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Why Are Grain Bars So Expensive?

 
 
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Pillar of the Community
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Japan
549 Posts
 Posted 05/30/2019  05:50 am Show Profile   Bookmark this topic Add Half to your friends list Get a Link to this Message
Is there a community or something that collects these? 15 grains sold for 5 bucks and there is only about 40 cents of silver in the whole lot.

https://www.ebay.com/itm/US-Silver-...43663.l10137
Have a great day!

Want list: http://goccf.com/t/347082

My collections:
OFEC (One from every century) http://goccf.com/t/322232#2825498
BU Jefferson 1938-present, BU Sacajawea, Circulated US Date set 1776 - present
Pillar of the Community
United States
4298 Posts
 Posted 05/30/2019  08:17 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
Generally the problem is that the average person doesn't know weight units.
The listing says "grains" and people think "grams".
They think they're getting a bargain.
One Grain of weight is equal to 0.065 Gram.
Don't sneeze or it's gone.
Describe it as if there were no picture.
Picture it as if there were no description.
Edited by kanga
05/30/2019 08:18 am
Pillar of the Community
Canada
2801 Posts
 Posted 05/30/2019  12:42 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
The manufacturing and packaging cost per unit would certainly increase the cost of these tiny items, and if you add the eBay listing and paypal fees, it kind of gives a minimum sell price.

That being said, @kanga is right, and I think that they are preying on the ignorant. That is probably the biggest factor in the high price.

My LCS once had a bunch of 1 gram ingots they sold for $1 Canadian each. At the time they probably had 70 cents worth of silver in them. The 30 cent premium was probably a fair markup and represented a novelty value, so I got a few.

However, it is obviously a rather poor investment, and the seller is banking on the buyers making an impulse decision.
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United States
612 Posts
 Posted 05/30/2019  1:37 pm  Show Profile   Bookmark this reply Add Daves Errors to your friends list Get a Link to this Reply
I think Silver Is a odd metal to collect you pay 80 bucks for a coin that is worth 26 bucks The coin dealer's are getting rich but your NOT >>> YOU LOSE. The price of silver will never be high enough to get your money back. heck they just opened up TWO BIG Silver Ore mines. Get in to Gold and Gems. Yes collect the silver coins that have value, But silver as an Investment NAH...
Edited by Daves Errors
05/30/2019 6:58 pm
Pillar of the Community
United States
1087 Posts
 Posted 05/31/2019  2:49 pm  Show Profile   Bookmark this reply Add stud722 to your friends list Get a Link to this Reply
No to hijack this thread, but Daves Errors, where do you buy your gems from? Any reputable online places?
264 Countries and Counting!
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Japan
549 Posts
 Posted 06/02/2019  09:26 am  Show Profile   Bookmark this reply Add Half to your friends list Get a Link to this Reply
No worries about hijacking. I am kinda curious myself. lol
Have a great day!

Want list: http://goccf.com/t/347082

My collections:
OFEC (One from every century) http://goccf.com/t/322232#2825498
BU Jefferson 1938-present, BU Sacajawea, Circulated US Date set 1776 - present
Bedrock of the Community
Australia
16005 Posts
 Posted 06/02/2019  10:25 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I have never heard of a 'grain bar' for money, but
the Chinese used tea bricks for money.
(Just a play on words.)
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Canada
3679 Posts
 Posted 10/02/2019  10:01 pm  Show Profile   Check Libertad's eCrater Listings Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Generally with supply and demand: the supplier is willing to let more of the product go if the price is high in order to maximize profits. So a tiny amount to "chop off" has to be worth a supplier's time and material. You see that with "stackers" who hoard and wait for their comfort price.

Ounces are the common man's unit. Kilos are where you save on cost, but the problem is finding an end-buyer who wants a kilo.

Anyways, grains are a rip-off. Sometimes even a person's handwriting can confuse grains with grams.
New Member
37 Posts
 Posted 10/18/2019  11:48 am  Show Profile   Bookmark this reply Add Kotsr to your friends list Get a Link to this Reply
Gems? Another way to lose all ones money
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