Aus Silver Shortage Update

[DarkChameleon]

1 minute ago, DarkChameleon said:

USD.

The ones I have right now are 2011s which are 25th anniversary by date...the premiums are just ridiculous

[OldCoin]

Yeah true, but premiums are going to increase from here too if this keeps going. It's much the same here and across the board.

The eagles are running thin by the look of it, hat else can you get. Why not go direct to a mint in US or OS and pay less premium than LCS's

[DarkChameleon]

13 minutes ago, OldCoin said:

Yeah true, but premiums are going to increase from here too if this keeps going. It's much the same here and across the board.

The eagles are running thin by the look of it, hat else can you get. Why not go direct to a mint in US or OS and pay less premium than LCS's

The big buyers are vacuuming up the monster boxes, suppliers are too iffy and have cancelled orders for lcs when the premiums jumped, I can get coins for $6 US over but that is not a stacking deal...im a net seller right now parting out with over 1/3 myholding in silver moving to high premium and historical cos smoke and fire are not good if yourvstanding inside the fire place...im selling full sets of 2oz silver at $100 a coin, sold my egyptian, my privateer, about to list my qb 2 oz set for $1000 us and will probably sell...thats a big premium on spot..sold my earth and beyond set for $2000, had it listed at $2000 oboe and they didn't even make an offer, just bought it before someone else did....got a coin from Powercoin ordered in Feb not even going to deliver till june...the delivery times are all over the place.

[Robda1986]

😳 Who Sells back to a dealer knowing they'll get basically spot? 

 

[Bigmarc]

Thought I would have a look at silver availability in Australia. I don't think they pay taxes on it as seems a good price. £23.72

Looks like there is plenty about to.

[OldCoin]

1 hour ago, Bigmarc said:

Thought I would have a look at silver availability in Australia. I don't think they pay taxes on it as seems a good price. £23.72

Looks like there is plenty about to.

Correct no tax on G & S here.

Bullion Now have a rather low premium compared to other dealers.

Someone sold a few bars hey? Bet that's snapped up fast.