When is a lowball offer insulting?

Discussion in 'Silver' started by HoneyTree, May 4, 2020.

  1. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

    Joined:
    Mar 16, 2019
    Messages:
    3,598
    Likes Received:
    3,452
    Trophy Points:
    113
    Location:
    Colorado USA
    We get lowball offers daily on ebay but we just block them.
    There are serious buyers right behind them everytime.
     
  2. tomfernandez

    tomfernandez New Member

    Joined:
    Aug 24, 2014
    Messages:
    19
    Likes Received:
    0
    Trophy Points:
    1
    Location:
    Between Hope and Dispare
    Up to 10% under spot might be justified, depending on the brand of the product and if it is "retail friendly".
     
  3. Jason1

    Jason1 Well-Known Member

    Joined:
    Aug 9, 2019
    Messages:
    1,191
    Likes Received:
    1,346
    Trophy Points:
    113
    Location:
    Qld
    lol, nah making offers 10% under spot is low balling for pure bullion.
    Doesn't matter what the brand is, bullion is always going tobe worth at least melt price, hit it with a hammer, run over by a train and its still worth spot.

    but if your talking offers under spot for garbage none Bullion scrap PM then yer sure that might be fair.
     
    Last edited: May 10, 2020
    Silverling likes this.
  4. dollars

    dollars Active Member Silver Stacker

    Joined:
    Aug 31, 2010
    Messages:
    909
    Likes Received:
    174
    Trophy Points:
    43
    Location:
    Western Australia


    Nah

    Offers 10% under spot is bullion industry standard

    Try Perth Mint or any of the coin or bullion dealers. Your in Queensland What is Ainslie buyback price?

    Not withstanding bullion now’s conditional offer or the Singapore dealer offering spot plus with the current shortages
     
  5. Jason1

    Jason1 Well-Known Member

    Joined:
    Aug 9, 2019
    Messages:
    1,191
    Likes Received:
    1,346
    Trophy Points:
    113
    Location:
    Qld
    yer If your a dealer sure. but saying that there are dealers who pay spot.
    You would have tobe desperate to sell to a dealer any ways when 99.99% of people privately would pay at least spot. thats like selling a car to a car dealer.

    you cant walk into a dealer and pay spot or even close.
    as for Ainslie's buy back price, those guys are a rip off to buy from and to sell to. lol
    Ive never in my life sold to a dealer, to many private buyers who would pay more than spot.
     
    Last edited: May 11, 2020
    dollars and Silverling like this.
  6. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

    Joined:
    Jul 1, 2009
    Messages:
    7,091
    Likes Received:
    4,579
    Trophy Points:
    113
    Location:
    R.I.P
    Just got the latest buyback offer from Bullionlist.
    They are offering $780 for 1 kg Perth Mint bars. That's around $10 bucks above spot and nearly $50 a kilo better than ABC :eek:
    I think their buyback prices beats every other dealer at the moment.
    No limits as well!
    If bullion dealers won't increase their buyback prices, sell it elsewhere.
     
    dollars, Jason1 and Silverling like this.
  7. Ag bullet

    Ag bullet Well-Known Member

    Joined:
    Dec 27, 2013
    Messages:
    1,582
    Likes Received:
    1,574
    Trophy Points:
    113
    Location:
    SE QLD
    can you please elaborate?

    i have found them to be the cheapest (in terms of total cost to my door with insurance) i've looked at and have found them easy to deal with. awaiting an invoice from them right now actually.
    cost me $31.90 for fully insured shipping.
    a quick look at bullionlist doesn't give info about insurance offered.
    bullion now charges $15/kg for shipping and .75% of order for insurance.
    perth mint charges $17.5/kg for shipping and 1% of order + GST for insurance.

    that's more expensive than ainslie's total.
     
    dollars likes this.
  8. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

    Joined:
    Jul 1, 2009
    Messages:
    7,091
    Likes Received:
    4,579
    Trophy Points:
    113
    Location:
    R.I.P
    Actually Bullionlist shipping and insurance is far less than Ainslie, Bullionnow and Perth Mint.
    They just charge a flat $15 a kilo
     
    Ag bullet likes this.
  9. Ag bullet

    Ag bullet Well-Known Member

    Joined:
    Dec 27, 2013
    Messages:
    1,582
    Likes Received:
    1,574
    Trophy Points:
    113
    Location:
    SE QLD
    ^^does that $15 include full insurance?? i couldn't find anything on their website that even mentions insurance.
     
  10. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

    Joined:
    Jul 1, 2009
    Messages:
    7,091
    Likes Received:
    4,579
    Trophy Points:
    113
    Location:
    R.I.P
    I am pretty sure that once you sign for the package, they're off the hook
    $15 a kilo shipped and insured was what I was quoted
     
  11. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

    Joined:
    Jul 1, 2009
    Messages:
    7,091
    Likes Received:
    4,579
    Trophy Points:
    113
    Location:
    R.I.P

    Just give Joe a call to confirm!
     
  12. Jason1

    Jason1 Well-Known Member

    Joined:
    Aug 9, 2019
    Messages:
    1,191
    Likes Received:
    1,346
    Trophy Points:
    113
    Location:
    Qld
    I like bullionlist, Typically their Prices are very good, Obviously right now while shortage of supply its all a bit silly on premiums.
    As far as buy backs go Imperial in Chermside are usually better priced with their sell price on buy backs, But I wouldnt sell to imperial as their buy price is well below spot,
    Similar to Ainsley on that aspect, but cheaper Typically to buy from with Buy backs than Ainsley is. Some times it does depend on the day. But then for us who can drive to these places, parking for Ainslies is expensive.
    As far as new stuff goes, Bullionlist is a good source, KJC would be awesome if their shipping wasnt so f'n expensive.

    Just to avoid confusion, Im talking in normal trading situation, the whole covid thing has f'ked the whole thing up lol

    EDIT, also pretty impressed with bullionnow offering bars from smaller local refineries, Smaller refineries make some pretty good stuff Here in Aus
     
    Last edited: May 11, 2020
    Ag bullet likes this.
  13. slavaja

    slavaja Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2010
    Messages:
    1,074
    Likes Received:
    748
    Trophy Points:
    113
    Location:
    Melbourne
    Auspost doesn't offer insurance on bullion. If you want insurance on your parcel buy from perthmint because they use toll and are fully insured
     
  14. Ag bullet

    Ag bullet Well-Known Member

    Joined:
    Dec 27, 2013
    Messages:
    1,582
    Likes Received:
    1,574
    Trophy Points:
    113
    Location:
    SE QLD
    ainslie sends via startrack couriers to the post office fully insured. sign on delivery.
     
  15. slavaja

    slavaja Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2010
    Messages:
    1,074
    Likes Received:
    748
    Trophy Points:
    113
    Location:
    Melbourne
    Ahh didn't know that I guess you go through them too.
     
    Ag bullet likes this.

Share This Page