How much would 400 ounces of (troy) be worth today..?

Question

give or take within the daily fluctuation... and these bars are of collectible value, 2 Engelhard, 1 Hoffman, 1 Drew..(which i gather 'just' give me the opportunity to sell them at their value, as opposed to trying to sell silver for full market value to a some coin merchant or silversmith...

( so don;t say look at Ebay... and don't say check the market..)

educated and informed answers please. thanks you!!!

Answer 1

400 troy ounces of what? Gold, silver, platinum?

Bars don't have collector value unless they have some historic provenience.  Most large coin dealers also deal in precious metals,  Give them a call.

Answer 2

Most buyers on eBay appear to be paying roughly around spot price - that is, perhaps a dollar below or a dollar or two above - for 1-10 Troy ounce silver bars.  That's often *exclusive* of shipping, so to put it another way, you'd realize those prices even if shipping costs were not a factor.

At today's silver price of approximately $16.50-$16.75, that would make 400 Troy ounces worth a gross price somewhere in the broad range of $6,200 and $7,400.

(Unusual bars, such as "bread loaf" poured bars, bars with unusual and historic markings, or silver art bars from the 1970s, for instance, often sell for more.)

You can factor in that range with the current spot price of silver, which is updated continually at websites like:

http://www.thebulliondesk.com

and

http://www.kitcosilver.com

You can also factor in the cost of selling on eBay, which is typically in the 5-10% range, including listing fees, final value fees, and PayPal fees for buyers paying via that payment service.  You'd also need to factor in your cost for packing materials, and your time and gas for shipping, if that isn't fully covered in your listed shipping prices.  If you're selling many small lots, as opposed to a few large ones, your time involved in doing this selling can be significant.

You can then weigh (pun intended) the net realized price in selling in person-to-person auctions in that marketplace, against whatever might be the wholesale prices you'd be offered by a bullion dealer - factoring in insured/delivery confirmation or registered shipping to the latter, if they're not local - and work out where you might get the best value.

Here's an example of one bullion dealer - with which I'm not otherwise familiar - that is advertising prices for both buying and selling 1 and 10 Troy ounce silver bars and 1 Troy ounce silver rounds:

http://www.mjpm.com/silver.cfm

Today, they're advertising a 'buy' price of approximately $16.30 for 1 Troy ounce bars and $16.65 for 10 Troy ounce bars, making 400 ounces worth a gross price of approximately $6,500 to $6,600.

One hybrid possibility is to sell any bars of truly collectable value on eBay - and make sure that your auction listings clearly tell the story of why these bars are likely worth a premium to collectors - and sell the more run-of-the-mill bars, if any, to a dealer.

Answer 3

Nothing at all ,By the way hows troy and it`s good to hear about the guy . OK tell me how it happened, did his old lady beat on the poor B**tard ? all 400 ounces and all . buddy whats up  No kidding all aside i wants some troy  

sorry been on to long got to get a slob and work . Thanks for the uder nosience    

                                          Good luck