closed 1KG Umicore silver bar

[cravethatcoin]

Hello there,

I have my 1KG Umicore silver bar for sale, it's the exact same bar listed below:

https://www.bullionbypost.co.uk/silver-bars/1kg-silver-bar/umicore-1-kilo-silver-bullion-bar/

My asking price is £550

Thanks

[Stu]

@cravethatcoin you must list a price for your item, thems the rules.

[cravethatcoin]

5 hours ago, Stu said:

@cravethatcoin you must list a price for your item, thems the rules.

Thanks, now added

[cravethatcoin]

Bump

[StackerNoob]

Ive seen three of these sell on ebay this weekend for £500-510. You'll have to come down a bit. 

[cravethatcoin]

Bump with new asking price of £515

[Peacemaker]

silver @ £387/kilo, high premium for bullion

[cravethatcoin]

Understood but unlike coins bars are not legal tender so many people will purchase this bar with VAT.

[Nick]

49 minutes ago, cravethatcoin said:

Understood but unlike coins bars are not legal tender so many people will purchase this bar with VAT.

You pay VAT on all silver whether it's coins (legal tender or not) or bars.

Extremely annoying!

[cravethatcoin]

Technically yes but if you order from outside of the UK such as Germany you pay a much lower rate on coins as they are classed as legal tender. This isn't the case for bars so they tend to be more expensive.

[StackerNoob]

To be fair trying to find a 1kg bar for anywhere under £500 is very hard in the UK.

What condition is the bar in, any pics?

[Bullionbilly]

1 hour ago, StackerNoob said:

To be fair trying to find a 1kg bar for anywhere under £500 is very hard in the UK.

 

Have a look through old sales mate. @arshimo2012 sells plenty, well under that.

[Thelonerangershorse]

Last 2 went for £442 posted, and that was before the price dropped.

[cravethatcoin]

On 18/12/2017 at 17:43, StackerNoob said:

To be fair trying to find a 1kg bar for anywhere under £500 is very hard in the UK.

What condition is the bar in, any pics?

The bar is in perfect condition. Happy to post pics here if you're still interested.

I would be willing to sell the bar for £500 + postage (around £6 I would think), any less than that and I'd rather hold.

Edit: pictures added to my main thread:

 

[Peacemaker]

On ‎18‎/‎12‎/‎2017 at 17:43, StackerNoob said:

To be fair trying to find a 1kg bar for anywhere under £500 is very hard in the UK.

What condition is the bar in, any pics?

it is hard because people don't like to lower there prices when the market price lowers, for obvious reasons, but soon as there is a slight increase, buyers will see the increase immediately, only dealer I see lower prices with the market price is mo, all other dealers I see keep there price the same even if £2-3 per oz lower but then increase when it is up 50p, 

[cravethatcoin]

53 minutes ago, DaveWheat89 said:

it is hard because people don't like to lower there prices when the market price lowers, for obvious reasons, but soon as there is a slight increase, buyers will see the increase immediately, only dealer I see lower prices with the market price is mo, all other dealers I see keep there price the same even if £2-3 per oz lower but then increase when it is up 50p, 

Yes this is true, I have noticed this with large dealers. I like to monitor premiums VS spot and I started to notice that after spot drops a certain amount dealers have a minimum price they will see at regardless of spot. This is what it looks like anyway.

Regarding my 1kg bar if I can't sell it for £500 I will hold it

[oliversw5]

6 hours ago, DaveWheat89 said:

it is hard because people don't like to lower there prices when the market price lowers, for obvious reasons, but soon as there is a slight increase, buyers will see the increase immediately, only dealer I see lower prices with the market price is mo, all other dealers I see keep there price the same even if £2-3 per oz lower but then increase when it is up 50p, 

That isn't true. I just lowered my tier 1 governmental bullion to 15 an ounce and no one bought on here...

I actually have a bullion board where I change the prices each week in relation to spot. There are a few dealers that do it, its not jus Mo. (Mo does do a fantastic job) 

 

[Peacemaker]

4 hours ago, oliversw5 said:

That isn't true. I just lowered my tier 1 governmental bullion to 15 an ounce and no one bought on here...

I actually have a bullion board where I change the prices each week in relation to spot. There are a few dealers that do it, its not jus Mo. (Mo does do a fantastic job) 

 

"only dealer i see" not saying the only dealer that does, and i was using the 1kg as reference as mo let some go for £440 recently, not seen any kilos this cheap. I think mo has the best prices hands down.