BobnotTed

If I wanted to work out the current spot price of a 20th (or 19th) century full sovereign in GBP, do I take the weight of a full sovereign in troy ounces and multiply by the Gold Price in British Pounds (currently £1318.23)? My sources for these two figures can be obtained at the links below.

 0.235420 troy ounces x £1318.23 = £310.33 

Is this correct?

https://goldsovereignexpert.com/info/how-much-does-a-gold-sovereign-weigh/

https://www.kitco.com/gold-price-today-uk/index.html

Out of curiosity, how long do you think an ad should be held at an asking price here on the forum before it can be concluded that the price may possibly need reduced? 

Hours rather than days?

39 minutes ago, sixgun said:

You don't have to be a premium member to sell on the forum. 

Thanks; I wasn't aware of that.

I was just looking at the Silver Premium Membership here on the forum (application snip below) - is this paid by monthly direct bank deduction, or by PayPal? I'm in the UK.

I think these are possibly better photos. At least I'll know when I see them posted here against my previous attempt. 

Is this a reasonable quality of photo to sell on the forum's Buy, Sell and Trade section?

I think I'll try listing some on the Buy, Sell and Trade section here on the forum. 

Do you think this standard of photo is okay for listing, or do I need to get a lend of a better camera?

If I sold here on the forum, in order to receive payment, is the general practice to then message the purchaser with my sort code and bank account number? Do I need to message any other info in order to receive payment?

If I wanted to sell some George V sovs (just thinking about it), which of the UK dealers are usually known for having the best prices to sell to?

At the site below one is £346.00 to buy - what sort of price do you think they might buy for?

https://www.atsbullion.com/gold-sovereign-coin/1911-1932-george-v-sovereign/

If alternatively I wanted to sell here on the forum, would it normally be standard to sell sovs individually, rather than selling several together as one lot?

Do you think I'd get much more selling here on the forum compared to what I'd get from one of the UK dealers who offer better prices?

Thanks.

8 minutes ago, SilverJacks said:

Coins of the Realm

 

If you provide proof of purchase, that's what they pay out... Otherwise, you could argue your case as to what its worth but say you're flipping a modern coin, would be hard to argue anything other than RRP

But say someone purchased a Vic sov 20 years ago, and then sells it someone now, presumably RM would pay out on the recent paid price rather than what was paid 20 years ago if it was lost in post?

4 hours ago, Richym99 said:

I posted 6 sovs valued at £2400 to CoR on Friday by SD. Cost £12. 

Of course, the value is only what you paid for them as RM insurance wiill require proof of what you paid,

What's CoR?

Would the SD not insure what the purchaser has just paid, rather than what the sender paid which may be less if the sender purchased them many years ago?

Which postal method would you suggest for sending sovereigns within the UK?

If Royal Mail, specifically which method should be used to that they're covered against being "lost" in the post.

Or would you suggest some other courier? 

2 hours ago, Kman said:

Dollar looks like it's going to come up and test some resistances in the next week

If it fails at 94 then we shouldn't see too much of a fall off for pms

If it gets past 94 and up to the ones at  95 and 96 which would probably play out over weeks instead then yes everyone saying $1700 will probably be right

My guess is 94 holding as resistance, dollar starting a new leg down, PMs starting a new leg up

Kman, I don't have a financial trading background, so I'm wondering what the 94, 95, 96 is you're referring to. Would you have a link to a live chart which shows where the USD is now in relation to these figures? Thanks.

3 minutes ago, Kman said:

It's 15% drop though from where we are now, that's very big for gold, what would be the catalyst? 

It's plausible there will be some form of banking crisis allowing a temporary drawback.

3 minutes ago, KDave said:

Now Warren Buffet has bought a gold miner that must be the top. He is the 6 pack joe never bought gold before rushing in before it crashes.  

Yes I was intrigued when I heard that, though on further inspection the amount bought in relation to the capital at their disposal is very small. So small, it's quite possible it was made by one of his two advisers rather than him.

https://www.kitco.com/news/2020-08-12/-Last-great-buying-opportunity-Gold-price-can-dip-below-1-700-this-year-before-resuming-its-path-towards-15K-Goehring-Rozencwajg-Associates.html

Goehring & Rozencwajg Associates were suggesting $1,500-$1,700 levels for later this year.

Anyone else think it can go back to $1,700 within the next few months?

5 minutes ago, Kman said:

It says in the article "As part of the concession process, traders will temporarily push yields higher to make them more attractive at purchase ahead of the auction" I wonder if this is a temporary spike that will come back into PMs after?

So once the auction is over today, are we predicting this is the bottom of this gold dip?

and Eco...

Hadn't heard of the 1966 four gold coin max before.

5 minutes ago, Tickety said:

There is no CGT on UK mintted coins.. It would be worth noting that there may be new forms of taxation in the future, just saying if the government think there is money in it they may introduce it. The government is more likely to tax your gold than confiscate it. 

Yes, I was wondering if CGT has previously existed in the past at some point on UK minted coins? Has the sale of sovs always been free of CGT in the UK?

1 hour ago, Tickety said:

I would agree with the above, they are more likely to tax you upon sale, governments are masters of introducing forms of taxation to keep the average person under the thumb. Just imagine a 20% or 30% tax introduced on the final selling price. 

Did CGT previously exist in the UK on the sale of sovs, and if so, when did this end?

Just say it's "fake news". 

21 hours ago, Kman said:

My predictions so far haven't been the best but I'm feeling very good about this one

For some reason I've only just found/drawn in some beautiful trend lines

Gold I think it's going to hit around $2060 then come down to probably $1935-$1945 and the trend line it's been following up will become a point of resistance, that would be a 5-6% drop

Comparing gold and silver moves in 2011 this seems very plausible 

It could also just fall back to the bottom of the trend at $1980 and continue on the strong path up, make another leg up to the top before falling out 

 

 

Kman, may I ask which software package you are using to produce your snazzy charts?

1 hour ago, TheApe said:

Sovereigns at about 2 percent.

https://www.heubach-edelmetalle.de/verkauf/1-pfund-sovereign-mix-19806

Apparently they don't send to the UK. Strange that they send to Ireland but not the UK.

6 minutes ago, Zimmerman said:

I think he’s taking profit over his “1 per household” policy I’m into double figures (on my account ). Just got to play the game with them 

So can you only purchase 1 per household per order?