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Reputation Activity
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DukeSilver reacted to Jvw in Storing sovereigns - are capsules worth it?
In one word: Yes
In a couple words: We just take care of the coins for a little while, they move on and on and on. We should preserve the state they are in right now and treat them with an individual capsule imo.
Edit: @dicker said it first and better, but I mean the same!
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DukeSilver reacted to Richym99 in Storing sovereigns - are capsules worth it?
That would work if you are stacking Brits, Krugs or any number of other modern coins that rarely change in mintage or design from year to year. Much of their value is solely in the precious metals.
Sovereigns are very different. Unless you know the difference in value between, for example, a 1931 Melbourne mint and a 1931 South Africa mint, you could be throwing away thousands when you sell. As far as intrinsic value is concerned, they are both worth £301, but a good quality Melbourne can fetch upwards of £750 while the SA, identical in every way except for the letters SA may get yoh £400.
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DukeSilver got a reaction from stefffana in Storing sovereigns - are capsules worth it?
Hello all!
A rather sweeping question I know, but please bear with me...
As some of the good folks on TSF may have noticed, I am a huge fan of sovereigns and I am always on the look out for a good trade. Since joining, I have been fortunate enough to accumulate a good number of 'minty' sovereigns (as Mr @LawrenceChard would call them), all of which are currently stored in plastic capsules. Unfortunately, I am beginning to find the volume taken up by the capsules themselves a little cumbersome compared to the space taken up by the bare coins.
So, my question is: is it really worth storing sovereigns in individual plastic capsules, purely for the sake of keeping them 'minty', compared to storing them in (for example) a Royal Mint sovereign tube and risking a little bit of scuffing? Would there be that much of a difference in potential resale price?
Given the choice, I would much prefer using a sovereign tube, even over individual plastic sleeves, simply for the sake of convenient storage.
Please note: I am referring to ordinary bullion coins here, not BU or proof coins. Plus, I am in no way a collector, just a plain old stacker.
As always, thank you for your time, and I wish you all a good day and good stacking!
Duke
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DukeSilver got a reaction from Richym99 in Storing sovereigns - are capsules worth it?
That's a great point. I can only imagine the story behind some of the coins I have in my stack, though I try to remain dispassionate when buying/selling.
I guess the real question is how much would I be willing to sell a minty sovereign for when compared to a circulated one?
My thanks to everyone for the insight. A pleasure as always!
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DukeSilver reacted to Richym99 in Storing sovereigns - are capsules worth it?
I will stand corrected, but most outlets for buying coins in bulk, such as bullion dealers, porn brokers etc will expect to buy at two or three percent below spot. They will then go through them and resell the better examples at a premium.
That is where places like this come in. People will snap up reasonable quality sovereigns for £320 day in day out providing they don't have obvious defects like knocks and scratches.
Better look after them and sell 30 on here for £9,600 than not look after them and take £8,760 for them and watch someone else cash in.
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DukeSilver reacted to dicker in Storing sovereigns - are capsules worth it?
Personally I keep all of my gold coins in capsules.
Why? Simply because I am the custodian I want to preserve them for the next soul to own them.
Best
Dicker
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DukeSilver reacted to Skyfiller in Storing sovereigns - are capsules worth it?
I’ve only just started stacking sovereigns and looked fo ages for something to store them in. Tried quite a few but eventually ended up with these 100 coin cases with capsules from Amazon for under a tenner. They fit whole sovereigns perfectly.
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DukeSilver reacted to Fadeingstar in Storing sovereigns - are capsules worth it?
Now that is a very interesting question. I think one way to look at it would be if you are a potential buyer and you had lets say 2021 sovs at the same price but one looks like it has gone 10 rounds with Mike Tyson and the other had lived the good life and was minty which would you be more interested in buying? As such there may be more intest in a better looking item however price is also a factor and I don't think keenly priced sov's hang around much on the forum do they?!
When it comes to coin shops/dealer I would expect that they would be paying spot value and so I would assume condition isn't as much of an issue.
