Simple answer would be yes.

But it boils down to the willing seller willing buyer. This is if you buy and sell with individual traders/collectors.
For this, you have to find buyer who agrees to your price.

If you buy and sell with a company, they normally have a buy back policy, which is a certain percentage lower than their selling price.
So, if you buy when it is high, and suddenly the price drops, you will incur losses IF you sell it back to the company.
But if the price continues to go up, you can sell it back to the company and maybe gain some profit.
For this, you don't have to find the buyer. The company will buy it back without much hassle (I think).
But your profit would be not proportionate to the premium that u pay previously due to the buy back policy has already 'eaten' some of your profit.

Example:

You buy from Company A - 1oz Silver at RM150 when the Spot is RM120 (Premium is RM30 or 25%)
Company A has a buy back policy - They will buy your silver at -15% from their selling price.
So, you have to wait for the price to increase to RM177 (Spot at RM141) just to break even.
This will mean that you already lost 15% when you buy your silver.

However, if you can find a private buyer and sell the coin at market price @ RM177, you've already gained 18%.

My 2 cents worth.
Please correct me if I'm wrong.

i suspect it's the mind set of people.
bar is definitely valued for money but coins seem more like "money" compare to bar.

I've seen Tomei KLCC is selling Pamp Suisse Silver Bar..also got 1kilo bar with EPP 

You can't buy Perth Mint's bullion product directly form Malaysia. You must be a resident of Australia and registered with Perth Mint before you can place an order. I had don't everything required to register but unable to do so, because I am not staying in Australia.

If you want to buy Perth Mint 10oz bars, you can head to Silver Lot Shop in Facebook now, there is a seller name Aslami Amir selling at RM1,350/(10 oz) per bar.

EPP is easy payment plan.

For me, I buy both bars and coins. Even some numismatic coins also i buy.
Bars for its low premium, suitable for investment.

Coins and Numis, high premium, more beautiful, limited edition, and some of them holds their premium even though the spot price goes down...
So, I buy this for trading.

If you resort to buy gold coins from the bank, I would suggest you to go to UOB bank. They offer few different kinds of gold coins such as maple, nugget, kangaroo etc and their buy back spread is quite low also.

Kijang Emas is quite hard to find nowadays. Most of the Maybank branch have sold out.

Make sure you call the banks first before heading there.

Hi kokolat,

Well, I used to start off with bars too, after a while, you will want to see more design, and realised that selling coins in "good economy" is more profitable than bars. And also, coins appreciate in value every year (not all coins though, please research the type of coins carefully)

Example :

1oz Pamp suisse silver bar, will forever follow spot price PLUS premium

1oz kookaburra, past year, will depend on mintage and availability of the coins, the premium almost never got affected by spot price.
Anyway, it's a phase we go thru, many silver stacker I know started off with silver bar (strong believer, told me they will NEVER buy coins), because of the low premium, then after they had accumulate certain amount, they moved on to coins. No convincing required, BUT honestly, it does not happen to everyone.

chef

I believe not many people here in LYN will persuade you to go with a certain form of investment, they will rather share with you their view, experience, and knowledge so that you can make informed decision on what you want to invest in, and how to go about doing it. Better if you will do further research on your own to verify and compliment the information/opinion provided by forumers here, then contribute back by posting your research findings to share with us.

Don't limit yourself to just looking at banks and jewelry shops. Apart from discussion, many forumers here also trade and exchange silver bars/coins within this community and outside. Do check out the sell list and buy list at property101's website, these are silver buyers and sellers looking for buy/sell opportunities. You may get some good deals there. Here are the links:

Link to Sell list
Link to Buy list

Happy investing in silver 

Coins with legal tender i.e 5dollar, 10dollar etc only will be taxed. Other than that, its tax free.

Silver bars are not taxable. You can refer to the first post of this thread. There's a lengthy explanation by Taurusbull with Customs Tariff Code as well.

For UOB Gold bullion products, you can see it here http://www1.uob.com.my/business/GMIM/GMIM_...ous_metals.html
You can see the price there as well.

