"$100" 5oz silver Norfed round

Discussion in 'Bullion Investing' started by GeorgeM, Jan 8, 2021.

  1. GeorgeM

    GeorgeM Well-Known Member

    I've picked up a few of the 1oz Norfed rounds, but hadn't seen a 5oz example before. Have you seen many of these? Do they carry much of a premium? I like the high relief design & think it pops a bit better in this larger format.

    20210108_110425.jpg 20210108_110435.jpg 20210108_110441.jpg 20210108_110452.jpg
  2. Avatar

    Guest User Guest

    to hide this ad.
  3. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I purchased a one ounce $20.00 Norfed not long ago because I like the design. But dang... That five ounce pops!
    GoldFinger1969 and GeorgeM like this.
  4. fretboard

    fretboard Defender of Old Coinage!

    GeorgeM likes this.
  5. GeorgeM

    GeorgeM Well-Known Member

    I picked it up for $156. Why I always check the bullion pile for neat stuff.

    Any idea what the mintage was?
    GoldFinger1969 likes this.
  6. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I buy 5 oz. silvers from time-to-time...but I buy the Australian Wedge-Tailed Eagle, Panda, etc.

    With silver at about $25/oz....usually paying about $160-$175. Won't pay over $200.
    GeorgeM likes this.
  7. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Remember...if you need to sell and paid a big premium...lots of LCS won't pay more than melt/bullion value.

    Then you'll have to find a buyer for that particular design...list it....might have to wait a while...etc.

    The more obscure or original...the less LIQUID it is to sell.
    FryDaddyJr likes this.
  8. GeorgeM

    GeorgeM Well-Known Member

  9. fretboard

    fretboard Defender of Old Coinage!

    Yes, 20 years ago they were probably selling like hotcakes, not anymore though! :D The Norfed gold is priced sky high as well, ah the wishful sellers of ebay! laugh.gif
    GeorgeM likes this.
  10. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Who or what is "Norfed" ?
  11. GeorgeM

    GeorgeM Well-Known Member

    It was an anti-government group that tried making a bullion based currency to compete with the US government and found out the hard way that the Feds play hardball.

    "...NORFED (National Organization for the Repeal of the Federal Reserve Act), a private company owned by Bernard Von NotHaus, that has been selling gold and silver bullion coins labeled “Liberty Dollars” through an arguably-questionable multi-level-marketing (MLM) scheme."
  12. medoraman

    medoraman Supporter! Supporter

    Honestly, the value of these are proof why the concept doesn't work. Many factors can affect the value of pm, and when pm spikes you would be without money in an economy.a gold or silver standard simply cannot work anymore since there simply is not enough of it versus the world economy.

    Now, do I like what they are doing wasting trillions every few month? No, but even short of that pm coinage cannot succeed anymore.
    GoldFinger1969 likes this.
  13. fretboard

    fretboard Defender of Old Coinage!

    Yes, so true, I have a few boutique silver pieces that had a hefty premium. Guess I'll have to go back on feebay, I'm just not looking forward to it! :D
    medoraman and GoldFinger1969 like this.
Draft saved Draft deleted

Share This Page