Gold Bar Under Melt

Discussion in 'Bullion Investing' started by ilmcoins, Apr 21, 2019.

  1. ilmcoins

    ilmcoins Well-Known Member

    Noah Finney likes this.
  2. Avatar

    Guest User Guest

    to hide this ad.
  3. gronnh20

    gronnh20 Well-Known Member

    Is the stamped weight for the entire bar? Or the assayed amount of gold in the bar? Also, it looks like it may weigh a little less with the bottom right corner shaved off.
    midas1 likes this.
  4. Noah Finney

    Noah Finney Morgan / Gold Indian Member

  5. rte

    rte Well-Known Member

    That's a little more then Cleaned with hairlines :D
    Wonder if the authenticator took the bite out of it as pay.
  6. Nathan401

    Nathan401 Quis custodiet ipsos custodes? Supporter

    The bidding on this wil go waaaaay up.
  7. rte

    rte Well-Known Member

    Been dropped at least once.
    Nathan401 likes this.
  8. Michael K

    Michael K Well-Known Member

    At 1276/oz I make it a little over $183,000 in gold. 90.6 seems odd. But now I see it's from an 1857 shipwreck, so it's not odd.
    Is there a premium because it's a bar?
    I see it is $181,100 now. What will this sell for $188,000?
  9. ilmcoins

    ilmcoins Well-Known Member

    Will be interesting to see what it sells for. I bet there is a good premium when it sells. The shipwreck I bet gets this bar bid up!
    harrync and Michael K like this.
  10. Michael K

    Michael K Well-Known Member

    I didn't realize gold was so low, so I changed the arithmetic.
  11. rte

    rte Well-Known Member

    S.S. Central America shipwreck, which sunk on September 12, 1857,
    Figure closer to 2x spot for the cool factor .
  12. Michael K

    Michael K Well-Known Member

    I didn't realize the closing auction bids are 3 weeks away.
    I will put in my lowball guess here $225,000.
  13. NYandW

    NYandW Makes Cents!

    Post the results, please.
    Stevearino likes this.
  14. goldcollector

    goldcollector Member

    15% buyers premium adds another $27,000 so its no where near under melt even with 3 weeks bidding remaining.
    Stevearino likes this.
  15. Michael K

    Michael K Well-Known Member

    $225,000 +15% = 258,750 that's my final answer.
    67 bids still at 181,100 but I assume this is going to get sniped
    at the end. Those programs should not be allowed. It's not really
    an auction if you have computers bidding against each other in the
    last seconds. One of the things that turned me off about EBay.
    Does Great Collections allow sniping programs?
    Stevearino likes this.
Draft saved Draft deleted

Share This Page