closed Kilo gold bar Johnson Matthey

[ilovesilverireallydo]

Kilo Johnson Matthey gold bar, counter stamped. 

£52500

Collection only at shop in jewellery quarter Birmingham 

[evende]

Have you only got one. I’m more of a bulk buyer. 

[ilovesilverireallydo]

Just now, evende said:

Have you only got one. I’m more of a bulk buyer. 

I can source more if you need 😂 

sure I can get 10 more…

[Silverlocks]

@Charliemouse

@NicholasBullion

@James32

[Darr3nG]

Suitable for the Christmas Prize Draw...

[Petra]

Too much of a premium just to have JM on it,🤔think I will pass on this one🤔🫢

[Leonmarsh]

Most beautiful bar ever advertised on TSF? Has to be 

[Leonmarsh]

1 minute ago, Petra said:

Too much of a premium just to have JM on it,🤔think I will pass on this one🤔🫢

Get to Birmingham Petra and get it bloody bought lol 🤣

[artalien]

1 minute ago, Petra said:

Too much of a premium

If this don't come for spot then I give up.

[Brit2023]

If you want to swap I have a kilo of sugar in the cupboard….might be useful come the end of civilisation ?

[ilovesilverireallydo]

Just now, artalien said:

If this don't come for spot then I give up.

I would be better off graining it and selling grain for 5% over than selling it for spot

[Leonmarsh]

@James32 you know what to do get it bloody bought can't go to graining this 

I would advertise my backside on gaydar for free to get this 

[Silverlocks]

4 minutes ago, ilovesilverireallydo said:

I would be better off graining it and selling grain for 5% over than selling it for spot

It's not such a bad idea - I've no idea who collects 1kg gold bars and would pay a premium for an antique Johnson Matthey bar this big.  It's a lot of money in one hit, and you might be better off reselling it as something smaller if you have the means to do that.

Edited November 13, 2023 by Silverlocks

[ilovesilverireallydo]

Just now, Silverlocks said:

It's not such a bad idea - I've no idea who collects 1kg gold bars and would pay a premium for an antique Johnson Matthey bar.  It's a lot of money in one hit, and you might be better off reselling it as something smaller if you have the means to do that.

It’s just over 3% so not terrible premium 

[Darr3nG]

Just now, Silverlocks said:

something smaller if you have the means to do that.

You thinking hacksaw?

[Brit2023]

 

6 minutes ago, Leonmarsh said:

Most beautiful bar ever advertised on TSF? Has to be 

It is a lovely vintage piece indeed. Is it one of the bars Gordon Brown sold off at a tenner each?

[Orpster]

Lovely thing that is Rishi, I'm already down to one kidney though mate so out my reach  

I think the premium is fair, its a small market I would guess though.
 

Edited November 13, 2023 by Orpster

[Silverlocks]

3 minutes ago, ilovesilverireallydo said:

It’s just over 3% so not terrible premium 

I did do the calculation, so it's not that OTT as far as premiums for a 1kg bar go.  A 1kg Metalor gold bar from Atkinsons is about £51,650, so you've got a premium of about £850 over a commodity bar.  However, I'm wondering who would consider a bar this big to be a collectible.

I wonder if a collector somewhere in Asia might be interested in this?

Edited November 13, 2023 by Silverlocks

[365DaysofSilver]

Let the jokes flood in 😂

[apachebleu]

15 minutes ago, Leonmarsh said:

@James32 you know what to do get it bloody bought can't go to graining this 

I would advertise my backside on gaydar for free to get this 

 If you advertise it for free I'm not sure how that helps you get the bar?

[Orpster]

Just now, apachebleu said:

 If you advertise it for free I'm not sure how that helps you get the bar?

Tips in his g-string make his living 

[apachebleu]

Just now, Orpster said:

Tips in his g-string make his living 

Fair play, a mans got to eat

[Leonmarsh]

7 minutes ago, apachebleu said:

 If you advertise it for free I'm not sure how that helps you get the bar?

Your dad downloading the content? 

That's my business plan  🤣

Edited November 13, 2023 by Leonmarsh

[Silverlocks]

17 minutes ago, Darr3nG said:

You thinking hacksaw?

[serious] OP did talk about converting it to grain that he could sell at 5% over spot.  If it's not so expensive to do that, it might be an alternative.  While there are folks who might decry melting an antique Johnson Matthey bar down, I don't think there are many folks who actually have 50 grand plus to pay for a collectible item, and if he doesn't have access to that market, it might be the right thing to do.  A 1oz bar might be collectible, but a 1kg bar is kind of a stretch unless you can get a bit enough margin to put into the rare coin scene.

Edited November 13, 2023 by Silverlocks

[ilovesilverireallydo]

3 minutes ago, Silverlocks said:

[serious] OP did talk about converting it to grain that he could sell at 5% over spot.  If it's not so expensive to do that, it might be an alternative.  While there are folks who might decry melting an antique Johnson Matthey bar down, I don't think there are many folks who actually have 50 grand plus to pay for a collectible item, and if he doesn't have access to that market, it might be the right thing to do.

It costs 2% of the value to grain it. 
 

we do a lot of graining and refining.