closed 1kg Umicore silver bar

[cravethatcoin]

1kg Umicore .999 fine silver bar for sale

I'm selling my 1KG silver bar produced by Umicore. The bar is one of the most popular 1kg silver bars.

This 1KG contains 32.1507 troy oz of .999 fine silver (spot value at time of thread: £437.24).

I'm selling the bar for £510 including Royal Mail special delivery.

I will post this bar via recorded delivery through Royal Mail once payment has been made.

If you have any questions please feel free to contact me.

Thanks.

[Peacemaker]

wont make much difference but a kilo contains a little over 32 troy oz of silver 👍

[Peacemaker]

and £500 is a great price for 1kilo posted and fully insured, if I was in the market for bullion, I would snap this up

[StackSellRepeat]

9 minutes ago, Peacemaker said:

wont make much difference but a kilo contains a little over 32 troy oz of silver 👍

32.15 Toz 😜

[cravethatcoin]

Thanks everyone. Info updated.

I probably got a little wild with the £500 price considering the weight so I have increased it slightly to £510.

[silvernewbie]

Spot price for these is currently £430 how much of a premium do these usually go for? I thought with bars its closer to spot compared to coins

[goldmember44]

8 hours ago, silvernewbie said:

Spot price for these is currently £430 how much of a premium do these usually go for? I thought with bars its closer to spot compared to coins

You won't find a kilo silver bar for spot or even close to spot. Especially not a new one or of a known brand. Remember we have to pay VAT in the UK on this, and then these normally have a premium on top of that. This bar would set you back around £600 in popular dealers like Atkinson's or Chards.

[cravethatcoin]

Edit: I have updated the original post with pictures of the bar.

As @goldmember44 rightly said silver bars at least in the UK tend to be more expensive vs coins. The reason is because unlike coins purchased from Europe bars are not legal tender so do not qualify for VAT discounts.

This bar was one of the first silver purchases I made and unfortunately that means I paid VAT on it Thankfully it wasn't too many purchases before I started to purchase from Europe.

This is a stunning bar, the only reason for selling is that I prefer coins.

For reference here is the bar on bullionbypost: https://www.bullionbypost.co.uk/silver-bars/1kg-silver-bar/umicore-1-kilo-silver-bullion-bar/

[Peacemaker]

11 minutes ago, cravethatcoin said:

Edit: I have updated the original post with pictures of the bar.

As @goldmember44 rightly said silver bars at least in the UK tend to be more expensive vs coins. The reason is because unlike coins purchased from Europe bars are not legal tender so do not qualify for VAT discounts.

This bar was one of the first silver purchases I made and unfortunately that means I paid VAT on it Thankfully it wasn't too many purchases before I started to purchase from Europe.

This is a stunning bar, the only reason for selling is that I prefer coins.

For reference here is the bar on bullionbypost: https://www.bullionbypost.co.uk/silver-bars/1kg-silver-bar/umicore-1-kilo-silver-bullion-bar/

Your price Works out at £15.86/troy oz posted, last time I checked (over weekend) spot was £14.44 now I haven't looked but I'm sure I could not find many if any bars or rounds big or small that cheap posted, great price but its size does scare a few having more money tied up into 1 bar opposed to 32 rounds, great for long term investment/savings

[Downs523]

I agree with the above comments, it's a fair price but the drop in spot will put some off. I sold a 1kg metalor silver bar with certificate for £490+post a week ago and it went the same day? Depends how quick you want it sold really. Sub £500 and it will sell quickly. Good luck with the sale 👍

[cravethatcoin]

Thanks everyone

[cravethatcoin]

Shameless bump :)

[silverdocket]

 What coins  are you looking for?  

[cravethatcoin]

On 25/10/2019 at 16:22, silverdocket said:

 What coins  are you looking for?  

I will be buying coins with the money from sale

[bilko]

I am curious, am in the Channel Islands, so no VAT here, does the price include VAT and if so can it be removed if shipping to the Channel Islands as that would make it very affordable for my 1st bar 

[cravethatcoin]

7 hours ago, bilko said:

I am curious, am in the Channel Islands, so no VAT here, does the price include VAT and if so can it be removed if shipping to the Channel Islands as that would make it very affordable for my 1st bar 

The bar does not include VAT but I do not need to charge VAT as I am selling as a individual purchased for myself not a business.

Thanks

[cravethatcoin]

Bump

[Downs523]

I'll chuck an offer in at £460 posted. Bit below asking but still £40 over spot. 👍if anything.. it's a free bump 😂

[Bullionbilly]

15 minutes ago, Downs523 said:

I'll chuck an offer in at £460 posted. Bit below asking but still £40 over spot. 👍if anything.. it's a free bump 😂

Lol.

If you don't ask... you don't get 👍

[Downs523]

2 minutes ago, Bullionbilly said:

Lol.

If you don't ask... you don't get 👍

That's my thinking, been a month now and not sold👍 

[firestacker]

6 hours ago, Downs523 said:

That's my thinking, been a month now and not sold👍 

The curious thing about this is that I've noticed several other 1kg umicore bars come up after this post and sell at £500 recently. Does £10 make all the difference or is the lack of trader feedback for OP putting people off? To be honest I've noticed anything above £500 on this forum and sales tend to get much slower which is a real shame! Raid the beer money people! I would be buying this if I didn't have 4 already.

[silverdocket]

11 minutes ago, firestacker said:

The curious thing about this is that I've noticed several other 1kg umicore bars come up after this post and sell at £500 recently. Does £10 make all the difference or is the lack of trader feedback for OP putting people off? To be honest I've noticed anything above £500 on this forum and sales tend to get much slower which is a real shame! Raid the beer money people! I would be buying this if I didn't have 4 already.

 They're nice little chunky monkeys...

 Buy it you know you want to 

 I'll be keeping an eye out for a few more 

 With the conversion rate it works about €600 Plus the post for me... 

 Bloody high spot price....

 

 

[R2DANIO2]

34 minutes ago, firestacker said:

The curious thing about this is that I've noticed several other 1kg umicore bars come up after this post and sell at £500 recently. Does £10 make all the difference or is the lack of trader feedback for OP putting people off? To be honest I've noticed anything above £500 on this forum and sales tend to get much slower which is a real shame! Raid the beer money people! I would be buying this if I didn't have 4 already.

I've bought about 5 items off here and my trader feedback is 0? I dont even know how to give or receive it.

On a side note I was considering this bar but it would need to wait till payday in 2 weeks time.

[firestacker]

1 minute ago, R2DANIO2 said:

I've bought about 5 items off here and my trader feedback is 0? I dont even know how to give or receive it.

I would say it matters more if you're selling. Buyers take on the risk as you normally make a payment first before you recieve the item.

[5huggy]

1 hour ago, R2DANIO2 said:

I've bought about 5 items off here and my trader feedback is 0? I dont even know how to give or receive it.

Go HERE buddy - - - > > > > >   https://thesilverforum.com/feedback/