Lunar/Kookaburra/etc - previous years pricing

Pirocco

Pirocco

Well-Known Member
I don't get something.
Regularly I see at dealers in my region 'regular' silver kilocoins (that on that moment / same year don't cost more than any other coin silver per weight) older year ones popping up for sale, probably bought back from customers.

An example case of today, same dealer:
- Lunar 2014 589 euro
- Koala 2014 589 euro
- Koala 2011 669 euro
- Kookaburra 2011 669 euro
- Koala 2010 869 euro
- Kookaburra 2004 969 euro
- Kookaburra 1993 869 euro
All 'normal' versions, no proofs, boxed, colored, whatever.

When I look at a dealer that provide public (site) buy back (I don't know what it is at those using nonpublic ways ofcourse), their buy back price is solely a function of the spot price without premiums etc, ex all kilocoins regardless year all same price, making clear that the premium gets totally erased and the difference Lunar and others is ignored.
Another dealer offers even less for these AU kilocoins than for Andorra Eagle / Noahs Arch kilocoins.

Yet, when they buy them back from customers at that same or lower price, to resell them, they re-add the premium, as an instant profit upon sale, given away by the customer.
The same applies to for ex. the higher premium ASE's. One may wonder why some stackers buy high premium silver to then sell them back to these dealers, instead of selling them to other stackers. Because, it's a win for the selling stacker (gets more than from dealer) and the buying stacker (pays less than at dealer). And if they don't want an eventual bigger hassle?/risk? of selling to nonbusiness/individuals, why do they then buy highpremium silver in the first place?
 
- Kookaburra 2004 969 euro
- Kookaburra 1993 869 euro>>>

how much was silver back then?
if one sells below spot today he can fix the profit anyway.


Such sellers are not well informed about the ways how to turn their metal into paper ... I see the same attitude here in Japan too. I wrote a story sometime ago when I was offered $200 for my bag of silver worth $2000 ))
 
worldbubble said:
- Kookaburra 2004 969 euro
- Kookaburra 1993 869 euro>>>

how much was silver back then?
if one sells below spot today he can fix the profit anyway.


Such sellers are not well informed about the ways how to turn their metal into paper ... I see the same attitude here in Japan too. I wrote a story sometime ago when I was offered $200 for my bag of silver worth $2000 ))
Click to expand...
That 1993 and inflation is irrelevant, at least to the dealer, check the price list above, it's the same price as the Koala 2010, 17 years later.
 
That's market forces and what trading is all about.
Pay the minimum when buying and sell at the highest price. A dealer with a big bid / offer spread is either very smart or perhaps the seller of the coin needs to shop around for a buyer rather than sell a collectible at scrap value.
 
Photonaware said:
That's market forces and what trading is all about.
Pay the minimum when buying and sell at the highest price. A dealer with a big bid / offer spread is either very smart or perhaps the seller of the coin needs to shop around for a buyer rather than sell a collectible at scrap value.
Click to expand...
I buy a kilocoin from you, paying you $550.
The next day I sell it at $850.
Then I send you a copy of the invoice, with a stamp 'Thank You Very Much' under it.
That's where this comes down to, no?
 
Pirocco said:
Photonaware said:
That's market forces and what trading is all about.
Pay the minimum when buying and sell at the highest price. A dealer with a big bid / offer spread is either very smart or perhaps the seller of the coin needs to shop around for a buyer rather than sell a collectible at scrap value.
Click to expand...
I buy a kilocoin from you, paying you $550.
The next day I sell it at $850.
Then I send you a copy of the invoice, with a stamp 'Thank You Very Much' under it.
That's where this comes down to, no?
Click to expand...


ABSOLUTELY !!! ... but if the market price is $800 I would not sell it for $500.
However if the market price is $500 and you can sell it to someone not experienced in the value of silver for $800 then that's business isn't it ?
Some might say rape but consider the markup on some jewellery these days is 700% that's right 7 times the cost.
That comes from a friend who is in the business.
 
Photonaware said:
Pirocco said:
Photonaware said:
That's market forces and what trading is all about.
Pay the minimum when buying and sell at the highest price. A dealer with a big bid / offer spread is either very smart or perhaps the seller of the coin needs to shop around for a buyer rather than sell a collectible at scrap value.
Click to expand...
I buy a kilocoin from you, paying you $550.
The next day I sell it at $850.
Then I send you a copy of the invoice, with a stamp 'Thank You Very Much' under it.
That's where this comes down to, no?
Click to expand...


ABSOLUTELY !!! ... but if the market price is $800 I would not sell it for $500.
However if the market price is $500 and you can sell it to someone not experienced in the value of silver for $800 then that's business isn't it ?
Some might say rape but consider the markup on some jewellery these days is 700% that's right 7 times the cost.
That comes from a friend who is in the business.
Click to expand...
Again, a silver price difference is irrelevant here, it's about dealers re-inserting (buy back > resell) original producer premiums.
Producers not involved in this buy back > resale. It's just a something for nothing, and this topic serves as a giving your someone 'experience', not in the value of silver, but in what happens after he sold these coins haha.
 
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