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Another Impulse Buy That I Can't Afford

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Author Previous TopicReplies: 10 / Views: 1,680Next Topic  
Pillar of the Community
poboxw's Avatar
Canada
1502 Posts
 Posted 12/05/2011  11:30 pm Show Profile   Bookmark this topic Add poboxw to your friends list Get a Link to this Message Number of Subscribers
Couldn't help myself again when visiting the local dealer this past weekend... really can't afford it but did it anyways when pressured with 2 other buyers lined up right after me to take em... Thought i'd show them off on the forum before selling.

2010 18oz silver bullion set and kilo bar from First Majestic Silver Corp.
Canadian company, Mexican silver and art, American mint (Northwest Territorial Mint), it's the perfect coming together of North American PM.

Another-Impulse-Buy-That-I-Can't-Afford
Another-Impulse-Buy-That-I-Can't-Afford
Another-Impulse-Buy-That-I-Can't-Afford
Another-Impulse-Buy-That-I-Can't-Afford
Another-Impulse-Buy-That-I-Can't-Afford
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 12/05/2011  11:45 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
That is an unreal set, wow! Really blown away with that nice bar, and that great 10 oz. coin, which appears to have the Aztec calender on it, which is a most amazing design IMO....

I would like to have one of those myself, and I imagine the premiums on a set like that is off the charts eh....
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poboxw's Avatar
Canada
1502 Posts
 Posted 12/06/2011  12:24 am  Show Profile   Bookmark this reply Add poboxw to your friends list Get a Link to this Reply
not too too bad, both at about $45/oz
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 12/06/2011  01:25 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
In my opinion 45 an oz. is not bad at all, as you and I both share a similar love of the nicer stuff it is safe to say. And it seems like we are both far an few between in that area, as most go for 90% or the closest to melt or under. But we see the re-sale value in the nicer items, as they do have their market....

Like now with silver real low, those items still bring big money IMO, so when silver really starts to climb, those sets value will really start to climb fast, nice addition....

By the way that great bar says it is a kilo. How many troy oz. does a kilo translate to?
Edited by Silverhawk74
12/06/2011 01:29 am
Pillar of the Community
poboxw's Avatar
Canada
1502 Posts
 Posted 12/06/2011  02:09 am  Show Profile   Bookmark this reply Add poboxw to your friends list Get a Link to this Reply
1kg = 1000g = 32.15 troy oz
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Bizybackson's Avatar
United States
1817 Posts
 Posted 12/06/2011  4:01 pm  Show Profile   Bookmark this reply Add Bizybackson to your friends list Get a Link to this Reply
That is a NICE kilo bar, will have to start looking into those...sure beats the 5 and 10oz rounds I've been buying. If anything it would be a conversation opener, or handy as brick in a handbag to ward off a wannabe mugger!
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Ed_B's Avatar
United States
4008 Posts
 Posted 12/06/2011  5:59 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
Very very nice for sure. My favorite is the 10 oz. Mexican round. All are great but that is awesome. Thanks for the pix.
Valued Member
chris beatie's Avatar
344 Posts
 Posted 12/07/2011  05:44 am  Show Profile   Bookmark this reply Add chris beatie to your friends list Get a Link to this Reply
Man that 10 oz coin is so nice. Please pass it to me in a will of something. I will shine your shoes for a year or wash your car every few weeks :D, heck ill even walk your dog and pick up his poop, I just want that 10 oz coin!
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swrbxxx's Avatar
Canada
834 Posts
 Posted 12/07/2011  08:00 am  Show Profile   Bookmark this reply Add swrbxxx to your friends list Get a Link to this Reply
http://www.store.firstmajestic.com/...s.aspx?id=17

They also have a wide variety of smaller bars, the 10oz proof by itself
Prices are fair for what your getting
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Ed_B's Avatar
United States
4008 Posts
 Posted 12/07/2011  6:25 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
No, actually, that is not at all bad... under $37 per oz. of silver. Not sure what shipping would all to that but it seems pretty competitive with silver Maples or ASEs.
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poboxw's Avatar
Canada
1502 Posts
 Posted 12/08/2011  12:36 am  Show Profile   Bookmark this reply Add poboxw to your friends list Get a Link to this Reply

Quote:
Prices are fair for what your getting

Looks like a very good deal straight from First Majestic but in reality not so much especially for us Canadians swrbxxx.

For some reason, FM only charges in US dollars, only accepts credit card payments, and only ships from the states with UPS. So, not only do Canadian buyers have to pay to purchase US dollars, we have to do so through over pretty premium that credit card companies charge, AND pay UPS customs brokerage fees on top shipping even when pure silver bullion incurs no taxes.
All in all it'll be much higher than $37/oz depending on the amount you buy. That's why the local dealer I go to only very rarely get a shipment in from FM and is forced to sell at a higher per oz premium
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