Dads Stuff Posted November 11, 2005 Report Share Posted November 11, 2005 Do people collect those little silver bars? Do grades apply to them? Are they ever worth more than the silver melt rate? Thanks, Linda Link to comment Share on other sites More sharing options...
gxseries Posted November 11, 2005 Report Share Posted November 11, 2005 Basically no. Unless you got very large bar, like over 10oz, they aren't worth that much over prenium. I believe there should be some figure stamped on it, indicating it's weight. There are collectors who collect by the companies who manafactures them, so they can be worth a bit more. You never know By today's exchange rate, 1 silver ounce is about 7.69USD. You can use this site to figure out the exchange rates: http://www.xe.com/ucc Link to comment Share on other sites More sharing options...
Dads Stuff Posted November 11, 2005 Author Report Share Posted November 11, 2005 These are stamped ONE TROY OUNCE .999 FINE SILVER and have an American flag on each side of the Liberty Bell and the Eagle with the words INTERNATIONAL TRADE UNIT across the top. Dang!! Anything this pretty should be worth more than $7 dollars. Thanks Link to comment Share on other sites More sharing options...
28Plain Posted November 13, 2005 Report Share Posted November 13, 2005 They usually go for melt at the coin shop I frequent. I got one with a 1911 A1 Colt pistol depicted on one side. I also got a few with a beautiful nativity scene on them. Link to comment Share on other sites More sharing options...
Metalman Posted November 13, 2005 Report Share Posted November 13, 2005 Do people collect those little silver bars? Do grades apply to them? Are they ever worth more than the silver melt rate? Thanks, Linda Hi Linda I collect the little one oz. bars !! Most of them to a collector are worth about 2 bucks over melt,, but like coins there are always exceptions to the rule, and some can go for multiples of melt. Rick Link to comment Share on other sites More sharing options...
Blackhawk Posted November 13, 2005 Report Share Posted November 13, 2005 I've only got one artbar...it features a moose standing on the edge of a lake and the toning on the piece makes it look like there's a colorful sunset behind the moose. Edited to add the photo...well, I thought that the moose was by a lake, but it appears to be in front of a mountain...LOL. Link to comment Share on other sites More sharing options...
mmarotta Posted November 13, 2005 Report Share Posted November 13, 2005 Depending on the coin store, you will the spread closer or farther from melt, say buying at $1 per ounce under and selling for $1 per ounce over. These "art bars" came out first in the early 1970s. By 1973 they were a rage. Before that, silver plaquettes, medals, etc., served a limited purpose. When silver rose in price, silver art bars became a fad in numismatics as well as among the conservative right, there being some overlap. Watergate, Elvis, Marilyn, trains, cars, guns, and hundreds and hundreds of variations of American coin images, Eagles and Liberties and Buffalos by the ton. Anticipating a total meltdown of the U.S. and global economies, the collapse of fiat under the strain of runaway inflation, many of these were called "units." Internation Trade Unit, One Trade Unit, One International Unit, etc. They were just ounces. Dozens, if not a hundred, ad hoc "mints" sprang up. The U.S. Mint actually went to court -- through the Federal Trade Commission, I believe -- to have the word "Mint" legally reserved for their exclusive use. That did not work. Some of these bars were hawked as instant rarities for as much as $30 each when issued -- which (benchmarked against gasoline) would be like $300 now. The bubble burst. Bars are still made because they are pretty and, hey, the Tulip Craze ended and we still have tulips. So, Silvertowne, among others, still makes bars for anniversaries, Christmas, Graduation, etc. Collecting by Mint is possible. I collect by themes myself. I collect one ounce silver bars from banks. I also like Western themes and there is no shortage of those. I have several different kinds commemorating the Texas Rangers. My best buy was a Martha Mitchell on the Telephone. That and the Watergate Water Bug both bring nice prices even today. Engelhard's "Prospector" rounds, the Monex rounds, etc., continue the tradition. Most collectors do not know that the Engelhard "Prospector" was cribbed from a US coin. The US Mint chased the Washington Mint for making Sacagawea replicas, but some animals are more equal than others. (Speaking of animals, I did not know that female mooses had those big antlers.) By the way -- or "buy the weigh" -- not all one ounce bars weigh one ounce. Weigh the bar. Many of the more reputable run measurably over 31.1 grams per ounce. This error on your side is their way to underwrite your risk. However, I find that the so-called "patriotic" bars are sometimes light, as are other "nice" bars. Also, you need to be sure that the bar is .999 fine and not sterling .925 fine. There is a Silver Art Bar collector society that is an ANA member club: Contact Solano Silver Round Club c/o/ Jan D Henke 1806 San Jose Pl Fairfield , CA 94533-0518 A non-ANA club is the International Association of Silver Art Collectors. Click here: http://www.rivercitycoins.com/iasac.html This old COIN WORLD article has more detailed information: http://www.coinworld.com/news/110303/BW_1103.asp SilverTowne is a primary producer. They work under contract. They have stock designs. They are an ANA member dealer. http://www.silvertowne.com/ I also collect aviation materials and I have a couple of art bars with airplanes on them. However, more important are the older medals, also in silver, commemorating airports, aviators, and plane. Those come from before 1972. I have a short article about silver art bars on Coin Newbies: http://www.coin-newbies.com/articles/silver_bars.html Link to comment Share on other sites More sharing options...
spike Posted November 14, 2005 Report Share Posted November 14, 2005 Great info, mmarotta! So are these art bars cast or stamped? Link to comment Share on other sites More sharing options...
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