What was the best price you got physical silver at?

Discussion in 'Silver' started by SilverDJ, Nov 8, 2019 at 2:07 AM.

  1. SilverDJ

    SilverDJ Well-Known Member

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    I was lucky and got into all this after the big drop that happened before 2014 and have accumulated most of my silver at or around the AU$20-21 mark, bit more depending on type.
    Cheapest I ever got was $668 for 1kg lunar horse, or $18.94/oz
     
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  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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    If I recall correctly I was at $21/Oz for 150oz of mostly predecimal which I sold at $27/Oz. Only a few pieces of sterling jewellery left
     
  3. ozcopper

    ozcopper Administrator Staff Member

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    I paid $180 for my 1st kilo bar.
     
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  4. Michael Stevens

    Michael Stevens Member

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    ***Winner***
     
  5. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Would be interesting to know what portion of the average weekly wage that was.
     
  6. ozcopper

    ozcopper Administrator Staff Member

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    It was sometime in the late 1980's. I bought it from a coin shop. I remember in 1985 I was a junior working at Target and earning $160 after tax. My previous job before that was as a store man at Ford and I was earning $102 per week then after tax. I remember leaving Ford to work at Target and those three extra $20 notes in my pay packet every week seemed like a lot of money.
     
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  7. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    I paid 50c for my first 1966 round 50. :)
     
  8. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Wow so actually pretty close, if not more expensive than comparing to a weekly wage of $900 for a kilo at $800 today.
     
  9. ozcopper

    ozcopper Administrator Staff Member

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    True, but it actually shows how the metal has retained its purchasing power versus currency over time!
     
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  10. Arch

    Arch New Member

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    FOR A LUNAR HORSE!! THATS A BARGAIN, great job.
     
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  11. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    I was buying pre dec below spot on eBay at around spot $15 / oz.

    I wasn't a stacker at the time, around 2006 I guess, just a coin collector recently moved over from the UK and I was putting together a set of Australian decimal coins from circulation. I heard about the round 50 and figured I would never get one in change.

    So I went on eBay to try and buy one and they were about $4.50 each. Which I worked out to be just below spot.

    I figured that you could buy silver for less than it was worth and you got a coin as well.

    So I looked around and there were loads of auctions finishing below spot value.

    I just bid on all of them, with a top bid that was equal to the spot value of the items less the postage costs.

    I lost about 9 out of 10 of the auctions but everyone that came in was cheaper than spot.

    I think 300 post 3p coins was probably the biggest bulk purchase but I had lots of smaller packages every week.

    I miss those days!
     
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  12. SilverDJ

    SilverDJ Well-Known Member

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    From a dealer too. Without checking it must have been the low dip to AU$18.09/oz around Nov 2014.
    Yep, checked - 10th Nov

    upload_2019-11-8_15-2-39.png
     
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  13. ozcopper

    ozcopper Administrator Staff Member

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    OK, it's gold, not silver:

    [​IMG]

    [​IMG]

    [​IMG]

    [​IMG]
     
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  14. openeyes

    openeyes Well-Known Member Silver Stacker

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    Some very cool examples here. My first purchase of silver was when it was priced just over $8 per oz. I bought pure silver (not sure exactly how pure) speaker cables for my home setup. Couple of kilos. Quite a luxury. Still have them.
     
  15. Revils

    Revils Active Member Silver Stacker

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    I bought lots of stuff too Nov 2014 from Perth Bullion (10oz and 5oz coins mostly).

     
  16. JOHNLGALT

    JOHNLGALT Well-Known Member

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    "What was the best price you got physical silver at?". Why would you publicly disclose your private finances?
    A lot of people probably lost their purchases in that unfortunate 'boating accident', which happened as their mates were eyeing the Whiskey in the boat.
    BOAT_Whiskey_2.jpg

     
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  17. SilverDJ

    SilverDJ Well-Known Member

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    With hindsight that was the lowest point for 5 years before and 5 years after.
    Did anyone successfully call the bottom?
    I made a call on here were I said anything under AU$20 was "cheap"
     
    Last edited: Nov 8, 2019 at 7:52 AM
  18. milled

    milled Active Member

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    best price was a round 50 in the change from a coke machine
     
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  19. Junk Silver

    Junk Silver Member Silver Stacker

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    This does not compute. You need to adjust for Troy ounces so not quite that cheap per oz. I picked up a 1 kilo bar on the 14-11-14 for $660 from a dealer so good price on the horse.

    My cheapest was an auction for some Masterpieces in silver sets from here that I ended up winning for about $14.40/oz in 2015.
     
  20. madaw1

    madaw1 Active Member

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    The best price were couple of $2 coins/colour ones /from 2012 and 2013 in the change. Seriously gold panda 1/10oz year 2000 frosted rim-$380. MS-69
     

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