There is something about the smaller ingots that attract the hardcore collectors. It's a tough scenario for some people to understand. Why would someone pay $500 an ounce? When they could pay $40 an oz and get much more silver? Just to be clear this is collectable vintage silver pricing.
I wish I had a definitive answer to that question. I am able to suggest a few reason why I believe this is the case. Smaller ingots in general are a lot easier to store. Large silver bar's pile up high and wide! After years of buying I have seen some collectors store 100oz bar's on industrial steal racks in secure rooms. You need rooms to store that kind of weight. Safes arn't even an option at that level. You can buy 10 - 10oz tier 1 legacy ingots for $1,000 a piece and keep them in your sock draw. On the other hand 10 - 100oz bar's would require closet space.
Another suggestion as to why collectors gravitate towards the smaller ingots is the attention to detail. Majority of the time the smaller ingots tend to be more appealing to the eye when they are stamped with hallmarks, serial numbers, purity stamps, and weight. There is not a lot of free space like largee ingots tend to have. Resulting in the smaller ingots looking a lot busier. Just more action for the eyes. The smaller ingots tend to show more attractive cooling lines/rings as well.
Those are just some of the thoughts that come to mind when I compare the small vs large ingot. My personal opinion! I am a collector of smaller ingots. Generally 1Kg and under. Instead of talking about it. I guess the next best thing to do would be to show you what a small ingot can bring to the table. See the photos below ...
👆 Engelhard Canadian 4oz Silver Ingot. Mid hallmark variation. Estimated mintage of less than 100. This is a true tier 1 legacy ingot. The ONLY Canadian 4oz I have ever seen. You will notice how compact and busy this ingot is. With all the stamping including a 6 digit serial number. There is ALOT of detail on this piece. Strong cooling lines on the face of the ingot. It is also a unique trapazoid shape as you can see in picture #3. In my opinion these smaller ingots are similar to art work. Each piece has its own feel and presentation. Beauty is all in the eyes of the beholder. This 4oz Engelhard ingot comes along with a price tag of around $3,000.
I hope this article offers a unique perspective that is not often considered in the mind of a "silver stacker". There are always several different ways to look at a situation. I am not saying my way is right. It is only a different perspective that might be enjoyed by other enthusiasts. ✌
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If you change the word ingot for the word coin, the article would be also true, but nobody will ask why would you pay $1,000 or $100,000 for a coin if their content in silver is only $5...
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I agree entirly @ronaldoavelino! This is numismatics at its finest.🎯
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I really like how clean that stamp is. Very nice looking loaf @silveringots.!
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Thanks @vgholdingsllc!
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That's a really nice one, @silveringots! The pour lines are great and the stamping is clean. How do you know it's a Canadian one? And isn't the base normally wider than the face? Regardless, that's got to be one that you're proud to own!
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@themanwithnoname great questions. So this is a Canadian ingot because it has the Canadian "bull logo" on the left side of the engelhard stamp. A circle with what looks to be two horns comming out of it. That signifies it was produced in Canada. The 3oz, 5oz, and 10oz Engelhard ingot all have the same size demensions for obverse and reverse sides. There are none in those weight classes that have the trapazoid shape style. I am certainly proud of this one. A buddy of mine from Canada contacted me to said this was for sale in the local Canadian Craigslist. He picked it up for me and sent it out to me. You never know when this stuff comes up!!
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That's cool you have such a wide network of knowledgeable friends who will buy an ingot for you and ship it out if you want it. That's a great way to get access to other pieces that you otherwise wouldn't. E.g. local Canadian Craigslist.
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Yes I am fortunate to have built a strong network. That is what it is all about in my opinion. For example, the person who sent this to me. At one time he asked me to purchase a bar for him on eBay becuase the seller wouldn't ship to Canada. So I bought it for him and shipped it to Canada. At no additional cost. That is just what this is all about ✌. It ALWAYS comes back around when your dealing with good people.
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That was really nice of you. That is the sort of thing that endears you to people. When you go out of your way to help them, they remember it (most of the time). That's why the Golden Rule is basically "treat others how you want to be treated."
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I couldn't agree more!
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The more I learn about this the more I want i to the game. You have to be able to make a killing and find some really cool pieces!
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It's a really hobby. As well as an investment. It works out to be a great combination of both !
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