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DukeSilver reacted to CollectorNo1 in Storing sovereigns - are capsules worth it?
Personally I keep my sovs in capsules old and modern also in a sovreign box...I'd never put them in tubes as scratches could occur. Infact I keep all my coins in capsules even silver bullion..might be abit ocd but I like to keep all my coins protected..
Regards
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DukeSilver reacted to Fadeingstar in Storing sovereigns - are capsules worth it?
I agree I am a fan of a nice capsule. I keep all my coins in capsules at the moment but then again I only have a modest selection unlike many forum members. They floor boards are creaking under the weight of their collections
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DukeSilver reacted to Richym99 in Storing sovereigns - are capsules worth it?
I suppose it depends on how much value you assign to the them.
If you consider that, as bullon coins, they are only worth their intrinsic value, then it will matter not what condition they are in. You can put them in a carrier bag and they won't lose their value. After all, you will be selling them as scrap value for melting down.
If, however, you think that some might be worth a little more than the intrinsic value, it is worth separating them out and properly storing them. Just because you are a stacker, not a collector, presumably still means that you want to get the best possible sale price when it does come to liquidating your assets.
Personally, if I had a stash of possibly gVF-EF quality sovereigns, I would be doing everything to maintain that and avoid metal to metal contact.
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DukeSilver got a reaction from LawrenceChard in Storing sovereigns - are capsules worth it?
Hello all!
A rather sweeping question I know, but please bear with me...
As some of the good folks on TSF may have noticed, I am a huge fan of sovereigns and I am always on the look out for a good trade. Since joining, I have been fortunate enough to accumulate a good number of 'minty' sovereigns (as Mr @LawrenceChard would call them), all of which are currently stored in plastic capsules. Unfortunately, I am beginning to find the volume taken up by the capsules themselves a little cumbersome compared to the space taken up by the bare coins.
So, my question is: is it really worth storing sovereigns in individual plastic capsules, purely for the sake of keeping them 'minty', compared to storing them in (for example) a Royal Mint sovereign tube and risking a little bit of scuffing? Would there be that much of a difference in potential resale price?
Given the choice, I would much prefer using a sovereign tube, even over individual plastic sleeves, simply for the sake of convenient storage.
Please note: I am referring to ordinary bullion coins here, not BU or proof coins. Plus, I am in no way a collector, just a plain old stacker.
As always, thank you for your time, and I wish you all a good day and good stacking!
Duke
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DukeSilver got a reaction from SilverStorm in Ways to test Gold
I will say this: the day my Sigma Metalytics machine arrived, I felt like a huge weight had been lifted off my shoulders.
Even though it seems like a huge investment for such a small device (which it is), I take solace in the fact that I can always be confident in my gold and silver purchases.
By the time it catches 2-3 fake sovereigns (so far, not yet) I will consider it to have paid for itself!
Plus, if you look after them, these machines tend to retain their value on the second-hand market.
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DukeSilver got a reaction from silenceissilver in Ways to test Gold
I will say this: the day my Sigma Metalytics machine arrived, I felt like a huge weight had been lifted off my shoulders.
Even though it seems like a huge investment for such a small device (which it is), I take solace in the fact that I can always be confident in my gold and silver purchases.
By the time it catches 2-3 fake sovereigns (so far, not yet) I will consider it to have paid for itself!
Plus, if you look after them, these machines tend to retain their value on the second-hand market.
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DukeSilver got a reaction from Jvw in Ways to test Gold
I will say this: the day my Sigma Metalytics machine arrived, I felt like a huge weight had been lifted off my shoulders.
Even though it seems like a huge investment for such a small device (which it is), I take solace in the fact that I can always be confident in my gold and silver purchases.
By the time it catches 2-3 fake sovereigns (so far, not yet) I will consider it to have paid for itself!
Plus, if you look after them, these machines tend to retain their value on the second-hand market.
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DukeSilver got a reaction from kimchi in Ways to test Gold
I will say this: the day my Sigma Metalytics machine arrived, I felt like a huge weight had been lifted off my shoulders.
