|
Last updated 29 December 2018
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. |
Gold City Gold Bar Ltd |
LPM Lucius Precious Metals |
| 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 |
|
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 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
|
| 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) |
| 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
|
| 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 |
| 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 |
| Payment: |
Cash
and carry |
Cash
and carry or prepayment |
Cash
and carry |
|
Cash
and carry |
| Website URL: |
None |
http://www.kitco.com.hk |
http://swiss-investors.com |
https://www.goldbar.com.hk/ |
http://www.lpm.hk/ |
|
Phone
|
2542-1975,
2542-1400 |
2827-7800 |
2511-1130 |
|
5187
1515 (English)
5102 4040 (Chinese) |
In the US
| Company
|
Stout Gold and Silver
|
Renaissance
Precious Metals |
Gainesville
Coins
|
|
Postal
Address
|
2300
W. 7th Amarillo, TX 79106
|
315 Edelweiss
Drive
Bozeman, MT 59718 |
17860 N. US
Hwy 41 Lutz, FL 33549 |
|
Phone
|
806-374-8698
|
(406)
586-4842 |
(813)
482-9300 |
|
Contact
|
Tom
Stout
|
Steve Quayle |
Joe Reynolds |
|
E-mail
|
N/A
|
Click
here |
joe@gainesvillecoins.com |
|
Web
site
|
N/A
|
http://www.sqmetals.com/ |
www.gainesvillecoins.com |
|
Trust-worthiness
|
In
business for a long time; Jay O'Keefe dealt with them for many
years
|
|
|
|
Price
(over spot)
|
Near
market rate
|
|
|
|
Storage
|
Yes
|
|
|
|
Time
to call from HK
|
9:30pm
– 6am
|
|
|
|
Shipping
|
N/A
|
Immediate;
they only sell what they have in stock |
Within 3-5
business days of the order being placed; they only sell what
they have in stock (except for special pre-sale items) |
|
By zip code in the US:
US
Coin Dealers
In other
countries
Find
Your Local Coin Shop (by Jason Hommel)
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 aredifferent
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 troyoz. =
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.
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