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 Replies: 18 / Views: 4,015 |
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Pillar of the Community
United States
648 Posts |
I go in my local shop just browsing and the dealer told me he just got this 20oz Engelhard. I've never heard of that specific size so I asked to see it. I thought it was really interesting so I picked it up today. I asked him if he wanted to do an old fashioned trade (I get a slight discount). He thought about it and said sure. I gave him my watch (old Movado) and he offered $100 for it. I walked out paying $760 no tax. Question to the forum - Are these 20oz bars normal? I don't see them to often online. Thanks for any input, advice or comments.  Edited by tripncoins
04/09/2011 5:00 pm
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Valued Member
United States
314 Posts |
Engelhard came out with many oddball sizes. This bar is legit if that is your concern. A bar such as this one are certainly uncommon and usually fetch quite a premium.
I am not 100% sure, but I am fairly certain this style(poured) and size of bar were produced in the 1970's. I probably would not have left it at the shop either. Good buy.
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Pillar of the Community
 United States
2448 Posts |
I was told, once upon a time, the poured ingots were for the jewelry industry for melt and silver jewelry manufacturing. Anyone know the real reason they were poured as opposed to a nice shiny proof-like ingot?
Edited by carmykle
04/09/2011 4:08 pm
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Bedrock of the Community
United States
10982 Posts |
Most of the larger bars were poured. The shiny, proof like surfaces are from machining/polishing after pouring/cooling.
20 oz Engelhards are nice and the price was fair at $41/oz silver.
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Rest in Peace
United States
9104 Posts |
Quote:
Anyone know the real reason they were poured as opposed to a nice shiny proof-like ingot? Heck of a lot easier. Next step up the line was extruded, then struck. IIRC, California Crown Mint was the first to strike anything bigger than an ounce, in 1980. |
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Pillar of the Community
Canada
834 Posts |
Love these bars
Have a few of these in 50oz
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Pillar of the Community
United States
1424 Posts |
well, my birthday isn't until June but you can mail that sucker to me any time you are ready!  |
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Pillar of the Community
United States
1348 Posts |
I like the old school trading with the watch. Classic old west days
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Pillar of the Community
United States
3670 Posts |
Edited by Silverhawk74
04/10/2011 12:56 am
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Valued Member
Canada
442 Posts |
Nice looking bar indeed and I would'n tbe surprised if it sold for a premium!
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Pillar of the Community
United States
3670 Posts |
Yeah pretty good price it would bring, you figure 820 bucks worth of spot silver, and being nice older rare bar, good quality trusted name, perhaps a grand on ebay.... |
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Valued Member
United States
314 Posts |
They were also not nice and shiny because collecting raw silver was not very popular from a collecting/investing standpoint. Most silver bars were produced with manufacturing, and with jewelers in mind. My father worked in a factory for years making engine bearings that had silver ingots in the 25 to 100lb range. Yes, Pounds! Imagine having one of those for a nightstand.
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Rest in Peace
United States
9104 Posts |
If that bar brought $1000 with no market change, I'd be getting rid of it and putting the profit back into more ounces of non-premium silver.
Come on, it's a block of metal, not some rare collectable. Not even particularly attractive.
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Pillar of the Community
United States
1424 Posts |
beauty is in the eye of the beholder biggfredd....and I'd LOVE to be-holdin' that bar!
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Rest in Peace
United States
9104 Posts |
Rather it than 25 ounces of ATB coasters? |
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Pillar of the Community
United States
4008 Posts |
Quote:
My father worked in a factory for years making engine bearings that had silver ingots in the 25 to 100lb range. Yes, Pounds! Imagine having one of those for a nightstand. ayejay Yep. Now imagine some burglar walking right past it to take an old $50 TV or stereo.  |
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Replies: 18 / Views: 4,015 |
Posted 04/09/2011 2:22 pm
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