I got a notification in my email that silver dropped below $20/oz so I went on my favorite bullion dealer and they were having a sale on these 10 oz cast bars. I went ahead and bought one but I’m just wondering what you guys think of them? Do you like them or not? If so why? Thanks!
Well, silver is at $19.67, and they want $23.60 or a premium of $4 per ounce. That is a premium of 20.33% over melt. So, nope too high a premium for my taste. Then again, I am cheap. Unless you are a gambler, it'll take a 20% increase in melt to break even
Cast bars are really cool but it depends if this is a want item or one that you need I have this exact bar and I like it, but I would shop around to get the best price, have seen These just about everywhere including the bay.
Oh yeah price is the main factor! JMB currently has these on their weekly sale for $3.99/oz over spot and the closest I could find for other 10 oz bars was $4.29/oz over spot.
Its a pretty popular bar along with the pamp Susie bar very cool looking, have changed my focus as of late so not really buying any silver at the moment trying to stick with GOLD Modern’s at the moment.
Oh cool! Just wanted to make sure it wasn’t one of those things that is almost impossible to sell lol. Hey everyone likes different stuff . I’m not really “buying” per se I just decided to add a bit after the price drop. Still saving up for a gold Buffalo though lol or a Liberty Double Eagle to go with my St Gaudens now that I got my 1921 Peace Dollar a few days ago.
Yeah, when it comes to GOLD you can’t stray to far off the beaten path, sticking with bullion based coins they will always be much easier to sell when you need to cash out.
Ah yeah with gold I only stick with the classics: American Gold Eagles & Pre-1933 gold coinage. I’ve never ever ever seen a dealer refuse to make a decent offer on a 1 oz gold eagle or a St. Gaudens Double Eagle. They always seem interested to me.
That’s why I like bullion ( in most cases ) you already know what your going to get for it but premiums are high even on B/U examples, so with the economy it’s is something you need to put away for a rainy day.
I like buying bars and rounds that are not to high priced over spot Some of the premiums asked by different dealers are over inflated! Just shop around for your best deal. Good luck.
Heraeus is extremely reputable. Cast bars are favored by some investors, and old or unusual ones often go for significant premiums on eBay to folks who collect them. However, it takes time and effort to sell there. There are also numerous small businesses which have attempted to capitalize on the demand for cast bars by producing their own, and selling them them at significant premiums. In my opinion, items created intentionally as collectibles tend to lose value for the original purchaser. Dealers usually do not want to pay beyond spot.
You will find most dealers have the same items for sale, but not the same prices always good to do your own research to save the most money
Here's the only 10 ouncer I own and I only bought it because Hospital Trust is a bit rare. As far as yours goes, I don't buy much modern silver at all but if I did it probably wouldn't be a 10 ounce pillow bar, that's what I call them, some call them loafs. I hear there have been some really good deals around, but I'm not interested yet.
Very nice, Each time I see you post that bar, I think the only way that bar could be any cooler would be pictured sitting with the one ounce hospital bar. Edited to add, OR sitting in my collection. Lol.
Blake, it all comes down to buy what you like. That bar is more of a new poured commercially marketed bar.
Poured bars are fine IMO. The brand, weight and fineness are included in the casting and they typically have a laser etched serial number on the bar, wrapped in a plastic envelope with a paper label that includes the weight, fineness, and S/N enclosed on the back of the bar and a hologram seal on the envelope. Leaving the bar wrapped may add validity (at resale) that the bar was not tampered with.
Ohh yeah see the thing that concerns me is I don’t think this is coming wrapped with a matching COA & serial number. I believe it’s just raw but maybe I’m wrong. It’s from JM Bullion though. Everyone knows they are about as reputable as online bullion buying gets.