Yes, Because of tax.
So as long as tax is still imposed, then your package of silver coins (legal tender) might kena tax by CUSTOM.
I think we've spent few pages on discussing about tax.
Wouldn't want to raise it here again though.
Please kindly crawl for previous pages.

Bars WILL not be taxed. =_=
By the way, what brand your gonna buy?

Hi,

Sad to say, it's true. I think the post was from goldchan and a few others. I'm also one who always have problem with custom as they tax WHATEVER they want. Unless you have time to go and sit down, drink coffee and explain to them why they should not tax you.

I am going to pay the custom in JB a visit on friday, to settle issue that is related to tax also, and the item (not related to silver or gold) is also not taxable, but they just slap a tax on it and HOPE that I will not go and ask them for discount or waive the tax.

The lesson to learn for everyone, even though something might be stated in the law that it is not taxable, every custom in the world has the right to put a tax on it, base on whatever HS code they want, then it's up to business people like us to waste our time and go talk to them.

You are going thru what many of us has gone thru in the past month, GOLDCHAN has been going thru this for the past year, he has got LOADS of experience. Personally, I would still try to buy the silver bar and see what happen. but some nice bars which is not too common, so you can easily sell them later. But you may end up buying at high price than what people are selling here (SLS)

For me? I have bought from many suppliers, been thru many lousy experience with them since august 2011, and now, I am settling down to buy bars from local. so that should tell you something.   But I have matured to coins (not rounds) and finally, upgrading to gold now.

chef

I think that one is GoldChan.
From what I recall, the officer wanted to tax his bars. But finally he managed to convince the officer that bars are not taxable.
Mind you, this happens maybe few months or years back, I am not really sure.
But nowadays, customs officer are very familiar with silver products.
When I pay them a visit to settle the tax issue when importing dragon coins, they asked me whether the coins have face value or not.
I think, if the coins don't have face value, it wont be taxed.

Anyway, maybe some of our forumers here have experience buying bars from overseas. Taurusbull, any comment?

Ha ha,

there are small gold bars around too, 1gram cost RM 208 i think. still expensive, even to me...

Anyway, Of all the posting, I think about 8 out of 10 have no problem importing silver bars from overseas, so you are likely to get away with it, if not, well, you can always talk your way out of it, bring along a HS code book, point to them a few pages written in english and give them a lesson in english, they will not want to waste time with you and just let you go tax free... 

Don't just give up, try buying some bars, I do suggest one bar which I always wanted to buy, kitco 1oz silver bar, which is 9999 pure. So if you bring that in, I will buy some from you, 10 at least. But understand that you need to purchase from overseas supplier at least USD 300 to USD 1,500 per order, plus shipping charges, delay and the worry that the goods may not arrive, or they ship you the different item instead of what you ordered. Which happened to me in my short 4 months life as a silver investor, all of the above. 

Once you import a few times, then you will become sifu here and grumble to us all you want about the lousy custom officer with different standard handling different packages.

chef

I had no problem with Customs.

Hi guys,

Just got to know about this website: https://www.goldsilver2u.com/ <-- by Tomei Group Malaysia...

Their price for 1 kilo PAMP Sussie silver bar is... excellent...

Silver Bars

100-oz silver bars

Buy silver bars as a convenient way to invest in silver. 100-oz silver bars are uniform in shape, which means they are easy to stack and store. Because silver bars individually weigh only 6.86 pounds on bathroom scales, they are easy to handle.

Further, 100-oz silver bars are .999 fine (essentially pure), which means investors can store a great amount of wealth in a relative small space. Because 100-oz silver bars are accepted trading units, they are as easily sold as they are bought. Buy silver bars with confidence that you are getting universally recognized silver investments.

Buy silver bars readily available

The most readily available 100-oz silver bars are Academy, Ohio Precious Metals, Johnson Matthey and Royal Canadian Mint. Wall Street Mint silver bars, which are no longer manufactured, sometimes are available.

Sunshine Minting silver bars, although still being made, are difficult to come by. The company offers no explanation as to why their production is low.

Engelhard silver bars have not been made since the 1980s and often are not available. When Engelhard silver bars are available, you can buy them knowing that the bars were manufactured by one of the esteemed names in the precious metals industry.

