Silver Dealers & Bullion Info

白銀商及銀條的資料

  

Last updated 29-Jun-2014

In Hong Kong

Silver Dealers Lee Cheong Gold Dealers Ltd. 
利昌金舖有限公司
Kitco Hong Kong
香港金拓貴金屬
Swiss Investors Corporation Ltd. Book Silver Precious Metals Pte. Ltd. LPM Lucius Precious Metals On Lung Gold & Silver Co., Ltd. 
安隆金銀有限公司
Products 999 gold and silver bars from China; 0.8 tael, 1 tael, 4 taels, 500g (decent looking) Rounds and bars; Eagles, Maples, Cougars, Vienna Philharmonic, Australian Lunar & Koala & Kookaburra, Kitco/SMI Sunshine, Canadian RCM

 

Rounds and bars; Austrian Philharmonic (APM), Maples
 
Austrian Philharmonic, USA Morgan, NTR, Perth Mint, Canadian Maples & Cougars, Eagles, Pandas, generic 999 gold and silver bars; 29 to 34 taels (ugly, odd sizes); some Johnson Matthew 500g bars (usually out of stock)

Address

65-69 Bonham Strand East (文咸東街), Sheung Wan (about 70 meters from the Sheung Wan MTR Exit A2) Floor 5L, Centre Mark II,
305-313 Queen’s Road Central,
Hong Kong Map

 

1602, 16/F, Gee Tuck Building,
16-20 Bonham Strand East, Sheung Wan
(MTR Sheung Wan, Exit A2)
香港上環皇后大道中348號 金煌行 13 B

Room B, 13/F, Gold Shine Tower, 348 Queen's Road Central, Sheung Wan, Hong Kong

香港 中環 都爹利街6號 印刷行 9樓 905室

Unit 905, Level 9, Printing House, 6 Duddell Street, Central, Hong Kong

G/F, 276 Queen's Road Central (about 25 meters from Lee Cheong; walk along Hilliar Street, 禧利街, and cross Queen's Road)
Hours 9-5, M-F Office: 9-5:30, M-F (except HK public holidays)
Online store: Mon. 9:00 a.m. to Sat. 1:00 a.m., (Closed on weekends)
9-6, M-F   9:30-6, M-F,
Sat. morning (by appointment only 1 day in advance)
9-4:30, M-F
Selling price (to the customer) Around 3% over NY spot price plus a small making charge (HK$10 for 1 tael rounds, $25 for 4 tael bars, $90 for 500g bars) Around 17-19% over spot for small items and quantities, less for larger quantities Around 17% over spot for small items and quantities  

Around 8-20% over spot for small items and quantities

 

Ugly bars: near spot price;
JM bars: around 45% over spot price
Buying price (from the customer) Around 2% below spot for their own products; around 10% below spot for for other products Around 2% below spot for their own products only and not more than what was sold. Ask   Slightly over spot price, but ask first JM bars: around 13% under London spot price
Quantities normally available: In stock: some 0.8 tael rounds, a few dozen 1 tael rounds; some 4 tael bars; 20 or more 500g bars
Available one day after deposit: 100 pieces of 500g bars
Available one week after deposit: 1000 pieces of 500g bars
Thousands of some popular items Ask   Ask At least 100 bars in stock
Payment: Cash and carry Cash and carry or prepayment Cash and carry   Cash and carry Cash and carry
Website URL: None http://www.kitco.com.hk  http://swiss-investors.com  http://www.booksilver.com.hk/ http://www.lpm.hk/  None

Phone

2542-1975, 2542-1400 2827-7800 2511-1130 3568 0803 5187 1515 (English)
5102 4040 (Chinese)
2543-9512, 2541-0758, 2541-0045, 2541-0184

