Rarity factor of 1/2 oz Engelhard Gold Prospector
 

Just scored a 1/2 oz Engelhard Gold Prospector for $525, and Im wondering how rare they are. I havent but one auction on Ebay which ended on the 19th September.The only problem with it is that it is scratched due to it being 24KT.

Was it a good score for $525???? Anybody got more information on them. The picture is below...not bad I think

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

I think that is a very good score IMO especially with gold at $1007/oz. I believe those are rare gold Engelhard prospectors but I could be wrong on that since I am not as knowledgeable on rare gold coins. It is a rare for me to see a fractional gold prospector locally.

EDIT: I do not think that there is a "Rarity" value on fractional gold Engelhard Prospectors.

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

The scratches indicate a jewelry worn piece worth 96% melt to a refiner.

During the big melts of 1980-81...lots of things much more interesting than a damaged half ounce bullion piece were torched....


Do not put much stock in "rarity" value of bullion...it is just that, "Bullion"

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

Demand and scarcity drive price, not coin type.

It makes no difference if it's bullion or numismatic.

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

Do you HONESTLY believe that statement?

Show me non Ebay auction records on Engelhardt half ounce gold bullion with scratches, versus say a PCGS MS 65 Brilliant Unc 1928 Philadelphia Peace dollar....I will make it easier yet.....just the non - ebay auction records of the Engelhardt half ounce gold piece...

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

Good Snag Manny, I would have bought it for that price. I've never seen an engelhard gold coin in person and even scratched people like engelhard pm's and always pay more for them, just look at apmex or ebay.:ok:



Irons, who wants e-gold too

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

Maybe worth more than that to someone out there:ok:

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

I wonder if there is any way to make the scratches less noticeable. In actuality I did not pay $525 for it.

Let me break it down to you guys and show you how I actually got this Engelhard for about $389.

Sold 7 rolls of 2009 P Nickels- $140
2% Ebates Cashback- approx $10.70
Subtract $14 for rolls

So there you go...1/2 oz at almost 24% discount to current spot.

I sell 50 rolls of nickels and I can essentially buy 1 oz of gold for $100

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

I go to my local banks and ask them if they have rolls of 2009 P dimes and they don't even know what they are, then they head to the back and come back and say nope.

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

That seems to be the case for a good amount of the states. Nickels and dimes are still scarce and there has not been one single dime or nickel from Denver mint up for auction this year.

Ive been selling rolls of dimes and nickels for months now and I have been building up my stash quite nicely from the sale of those. I mean there is no way to buy 1 oz of Gold for $100 face of new nickels but thats what Ive been doing

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

Yes, I do honestly believe that.

I'm not sure where your going to auction anything besides Ebay. Ebay is the world's marketplace for coins, if you want top dollar. If you don't know any better, you might use another site.

As for examples, how bout the modern 2009 UHR's or 2008-W buffalos, or the 2006-W reverse proof $50 eagle. All of those are technically bullion, but good luck getting one at spot. Especially the buffalo's, those are more like 3X spot.


Demand and scarcity is what drive price, not coin type.

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

I have to agree with the demand and scarcity comment. Im really looking forward to receiving the prospector even though it may be a bit scratched. They are rarely seen and not many come up for auction. I think it may have been due to the fact that many were melted coupled with a lmited mintage of 1 or 2 years.

i'd like to find more info on it, perhaps mintage numbers or years they were made. Is there any website dedicated to Engelhard and past products.

Even scratched i think it was a good deal on a very cool Engelhard product

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

Glad mine was still in the assay card. My one and only mishap with APMEX was over 1/4 oz one that never arrived. Couple months ago they had a 1/10 oz but I knew better than try to get it. HH Mark
http://i47.photobucket.com/albums/f1...598_edited.jpg
http://i47.photobucket.com/albums/f1...n/DSCN1602.jpg

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

very Cool ME CO...I wish mine was still on the card but being a recognizable name I dont think Ill have problems when it comes to sell. Ive heard in some sites that gold prospectors were only made in 82+83 so there cant be too many out there.

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

nice pic too. did you use a scanner or a digital camera ?

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

That was actually the photo provided on the auction

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

Just got it in and it has a lot less scratches than what was shown in the picture. Very pleased with it especially since i got it for about 26% below current spot

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

Glad its nicer than it looked. Let ME know when your ready for a big one. HH Mark

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

i should be receiving an engelhard platinum round shortly....ever see one of those??

i will post a scan when i receive it.

i havent seen a picture of it yet but dont think it is inside any sort of assay card.

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

Huh??? Do those really exist? Ive seriously never heard of them

Well unless you want to trade 50 rolls of 2009 P nickels then Im afraid I wont be ready anytime soon.

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

I'd trade for 60 silvers but your gonna have to sell the nicks yourself haha. HH Mark

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

As promised here is a better pic..still not up to what i would like it to be but im still practicing with coin photgraphy

Re: Rarity factor of 1/2 oz Engelhard Gold Prospector
 

Very nice, you did well.