Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

Ole76

Member
  • Posts

    45
  • Joined

  • Last visited

  • Trading Feedback

    100%
  • Country

    United Kingdom

Reputation Activity

  1. Like
    Ole76 got a reaction from Tortoise in Buying 1oz gold - coin or bar?   
    Yeah, I've thought that too but just liked the idea of having an actual (but small) gold bar
    Shall I just keep buying new 2021 sov's or are older, second hand ones from say Bullion by Post (there 'best value coins') which are only a few Pounds less worth going for instead?
  2. Like
    Ole76 reacted to Foster88 in Buying 1oz gold - coin or bar?   
    What he said. ^ 
    I’d recommend the QB’s completer coin but you’ve already got that. Neither do I but I intend to get one.
    Sovereigns are my main focus.
  3. Like
    Ole76 reacted to TringSilver in Buying 1oz gold - coin or bar?   
    I agree with @Touvex
    Also BBP are about the most expensive dealer from my experience so I personally don't use them anymore, although I think they do get most newbies as they do have a good website. But shop around. There is the price comparison tool on the forum for members 👍
  4. Like
    Ole76 reacted to Touvex in Buying 1oz gold - coin or bar?   
    Coming from a new collector/stacker myself, i would advise sovereigns, older sovereigns like other members have said.
    The main reasons for me are
    1) they are kind of nice to collect with lots of different monarchs, years, and event various editions, the colour is also nice if you stay away from modern coper ones!
    2) the main reason, they are super easy to liquidate, even for someone wanting to hold them for a long time to come, this is still an advantage, e.g. if you see a special coin you like and need cash, if you need cash at all. And when it comes to selling your stack. I have other coins that are much harder to move (even brits), but never have to worry about moving sovereigns.
    Hope this helps!
  5. Like
    Ole76 reacted to Stuntman in Buying 1oz gold - coin or bar?   
    Bars are not exempt from CGT, but unless you have a lot of value tied up in bars you are unlikely to need to worry about CGT.  And if you are having to worry about CGT, you will have made a lot of profit from holding your bars!
    In answer to the question: the Britannia bar is a lovely thing, and bigger than you might expect because it's thinner than a 1 oz gold coin.  And the blister packaging is actually very well done.  I wasn't expecting to like the bars, but after buying a 1 oz Una gold bar earlier this year, I ordered a 1 oz Britannia bar on the day that the Una bar was delivered.
    Having these two bars in amongst a collection of otherwise gold coins is lovely for variety.  I probably won't add many (or any) more, though.
    Gratuitous photo:
     

  6. Like
    Ole76 reacted to Coverte in Buying 1oz gold - coin or bar?   
    Yes, I can understand this, as I like my silver in bars and don't really think about resale value as I have no intention of selling them unless something went horribly wrong like all my tenants moving out simultaneously!!
    With that said, I bought a 1oz Pamp Rosa bar from a forum member, as he was desperate to get into ctypto and sold about £10 below spot.
    From that I can tell you that 1oz of 24ct gold is so tiny and inconsequential looking, I've never had the inclination to give it a second glance since it went into the safe; on the other hand, I love taking my Beasts out of the tube/s and also particularly enjoy taking my gold completer out just to admire them.
    My personal suggestion therefore would be a coin, and as someone else has said, it maybe better for yourself or for me my kids/grandkids, to pay a few £ extra and buy a coin  with future potential - you could get a gold bullion completer for about £1390, or if you want a bit cheaper, a 'Minty' CGT exempt coin for about £35 less.
  7. Like
    Ole76 reacted to silenceissilver in Buying 1oz gold - coin or bar?   
    CGT doesn't matter for you, if you mostly have Sovereigns anyway and want to stick to them, after his purchase. The threshold where it even kicks in is well above 10K, no clue where exactly, at the moment. (Unless there is a hyper inflation and the rates lack behind the prices which I would expect them to in such a scenario.)
    I'd go for the coin because they don't come in blisters that you need to remove in order to test if it's real gold but if you do, it's probably a bit less liquid in private sales because it's perceived as a broken seal for many potential private buyers.
     
  8. Like
    Ole76 reacted to Foster88 in Buying 1oz gold - coin or bar?   
    If you’re lookijg for sovereigns I would buy older sovereigns any day over newer sovereigns. There’s nothing wrong with newer sovereigns, there’s much more history with the older ones and they don’t have that ‘copper’ look. Most of the older sovereigns were minted with silver.
    The best place to buy them is right here on the forum but you might have to be quick. They don’t last long.
  9. Like
    Ole76 reacted to Midasfrog in Buying 1oz gold - coin or bar?   
    The best price sovereigns are sold on the forum plus there is the bonus of seeing good quality pictures of the actual coin your purchasing.
    Best to buy nice looking examples of older sovereigns Victoria through to Elizabeth II this helps keep the interest going with so many varieties some hold an extra premium 👍 
    Saw some lovely examples selling on the forum over the last few days for £310 each
  10. Like
    Ole76 reacted to Midasfrog in Buying 1oz gold - coin or bar?   
    I would go for more sovereigns as its much easier to sell fractional gold coins than full 1oz . A 1oz Britannia will sell for a few % over spot.
    Having four sovereigns in the hand gives you the option to sell slowly one at a time or liquidate fast all in one go.
  11. Like
    Ole76 reacted to watchesandwhisky in Buying 1oz gold - coin or bar?   
    I would be tempted to go for a CGT exempt coin - 1oz Britannia 
  12. Like
    Ole76 reacted to Bars in Buying 1oz gold - coin or bar?   
    Coins are more liquid than bars, some people like to hold the coin too, not quite the same in a blister pack. Britannia gold bars are nice, but if looking at it from an investment side, maybe buy a una and the lion/james bond bar which have the potential to appreciate more. 2021 Brits have the safety feature option over the bar too.
×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use