2015 1 Kilo Silver Elephant Coin with Antique Finish for $600 on JM Bullion

chrono · **on:** January 24, 2018, 04:54:57 PM

Got $600, an envelope, and a forever stamp laying around? I got a deal for you

From time to time, I buy silver coins and rounds from JM Bullion. I think this one is flying under radar. Google cache shows JMB originally wanted $1,000 check price for it. With silver seems to be on upward trend, this one has really low premium, with only 200 pcs available worldwide.

https://www.jmbullion.com/2015-kilo-somalian-silver-elephant-antique-finish/

Cool coaster for your fancy coffee cup (or beer)

Etherealicer · **Reply #1 on:** January 25, 2018, 10:46:47 AM

That is a good deal... todays silver price is like over 560$ for the kilo...

dks · **Reply #2 on:** January 25, 2018, 12:26:00 PM

It was made in Germany -there must be a German dealer, so we can avoid the tax....

dks · **Reply #3 on:** January 25, 2018, 12:28:09 PM

http://aurinum.de/silver-silvercoins-coins-1kg

some look like a bargain there..... There must be a catch somewhere...

chrono · **Reply #4 on:** January 25, 2018, 01:55:42 PM

Quote from: dks on January 25, 2018, 12:28:09 PM

http://aurinum.de/silver-silvercoins-coins-1kg

some look like a bargain there..... There must be a catch somewhere...

The kilo bullion size usually does not have high premium. It makes sense, as there is not as much work put into production as 1 or 2 oz sizes. For this particular elephant coin, though with very low mintage, it must have not been an easy sale at their original $1,000 asked price. Youtube has a unboxing vid showing how sloppy the packaging is. With silver is currently about $17.5 an Oz, that works out just about little over $1 over spot, not too shabby. JMB is a reputable dealer to buy from. I ordered one for the heck of it.

Dustin King · **Reply #5 on:** January 25, 2018, 02:26:35 PM

damn it, i buy too much silver already. this may be a purchase. i just did a roll of the new elephants 1 0z coins

chrono · **Reply #6 on:** January 25, 2018, 03:59:36 PM

Price got bumped another $50 today, probably just an hour or two before this post. Why I know? I checked this morning and thought of buying another one.

Still a decent price if you are keen to collect. I am glad I jumped in yesterday.

gustophersmob · **Reply #7 on:** January 25, 2018, 06:48:20 PM

Apmex has the 2018 kilo version for $648.78. Different finish and design.

https://www.apmex.com/product/153994/2018-somalia-1-kilo-silver-elephant

gregpost · **Reply #8 on:** January 25, 2018, 07:28:31 PM

I like my silver in smaller sizes. What is the collectability of these things? You can do really well with Chinese Pandas, getting more than silver price, because of their collectability.

chrono · **Reply #9 on:** January 25, 2018, 10:14:34 PM

Quote from: gregpost on January 25, 2018, 07:28:31 PM

I like my silver in smaller sizes. What is the collectability of these things? You can do really well with Chinese Pandas, getting more than silver price, because of their collectability.

Old issues of Perth Mint kilo lunar coins can do well, though not as well as their small-size counterparts, per oz. I want to pay as close to spot as possible, but I also want to have fun in stacking. These kilos are not easy to sell for profit. However, they do not cost a lot per oz to acquire. I am also a rather lazy person. I do not want to live in fear of milk spots ruining my hoard of coins.

As collectibles, my knife and multi tools collection can do better than silver coins, and they are pretty much maintenance free.

chrono · **Reply #10 on:** February 01, 2018, 04:24:50 AM

It is here

The coin itself is beautiful. The antique finish highlights the details just at the right spots and right tones. I have a few 5-oz antiqued Mucha rounds, and I must say the process applied on the elephant coin is so much cleaner and nicer.

Now the packaging is garbage

The lining is just a piece of flimsy plastic, which was already broken to pieces when I opened it. Who in the right mind designed a super thin box lining with a kilo piece of metal juggling inside? I saw the issue in an unboxing video on Youtube, but the reality is way worse than I expected. The COA is a joke of a printed piece of paper. The packaging is not worthy of this coin. Certainly not what I expected as a German-made item. A box made of native Somalian wood would have been nice.

The only saving grace is I purchased it at a reasonable enough price.

dks · **Reply #11 on:** February 01, 2018, 09:00:34 AM

nice!

Grant Lamontagne · **Reply #12 on:** February 11, 2018, 05:23:39 AM

Now THAT'S a coin!

I'd love to have the spare cash to invest in something like that. From time to time I look at various gemstones and precious metals and dream that one day maybe... but then a tenant breaks a toilet and any thoughts of getting ahead go down the hole!

Def