Silver Grain

[calandlew1]

@morezone

Hi everyone,  can I ask if people collect low price sub standard bullion with spotting, nicks, scratches with the intention just to sell in the future for silver content?  If the answer is yes and their is no semi or numismatic value why don't people collect silver Grain bullion straight from a bullion dealer? Is there a reason why not?  Is it just to live in hope they can make a profit or just break even on spot?  Haven't been collecting a year and just wanted some info please,  Regards Chris 

[morezone]

Silver grain has VAT content so already 20% over spot before any manufacturing costs/dealer profit.  A cheaper option would be to buy scrap.  

B grade collectible bullion will still have a small premium although significantly less than a mint one.  Some people may just want a cheap one off.  Others fondle and play with their coins so the premium on a mint one would be lost anyway.

When it comes to selling they should get back close to spot but if the coin has become collectible, even with spotting/tarnishing etc it should still hold some sort of premium.  Most people prefer mint coins but there are people out there would are happy to buy less than mint if there is enough of a saving.

 

[calandlew1]

2 minutes ago, morezone said:

Strange,  I've been offered an ounce of silver Grain Inc vat for £11.80,  can't find an oz silver coin for that but thanks for the explanation 

[MCJ]

Could you post a link please?

[morezone]

1 minute ago, calandlew1 said:

6 minutes ago, morezone said:

Strange,  I've been offered an ounce of silver Grain Inc vat for £11.80,  can't find an oz silver coin for that but thanks for the explanation 

£11.80 is a good price as that is £9.83 ex VAT which is close to spot.  I'd expect a price close to that from a refiner but I can't see any profit in it for a dealer.

€15.50 ex delivery is possible for cheap bullion which makes it around £12.48 inc fees.

[calandlew1]

3 minutes ago, MCJ said:

Could you post a link please?

The price I've been offered may be because I work in the jewellery quarter and know them I'm unsure 

[MCJ]

That sounds probable.

Lucky you, are you going to back a truck up??

[calandlew1]

Lol,   I needed a quote to make these rounds in silver

[MCJ]

Go for it, it's a worthy design.?

[calandlew1]

Cheers @MCJ got an engraver engraving the building onto a blank round, then ive got a wax carver carving the raised kook in wax to put on the round, then ill make a mould of the finished design and be able to produce them

[MCJ]

Awesome. I'm having a first dabble with wax carving at the moment. It's a lot harder than the guys on YouTube make it look!

[calandlew1]

I know lol and the tools u nd

[MCJ]

It doesn't help if, like me, you have hands like JCB buckets......?