Average £/oz

[craig12]

yep I understand, I don't really sell on e bay to be honest , im a generic man I think , gotta get the average down with the vat issue and buyback being so low  if youre not selling on e bay

 

the couple of bargains that brought it down were the Guernsey doubles at £12.50 each and the 6 coins ive just bought off a fellow stacker at £13.33 per coin  collect basis  no postage

[HighlandTiger]

Hi Guys,

Looks like Silver is going down later this month/early next month. Many commentators on Kitco are quite bearish for the Summer months and even David Morgan (the so called silver guru) is anticipating $17 and possibly even lower before it rises again.

 

 

 

Now you know why I don't pay any attention to these "Experts". 

[HighlandTiger]

My current stack average has risen a little, due to my recent buying of a few older Britannias, some kooks, and Gaisoppa rounds, but it's till sitting at a healthy, £16.41 an oz. Will need to get it down though. Want to try and get it to below £16.

[craig12]

I think working the figures backwards im paying around £13.07 plus vat in a funny sort of calculation

[craig12]

as a direct comparison atkinsons charge £14.04 + vat if you buy 1000 sunshine minting bars= £16.85 per bar

[a_a]

My basic coin stack is about £14.50, I don't include my numismatic stuff in that as it's not going to be sold, but would probably closer to £20 if I did

[HighlandTiger]

I think working the figures backwards im paying around £13.07 plus vat in a funny sort of calculation

It's actually £13.05, but what is a couple of pennies between friends 

[craig12]

just off topic a little , but keeping on silver  if I can buy an ounce for £16 average, how much profit do jewellers make when you see a sterling silver cross or earings at ridiculous money

[Danny-boy]

My basic coin stack is about £14.50, I don't include my numismatic stuff in that as it's not going to be sold, but would probably closer to £20 if I did

Ah, if we are being selective on what we include then I reckon I wouldn't be far off Craig's average.

I like that idea.

[HighlandTiger]

just off topic a little , but keeping on silver  if I can buy an ounce for £16 average, how much profit do jewellers make when you see a sterling silver cross or earings at ridiculous money

The retail jewellers shops make about 25%-100% on all their jewellery items. (I have a good friend who is a senior manager at H Samuels). But she says the best profit margin is in watches, of which 100-200% is not uncommon. She says, if she sells one watch and one diamond ring a day, then that is the wages of all the staff paid for for the day.

[HawkHybrid]

 

 

Guernsey doubles at £12.50 each

 

I think you're skewing the results a little, don't those doubles need vat?

 

HH

[a_a]

Ah, if we are being selective on what we include then I reckon I wouldn't be far off Craig's average.

I like that idea.

They are on different pages on the spreadsheet so I'm not allowed to merge the results. I don't make the rules!

[craig12]

yes they were plus vat and del  but on the whole my 26 oz Is as stated on the oz average taking into account all purchases  total money spent divide by 26 

[craig12]

unless ive done it wrong and the average oz is without del and vat  then ive worked it out wrong

[Ares]

Club 'em all together, don't use creative accounting to make your PMs cheaper than they technically were

 

Finally got round to getting mine sorted, 36ish oz for £25 per oz which isn't so bad considering I've not got a whole lot of bullion. Included delivery/postage costs.

[a_a]

ah, it's still only £15.24, not bad! Just worked out my mercury dime cost £57/oz lol

[craig12]

down to £15.23  after just purchasing 5 oz for £65

[HighlandTiger]

Thought I'd update my Silver average. I'm now at £16.06 per oz t. That's for 161 oz's. 

 

Happy with that, but I'm aiming for below £16 if I can. 

[Ares]

Need a couple tubes of ASE then, they'll set you right

If I want to reduce my price, that's what I will end up getting.

[ChrisSilver]

Need a couple tubes of ASE then, they'll set you right

If I want to reduce my price, that's what I will end up getting.

Or libertads

[Ares]

I'm not a fan of them myself, I've got one for the collection but that is all

[silversword]

If the £/oz really is the most important then the difference between ASEs or Libertads shouldn't even come in to it; Philharmonics and Maples are cheaper by far. You lot and your £16.xx averages... I am still above £18/oz at the moment.

[Ares]

But philharmonics are ugly and maples go all crappy, who would buy those?

[silversword]

Maples are crappy and I hate the spotting. Philharmonics though, are quite beautifully done in my opinion and I would happily stack them as low cost investment bullion if ££s was all I cared about. Sadly I love a bit of variety hence the higher average.

[StackemHigh]

Stay away from the new £20 coins if your overly worried about your£/Toz ratio.