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Corporal Kielbasa


Registered: 05/29/04
Posts: 17,235
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Re: Silver in 2014 [Re: Adden]
#19940608 - 05/04/14 02:51 PM (9 years, 8 months ago) |
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Quote:
Dystopia said: I locked in 100 silver bars from south Africa for 18$ each. I'm picking up tomorrow but I'm wondering how a large dealer can sell these below spot and make money.
They're legit and no worries on authenticity but I'm curious to know how a dealer would make money off these below spot.
Are they banking on silver dropping more so they liquidate stock now?
They're from Rand Refinery if that helps any.
I locked in at 18.22 and bulk got me down to 18.12 each. I see silver is 19.04 this morning.
Is rand refinery bottom of the barrel? Like on par with art bars?
Thanks..
I think since they are a refinery they can pretty much set it where they want to. Kinda like at wholesale price from the manufacturer?
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mndfreeze 
Shroomery Secret Service




Registered: 04/22/02
Posts: 20,529
Loc: PuppetMasterFlash
Last seen: 17 hours, 33 minutes
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Hah cool. It just seems so odd to have them gold plated when they are silver bars. But hey, what do I know. As for them having some sort of value above straight silver and whatever small amount of gold gets melted off (not much Im guessing, since plating is so thin) really boils down to how collectible they are and I would think there is some form of booklet or magazine that comes out with values on all the common coins and such.
I do know there is some different laws regarding rounds and 1oz bars to where just about anyone can mint them up, so a lot of them out there minted by unknown company A or B are only worth their raw value in metal because no one has heard of them or cares or their could be millions upon illions made.
Who minted them exactly, and can you post a serial number or two and perhaps someone here can reference it and has a better idea of any collectible value above the raw metal mark.
Also since they do have gold over them I can see it as sort of a red flag for a lot of buyers because they dont keep them in that form to sell in a coin store as what they are, they would ahve to go through a melt processes to get the gold off of the silver and what not. Have you conacted apmex about them? Supposedly they have decent buy pricing for coins and collectibles, at least it seems like they would. If those are really worth something over spot they should at least reflect that in their offer to buy them. Check their site since they have a lof of silver and gold forms for sale, bars, coins, rounds, all sorts of rarities and collectibles, or just plain metals, but they often list their buy price right next to their selling price in case you want to sell to them rhar specific item, and if you cant find them listed on their website, call and they will know how to find and value it.
-------------------- Nothing says love like grannies prolapsed anus! quote]Urb said: I know... Its fucked up... Ill fix it minyana..[/quote]
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thescientist
Registered: 03/09/02
Posts: 807
Loc: Dade County
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Peach,
The easiest way to determine the market value of your product is to find recent sales on ebay.
A quick search turned up your set as well as sales for single bars from the set and the empty wood case for $119.
Not much to it.
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Corporal Kielbasa


Registered: 05/29/04
Posts: 17,235
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Someone was telling me he thinks its going to go to 50 an ounce. What say ye?
Also is 23 decent price or could I find something closer to spot? The plus side is short distance and no shipping.
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thescientist
Registered: 03/09/02
Posts: 807
Loc: Dade County
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Maybe one day.
Time frame is everything.
Will it go to $50 this year?
imo, No.
$23 delivered is ok.
Do some research.
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Corporal Kielbasa


Registered: 05/29/04
Posts: 17,235
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Always researching man. I hear ya. Guy said he thought it would soon. I was just wondering if I missed some news. 23 is at a local shop. 5 min drive.
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thescientist
Registered: 03/09/02
Posts: 807
Loc: Dade County
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What are you getting? ASE's?
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Corporal Kielbasa


Registered: 05/29/04
Posts: 17,235
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Yeah and he has some bars and a lot of coins.
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Asante
Mage


Registered: 02/06/02
Posts: 86,796
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A buy opportunitiy like this one doesnt mean shit if you don't have money to sink into silver. 
I am looking to replace some hardware like a fridge and oven and also considering giving ETF's a go to go for some shortterm cash.
Silver clearly seems for the long haul at this point. Unless theres a big economic seizure I dont expect $50 silver this year.
My major sell point for silver is 60 euros an ounce.
-------------------- Omnicyclion.org higher knowledge starts here
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Adden

Registered: 06/04/03
Posts: 39,201
Loc:
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Re: Silver in 2014 [Re: Asante]
#20408579 - 08/12/14 12:14 PM (9 years, 5 months ago) |
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Keep an eye on ebay. I just snagged a ton of silver US currency far below spot. Got three rolls of walking libs for about 180 dollars. If I sold them today that's a 252 dollar profit.
You've really gotta search and dig but I attribute this to a lack of buyers. I can't believe some of these bids.
Careful though. Some sellers are trying to do a bait and switch; sell one lot of items cheap as no other then gouge the funk out of their other sales.
It took me a lot of time to find them, but they're there.
Usually the estate buyer ones are the best. I've seen their prices drop on the coin general grades but melt is melt is melt...
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Gorlax



Registered: 05/06/08
Posts: 6,695
Last seen: 16 days, 15 hours
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Re: Silver in 2014 [Re: Adden]
#20412456 - 08/13/14 10:17 AM (9 years, 5 months ago) |
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make sure its not just plated silver. I've seen what look like regular silver bars but reading the descriptions they slip in silver plated.. basically worthless
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