Page 1 of 1
Engelhard bar
Posted:
Wed Apr 06, 2011 9:38 pmby OtusLotus
So my buddy picked me up a 4 oz Engelhard bar on Tuesday for spot ($38.48)... paid $154 for it.
About two hours later, my buddy calls me up and says some guy is going to pay me $180 for it.. I said no. (like what was I going to do with $26 when spot had already risen by 75 cents. So to reinvest it and buy 4 more oz, and have only a few bucks left over, didn't seem worth the effort for me.)
The buyer then said that he would give me 5 1-oz Engelhard bars for the 4 oz bar.. and I said hell yea! That seems like a heck of a deal.
My question is.. am I missing something? Is the 4 oz Engelhard bar rare? I know I am getting 1 oz more silver (25%) but I have a funny feeling this guy is trying to pull a fast one on me. And I am looking for some wisdom...
Re: Engelhard bar
Posted:
Wed Apr 06, 2011 10:29 pmby Neckro
Some odd sized bars go for a hefty premium, for purely collector value. Since you're online, I'd check past auction prices on ebay for similar bars. If no bars like it have sold, than it is an oddity.
Re: Engelhard bar
Posted:
Wed Apr 06, 2011 10:50 pmby slvrbck
If the 1oz bars are legit I say definitely go for it. . . I personally have no interest in numismatic silver bars. 1oz branded bars seem to go for a premium as well. They are selling on feebay right now for 50+++
Re: Engelhard bar
Posted:
Wed Apr 06, 2011 10:55 pmby TXBullion
I think there is a bar like that and it would carry a premium , can you post a pic of it
Re: Engelhard bar
Posted:
Wed Apr 06, 2011 11:04 pmby slickeast
http://about.ag/Engelhard-OddSizes.htmThis shows many different odd size bars
Re: Engelhard bar
Posted:
Thu Apr 07, 2011 12:03 amby natsb88
I would have kept the 4 oz bar. The last 4 oz Engelhard I saw sold for $20/oz OVER spot
And they certainly aren't making any more...
Re: Engelhard bar
Posted:
Thu Apr 07, 2011 9:36 amby highroller4321
"Odd" sized bars, especially Engelhard, tend to almost always sell for a premium.
Re: Engelhard bar
Posted:
Thu Apr 07, 2011 9:58 amby Lemon Thrower
natsb88 wrote:I would have kept the 4 oz bar. The last 4 oz Engelhard I saw sold for $20/oz OVER spot
And they certainly aren't making any more...
a 5th 1-oz bar is worth over $40, so it sounds like he made a good trade unless you meant $20/per oz over spot.
btw, they are not making anymore Englehardt 1 oz bars either.
Re: Engelhard bar
Posted:
Thu Apr 07, 2011 11:46 amby Treetop
Well I dont think you made a bad deal even if you could of gotten more out of the premium on it. 25 percent more silver is a great deal. If the guy hadnt wanted to trade, you might never have realized you even had a premium bar anyway. and premiums often decline on certain things as price rises. so there might of been a window for a better deal, but you did good imo.
Re: Engelhard bar
Posted:
Thu Apr 07, 2011 1:41 pmby Neckro
Re: Engelhard bar
Posted:
Thu Apr 07, 2011 5:30 pmby natsb88
Lemon Thrower wrote:natsb88 wrote:I would have kept the 4 oz bar. The last 4 oz Engelhard I saw sold for $20/oz OVER spot
And they certainly aren't making any more...
a 5th 1-oz bar is worth over $40, so it sounds like he made a good trade unless you meant $20/per oz over spot.
btw, they are not making anymore Englehardt 1 oz bars either.
I did mean $20 PER OUNCE over spot, which is why I said "$20/oz OVER spot"
That would be $80 over spot, or roughly two ounces of silver. I don't think Engelhard has minted any silver bars since the late 80s, and these odd-sized poured bars are even older.