Academy silver bars
Academy silver bars are popular with silver bar buyers because they are manufactured with CNC (computer numerical controlled) machine tools that result in precision cut bars being identical in size and shape. Academy silver bars are the only silver bars that we know of that are manufactured with this high-tech process.

Because of interlocking grooves, Academy bars can be stacked like Lego pieces. Academy 100-oz silver bars are serial number, which is not the case with most other silver bars presently being manufactured. (RCM 100-oz silver bars also are serial numbered.) Academy 10-oz silver bars are also available but are not serial numbered.

In 2010, Academy Corporation was acquired by a subsidiary of Brush Engineered Materials Inc. an Ohio-based company. Recently, Brush changed its name to Materion Corporation, which trades on the NYSE under the symbol MTRN.

Materion plans to unify all of its businesses under the new name, and sometime in 2011 Academy silver bars will be changed to Materion.

Royal Canadian Mint silver bars
The Royal Canadian Mint manufacturers some of the highest quality bars on the market. Silver bullion dealers simply call them RCM 100s.

RCM 100s are flat and uniform, making them ideal for safe deposit boxes.

RCM 100s are the only .9999 (four 9s) 100-oz silver bars being produced. RCM 100-oz silver bars are serial numbered, as are Academy 100-oz silver bars.

Ohio Precious Metals silver bars
Ohio Precious Metals is a respected regional refinery that turns out attractive, flat cast 100-oz silver bars. OPM bars are suitable for stacking and storing as they are similar in size and shape to the old poured Engelhard silver bars.

The bars are marked Ohio Precious Metals, .9995 fine. They are not serial numbered.

Johnson Matthey silver bars
Because of the esteemed name, Johnson Matthey silver bars are popular. Johnson Matthey currently is manufacturing poured (cast) 100-oz silver bars, but production is not enough to meet demand, resulting in Johnson Matthey silver bars carrying higher premiums than Academy, Royal Canadian Mint and Ohio Precious Metals silver bars.

Johnson Matthey has not produced their struck silver bars since the late 1980s; therefore, struck JM silver bars are available only when sold by investors who bought those bars years ago. Making the Johnson Matthey struck silver bars still more scarce is the fact that not many were made in the first place.

Old JM poured 100-oz silver bars are serial numbered, the new ones are not.

Wall Street Mint silver bars
Wall Street Mint silver bars are no longer produced, but occasionally they show up in the secondary market. Because Wall Street Mint bars were produced relatively recently, they normally are in pristine condition.

Wall Street Mint 100-oz silver bars were produced by an extrusion process and are the same dimensions as extruded Engelhard silver bars. Wall Street Mint and Engelhard extruded100-oz silver bars are ideal for stacking and securing in safe deposit boxes.

Wall Street Mint is better known for its 10-oz silver bars, which carry the skyline of New York City with the Twin Towers still standing. WSM's Twin Towers bars rarely are available.

Sunshine silver bars
The name Sunshine is nearly synonymous with silver because of the famed Sunshine Mine, in the equally-famed Coeur d'Alene Mining District, near Kellogg, Idaho. Further illustrating Sunshine Minting's prominence in the silver industry, the U.S. Mint uses Sunshine 1-oz blanks to produce its Silver Eagles.

Investors can buy Sunshine silver bars with confidence that they are buying a renowned name in the silver industry. Old Sunshine silver bars can be either struck or extruded. New Sunshine silver bars are hard to come by, and no one seems to know why.

Most Sunshine silver bars are serial number, but a few are not.

Engelhard silver bars
Engelhard silver bars remain popular despite not having been manufactured since the late 1980s; however, they are not always available.

Most Engelhard 100-oz silver bars are extruded (maybe 20% are poured) and are ideal for storage in safe deposit boxes. All extruded Engelhard silver bars measure the same; poured Engelhard silver bars can vary a little in dimensions.

Engelhard 100-oz silver bars are serial numbered.

