2.5 gram Gold PAMP Bar

Discussion in 'What's it Worth' started by SensibleSal66, Feb 25, 2021.

  1. SensibleSal66

    SensibleSal66 Casual Collector / error expert "in Training "

    Hi everyone . I'm looking at this Gold Bar as an Investment . It's 2.5 g , 24K .
    This 2.5 Gram Gold Pamp bar features the world's most famous ingot motif, Lady Fortuna. Not only is Lady Fortuna an assurance of Pamp's quality and authenticity, but it is in itself a beautiful design that depicts the Goddess of Fortune among sheaves of wheat, poppies, precious coins, a horn of plenty and a wheel of fortune. On the reverse of each bar, you'll find an inscription of the PAMP Suisse logo, as well as the purity and weight of the bar. All bars are inscribed with "ESSAYEUR FONDEUR" to guarantee their authenticity.
    This sells for $178.51 . Do you think this a good deal ?
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  3. paddyman98

    paddyman98 Let me burst your bubble! Supporter

    Not to sure.. It's a very tiny bar though at $178.51
    It weighs as much as a Zinc Cent.

    I'm not superstitious.. I don't care much for.. goddess of anything.

    Sal.. Go find some gold with your metal detector!
    I know I will be trying for some this new year!
    Last edited: Feb 25, 2021
    capthank and Matthew Kruse like this.
  4. John Burgess

    John Burgess Well-Known Member

    Just make sure it's a reputable seller and you have a means of verifying it is what it is. There are fakes. Take nobody's word on it.

    Just saying lots of fakes out there to get scammed by. Be careful.
    Matthew Kruse likes this.
  5. Garlicus

    Garlicus Debt is dumb, cash is king. Supporter

    The premium is about $35, which is about the same as the premium on a PCGS MS-69 1/10 oz Gold Eagle.
    The Pamp bar has .61 grams LESS gold content.
    The graded coin would be easier to sell, down the road.
  6. SensibleSal66

    SensibleSal66 Casual Collector / error expert "in Training "

    Thanks Guys ! Gold with my Metal Detector , I wish . My Beautiful Wife will probably be the one to find the Gold and Me, probably Cans . :hilarious::hilarious:
    Sley likes this.
  7. Oldhoopster

    Oldhoopster Member of the ANA since 1982

    1 gram = 0.032 Troy ounces, so 2.5 x 0.032 = 0.080 troy ounces. With gold at approx. $1800/troy ounce, the melt value would be $144 so you’re paying approx. a $35 (25%) premium, as @Garlicus pointed out

    Now you have the info to determine if it's a good deal
    Sley likes this.
  8. mike estes

    mike estes Well-Known Member

  9. SensibleSal66

    SensibleSal66 Casual Collector / error expert "in Training "

    Thanks @mike estes ! I showed the Wife (AKA the Boss ) and she didn't think it was a good deal and money can be spent on some other coin/s . I agreed . ;)
    Matthew Kruse, Sley and mike estes like this.
  10. mike estes

    mike estes Well-Known Member

    LOL, I'm glad it helped. good luck brother
  11. JCKTJK

    JCKTJK Supporter! Supporter

    A few years ago i paid $107 to $111 for the same, at the same time i was paying 133 for 1/10th gold eagles, i think i purchased from Provident metals before the JMB take over.
    Last edited: Feb 25, 2021
  12. Mr.Q

    Mr.Q Well-Known Member

    Gold is on a roller-coaster right now, be careful Sal. I already know you will make the right decision, I've seen you're work! Be safe
    SensibleSal66 and JCKTJK like this.
  13. Collecting Nut

    Collecting Nut Borderline Hoarder

    I think you'd be better off buying a US Gold Coin. Some of them are only a little bit more money.
    Kentucky and SensibleSal66 like this.
  14. JCKTJK

    JCKTJK Supporter! Supporter

    I know this goes against the "if you don't hold it you don't own it" but most mining stocks are taking a beating atm so you could purchase 45 shares of say Yamana Gold or B 2 gold for roughly the same price of that bar, not saying or giving financial advice just throwing it out there. there are many other beaten down Miner Stocks out there atm so you will need to do a little research!

    EDIT for missing words??
    Last edited: Feb 25, 2021
    SensibleSal66 likes this.
  15. SensibleSal66

    SensibleSal66 Casual Collector / error expert "in Training "

    I think now all of you are right . I will hold off and probably invest in Silver if the Price is right .
    JCKTJK likes this.
  16. potty dollar 1878

    potty dollar 1878 Florida girls have to love walking there sharks.

    don't buy it your better off buying a quarter eagle for a hundred and a 1/2 more.
    JCKTJK likes this.
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