Does this silver bar command any premium? *pic*

Discussion in 'Bullion Investing' started by swagge1, Mar 27, 2011.

  1. swagge1

    swagge1 Junior Member

    I have seen people mention before that bars produced by certain refiners are desirable and can command a premium. Does this Engelhard bar command such a premium? If so how much above or below spot would it be? If I wanted to sell this 1 oz. bar to an individual how far above or below spot would be a fair price to ask? The picture makes it appear to be more tarnished than it really is.
    Thanks,
    Scott



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  3. FishyOne

    FishyOne Member

    Engelhard bars do command a premium over melt value but with the current spot price being as high as it is (near $38), I would expect no more than a 5% upcharge or $40 for it.
     
  4. thecigarnut

    thecigarnut Member

    I've seen them go for 40-45 with shipping costs included on ebay
     
  5. defcon505

    defcon505 New Member

    Indeed.
     
  6. swagge1

    swagge1 Junior Member

    Thanks guys!
     
  7. beachbum99

    beachbum99 Member

    That's the Engelhard bar from Canada. just an FYI.
     
  8. swagge1

    swagge1 Junior Member

    Im not sure if its from Canada or not. I bought it at a coin show in New Orleans around 1995ish. Also the bar has been sold. I sold it for $2.00 over spot at the time.
     
  9. 1970 Silver Art

    1970 Silver Art Silver Art Bar Collector

    The Engelhard Canada silver bar can command a higher premium than a regular Engelhard based on my past observations. I have also seen this Engelhard Canada silver bar sell for the same premium as a regular Engelhard silver bar.
     
  10. swagge1

    swagge1 Junior Member

    Thanks for the info 1970. I bought the bar around 1995 for around $6. I ended up selling it for $40. Not a bad return I'd say!
     
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