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Looking For My First 5 Oz Bar

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Valued Member

United States
112 Posts
 Posted 08/19/2014  9:04 pm Show Profile   Bookmark this topic Add Vesper to your friends list Get a Link to this Message Number of Subscribers
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
 Posted 08/20/2014  6:04 pm  Show Profile   Bookmark this reply Add Vesper to your friends list Get a Link to this Reply
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.
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Libertad's Avatar
Canada
3692 Posts
 Posted 08/21/2014  12:10 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
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
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welder's Avatar
United States
1037 Posts
 Posted 08/21/2014  12:11 pm  Show Profile   Bookmark this reply Add welder to your friends list Get a Link to this Reply
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
Fusion555's Avatar
United States
269 Posts
 Posted 08/21/2014  1:23 pm  Show Profile   Bookmark this reply Add Fusion555 to your friends list Get a Link to this Reply
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
 Posted 08/21/2014  1:50 pm  Show Profile   Bookmark this reply Add Vesper to your friends list Get a Link to this Reply
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
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Libertad's Avatar
Canada
3692 Posts
 Posted 08/22/2014  12:09 am  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
These 4 are my first silver bars ever, it's what kick-started everything. I originally bought 4, then came back the same day for 1 more. At the height of the silver craze 2011 I sold one of these for what I thought was a good price. Remember that you'll never be able to guess the top. Once it hit $40 I thought that was enough to take some profit and convert it into gold. I don't sell much because I don't need to. Beware, don't ever get attached to your metal because it's only that: metal. It's almost like the saying, "buy the coin not the holder", well it's the same with bullion. My bullion is ugly. I love cast bars - they have this texture that is very pleasing - that Monarch 10ozt bar is almost camouflage from its reflectiveness; I'd hate to lose that piece in a patch of tall grass.

Looking-For-My-First-5-Oz-Bar

Looking-For-My-First-5-Oz-Bar

Looking-For-My-First-5-Oz-Bar

Looking-For-My-First-5-Oz-Bar

Looking-For-My-First-5-Oz-Bar

That "coin" is from Bermuda, 5 ounces troy, 1992. The others are 10 ouncers. I put an Ike next to them for size comparison.
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tkbslc's Avatar
United States
1158 Posts
 Posted 08/22/2014  02:26 am  Show Profile   Bookmark this reply Add tkbslc to your friends list Get a Link to this Reply
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
 Posted 08/22/2014  11:34 am  Show Profile   Bookmark this reply Add Vesper to your friends list Get a Link to this Reply
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.
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tkbslc's Avatar
United States
1158 Posts
 Posted 08/22/2014  12:11 pm  Show Profile   Bookmark this reply Add tkbslc to your friends list Get a Link to this Reply
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
 Posted 08/22/2014  1:02 pm  Show Profile   Bookmark this reply Add Vesper to your friends list Get a Link to this Reply
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!
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