[TABLE="class: tborder, width: 100%, align: center"] [TD="class: alt1, bgcolor: #F5F5FF"]One of the least expensive forms of silver bullion is a silver bar. Most of the major brands are .999 silver but some brands sell for a higher premium than other brands...why? When bullion bars are sold in the secondary market don't they all sell @ current spot and loose their premium? Which size of silver bullion bar is the easiest to sell? 1, 5, 10, 100 oz, etc. Thanks [/TD] [/TABLE]
Engelhard silver bars are, in my opinion, the top brand of silver bars to get because it is well known and people trust it. Johnson Matthey is a close second. I think that APMEX has priced Engelhards higher in the past than regular .999 generic silver bars. It also depends on the the type of .999 silver bar. If it is a 1-oz .999 silver art bar and you sell it on ebay, then it will fetch a winning bid that could be well above spot silver. If you sell any .999 silver bar to a local dealer regardless of what type of .999 1-oz bar it is, then that local dealer is give you only metal value minus a discount.
If you use ebay.. buy bars locally and sell them online to make money. I just sold off my Engelhard and 2 Johnson Matthey for $45 a piece. Thats right, when silver spot was only $31!!!. I'd love to know why people still pay such high prices on ebay.
I saw a ebay auction yesturday for a 1 GRAM no name bar go off at over $12. The next time I am at my local shop I will be buying as many 1 gram bars as I can get my hands on to sell to the as Victor put it BIDIOTS! 31 grams at $12 a gram = $372 a toz YAHHOOOO:yes:
I hope you are having him make payment through Paypal. I Daddy used to say don't count your chickens before they hatch.
As Silver Art said, Engelhard and Johnson-Matthey are the top of the line for bars. I think they're the only ones that put serial numbers on their bars (at least most manufactuers don't do this), and the added security of authenticity helps their resale value. I have some bars from the Northwest Territorial Mint, and was offered 2 cents over spot for a 10 oz by one of my local dealers. Another dealer gives 50 cents under spot for 10 oz, and 70 cents under for 100 oz. Many undercut a full dollar per oz. As far as I can tell, 1 oz to 10 oz is pretty much the same, but the 100 oz is cheaper on both ends of the transaction. When I bought some in 2008 the 1 oz had a higher premium than 5 oz and 10 oz, but that doesn't seem to be the case any longer. I'm not a big fan of 100 oz. They're slightly cheaper, but they're mostly illiquid. For that much cash in one item I would rather have gold or platinum, but preferably 10 oz denominations of silver.
great points, as cool as those 100ozer's may be to hold in your hand, they are a much more difficult resell and of course the more of it you are selling the less premium the buyer expects to pay. 1oz seems to be a sweet spot especially if you wanna resell on ebay.
Goodness. 1 gm of silver. I just dished up some chicken pot pie with a 70 gm sterling silver serving spoon that I got at a flea market for $4. Maybe I should polish it up and sell it. LOL.
The 1-oz silver bar is the "sweet spot" when it comes time to sell on ebay. 1-oz silver art bars will usually fetch the most premium over any other type of silver that is being sold on ebay.
I honestly do not know very much about poured silver bars to comment on them since I do not watch the winning bids on them. However, I have seen a lot of common-minted silver art bars fetch winning bids of $10-$15 over spot on ebay. The rarer silver art bars (such as certain Coca-Cola silver art bars) fetch $20 over spot and more.
