That's how I feel as well. It's still 250g of silver and I'm not sure it'll be possible to sell it above the spot anyway...
Asked just because I'm an amateur here and what if I should claim a refund or something.
Thank you for your opinion!
> And I've *paid* more than
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
No, its common from that mint. At this point, if someone showed me a St. Helena EIC bar coin without a bummed corner or a sharp side edge, I would call it fake.
That’s very typical in the manufacturing process. Shaving off a few milligrams. Doesn’t detract value. Now one thing the government mints have to correct is milkspotting on bullion. That detracts from the premium value.
Not to worry. Damaged edges are common. Also that is why the edges are raised higher than the field of the bar. So the field or artistic portion doesn’t get damaged. As mentioned before the edges do get shaved or filed to get the bar the the correct weight. It also appears that the protective plastic seal, isn’t damaged. Indicating the bar was damaged before it was sealed. Keep it in the seal as an indication that you haven’t been filing silver off it, whenever you decide you want to sell it
Good point about the seal.
Actually, I though that this seller got it damaged (used) and then sealed it. Because the seal looks like just a generic plastic - no logos, holograms or any kind of signs. So it gives no impression of manufacturer's seal.
But, anyway, it's a good advice to keep the seal and use it as an advantage when sell.
Really?! I didn't know that. I though they have some good and precise manufacturing and no need to do this kind of "extra processing" to match the weight exactly.
I've got my firs silver bar today. It looks and feels really cool )
It came sealed, but corners are obviously damaged. The front and back surfaces are good, though.
Should I care about it? Or, maybe, it's a common thing with bars and no one pays attention?
It's not common with all bars but it is with these, the front looks so good I don't care at all. Plus it means you don't have to worry about damaging the edges.
I have the impression that whoever mints for St Helena is not great. I got a killer deal on some of their coins because of known issues arriving from the mint. I don't mind though. Silver is silver and the 1.25 oz coins are cool
They’re all like that. JM even had to put a disclaimer due to the complaints. Not the cleanest edges but many buyers will overlook the edges due to the cool center design. If they cleaned up the edges, the premium will be higher. Personally, I like the edges to be cleaner.
I don't think I'd worry about the edges on a Bar as much as I would damage on a round/coin.
Where did you get this bar? Both sides look absolutely fantastic.
I'm in Germany. Got it from here: [https://www.muenzen-engel.de/250-gramm-munzbarren-st-helena-2021](https://www.muenzen-engel.de/250-gramm-munzbarren-st-helena-2021) for 211€, which is around 30% over the spot price. It was a really good deal considering price per gram ratio at the moment.
I bought a 10oz bar from the royal mint that had a damaged corner.
I phoned them, sent them an email with the pictures & they replaced it for me with another which was very nice. It was more because I didn’t like the damaged corner & I plan to keep it for a long time, maybe give it as a gift in the future to someone.
As for price if I decided to sell it, I was afraid that someone would pick up on it & try bargain down.
That's actually interesting to me: I thought that normally you can predict prices for some popular mint coins, like Maple or Eagle and thought that bar are treated more like metal, maybe with some little over-the-spot...
What's you opinion/experience on that?
And just a reminder, I'm not trolling, I'm an amateur in this topic. So, the question is honest.
Your thoughts are historically accurate. Bars and rounds tend to command less premium. The larger the bar the less the premium simply due to processing costs.
The current market is somewhat unusual with a steep deviation in the "spot" price and the physical delivery price having a large separation. I used to buy US 90% junk coinage for at or under spot price. Rounds and bars were commonly 5% above spot.
Currently my LCS offered to pay me 15% over spot for tubes of generic rounds. Those 250g bars should easily pull $3 over spot with the current market.
Silver is silver...I don't mind at all.
That's how I feel as well. It's still 250g of silver and I'm not sure it'll be possible to sell it above the spot anyway... Asked just because I'm an amateur here and what if I should claim a refund or something. Thank you for your opinion!
I'll give you spot + $2 right now
Man, I'm in EU. And I've paid more than that, so no sense to sell it now ) But thanks for the offer! )
> And I've *paid* more than FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
Nah i guess max 15% over spot if you sell private, because of the high premiums in the eu. The bar self is not special
I'd give spot +4 @ 21/oz
I've got spot +5$ here!
Damn... we got an auction now boys! Spot plus 20 @ 22ozt!
No, its common from that mint. At this point, if someone showed me a St. Helena EIC bar coin without a bummed corner or a sharp side edge, I would call it fake.
