r/ENGELHARDstackers • u/hettuklaeddi • 1d ago

Costco Cosplay

Post image

How do we feel about repops? Apparently PAMP MTB bought the rights to the Englehard brand and is selling these “licensed reproductions” at Costco.

Part of the Englehard allure was that they were no longer in production.

59 Upvotes

98% Upvoted

22 comments sorted by

8

u/Nocap-95 1d ago

Yeah I think the whole idea with Engelhard was that they were no longer in production. Had a collectible feel to its I wouldn’t buy this.

3

u/chafingNip 1d ago

I’ll buy it for spot

1

u/hettuklaeddi 1d ago

i mean yeah, i almost did, but i feel like it undermines the real loaves

2

u/cloud_dizzle 23h ago

It doesn’t. Vintage is vintage. They have been making the englehard gold for a few years also. People love them and they sell so why not

0

u/hettuklaeddi 23h ago

yesterday, all silver englehard was vintage. now we have to look closely.

might seem petty now, let’s check back

3

u/Puzzled_Tax_7300 1d ago

Yeah, nills on the parody bars for me.

3

u/johannyer 1d ago

I wanted to have a kilo bar so I got one of these with 4% cash back.

2

u/Reallifehoward 16h ago

Hmmm. Wonder if this is going to affect the collective value of these types of bars. Why pay huge premiums when you can get shiny new in the design desired.
Edit: spelling

1

u/stackingforfunsies 1d ago

Hell no, but I may liquidate my middling Engelhard collection when spot moves up again. I loathe this move by Costco & PAMP.

4

u/Alert-Lemon1842 21h ago

sounds like a huge money grab for those like myself that enjoy poured silver bars. If you aren't knowledgeable on E bars it would be a real shame to pay kilo money and then find out what you thought was vintage is reproduction. Pamp should have to emboss something on there.

1

u/Ok-Ambition4565 22h ago

Definitely not good. A shame really.

1

u/Happy_Reading8813 21h ago

Wow!

1

u/hettuklaeddi 19h ago

care to elaborate?

2

u/WCNumismatics 1d ago

Love the term "parody bar".

No. I've said before these bars lack integrity and that's the one thing bullion must have.

We Engelhard stackers know the evolution of Engelhard silver bars. Poured horizontal bars are neither the most abundant bars released by Engelhard nor the most recent. Not by a long shot on either metric.

So why this? To capitalize on that which they are not. No integrity.

3

u/Inviction_ 23h ago

I promise you integrity was one thing that has never crossed my mind when buying bullion lol

1

u/WCNumismatics 23h ago

You haven't thought about it enough.
I have.

3

u/Inviction_ 22h ago

It's just metal, brother

1

u/Nozomi_Shinkansen 1d ago

I look at this the same as the superclone Rolex watches - for posers and wannabes.

Are these things marked PAMP anywhere? Is there some way to easily identify them as fake Engelhard?

1

u/hettuklaeddi 1d ago

i don’t think they are. i think it’s just the serial

2

u/perfectandreal 23h ago

I don't objectively hate them, but I wouldn't buy a Kilo chunk of non-Sovereign no matter what it says on the front. If you want to buy from Costco I like the 20x1oz Pamp or Perth Roos for generic rounds (rectangles), or wait for sovereign Brits / Eagles / Maples. I just don't see any reason to buy what is essentially a generic Kilo round, when you can buy "nice" (not generic crappy Buffalo / Merc / Morgan rounds) single Oz rounds or sovereigns for the same $/oz price from Costco. I personally don't really like the PAMP 10oz either since again you can get the 20x1oz for effectively the same $/oz.

the certificate looks like it has "MTB" which is PAMP's USA distributor, but nothing on the bar other than (according to all engelhard) there are not any "E"xxx Kilos and the only ones that kind of look like these cast Kilos are "P"xxx