Where are Brits buying silver coins in this time?

[Xandcoin]

Hi, I am very new to all this and also struggling to find Silver Brit coins... obviously I understand the situation and will just keep my eye out.

I was under the impression Royal Mint... mints to order... thus surely they will be producing like mad at the minute and restock will come in the following month/s? 

[Seth]

I know Atkinsons are desperately looking to buy gold and silver, they've just mass emailed all of their customers reminding them that they don't just sell gold and silver bullion, but also buy it from people, and just how easy it is to sell your bullion to Atkinsons and how they will pay you within 72 hours for any gold or silver bullion you sell to them once you have agreed apon a price.

[greektony]

Not sure why anyone would want to sell to Atkinsons at the moment. Their buy prices don't correlate with their sell prices lol

[Seth]

6 minutes ago, greektony said:

Not sure why anyone would want to sell to Atkinsons at the moment. Their buy prices don't correlate with their sell prices lol

They never do as far as I've seen.

[greektony]

I'm sure they don't lol. I meant that looking at the huge premium over spot on buying, why would you sell for less than spot to the same dealer! I'll buy any .999 silver at £11.xx an oz!!

[HawkHybrid]

my guess is that lcs are currently having substantial

problems with replenishing stock sold. given there are

fixed costs associated with the business, selling less

ounces means increasing the margin(profit per ounce)

in order for the business to remain open.

 

HH

[Au79]

For the financial savy dealers, hedging option is a cost to exercise, insurance against price volatility.

For the non financial savy dealers, hedging is not an option, holding on to the physical and selling without making a loss is common sense. Price volatility matters not for firm believers of insurance, to be exercise in time of need.

Dont see why both scenarios can’t exist in the same paradigm.

[Blehhhh]

On 18/03/2020 at 20:01, bluemoon said:

Caught napping I was! But I didn't think people panic buy silver. If they do then they need to sort out their priorities! My hunch is that the dealers are holding onto the main coins until things settle down, but that's just my hunch.

Sorry if this is noob question.

But why does the coin type matter, as long as they are silver.

I bought some 1oz coins on European mint for a decent premium. But They were the cheapest 1oz coin I could get, . 999 fine silver though.

[5huggy]

22 minutes ago, Blehhhh said:

Sorry if this is noob question.

But why does the coin type matter, as long as they are silver.

I bought some 1oz coins on European mint for a decent premium. But They were the cheapest 1oz coin I could get, . 999 fine silver though.

From the perspective of "Bullion" - you are quite right - it doesnt matter as  long as its "investible " grade" i.e. 999/999.9

[bluemoon]

On 01/04/2020 at 16:14, Blehhhh said:

Sorry if this is noob question.

But why does the coin type matter, as long as they are silver.

I bought some 1oz coins on European mint for a decent premium. But They were the cheapest 1oz coin I could get, . 999 fine silver though.

The only reason it might matter is because UK coins are CGT free when selling. But otherwise you're right, silver is silver.