Would you buy 1 Kg silver bar from The Perth Mint or from ABC?

Discussion in 'Silver' started by Domenico, May 11, 2020.

  1. Domenico

    Domenico New Member

    Joined:
    Apr 5, 2020
    Messages:
    22
    Likes Received:
    1
    Trophy Points:
    3
    Hi,
    I'm new to the precious metals.

    What's the difference between the two, when is time to sell?

    What I can see is that the Perth mint is in the LBMA-Good delivery list but has no serial number on the bar. And ABC, is not on the list, for silver only, but bars come with a serial number.

    Which one do you guys suggest me to buy?

    I'm located in Australia and I only found these two with a decent premium...
    Thank you
     
  2. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

    Joined:
    Nov 12, 2014
    Messages:
    4,226
    Likes Received:
    1,994
    Trophy Points:
    113
    a generic kg bar is a generic kg bar, doesnt really matter
     
  3. Silverling

    Silverling Well-Known Member Silver Stacker

    Joined:
    Aug 13, 2017
    Messages:
    1,586
    Likes Received:
    1,947
    Trophy Points:
    113
    Location:
    NSW
    I would buy it at ABC and pick them up in person. That would be the cheapest way for me. If postage is required then just get the cheapest from wherever you can find them all in after the postage charges.
     
    sammysilver likes this.
  4. Silverling

    Silverling Well-Known Member Silver Stacker

    Joined:
    Aug 13, 2017
    Messages:
    1,586
    Likes Received:
    1,947
    Trophy Points:
    113
    Location:
    NSW
    It says this on their website:
    ___
    ABC Bullion is a full member of the LBMA.

    ABC Bullion is the only independent bullion dealer in Australia to have full LBMA membership. ABC Bullion joins an illustrious list of just 68 full members globally, including Credit Suisse, Glencore International and the Royal Bank of Canada.

    https://www.abcbullion.com.au/lbma
    ___
     
    STKR likes this.
  5. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,749
    Likes Received:
    6,771
    Trophy Points:
    113
    Location:
    New Gulagland
    Lets price be your determining factor....Perth Mint / ABC makes no diff to me. However as noted by Silverling, postage needs to be factored v if you can buy and take in person.
     
    Jason1 likes this.
  6. sammysilver

    sammysilver Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,925
    Likes Received:
    6,515
    Trophy Points:
    113
    Location:
    Sydney
    Always try to buy locally and pickup personally. Get to know your dealer. LBMA makes no difference to the resale of the bar unless you are selling tonnes internationally. Don’t get hung up over it. By local, cheap, and often.
     
  7. Jason1

    Jason1 Well-Known Member

    Joined:
    Aug 9, 2019
    Messages:
    1,191
    Likes Received:
    1,346
    Trophy Points:
    113
    Location:
    Qld
    go with what ever is cheapest at the time as others have said.
    Both sell for the same price on resale anyway.
     
  8. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

    Joined:
    Jul 1, 2009
    Messages:
    7,091
    Likes Received:
    4,579
    Trophy Points:
    113
    Location:
    R.I.P
    Also don't encourage a duopoly market by buying from the Perth Mint and ABC directly.
    If you want the duopoly products, you can still get it from your local dealer at a competitive price. By supporting your local dealer, a competitive market can be maintained.
    Most people don't realize that there are a lot of mid-size dealers out there that provide better service than the duopolies with similar or better pricing.
    They also source their products from overseas and smaller local refineries to give you a wider range of products.
    The competition they provide do help keep premiums low.
     
  9. Ag bullet

    Ag bullet Well-Known Member

    Joined:
    Dec 27, 2013
    Messages:
    1,582
    Likes Received:
    1,570
    Trophy Points:
    113
    Location:
    SE QLD
    take a look at ainslie bullion. i found them to be cheaper total cost including insured shipping than both ABC and perth mint.
     
    madaw1 likes this.
  10. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    4,625
    Likes Received:
    1,124
    Trophy Points:
    113
    Location:
    Australia
    Would you buy 1 Kg silver bar from The Perth Mint or from ABC?

    Consider buying a Kilo coin.
    If they are available, A Perth Mint Silver Kilo bar might cost $812, A Kilo coin might cost $858.
    Sure, that's a big price difference but the coin "may" appreciate more than the bar.
    Some folk collect those big silver coins, they look impressive.

     
  11. Domenico

    Domenico New Member

    Joined:
    Apr 5, 2020
    Messages:
    22
    Likes Received:
    1
    Trophy Points:
    3
    My primary reason is that after this Covid-19 stuff I'll be leaving Australia. So I wanna buy something that I can easily sell elsewhere
     
  12. Domenico

    Domenico New Member

    Joined:
    Apr 5, 2020
    Messages:
    22
    Likes Received:
    1
    Trophy Points:
    3
    That's true.

    I usually check through this link
    http://www.lbma.org.uk/good-delivery-list
    and ABC appears only for gold...
     
  13. Domenico

    Domenico New Member

    Joined:
    Apr 5, 2020
    Messages:
    22
    Likes Received:
    1
    Trophy Points:
    3
    The 1 Kg coin is actually not a bad idea. I'll think about
     
  14. GF

    GF Well-Known Member Silver Stacker

    Joined:
    Sep 6, 2013
    Messages:
    1,051
    Likes Received:
    658
    Trophy Points:
    113
    Location:
    Australia
    Buy some sovs instead. Easier to transport on your person, recognised across the world and very easy to sell
     
  15. Domenico

    Domenico New Member

    Joined:
    Apr 5, 2020
    Messages:
    22
    Likes Received:
    1
    Trophy Points:
    3
    What's Sovs?
     
  16. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

    Joined:
    Nov 12, 2014
    Messages:
    4,226
    Likes Received:
    1,994
    Trophy Points:
    113
    Sovereigns - gold coins
     
    madaw1 likes this.
  17. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    5,340
    Likes Received:
    3,450
    Trophy Points:
    113
    Location:
    P!MP land-Seedeneey
    SOVs mainly 22ct, this depends on your preference... and plenty of history of where that coin has been in trade and exchanges hands... my favourite, but can't afford them
     
  18. SteelHand

    SteelHand Well-Known Member Silver Stacker

    Joined:
    Aug 26, 2019
    Messages:
    938
    Likes Received:
    802
    Trophy Points:
    93
    Location:
    Perth, WA
    GF and Holdfast like this.
  19. GF

    GF Well-Known Member Silver Stacker

    Joined:
    Sep 6, 2013
    Messages:
    1,051
    Likes Received:
    658
    Trophy Points:
    113
    Location:
    Australia
    Nothing like going for a nudie ride and stabbing a dragon along the way...lucky it was only a little one.
     

Share This Page