BullionBourse prices gone mad

Bargain!!!!!!!!

500 x 2011 1oz silver American Eagle coin - (Shipping delay 1-2 weeks) AU$69,796.52
500 x 2011 1oz silver Canadian Maple coin - (Shipping delay 1-2 weeks) AU$69,643.30
500 x 2011 1oz silver Austrian Philharmonic coin - (Shipping delay 1-2 weeks) AU$69,515.62
500 x 2011 1oz silver Buffalo round - (Shipping delay 1-2 weeks) AU$68,928.28
300 x 2011 1oz silver Koala coin - Perth Mint - Temp. shipping delay (2 weeks+) AU$41,679.00
300 x 2012 1oz silver kookaburra coin - Perth Mint - Temp. shipping delay (2 weeks+) AU$41,679.00
100 x 2011 1oz silver American Eagle coin - (Shipping delay 1-2 weeks) AU$13,969.31
100 x 2011 1oz silver Canadian Maple coin - (Shipping delay 1-2 weeks) AU$13,938.66
100 x 2011 1oz silver Austrian Philharmonic coin - AU$13,913.13
100 x 2011 1oz silver Koala coin - Perth Mint - Temp. shipping delay (2 weeks+) AU$13,903.00
100 x 2012 1 oz silver Kookaburra coin - Perth Mint - Temp. shipping delay (2 weeks+) AU$13,903.00
100 x 2011 1oz silver Buffalo round - AU$13,795.66
1 kilo silver coin - Perth Mint 2012 Lunar Dragon - AU$4,406.26
1 kilo silver coin - Perth Mint 2011 Koala - AU$4,406.26
1 kilo silver coin - Perth Mint 2012 Kookaburra - AU$4,406.26
25 x 2011 1oz silver Canadian Cougar coin - Shipping from mid October AU$3,525.42
25 x 2011 1oz silver Canadian Grizzly bear coin - Shipping from mid October AU$3,525.42
25 x 2011 1oz silver Canadian Maple coin - AU$3,487.17
4 x 5 oz silver coin - Perth Mint lunar Year of the Dragon - 2012 - Temp. shipping delay (2 weeks+) AU$2,802.84
20 x 2011 1oz silver American Eagle coin - (Shipping delay 1-2 weeks) AU$2,795.87
20 x 2011 1oz silver Austrian Philharmonic coin - AU$2,784.63
20 x 2011 1oz silver Koala coin - Perth Mint - Temp. shipping delay (2 weeks+) AU$2,782.60
20 x 2012 1oz silver kookaburra coin - Perth Mint - Temp. shipping delay (2 weeks+) AU$2,782.60
20 x 1oz Scottsdale Omnia Silver Round - 99.9% AU$2,775.22
20 x 2011 1oz silver Buffalo round - AU$2,761.14
20 x 2011 1/2oz silver Koala coin - Perth Mint AU$1,422.25
20 x 2012 1/2oz silver Lunar Dragon coin - Perth Mint - Temp. shipping delay (2 weeks+) AU$1,422.25
5 x 2012 2oz silver Lunar Dragon coin - Perth Mint - Temp. shipping delay (2 weeks+) AU$1,401.92
10 x 2011 1oz silver American Eagle coin - (Shipping delay 1-2 weeks) AU$1,398.44
10 x 2011 1oz silver Canadian Maple coin AU$1,395.37
10 x 2011 1oz silver Austrian Philharmonic coin - AU$1,392.82
10 x 2011 1oz silver Koala coin - Perth Mint - Temp. shipping delay (2 weeks+) AU$1,391.76
10 x 2012 1oz silver Kookaburra coin - Perth Mint - Temp. shipping delay (2 weeks+) AU$1,391.76
20 x 2011 1/2oz silver Buffalo round AU$1,381.60
10 x 1oz Scottsdale Omnia Silver Round - 99.9% AU$1,381.07
10 x 2011 1oz silver Buffalo round - AU$1,381.07
10 oz silver coin - Perth Mint 2012 Kookaburra - AU$1,379.57
10 oz silver coin - Perth Mint lunar Year of the Dragon - Temp. shipping delay (2 weeks+) AU$1,379.57
5 oz silver coin - Perth Mint lunar Year of the Dragon - 2012 - Temp. shipping delay (2 weeks+) AU$701.71
10 x 2011 1/2oz silver Buffalo round AU$693.55
1 x 2012 2oz silver Lunar Dragon coin - Perth Mint - Temp. shipping delay (2 weeks+) AU$284.49
1 x 2011 1oz silver Canadian Cougar coin - Shipping from mid October AU$143.22
1 x 2011 1oz silver Canadian Grizzly bear coin - Shipping from mid October AU$143.22
1 x 2012 1oz silver Kookaburra coin - Perth Mint- Temp. shipping delay (2 weeks+) AU$142.09
1 x 2011 1oz silver American Eagle coin -(Shipping delay 1-2 weeks) AU$141.90
1 x 2011 1oz silver Koala coin - Perth Mint - Temp. shipping delay (2 weeks+) AU$141.79
1 x 2011 1oz silver Canadian Maple coin AU$141.59
1 x 2011 1oz silver Austrian Philharmonic coin AU$141.34
1 x 1oz Scottsdale Omnia Silver Round - 99.9% AU$140.16
1 x 2011 1oz silver Buffalo round AU$140.16
1 x 2011 1/2oz silver Koala coin - Perth Mint Temp. shipping delay (2 weeks+) AU$72.14
1 x 2012 1/2oz silver Lunar Dragon coin - Perth Mint - Temp. shipping delay (2 weeks+) AU$72.14
1 x 2011 1/2oz silver Buffalo round AU$70.11
Australian Sea Life II - The reef - Starfish 1/2oz silver coin - AU$66.00
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I suppose that's a slightly more inventive way of not selling at current prices as opposed to simply closing up shop like some dealers are currently doing :lol:
 
