Don’t Buy 100 Ounce Silver Bars
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- Опубліковано 28 сер 2024
- Silver stackers this is why you don’t want to buy 100 ounce silver bars. #silverstacking #silverbullion #silverbars
On this channel we talk about silver stacking, silver price, gold stacking and gold price. We talk about silver bullion and gold bullion.
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I am not a professional financial adviser or consultant, the content is my opinion or the opinions of customers in my store.. This video is for entertainment only. Please consult your investment and tax experts for financial advice. Do your own research!
Silver stacking, silver bars, Gold Stacking, Silver bullion, Gold Bullion, Coin store, Coins, Silver price, Gold Price
I love 100 oz bars. I want low premium silver. If silver ever goes to the moon, premiums from ASE won’t matter, or I should say they didn’t last time. 100 oz bars are the best bang for the buck.
I love them too but the first time silver went to 50.00 in my store I was buying 1 oz silver bars for 54.00 each and selling them for 58.00 and selling maz of 2 per customer. Sold out 300 and was happy. No one wanted to buy 100 bars could not sell them and refineries would only pay on the price it was 6 weeks away. So in 1980 you could not sell it easily, or quickly or get a price. Read your history as it does repeat itself. So if I would have bought 100s at 50.00 per ounce I would have lost in 7 weeks it was 32.00 per oz. I would have lost 18.00 per oz or 1800 on each 100 pz bar I bought. It would have bankrupted me with all the silver I was buying and selling.
If the dimensions of the bar matched the manufacturer's specs, passed the weight test and specific gravity test then it is almost certain to be real. I have heard of some well made counterfeit bars that could pass both the weight and specific gravity test but were off on the dimensions. I think that it would be almost impossible to get all three correct.
Good tip
Easy to weigh I don't know the exact dimensions of all brands especially older out of business brands and in 50 years I have never seen someone do a specific gravity test. My refiner just drills the bar in about 10 spots and then you know. Of course forget about a premium then.
I buy Silver Bars because their CHEAPER & I can easily melt down to smaller amounts & Silver is Silver
Your first point is terrible. These are very liquid. You wouldn't want to go higher than this size though. Like a 1000oz bar is too much. That would not be very liquid.
He’s a complete jerkoff. No wonder the banks won’t deal with him.
1000 oz bars are liquid in. World market
@@adventureswitheddie6444 Yeah liquid to me means I can sell it today for a fair price at my LCS. Somehow selling it in Hong Kong makes me question when I will get paid and how do I ship 100 ounce bars safely and quickly to Hing Kong? Probably cost more tan 10 bucks huh? Yup not so liquid.
You're forgetting that the purpose of silver isn't to speculate what it might do from one year to another, but as a form of insurance in case the currency collapses. At that point in time, the only thing that will matter is how many ounces of silver you have, and thus, you might as well buy the form of silver with the lowest premium.
You should upgrade to a Sigma Metalytics Pro which tests through the bullion. Also you can get an external adaptor for large bars. It should eliminate any concerns.
Yes I have seen those but wasn’t sure if I trust it for 100 ounce bars
@@goldsilverstackers1
The Pro and Pro mini has the "bullion/refiners" wand which will test throughout very thick bars and you can test the "gravity/dimensions" too.
Exactly
@@goldsilverstackers1 You can also do a ping test on those 100 oz bars, if they are filled with lead or some other material it will not have that silver jingle.
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Enjoyed the video but I have to disagree when it comes to vintage Engelhard and Johnson and Matthey 100oz silver bars with low mintages or errors. I have seen some of these bars sell with very high premiums. Plus they are a piece of history that has survived the great melts throughout time. 100oz poured silver just looks so cool IMO. Plus they take up less real estate which at some point in ever stackers life matters. As far as new 100oz bars I couldn't agree more.
