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Disclaimer: I know next to nothing about precious metals.
Right now, silver is valued at approximately $16 per ounce.
So then I see this very cool item I would love to add to my Horseshoe/Binion's collection:
It is a "1 oz .999 silver ingot bar". It is selling for $355.
Obviously, as a collector, I am well aware that collectibles can be much more expensive that their "intrinsic" value.
But is the intrinsic value of this bar only $16? Or is it much higher?
Is this item rare?
Any info would be appreciated. Thank you..
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