What's the Lowest Premium you paid on silver?

I once got a 2015 Britannia coin for £10.00 on eBay, -3.38% below spot (on 15/06/15 spot was £10.35), but I did use a PayPal £10 voucher to achieve this discount.

A more legit example was a 1987 American Eagle for £22.50, 19.49% above spot (on 21/02/13 spot was £18.83), from a local coin dealer.

Above examples include VAT & delivery

Spot....

I’ve been fortunate to get below spot a few times but it’s rare.

Looking back I mainly pay 10 - 20% above spot, the odd time as much as 50% above spot for the odd coin I really wanted.

It’s very hard to buy silver near spot price unless your buying silver in industrial size bars

Right now I want a 2023 5oz Armenia Noah’s ark but I’m looking at paying 60% over spot, which is insane so no purchase yet.

SanMarino wrote:I’ve been fortunate to get below spot a few times but it’s rare.

Looking back I mainly pay 10 - 20% above spot, the odd time as much as 50% above spot for the odd coin I really wanted.

It’s very hard to buy silver near spot price unless your buying silver in industrial size bars


Right now I want a 2023 5oz Armenia Noah’s ark but I’m looking at paying 60% over spot, which is insane so no purchase yet.

Outch. The prices we pay for the things we want.

Indeed, but I’m going to wait until 2024 when the 2023 coins will be less desirable.

I’ve been watching the prince Charles 1oz Britannia’s on eBay recently, most are selling for £35 plus including postage, Madness

I can do you a 2023 brit KCIII looking at 2023 brit QEII ie Mummy for £54. You pay your own postage, UK only. A bit better than eBay.

Just had a look at my spreadsheet. Best silver I’ve bought was at 43% premium over spot and the worst was 252% for a rare coin. But I don’t think spot carries much weight for silver, where the value is driven by demand and desirability.

ArcaneCollector wrote:Just had a look at my spreadsheet. Best silver I’ve bought was at 43% premium over spot and the worst was 252% for a rare coin. But I don’t think spot carries much weight for silver, where the value is driven by demand and desirability.

I wish I bought more in late 2015; Spot went below £10 an ounce so many times

Where do you all manage to buy below or at spot?

ArcaneCollector wrote:Just had a look at my spreadsheet. Best silver I’ve bought was at 43% premium over spot and the worst was 252% for a rare coin. But I don’t think spot carries much weight for silver, where the value is driven by demand and desirability.

Do you know where I am find a template for this spreadsheet?

MisterNoName wrote:Where do you all manage to buy below or at spot?

ArcaneCollector wrote:Just had a look at my spreadsheet. Best silver I’ve bought was at 43% premium over spot and the worst was 252% for a rare coin. But I don’t think spot carries much weight for silver, where the value is driven by demand and desirability.

Do you know where I am find a template for this spreadsheet?

1) you make up your own spreadsheet with what you want.
Examples of collums you might want to have.
Price paid Date Where bought OZ Metal spot on the day Metal (ie gold silver etc ) Name ( ie queens beast )


you can make your spread sheets anything that you want and store them on your pc. it is just a case of updating it every time you buy something. I am long and well and truly trying to back track now. I would not be able to get off my chair until next year.

I'm too lazy for spread sheets I did one years ago and the always forgot to update it. Funny I could do it for banknotes just not coins. I think it was cus I had too many coming in (I've slowed down now) I got a book off Amazon it's very good

As I am still a luddite, I keep my inventory in a red book which I update in pen daily, in and out of stock.

All of my systems, customer lists, accounts etc still done by hand.

@Admin , is there a site to find retrospective spot prices? Thank you

Bondie wrote:@Admin , is there a site to find retrospective spot prices? Thank you

I can not and have never found one. Which is a shame.

Bondie wrote:@Admin , is there a site to find retrospective spot prices? Thank you

I use the Bullion by Post graphs to get a rough idea of what the historical spot price was:
https://www.bullionbypost.co.uk/gold-price/gold-price-history/

I use them for gold, always good service and fast delivery

That is a great shame  @Admin It would have been very useful 

Scrap that!  @21C Bullion’s link is brilliant!! Thanks 21C  

Bondie wrote:That is a great shame  @Admin It would have been very useful 

Scrap that!  @21C Bullion’s link is brilliant!! Thanks 21C  

Perhaps setting a archive on the forum. hmmm

This way we can gather information on coins and the mods and or myself can update a long list. We can separate it into categories ... IE NZM Royal Mint, Canadian Mint, Perth Mint etc and upon release we can have the average prices listed... so in a year or two to come we can all look back and be like OMG

Big job for someone.

denby wrote:Big job for someone.

It is @denby

Might have to get a " Special " helper just to be in charge of that section only.

I would think it would be the most common coins, not every single state of the art coin that power coin sells for instance. but then again why not?

It could get interesting.

tray wrote:I'm too lazy for spread sheets I did one years ago  and the always forgot to update it. Funny I could do it for banknotes just not coins. I think it was cus I had too many coming in (I've slowed down now)  I got a book off Amazon it's very good

I do a spreadheet, I just use Excel, it is easy to forget to update it though. This is a page from mine. I do like that book you have though.

@Rod Panhard You bought your coins at the perfect time in 2015 /16 when spot was around £10.00

Impressive spreadsheet and amazing prices  @Rod Panhard WOW!

21C Bullion wrote:@Rod Panhard You bought your coins at the perfect time in 2015 /16 when spot was around £10.00

That's when I started stacking, pure dumb luck. Every purchase over the last couple of years has seen my cost average rise which is hard to take.

I did buy a. Bronze 1882 no. H penny, it was in a pile of about 20 others , paid about £2.50 for them ('H' mark in the exergue above the date, it indicates Heaton Mint in Birmingham) I had it checked by a dealer and sold it straight home for a lot of money