I agree on the vintage 100 ounce bars having more value but you don’t see those around that much. You also still don’t know 100% that they are real
you should stack 10 ten oz bars next to your 100 oz bar. takes up basically the same space:)
@@RobertLee-wi5kc I do stack 10oz bars. I also stack multiple other size bars and rounds. The discussion was about 100oz bars tho. Thanks for the input Robert Lee👍
Spread is small for bars, so it is understandable why you lcs don't like bars compared to silver eagles
Our profit margin on all bullion is very low
100oz bars are liquid where I live. My preferred bullion dealer will buy back and pay the silver 'spot' price.
Yes but what does he sell it for?? The spread is probably higher than 1 oz buffalos
@@RobertLee-wi5kc Hi Rob - I'm in Australia. 'Bullion Now' (in Melbourne) are selling their 100oz bars at spot +4.8%. They will pay 100% of spot price (up to 50kg per person / per week). I'm a 'stacker'... so maybe I'll sell some bars back to them in 5 years, or 10 years, or 15 years from now. Just keep stacking!!!!!
I agree and have told my clients (when I had a store) that they are just not liquid. The other way is to put the bar on the edge of your table or case use a butter and ting them up and down on the sides. Trick Leon Hendrikson taught me. They were drilling out engelhard bars when silver was 5.00 an ounce and pouring back lead or pot metals in the 70s, 80s. I still run across old bad bars. Give me 10 oz any day. 100s are always disposable when you have weeks to ship them and wait but in my store I would only buy 100s as a service and wholesale them away.
Ice🧊 Test; Silver is a good thermal conductor. Put an ice cube🧊 on top of silver item, then the ice cube🧊 will start to melt quickly. An ice cube🧊 placed on silver will melt quicker than on iron and a little quicker than on copper. The easiest way to conduct this test is to place a real silver coin and a potentially fake silver coin side by side. Put an ice cube🧊 on each coin and then check to see how quickly each ice cube🧊 melts. 🔊Sound Test: Silver emits a ringing sound when it is tapped, much like a bell, whereas many cheaper metals will emit a dull thud. Tap the piece with something metallic and listen👂 to the sound it produces. Can also drop it onto a flat surface, as it should produce the same ringing sound.
A 100oz silver bar would have real silver on the surface even if it was filled with other metals. So the ice cube test wouldnt work
I stack 400-kg bars… my back is shot, but they make great steps for my backyard deck. Seriously, I only do 5-oz bars. 😎
Ha ha
I understand the points made here...but I disagree. If you can't stack 100 oz bars... then you don't really have any business stacking at all. As a stacker, I want to get to a lot of ozs someday. My dream would be to have 500 x 100 oz Royal Canadian Mint bars just stacked. 100 oz of silver should be liquid to most stackers
500 100oz silver bars would cost about 1.3 mil in today's price, that's kind of a lot in silver.
How much do you have now? We don’t care about your “dreams”.
Wow never heard that before. A sizeist, not as bad as a racist but kinda off putting. I never looked down on an investor that only bought a 10 oz bar or 5 silver rounds. By your standards most stackers should sell their silver and play with legos huh?
@@RobertLee-wi5kc Agree 100% Robert! While we are at it lets move our cars to the street and fill our garages floor to ceiling with 1000oz copper bars as well!
My LCS had a 100 oz Englehard and Johnson Matthey the other day. I'll stick with 10 oz bars for weight stacking.
10oz is Waaaay better.
Good one.
I just hate the Imperial measurement system, it's so over-complicated. I hate measuring in ounces. Grams and kilos is so much simpler.
It's not imperial. They are troy ounces which have been used for bullion since the Roman Empire. A troy ounce is a little over 31 grams while an imperial ounce is 28, and there are 12 troy ounces in a troy pound. Gold and silver prices are based on 1 troy ounce. Some Asian countries like China never adopted the troy system for bullion and they use grams and kilos. The Chinese silver panda is 30 grams
Love the low premiums. We hold many old Johnson and Matthey 100 ounce bars.
I love these 100 oz bars. Low premium and my local bullion dealer have no problems buying them for 0.5 percent below spot. Sold 5 bars recently when silver hit $31.50. 😅
Ahh but what does he sell them for? It is the spread that matters. So he paid you 15 cents back of spot? 3,135.00 per bar? Were they new or old and what brand?
