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Topic Title: S.S. Gairsoppa 10oz bars at a decent price
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Created On: 12/21/2013 7:46 PM
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 12/21/2013 7:46 PM
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AnkurJ
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Anyone going for these? At the price I can't see much risk involved, and I like the design quite a bit.


Bar

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SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
 12/21/2013 7:54 PM
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USASoccer
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Mot completed silver 10oz. bars are going for 225-230 on eBay today. Unless it is worth more because of the historical value, $239 seems kind of steep.
 12/21/2013 7:56 PM
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AnkurJ
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Personally, I think the history holds value. But maybe its just me.

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All coins kept in bank vaults.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
 12/21/2013 8:07 PM
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USASoccer
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I agree it does, I would just be worried if others would pay you in return.
 12/21/2013 8:53 PM
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TheBigB
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It's just salvaged metal from the wreck, good luck. I would not pay a premium.
 12/22/2013 5:23 AM
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PerryHall
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Nice looking bar with some history behind it. The price looks reasonable.
 12/22/2013 6:38 AM
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OPA
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<< Nice looking bar with some history behind it. The price looks reasonable. >>





I would rather pay a premium for that bar than a so called "collectors" bar that's nothing but a clump of silver demanding a premium.

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 12/22/2013 6:59 AM
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AnkurJ
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Considering the huge premium for englehard bars, this is very reasonable all things considered.


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All coins kept in bank vaults.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
 12/22/2013 7:22 AM
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CaptHenway
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Not outrageous. Just remember that 10 years ago hardly anybody outside Lloyds of London knew about this wreck, and ten years from now the situation will be much like that again.

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 12/22/2013 11:52 AM
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OPA
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Broke down & purchased one...late X'mas present for myself.

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 12/22/2013 3:59 PM
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AUandAG
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I saw no reference to the number of bars produced. Anyone know? If they did all the tonnage
into silver bars that would sure be a huge glut, killing all collector value. The way they set that
bar serial number indicates it could be as many as 99,999 bars.

bob

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 12/22/2013 4:04 PM
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vpr
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220,000+ bars according to this. No wonder they lowered prices.

Linky

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 12/22/2013 4:55 PM
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AUandAG
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<< 220,000+ bars according to this. No wonder they lowered prices.

Linky
>>



Well, that means I'll be buying in the secondary market in a few years when silver gets down to $8 again.

bob

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BST deals: Dozens of buys/sells. Will provide a list upon request.
Registry: CC lowballs (boblindstrom)
 12/22/2013 5:23 PM
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carew4me
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well made bar with a nice back story....

whatever floats your boat (Pun Intended!)

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 12/22/2013 5:33 PM
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Baley
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they are newly refined;
the actual silver molecules' history at the bottom of the ocean is dwarfed by the history of the metal starting with the nuclear furnace and supernova some billions of years ago

you know what would have been cool? a slice of an actual bar that was sunk and recovered, maybe counterstamped with the salvage date or something.

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 12/22/2013 6:41 PM
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Weiss
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<< they are newly refined;
the actual silver molecules' history at the bottom of the ocean is dwarfed by the history of the metal starting with the nuclear furnace and supernova some billions of years ago

you know what would have been cool? a slice of an actual bar that was sunk and recovered, maybe counterstamped with the salvage date or something.
>>



You nailed it, Baley. That would be cool. Even if the weight was nominal (though I'm pretty sure they could slice them correctly). They are apparently selling some of the 1,000 ounce bars, too.

http://coins.blanchardonline.com/shipwreck-coins/ss-gairsoppa.php


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 12/22/2013 6:43 PM
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vpr
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<< they are newly refined;
the actual silver molecules' history at the bottom of the ocean is dwarfed by the history of the metal starting with the nuclear furnace and supernova some billions of years ago

you know what would have been cool? a slice of an actual bar that was sunk and recovered, maybe counterstamped with the salvage date or something.
>>



They sold off about 500 of the bars. I wonder what premiums they charged on those.

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References: Too many to list. PM for details. 100% satisfaction both as buyer and seller. As a seller, I ship promptly and keep buyers updated.
 12/22/2013 9:08 PM
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JohnMaben
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Like the story itself, the $239 price is history. These were already selling in the $279 range before the short term eBay Daily Deal promo and are now back to that price range. Not for the buyer that's just stacking metal, but for someone that wants to own a piece of history. You can still get them below $279 if you buy more than one at our website.

John

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MCM
 12/23/2013 4:22 AM
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PerryHall
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<< 220,000+ bars according to this. No wonder they lowered prices. >>


With the very high number being produced, they will be available on the secondary market in the future at close to melt. The big part of their premium over melt is from hype. Don't forget that this sea salvage silver is from a 20th century ship---not from a Spanish galleon from the 17th century.
 12/23/2013 7:27 AM
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7over8
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At $280 - no thanks.

At $239 - maybe.

A WW2 wreck - interesting, but not that interesting
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