Guess the physical floor

[HelpingHands]

Shall we have a guess at what the absolute floor for a 1oz coin will be no matter where the spot price goes. Even if we drop to £7/6/5 per oz dealers may not be able to sell coins below a certain price due to all the costs incurred.

We can use the STG maple price.

I think we won't be able to buy a maple at STG for less than

.....erm..... £10.50

[HelpingHands]

Maybe a mod can change the title to

'Guess the Physical Floor'

[craig12]

does that really matter as discussed before , premiums will go up to recoup losses  

i just checked atkinsons sunshine mint 1 o\z  spot dropped 27p or so  their price is virtually unchanged

[motorbikez]

Maybe a mod can change the title to

'Guess the Physical Floor'

 

Done HH

[BaldyBob]

I would be surprised if it got anywhere below £11.

Add VAT for UK sites of course.

[motorbikez]

I'll take a stab at £9.46 excluding delivery.

[Keithoil]

Me mmmmmmmm I will say lower at £9.27.

[Danny-boy]

Me mmmmmmmm I will say lower at £9.27.

I do wonder what spot price would need to be, for us to see physical at £9.27

[doogs]

My guess is £10.57.

[Shamatti]

They can't drop below £10.50 delivered I'd say.

[HighlandTiger]

If we assume that dealers will aim for a 50% premium as we have seen in the past on low prices them unless silver falls through the floor to below £7 then I can't see coins getting much cheaper than £10 - £10.50

[HelpingHands]

Can see or can't see?

[HighlandTiger]

Lol can't . big fingers little phone dodgy eyesight. A recipe for disaster

[HelpingHands]

Interesting. So most of us think if we buy the cheapest generic right now we can only lose about 10%.

[watchesandwhisky]

Yep I think around £10 delivered.

[HighlandTiger]

True HH. But then when have any of us ever been right. Lol

[TerryGriffiths]

£9.77.

[shemyaza]

£10.00 sorry typing error, just saw it showing 0.00.

[Danny-boy]

£0.00

If that happens, I'll buy your entire stack for a 1,000,000% premium.

[shemyaza]

Danny, well spotted, i pressed post a bit too soon without realising the important 1 was missing.