I did not only read the fine print, I actually ordered one. (actually some other coins as well, but don't want to post full invoice here) I also got confirmation that it will be shipped. (so there is stock)
You are right that there is a $15 shipping cost for delivery and $ 2.11admin fees bringing it to well above >$60 AUD compared to the $35.48 Spot Price, if you just order one. There is a pretty hefty premium over spot, but that is how they make their money and if you order larger bars that premium get's less. (Small bars and especially coins are always more expensive anyway)
Also, if you buy more than 1oz the shipping fees do not increase. (Might increase if you buy the 100oz bar though, but have not ordered that much
But to make any money the spot price would need to double and then you are just even. Don't think that will happen short term. I don't expect to get rich or double my money and bought them more for the fun. Will probably end up using them as Birthday/Christmas gifts..... At least you can do that with a silver coin that you hold in your hands. Nobody would want an SVL share for Christmas and CommSec would charge you 19.95 in brokerage as well..
SVL Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
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for Christmas and CommSec would charge you 19.95 in brokerage as well..
(20min delay)