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What makes certain bullion worth more then others?
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<p>[QUOTE="SCFY, post: 1783147, member: 55116"]I get the concept of rare or older bullion being more valuable so I will not start this topic off with why is Engelhard worth more. Thats a given considering its not made anymore. That leads me to the question why are other silver bullion names more popular then others?</p><p> </p><p>Lets go through some of the names. You have Johnson Matthey as one example that always seems to carry a higher premium. Then you have a name like Silvertowne who not as many people put in that same category when it comes to popularity. Is it about the design, is it about the reputation? You have NTR/OPH which many consider to be a generic name. The point is if I am correct is that all the silver I named has the same thing going. They are all .999 pure silver bullion.</p><p> </p><p>So what makes a world coin that is 1 oz of silver cost $20 more over spot for example then another? What's the old saying, it's only worth what people are willing to pay for it .... So how did certain names become more wanted then others? Ever watch pawnstars, ever notice that Rick always asks the people who are selling how did you come up with that price? The answer is always well I see them selling for a specific price online. Ever here his answer??? Is that the price it sold for, or is that the price they are asking for. Same point is made with this when it comes to deciding what silver should be worth.</p><p> </p><p>Ok, this was my ramble for the day, but in all seriousness, you have to wonder who determines the market value...???[/QUOTE]</p><p><br /></p>
[QUOTE="SCFY, post: 1783147, member: 55116"]I get the concept of rare or older bullion being more valuable so I will not start this topic off with why is Engelhard worth more. Thats a given considering its not made anymore. That leads me to the question why are other silver bullion names more popular then others? Lets go through some of the names. You have Johnson Matthey as one example that always seems to carry a higher premium. Then you have a name like Silvertowne who not as many people put in that same category when it comes to popularity. Is it about the design, is it about the reputation? You have NTR/OPH which many consider to be a generic name. The point is if I am correct is that all the silver I named has the same thing going. They are all .999 pure silver bullion. So what makes a world coin that is 1 oz of silver cost $20 more over spot for example then another? What's the old saying, it's only worth what people are willing to pay for it .... So how did certain names become more wanted then others? Ever watch pawnstars, ever notice that Rick always asks the people who are selling how did you come up with that price? The answer is always well I see them selling for a specific price online. Ever here his answer??? Is that the price it sold for, or is that the price they are asking for. Same point is made with this when it comes to deciding what silver should be worth. Ok, this was my ramble for the day, but in all seriousness, you have to wonder who determines the market value...???[/QUOTE]
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What makes certain bullion worth more then others?
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