Rll1288

Still waiting for my Postman..... he's late today

It wouldn't surprise me to be honest as the rest of the range has 5 and 10 oz in proof and bullion

Ok so now that's a different point... what margins companies put onto the underlying price can be all number of things... TSF provide a compare page that shows the best price on certain PM's... how they get to that price maybe by adding more spread to the spot price or a margin on top i.e. %, in most cases I would think its the latter... but as said before where these prices are sort (i.e. paid for real time or delayed etc.) may show some discrepancies .... They also show a price differential when buying in singles or multiples... So you have this... Exchanges will show the movement in PM prices based on orders they fulfil.. dealers use that pricing and, based on that will change their price they sell that item with a margin on top.. Chards shows this really well by stating the intrinsic value of the PM content and then the % on top of the PM... To be honest if i were trading 100s of oz of PMs then I would use an exchange to get the price but for us mere mortals we all have a perceived vale on what we want to buy things at...yes we would all love to get "spot" but in the UK we know what we would pay for a 1oz silver Brit and knwo that as spot price has fallen, margins haven't as much

Sorry ... you are missing the point... as stated Reuters takes the feed from the Exchanges.. does not make the prices... The exchanges and the volumes of trades that go through them determine the price..... LME, NYMEX are the exchanges ... people place orders and sell and buy on them... the pricing information then gets disseminated out to the wider audience.. fixing the price is down, normally at the end of each trading period and is used for valuations etc. Silver paper contracts are traded on the exchanges as is physical commodities... that is what sets the prices... therefore the prices seen at bullion exchanges is a view on what the exchanges have determined the price is at that moment in time. That is why no movements are seen over the weekends until the Asian market opens 🙂

Lmba fixes are different from day to day movements…. Each day the fix is used for end of day revaluations etc. But what effects the day to day pricing is the volumes of sales versus buys… basically the price comes from where the pressures are… I.e. if someone came in and bought 1000 contracts it would move the offer price and vice versus… so when you say no idea where the price comes from it’s based on the orders in the market… each trade on the exchange effects pricing and then this is displayed as bid/offers out to the wider audience and to answer your first question why is there a difference on bullion sites is due to if they pay for real time pricing or delayed…. All pricing is based on supply and demand….. the more sellers you have the price will lower and vice versus…the real prices are those which are on the exchange…. At the market level… bullion dealers use a view of that to base their pricing on… I.e. they will always have a wider spread and I believe will hedge there sales/purchase against where they buy their stock from…. The best trade is if someone sells them 100oz and someone else buys 100oz.. they get the spread 😂😂

Yep.. Spot is just a term used to state the settlement of a particular good/commodity/instrument.... @LawrenceChard how can you not know of the LME ... it's the biggest metals market in the world hahahaha ... as used to be opposite the old Mint... "fastmarkets" supply pricing feeds and as you said you pay for that feed... free pricing is normally delayed and therefore as you mentioned you can pay for a direct feed but the cost is quite high.... I used to build and sell market data systems and created a few that accessed many exchanges and allowed arbitrage between them 🙂

Bullion coins will be many thousands and it won't and yes I don't think they publish those

Yeah beauty is in the eye of the beholder... Una and the Lion is Ok, 3Gs better but QB's now 🙂

Ok data feeds from the exchanges and the major suppliers like Reuters and Bloomberg's will take that feed and sell on to the institutions... Take FX the rate is based on various sources, Banks directly feed prices directly into Reuters, brokers quotes etc. and is not exchange traded. PM's like all commodities are exchange traded and on multiple platforms (yes I know there can be OTC trades as well) i.e. LME, NYMEX etc. and traders normally trade on those exchanges some on multiple ones (as said to do arbitrage) Reuters and the like take feeds from all exchanges and show as individual pricing for each but also will show the bid and offer probably from multiple sources i.e. best pricing. Now you can't trade on them ( that means you can't hit the bid and sell silver as you would need to go through the exchange, broker etc. However, for many bullion dealers they take this feed and then add margins onto it and is why you see X% above spot price. In other words it is just a marker to base their sales and purchases on and why when selling back PM's you will very rarely get better than the spot price (bid spot price). World Price is basically a term that is used to categorise a price that is based on multiple exchanges, timezones etc.

