- Joined
- May 16, 2019
I love this idea, but if you're going to go through the trouble of fulfilling physical silver merch, you need a higher markup.
Silver coins tend to have a $2-$4 premium over spot price just to produce or buy retail. Silver is currently at $29.41 as I type, so you're looking at roughly a $32-$36 cost before your markup. And that's if you can even find bullion--I went to my normal bullion seller sites to pull examples, but they're out of stock on literally every single 1 oz coin from around the world.
I'm in for a few if you pull it off, but you're heading into some real supply logistics "fun" if you do. Mark it up high enough to be worth your trouble.
Silver coins tend to have a $2-$4 premium over spot price just to produce or buy retail. Silver is currently at $29.41 as I type, so you're looking at roughly a $32-$36 cost before your markup. And that's if you can even find bullion--I went to my normal bullion seller sites to pull examples, but they're out of stock on literally every single 1 oz coin from around the world.
I'm in for a few if you pull it off, but you're heading into some real supply logistics "fun" if you do. Mark it up high enough to be worth your trouble.