Wileyfox

Thanks - This is slightly confusing (to me anyway).

So legal tender items are capital gains exempt?
So what coins does that include?
I guess ones with the queens head on and with a value - like a brittania? 
As @Solachesis has said - royal mint, face value (eg £5) & queens head

What about the queens beast? I guess not.
What about bars vs coins as I have bars with all of the above. 
What about coins that are from offshore territories (I have a few with a value of £5 and the queens head).

Surely there is a list somewhere with most the up today coins that do not incur capital gains are are by law legal tender. 
Thanks

 

All good condition sovs; the bundle includes:
Young-Head Victoria, 1876S,
Jubilee-Head Victoria, 1887M,
Old-Head Victoria, 1901P,
Edward VII, 1910,
George V, 1913,
Gillick-Head QEII, 1967
& Machin-Head QEII, 1979
£2,795 posted 
P.S. we are going to conveniently ignore the existence of Edward VIII & George VI sovereigns in this “consecutive” bundle

Two coins have been sold. 
Will leave listing up for the last one until midday Saturday.
Will remove after as I am happy to keep. Coin is as if minted yesterday.
Apologies to the few members who wanted to pay by Paypal F&F .  I should have put in my payment details from the offset. 

Dates include:
1912,
1913 * 2,
1913M,
1913P,
1915,
1918I * 2 (£415),
1918P * 3,
1919P,
1927SA * 3,
1928SA,
1929SA
& 1931SA * 3
£400 each + post unless stated,
Pics of individual sovs on request 

Thinking about it further - if I had that sort of money to invest and wanted to have something to commemorate the Coronation, I'd probably try for one of the 5 coin proof sovereign sets and put the rest into new bullion sovereigns and/or 1 oz Britannias.

I would stay clear of commemorative proof coins that sell at high premiums.
I have direct personal experience with beautiful ( some very low mintage ) FDC condition gold Britannia and Sovereign boxes sets.
When I wanted to sell these sets I found it very difficult to find buyers willing to pay more than bullion prices.
I also spoke to main dealers that had exactly the same sets advertised with premiums often approaching 100% but they would not even buy at spot price at the time.
You can get attached to a set of coins believing they will retain value because you paid a high price or it is a very limited coin or set.
Unfortunately when you are selling you may not find others sharing your views so will be extremely disappointed.
Just my viewpoint but you did ask the question inviting comments.
 

I like this question - having funds already in gold in BV is a good position to be in.
What would I do?
I would spend ~£10k on a tube of best value sovs and then spend the rest on something special. I prefer my gold old and with some history, I also prefer to be able to touch and feel it.
I don't know this market well but if I had £3-4k to spend on a proof I would go one King's coronation back in time and opt for a 1937 George VI proof sovereign.
I think you can have the best of both worlds, liquid bullion and also the pleasure of owning a rare thing of beauty.

I like this question - having funds already in gold in BV is a good position to be in.
What would I do?
I would spend ~£10k on a tube of best value sovs and then spend the rest on something special. I prefer my gold old and with some history, I also prefer to be able to touch and feel it.
I don't know this market well but if I had £3-4k to spend on a proof I would go one King's coronation back in time and opt for a 1937 George VI proof sovereign.
I think you can have the best of both worlds, liquid bullion and also the pleasure of owning a rare thing of beauty.

£8100 posted SD
84.76g/each set 
Just above gold spot!
Great investment 
Bank wire only 
Thanks for looking 

I like this question - having funds already in gold in BV is a good position to be in.
What would I do?
I would spend ~£10k on a tube of best value sovs and then spend the rest on something special. I prefer my gold old and with some history, I also prefer to be able to touch and feel it.
I don't know this market well but if I had £3-4k to spend on a proof I would go one King's coronation back in time and opt for a 1937 George VI proof sovereign.
I think you can have the best of both worlds, liquid bullion and also the pleasure of owning a rare thing of beauty.

Great advice from everyone - thank you.
I don't hear anyone say buy it :-) 
Often I do hear pundits say "buy the best coin you can" - but I guess that tends to be in the numismatic areana. 
Ok I'll stick to the 1oz Coronation if I can get one and consider my choices from there. I'll report back.
Again thank you to eveyone who spent time to comment.

Those are great points Caz, thank you. Offsite secure storage is already in action and I don’t keep anything at home. But your other point is really the crux of the matter. My heart says I want to own and enjoy a once in a lifetime piece, but my head reflects what you say and thinks bullion has a lot of exit advantages but is somewhat boring.

