I tried using the search function but could not find anything about silver shots. I was wondering if anyone here trades silver in this form. Will premiums be lower? Thanks.
Shot comes up from time to time in the for sale forum here. Prices have been roughly spot, whereas the cheapest bars usually have a small premium. The other cheaper methods on here are 1966 round 50c's, Pre-decimal and jewellery/silverware (usually .925) which go for spot or less.
CK did some shot sales here a few months back and I picked up an ounce. It's actually really nice stuff
I wouldn't buy silver shot for investment purposes - there's no way to prove to a buyer that every granule in a bag full of shot is 999 silver, about the best you can do is get it re-refined, assayed and cast into bars. Neat stuff to have an ounce or two of though just to understand the stuff, and of course if you're looking to get the blowtorch out in the shed and play with a bit of silver.
Thanks for the replies. I'm trying to explore other forms of silver that's as close to spot as possible. Just not sure if stacking shots for trading is feasible considering availability and demand.