Bullion Round Limited To 8888 Only? Is This A First?

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Author	Replies: 5 / Views: 1,643
awallin01 Valued Member United Kingdom 477 Posts	Posted 03/20/2014 6:35 pm I came across a bullion round, that the seller has described as being limited to 8888oz only. Each one being 1oz thus making 8888 of them. Do you think this is a good purchase? http://www.onlinebullion.co.uk/SGB-...-of-Dissent/ What do you guys think about this? Report this Post to the Staff

zxcccxz Pillar of the Community Canada 5417 Posts	Posted 03/20/2014 7:00 pm 25 Pounds for a Anonymous Silver round is ridiculously high. The value of any "collector" bullion round is not only increased by a low supply (Mintage) but also a high demand. I can bet you that there is no demand per-say for this particular round. So it's pretty much worth Silver content plus maybe a $2-$3 premium. I know this because I have bought several 2oz rounds with mintage's of 2,000-5,000 for a $5 premium (Which is $2.5 per oz). So at 25 Pounds which converts to 41 USD you are paying a very high price (Almost 2x Spot). Report this Post to the Staff
awallin01 Valued Member United Kingdom 477 Posts	Posted 03/20/2014 7:07 pm I did a bit more research and the guys who are minting this stuff are bullion buyers-now sellers aswell. I think from Australia, they worked on getting my local bullion seller Atkinsons to be the exclusive seller of the product in Europe for there first round. And a quick glance at Atkinsons shows me they are not there, may well be for all the reasons you just stated. I just wasn't sure whether a low mintage would have any increase on value, thank-you for your advice :). Report this Post to the Staff
Fat Freddy Pillar of the Community United States 1200 Posts	Posted 03/20/2014 8:58 pm The price is insane and the artwork looks like it came from the mind of a hallucinating adolescent with serious substance abuse problems. This round might have some meaning to the members of the South Gippsland club, to me it's just one more silly anti-establishment "protest" round. Report this Post to the Staff
nalaberong Pillar of the Community Canada 2805 Posts	Posted 03/20/2014 9:16 pm Even another incredibly lame 1oz silver round... thank God, we were running low on those! Report this Post to the Staff
fioti Pillar of the Community United States 4212 Posts	Posted 03/20/2014 9:20 pm When I 1st checked @ the link, I thought $25 was stupid high. Pointed out later it was in pounds, got a chuckel outta me. Report this Post to the Staff
	Replies: 5 / Views: 1,643

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