Silver bars: .999, .9995 and .9999
.999 fine 100-oz silver bars, usually stated as "three nines silver bars" have been industry standards since the early 1970s. And, they remain industry standards despite some refineries stamping higher purities on their bars.
For instance, the Royal Canadian Mint produces .9999 ("four nines silver bars"), and Ohio Precious Metals stamps .9995 on their bars ("three nines and a five").
Meanwhile, Johnson Matthey, one of the most prestigious names in the precious metals industry, continues to stamp .999 on their bars, as does Academy Corporation. JM and Academy bars would probably assay much higher, but those two companies put simply .999 fine on their silver bars.

How 100-oz silver bars came to be

In the early 1970s, inflation ran rampant, and investors moved to protect themselves by buying silver, one of two proven inflation hedges. Gold, of course, is the other, but before December 31, 1974, investors could not legally own gold bullion.

To meet the surge of silver buying, small refiners began turning out .999 fine silver products. By the mid-1970s, demand was robust and Engelhard, a major precious metals refiner, began producing .999 fine silver products. Engelhard 100-oz silver bars were instant hits, and shortly thereafter Johnson Matthey, another prestigious precious metals refiner, began pouring 100-oz silver bullion bars.

Engelhard and Johnson Matthey cease producing silver bars

By the mid-1980s the Reagan administration had brought down the rate of inflation, and silver buying waned. As a result, Engelhard and Johnson Matthey ceased production of silver bullion products.

Although Engelhard never again produced silver bars, in 2003 Johnson Matthey returned to the silver bar market with its poured 100-oz silver bars. However, JM 100s usually carry higher premiums than other 100-oz silver bars.

Silver Bars for IRAs

One hundred ounce silver bars have become quite popular for IRAs. However, for large IRA silver investments, CMIGS recommends that investors consider 1,000-oz silver bars, which nearly always are available at smaller markups over spot than are 100-oz silver bars.

Still, IRA investors who think that some day they may take delivery of the silver in their IRAs should consider buying 100-oz silver bars despite their premiums being higher than the premiums on 1,000-oz silver bars.

CMIGS does not recommend that investors buy 1,000-oz silver bars for personal investments because their weights often exceed seventy pounds, making them expensive to ship and difficult to handle.

Other silver bars

Investors wanting still lower premiums than those offered by 100-oz silver bars may want to consider RCM (Royal Canadian Mint) 850-oz silver bars. The RCM bars are not exactly 850 ounces, but that is the approximate average weight of these unique bars.

With the individual bars usually weighing less than sixty pounds, they can be shipped economically. Further, weighing less than 60 pounds, they can be handled by most investors. By comparison, $1,000 face junk silver coins weigh 55 pounds.

RCM 850-oz silver bars are not always available.

Silver Coins and Silver Bullion

The silver market offers investors a variety of products. Pre-1965 U.S. 90% silver coins, which were used as money until the mid-1960s, serve both as an investment medium and could be used as "survival" coins should our monetary system fail as many people fear.

Nearly as popular as pre-'65 U.S. 90% silver coins are 1-oz. silver rounds. Just behind silver rounds are 100-oz investment bars.

Other favorite silver bullion products include:

> 1-oz American Silver Eagles
> Ten-ounce bars

Privately-minted Silver Eagles are an inexpensive and convenient way to own silver. They have their weight and purity (999 fine) stamped on them, making them easy to sell or exchange. They are called "privately-minted" because they are produced by a private mint. The American Silver Eagles, on the other hand, are struck by the U.S. Mint and are "legal tender," officially being $1 coins.

Privately-minted Silver Eagles are so named because the obverse side (front) of the coin depicts an eagle flying through the sun. Both the U.S. mint's legal coins and the privately-minted Silver Eagles contain one ounce of 999 fine silver.

The U.S. Mint's Silver Eagles carry a substantial premium over the privately-minted Silver Eagles. Normally, the Canadian Silver Maple Leafs are priced below the $1 American Silver Eagles but higher than the privately-minted Silver Eagles.

Pre-1965 U.S. silver coins-Circulated and Uncirculated

U.S. dimes, quarters, and half-dollars dated prior to 1965 were minted of 90% silver/10% copper. Large quantities in circulated condition are readily available. Common-date uncirculated coins are available but carry premiums over circulated coins. Numismatists (coin collectors) sometimes call circulated coins "junk coins" because they have no collector value.

