List of recommended dealers

Discussion in 'General Precious Metals Discussion' started by HeavyMetal, Jan 20, 2011.

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  1. HeavyMetal

    HeavyMetal New Member

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    Hey people,

    Is there a thread somewhere which lists all the Australian-based PM dealers, that people have used and can recommend as legitimate?

    I am aware of:

    Perth Mint
    Ainslie Bullion
    Gold Bullion Australia
    Australian Bullion Company (Sydney & Melbourne)
    Aurora Et Luna
    KJC Coins
    W Davis & Son

    Have I missed any? Especially any who sell bullion bars?

    Have anybody got feedback, good or bad, on any of the above?

    Thanks
     
    HeavyMetal, Jan 20, 2011
    #1
  2. mistered

    mistered Member

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    Maybe GP can raise some revenue by selling a "stackers approved" logo to the dealers who meet some basic criteria for service, security, delivery etc.?

    It may provide some comfort to new stackers who aren't familiar with established dealers.

    Mistered.
     
    mistered, Jan 20, 2011
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  3. Dynoman

    Dynoman Active Member

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    Anymore thought's on the directly linked PM sale site GP. Perhaps it would make it easier for everyone ? And undoubtedly profitable for the proponent.

    It's all getting a bit crazy here.
     
    Dynoman, Jan 20, 2011
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  4. goldpelican

    goldpelican Administrator Staff Member

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    Any queries regarding the edits to this thread, please PM me.
     
    goldpelican, Jan 20, 2011
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  5. Guest

    Guest Guest

    how about ROO???
     
    Guest, Jan 20, 2011
    #5
  6. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    Roo is a strange creature, rarely heard from and almost never seen in the wild, occasionally coming online to drop cheap bullion on the fortunate souls who inhabit this forum.
     
    Big A.D., Jan 20, 2011
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  7. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Who you callin' a querie ? ;) :p
     
    Clawhammer, Jan 20, 2011
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  8. millededge

    millededge Active Member

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    I'll add a few

    I'm no longer collecting round 50s but here are 3 or 4 places I have shopped for these items at reasonable prices

    Melbourne:

    Southern Cross Coins
    http://www.southerncrosscoins.com.au/

    4 Station St Nunawading
    03 9878 1711
    0400 880 180 After Hours (I guess there could be an emergency)

    IS Wright
    http://www.iswright.com.au/shops.php
    241 Lonsdale St
    03 9650 2345

    Sydney (CBD):

    MR Roberts (Wynyard Coin Centre)
    7 Hunter Arcade (Wynyard Station)
    02 9299 2047

    Strand Coins
    http://www.strandcoins.com/
    Shop 1C The Strand Arcade
    02 9231 6694
     
    millededge, Jan 20, 2011
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  9. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    My 2 favourites in Melbourne ( and best prices )
    Captaincookaburra
    W.D & sons
     
    spannermonkey, Jan 20, 2011
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  10. Cinvalo

    Cinvalo Member

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    Cinvalo, Jan 20, 2011
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  11. Norrin Radd

    Norrin Radd Member

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    Norrin Radd, Jan 21, 2011
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  12. kev

    kev Member

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    I'm trying to come to terms with the lower buy back price that ABC use. In comparison to KJC's 'we buy back at the spot price', i just can't see why i'd not always go with this option. Unless of course there was a major difference in the original purchase price. Which I have't seen.
    ALso what do people think about the ABC brand of silver bars?
     
    kev, Jan 24, 2011
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  13. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    Spot is the minimum anyone should accept for their silver bars.
    ABC bars are industrial and plain and I will only pay spot for them.
    Bars which should command a premium above spot is Perth Mint and Pamp. Premiums on these bars buybacks has dropped since the recent silver shortage.
    I have never refused to buyback kilo bars since I have been in business and I have never paid less than spot.
    So why do business with people who offer you less than spot?
     
    Aurora et luna, Jan 24, 2011
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  14. goldpelican

    goldpelican Administrator Staff Member

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    Presuming you're talking about ABC in Sydney (there's another ABC in Melbourne that's unrelated), their bars are well recognised in Australia - but as AEL said, Perth Mint and PAMP products generally attract a resale premium. Given though that the amount is maybe $10-$20/kg, and fairly static, if you're just looking for exposure to silver spot price movements, there's absolutely nothing wrong with ABC bars. Say you were buying 5kg of them, you could plow the extra $50-$100 saved into a couple of 1oz coins.

    Perth Mint and PAMP stuff is incredibly liquid though - price a Perth Mint, PAMP and ABC bar at the same price, and the ABC will be the last to sell. It's still .999 or better silver, still a kilo, just the market preference.
     
    goldpelican, Jan 24, 2011
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  15. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    I suppose I shouldn't lump all ABC bars together
    The ABC bars from Melbourne are better presented.
    All the very industrial ABC bars I buyback was originally sourced from ABC (Sydney) and Ainslie (Qld)
     
    Aurora et luna, Jan 24, 2011
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  16. goldpelican

    goldpelican Administrator Staff Member

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    Seriously - anyone opening a new bullion business, avoid the initials ABC.

    For what it's worth I don't refer to Ainslie as ABC - but that's the logo that appears on their bars :rolleyes:
     
    goldpelican, Jan 24, 2011
    #16
  17. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    So their goes my idea of opening "Another Bullion Company". Doh!
     
    Captain Kookaburra, Jan 24, 2011
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  18. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    I'm fine...Clawhammer Bullion Australia should avoid any confusion :p
     
    Clawhammer, Jan 24, 2011
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  19. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    Which Bullion Bank?
     
    Captain Kookaburra, Jan 25, 2011
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  20. kev

    kev Member

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    "Roo is great to deal with. I pretty much do all my purchases through him. "

    Where does Roo fit on the list at the beginning of this post? (sorry if I'm slow, today was my first post)
     
    kev, Jan 25, 2011
    #20
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