Thank you for point, Yes I have thought of exit strategy and although I said 10 years the expectation is It’ll be the next generation that has the pleasure of selling it. I’m fortunate enough to have enough liquidity elsewhere in my portfolio that I don’t expect the need to sell - but never say never right! Essentially this money is profit taking from the BullionVault account. 
I put some extra money in 5 or 6 weeks back and just caught the rise quite nicely. Taking the profit out and putting it into physical seems like a sensible diversification to reduce the 3rd party BullionVault risk. But which physical is the question.
there is also a taxation issue with CGT, putting it into legal tender will help with that, especially with the CGT limit going to £3000 next year.

Yes I’ve been buying Silver and Gold since 2011 so have acquired a little knowledge along the way. Most of my metal investments are held in BullionVault and I’ve been moving a small amount out of BullionVault into physical, mainly for the pleasure of actually owning beautiful things. 
so my reason for buying the 5oz would be primarily for the pleasure of buying a rare thing of beauty. But I just need to pinch myself first to make sure this isn’t a really bad idea and would I just be better off leaving it in BullionVault or buying physical bullion.
I don’t mind if it’s not the best investment return, for the exchange of enjoyment in ownership. Just so long as it’s unlikely to be a real dog.

The first question I would ask myself is "what am I investing for"? If it's growth then the conventional wisdom would be to avoid bullion. I have bullion not for investment growth, but for a hedge (insurance) against Bad Things[tm] happening and a greater degree of independence from The System[tm].
I have no expertise in numismatics and so no opinion on how the 5oz proof will do over time, however I subscribe to the idea that you should only invest in stuff you understand. So unless you feel that you understand the market and the risks and you have your own view on the investment that you are confident in, I'd avoid it. (Also bear in mind that having that much value in a single item will likely make it less liquid than it otherwise would be.)

If you want to be able to hold and appreciate it, avoid proof as handling it will immediately devalue it.
I am not a fan of modern proofs, especially from the Royal Mint who's premiums have gone up as fast as their quality control has gone down.  For your money you can get a nice full tube of memorial sovereigns or some first year KCII Britannia's, then you can handle them while pretending to be a pirate (which, cough, I have heard some people, cough, may do)
  

Dates include:
1873, 
1899
& 1907
spot + 3% - £1600 + post each

Hello All
I am Daz,I am new to the forum and new to precious metals. I am looking to gain some knowledge and start buying. My preference is buying gold but will dabble in silver as well.
 
Kindest Regards

Bump 3 left

This is an auction that will end on Saturday night at 7pm. Any bids that come in after 7pm are invalid (so 18:59:59 is the latest), but please do feel free to make donations beyond this time if you feel so inclined.
Monsmoy (Nick) was known to us. He was one of us. A collector. A stacker. Someone who saw the beauty in details. Someone who was careful, yet also able to easily trust and throw himself into something if he believed in it. He died too young. He wasn’t even 50.
I am proud to say that I knew Nick. I knew him because of a shared love of investing in bullion and collecting coins. 
He was a retired army major. He was most recently a fire fighter. He was just a perfect gentleman.
The coin offered for auction is detailed below. It is not perfect and has handling marks and some details that would mean it would not grade well. It is however the last coin that Nick and I agreed to deal on. Whilst we never completed the deal, it will always be his coin and so I feel compelled to sell it in his name and give the entire amount raised to two charities: Hounds for Heroes and The Firefighter’s Charity. I intend to split the total amount raised equally between the two charities.
I will cover postage.
Please start the bidding at £1 and please bid as you see fit. If you want to make individual donations, please do so and share here if you like. No pressure, of course.
Please see information here for donations: https://nicholaswilby.muchloved.com/Donate
Thank you,
 
Andrew.
 

£410 

51 available, all sold in capsules.
Minimum order of 10,  10 for £270 inclusive of special delivery.
 

Price dropped to £400 each

If you are bullish on silver and own paper and physical with the ability to transfer efficiently/profitably between the two, you may be interested in running a wheel strategy. You don't need physical at all to run this strategy but if you're making arbitrage between spot, premiums, paper and physical, then all the better:
The Wheel Strategy Blog - Options Trading Made Simple

Yes I'm not sure the best product out there but IG is one I have used before and they have a demo account where you can try things out.
A couple of points from memory..
There's going to be costs - the spread plus for a spot contract there's an overnight funding rate (for a short they should be paying you interest but I'm pretty sure they'll still charge you a small amount) you can avoid the overnight funding rate by opting for the futures contract but here the spread will be higher i.e. the funding costs are put into the spread.
  The contract will be priced in $/oz with a minimum of £1 a cent. This works out at an exposure of 100*GBP/USD oz ~125oz. As well as going short silver you'll also be going long USD so if you're base currency is GBP then there's also a forex risk to consider.
For example, lets say £1 is $1.25 and you go short £1/pt at $25/oz (£20/oz). Next the Fed starts lowering interest rates and the pound and silver both go on a rally with £1 going to $1.50 and silver going to $30/oz (so silver stays at £20/oz). Your short is now £500 underwater and silver is still no cheaper in £ terms.