Silver surprise

[DrKarlMoneys]

I got the idea for this after watching a Salivate Metal video about a mystery unboxing. In his case, he just couldn't remember what he'd ordered but it got me thinking.
Most wanted ads for looking for something quite specific but I posted a 'surprise me' wanted ad late Saturday night (I live a very rock and roll life style) for any silver (up to 5oz per person) and willing to pay up to £20 per oz. I set the limit at £20 as that's about what it'd cost to buy a 1oz Britannia in the UK at the time. I was relying on people valuing what they had fairly and didn't want to be too restrictive otherwise I would have ended up with only a lot of bullion coins which, though nice, wouldn't have been as interesting.

https://www.livememe.com/djkl341/live-dangerously--austin-powers-meme/

I had 4 messages of interest by mid morning Sunday. While it's still a buyer's market at the moment with spot being so low it's good to know that there are people still willing to sell.

[Ryan]

The Rwanda ones would have been a nice surprise.

[DrKarlMoneys]

23 hours ago, Ryan said:

The Rwanda ones would have been a nice surprise.

That was the first of that series I got, they are nice, I think I might get the others. Not sure why Rwanda did them, though, considering they're a land locked country!

[RoughDog]

It's £19.78 including VAT and delivery for a single Britannia at the mint now.

Fair price is one of those funny things that is almost impossible to determine accurately.  When buying everyone wants the cheapest price and when selling everyone wants as much as they can get.  I suspect some stackers are part collectors too and won't want to part with some of their perceived best coins for the cheapest price.

All coins don't seem to be in the same condition.

[DrKarlMoneys]

2 hours ago, RoughDog said:

some stackers are part collectors too

Yes, and that includes me, which is part of the reason I did this, to get some more interesting variety and things I may not have otherwise, which I did.

 

2 hours ago, RoughDog said:

All coins don't seem to be in the same condition.

They're not but the worst I had was a couple with a little spotting which I was asked about in advance and which I paid less for. To the credit of the members I was buying off I actually had a couple who said they'd accept returns if I didn't like something but I've not felt the need to take them up on that.

[Bullionbilly]

An interesting mix you got there. Id say that experiment was a success. 

Do you have a £ / oz average ?

[DrKarlMoneys]

The average across all the ounces was £18.92 per oz but obviously the more premium coins and the BYB bar skew this upwards a bit.