What is a good price above spot for bullion?

Discussion in 'General Precious Metals Discussion' started by Blastoise, Aug 23, 2015.

  1. Blastoise

    Blastoise Member

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    Just wondering what is a good price above spot when dealing with coins and bars?

    I have been quoted

    NZ$880 shipped for a 1kg Perth mint bar, approx $27.5 per oz

    NZ$552 shipped for 20 x 1oz walking liberty, approx $27.6 per oz

    Considering spot is NZ$22-$23 is this $4-5 above spot reasonable?

    Cheers
     
    Blastoise, Aug 23, 2015
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  2. 1for1

    1for1 Well-Known Member

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    reasonable yes
     
    1for1, Aug 23, 2015
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  3. billybob888

    billybob888 Well-Known Member Silver Stacker

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    I can sell you some canadian maples at $26.5 NZ dollar if you want
     
    billybob888, Aug 23, 2015
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  4. Blastoise

    Blastoise Member

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    Hi, maybe interested depending on condition, year and how many you have. Do you have rolls of 20?

    Cheers
     
    Blastoise, Aug 23, 2015
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  5. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    $150 over spot for a bar is a little rich, I'd be looking for around $1 or $2 an ounce over spot max unless there's something special about it. $26.50nzd isn't bad for maples though, if the shipping is reasonable it's probably a good deal but make sure you always factor that in. I'd take maples over walking liberties any day.

    You should have a look at some of the bigger bullion websites even if they are here in Australia, like perth bullion, then use them as a yard stick for roughly what's reasonable.
     
    phrenzy, Aug 23, 2015
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  6. billybob888

    billybob888 Well-Known Member Silver Stacker

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    Pm'ed
     
    billybob888, Aug 23, 2015
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  7. billybob888

    billybob888 Well-Known Member Silver Stacker

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    Actually the shipping cost and currency conversion cost will make it more expensive than buying from nz
     
    billybob888, Aug 23, 2015
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