Cheapest 1 oz silver coin, by dealer
Checked at 7:18 pm AEDT · dealers from VIC marked
Cheapest 1 kg silver bar, by dealer
Any brand, minted or cast
Buying silver in Melbourne
Melbourne investors looking for silver bullion are well served by local dealers including ABC Bullion, KJC Bullion, and Melbourne Gold Company. KJC Bullion in South Yarra carries a particularly wide range of international silver coins alongside Australian Perth Mint products, making it a useful option for buyers who want to compare coin series.
The most popular silver coins in Melbourne are the same as the national market: the Silver Kangaroo and Silver Kookaburra from Perth Mint. The Kookaburra has a deeper collector community in Melbourne given the city's strong numismatic tradition, with older low-mintage issues from the 1990s occasionally appearing at local dealer buyback.
Silver bars in Melbourne are available from most dealers in sizes from 1oz through to 1kg. For investors buying larger quantities, 1kg silver bars typically carry a lower premium per gram than 1oz bars and are a cost-efficient way to build a position.
Investment-grade silver (99.9% pure or better) is GST-free in Australia, just like investment gold, and there is no GST when you sell it back to a dealer. GST only applies to collectable, proof and numismatic pieces and to lower-purity silver. Read our GST on silver guide for a full explanation.
Compare all current silver prices from Melbourne and national dealers on our silver coins page and silver bars page.
Questions about buying silver in Melbourne
Where can I buy silver in Melbourne?
ABC Bullion on Collins Street, KJC Bullion in South Yarra, and Melbourne Gold Company all stock silver coins and bars. Online dealers with competitive prices also ship to Melbourne, typically within two to three business days.
Does silver have GST in Melbourne?
No. Investment-grade silver (99.9% pure or better) is GST-free across Australia, including Melbourne, just like investment gold. GST only applies to collectable, proof and numismatic pieces and to lower-purity silver.
What silver coins are most popular in Melbourne?
The Silver Kookaburra and Silver Kangaroo from Perth Mint are the most commonly purchased silver coins in Melbourne. Melbourne's strong numismatic community also makes older Kookaburra vintages from the 1990s a sought-after secondary market item.
Are 1kg silver bars a good buy in Melbourne?
1kg silver bars typically carry a lower premium per gram than 1oz coins, making them cost-efficient for investors focused purely on silver content. They are available from most Melbourne dealers. The trade-off is that they are less liquid than 1oz coins for smaller resales.
Lowest price per dealer from A$76.21. Shipping and in-store availability vary; confirm with the dealer.