| Author |
Replies: 10 / Views: 1,865 |
|
|
Valued Member
United States
112 Posts |
So I've been holding back for some time on bullion purchases, but just jumped back in a bit to purchase some world NCLT world coins I've had my eye on. I'm personally in a buying mood at these sub $20 silver prices and have decided to get my first silver bullion bar in a 5 oz size ,
So I'm not a total newbie and get the value of the JM ans Engelhard bars. I'm wondering though and looking for a bit more information on the walking liberty design from the Highland Mint. I also am a fan of rarity and numismatics, so this isn't necessarily a straight bullion purchase. Any advice?
Thanks for your help in advance!
Vesper
|
|
|
|
Valued Member
 United States
112 Posts |
So I am debating between either the 5 oz Highland Mint "walking liberty design" or a 5 oz Engelhard struck bar.
The Engelhard bar has a significant premium... I do love the walking liberty design too. If I go with Highland Mint, I'll be looking for a JM or Engel next for sure. Just not sure how liquid the HM bar will be if/when I'll want to sell.
|
|
Pillar of the Community
Canada
3692 Posts |
Can you tell the genuine artivle from the fake? If you can, buy the lower premium bar. If you can't, sleep well with Engelhard or J&M. Also, who are you going to ultimately sell it to? A collector who pays for a brand name or a refiner who sees bullion for what it is.
My first 5 ounce bars were Engelhard btw, at exactly these prices exactly 4 years ago. At that time I was really convinced that silver spot price would rise, do you feel that today? I buy very sparingly these days and I don't actively seek it out anymore, I have everything I need.
Edited by Libertad 08/21/2014 12:13 pm
|
|
Pillar of the Community
United States
1037 Posts |
IMO, I would buy a 5oz ATB coin. The bullion will be a little cheaper than the P-mint marked collectors version. They have lower mintages and should hold their value a little more than a bullion bar. in 2012, I sold all my generic bullion bars to buy bullion coins like the ASE, SML, and ATB's. One other caveat, there seems to be a flood of counterfeit gold and silver bars on the market so be careful and buy from a reputable dealer.
|
|
Valued Member
United States
269 Posts |
The last few 5 oz engelhard struck bars sold on ebay have gone for around $150 which in my opinion is a steal, keep your eye on ebay and as someone else said, buy from reputable dealers if possible
Edited by Fusion555 08/21/2014 1:25 pm
|
|
Valued Member
 United States
112 Posts |
Thanks for the responses everyone! I have been leaning toward the Engelhard 5 oz available from APMEX. It is around the same price is what ebay sold listings are going for. Been doing a bit of research and the highland mint seems pretty legit with their bullion even though they specialize in professional sports coins and trophies. I don't really foresee the moment when I will want to sell... I am young and plan and buy only things I can afford and wish to keep indefinitely. However, the ability to resell is important just in case. The resell market seems nonexistent for the highland mint 5 oz walking liberty. I do really like the bar and may pick one up one day, but for my first 5 oz I think I'm feeling the Engelhard. And as for the ATB... Will be getting one of those too, hopefully soon :) Thanks again, Vesper
|
|
Pillar of the Community
Canada
3692 Posts |
|
|
Pillar of the Community
United States
1158 Posts |
I'd probably lean toward the ATB 5 oz round, too, since you said it's not a pure bullion buy.
|
|
Valued Member
 United States
112 Posts |
Libertad, the is for the pics. I think one of the reasons I'm going for a bar is so that if I ever DO want to sell some silver a bar would be an easier option and nice to have if that time comes. However, I do want some ATB 5 ozs added sometime to my collection. I just know that I'll pick ones of parks I actually have been to, then those will become too sentimental and very hard for me to sell. But, those will be numismatic purchases and ones I really want to keep for a long time.
|
|
Pillar of the Community
United States
1158 Posts |
I don't see how a generic or regional minted bar would be easier to sell than a recognizable US Mint product. But I definitely don't think a bar is going to be worth more because it was struck with a replica of a Morgan dollar or buffalo symbol or whatever. If you don't get a "real" coin like the ATB, then I'd just get the cheapest chunk of silver you can find per ounce because the only value is the metal.
|
|
Valued Member
 United States
112 Posts |
I'm a big fan of the current ATB program and will be looking to add some of the 5 oz coins to my collection. I have personally visited a few of the national parks that are represented and look forward to picking them up one day, hopefully soon. However, I find them beautiful and wouldn't want to let them go for personal sentiment. They are something I will want to keep for a long time, even though they may be easier to sell a certified us mint product. I went ahead and purchased a 5 oz JM bar. Engelhard was not available at the time. They seem to be selling out fast at the 5 oz weight. Anyway, I decided agaisn't the highland mint bar. I do find it to be attractive, but opted for the JM bar. As it is no longer minted at that weight since the 1980s, it seems to be a solid choice being recognizable and easy to sell with a certain accepted collectibility attached to it. Thanks again for all the replies, I'll do my best to get up pictures when I have it!
|
| |
Replies: 10 / Views: 1,865 |
|