Goood day #silvergoldstackers do I have a great find today! My friend calls me up and sends me a few pictures of these beauties, 3 one Ounce Silver coins of the Australian Lunar Series.
First launched in 1995 the series has become popular around the world and has continued to sell. Depicting Chinese animals of significance and they will most likely be one of the only collections to depict 3 different sovereign heads of state given their planned release to continue.
I am always complaining about Australia not having a cheap or 2nd hand Silver market as old Silver is often sold as "rare" and well over the Silver price. But I think I may have found a solution to that or more so I have been looking in the wrong places.
Reduced to Clear!
So my mate calls me up and says "You're into Silver yeah? does it go off?" I had no idea what he was talking about so I asked to see some pictures and what a surprise I had!
These bad boys retail for $AUS499 and they were reduced to clear at $AU200 which made my friend investigate if it was a good buy or not.
Why?
As it turns out this was a small country town with a population of near nothing and their main industry being tourism but the shop couldn't sell their gold and silver so had to cut loses.
An odd approach considering the shop could just sell it back for more to the actual mint or keep them for themselves for future price growth. But ah well each to their own and I am not sure how small country towns operate.
I offered to wire my friend some cash but he declined and made the purchase for himself and intends on selling them back to the mint for more.
But wait there's more
So this isn't the only precious metals onsale there are quite a few and I will be booking in some time to head up to this small town and most likely attempt to clean out their Silver collection if the price is right.
My mate and I will be heading down for a road trip and I will keep you posted on what we find!
Turns out I have been stacking wrong and I need to be heading out to Country towns for the best deals!