Jm Bullion has 1 ounce Gold Engelhard bars for $39 over spot. I guess I should now say BAR not BARS as they are down to just 1 in stock. They had 5 last night so they are moving fast. I could only afford 1 but I did get 1. I looked on Ebay and there are only a few 1 ounce gold engelhard bars and the asking prices are all in the $1700- $1900 range so I would say $1278 is a GREAT deal.
"Dr Platinum" has the same exact bar on EBAY asking $1777. Thats $500 more. Wow. Now I know his asking price is stupid ( sorry if he posts here, but it is ) and noone is going to make a bid but still these bars go for a pretty nice premium over spot. So IMO this deal is a steal.
In other news, some sellers on eBay are asking 30x FV for 90% junk silver, or 50% over bullion value for First Spouse coins. If you check sold listings, you'll find that Engelhard bars are going for at best a modest premium over spot, and not many of them have sold at all. $1278 might be a good deal, but don't expect to get rich buying them at that price and flipping them on eBay.
To touch on what @-jeffB said it doesn't really matter what people are asking, it matters what people are paying for an item. Almost all dealers I've ever encountered treat most all gold bars whether they are from some fancy big name outfit or Joe Smoes gold shack the same and value them based off the gold content. (Although there are some exceptions to this with truly rare stuff) But bullion often brings bullion only prices on the aftermarket as it should. Myself I prefer AGE or Buffalos over gold bars which tend to do a little better sell price wise.
Darn you burst my bubble. I was already planning my retirement next week. Im glad we agree that $1278 is a good deal but I guess we saw it differently. There may be Ebay sellers selling 90% at 30x but there are also a bazillion selling it at reasonable prices. How many ebay listings are there for this item even within a few hundred dollars --- none. I have sold these at spot plus more than the premium jmbullion is askibg
That just tells me that there isn't a strong market for them on eBay. There aren't a lot of people willing to sell them at a price that would have them losing money after fees, and there aren't a lot of people willing to buy at a price higher than they'd get from a big distributor. Neither is especially surprising.
Plus the gold bar market isn't exactly a big market anyway. Gold is one where most people strongly prefer a government coin to know they aren't getting ripped off
Most eBay sales of 90% are high. Many dealers obfuscate the price by selling by the pound and not face value.
Now that you've ridiculed the higher offered price, stating a current price of 13 x FV, please post those offerings, not a statement of 90% coins melt value.You might even do some research, and also post the organization stating your price, and the caveat included in their schedule. e.g.: https://comparesilverprices.com/
What ARE you talking about? Someone else quote the 30x and I merely quoted the current spot price at the time I posted, which was exactly 13x. Of course, now the markets are opened it is no longer exactly that. What research is there to be done?
Great! PM me his number, and I'll purchase all of his "junk Silver" Morgans and Peace dollars. He may be selling some coins @ 13.5 times Face Value. JMHO
