Thoughts on cast bars?

Discussion in 'Bullion Investing' started by Gam3rBlake, Jul 1, 2022.

  1. Gam3rBlake

    Gam3rBlake Well-Known Member

    I got a notification in my email that silver dropped below $20/oz so I went on my favorite bullion dealer and they were having a sale on these 10 oz cast bars.

    I went ahead and bought one but I’m just wondering what you guys think of them? Do you like them or not? If so why? Thanks!
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  3. Treashunt

    Treashunt The Other Frank

    Well, silver is at $19.67, and they want $23.60 or a premium of $4 per ounce.

    That is a premium of 20.33% over melt.

    So, nope too high a premium for my taste.

    Then again, I am cheap.
    Unless you are a gambler, it'll take a 20% increase in melt to break even
    jb10000lakes, harrync and jamor1960 like this.
  4. Gam3rBlake

    Gam3rBlake Well-Known Member

    Im asking about the bars themselves though regardless of price.
  5. Treashunt

    Treashunt The Other Frank

    Oh, to quote Gilda Ratner:

    "Never mind".
    slackaction1 likes this.
  6. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Cast bars are really cool :) but it depends
    if this is a want item or one that you need
    I have this exact bar and I like it, but I would
    shop around to get the best price, have seen
    These just about everywhere including the bay.
  7. Gam3rBlake

    Gam3rBlake Well-Known Member

    Oh yeah price is the main factor! JMB currently has these on their weekly sale for $3.99/oz over spot and the closest I could find for other 10 oz bars was $4.29/oz over spot.
  8. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Its a pretty popular bar along with the pamp
    Susie bar very cool looking, have changed my
    focus as of late so not really buying any silver
    at the moment trying to stick with GOLD
    Modern’s at the moment.
    Gam3rBlake likes this.
  9. Gam3rBlake

    Gam3rBlake Well-Known Member

    Oh cool! Just wanted to make sure it wasn’t one of those things that is almost impossible to sell lol.

    Hey everyone likes different stuff :). I’m not really “buying” per se I just decided to add a bit after the price drop. Still saving up for a gold Buffalo though lol or a Liberty Double Eagle to go with my St Gaudens now that I got my 1921 Peace Dollar a few days ago.
  10. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Yeah, when it comes to GOLD you can’t stray
    to far off the beaten path, sticking with bullion
    based coins they will always be much easier
    to sell when you need to cash out.
    Gam3rBlake and slackaction1 like this.
  11. Gam3rBlake

    Gam3rBlake Well-Known Member

    Ah yeah with gold I only stick with the classics: American Gold Eagles & Pre-1933 gold coinage.

    I’ve never ever ever seen a dealer refuse to make a decent offer on a 1 oz gold eagle or a St. Gaudens Double Eagle. They always seem interested to me.
    mpcusa likes this.
  12. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    That’s why I like bullion ( in most cases )
    you already know what your going to get
    for it but premiums are high even on B/U
    examples, so with the economy it’s is something you need to put away for a rainy
    Gam3rBlake likes this.
  13. Mark A Williams

    Mark A Williams Active Member

    I like buying bars and rounds that are not to high priced over spot Some of the premiums asked by different dealers are over inflated! Just shop around for your best deal. Good luck.
    Gam3rBlake likes this.
  14. Hrefn

    Hrefn Well-Known Member

    Heraeus is extremely reputable. Cast bars are favored by some investors, and old or unusual ones often go for significant premiums on eBay to folks who collect them. However, it takes time and effort to sell there. There are also numerous small businesses which have attempted to capitalize on the demand for cast bars by producing their own, and selling them them at significant premiums. In my opinion, items created intentionally as collectibles tend to lose value for the original purchaser. Dealers usually do not want to pay beyond spot.
    Gam3rBlake likes this.
  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    You will find most dealers have the same items for sale, but not the same prices
    always good to do your own research to save the most money :)
    Gam3rBlake likes this.
  16. fretboard

    fretboard Defender of Old Coinage!

    Here's the only 10 ouncer I own and I only bought it because Hospital Trust is a bit rare. As far as yours goes, I don't buy much modern silver at all but if I did it probably wouldn't be a 10 ounce pillow bar, that's what I call them, some call them loafs. :) I hear there have been some really good deals around, but I'm not interested yet.

    1126376a.jpg 1126376f.jpg
    Gam3rBlake, mpcusa and rte like this.
  17. rte

    rte Well-Known Member

    Very nice,
    Each time I see you post that bar, I think the only way that bar could be any cooler would be pictured sitting with the one ounce hospital bar.

    Edited to add, OR sitting in my collection.
    Last edited: Jul 3, 2022
    fretboard likes this.
  18. rte

    rte Well-Known Member

    Blake, it all comes down to buy what you like.

    That bar is more of a new poured commercially marketed bar.
    fretboard and Gam3rBlake like this.
  19. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Really like the antique finish, that really does it for me :)
    fretboard likes this.
  20. Dynoking

    Dynoking Well-Known Member

    Poured bars are fine IMO. The brand, weight and fineness are included in the casting and they typically have a laser etched serial number on the bar, wrapped in a plastic envelope with a paper label that includes the weight, fineness, and S/N enclosed on the back of the bar and a hologram seal on the envelope. Leaving the bar wrapped may add validity (at resale) that the bar was not tampered with.
    Gam3rBlake likes this.
  21. Gam3rBlake

    Gam3rBlake Well-Known Member

    Ohh yeah see the thing that concerns me is I don’t think this is coming wrapped with a matching COA & serial number.

    I believe it’s just raw but maybe I’m wrong.

    It’s from JM Bullion though. Everyone knows they are about as reputable as online bullion buying gets.
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