Sealed tube of 25X1 oz Silver Kangaroo (2018) available for 923.25 (36.93 each). Express shipping and sign on delivery $15 flat.
https://bullionstore.com.au/1oz-perth-mint-kangaroo-minted-c…
25x 1 oz Silver Kangaroo Bullion Coins $923.25 ($36.93 Each) + $15 Delivery @ Bullion Store
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They're never available at spot.
25?
Like what would I do with 25?It comes on a sealed tube of 25 coins.
Cut some into pieces, leave others whole, use them to trade after the *insert preferred doomsday scenario.
What do you do with 1?
Vampires
Roughly $7.50 per coin, 25%, to get it coined, certified (I'm guessing) and delivered.
I've never bought silver and don't think I'm about to, but that doesn't seem too bad. But not a bargain.
Silver spot looking weak
we gotta catch the knife
How do I verify this is legit silver not 99.5
its printed on the coin
Oh ok now I believe it.
“ The Perth Mint is the place to buy 99.99% pure gold, 99.99% or 99.9% pure silver and 99.95% pure platinum in the form of bullion coins, minted bars and cast bars. The weight and purity of each product is guaranteed by the Government of Western Australia.”
That doesn't mean a lot, not like a reputable state guarantees it.
Ahaha, they’re not even part of Australia anymore are they?
This was the dumbest conspiracy. Even people internationally were going on about the Perth Mint 'running out of silver'. I went to the Perth Mint around the time this was all over the web and you can see inside their daily vault from the trading desk and there were many stacks of 100oz silver cast bars 13-15 high just on the bench. Let alone inside the drawers and desks and other safes inside there.
They are a well know and trusted leader in the Australian industry. These guys aren't going to risk their decent profit over tiny amount of cheap silver. the price also gives it away. They are charging more than spot, which shows it covering their costs and profit (on coins). Just avoid buying from shady places and only buy from places like this, that have been operating for many years and are industry trusted. I'm sure they will also be registered with some Australian body (if you wish to look it up).
Melt coin to bullet, shoot a werewolf and find out.
Is there an aftermarket for these? Doubt theres much numismatic value. If not then you will sell at spot or less.
Whats a numanuma value
Some coins become collectable, but these are made on mass (likely not collectable and there will be heaps in the market). If you want to buy to resell at a later stage for spot price, then bars would be a better bet. The way I also look at coins, is if they are made to be collected and aren't of an important event or limited run, then spot (or spot + alittle) is all they are worth.
These are bullion coins with unlimited mintage.
The value of bullion coins is that they are much easier to verify than bars, and much easier to trade.
There should be zero numismatic value, which is why 20% over spot is NOT a bargain.
Perth mint coins are well regarded, you will be easily able to sell these at 5-10% over spot in the future.
To potential silver investors, don't believe the masses of fake investment advice. The price of silver is almost entirely divorced from supply and demand fundamentals and always will be. It is a by-product of mining other minerals, it is entirely possible for spot to fall below the actual cost of operation of a silver mine. However when spot is over $22 usd/oz, dedicated silver mines come online increasing supply and supressing the price.
It also a tiny market ripe for manipulation by investment banks, that trade on the lag between mining operations starting/stopping and changes in available supply. It is literally the shit-coin version of gold bullion.
The coming global recession would tank the price - severely. Spot could fall over $10 USD from current levels.
Manufacturing demand will disappear very quickly (the majority of silver demand) while mining will continue - as a copper mine that produces silver by-product will remain in operation until the price of copper falls to the minimum costs of operation.
Hence silver is neither a store of value, or protection against inflation. As legal tender with the queens shiny head stamped on them, they can also legally be confiscated by the Australian government and replaced with $1 coins. So they aren't protection against the collapse of fiat currency.
"The price of silver is almost entirely divorced from supply and demand fundamentals and always will be".
@ Shacktool - I think you mean the supply of silver is almost entirely divorced from the usual supply and demand fundamentals….. Mines producing silver as a by-product will continue to produce silver while the margin(s) for their main product(s) remain high enough. As a consequence, the excess of supply of silver over its demand will result in its price falling
So you should buy Gold coins instead?
That's what I would do. It usually trades much closer to spot price.
Otherwise buy some divided paying ETFs, the yields should be really good at the moment
So what do actually do with these? Say you want to cash it in 10 years from now, where would you sell it at market rates?
If I order in lots of 25 e.g 50 or 75 then I assume they will come in separate tubes of 25?
Yep correct, each Congress in a separate tube of 25
I am keen to buy but I am a little concerned given the lack of any reviews of anyone purchasing from these guys. I assume it's a relatively new business as your ABN was only created a year ago
Please check our facebook page for reviews.
Thanks
I bought some other silver coins a week ago from them (25x UK 1oz silver coins) , arrived quickly and well packed
If anyone wants I'll sell them 1oz silver kangaroos for $35 each lol
Why is it a deal? How much are they normally? Silver is $30.16 per oz today.