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Old Fashon Style Loaf Engelhard Silver 50 Oz Bar

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Pillar of the Community
Liverpool's Avatar
Canada
576 Posts
 Posted 04/09/2014  10:14 am Show Profile   Bookmark this topic Add Liverpool to your friends list Get a Link to this Message Number of Subscribers
The local shop as two old fashon style loaf engelhard silver 50 oz bars for $1200 Canadian each. He's a good guy and wold most likely negotiate. Currently he is asking ($24.00 an ounce).
I pay more per ounce for maples and ASEs, does this bar have any collectable value on top of the silver value?
thanks
Liverpool
Valued Member
Fusion555's Avatar
United States
269 Posts
 Posted 04/09/2014  10:47 am  Show Profile   Bookmark this reply Add Fusion555 to your friends list Get a Link to this Reply
There are only 2 for sale on ebay, 1 is $1,999.99. the other $3,497.00 thats not to say they will sell for that price, either way I would say $23 US/oz is a good deal for an old Engelhard.
I recently bought a 10oz Engelhard from my local for just under $24/oz after taxes.
Pillar of the Community
Fat Freddy's Avatar
United States
1200 Posts
 Posted 04/09/2014  4:56 pm  Show Profile   Bookmark this reply Add Fat Freddy to your friends list Get a Link to this Reply
If it's a poured Engelhard 50oz (not the more recent cast variety), that's an OK price. The 50's are a lot less common than the 100's and the poured 50's are
rare within the realm of the 50's. If it's one of the early Canadian pours with the "bull' or "horns" logo on it, I'd consider it to be a no-brainer "grab them both
and run" situation, but... I'm prejudiced because I have a bit of an Engelhard problem. I'm currently in 12-step outpatient treatment for my problem and
they're telling me the prognosis for my recovery is not good.

As for collectible value beyond silver value---IMO, definitely. Moderately so if they're poured and definitely more so if they're "bull" or "horns" logo pours. If and
when you go to resell, it may not be the quickest or easiest sale that ever was, but there are enough Engelhard aficionados that it should work out well for you.

You won't make a fortune flipping these, but you won't get hurt and IMO you should definitely do OK. Good luck with it.
Pillar of the Community
Liverpool's Avatar
Canada
576 Posts
 Posted 04/09/2014  5:21 pm  Show Profile   Bookmark this reply Add Liverpool to your friends list Get a Link to this Reply
Fusion555, Fat Freddy.......Thank you for taking the time to share your knowledge with me.

I'll check in with the dealer tomorow to check for horns. I've flipped the odd NCLT but I have a hard time getting rid of bullion. With silver on it's way down it will be a long term buy and hold.
Respect,
Liverpool
Valued Member
Fusion555's Avatar
United States
269 Posts
 Posted 04/10/2014  9:15 pm  Show Profile   Bookmark this reply Add Fusion555 to your friends list Get a Link to this Reply
Did you buy them? if so we need pics
Pillar of the Community
Liverpool's Avatar
Canada
576 Posts
 Posted 04/11/2014  1:19 pm  Show Profile   Bookmark this reply Add Liverpool to your friends list Get a Link to this Reply
I didn't get over today,kids, work...... it's a gamble but I will not be on that side of town until a week from today. I'll let you know what I find out and there will be pictures if I buy one.
cheers
Liverpool
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