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- - Englehard Premium? (http://goldismoney.info/forums/showthread.php?t=216792)

mintongr | 12-29-2007 06:18 AM
Englehard Premium? I'm new at this, But why is a premium on Englehard silver rounds?

TomD | 12-29-2007 08:17 AM
Re: Englehard Premium? I just looked and discovered around a spot + $1.00 on Engelhard 1 oz bars. That's more than has been usual, about double, but it reflects the realities of the market. A lot of people want them and the sellers can get that much. I note that the Apmex premium for Krugs has dropped from spot + $20 to spot + $15 and they are now offering only spot to purchase Krugs from the public compared to spot + $10 just a couple of weeks ago. This happened as the premium for silver products has climbed. I would guess that a lot of people are now placing their bets on silver.

AgAuGal | 12-29-2007 08:55 AM
Re: Englehard Premium? Sometimes people will pay a preimuim for a well known (reliable) mint name like Engelhard. It depends on the dealer. I usually have paid regular round price for Engelhard or maybe +.20. To me they are just 1 oz of Ag not sure why people pay more and most rounds (at least the ones you should be buying if you are in the market) have the purity and wieght stamped on the round. And when I sold them I got -.80 so I don't see great value in paying a premium for a round, no matter the name. But that might change in the future if/when the price goes up for Ag people might think it worth trying to defraud by making counterfeits. IMO

eric2075 | 12-29-2007 09:07 AM
Re: Englehard Premium? I agree except it seems like when people start making counterfeits, they will counterfeit the most desired stuff, like engelhards. Wasn't it engelhards that were filled with lead last time around? Quote:
Originally Posted by AgAuGal (Post 893733) Sometimes people will pay a preimuim for a well known (reliable) mint name like Engelhard. It depends on the dealer. I usually have paid regular round price for Engelhard or maybe +.20. To me they are just 1 oz of Ag not sure why people pay more and most rounds (at least the ones you should be buying if you are in the market) have the purity and wieght stamped on the round. And when I sold them I got -.80 so I don't see great value in paying a premium for a round, no matter the name. But that might change in the future if/when the price goes up for Ag people might think it worth trying to defraud by making counterfeits. IMO

ajrocks | 12-29-2007 09:08 AM
Re: Englehard Premium? what she said! I have seen some places selling them for a few dollars over spot. Check out ebay. They always sell for more. I have two dealers that charge their regular spread for them. One always charges .25 over spot. Another one charges .50 over spot, and another one charges a dollar over spot. Because they are name brands some people will pay more. And believe me I always buy the names when available i.e. Englehard Sunshine there are a couple of others that escape me at the moment...

goldminer | 12-29-2007 12:39 PM
Re: Englehard Premium? It may not be relevant to you but folks who are new to bullion frequently mistakenly believe that bullion items are offered at spot. A spot price on a bullion item is a deal...if it's an item you want grab it at this price. The reason for premiums is that it costs money to produce, market, insure & transport bullion items sold in primary markets, but most items are purchased in secondary markets. But regardless of whether purchased from a refinery or a down-wind dealer, everybody has to eat and pay bills and this in virtually all instances prohibits selling items at spot. Even the U.S. and other government mints don't sell bullion items for spot. Hope this helps.

RiverRat | 12-29-2007 03:30 PM
Re: Englehard Premium? :rolleyes_m: Englehard Prospector rounds have a large collector following of their own outside their basic bullion value. I've saw premiums of $5.00 or more over spot price for certain Prospector dates on eBay and the buyers were going insane bidding up the price. I remember one lucky? bidder gave something like $37.50 for a mint,sealed 1981? Prospector...he wanted it bad. Johnson Matthey,Englehard,and A Mark are the prime collectors choice of silver bullion. To my knowledge JM and Englehard no longer make commercial silver bars and rounds for the secondary market. A MARK is still in business and sells their Liberty Bell silver rounds at a steep premium. Most of the bullion dealers have got wise to the scarcity of older rounds and bar bullion from these three companies and charge premiums accordingly. :rolleyes_m::rolleyes_m::rolleyes_m:

KASHMAN02 | 12-29-2007 04:34 PM
Re: Englehard Premium? Dont forget credit suisse, ive sold bars for twice the spot value.

mintongr | 12-30-2007 01:32 AM
Re: Englehard Premium? Okay, So I should expect a higher then normal price on Englehard A-MArk J.M. Sunshine Mint and if seen at normal silver spot+premium prices, buy till I run out of funds.

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