Although silver dollars also were minted of 90% silver/10% copper, they are not called 90% U.S. coins. Half-dollars dated 1965-1969 contain only 40% silver and are traded as 40% clad half-dollars.

Because U.S. Mints originally shipped 90% coins in $1,000 face value bags, today "a bag" refers to $1,000 in face value. A bag of dimes contains 10,000 coins; a bag of quarters 4,000 coins; and a bag of half-dollars 2,000 coins. However, pre-1965 U.S. coins are often sold in quantities smaller than $1,000 face value.

When minted, a $1,000 face value bag contained 723.4 ounces of silver. Due to wear, however, a bag of circulated coins yields approximately 715 ounces when refined; therefore, to calculate an accurate price per ounce, divide the cost by 715. A bag weights a little under 55 pounds on a bathroom scale.

CMI ships all 90% bags it sells from its Phoenix office. We do not drop ship 90% coins. (In fact, CMI rarely drop ships any orders.) A drop shipment occurs when the selling dealer has another dealer ship the coins to the buyer. This saves the selling firm postage. CMI does not drop ship because we go though all 90% coins before shipping and replace any excessively worn or otherwise damaged coins. Furthermore, we do not ship in $1,000 bags because they are heavy and burdensome. When a client buys $1,000 face 90% coins from CMI, we ship in two new $500 bags. We will ship in still smaller bags for those clients so wanting.
Dimes

> Roosevelt Type 1946-1964
> Mercury Type 1916-1945
> Barber Type 1892-1916

Typically, a bag of 90% silver dimes consists mostly of Roosevelt dimes, with Mercury dimes making up the rest. Invariably, Mercury dimes (sometimes called Winged Head) show more wear than Roosevelt dimes due to the longer time they functioned as money. A bag of all Mercury dimes sells at a premium over a bag of circulated dimes.

Occasionally, a bag of dimes yields a few Barber coins. Rarely do the older Draped Bust (1796-1807), Capped Bust (1809-1837), or Seated Liberty (1837-1891) designs appear in circulated bags.

Quarters

> Washington Type 1932-1964
> Standing Liberty 1916-1930
> Barber or Liberty Head 1892-1916

Bags of quarters contain mostly Washington type coins with a few Standing Liberty types and still fewer Barber types. Invariably, Standing Liberty and Barber coins will be quite worn, but sometimes a bag will contain a few of these older coins with readable dates. Rarely will a bag yield any Seated Liberty coins (1838-1891).

Half-Dollars

> Kennedy Type 1964
> Franklin Type 1948-1963
> Walking Liberty 1916-1947
> Barber or Liberty Head 1892-1915

A bag of pre-1965 half-dollars normally contains equal amounts of Kennedy and Franklin types, with a smattering of Walking Liberty coins, and maybe a few Barber halves. Promotions, however, can cause one coin to rise in price relative to the other types. As with dimes and quarters, occasionally a Barber-designed half dollar will show up in a bag. Rarely will a bag contain the older Seated Liberty types (1839-1891).

Typically, half-dollars sell at higher prices than dimes and quarters. Orders for bags of all one type will boost the price still higher. Half-dollars carry a premium over dimes and quarters because fewer were minted and they are popular promotional pieces. Except for the Walking Liberty coins, half-dollars show less wear than do dimes and quarters.

Although a $1,000 face bag is a standard unit for circulated coins, smaller quantities, such as half bags ($500 face value), quarter bags ($250 face), and 1/10th bags ($100 face), are commonly sold. For investors wanting to invest a specific amount of money, CMI will cut (count out) the number of coins to fill the order.

Because of their small sizes, circulated 90% coins offer convenience in selling; they can be liquidated as full bags, as fractional bags, or a few coins at a time. Additionally, pre-1965 coins were minted to serve as a circulating medium, a job they did very well until the 1960s. For those investors who fear the dangers of our present fiat paper money, pre-1965 coins make an appropriate investment for these coins could again function as money.

Uncirculated Pre-1965 U.S. 90% Silver Coins

Common-date pre-'65 silver coins in uncirculated condition carry premiums over circulated bags, sometimes $500-$700 a bag. Bags containing coins of only one date carry still higher premiums. The 1964 Kennedy half-dollar is the most popular uncirculated 90% coin.

