Had to pass on it.

Discussion in 'Bullion Investing' started by beaver96, Mar 19, 2021.

  1. hotwheelsearl

    hotwheelsearl Well-Known Member

    LOL that’s a pretty funny term. Very true though. It’s tough to risk 100 ounces at anywhere between 18-27 per ounce if you can’t guarantee authenticity.

    HOWEBER. It seems to me that bars like this are almost never faked while Chinese pandas, American eagles, etc are faked every day. Isn’t it safer to buy giant bars than bullion coins?
     
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    I'd expect a lot more fakes of the 1-ounce pieces, because there's a much larger market for them, and there are just more of them around.

    The main problem is that it's easier to fake a large bar, because there's more volume to work with. Googling "fake 100 oz silver bar" turns up silver-plated examples, but for a 100- or 1000-oz bar it could be worthwhile to core a real one, fill it with a lower-melting alloy of the same density, then plug it. You'd have a thick enough layer of silver to look good when scratched, and the weight/dimensions/density would be right. Even XRF probably wouldn't penetrate enough to detect the interior. You'd need to drill the bar randomly to find the truth.
     
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  4. potty dollar 1878

    potty dollar 1878 Well-Known Member

    Yes I have and it feels like a ton of bricks.
     
  5. medoraman

    medoraman Supporter! Supporter

    Yeah, this. A small coin you will have thinner plating, making it easier to spot a plated example. With this, they don't even have to plug, they could insert a lead-tin core while casting a silver bar to extend their yield.

    This is why I simply prefer government minted coins. More precise specs, and a complicated design. Simply more ways to catch fakes than with bars.
     
  6. FryDaddyJr

    FryDaddyJr Junior Member

    RCM bars don't look too easy to fake
     
  7. medoraman

    medoraman Supporter! Supporter

    Maybe not sir, but let me ask you this. Its your money, and you have the chance to buy an ounce of gold. Are you more comfortable buying a bar or a mint issued coin? Which one do you sleep better at night owning? Maybe you have a different answer than me, I simply like the safety of being able to check very exact, published specs, and if I am still unsure send it in for authentication to a TPG. To some people an ounce of gold is a lot of money.
     
  8. Nyatii

    Nyatii I like running w/scissors. Makes me feel dangerous

    This is more within my budget...and I only had to render it down. IMG_5645.JPG IMG_E1965.JPG
     
    spirityoda and slackaction1 like this.
  9. -jeffB

    -jeffB Greshams LEO Supporter

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  10. slackaction1

    slackaction1 Supporter! Supporter

    If you had an eyelet in them wold make nice looking sinkers, Bottom bouncers
     
  11. Nyatii

    Nyatii I like running w/scissors. Makes me feel dangerous

    You are right! I hadn't thought of that. Maybe if I alloy in a few of my silver bars or coins.
     
  12. spirityoda

    spirityoda Coin Junky

  13. Dynoking

    Dynoking Well-Known Member

  14. beaver96

    beaver96 Supporter! Supporter

    A little out of my weekly budget.
     
  15. Nyatii

    Nyatii I like running w/scissors. Makes me feel dangerous

    Altogether, including all that isn't shown.....2 tons +

    You never know when you might need to shoot.
     
  16. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I think that was an excellent choice, silver is very over priced right now
    I think it would be better when silver retreats more, its at a very high level right now.
     
  17. slackaction1

    slackaction1 Supporter! Supporter

    Retreats to what?
     
  18. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    well its definitely over priced at 85% so probably at max 15% growth
    so buying now wouldn't leave you much on the plus side, better chance
    of falling off the cliff.
     
  19. FryDaddyJr

    FryDaddyJr Junior Member


    I thought we were talking about large silver bars. I don[t have any interest in gold in bar form. I don't see the appeal
     
  20. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Yeah guys, let’s get back on track..LOL
     
  21. medoraman

    medoraman Supporter! Supporter

    Sorry. If you had a choice between silver bars and government struck silver coins, which would let you sleep better at night owning?

    Fixed it for you.
     
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