20x Silver 2017 99.9% Pure Kookaburra Perth Mint Coins $569.27
Great price on Perth Mint Kookaburra Coins, cheapest I could find on ebay. Don't forget to use CR for a further 1.3% off.
25 x Silver 2017 99.9% Pure Kangaroo Perth Mint Coins $656.33
Great price on Perth Mint Kangaroo Coins, cheapest I could find on ebay. Don't forget to use CR for a further 1.3% off.
Pure silver coins come with a premium, especially when they have a limited quantity. Look at the earlier dates of the kookaburra's and see how they increase in price.
i get ya but i always look at things at the per ounce value
i'd rather buy like a solid bar of silver… a 10 ounce bar isnt too expensive although i get that people here would wonder why people buy these (for the zombie apocalypse?) and how you turn them back into liquid
spot is a paper price
physical is worth a small premium, but not this eBay deal
EDIT: meant to reply to J2S
thanks, good deal
anyone know how easy these are to resell
(I assume these are for investment?)
The more the price goes up, the easier they are to sell.
i mean where do you sell them?
And did you buy these as an investment?
There are specialty forums, such as silverstackers.
It is a huge hassle to trade physical metals, you need to find a buyer, negotiate on price (there isn't really a standard premium above spot) and arrange the trade. However in general the premium above spot you pay on purchase is maintained when you sell.
In a popular forum you can find the market price pretty easily, but delivering the goods is biggest problem. Posting bullion is not technically allowed by australia post, and couriers will not allow you to insure it. Dealers purchase insurance separately, while everyone else gets registered post and hopes for the best.
Face to face meetings have the issue of theft to worry about also.
If you want to trade precious metals either buy an etf ( paper trading ) or buy into the perth mint depository program.
Neither of these forms are immune from government confiscation however - and neither is purchasing bullion. Bullion coins are legal currency, and ultimately the property of the government. They are allowed to sieze them and swap them for base metals of equivalent (face) value if they desire.
Jewellery is the only form of precious metals that will survive goverment seizure.
There are 7 ounces of silver for every one ounce of gold in the ground, however silver is sold much more cheaply that gold, even though both have a similar history as currency
You would assume that this because gold is more valuable. In fact silver is far more useful than gold. Silver is the most conductive element - superior to gold and copper. However silver tarnishes (rusts) when exposed to oxygen, limiting its use.
A significant portion of silver production is consumed each year, it is estimated that within our lifetimes ( within 40 years) the supply of silver will not meet demand.
Why is silver so cheap then?
The supply and demand of silver is not supported by normal market fundamentals
The most inefficient silver mines (pure silver mines) operate at approximately 21-23 USD per ounce. However most silver is mined as a byproduct of other resource mining. This means that silver continues to be mined and sold, even at a 'loss'
Silver is readily traded on commodities markets, however the total market size of silver is small. Investment banks are easily able to manipulate the silver market, which being a commodity, does not have the same legal repercussions of share market manipulation
@Superannuation: it is estimated that within our lifetimes ( within 40 years) the supply of silver will not meet demand.
Nice info Superannuation.. So would you say if I buy a boat load of silver now, then hold it for 30 yrs till it becomes very rare, is a good or bad idea? :P
@overshopper: I suggest you do your own research don't seek unqualified financial investment advice from OzB
and as for what super said…. take it with a very large grain of salt. Silver often switches from surplus to deficit and back every few years. It is CURRENT reserves at CURRENT economic viability which is forecast to run out in the mid 2030s. Still shitloads of it around to be mined.
It's just like selling anything else. On ebay or gumtree I guess.
cool. will add it to my list of money making schemes to look at when i have time lol.
What else is on the list?
investing in bitcoins
@Levi: I've got a cousin in Nigeria that knows of some great money making opportunities. Just PM me your internet banking username and password and I'll help. 😜
you could always invest in Amway
Lol you comparing something you can buy for your superannuation fund to a Nigerian scam. Ok
so how do you get change from bitcoin if you want buy a $5 small mcfeat meal …. like we have dollars and a smaller value is cents …… is there like cents in bitcoins ?
@jimmy2shoes: Some guys came to my brother's university and they were talking about Bitcoin. That time it was 15 cents each. Some folks laughed at them. Those folks aren't laughing anymore…
Mithril?
don't seem to be able to get much mithril in moria these days. :(
mining bitcoins is what us dwarves do these days
Why would you pay $569 on eBay when you can buy from a dealer for $526?
http://www.goldstackers.com.au/store/silver/perth-mint-1oz-s…
Agreed. We like to see real deals, not just "the cheapest I could find on eBay…".
It's a deal if you like to get rid of paypal funds.
Perth bullion accepts PayPal for a 1.5% surcharge.
As an investor, I can tell you silver will have it's day, but not yet.
Looking back from some future date, this will likely look like a genius post.
And yes Goldstackers is the place to buy.
Nobody can say when, maybe a while yet.
silver will have it's day
Eneloops will have their day too
And SilverStackers is a good place to sell! …really
Perthbullion .com is the REAL place to buy
Just buy from whoever is local
if i bought these, id probs put in wallet and theyd end up in a vending machine
Maybe if you are stupid or blind.
im both
I figured
Left in an Aldi shopping trolley?
Unlikely.. they come in a plastic capsule which is really hard to open.
join freemasons ….. their membership numbers are dropping ….. they have great halls in the best inner city suburbs that are closing down as not enough members and they are developing the real estate ….. vote with fellow members to spend the proceeds rather than reinvest ….. it's like branch stacking in politics ….. get your mates to join and when you have enough votes …… votes to sell and pay each other a wage or something to cleaning one of the other halls
What in the god damn hell are you talking about?
Got any more info I can read?
I think you will find there would be something in their constitution that would prohibit members financially benefiting from the sale of any property.
What is the current best price you can get from selling Gold and Silver?
us$17 an ounce right now, say $21.47 aud
so $214.70 per 10 ounce $429.40 per 20 ounces