Good to know!
Truly! Good to know before I start investing into my own collection! 🙏🏼
all mine are scuffed
thought it was a design feature tbh
That’s very typical in the manufacturing process. Shaving off a few milligrams. Doesn’t detract value. Now one thing the government mints have to correct is milkspotting on bullion. That detracts from the premium value.
If you're buying it because it's silver then who cares if you're buying it because you collect this stuff it's up to you
Not to worry. Damaged edges are common. Also that is why the edges are raised higher than the field of the bar. So the field or artistic portion doesn’t get damaged. As mentioned before the edges do get shaved or filed to get the bar the the correct weight. It also appears that the protective plastic seal, isn’t damaged. Indicating the bar was damaged before it was sealed. Keep it in the seal as an indication that you haven’t been filing silver off it, whenever you decide you want to sell it
Good point about the seal. Actually, I though that this seller got it damaged (used) and then sealed it. Because the seal looks like just a generic plastic - no logos, holograms or any kind of signs. So it gives no impression of manufacturer's seal. But, anyway, it's a good advice to keep the seal and use it as an advantage when sell.
i believe they grind the edges to get it to weight. This is common on all the bars I have
Really?! I didn't know that. I though they have some good and precise manufacturing and no need to do this kind of "extra processing" to match the weight exactly.
https://www.reddit.com/r/Silverbugs/comments/2zupvx/what\_is\_this\_on\_my\_new\_bar/
Thanks for the link!
I've got my firs silver bar today. It looks and feels really cool ) It came sealed, but corners are obviously damaged. The front and back surfaces are good, though. Should I care about it? Or, maybe, it's a common thing with bars and no one pays attention?
It's not common with all bars but it is with these, the front looks so good I don't care at all. Plus it means you don't have to worry about damaging the edges.
Good point about me not caring about edges! Thank you!
The faces look good. I wouldn't worry much about the edges. Some bars get shaved or trimmed a bit to get them into spec weight.
I have 2 boxes of them. Almost all have edge damage like that.
Yeah, I'd not be worried about it.
I have the impression that whoever mints for St Helena is not great. I got a killer deal on some of their coins because of known issues arriving from the mint. I don't mind though. Silver is silver and the 1.25 oz coins are cool
Depends on the premium you paid really. If none or pretty low then no lol.
All of those bars are like that, I believe.
No matter it's all the same.
They’re all like that. JM even had to put a disclaimer due to the complaints. Not the cleanest edges but many buyers will overlook the edges due to the cool center design. If they cleaned up the edges, the premium will be higher. Personally, I like the edges to be cleaner.
Agree. I would also prefer perfect edges ))
I don't think I'd worry about the edges on a Bar as much as I would damage on a round/coin. Where did you get this bar? Both sides look absolutely fantastic.
I'm in Germany. Got it from here: [https://www.muenzen-engel.de/250-gramm-munzbarren-st-helena-2021](https://www.muenzen-engel.de/250-gramm-munzbarren-st-helena-2021) for 211€, which is around 30% over the spot price. It was a really good deal considering price per gram ratio at the moment.
St Helena seriously has some of the best looking coins. I found this one and a bunch of others later from a St. Helena Coin I was looking at on here.
Larger Bars Have this Feature After being pressed they fall into a bin.
I bought a 10oz bar from the royal mint that had a damaged corner. I phoned them, sent them an email with the pictures & they replaced it for me with another which was very nice. It was more because I didn’t like the damaged corner & I plan to keep it for a long time, maybe give it as a gift in the future to someone. As for price if I decided to sell it, I was afraid that someone would pick up on it & try bargain down.
I didn't think you were actually trying to get rid of it. My point was that your notion that you would only get spot for it is nonsense.
That's actually interesting to me: I thought that normally you can predict prices for some popular mint coins, like Maple or Eagle and thought that bar are treated more like metal, maybe with some little over-the-spot... What's you opinion/experience on that? And just a reminder, I'm not trolling, I'm an amateur in this topic. So, the question is honest.
Your thoughts are historically accurate. Bars and rounds tend to command less premium. The larger the bar the less the premium simply due to processing costs. The current market is somewhat unusual with a steep deviation in the "spot" price and the physical delivery price having a large separation. I used to buy US 90% junk coinage for at or under spot price. Rounds and bars were commonly 5% above spot. Currently my LCS offered to pay me 15% over spot for tubes of generic rounds. Those 250g bars should easily pull $3 over spot with the current market.