet reserve. I have not seen it relisted since then.

    I remember that auction, and all along I knew it was a case of a seller "testing the market". image
    There's no way in heck it was/is worth anything remotely close to that. $1000 absoltue TOPS! Any more than that I couldn't live with myself. Show me a factual mintage and I might go $1250. Hate to say it but if you pd more than that OGIM, you got f'in RIPPED an new one!
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • Wingsrule
    Wingsrule Posts: 3,312 ✭✭✭✭
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    Hate to say it but if you pd more than that OGIM, you got f'in RIPPED an new one!

    Hard to say since we don't know what he paid for this. At least I don't.

    There were several bidders from here that were involved to the ~$1500 level if I am not mistaken.
  • OnlyGoldIsMoney
    OnlyGoldIsMoney Posts: 3,576 ✭✭✭✭✭
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    << <i>There was an ebay auction awhile back for a 2 ozer that was bid up to $1,800+ but did not meet reserve. I have not seen it relisted since then.

    I remember that auction, and all along I knew it was a case of a seller "testing the market". image
    There's no way in heck it was/is worth anything remotely close to that. $1000 absoltue TOPS! Any more than that I couldn't live with myself. Show me a factual mintage and I might go $1250. Hate to say it but if you pd more than that OGIM, you got f'in RIPPED an new one! >>



    Rich, if you can find any 2 oz poured Engelhard bars similar to the two known I will gladly pay you $1,000 each for all you find.

    Perhaps we are approaching these bars from different perspectives. I am working on an Engelhard collection and I am always on the lookout for new varieties. When silver approaches $50 again some will view it as an opportunity to make a profit. I view higher silver prices as an opportunity to pick up rare bars as they come out of the woodwork. After I retire the whole subject might be worthy of an article or monograph.

    As far as prices paid are concerned, I never ask and I don't tell.

    If I could have purchased the Nov 2011 (discovery) bar for $2,000 I would not have not considered myself ill served. I was thunderstruck when I first learned of the existence of 2 oz Engelhards and naively wondered if the photograph was photoshopped. The bidder's list for that auction reads like a Who's Who of poured bar collectors. If that bar had met reserve (say around $1,500) there would have been a frenzy of bidding. That bar could have sold well north of $2,000.

    There are no factual mintages. The lack of factual mintages is not hindering me. Anyone interested might learn more by visiting Markham, Ontario to find people who worked for Engelhard during their bull horns phase.

    There is no Official Red Book for bar collectors and no easy way to gauge value and rarity. You have to rely on experience. This PCGS Precious Metals forum is the closest thing we have to a "College of Engelhard Knowledge". Bars are sometimes discussed at Kitco but most posting there, with a few notable exceptions image, like their silver cheap, stamped and shiny. The average person who comes across a $5 gold coin is wise enough to know they have something valuable. 99.9% of the public would reasonably choose the $5 gold coin over a 2 oz, 4 oz or 7 oz Engelhard bar. Only a relative small group of dedicated bar collectors would choose wisely and select the bar.

    The scarce bars are out there in ones and twos. The trick is to find them before they get sold as bullion and shipped to the refiners.

    NO END IN SIGHT Liberty Head $2 1/2 Gold Basic Set, Circulation Strikes (1840-1907)
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907/publishedset/15628

    March of Time - 27 Centuries in Gold
    https://coins.www.collectors-society.com/WCM/CoinCustomSetView.aspx?s=36590
  • ModernCoin
    ModernCoin Posts: 394
    Options


    << <i>Rich, if you can find any 2 oz poured Engelhard bars similar to the two known I will gladly pay you $1,000 each for all you find.

    Perhaps we are approaching these bars from different perspectives. I am working on an Engelhard collection and I am always on the lookout for new varieties. When silver approaches $50 again some will view it as an opportunity to make a profit. I view higher silver prices as an opportunity to pick up rare bars as they come out of the woodwork. After I retire the whole subject might be worthy of an article or monograph.

    As far as prices paid are concerned, I never ask and I don't tell.

    If I could have purchased the Nov 2011 (discovery) bar for $2,000 I would not have not considered myself ill served. I was thunderstruck when I first learned of the existence of 2 oz Engelhards and naively wondered if the photograph was photoshopped. The bidder's list for that auction reads like a Who's Who of poured bar collectors. If that bar had met reserve (say around $1,500) there would have been a frenzy of bidding. That bar could have sold well north of $2,000.

    There are no factual mintages. The lack of factual mintages is not hindering me. Anyone interested might learn more by visiting Markham, Ontario to find people who worked for Engelhard during their bull horns phase.

    There is no Official Red Book for bar collectors and no easy way to gauge value and rarity. You have to rely on experience. This PCGS Precious Metals forum is the closest thing we have to a "College of Engelhard Knowledge". Bars are sometimes discussed at Kitco but most posting there, with a few notable exceptions image, like their silver cheap, stamped and shiny. The average person who comes across a $5 gold coin is wise enough to know they have something valuable. 99.9% of the public would reasonably choose the $5 gold coin over a 2 oz, 4 oz or 7 oz Engelhard bar. Only a relative small group of dedicated bar collectors would choose wisely and select the bar.

    The scarce bars are out there in ones and twos. The trick is to find them before they get sold as bullion and shipped to the refiners. >>



    Excellent post! Thanks for sharing... image

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