I looked on their site and am not seeing those kinds of prices... Where did you get that list?
 
thatguy said:
Now spots gone mad, nice spike up to $31.54. Maybe we will see another dip?
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Very possible, these fluctuations are crazy, so much for increased margin requirements "stabilising" volatility. Its a joke.
 
Yippe-Ki-Ya said:
I suppose that's a slightly more inventive way of not selling at current prices as opposed to simply closing up shop like some dealers are currently doing :lol:
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I've noticed that some of these shopping cart sites are limited in the way they can respond to price feed changes.

They aren't designed to have a constantly changing base price, or to be able to politely notify users that volatility means they cannot place an order.

Perth Mint's site seems to do that part pretty well.
 
May be the children having a bit of fun in the office.

Since the government also looking the records of total sells lot of tax to pay.
 
I was waiting for BB to drop and reflect the low just lately - and no luck - perhaps a dollar or two drop on their physical vs spot. Meaning premiums went from perhaps 12% to over 20% as the price dipped. Looking elsewhere I couldn't find much dropping down to below 15% on coins.

Perhaps the dealers understand the difference between paper price after margin calls are raised, and premium that the people will pay.

This is from survivalblog.com - a favourite and very informative read of mine:

I'm sure that most of you noticed that gold and silver took deep dips on Thursday and Friday. (Spot silver declined nearly 20%--almost $9 per ounce!) Then an odd thing happened last weekend: I attended a gun show deep in the American Redoubt. I was happy to see that there were four coin dealers that had rented tables there. I had brought some cash with me, hoping to buy some more silver. I also brought a few fractional gold coins to swap for silver, or perhaps even platinum. (Since spot platinum is presently priced below gold!) But my more realistic goal was to swap for silver, since there is presently a very advantageous 53.5-to-1 ratio of silver to gold prices.

But I soon found that all four dealers were sticking to their pre-dip prices. All four of them quoted me asking prices of 26 or 27 times face value for pre-1965 junk silver (90%) coins. But with the recent dip in silver futures and spot silver, the gnomes of New York said that coin dealers should have quoted me a price of around 22 or 23 times face value. Of course, in a free market, dealers can price anything wherever they'd like, and I won't fault them for that. How can I blame them, when they probably paid 24 or 25 times face, wholesale for their current inventories of pre-1965 coins, just a couple of weeks ago. They are of course hoping that the price of silver will soon rebound. (And it very likely will.)

In the end, since the dealers were all standing firm on their pre-dip prices, I didn't work any cash deals for silver coins or small ingots. But at least I was able to swap some "small gold" coins for a few Johnson Matthey and Sunshine Minting serialized 10 Troy ounce .999 fine silver bars.

My experience at the gun show is further evidence that the "real world" price of commodities often differ from the "official" price. In turbulent markets where we now witness huge price swings, we can expect to see these sorts of pricing disconnects more often. Be flexible, keep cash on hand to take advantage of dips, and keep close track of market moves.
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By the way, I'm in the UK now and I've been keeping an eye on the various sovereign sellling shops around. there are 'We Buy Gold' signs everywhere, but few selling coins. Most are pawn shops where the best of the sold jewellery seems to be on sale and marked up.

At one outlet, sovs were on sale at GBP 300 last week before the drop (around AUD 480 ). Yesterday - after the drop - price had gone to GBP 360 (AUD 567)

Said it was because all the 300 sovs went so quickly when the Greece news hit. He had sold 1 that day at 360.(!!)

BTW at GBP 300, his buy back rate on sovs was GBP 65 (just about worth lurking at the shop door waiting or sov sellers at that rate lol)

Bless silver stackers!

This seems to me to confirm even more strongly that safety in gold (in UK at least) is still popular - popular enough for sellers to ignore spot prices and just charge what the market will bear - and in this case, it seems it will bear a lot.

(p.s. This is anecdotal - I might just be living near a group of very, very greedy pawn shops)
 
I just got emailed every invoice i've ever placed with them telling me they have just shipped, dating back to well over a year ago.
 
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