What was the best price you got physical silver at?

SilverDJ

SilverDJ

Well-Known Member
I was lucky and got into all this after the big drop that happened before 2014 and have accumulated most of my silver at or around the AU$20-21 mark, bit more depending on type.
Cheapest I ever got was $668 for 1kg lunar horse, or $18.94/oz
 
If I recall correctly I was at $21/Oz for 150oz of mostly predecimal which I sold at $27/Oz. Only a few pieces of sterling jewellery left
 
Would be interesting to know what portion of the average weekly wage that was.
 
Wow so actually pretty close, if not more expensive than comparing to a weekly wage of $900 for a kilo at $800 today.
 
SilverDJ said:
I was lucky and got into all this after the big drop that happened before 2014 and have accumulated most of my silver at or around the AU$20-21 mark, bit more depending on type.
Cheapest I ever got was $668 for 1kg lunar horse, or $18.94/oz
Click to expand...
FOR A LUNAR HORSE!! THATS A BARGAIN, great job.
 
I was buying pre dec below spot on eBay at around spot $15 / oz.

I wasn't a stacker at the time, around 2006 I guess, just a coin collector recently moved over from the UK and I was putting together a set of Australian decimal coins from circulation. I heard about the round 50 and figured I would never get one in change.

So I went on eBay to try and buy one and they were about $4.50 each. Which I worked out to be just below spot.

I figured that you could buy silver for less than it was worth and you got a coin as well.

So I looked around and there were loads of auctions finishing below spot value.

I just bid on all of them, with a top bid that was equal to the spot value of the items less the postage costs.

I lost about 9 out of 10 of the auctions but everyone that came in was cheaper than spot.

I think 300 post 3p coins was probably the biggest bulk purchase but I had lots of smaller packages every week.

I miss those days!
 
Some very cool examples here. My first purchase of silver was when it was priced just over $8 per oz. I bought pure silver (not sure exactly how pure) speaker cables for my home setup. Couple of kilos. Quite a luxury. Still have them.
 
"What was the best price you got physical silver at?". Why would you publicly disclose your private finances?
A lot of people probably lost their purchases in that unfortunate 'boating accident', which happened as their mates were eyeing the Whiskey in the boat.
BOAT_Whiskey_2.jpg

 
Revils said:
I bought lots of stuff too Nov 2014 from Perth Bullion (10oz and 5oz coins mostly).
Click to expand...

With hindsight that was the lowest point for 5 years before and 5 years after.
Did anyone successfully call the bottom?
I made a call on here were I said anything under AU$20 was "cheap"
 
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SilverDJ said:
I was lucky and got into all this after the big drop that happened before 2014 and have accumulated most of my silver at or around the AU$20-21 mark, bit more depending on type.
Cheapest I ever got was $668 for 1kg lunar horse, or $18.94/oz
Click to expand...

This does not compute. You need to adjust for Troy ounces so not quite that cheap per oz. I picked up a 1 kilo bar on the 14-11-14 for $660 from a dealer so good price on the horse.

My cheapest was an auction for some Masterpieces in silver sets from here that I ended up winning for about $14.40/oz in 2015.
 
The best price were couple of $2 coins/colour ones /from 2012 and 2013 in the change. Seriously gold panda 1/10oz year 2000 frosted rim-$380. MS-69
 
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As far as I’m concerned, this one wins. My mind boggles at getting change from $5K for a 10oz GOLD bar!

Edit: the same bar is now almost 500% that price, averaging 22% a year growth. Amazing stuff.
 
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