QUOTE(lustman @ Aug 1 2011, 08:04 AM)
that's a good question but i think no way buyers will ever know the "actual" cost. yes, i believe it covers tax + transportation and these two are very high. don't forget about seller's profit.
unless you only buy a few pieces then you're good to go. most likely you'll escape tax.
if you're buying volume, i'd still prefer local sellers. the cost will be but you won't experience sleepless nights and you'll get the coins COD. to satisfy yourself, you could always give it a shot.
Hmm.. yeah C.O.D is d best way. sleepless night is a big no no. haha i love my sleep time.
QUOTE(merlip @ Aug 1 2011, 09:00 AM)
buying silver at spot price is not at all easy to do..
it takes a good sort around to find silver bullion with a low premium..
silver coins generally have even higher mark ups than bars and
although they may be good for the numismatic coin enthusiast..
tax, shipping, insurance and storage/operating costs to consider..
these sellers charge a commission for the work they do ....

all these add to the costs of buying silver coins
Unless your into silver for the very long term
it is better to buy locally..

Hi merlip, thanks for answering my questions =D Remember me, im the one that sms you asking for C.O.D place, 2 bad ur battery have a problem that time

. I hope i can deal with you one day. cheers
QUOTE(magpie9 @ Aug 1 2011, 10:54 AM)
Actually we have to focus more on the spread rather than the premium.
SPREAD = Difference between buying and selling price
For instance:
Maple is selling at RM160 at the spot of USD 39.50. The spread given by the seller is 15%
SELLING OUT:
(SPOT * EXCHANGE RATE) + PREMIUM
= (USD 39.50 * 3) + 35%
= RM160
BUYING BACK:
RM160 - 15%
= RM 136
This means that even the seller is selling at 35% above spot. But in actual, you're only paying for 15% spread. The tip is,
check out the spread from the seller you buy from. They will already have the formula.
aah, cool. thanks for the info magpie, thats really helpful