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10 Oz RCM Bar

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BenjaminsBaby's Avatar
United States
250 Posts
 Posted 12/23/2012  2:27 pm Show Profile   Bookmark this topic Add BenjaminsBaby to your friends list Get a Link to this Message Number of Subscribers
My dealer recently had someone sell a few to him I have never heard of them...they are old hand poured he said...has anyone heard of them ....said he wud sell at 2$ over spot....do these bars carry a premium of anything such as jm or engelhards....also if anyone has a picture so I can compare that'd be great 2 as I could not find any on ebay either
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Canada
572 Posts
 Posted 12/23/2012  2:40 pm  Show Profile   Bookmark this reply Add Amaths to your friends list Get a Link to this Reply
There is one:

http://www.ebay.com/itm/ws/eBayISAP...043183.m1253

Doesn't appear to be hand poured. But you can tell they do command a nice premium. :)
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auptpdag1995's Avatar
United States
151 Posts
 Posted 12/23/2012  2:47 pm  Show Profile   Bookmark this reply Add auptpdag1995 to your friends list Get a Link to this Reply
If they pass the 'ping' test I'd snag them for that price. RCM is well known/respected, but all the well known ones have been lead filled and faked from time to time, so if you plan to buy, I suggest you test it for that high pitched ring silver makes. Here's a youtube video that shows someone testing real/fake bars.
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Canada
1723 Posts
 Posted 12/23/2012  3:32 pm  Show Profile   Bookmark this reply Add samsnate to your friends list Get a Link to this Reply
The RCM never made hand pours in the 10oz size that I know of....The have the stamped bars in which case buy one for you and 1 for me. I've been wanting to get one. Send me a PM.

The link that Amaths posted is an isolated case. I have talked to that seller about buying his bar. I'm surprised it sold for what it did. Must have been bought by a hard core collector. During our conversation he said that the highest he was offered after many months up, and 33 offers later was 525. So you can bank that at today's prices you can sell for 500 each. Great deal if your seller has this same kinda of bar and again, Get one for me! PM ME!
Edited by samsnate
12/23/2012 3:36 pm
Valued Member
BenjaminsBaby's Avatar
United States
250 Posts
 Posted 12/23/2012  3:43 pm  Show Profile   Bookmark this reply Add BenjaminsBaby to your friends list Get a Link to this Reply
No it was not like that ebay listing...it looks hand poured and had a RCM logo stamped right in the middle...i think ill try and pick it up later tonight if he still has it and post a pic for you all to see wat exactly it is
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bpoc1's Avatar
United States
4078 Posts
 Posted 12/23/2012  3:45 pm  Show Profile   Bookmark this reply Add bpoc1 to your friends list Get a Link to this Reply
Interesting. With the "ping" test their are a lot of variables to consider. Just holding the screwdriver different or position on the table. Would like to see what others think.
Thanks for sharing.
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Fat Freddy's Avatar
United States
1200 Posts
 Posted 12/23/2012  3:47 pm  Show Profile   Bookmark this reply Add Fat Freddy to your friends list Get a Link to this Reply
.....with samsnate..... I don't believe RCM ever did poured 10oz bars.

Nevertheless, RCM 10oz bars for $2/oz over spot isn't a bad deal.
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Canada
1723 Posts
 Posted 12/23/2012  3:49 pm  Show Profile   Bookmark this reply Add samsnate to your friends list Get a Link to this Reply
I would like to see this bar for sure. I'm a bit worried because I have never heard of a 10 oz RCM pour. But then again, if it wasn't for the fact that I own some RCM 1oz bars, I wouldn't know they exist either....no info on the Internet at all that I can find and I've spend hours looking for it. You may have found something even more special.

I'm curious if poboxw or swbxxx might have an answer for us.
Edited by samsnate
12/23/2012 3:52 pm
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swrbxxx's Avatar
Canada
834 Posts
 Posted 12/23/2012  4:14 pm  Show Profile   Bookmark this reply Add swrbxxx to your friends list Get a Link to this Reply
From my understanding the Royal Canadian Mint made
1oz pressed 10oz pressed and 100oz pressed bars.
in 1988 the Silver maple leaf started being produced and the RCM only minted 100oz poured bars after that.

Now I'm not doubting that they may have made poured bars. I'd love to see some pictures and the stamp marks, as this may be legit or a fake.
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poboxw's Avatar
Canada
1502 Posts
 Posted 12/23/2012  4:37 pm  Show Profile   Bookmark this reply Add poboxw to your friends list Get a Link to this Reply
i agree with swrbxxx. I've seen, bought, and handled multiple 10oz RCM silver bars. I don't know if they were poured or not because the majority are fairly regular in shape, but the ones I have handled do have rounded corners, stamped lettering, and are more of a square loaf shape then a rectangular bar shape. They are early 80s products and are 999 pure as oppose to 9999. There are collectors of these RCM bars and then tend to sell for a pretty penny above spot. +$2/oz is a very good price IMO.

On second thought, even the most recent of the RCM 100oz bars are technically poured and not pressed I believe. The process is refined but it's still a pouring process as oppose to the process that produces the newer square Engelhard 100oz-ers.

Also, the ping test is really unreliable. Held the right way, I can make a lump of silver sound like lead or a silver clad lead bar ring like solid silver.
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Canada
1723 Posts
 Posted 12/23/2012  4:55 pm  Show Profile   Bookmark this reply Add samsnate to your friends list Get a Link to this Reply
Thanks to the last 2 posters for chiming in. Makes me want to see pics of the bar even more.
Edited by samsnate
12/23/2012 4:56 pm
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bpoc1's Avatar
United States
4078 Posts
 Posted 12/23/2012  4:59 pm  Show Profile   Bookmark this reply Add bpoc1 to your friends list Get a Link to this Reply

Quote:
Also, the ping test is really unreliable. Held the right way, I can make a lump of silver sound like lead or a silver clad lead bar ring like solid silver.

The sound test is also used for fine crystal (sp) glass. I believe.
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Windchild's Avatar
Canada
1411 Posts
 Posted 12/23/2012  5:01 pm  Show Profile   Bookmark this reply Add Windchild to your friends list Get a Link to this Reply
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poboxw's Avatar
Canada
1502 Posts
 Posted 12/23/2012  5:48 pm  Show Profile   Bookmark this reply Add poboxw to your friends list Get a Link to this Reply
As requested

10-Oz-RCM-Bar
10-Oz-RCM-Bar
10-Oz-RCM-Bar
Pillar of the Community
Canada
1723 Posts
 Posted 12/23/2012  6:30 pm  Show Profile   Bookmark this reply Add samsnate to your friends list Get a Link to this Reply
ohhh I want one of those bars
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auptpdag1995's Avatar
United States
151 Posts
 Posted 12/23/2012  9:05 pm  Show Profile   Bookmark this reply Add auptpdag1995 to your friends list Get a Link to this Reply

Quote:
Also, the ping test is really unreliable. Held the right way, I can make a lump of silver sound like lead or a silver clad lead bar ring like solid silver.

What exactly are you basing that on? Although there are of course more accurate ways to test silver that are well known and should be employed if the suspected bar doesn't 'ping', the ping test is a quick/easy no-brainer for starters. I know in some cases real silver doesn't ping easily, but if struck under the right conditions (suspended or otherwise unobstructed) it should, and I've never known a fake silver bar to have the high tone long resonance ping like solid silver in my 30 plus years of handing A LOT of silver bullion including more than a few fakes. I should probably note that my senses are unusually acute...
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