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 Replies: 16 / Views: 2,218 |
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Pillar of the Community
1283 Posts |
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Pillar of the Community
United States
2764 Posts |
It's a very nice bar and they know how to capitalize on it.... "This bar is very rare, Serial # 173! Amazing 40.20 oz of 999.75 FINE Silver!"
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Pillar of the Community
United States
4008 Posts |
Rare? It just might be. On the other hand, it IS 40 oz. of silver, currently worth about $1350. Not being a collector of rare items, I would rather have 40 ASEs or Maples and the rest as change.  |
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Pillar of the Community
United States
5853 Posts |
Quote:
I would rather have 40 ASEs or Maples and the rest as change.  The funny thing is that the whole reason I started buying silver bars in the first place was because the premiums (n the 100-ounce bars, at least) were so much lower than the premiums on ASEs or Maples. I'll admit the bars I've purchased have grown on me a bit, especially the older hand-poured ones, but I still don't see any point in paying anything extra just because a particular block of silver happened to be poured 80 years ago instead of last week. |
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Pillar of the Community
Mexico
1304 Posts |
I really like the look of this one. It looks more like a true "bar" than a "loaf" though it is hard to tell from the angle of the photos (bars having parallel sides vs loafs having a tapered side and rounded edges).
What really gets me is the 3/4. There standing behind the 999 is an extra 3/4 thrown in for good measure.
Oh, and that is a bit of a premium.
Edited because I can't spell worth a lick.
Edited by harrison2
09/26/2012 10:20 pm
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Bedrock of the Community
13014 Posts |
In 50 years that could be a great deal. But I agree it looks nice but not a chance with that premium
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Pillar of the Community
United States
648 Posts |
TBK - I know me and you have done plenty of PM transactions - but dang, that bar is way over priced and over-rated. Sorry bud - not feeling it!
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Pillar of the Community
Canada
677 Posts |
We all know darn well they did not pay $150 per oz for it. It looks like they might have it for a while.
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Pillar of the Community
Canada
834 Posts |
If it was not grossly overpriced I would jump all over that bar.
I recall seeing these in smaller sizes also
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Valued Member
United States
117 Posts |
Without looking at the price, it's a very nice looking bar. Like someone else said, has that very old look. And being someone that loves looking at cool bars, it's something new to me, so it grabs my attention really quick.
Then I calculate the price on my computer calculator and realize its $198.88 PER OUNCE! Suddenly, it's a normal bar with an ugly price tag.
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Pillar of the Community
United States
3670 Posts |
Real cool bar, 200 per is madness however, lol....
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Moderator
 United States
14463 Posts |
buying from the same company, you can get two 100 oz JM bars for about $700 less  Edited by Fuzzy317
09/26/2012 10:33 pm
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Valued Member
United States
376 Posts |
Apmexs dimensions on that bar don't seem right for 40oz  |
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Pillar of the Community
 1283 Posts |
In case some didn't get what I was saying. I would never actually purchase this Though I would pay a considerable premium to spot for rare item. I would never pay $200 per for a bar. It is just hella cool IMHO. I remember when I first started looking at this site probably 18 months ago a man was telling a story about a 1000 oz bar he found while yard sailing that was also from US Assay Dept. I love american history and to me nothing says American History like this bar does. Obviously this is just my opinion and carries no weight to some.
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Bedrock of the Community
13014 Posts |
I definitely understand paying premiums for rare items, I guess where I may differ is I dont understand it for bars. With minted coins theres laws regulating the number and when they can be produced. Once 2012 passes 2012 coins cant be minted. With private bars they can fire up the line again any time they want to or someone else can buy the rights to make more. They can even put whatever numbers they want on it, they can literally just do whatever they want
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Pillar of the Community
1283 Posts |
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Replies: 16 / Views: 2,218 |
Posted 09/26/2012 4:10 pm
