Atkinson's has suddenly become more expensive?

[goldmember44]

I noticed when checking the prices of a tube of silver Britannia's. A few days ago it was priced at £641 -- the most competitive on the market, about a pound cheaper than Chards. The following day, the price of silver dropped, so I was eager to see the Atkinson's price now. It became more expensive! Now it was £660 -- almost £20 more expensive than Chards.

I heard that Atkinson's was bought over by an American firm recently, I wonder if this has anything to do with it?

The reason why Atkinson's is so popular is mostly due to their competitive prices, often the best on the market. But if they are now going to be more expensive than others, I think many customers will buy where it is still cheap, like Chards or Tavex.

Any comments? I hope I'm wrong about this.

[Ronnie]

Trouble with Tavex is they have now removed the free delivery option for TSF members.

 

[modofantasma]

33 minutes ago, goldmember44 said:

Any comments? I hope I'm wrong about this.

Premiums and margins fluctuate with dealers it seems. It depends a bit on what you're buying and how many of them too as to which will be most cost effective

[Ronnie]

Seems so, i used Atkinsons this week and thought it was reasonable. My order would have previously gone to Tavex but because they removed the free delivery it made Atkinsons cheaper. 

[goldmember44]

The problem with easily comparing dealer prices is that some include free delivery in their list price, whilst others do not -- but add usually about £6 at least.

[BullionBob]

41 minutes ago, Ronnie said:

Trouble with Tavex is they have now removed the free delivery option for TSF members.

 

I never even knew free delivery for TSF members was available at any point, could have saved myself a small fortune.

[Ronnie]

It was very handy I must admit

[Stuntman]

Atkinsons and Chards are my first ports of call for new coins, so I will be keeping on top of these developments when there's something I want.
BBP (for gold) and SilverTrader (for silver) are my next ports of call.

Only then the RM!

[MrStacker]

No you are not wrong. I agree with you. Atkinsons have been playing around A LOT with their prices recently. Especially with their silver coins and tubes.

Chards overall is still cheaper than Atkinsons even when you add the delivery cost. If you are buying individual items then it may not necessarily work out better but multiple items seem to work for me. Like with most dealers and gold price websites - you basically have to keep checking daily or even hourly 🤣 for the right price/deal that makes sense for you.

[SilverPlatinum]

14 hours ago, goldmember44 said:

I heard that Atkinson's was bought over by an American firm recently, I wonder if this has anything to do with it?

A-Mark entered into a definitive agreement to acquire a 25% minority interest in Atkinsons.

[ArgentSmith]

14 hours ago, BullionBob said:

I never even knew free delivery for TSF members was available at any point, could have saved myself a small fortune.

News to me, must have been a some sort of secret?

[Paul]

Which USA firm have bought them out ??? First I've heard of this 

[TringSilver]

Same @Paul

 

EL SEGUNDO, Calif., Feb. 03, 2023 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, today announced that it has entered into a definitive agreement to purchase a 25% ownership interest in a United Kingdom-based company which owns and operates through a wholly owned subsidiary, Atkinsons Bullions & Coins (“Atkinsons”), for cash consideration of $2.75 million. Founded in 1990, Atkinsons is a leading United Kingdom-based online retailer of precious metals, bullion and coins.

Atkinsons reported revenue of over $130 million in calendar 2022. In connection with the agreement, A-Mark and Atkinsons will enter into a three-year supplier agreement which includes a renewal provision. A-Mark will also be granted an option, exercisable no sooner than 24 months after the closing, to purchase an additional 24.5% ownership interest in Atkinsons which, if exercised, would increase A-Mark’s ownership interest to 49.5%.

“The A-Mark team and I are impressed with Atkinsons’ track record within its Direct-to-Consumer (DTC) market,” said A-Mark CEO Greg Roberts. “This transaction represents our first investment outside of North America, and expands our international footprint as we continue to focus on growing our DTC base and geographic reach.”

“We are delighted to welcome the team at A-Mark to the Atkinsons family,” said Paul Atkinson CEO of Atkinsons Bullion & Coins. “From our initial meeting it was obvious we shared the same values for exceeding our clients’ expectations and delivering market-leading products and services at competitive prices. We are confident this partnership will support and enhance our ambitious growth plans. A-Mark's experience will be invaluable to our strategy.”

The proposed transaction is expected to close in March 2023, subject to customary closing conditions.

[Stu]

Now whatever ever happened to that special trade deal that was trumpeted  with the states that was proposed when Brexit happened.

No cheap silver for the UK, again. 

[KitboyE17]

I used to head to Atkinson as my first point of reference when buying - but then I discovered Chards last Autumn who continue to out perform with remarkably low premiums.