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Value of assay cards for small bars

silverblood

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#1
A lot of 1 oz to 10 oz gold bars are sold in sealed "assay card" holders, basically a plastic blister pack. Coins and most rounds, on the other hand, are typically sold bare, or in tubes. Premiums on coins are generally higher than bars, with or without assay cards.

Based on APMEX prices right now it appears that assay card gets you $10 more per ounce when you sell them back than the same bar without an assay card. The additional premium when you buy a bar in assay card versus not is often more than $10.

So there really doesn't appear to be a good reason to buy bars in assay card, as far as I can tell. So what is the point of an assay card? Is this just a marketing ploy?

If you buy small bars, do you like the ones in assay cards, or do you prefer to buy the naked bars? Why?
 

joe_momma

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#2
I prefer the assay cards - to my mind some reasons include:
1) They're a little harder than unsealed products for our Chinese overlords to copy
2) The bars (.999 pure) are way to soft without keeping them protected
3) The premium is often lower than for rounds (e.g., Pamp spot +14, Krugs spot +30)

That being said, I have Krugs, Eagles, Pamp, and Credit in my hoard (all of which were tragically lost in a boating accident).

Buy at the best price you can find!
 
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#3
I also like the blister-pack assay cards.

In street trading, it protects them, and tells the potential buyer they are probably unmolested.

Some people prefer metal with political imagery on it. I HATE political images on my metal. Reputable private mints are the way of the future!

Anybody who sez different is a bushwacking skaliwag maroon. :)
 

Montecristo

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#4
A sealed bar, like a pamp suisse or suisse credit is definitely going to net you more on the sell end.

I've seen paranoid dealers who insist on drilling into unsealed bars, thereby rendering them scrap, because they are worried about fakes.
 

Solo

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#5
A sealed bar, like a pamp suisse or suisse credit is definitely going to net you more on the sell end.
That may be true at some coin shops, and should definitely be the case at a show with a fair number of dealers, but many LCS's won't pay extra for an ounce of gold in an assay card. I can tell you with certainty the shop down the road from me doesn't ;).

Personally I'm not really a fan of assay card gold as the Chinese have started counterfieting them and you can't accurately weigh or ring the gold if it's sealed in a card. I can't remember which forum it was on, but someone posted pics of fake Pamp's in assay cards and like their other counterfeits, I think you can count on the overall quality of the fakes to increase with time unfortunately :\
 

Mr Paradise

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#6
Yep, the chinese got the counterfeit slabs down so good it's to the point where you have to send your graded slabs into be slabbed and authenticated. :(

Faking assay cards, they leave that kind of work for the Apprentices.
 

Annie

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#8
Tommy: Let's think about this for a sec, Ted. Why would somebody put a guarantee on a box? Hmmm, very interesting.
Ted Nelson, Customer: Go on, I'm listening.
Tommy: Here's the way I see it, Ted. Guy puts a fancy guarantee on a box 'cause he wants you to feel all warm and toasty inside.
Ted Nelson, Customer: Yeah, makes a man feel good.
Tommy: 'Course it does. Why shouldn't it? Ya figure you put that little box under your pillow at night, the Guarantee Fairy might come by and leave a quarter, am I right, Ted?
[chuckles until he sees that Ted is not laughing]
Ted Nelson, Customer: [impatiently] What's your point?
Tommy: The point is, how do you know the fairy isn't a crazy glue sniffer? "Building model airplanes" says the little fairy; well, we're not buying it. He sneaks into your house once, that's all it takes. The next thing you know, there's money missing off the dresser, and your daughter's knocked up. I seen it a hundred times.
Ted Nelson, Customer: But why do they put a guarantee on the box?
Tommy: Because they know all they sold ya was a guaranteed piece of shit. That's all it is, isn't it? Hey, if you want me to take a dump in a box and mark it guaranteed, I will. I got spare time. But for now, for your customer's sake, for your daughter's sake, ya might wanna think about buying a quality product from me.
Ted Nelson, Customer: [pause] Okay, I'll buy from you.
Tommy: Well, that's...
Tommy, Richard Hayden: ...What?
 

Mr Paradise

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#9
I have mostly these 5 gram Pamps. How do you tell if one is fake?
That I don't know my friend, but a video a few years back (can no longer find) of a police warehouse raid in China on a counterfeiting operation that had thousands of spot on Morgans heading to the USA woke me up to the realization that there is a risk with cards/slabs.

See Tommy Boy reference above ^.
 

Montecristo

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#11
JayDubya,

Are those pictures of fakes?
 

JayDubya

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#12
JayDubya, Are those pictures of fakes?
Yes, those are the fakes that are the subject of the long discussion at the other forum.

And I forgot that you can't be a "visitor" there. You actually have to log in to read the thread.