@RobertLee-wi5kc they're secondary market bars, 2 by Nadir, 2 Heraeus, 1 perth mint. I haggled and paid 1 percent above spot for them, so the spread was less than 2 percent. You got to negotiate the price when buying these 100 oz bars, the person or dealer selling is usually desperate to get rid of them.
@@201sovereign You made my point exactly. The reason the dealer is willing to discount the price is because A) he can't sell them because of the size B) He does not want to sell them wholesale, ship them and wait for his money. C) He bought them so cheap he can give you a good deal. Sadly when you want to sell them you will be on the flip side hearing all the reasons he wants to pay you a lower price. It.s not the price that matters IT IS THE SPREAD.
@@RobertLee-wi5kc the spread is better than a hundred 1 ounce round in my case. So I still get a good deal out of it.
Using weight and three dimensional size you get density and then you can calculate if it is real
Great points ! Thanks for sharing your experience with us
Glad you enjoyed it!
I only buy coins. 1 and 2 ounces primarily. But I do have 1 10 ounce coin. I want the broadest pool of buyers if/when I sell.
I can get both 100 oz bars and 10 oz bars at my LCS for $1.99 over spot. I think I will go with the 10 oz bars.
Take the 10 oz bars for sure
100 oz bar with $2 premium? Huh? That LCS is just lazy or greedy.
@@kaceydillin7367 Well while I do not recommend them Amark is selling their 100 oz poured and cast for 3267 or 5 or more at 3217 thats with silver at 30.00 If that LCS has to buy 1 at wholesale and ship it to him he is probably netting 100 buck profit on a 3,000 investment. Plus the risk that it goes down a dollar next week and he is working to break even.
Absolutely ! When TSHTF and you only need a small amount to buy or barter something what are you going to do shave a certain amount off? Thats not resonable. Small coins or small 1 oz bar or rounds are the way to go. 90% constitutional silver and gold are where its at too.
Your second point is terrible. Its not hard to tell if a 100oz bar is fake. Actually if you were a smart buyer, you could buy ones that came with a COA too.
????? You mean a piece of paper signed by a person or company that is selling the item? Gotta run and print some of those out. I know dealers that will not buy a 100 oz bar without drilling it. Gold is the scary one though. Tungsten works great inside a fake gold eagle or gold bars.
That is good to know, thank you.
You're welcome
I’ve bought beautiful sealed and production numbered Geiger edelmetalle bars and legacy silver bars. Including from the US government auctions who validates the product they sell off. Not worried. It’s those home baked bars and coins you need to worry about.
Those Geigers are nice but the premiums and auction fees must be killing you. Check with owner of this Vlog and I am sure he could save you money!!!
I like the 100oz bars. Density test is best way to check for fakes, right? Water Density test. The weight and volume will tell you it's 100% silver, right?
Should work
A dealer attempted to peddle two 1,000 oz bars to me. It took no effort to decline, and I have put $100,000 into dimes in one whack.
I guess it's nice to have one of them if you really really must have one.. and honestly I would consider it a peace that you would keep with your family that you pass on to your kids or something but other than that I wouldn't buy it either so I concur with your thesis
Yep
GREAT information. Definitely will take the advice you put forth. What is your opinion of 50 oz. bars? That is the highest that I have, currently.
sorry his reasons are lame....i stack 1kg Silver and i certainly don't mind 100 ounces for sure...Silver is Silver!
Thanks
The premium, s and tax are to much ,,20 % tax to start ,here in Scotland 🏴, then there's the premium, s on top ,
That’s nuts
Well I don't think there'll be any Trading of gold or silver if stuff hit the fan. People just run around taking what they want. You can't eat gold or silver. You'd probably be more realistically trading knowledge or services for food or a different type of food in the future.
Sir. Purchasing land and making friends is a better way to go And I don't know maybe a few boom sticks.
Ask some older folks. When you wanted to get out of Germany your knowledge, your land and your broomsticks were of no interest. Gold, silver and diamonds were king.