Even though it seems like a huge investment for such a small device (which it is), I take solace in the fact that I can always be confident in my gold and silver purchases.
By the time it catches 2-3 fake sovereigns (so far, not yet) I will consider it to have paid for itself!
Plus, if you look after them, these machines tend to retain their value on the second-hand market.
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DukeSilver got a reaction from mr1030 in Today I Received.....
Today I received my first ever Umicore bar from a terrific new member, @SilverTalent
As with all my purchases, I tested with my trusty Sigma Metalytics Verifier and it came up perfect! I only mention that here as Mr Talent is currently building a solid reputation on the forum and I wanted to help by highlighting the quality of the item.
An absolutely gorgeous piece from a great seller.
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DukeSilver got a reaction from Ducat916 in Today I Received.....
Today I received my first ever Umicore bar from a terrific new member, @SilverTalent
As with all my purchases, I tested with my trusty Sigma Metalytics Verifier and it came up perfect! I only mention that here as Mr Talent is currently building a solid reputation on the forum and I wanted to help by highlighting the quality of the item.
An absolutely gorgeous piece from a great seller.
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DukeSilver got a reaction from MickB in Today I Received.....
Today I received my first ever Umicore bar from a terrific new member, @SilverTalent
As with all my purchases, I tested with my trusty Sigma Metalytics Verifier and it came up perfect! I only mention that here as Mr Talent is currently building a solid reputation on the forum and I wanted to help by highlighting the quality of the item.
An absolutely gorgeous piece from a great seller.
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DukeSilver got a reaction from Foster88 in Today I Received.....
Today I received my first ever Umicore bar from a terrific new member, @SilverTalent
As with all my purchases, I tested with my trusty Sigma Metalytics Verifier and it came up perfect! I only mention that here as Mr Talent is currently building a solid reputation on the forum and I wanted to help by highlighting the quality of the item.
An absolutely gorgeous piece from a great seller.
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DukeSilver got a reaction from richatthecroft in Today I Received.....
Today I received my first ever Umicore bar from a terrific new member, @SilverTalent
As with all my purchases, I tested with my trusty Sigma Metalytics Verifier and it came up perfect! I only mention that here as Mr Talent is currently building a solid reputation on the forum and I wanted to help by highlighting the quality of the item.
An absolutely gorgeous piece from a great seller.
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DukeSilver got a reaction from CadmiumGreen in Today I Received.....
Today I received my first ever Umicore bar from a terrific new member, @SilverTalent
As with all my purchases, I tested with my trusty Sigma Metalytics Verifier and it came up perfect! I only mention that here as Mr Talent is currently building a solid reputation on the forum and I wanted to help by highlighting the quality of the item.
An absolutely gorgeous piece from a great seller.
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DukeSilver got a reaction from Artictim in Today I Received.....
Today I received my first ever Umicore bar from a terrific new member, @SilverTalent
As with all my purchases, I tested with my trusty Sigma Metalytics Verifier and it came up perfect! I only mention that here as Mr Talent is currently building a solid reputation on the forum and I wanted to help by highlighting the quality of the item.
An absolutely gorgeous piece from a great seller.
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DukeSilver got a reaction from Arganto in Today I Received.....
Today I received my first ever Umicore bar from a terrific new member, @SilverTalent
As with all my purchases, I tested with my trusty Sigma Metalytics Verifier and it came up perfect! I only mention that here as Mr Talent is currently building a solid reputation on the forum and I wanted to help by highlighting the quality of the item.
An absolutely gorgeous piece from a great seller.
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DukeSilver got a reaction from Scaffstacker in Today I Received.....
Today I received my first ever Umicore bar from a terrific new member, @SilverTalent
As with all my purchases, I tested with my trusty Sigma Metalytics Verifier and it came up perfect! I only mention that here as Mr Talent is currently building a solid reputation on the forum and I wanted to help by highlighting the quality of the item.
An absolutely gorgeous piece from a great seller.