Do I buy 500g Pamp Silver

[Money2Metal]

Even though I said I wasn't buying any more , a local pawn shop near me has a couple of 500g Pamp bars for £300 each. They come in capsules but no certificate that I can see even though they are stamped with serial numbers. 

Does this seem like a good buy? Sorry I'm more of a coin man 😂

[MickD]

Looks pricey to me, going by what 100g bars sell for.

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Added 0 minutes later...

But would depend on age/rarity I suppose.

 

[richatthecroft]

@StackSellRepeat will be able to advise in terms of rarity of PAMP. 

Not PAMP, but these are nice- better bang for your buck too:

 

[Money2Metal]

Thanks I'll bare them in mind. The shop is generally overpriced for silver but thought these might've been special.

 

[StackSellRepeat]

Personally I wouldn’t pay £300 for the 500G pamp bars, for sure they have premium on them but if you wanted to cash out on your whole stack quick no dealer would give you more than what they’re paying on any .999 bullion silver at the time.

 

on the forum yes you could get more, but with that said where all cheap.... if your buying silver for pure investment I’d stick to low premium.

 

These 500g are Newley minted @richatthecroft they only go for premium due to pamps high mark up on all they’re products, they definitely make some world wonders but personally I think all the new minted stuff isn’t really a good option for investment unless your paying below market prices  

 

 

 

 

[Bimetallic]

On 24/07/2019 at 11:38, Money2Metal said:

Even though I said I wasn't buying any more , a local pawn shop near me has a couple of 500g Pamp bars for £300 each. They come in capsules but no certificate that I can see even though they are stamped with serial numbers. 

Does this seem like a good buy? Sorry I'm more of a coin man 😂

No it's not a good buy. Just do the math. I don't understand the question. If you just divide 500 g by 31.1 to get the number of troy ounces, it's approximately 16 oz t. That comes to something like $23.10 per oz t. That's a ripoff.

[Tn21]

Yh it's a bit pricey for the 500gram of silver. 

Im sure you can purchase a 500g from the forum in the region of £220-£260