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Massive Old Brick Of Gold! 400 Oz On Stacks

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MrPink2018's Avatar
United States
2456 Posts
 Posted 12/16/2024  6:11 pm  Show Profile   Bookmark this reply Add MrPink2018 to your friends list Get a Link to this Reply

Quote:
How many months of bicycle riding do you think it might take?


probably too many, but I wasn't thinking of a bike ride to obtain it.

anyone ever see Ocean's 11?

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NumisEd's Avatar
United States
5177 Posts
 Posted 12/16/2024  9:57 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
"A massive 400+ ounce 1935 U.S. Assay Office at New York gold ingot sold for just a hair under its bullion "melt" value, realizing $1,020,000 on Nov. 19."

https://www.coinworld.com/news/auct...e-gold-ingot

Disappointing sale.
Edited by NumisEd
12/16/2024 9:57 pm
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jbuck's Avatar
United States
187446 Posts
 Posted 12/17/2024  08:43 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
anyone ever see Ocean's 11?
Yes. And Twelve. But Thirteen was the best one. "You shook Sinatra's hand. You should know better."
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jbuck's Avatar
United States
187446 Posts
 Posted 12/17/2024  08:44 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
"A massive 400+ ounce 1935 U.S. Assay Office at New York gold ingot sold for just a hair under its bullion "melt" value, realizing $1,020,000 on Nov. 19."


Quote:
Disappointing sale.
A bargain for the buyer. Volume discount?
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NumisEd's Avatar
United States
5177 Posts
 Posted 12/17/2024  09:42 am  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
Make gold planchets out of the bar and produce a few more Flowing Hair medals. Charge double and rake in the profits.
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jbuck's Avatar
United States
187446 Posts
 Posted 12/17/2024  09:45 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Make gold planchets out of the bar and produce a few more Flowing Hair medals. Charge double and rake in the profits.
Valued Member
Canada
128 Posts
 Posted 12/19/2024  09:16 am  Show Profile   Bookmark this reply Add sbr to your friends list Get a Link to this Reply
I think everyone who wanted gold in North America has gotten it now .Costco has been selling hard for over a year now which gets it to the average person who is not a dyed in the wool gold bug. Reports are hinting most of the buying is now coming from overseas. It needs a consolidation phase here now for a while to digest the gains. (My guess anyways)
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TimNH's Avatar
United States
416 Posts
 Posted 12/30/2024  7:15 pm  Show Profile   Bookmark this reply Add TimNH to your friends list Get a Link to this Reply

Quote:
A bargain for the buyer. Volume discount?


What about the seller, does this include the typical 20% buyer's premium? If so, poor dude netted less than 80 cents on the dollar.
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Portugal
655 Posts
 Posted 12/31/2024  12:04 pm  Show Profile   Bookmark this reply Add jecz79 to your friends list Get a Link to this Reply
Thank you for the update on the final price. It looks bad for the auction house. That was why they hid it.

Repeating myself. Why do people put up bullion for auction and pay commissions on the melt value? Gold is gold. Few coins and even fewer bars have historical value and rarity. All modern commemorative are bullion. Some have nice deigns and we collect them but their value is bullion.
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