Ok, thanks for expanding on that. I didn't quite understand what he meant by that, but this fills in the blanks. Ahh ok, I see. Fortunately, I have a couple of mates who have decent sized collections and are willing to shift various pieces at spot as they need the cash at present. So I save on any premium the retailers add, plus shipping and insurance, as they are close by. Are people more after coins on these forums, or it's a bit of everything? Is there something that is widely known as hard to shift?
Keep an eye on some the bigger bullion shops in your capital city. Some of them have various items on sale be them silver bars, gold and silver coins etc. It's usually buy back stuff so quality isn't guaranteed but purity is. ABC in Sydney had a sale on 1 oz silver coins the other week. They were returned silver Eagles, Maples, Kanga's and some others which they allocate at random when you purchase... no choice you get what they give you, but for the price I paid being AUD22.00 each it wasn't a bad deal. Ended up with a batch of perfect Maples for a good price as opposed to their retail price at the time.
Ahh nice. How do I find out about these? Sign up to various newsletters, or the sales are posted here on this site? One of my mates is parting with some maples, eagles and kangas at spot, so I'll be snaveling some of them too. And some Lunars.
ABC send s daily email but I just keep an eye on their web sites... such as below. https://www.abcbullion.com.au/store/Sale https://www.kjc-gold-silver-bullion.com.au/CT/silver-on-sale/220201 Opening a/c account with such companies is usually free and I do get a daily email from ABC re pricing and maybe other news.
some dealers don't do buy back, most will, majority will take in anything; others may take in selections this is a free markets, you will need to check them out...they may change from time to time and into the future subject to market conditions
I wouldn't completely rule out eBay, but it depends what you're looking for If you just want generic rounds, bars etc then eBay isn't the place to go, but if you're into more numi/limited mintage stuff or anything else really you can get some amazing deals on eBay if you know what you're doing and are willing to put in the time to search regularly It's not often I find great prices for "Buy It Now" stuff, but I've won many auctions and got some crazy bargains because I regularly searched certain key words etc and put in the time, which isn't that much actually, maybe 10-20 mins a day or so if you know what you're wanting. Auctions aren't great as a seller, but as a buyer and in this current market, you can really scoop a deal
PS I brought my first new stack of silver... and 1 ounce of gold. I am looking for more ways to know how to get it at right price, etc. I brought it in brisbane via Ainslie bullion and they charged me 714$ for 1 kg. is there any other place you get it for cheaper.
Well that goes without saying. For anyone new to metals, I would strongly suggest you do fair amount of research to build your knowledge base - that in turn will educate you and help you make better purchase decisions This thread, and many others on this forum will give you plenty of information about all of the available dealers we have here in AUS In regards to the 1KG bar you bought, there are other dealers who are selling them cheaper than $714, but then you'd have to factor in postage too, so $714 F2F isn't bad This forum is almost always the cheapest way to buy
$600 for a 1kg bar? https://www.gumtree.com.au/s-ad/que...s/1-kg-abc-bullion-cast-bar-silver/1212337544
Yep ... that's a pretty good deal. The jewellery stores are charging about $740 for 1kg perth mint bars at the moment.
He's probably got several bars, all with different serial numbers. As for the low price ???? Desperate to sell fast? Typo ?
Because dumbtree is full of scammers Anybody who thinks they can buy of dumbtree below spot is waiting to get scammed
Hmmm you've probably hit the nail on the head. To be honest I didn't even consider scammers. Goes to show, it's not worth making a PM purchase online without eBay / PayPal style buyer protection.
It's choc a bloc full of people wanting insane prices or people dodgy af. Thieves and worse. Saw one idiot trying to sell a 1930 penny for about five grand under fair value. Tried to say he found it in his grandfather's drawer. One small problem - it looked exactly like the aliexpress Chinese knockoff version. It probably didn't occur to this person that anyone can look at images online and that sane person would take it to a dealer and get it appraised, given the high value of a real one. No rational person would just put it on gumtree and stiff themselves out of 5k. Crystal meth is widely used in Australia unfortunately and is well known for what it does to people. I would keep your eyes well in front of your head buying any coin or bar on gumtree. There are a few people with a large collection they are trying to sell off in their older age for whatever reason, but typically imo these people have the idea that you are going to pay the price you would in a shop or even more. Yet they pay no tax, no overheads.
back in the days when I lived in Perth, I had an ad on Gumtree looking for big stashes of round 50 cents. I would get one or two real bites a month and meet them in the lounge of my bank two blocks away. Paid spot price. Lots of bozos just calling to know why I was buying, too, but that goes with the territory