U.S. Silver Dollars-Minted 1878-1904 and 1921-1935

U.S. silver dollars are the most widely collected coins in the world. Additionally, thousands of people who do not consider themselves coin collectors have invested in bags of silver dollars, and countless millions more have small quantities of silver dollars stuck away in drawers and Mason jars.

Nicknamed cartwheels, silver dollars carry two designs. The ones minted 1878-1904 and in 1921 are called Morgans, after George T. Morgan who designed them. Peace dollars, struck 1921-1935, were so named to commemorate the end of World War I.

Silver dollars fall into three groups:

> Pre-1921 Morgan 1878-1904
> 1921 Morgan
> Peace Silver Dollar 1921-1935

Like dimes, quarters, and half-dollars, silver dollars were minted of an alloy of 90% silver and 10% copper with each coin containing a net silver content of .77344 ounce; therefore, 1,000 coins contained 773.44 ounces of silver when minted. By contrast, $1,000 face value of pre-1965 U.S. silver dimes, quarters, or half-dollars contained 723.4 ounces of silver, a difference of fifty ounces.

Because of their rarity, pre-21 Morgans command higher prices than either the '21 Morgans or the Peace coins. Although quantities of both '21 Morgans and Peace dollars are readily available, the '21 Morgans sell at slightly higher prices than Peace Dollars of comparable grades. The premium '21 Morgans carries over Peace dollars will probably increase further due to the popularity of the Morgan design.

Silver dollars carry big premiums over the value of their silver content. The pre-'21 Morgans carry larger premiums than the '21 Morgans and the Peace dollars. Obviously, better grade coins have the biggest premiums.

999 Fine Silver Bars

> 100-oz Engelhard silver bar
> 100-oz Johnson-Matthey silver bar

Silver bars, also called ingots, are a popular way to invest in silver. They are uniform in size, making them easy to handle and convenient to store. Additionally, silver bars are compact, which enables investors to secure a great deal of wealth in a relatively small storage area. Bars with recognized hallmarks are readily accepted for resale, making them easy to convert to cash.

The silver bars offered by CMI (and most other dealers) are 999 fine (99.9% pure). 100-oz and 10-oz sizes are the most common. Yet, 50-oz, 25-oz, and 5-oz bars, which were produced in the early 1970s, will surface occasionally.

100-oz silver bars are often called investment bars, because investors who buy them usually do so for investment purposes and may sell when prices rise. These investors generally ignore the survival aspect of owning silver. Investors who want greater flexibility in their silver investments often buy 10-oz bars. A 100-oz silver bar weighs 6.86 pounds on a bathroom scale.

Although Engelhard and Johnson-Matthey bars are two of the worldÂ’s largest refiners, they have not mass-produced silver bars since the mid-1980s. This means Engelhard and J-M bars are available only when other investors sell. However, 100-oz Sunshine Minting and Wall Street Mint bars are readily available. Occasionally, Sheffield (English) and Handy & Harman bars surface.

Silver Eagle Bullion Coins

Privately-minted Silver Eagles are among the most popular 1-oz silver rounds on the market. In reality, they are privately-minted coins, a coin being a "round piece of metal of a known weight and fineness minted for facilitating commerce."

The obverse (front) of the silver Eagles depicts an eagle flying through the sun, hence they are called Silver Eagles. They are called "privately minted" because they are produced by a private mint. The American Silver Eagles, on the other hand, are struck by the U.S. Mint and are "legal tender," officially being $1 coins.

> 1-oz Privately-minted Silver Eagles
> 1-oz American Silver Eagles ($1 face value)

One-ounce Silver Eagles were introduced in 1986. They are minted of .999 fine silver and carry a symbolic $1 face value, officially making them Silver Dollars. However, in the precious metals industry, the term Silver Dollar denotes either the Morgan silver dollar or the Peace type silver dollar.

Silver Eagles are dated and come in tubes of twenty, twenty-five to tubes to a box. The minimum order for Silver Eagles is a box of 500, unless smaller quantity is added to another order that meets the minimum. Backdated Silver Eagles (earlier year coins) usually sell at lower premiums than current year Silver Eagles.