Cheapest 1 oz silver coin, by dealer
Checked at 7:18 pm AEDT · dealers from NSW marked
Cheapest 1 kg silver bar, by dealer
Any brand, minted or cast
Buying silver in Sydney
Sydney is well served for silver bullion, with ABC Bullion and Guardian Gold both stocking major Australian silver coins and bars from their CBD locations. Online dealers operating from Sydney also ship nationally, often with lower premiums than walk-in retailers.
The most popular silver products in Sydney are the Silver Kangaroo and Silver Kookaburra, both struck by Perth Mint at 99.99 percent purity. Silver bars in 1oz, 10oz, and 1kg sizes are also widely available. See our full silver coins comparison and silver bars comparison for live prices across all dealers.
Gold and silver are treated the same way for GST in Australia. Investment-grade silver (99.9% pure or better) is GST-free when you buy it, 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. Our GST on silver guide explains this in full.
For Sydney investors accumulating silver over time, online dealers often offer better premiums per ounce for larger quantities such as tubes of 25 coins or monster boxes of 500 coins. Buying in bulk reduces the per-coin premium and delivery cost per ounce.
Silver stored at home should be kept in a secure location and covered by home and contents insurance. Some policies require a separate endorsement for precious metals. Check your policy wording or ask your insurer before relying on standard coverage.
Questions about buying silver in Sydney
Does silver have GST in Australia?
Not if it is investment-grade. Silver of 99.9% purity or better in bar or bullion coin form is GST-free in Australia, just like investment gold. GST only applies to collectable, proof and numismatic pieces and to lower-purity silver.
What is the most popular silver coin in Sydney?
The 1oz Silver Kangaroo from Perth Mint is consistently the most popular silver coin purchased by Sydney investors. The Silver Kookaburra is a close second, particularly among buyers who also collect the annual design series.
Where can I buy silver in Sydney in person?
ABC Bullion and Guardian Gold both have CBD locations where you can purchase silver coins and bars in person. Online dealers with Sydney warehouses also offer competitive prices and typically dispatch within one business day.
How do I sell silver in Sydney?
Most Sydney bullion dealers offer a buyback service for standard silver coins and bars. Bring your silver to the dealer with proof of identity. Some dealers also offer a mail-in service if you cannot visit in person. Compare current buyback prices on our sell silver page.
Lowest price per dealer from A$76.21. Shipping and in-store availability vary; confirm with the dealer.