True value of second hand bullion

Discussion in 'General Precious Metals Discussion' started by RomanControl, Apr 11, 2012.

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  1. RomanControl

    RomanControl New Member

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    Why do Australians stackers put up with premiums on second hand bullion bars and generic rounds?
    The rest of the world doesnt.

    We must be complete numpties
     
    RomanControl, Apr 11, 2012
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  2. hiho

    hiho Active Member Silver Stacker

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    buy premium sell premium, no one loses :cool:
     
    hiho, Apr 11, 2012
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  3. RomanControl

    RomanControl New Member

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    Unless I sell it to someone overseas. And they'll tell me I'm dreamin
     
    RomanControl, Apr 11, 2012
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  4. RomanControl

    RomanControl New Member

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    I'm on a mission.
    A bold crusade to bring second hand bullion bars and round premiums in line with the rest of the world.
    It won't be easy.
    But its just a matter of perseverance.
    Who is with me?
     
    RomanControl, Apr 11, 2012
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  5. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    You'll sell me your stuff at spot?

    I'M WITH YOU!
     
    Big A.D., Apr 11, 2012
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  6. hussman

    hussman Member

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    Well when you want to start selling bullion you bought at a premium for spot then come talk to me, I'd be more than happy to buy them from you :p
     
    hussman, Apr 11, 2012
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  7. Honestcoins

    Honestcoins New Member

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    So spend a few million bucks to create your own refinery or setup a group buy from an american dealer.
     
    Honestcoins, Apr 11, 2012
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  8. RomanControl

    RomanControl New Member

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    Ask anyone ive traded with mate.
    very minor premium.
    even bullion coins
    Alot less mucking around if you're only interested in silver and don't care less about bloody lunar dragons or kookaburra series 1834

    There seems to be no distinction made between bullion collecting and coin collecting with premium princess's
    a coin or bullion which is it?
     
    RomanControl, Apr 11, 2012
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  9. silverfunk

    silverfunk Active Member

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    RomanControl set up a web store, mint your own rounds etc.
     
    silverfunk, Apr 11, 2012
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  10. RomanControl

    RomanControl New Member

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    yes generic spot rounds, say 5 ounces a piece. or whatever fits in the cheapest australia post $1 post
    And traded between us boring spot watchers.
    Yippekiyas a scientist. I don't know what he does at work but theres probably a bunsen burner. He can whip these up in his lunch break

    I wonder what honestcoins pays for nonnumismatic second hand coins and bullion bars in America.
    As in what kind of premium over spot is usual?
     
    RomanControl, Apr 11, 2012
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  11. fishball

    fishball New Member Silver Stacker

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    1oz bars and 1oz rounds tend to have premiums between 50 cents and 1.50 over spot in the US.

    (silver)
     
    fishball, Apr 11, 2012
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  12. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    For once I concur with something BigAD has to say! :lol:
     
    Yippe-Ki-Ya, Apr 11, 2012
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  13. RomanControl

    RomanControl New Member

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    Which is a fair price.
     
    RomanControl, Apr 11, 2012
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  14. Honestcoins

    Honestcoins New Member

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    The best you can find without a special sale going(and it has to be a super special sale usually with slow delivery) are 79 cents over spot for generic buffalo rounds or 89 cents over spot for generic dragon rounds. Both at gainesvillecoins. Both coins are 1oz. Actually right now gainesville has 175 or so generic (random) bars for 69 cents over spot.

    .69
    http://www.gainesvillecoins.com/products/159899/generic-1-oz-silver-bar-.999-pure-silver.aspx

    .79
    http://www.gainesvillecoins.com/products/154673/1-oz-silver-round-999-fine-buffalo-design.aspx

    .89
    http://www.gainesvillecoins.com/products/159122/2012-1-oz-silver-year-of-the-dragon-round.aspx

    They have a 2000 dollar minimum for bank wire.
     
    Honestcoins, Apr 11, 2012
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  15. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    yeh they're cool, but once you've paid postage plus the thieving customs charge it all adds up to more than you realise.
     
    Yippe-Ki-Ya, Apr 11, 2012
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  16. RomanControl

    RomanControl New Member

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    Its cheaper for me to get you to post these to me one at a time, than buy them from the premium princess's here.
    You can even keep 50 cents for yourself
    everyones a winner
     
    RomanControl, Apr 11, 2012
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  17. Honestcoins

    Honestcoins New Member

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    any way to get around the customs thing?
     
    Honestcoins, Apr 11, 2012
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  18. RomanControl

    RomanControl New Member

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    Honest coins once you've done the maths , Pm me. Those 50 cent profits might add up
     
    RomanControl, Apr 11, 2012
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  19. Sultan Pepper

    Sultan Pepper Member

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    You better get buying then!


    Hell you could even buy them, add the premium and sell them here for profit!
     
    Sultan Pepper, Apr 11, 2012
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  20. fishball

    fishball New Member Silver Stacker

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    It's what I do when buying electronics that don't ship over here from the US...

    Cheaper to ship it over there somewhere then here than to buy locally.

    Although I'm not sure it'd be feasible for something like a 1oz round which would only have $1-2 difference in price (unlike electronics which differ by $000s)
     
    fishball, Apr 11, 2012
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