Premiums on bars

Scratchy said:
I understand they are second hand. I certainly understand Eureka moments point about collectibility / rarity.

But for some when reselling, the makers reputation / brand (LBMA) does factor in some instances as to price/premium and resale potential.

Five words and a smart emoticon, good one fella's, legends.
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i think the second hand comment was abit of a shit stirrr
 
Scratchy said:
I understand they are second hand. I certainly understand Eureka moments point about collectibility / rarity.

But for some when reselling, the makers reputation / brand (LBMA) does factor in some instances as to price/premium and resale potential.

Five words and a smart emoticon, good one fella's, legends.
Click to expand...

Scratchy, my comment was a referral to a stupid idea that a member tried to pass on a while ago. Some here got it im sure.

Premiums relate to worldwide trust and acceptability on resale... Basically.

There is only limited numi value for known and accepted brands that are old - such as englehards.
You have to remember though that particular items go in and out of popularity so premiums come and go.
Not being a smart arse but yes I may be a legend (in my mind at least)
 
Scratchy said:
I understand they are second hand. I certainly understand Eureka moments point about collectibility / rarity.

But for some when reselling, the makers reputation / brand (LBMA) does factor in some instances as to price/premium and resale potential.

Five words and a smart emoticon, good one fella's, legends.
Click to expand...

Scratchy, just go to one of the major bullion dealers in Sydney and see how much extra premium your LBMA bars will fetch above their own generic brand. Zip!

I have 4 x 10gram and 2 x 25gram gold bars minted by a LBMA member that I would be happy to trade for a non LBMA member generic silver bar at the current gold/silver ratio

Sell your Pamp/Perth Mint bars on this forum if you want to recoup the premium you paid; cause the major bullion dealers won't :rolleyes:
 
Sell your Pamp/Perth Mint bars on this forum if you want to recoup the premium you paid; cause the major bullion dealers won't :rolleyes:
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That's the point I was trying to make. Thanks.
 
Everybody you buy off whether it be a dealer or private will have a premium on their bars when they sell as they have paid a premium when buying. It is extremely rare to have anybody sell at spot. When that happens the items are gone within minutes if not seconds.
 
Giodor8 said:
Everybody you buy off whether it be a dealer or private will have a premium on their bars when they sell as they have paid a premium when buying. It is extremely rare to have anybody sell at spot. When that happens the items are gone within minutes if not seconds.
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Not true, many dealers buy back at or below spot, then on sell with a premium.

Then you have people that need to sell quick for what ever reasons they have.
 
Anyone here stack 10oz bars?

I just bought a few NTR 10 oz bars the other day for a tad under $250 at spot price of $23.40 and i am rather perplexed as most shops have now tacked on a extra premium for 10 oz bars even though the spot price hasnt moved much.

$260-270 AUD is what a couple of Sydney shops are asking for NTR 10oz's right now. Also annoying to see quite a few American dealers still advertise them for high $240's in USD.

I think 1 kilo bars are the sweet spot for value ratio right now until the 10oz's prices come down a bit here in Australia.
 
Numismatist said:
Anyone here stack 10oz bars?

I just bought a few NTR 10 oz bars the other day for a tad under $250 at spot price of $23.40 and i am rather perplexed as most shops have now tacked on a extra premium for 10 oz bars even though the spot price hasnt moved much.

$260-270 AUD is what a couple of Sydney shops are asking for NTR 10oz's right now. Also annoying to see quite a few American dealers still advertise them for high $240's in USD.

I think 1 kilo bars are the sweet spot for value ratio right now until the 10oz's prices come down a bit here in Australia.
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Since last Monday I have received 5 emails from Scottsdale with premium updates.
NTR is probably sending as many price updates to their Aussie dealers.
 
I have seen a huge increase from the one Sydney dealer i bought some bars from not long ago. Seems like its happening across the board. Also a shame Scottsdale bumped the price on the Reserve bars to now match the stackers.
 
Regarding premiums, I noticed something new at a bigger dealer here.
In the beginning (2011) he bought back silver coins as 108% of spot.
Later on, he dropped to 107%.
Since recently, he changed it to 110%, but only for "as good as new" Maples/Philharmonikers/Silver Eagles (no other kinds of silver). So also not for coins that are damaged or ugly/whatever that make them look old/circulated.
As an example:
Spot price is now 18,41 euro.

He sells Philharmoniker at 23,10 euro (500 coins monsterbox) and 23,40 euro (60 coins 3 tubes).
That's for 60 coins spot + 27%
(when I bought in 2011 it was spot +19%)

He buys not new looking coins back at 19,70 euro.
That's spot +7%
Byebye 20%

He buys new looking coins back at 20,30 euro.
That's spot +10%
Byebye 17%

So he added 8% to his premium %.
Buys back at the same spot +% as before, except for newlooking ASE/Maple/Phils, for which he gives 3% more than before.
Which still leaves the premium 5% more than normal %.

Where does this 'temporary? extra' premium origin?
At Mint?
At wholesaler level?
At local dealer?
Because in the end, somebody has to walk away with the extra. It doesnt go in the void or is spreaded uniformly throughout the universe haha.
So I wonder?
 
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