If you had the choice to purchase a 1kg bar or 1kg coin which would it be if they were the same price and from the same mint? and why
One of each.. Because they both have their pros & cons. Just choose wisely for both, especially if you're not going to be much of a kilo buyer..
Same price? The coin. That seems odd though, is it a very expensive bar for some reason? If so you should consider a cheaper bar. If it's a very cheap coin though I would go with that.
Both are Perth mint $840 1 kg coin http://www.bulliondeals.co.nz/buy-s...ategory=4184402&mode=product&product=17824569 $860 silver 1kg bar http://www.bulliondeals.co.nz/buy-s...ategory=4184402&mode=product&product=29172295 Why would the bar be more expensive?
That is weird. Kilo PM coins are usually at least AUD30 more compared to standard 999 1kg PM Bar. Also noticed on coin listing 1st title 2014 1kg coin 2nd title 2015... Doesn't match. Many senior members of this forum will tell you that 1kg PM bar is always cheaper than same conditioned 1kg PM Coin from same dealer at the same time. Unless they are trying to get rid of it asap and selling it for spot maybe>??? Besides you can sell 1kg PM bar in less than a millisecond Coins are most popular in 1oz. But again if no catches and if 1kg coin is genuinely cheaper you might wanna buy it. coin AUD744 CHEAP/ON SALE? bar AUD 762 is EXPENSIVE kilo pm bar in Australia about AUD710 to 720 kilo pm coin about AUD 760
In the US right now, Provident is charging $524 USD for a kilo bar and $601 for a kilo 2015 Kook. Apmex is charging $543 to >$700 for kilo bars and $566 for a 2015 kilo Kook or Koala. The kilo bar will resell easily and quickly but the kilo Kook/Koala will have a smaller group of potential buyers, so it'll be more difficult to resell. Bottom line = choose your vendor, take your pick and good luck!
Coin, definitely, because coins have much wider appeal to collectors who are willing to pay more to complete a series. Also, kilo coins will have a declared (and much lower) mintage but blobs will not. Blobs can be minted to unlimited numbers. This factor alone can be an important selling point. At the end of the decade, there could be 10 million or more of those bars out there on the market. I certainly would not pay a premium for that....spot and a few cents will always be my buy price on blobs like that. http://www.perthmint.com.au//docume...ra_Silver_Bullion_Coin_Series_1990_-_2015.pdf .
Definitely correct... unless your coin develops milk spots, which altogether too many new bullion and "semi-numis" coins (including Libertad BU's and proofs as well as Perth Mint BU's and proofs) are doing these days... in which case you'll have an unusually fancy/pretty "blob" that'll probably fetch you no more than "blob" money. As the old carnival barker said, "Ya pays yer money and ya takes yer choice."
In this case? I'd pick the coin, most definitely.. As long as there's nothing wrong with the Kook, that is. I'm not familiar with the NZ market, so not sure why it would be cheaper than the bar. Certain kilo coins can be awesome, and certain kilo bars can be, too. If it's in the budget and/or could be saved up for, having one of each is an experience in its own right.
Wouldn't it depend also on why your purchasing it? Whether for investment or collection? For $20 diff on a kilo its really nothing. To me the importance of successful and easy resale if necessary would always outweigh $20 savings initially. The coin is always nice though.
Niether, 1kg is too big in my opinion. Stick to your local 10oz bar and if you live in Australia 1 oz lunar coins at the time of issue. Keep it simple and more enjoyable. Over the years the Lunars have been the only silver bullion worth holding....But hey don't take my word for it. However if you must - The 1kg coin for the possible added collectable value down the road and at the end of the day if silver becomes worthless you can still get $30 Dollars for it....Just kidding, that would never happen...
