bought 10oz minted bar, but corners are shaved

Discussion in 'Gold' started by duplo, Jan 9, 2011.

  1. duplo

    duplo New Member

    Joined:
    Nov 30, 2010
    Messages:
    37
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Sydney
    hey guys,
    i just bought a 10oz PAMP bar and some of the corners look like they've had some of the gold shaved off or have been worn down or something. Is that normal? What do you reckon it's from - someone testing the gold or something?

    I weighed it and it was 311 grams, so i don't feel like i've been ripped off or anything, I'm just wondering why it might be like that. Spoils the looks of a good bar if you ask me!

    [​IMG]
     
  2. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

    Joined:
    Apr 15, 2010
    Messages:
    5,009
    Likes Received:
    719
    Trophy Points:
    113
    Location:
    Melbourne
    I've always thought that Suisse bars are overrated. Perth Mint are much better in my opinion.
     
    Bullion_ron likes this.
  3. heartastack

    heartastack Well-Known Member Silver Stacker

    Joined:
    Sep 2, 2010
    Messages:
    2,649
    Likes Received:
    3,019
    Trophy Points:
    113
    Location:
    Melbourne
    My 100oz Perth Mint bar is also shaved on all corners... maybe overpoured?
     
    Sawman likes this.
  4. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

    Joined:
    Apr 15, 2010
    Messages:
    5,009
    Likes Received:
    719
    Trophy Points:
    113
    Location:
    Melbourne
    It's pretty normal for them to over pour and shave back.
     
  5. chimpanchu

    chimpanchu New Member

    Joined:
    Aug 7, 2009
    Messages:
    1,634
    Likes Received:
    3
    Trophy Points:
    0
    Location:
    Australia
    Mint bar is not poured, that is cast bar. Mint bar is machine cut.
     
  6. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

    Joined:
    Apr 15, 2010
    Messages:
    5,009
    Likes Received:
    719
    Trophy Points:
    113
    Location:
    Melbourne
    Perth Mint 100 oz bars come in both poured and minted forms.
     
  7. duplo

    duplo New Member

    Joined:
    Nov 30, 2010
    Messages:
    37
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Sydney
    Yeah, this is a pamp bar though and is minted, so i dunno why they'd need to shave the corners to adjust the weight.
     
  8. Guest

    Guest Guest

    A 10oz Gold bar. I think I'm in love!

    Do you sleep with that under the pillow? I think I would... ;)
     
  9. duplo

    duplo New Member

    Joined:
    Nov 30, 2010
    Messages:
    37
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Sydney
    haha i wish, it's so nice - fondled it for a while, but now it's locked away :(
     
  10. lakesentrance

    lakesentrance Member

    Joined:
    Dec 15, 2010
    Messages:
    275
    Likes Received:
    3
    Trophy Points:
    18
    Location:
    Australia
    Me too
     
  11. chimpanchu

    chimpanchu New Member

    Joined:
    Aug 7, 2009
    Messages:
    1,634
    Likes Received:
    3
    Trophy Points:
    0
    Location:
    Australia
    You'll get a bruise on your head when you wake up in the morning.
     
  12. Smoothcriminal

    Smoothcriminal New Member Silver Stacker

    Joined:
    Oct 29, 2010
    Messages:
    1,426
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Perth
    It's probly a OH & S thing so some numbnuts doesn't poke their eye out and sue them adding to the list of law suits made by people that should be removed from the genepool.
     
  13. peteredward

    peteredward New Member

    Joined:
    Jan 11, 2011
    Messages:
    2
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia

    well if u gotta lose an eye this sounds like the classiest way to do it...
     
  14. bungo

    bungo Member

    Joined:
    Jul 8, 2009
    Messages:
    123
    Likes Received:
    3
    Trophy Points:
    18
    Location:
    Melbourne
    I'd love to be the OH&S assessor!
    "So how did you poke out your eye, again? On a gold brick? Seriously?"
     
  15. President Trump

    President Trump Well-Known Member Silver Stacker

    Joined:
    Jun 26, 2019
    Messages:
    311
    Likes Received:
    294
    Trophy Points:
    63
    If you were still sleeping with it under your pillow, the corner might help you deal with the thieves.
     
  16. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    4,499
    Likes Received:
    1,182
    Trophy Points:
    113
    Location:
    Treasure Island
    Did you say 100 oz? :D
     
  17. Silverling

    Silverling Well-Known Member Silver Stacker

    Joined:
    Aug 13, 2017
    Messages:
    1,586
    Likes Received:
    1,947
    Trophy Points:
    113
    Location:
    NSW
    This is an old thread dating back to January 2011. The price of gold then was around $1,375 AUD. So that 10 oz bar cost $13,750.
    Fast forward 9 years + the price is $2,685 AUD per oz. So this 10 oz Gold Bar is now worth $26,850. Nice tidy profit showing almost double. I wonder if the OP sold it or not. It's a pretty good darn investment for this time frame.:)

    upload_2020-4-14_6-14-38.png
     
    66rounds likes this.
  18. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    5,343
    Likes Received:
    3,451
    Trophy Points:
    113
    Location:
    P!MP land-Seedeneey
    Would've been $28000 if the bar was not shaved off...:mad:
     
    Silverling and 66rounds like this.
  19. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    4,499
    Likes Received:
    1,182
    Trophy Points:
    113
    Location:
    Treasure Island
    26,850 $ is way above spot price. How come? Collectors pay well over spot? :D

    It is worth <16,000 $ according to spot. Still, a nice price and there's a nice 2,000+ $ gain.
     
  20. Silverling

    Silverling Well-Known Member Silver Stacker

    Joined:
    Aug 13, 2017
    Messages:
    1,586
    Likes Received:
    1,947
    Trophy Points:
    113
    Location:
    NSW
    Sorry my friend, that's in Australian dollars which is spot. Cheers.
     
    TreasureHunter likes this.

Share This Page