I've learned from the shop I go to that odd weight silver(Even 50oz JM) gets discounted because it's not the standard 100 oz weight.. Is this true in all cases? I know eBay buyers might pay a premium for some rare odd weight silver bars like the kilos but, I really don't think there's much money to be made knowing eBay's fee structure.
Complete bunk. Consider, a 100 oz bar vs. 100 1 ounce rounds. Obviously it costs more to make the 100 1 oz rounds, so they'd carry a higher premium....not the other way around.
When I collected silver bars, I'd pay a bit extra for the odd bar. I had some neat ones, but they went years ago...:-(
I once worked at a place where the rules dictated that the boss give you a performance review every year, these were important because any raise depended on the review. Now what also occurred was that the head of each department who gave the reviews would be given a budget to work with, and an overall raise for his department of a certain percentage, it was up to him how he was to distribute that percentage. The problem was that the boss also was included in that budget, so to give himself a better raise, he had to give his workers a lesser one. As the company was falling from the prosperous going concern it was founded as, the original owner retired, then passed away, the grandson of the original owner who could not tell a paw from a pawl, the management of the company also suffered. One boss who was with us for a short time would find criticisms of his personnel in order to justify keeping their raises low or non existant and to keep his raises as high as possible. After one such round of reviews we were conversing in the lunch room about the raises and reviews, I had received a small raise but was criticized for not joining some of the extra curricular activities that the company offered, another person was given a smaller raise because they had joined extracurricular company activities that took time away from his work, so it was a d*mned if you do, d*mned if you dont scenario. I do not know if your dealer is giving you rationales for a lower offer for bullion, it might be that he just does not have the clientele that is interested in different sizes of bullion, I would save the sales and take it to the next coin show you can get to, that would lessen the narrow focus that your dealer works with. But just a question, when you purchase "odd sizes" from him do you get a corresponding break on the price? I do get my ten ouncers for just a tiny bit over spot,
This discussion is kind of like the Sterling discussion we were having earlier. Silver is silver, weight is weight. How hard is it to calculate 3.85 ounces at $17.93. All it takes is a calculator. Its simply multiplication. Offering less because it is sterling or an odd weight is reason to have these coins sent to a smelter and melted down. Then any dealer who can't operate a calculator won't have to deal with them.
Let me be sure I understand you here: your dealer is telling you that anything under 100 ounces is a "rare odd weight" and he's going to pay you less for that? What will they think of next?:headbang: First of all, If you can find it listed on Apmex, or Kitco, or any other dealer, there is a ready retail market for it. What does he think he's dealing in, Comex bars :rolling:? Second of all, what people mostly buy is the smaller amounts, that's what sells, and it sells at a premium not a discount. People also buy 50 and 100 ounce bars if they like bigger sizes, and there is nothing "odd" about it. Unless I'm misunderstanding you, it sounds like it is your dealer who is "odd". .
My local dealer has a Bullion discount bin. The odd weights can be found in it and yes they are discounted a little bit. 4,5,6 oz bars can be had for about 25cents/oz less than the regular 1,10 oz bars. His prices over spot however are too high for me to think about buying from him.
Takes longer to sell them, so many hit the smelter, I recently heard of a popular oddweight bar that's so scarce premium in collecting is over 40xag. It's an 8 oz bar. so it's worth 320 oz of silver! Lol. Needless to say many oddball bars have huge premiums, do the research, hit the bins make money.