My 2oz have moved to closed orders... lets hope tomorrow 👍

To me its not so much the exclusivity... (well yes on some of them it is) its about the series... Collectors like to have some form of consistency (not talking about quality of the actual coin) and collecting the sets over time was why it became so popular.. me thinks... ok the RM have pushed a few more lines in but to me having the 2oz silver proof to compliment the bullion was a must

Ok so all the prices you see that state spot price are sourced from the exchanges.... Ok the biggest market for metals is the London Metals Exchange... then you have the various exchanges throughout the world.. Metals (like all commodities) can be traded on various exchanges. Remember the Baring Brothers fandango where the guy was trading the difference between Asian exchanges (arbitrage) 🙂 Now I am not a PM expert as I only used to trade FX. Spot pricing can mean different things but in the FX market it meant value 2 days forward (working days usually) and the prices that you can google are not live prices, they are delayed by around 15 minutes as the main data suppliers like Reuters, Bloomberg charge for feeds into the trading arms of various institutions so will not supply actual rate in real time. If you look at Kitco they show trading in PM's across The New York exchange and another for other markets i.e. London, Asia etc.. and again is probably sourced from the big data suppliers and shown consolidated and really only shows when each market is open and not any differences. The dealers within Banks would have direct feeds and across all open exchanges and I am petty sure they will be different to that shown as they will not be delayed (one of my biggest costs were data for trading floors) 🙂 Therefore World Spot price is just a consolidation of all the feeds to simplify things and as with FX pricing is very liquid and can move many times per second dependent on bids/offers and orders on either side of the price gap. The difference between the bid and offer is called the spread and again is determined by market forces and size of orders and again am sure that real time pricing the spread will be closer then shown. My interpretation of why pricing can be different from site to site is basically on how and where they source from due to the delayed feeds as well as some may update as and when a change occurs where others may just take a price on a minute by minute basis or more (if you get my drift) some may even source from other secondary websites and thus delays could occur. I take feeds into a Spreadsheet and sometimes it doesn't refresh and you may see some delays in updates etc. I hope that helps...

👍

in the RM site under "Coin Sales" you can see (roughly) what the mintage figures were (as its coin sales etc.). That's for all things non bullion and all BUNC and proofs etc. So in 2017 there are details for the Lion of England and Unicorn, 2018 for Red Dragon and Bull, for 2019 and 2020 they may still have details on the RM site under each option of QB

that's what worries me now ... if they keep the same mintage on all of them... I hope not

Ok it looks like the 1/4 oz Silver set is on its way as its just gone into my "closed" orders 🙂

So lets hope that the 300 mintage for the sets doesn't mean another 450 as individual 2oz coins for the rest of the beats 😞

First thing I did is get my wife, kids and my birth years...... the kids happen to be on years there are only proofs 🙂 ... but both got graded as PF70's with mine and the wife's MS64 (hers is 1965

with the Rm anything is possible.. but as a hardened optimist I would say its a mintage of 300 sets with 300 types for each beast

Sorry not with you on the COA thing? its limited to 300 in the 10 coin set... assuming that means 300 of each coin... when they start appearing on "today I received" I am sure they will show maximum per coin 🙂 ..

to be fair I got one as it goes with my gold ones.... now I feel balanced 🙂

I must admit.. as I start on the PC early anyways .. I always log into the RM site on Mondays as 9 out 10 they release something

Love the stuff from Duncan...

still saying 1/4 silver in stock

Ok just seen the 1/4 silver proof set is available as well now @BackyardBullion