31 silver coins, 1 oz
Best buyback price per coin, highest first
The table above shows live buyback prices from Australian dealers for 1oz silver coins. Use the weight selector to see prices for other sizes. Compare the offers and click through to the dealer paying the most to initiate your sale.
How Silver Coin Buybacks Work in Australia
Selling silver coins to an Australian bullion dealer works the same way as selling gold: you agree on a price, deliver the coins in person or by insured post, and receive payment by bank transfer. Most dealers buy standard Perth Mint coins including the Silver Kangaroo and Silver Kookaburra without additional documentation beyond standard ID.
Buyback prices for silver are quoted per ounce or per coin and move with the silver spot price throughout the trading day. You can check the current silver price in AUD at any time to understand the base value of your coins before comparing dealer offers.
The spread between the price you paid for silver and the buyback price is typically wider than for gold, partly because the lower value per ounce makes transaction costs proportionally larger. Comparing the rates in the table above before choosing a dealer can make a meaningful difference to what you receive.
What Affects Silver Coin Buyback Prices
The silver spot price is the primary driver of all buyback prices. As spot moves throughout the trading day, dealer offers move with it. The table above shows current prices from each dealer.
The type of coin affects how readily dealers accept it. Perth Mint coins like the Silver Kangaroo and Silver Kookaburra are accepted by all Australian dealers at competitive rates. International coins like the Silver Maple Leaf are also widely accepted. Coins from smaller or less familiar mints may attract lower offers or need individual assessment before a dealer commits to a price.
Coin condition matters more for silver than for gold because silver toning and scratches are more visible. Heavily toned or damaged coins may attract a lower offer. Standard bullion coins in typical handled condition are generally priced at the full bullion rate with no condition discount.
GST and CGT When Selling Silver Coins
Qualifying investment-grade silver bullion coins can be GST-free, while proofs, collectables and products that do not meet the precious-metal definition can differ. A private seller's circumstances also matter; do not assume one GST statement covers every transaction. Our GST on silver guide explains the product test.
Selling at a profit can create a capital gain. The existing discount can apply to eligible individuals and trusts before 1 July 2027. Gains accruing from that date move to the new indexation and minimum-tax rules, with transitional treatment for coins already owned.
Read the CGT changes article and confirm the result with a registered tax agent.
Questions about selling silver coins
Is there GST when selling silver coins?
No. Selling investment-grade silver coins (99.9 percent pure or better) as a private individual does not attract GST, and you receive the full buyback price shown. Because investment silver is GST-free when you buy it too, there is no GST to recover.
Which silver coins do Australian dealers buy?
Most dealers accept standard Perth Mint coins including the Silver Kangaroo, Silver Kookaburra, Silver Koala, and Silver Lunar series. International coins such as the Canadian Maple Leaf and American Silver Eagle are generally also accepted, though some dealers may offer a slightly lower rate for non-Australian issues.
How long does it take to get paid for silver coins?
Most dealers pay by bank transfer within one to two business days of receiving and verifying your coins. In-person sales at a physical store are often settled on the same day.
Are buyback prices the same at every dealer?
No. Buyback prices vary between dealers and change throughout the day as the silver spot price moves. The comparison table above shows the current offer from each dealer in real time so you can find the best price before committing.
Before you sell
- Buyback prices move with the spot price. Confirm the price with the dealer before you post or bring your silver.
- Dealers ask for photo ID when they buy from you. Keep original packaging and certificates; some dealers pay less without them.
- Private sellers do not charge GST on investment gold and silver.
Tax when you sell
A profit on bullion can be subject to capital gains tax. How much depends on how long you held it and on your circumstances; general information only, not tax advice.