Some folk collect old bars. Just like stamps, coins or other collectables. Here on SS forum folk seem to love 5oz Perth Mint Bars especially ones that are Ted. (Ted means...Fyouseekay"ted") http://forums.silverstackers.com/topic-34260-vintage-5-oz-battered-perth-mint-bar-value.html
There is no such thing as a silly question but this one may be the exception to the rule. In most cases you are buying "something" that is no longer made. To roughly quote Swoydaz - A vintage Bugatti has the roughly same metal content as a Commodore. Why would the Bugatti be worth more to those that appreciate the virtues of a thing of beauty? Horses for courses (and some wallets are deeper of course).
Well to be fair it can be quite difficult to keep up with what's worth more, a new or old thing depending on what it is. Like for instance I could sell my glitchy iPhone 5 for like a thousand dollars or something but I also have an old Blackberry that doesn't work at all anymore, which is obviously going to demand a higher premium due to collectible value. Wait I meant to do an example that was the other way around...Okay, for another instance I have some unopened late 1800s Johnny Walker Black, but who wants to drink old whiskey? Gross lol, so naturally the newer stuff (even the stuff I make in my own basement) is going to be worth much more. It's tough to keep up with it all sometimes but basically all you have to remember is: nobody wants old silver.
My collection says otherwise.. (Of course, I'm very particular in what that old stuff is.) And I am far from being alone in this.
This. Also, as the years & decades pass, their numbers dwindle -- as do the numbers of those in good-to-excellent condition. Not to mention: (Some) old stuff is cool, totally blowing away many modern pieces.
As they say, to each their own. Some are willing to pay for old vintage stuff, some are willing to pay for newer, fancy stuff. Some only want to buy silver at spot price, some even want to pay below spot price.
:lol: for a silly question Thank you for the answers. But anyway. I understand the increasing price of rare old coins which have "beautiful" images on them and low mintage. But bars... Always thought that bar's cost is max the price of silver it contains.
Bars also happen to have "beautiful" appearances due to the style of pouring, and some old bars have mintages too. So not sure why old bars have to be priced according to their silver content, unless you are referring to newer low premium bars that are minted according to demand. Just sayin'
I've only been collecting for about 7 months now (love it) and about the only thing I will buy now are vintage silver bars. I love the look and the fact the value doesn't go down if you look at them wrong or sneeze on them. While I like the Scottsdale stackers, they still make these. I am tired of most coins/rounds and having to keep them perfect to retain value. Long Live Ted!!!
Did you read the rest of the post and assume I was actually being serious the whole time, or do you think I just switched to serious mode at the very end? Lol for everything I said the opposite is obviously true. They call that satire. When people don't catch on like that it means you're good at it....I think.
Sorry Sonic. My attempt at humour off the mark. I got yours but I may have tried to be a bit too convoluted. Cheers.
Some people collect old silver bars just like they collect old anything, and other people jump on the band wagon thinking they will miss out on something special if they dont. this then gives a sense of belonging and allows those who bought many old bars when they were cheaper than new bars to sell them to the wagon jumpers at prices that seem at the time unrealistic, these wagon jumpers then flip them to newer wagon jumpers at even higher prices! its a bit like "New Lamps For Old" but eventually some people get stuck with an old lamp that does not and never will contain a "Genie"
Being rare and old are usually great factors for something to be collectible. The rarer something is drives the price up. Simple as that.
rarity is one part, someones perception is a larger part. Where one see's a rare bar another sees just another bar of silver.
