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 Replies: 15 / Views: 2,362 |
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Valued Member
United States
98 Posts |
have following choices in purchasing generic silvers (no design) - OPM - Silvertown - Sunshine - APMEX- JM Engelbert (sp?) which would be more better for resale down the road? is round coin better for resale than silver bullions? thanks |
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Pillar of the Community
United States
4691 Posts |
Shouldn't make any difference. Go with the best price regardless of design or configuration. Afterall you are just buying it for silver anyway.
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Valued Member
United States
68 Posts |
I would go with the Engelhard, and JM bars. They seem to have a higher resale than generic, and carry a bit of premium.
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Pillar of the Community
United States
1037 Posts |
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Pillar of the Community
United States
4212 Posts |
JM Engelbert
I never pass on a humperdink
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Valued Member
United States
269 Posts |
Quote:
Shouldn't make any difference. Go with the best price regardless of design or configuration. Afterall you are just buying it for silver anyway. To see this statement come from a long time member here saddens me. You are saying that if there were 2 Bars for sale, a 1 oz silvertown Bar and a 1 oz Engelhard Australia Bar, and the silvertown bar was $1 cheaper than the Engelhard Bar you would buy that over the Engelhard Bar? MMMM I doubt it, if you did say yes you need to study up on so called "Generic" Silver before you give advice on it. |
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Pillar of the Community
United States
3843 Posts |
Quote:
I would go with the Engelhard, and JM bars.  If given a choice between generic and a Engelhard I would choose the Engelhard. Edited by Joe2007
09/29/2014 2:28 pm
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Valued Member
United States
269 Posts |
So joe2007, I ask you the same question, what if the Engelhard Australia Bar was $1 more? or $10 more? which would you buy?
Ah joe, you edited out "if they were both the same price"
Edited by Fusion555
09/29/2014 2:31 pm
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Valued Member
United States
269 Posts |
To answer the OP's question
Engelhard and JM always bring a premium over truly generic bars or rounds.
But having said that, you need to investigate every purchase you make, for example, Engelhard once made Bars for Silvertown and those Bars now command a heavy premium, older JM bars bring much more that the newer ones.
The example I made above about Engelhard Australia bars is because the minimum paid recently for one of those 1 oz bars was $200 and thats after this recent downturn
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Pillar of the Community
United States
3843 Posts |
Quote:
So joe2007, I ask you the same question, what if the Engelhard Australia Bar was $1 more? or $10 more? which would you buy?
Ah joe, you edited out "if they were both the same price" I'm mostly a coin guy and dabble a bit in PMs so I'm probably not the person to ask about rarities/collectable bars. However I know that Engelhard Australia bars haven't been produced for some time and are scarce so if I was in a shop and couldn't access the internet to do some research I'd be willing to take a bit of a risk. I don't think that a $10 premium for something that you know isn't common is much of a risk. I always try to pick up Engelhard/JM bars when I can, since a few dealers in my area price them the same as their other silver. |
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Valued Member
 United States
98 Posts |
Ok. It looks like Engelhard and JM silver bullions carry better resale value than other generic silver producers such as OPM, Silvertowne, etc. What is good range of premium amount that you have to pay for current Engelhard & JM vs generic ? Is it $1-$3 over spot ? or more ? Reason I'm asking is that ASE, Maple Leafs, Austrian silvers usually have premium of $2-$6 per over spot. Wouldn't these be better value if current Engelhard & JM silver bullions have same premium over spot prices ? Thanks. Edited by Peacesilver
09/29/2014 6:45 pm
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Valued Member
United States
269 Posts |
Quote:Ok. It looks like Engelhard and JM silver bullions carry better resale value than other generic silver producers such as OPM, Silvertowne, etc. What is good range of premium amount that you have to pay for current Engelhard & JM vs generic ? Is it $1-$3 over spot ? or more ? Reason I'm asking is that ASE, Maple Leafs, Austrian silvers usually have premium of $2-$6 per over spot. Wouldn't these be better value if current Engelhard & JM silver bullions have same premium over spot prices ? Thanks. I wont try to talk about ASE's Mapel's ect as I know nothing about them, also I'm not a JM collector, but I can talk about Engelhard prices. Right now you will be hard pressed to pick up the cheapest Engelhard 1 oz (probably a 1985 prospector) for less than $23, I would say the majority of the 1 oz rounds and bars have a $27/oz price. Then we get into the low mintage stuff, $35 to over $1000 an ounce (just look up a 4 oz or a 7 oz Engelhard bar if you dont beleive this) |
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Valued Member
United States
60 Posts |
Are you stacking or collecting? I normally separate the two. I stack generic silver for a buck or less in premium but when it comes to collecting, the premium are usually pretty steep, DYODD
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Valued Member
United States
98 Posts |
I'm planning to stack them since "collectible" silver bullion carry way too high premium over spot for me.
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Valued Member
United States
98 Posts |
Just did a quick look at APMEX website for Engelhards. They are very high in premium over spot... Also looked at JM silver bars at JM Bullion. It was more expensive than Britannia... It seems that Engelhards and JM silver bars carry more premium over spots than ASE, Maple Leaf, etc. Must be very collectible silver bars for Engelhards & JM. |
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Valued Member
United States
68 Posts |
Depends on there bar. some of the bars are really rare and carry quite a high premium. I have seen 3 oz bars go for hundreds of dollars, while most carry about a $6-$10 premium. Also both companies are known world wide, so more buyers. Simple supply and demand.
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Replies: 15 / Views: 2,362 |
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Posted 09/29/2014 08:48 am
