152kgs of Silver Bars - NZD$135,000

[Silverman99]

Check out this stack, has been placed up here on the Trademe site here in NZ

http://www.trademe.co.nz/antiques-collectables/other/auction-1357695520.htm

 

[dross]

Wow that's crazy, well for me anyway, got to wonder how legit it is shelling over that kind of money. Thanks for posting.

 

[Ipv6Ready]

20% over spot.

And wow success fee of 7.9% payable. Presume they already tried dealers.

 

[Altima]

I thought bulk selling would only get you so much over spot unless you're selling bulk vintage bars.

 

[Ipv6Ready]

I would have thought there was zero market for vintage bars that size.
Unless you run a dealership with a curio section even than would you need two?

Plus I'd want to turn up with security lol. So much easier with paper

 

[swoydaz]

New Zealand dollars?

 

[barneyrubble]

That sure would make a lot of silver ferns!

 

[Silverman99]

View attachment 2975 View attachment 2975 View attachment 2975

New Zealand dollars?

Just as good as Aussie $ these days

 

[Silverman99]

That sure would make a lot of silver ferns!

Plus a number of Takus and turtles

 

[bubblebobble2]

They're JM bars......BUZZ!

 

[boneyard]

Thanks for the pics.
A bit of a rip off as I can only count 150 kilos.................

 

[Greg Williams]

Wow! Definitely puts my 2 round fifty's & bent threepence to shame that's for sure.

 

[A888L]

View attachment 2977 View attachment 2972 Check out this stack, has been placed up here on the Trademe site here in NZ

http://www.trademe.co.nz/antiques-collectables/other/auction-1357695520.htm

View attachment 2977 View attachment 2972 Check out this stack, has been placed up here on the Trademe site here in NZ

http://www.trademe.co.nz/antiques-collectables/other/auction-1357695520.htm

I have seen bars of this dimension and weight used by manufacturers of electrical conductive equipment .
Could be selling off their surplus stock .
A most interesting post Silverman99

 

[Pirocco]

The auction goes like this:

"We Have been saving in silver for a long time and now our dream block of land has presented itself. Attractively priced and time for our silver to do it's job.
Hallmarks and quantities as follows:

CIMET. (Coleman Industrial Metals/ New Zealand Gold Merchants/ NZ Pure)
5 X 5Kg.
1 X 1Kg.
NZ Pure.
6 X 5Kg.
6 X 1Kg.

Johnson Matthey
17 X 5Kg.
AGR
1 X 5Kg."

... so it doesn't read like a manufacturers surplus stock.

A pity for them that that dream block of land didn't present itself in 2011.
And a luck for the eventual buyer then.

 

[Topherclaus]

I have heard Jim Willie claiming that as you get into larger figures that the premium increases. I'm sure I've heard him say that premiums go to 100% for multi million dollar transactions.

He talks out his arse a lot I reckon.

 

[Skyrocket]

That shows how suppressed silver is.

 

[SilverSiren]

That odd weight 5kg CIMET bar is amazing.

 

[Mbell]

I have heard Jim Willie claiming that as you get into larger figures that the premium increases. I'm sure I've heard him say that premiums go to 100% for multi million dollar transactions.

He talks out his arse a lot I reckon.

Listen to all his stuff still even tho he repeats himself most of the time.