"$100" 5oz silver Norfed round

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.

 

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I purchased a one ounce $20.00 Norfed not long ago because I like the design. But dang... That five ounce pops!

 

That's very impressive, I'm thinking the premium would be sky high as there probably weren't that many minted! Here's one on feebay!

https://www.ebay.com/itm/1998-2006-...231247?hash=item4db8ff754f:g:VNcAAOSwh1tfzUg4

 

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

Any idea what the mintage was?

 

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.

 

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.

 

$425 asking price, huh? I didn't see any that have actually sold to compare against.

 

Yes, 20 years ago they were probably selling like hotcakes, not anymore though! The Norfed gold is priced sky high as well, ah the wishful sellers of ebay!

 

Who or what is "Norfed" ?

 

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."

 

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.

 

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!