Here is another, this for J&M& Mallory poured bars for $5,600 so $28 an Oz or 11 bucks over so that's 64.71% premium. APMEX is asking spot plus $1.50 so the "serial premium is $8 bucks over spot. In the center of the bottom inscription field, youll find the individual serial number for the bar in a six-digit numeric code. Arranged horizontally across the bars obverse surface, the inscriptions include the Engelhard name across the top with the purity and weight at the bottom. With spot at $17 per Oz, he is asking $26.50 or $9.55 over spot - that right there is a 56% premium. On the obverse of the 100 oz Engelhard Silver Bar, youll find the only engravings. This guy on ebay is asking $2,650 for two bars, just like mine. Below are a few ways to identify counterfeit silver bars. Chinese manufacturer have produced counterfeit silver bars from a number of mints including Johnson-Matthey, Engelhard, Sunshine, NWT & Pan American. Verifying authenticity is undoubtedly the single most important aspect of investing in precious metals.
It is of interest to note the casting mould of this variety is identical to the Engelhard 4th series ‘P’ example as demonstrated in the photos presented below. Search Categories Our Mission Funny Fakes How to detect fake: Silver Bullion Bar. I was very surprised to see many old bars and rounds from the 1980's selling well over spot.
The company was founded in 1902 in New Jersey and originally focused on platinum smelting and refining before growing their product assortment to include gold and silver bars. When I was in high school (many decades ago) and started buying silver, I preferred the Engelhard bars over the rounds because the serial numbers made the bars appear more 'impressive.' If this was a marketing tactic, it caught me. Serial Number Cast Finish: 100oz class SilverTowne ingot produced by Engelhard. 100 oz Silver Engelhard Bar Description: Engelhard Corporation is one of America's original precious metals refiners. If serial numbers mean nothing, so if nobody cares if the bars are sequential or have a low serial number then APMEX will give me spot less 50 cents or even spot, depending on the day. 99.9+ FINE SILVER Custom ‘SilverTowne’ Hallmark 100 TR.