Hi All I've noticed that when purchasing PAMP 1kg silver bar, it comes with a certificate. What happens if you lose the certificate? Does it loose value if you decide to resell it? Veryugly
Bullion is bullion when it comes to selling. It might be easier with a certficate, but unlikely to affect the price much.
I asked this question to a coin dealer. They said the Certificate means NOTHING! In fact if you sell him a PAMP bar and bring along the certificate, they'll just throw away the certificates and only keep the bars. The Certificates are only for formality. I bought heaps of PAMP 1kg bars from ABC Sydney, sometimes they don't give certificates with the bars another time they do. If certificates mean something, then no body would buy ABC silver bars or Perth Mint bars which comes without certificate.
That's right COA is nice to have but absolutely not necessary. UNLESS what you're buying is collectible numismatic coins.
Hi folks, I'm new around these parts but have a similar quick question. I recently purchased my first Australian silver 1ozt coins (Koalas and Kangaroos). Wow, they are beautiful pieces. Bear with me if this is a terribly dumb question, but does removing the coins from those illustrated presentation cards destroy value? For storage purposes, the card seems inconvenient. I cannot tell if the coin is encased in a regular capsule or if it is in some special capsule built right into the card. Your board has a fantastic vibe to it - hope you don't mind me eavesdropping. I especially love your "What did I buy today" thread Cheers from Canada!
SirMoz, Welcome to the best (only?) PM forum in the great land of OZ. If I get a carded coin that is how I keep it. Best problem to have is storage. That means you have a lot!!!
Let's be honest, what does the COA do for you? In an environment where silver is going ballistic and you want to sell, I can't see how a COA will make the silver any more desireable. What's more, in such an environment, people will be forging the crap anyway. PAMP already mark their bars anyhow. I think the COA is just a formality.
Like I said before, if it gets to the point where you're looking to sell and the market is through the roof, your COA won't matter. We're already seeing an explosion of fakes out there at $30 silver. What do you think we'll get at $200 silver and above? XRF machines will be common place with mainstream buyers at that point - a necessity I think - in order to conduct fair business and trade. A COA is easy to cheat, the XRF will have the final say.
If a dealer needs a COA to tell whether the product is kosher; he is probably not qualified to do his job. It is really annoying to source a bar with a core sample taken out because a dealer doesn't recognize the brand. Some really beautiful vintage Harrington bars has suffered at the hands of these rank amateurs. Once it's cored even if it is miniscule, the bar is devalued by $10