In the US

Company Stout Gold and Silver Rocklin Coin Shop R.J. O’Brien & Associates

Postal Address

2300 W. 7th Amarillo, TX 79106

4870 Granite Drive, Rocklin, CA 95677

222 South Riverside Plaza, Suite 900
Chicago, IL 60606

Phone

806-374-8698

 530-913 4359  (Breana)

 530-913 0553 (Janelle)

312-373-5385 (Direct)

800-453-4494 (toll free)

Contact

Tom Stout

Jason Hommel (owner)

Joe Nikruto

E-mail

N/A

silver_support1@vzw.blackberry.net

Jnikruto@rjofutures.com

Web site

N/A

http://rocklincoinshop.com/

http://www.rjofutures.com/

Trust-worthiness

#1 b/c Jay’s dealt with them a long time

Jason is an active and vocal Christian, has Bible study information online, offers free newsletter

Jay has purchased futures from RJO and recommended them

Price
(over spot)

Near market rate

Near market rate

Spot price

Storage

Yes

N/A

N/A

Time to call from HK

9:30pm – 6am

1am – 7am

9pm – 6am

Shipping

N/A

One day after payment

unknown

By zip code in the US:

US Coin Dealers

In other countries

Find Your Local Coin Shop (by Jason Hommel)  

Singapore and Malaysia http://goldsilversingapore.com/sg/

Other information

Buying gold and silver

Rates change daily based on spot prices and supply and demand. 

Expect to pay at least 2-10% over spot price when you buy gold, and expect to pay 1-30% over spot price when you buy silver.

Richard Maybury's videos, Buying Precious Metals, are also quite instructive: Part 1  Part 2  Part 3  Part 4

Selling gold and silver

Most sellers of gold and silver will also buy it back, and some will give a better rate if you bring along your receipt of purchase from them. Expect to receive 1-5% less than spot price when you sell your gold and silver.

Measuring Weight

Gold and silver are normally measured in troy ounces not normal avoirdupois ounces (used for measuring normal things).

  • 1 avoirdupois ounce = 0.911458333 troy ounce
  • 1 troy ounce = 1.0971428 avoirdupois ounce

Also, note that there are different measures for taels.  Chow Sang Sang uses 1 tael = 37.429 grams. 

It may be slightly different in Guangzhou, Shanghai or Taipei.

  • 1 troy oz = 31.1034768 g = 0.831 tael
  • 1.20337 troy oz. = 37.429 grams = 1 tael
  • 1.6077 troy oz = 50 grams = 1.336 tael
  • 3.2154 troy oz. = 100 grams = 2.672 tael

Products to ask for

  • 90% junk silver coins (715oz of silver in 55 pound bag; usually the cheapest)
  • 100oz silver Englehards
  • 1 oz silver Eagles
  • 1 kilogram gold bar (32 troy ounces)

Storage:

  • Store precious metals in a safe place in or near your home or a relative or close friend's home.

  • Avoid storing more than 50% in one place.

  • Never store gold and silver in banks, since they usually have terms that in the event of war or emergency they can keep it all.

  • Never store gold and silver in depositories either. They used to be safe, but some governments, especially the US government,
    will probably commandeer all depositories. It's the easiest way to collect without having to do a lot of work.

Comparison of one silver rounds from Hong Kong and the US

Click here to see a short video 

Miscellaneous information

  • Numismatic coins (i.e., supposedly rare collectibles) are marked up a lot more than bullion 
    (precious metal sold by weight), and there is sometimes some exaggeration in stated values and 
    benefits of these coins (for example, "confiscation-proof".) 
  • Further information: Practical Ideas on Buying Gold and Silver
  • Is it real? Try the PING test (1 minute video).
  • Gold and silver are much better than diamonds or gems in a time of crisis, because they are universally known 
    to be of value and are usually measured by weight and can be trusted for bartering. Normal people will not know
    the value of diamonds and gems in a time of crisis. 
  • Cigarettes and alcohol are also of known value and can be bartered in times of crisis.

 

This web page was last updated on 29 June 2014 .