10oz silver bar question

[silvernewbie]

Hi i have been offered a 10oz apmex bar for £175.  It is an old bar and a bit battered, is this a good value/price?  I prefer bars to coins for storage but cant decide due to condition i am buying strictly for investment purposes..!

or is it better to get a 10oz brit for £190?  Or i can get random bu coins for same price eg £17.50 an oz

 

[SilverPirate007]

I bought a couple of 10oz bars for 175 new. I thought they were pricy at that. I am going to stop silver purchases until I can get ASEa for about 15 pound again.

[silvernewbie]

10 minutes ago, SilverPirate007 said:

I bought a couple of 10oz bars for 175 new. I thought they were pricy at that. I am going to stop silver purchases until I can get ASEa for about 15 pound again.

Thanks 175 is cheapest currently anywhere.  I bought 2 silvertowns last yr for 150£ each.  For an older bar like this is there a premium or should it be cheaper than a new one?

[SilverPirate007]

I’m not sure to be honest, I guess it’s partly personal preference. I wouldn’t but others eg collectors would. I’m in it purely for the weight of silver though.

[Pete]

Standard price for bullion silver at the moment.
If you can buy new coins for a lower price then that's what I would do.
Bars carry extra VAT so the price isn't bad but it's personal preference.
Not cheap but fair.

[sixgun]

Older bars with a bit of character do not mean they are less valuable and less  desired. Other than say the PAMP Lady Fortuna which i like to be pristine, i prefer bars with some character. This one has some tarnish. There appear to be a couple of diagonal marks across the face of the bar but i am not sure if these are actually on the bar itself.
i think £175 for a 10 oz bar is an ok price at the moment. i really don't see 1 oz bullion coins coming back down to £15.
My motto has been: Do i like the bar?  Yes - Can i afford the bar? Yes - then i take it. 

[SilverPirate007]

3 minutes ago, sixgun said:

Older bars with a bit of character do not mean they are less valuable and less  desired. Other than say the PAMP Lady Fortuna which i like to be pristine, i prefer bars with some character. This one has some tarnish. There appear to be a couple of diagonal marks across the face of the bar but i am not sure if these are actually on the bar itself.
i think £175 for a 10 oz bar is an ok price at the moment. i really don't see 1 oz bullion coins coming back down to £15.
My motto has been: Do i like the bar?  Yes - Can i afford the bar? Yes - then i take it. 

I agree with all this except bullion should hopefully come down in price as the international situation normalises later this year.

[Robda1986]

175 isn't too bad a price to be fair

[silvernewbie]

25 minutes ago, sixgun said:

Older bars with a bit of character do not mean they are less valuable and less  desired. Other than say the PAMP Lady Fortuna which i like to be pristine, i prefer bars with some character. This one has some tarnish. There appear to be a couple of diagonal marks across the face of the bar but i am not sure if these are actually on the bar itself.
i think £175 for a 10 oz bar is an ok price at the moment. i really don't see 1 oz bullion coins coming back down to £15.
My motto has been: Do i like the bar?  Yes - Can i afford the bar? Yes - then i take it. 

Thanks there is a slight dent at the back but confident in 2/3 yrs id at least get my £ back 

 

 

[sixgun]

One for the stack and on to the next one. 🤠

[HGr]

It's good to have an old 10oz bar with marks and dings, you don't feel bad about holding it with un-gloved hands, chucking it up in the air a bit and catching it, put it in your pocket etc. I have one of the E-globe Englehard 10oz bars, covered in marks. Every time I get my stack out, i bypass the sovs and 1oz silver, and go straight for it, and pack it away last.

It's a 'buy' from me in this climate!

[Tangomachine]

I'd buy it. Love my old worn bars. Better than shiney new stuff you dont need to worry about it

[Robda1986]

Beaten up scratched to hell think I paid 170 ish for it 6 months ago but its nice to have a bar I'm not concerned about when it comes to handling