Afternoon everyone….
We talk about silver and gold here often. We talk about buying and stacking silver and gold. We talk about silver and gold prices, and where they are and where they should be.
I know I’ve done some posts on vintage bars over the years on Hive, but knowledge is king to profit on them.
Many of you have an LCS (local coin shop) near you or several. I don’t have that luxury anymore. It’s been nearly a decade since the last coin shop closed near me.
Looking for high dollar vintage bars are a must at any LCS. They can absolutely be found, if you know what to look for. Honestly I would suggest if you planned on buying silver on your visit to your LCS. Just pick out any vintage bars that are in the silver bin at your LCS. Most owners don’t go through bulk purchases of silver bars or rounds and they just end up in the bin.
All vintage bars sell for more then spot price and some spot means nothing to their value.
Today I am going to share with you a bar that I bought at an LCS. It wasn’t in the junk bin, but it didn’t cost me much over spot at the time I bought it. The only reason it wasn’t in the junk bin was because it was in its original display case.
With that being said…
The bad I am sharing with you today is a Johnson Matthey Bankers Limited one ounce silver bar in its original case. It has a nice little bit of toning on it, but it is in absolutely perfect condition.
Take a look at this beauty…
Per the allengelhard website there were less then 3,000 of these minted. I’ve owned this bar for quite a while now, and frequently look at all auction sites and platforms for vintage silver. In the past five years, I’ve only seen a handful of these on any site, and only one of them was with the original case.
The rule used for what they consider still in circulation on most vintage bar and round websites is: that 30%-40% of the original mintage has been melted down over the years when silver prices spike.
So that means there’s probably around 1,500-1,700 of these bars left. In the original case probably more like 200-300 maybe less.
The value of this bar in the original case is over $200 easy.
Here is the info on the bar from the allengelhard website.
So my suggestion to you is if you have an LCS near you, and are looking through the junk bin. Buy the bars and rounds that are vintage, many of them have dates on them. Anything in the 70’s or 80’s buy it.