@@RobertLee-wi5kc How many more times do we have to hear you can't eat gold or silver? IGNORANT!
@@RICHARDOCONNOR-s2j Why are you telling me? I can't eat any of my investments. Well I guess I could eat stock certificates but ohh the calories.
Premium + Tax + Space adds up. Stack 5 100oz bars next to a case of ASE. It probably doesn't make sense for someone not having much or just trying to make dollars from it. I think Mint ID or Metalytics Pro are game changers for shops to figure that out. It's a little counter productive to tell stackers not to stack something anyways isn't it? Yeah don't buy them on Ebay maybe. Are we stacking silver or playing a numistic trading card game here? 😅 Every stacker should fill a safe with 100oz bars at some point watch what happens to the pokemon cards.
Im sure its because you like the premiums off the 1 ouncers. You dont make much on 100 ounce as a dealer.
Hi Jewelry & Coin Exchange, American Eagle Horder, sent me. Thank you, for sharing this video.
Thanks for the sub!
Another great video, Scott! Can you please do a video about the pros and cons of buying graded coins? Thanks!
Great suggestion!
I have no trouble selling 100oz bars
I know someone that sold his back to JM Bullion for over spot.
Drill a small hole in the Bar & melt the shavings then Acid Test
To me their worth saving $250 over buying 1 Oz & I can melt at anytime & pour my own 1 Oz bars still .9999 Fine
i like as collection, i would hesitate to sell bc its huge
Any views on the 1 Kilo bars?
Yea. They consist of 1,000 grams. You’re welcome.
What about kilo kookaburras?
meh... they buy them near me no problem
Thank you for making this video! I really wanted one. Now I really don't!!
Great points. Nice work Scott!
Glad you enjoyed it
Any real shop will take them
To me they're just a novelty. Too hard to get rid. Great video!
Yes they are!
Silver is Silver Period
Not hard to get rid of at all.
A sigma would take care of your buying fakes concerns. What you just said about fakes is true about all silver/gold without a sigma. Could it be that all bars carry a lower premium than rounds? My problem with 100 ozt bars I have to find someone with $2500 + to drop on silver. That person is more likely to buy a ozt of gold. And a 10 ozt bar silver
Yeah, I just don’t trust any large bars without being able to melt them and assay them
Just buy from a reputable dealer like Miles Franklin rather than some fly by night coin shop or pawn shop. Once silver goes to the Moon you won't have any problem selling them.
No thanks, their premiums are way too high
As a silver stacker I 100% agree.
Smart!
They r super easy to move and any big bullion dealer will buy them all day. He does not like them because he runs a coins shop and wants to make a huge Premium on his 1oz COINS! This guy is Full of it.
Yep you figured it out
I’m a old stacker and I started 40 years ago. My first bars were recommended by a coin shop so now I own 4 100oz bars. I’ve noticed you people in the market are full of BS wishewashy liars. You made me feel this way because you are untrustworthy.
Right, go try to sell those to a local coin shop right now and see what they offer you
@@goldsilverstackers1 Read my comment again that’s exactly what I said and no lies on my end.
And I also know you will try to lowball a fool but you met your match. You will not steal from me.
Well you lumped me into a category as a liar when I’m the one telling the truth about what to buy and what not to buy. You can take my opinion or not but you should do your own research
@@goldsilverstackers1 Wrong I said a coin shop recommended 100oz bars 40 years ago. I still have the sale slip. Now can you understand?
and a lot more incentive to fake a 100 oz vs a one oz round.
That is a good point
The Chinese will fake a million 1ozt coins in the time it takes you to eat breakfast
More wisdom.
100 ounce silver bar $2,000 , gold coin or bar 👍
I'll take the silver over the gold any day as it has more potential for upside.
no one wants them.
Disagree. I have many and so do many coin shops. They are very liquid. Silver is silver.
Bullshit.
I love how honest you are!!!!
not sure you are doing anyone a good service here... Buy yourself a Sigma Pro with the big bridge.......