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TringSilver

Silver Premium Member
  • Content Count

    209
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    United Kingdom
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Reputation Activity

  1. Like
    TringSilver got a reaction from BobnotTed in Calculating spot price of full sovereign   
    Yes or easier is that some dealers show the intrinsic value on the listings. Chards for example, so I do that more often than not. Or just keep abreast of the spot 1gm price and do the fag packet maths 
  2. Haha
    TringSilver reacted to AndrewSL76 in The coming Gold crash   
    Gold is heading down, down, down..............sell your sovereigns to me for £275 each now before they dip down to £45 each............
  3. Like
    TringSilver got a reaction from BobnotTed in Calculating spot price of full sovereign   
    Yes or easier is that some dealers show the intrinsic value on the listings. Chards for example, so I do that more often than not. Or just keep abreast of the spot 1gm price and do the fag packet maths 
  4. Like
    TringSilver reacted to Foster88 in Calculating spot price of full sovereign   
    There's also the 'compare' feature on here which will show you the spot price for many popular coins.
    I see that you're a silver premium member so you should be able to see this.
    Alternatively your calculation is correct. 👍🏻
  5. Like
    TringSilver got a reaction from BobnotTed in Calculating spot price of full sovereign   
    Yes or easier is that some dealers show the intrinsic value on the listings. Chards for example, so I do that more often than not. Or just keep abreast of the spot 1gm price and do the fag packet maths 
  6. Haha
    TringSilver reacted to AndrewSL76 in 1917 Sovereign   
    Agreed, but note that the mintmark is not the only distinguishing feature. Some also have a little line around the edge of the coin where the gold paper meets to cover the chocolate. I fear this coin would not survive the bite test. 
  7. Sad
    TringSilver got a reaction from Leonmarsh in SILVER DEALS - (UK & Europe) See a deal, post it here   
    Ex VAT so more like £30~
    Had me a few times as well! 
  8. Sad
    TringSilver got a reaction from Leonmarsh in SILVER DEALS - (UK & Europe) See a deal, post it here   
    Ex VAT so more like £30~
    Had me a few times as well! 
  9. Like
    TringSilver got a reaction from GoldenGriffin in Royal Mint - The Three Graces - FREE Grading - LIMITED Offer. + Special Offer Auction fee   
    Just had the call from @CoinsOfTheRealmAuctions and very happy to say that I got PF70 x 2 and they are due back shortly 😊 
    Thanks again to @ChrisSilver and Louise. 
  10. Like
    TringSilver got a reaction from GoldenGriffin in Royal Mint - The Three Graces - FREE Grading - LIMITED Offer. + Special Offer Auction fee   
    Just had the call from @CoinsOfTheRealmAuctions and very happy to say that I got PF70 x 2 and they are due back shortly 😊 
    Thanks again to @ChrisSilver and Louise. 
  11. Like
    TringSilver got a reaction from GoldenGriffin in Royal Mint - The Three Graces - FREE Grading - LIMITED Offer. + Special Offer Auction fee   
    Just had the call from @CoinsOfTheRealmAuctions and very happy to say that I got PF70 x 2 and they are due back shortly 😊 
    Thanks again to @ChrisSilver and Louise. 
  12. Like
    TringSilver reacted to modofantasma in Ciara   
    Welcome. Gold silver.Be was really good for purchasing from EU the past few years I found for silver but as Tring says now with charges it would be expensive buying it in from there for us in England 
  13. Like
    TringSilver reacted to modofantasma in New visitor - Hello All   
    Bringing silver into the uk from abroad will attract vat @20% since the end of the transistion period I believe yes. All respected dealers you mentioned, I think that there is no one best dealer it depends what you're buying, some dealers might sell certain things at lower premiums  than others, another dealer might be cheaper if you're buying more bulk for eg, some are better if it's a smaller order 
  14. Like
    TringSilver got a reaction from BYK in New visitor - Hello All   
    Hope to help, I am by no means an expert just the reading I have done here which has lots of helpful members so trying to pass on the knowledge! 
    Your Brit bar looks like it was about £100 premium, whatever that works out in % about 8% maybe ? That's not too bad for a 1oz bar and is about the going rate. I wouldn't say they were collectible per se but I think if you wanted to sell it here you would get your money back or close to I'd imagine as people like them. I am not aware there is a limit as they aren't dated.
    All of the dealers listed are well respected here. There is also Sharps Pixley and Hatton Garden Metals who I have both used and they are good. Bullion by Post have a slick website and it is good for info but you will see they have hefty premiums due to said, I think a lot go there first then work out after a while that it can be had cheaper. 
    What I have found is that in this game it is literally a case of looking at all the dealer pages a few times a day to spot the deals as they come up. 
    Europa look good and I want to use them but I wouldn't personally order silver from them as you will get import charges applied, although am not sure they are even shipping to the UK due to said. If you know someone who lives in a European country and you can bring it back though then that's another matter! 
  15. Like
    TringSilver got a reaction from BYK in New visitor - Hello All   
    @BYK
    Couple of questions there. 
    What should you buy ? This will depend on your aim, if you just want to stack some gold as a hedge or store of wealth then logic dictates that you should go for the lowest premium gold you can get your hands on. This will generally be sovereigns as they can go for just a few % over spot and same for the Krugerrands. If you have some other reason such as you want to collect a series or type of coin, then go for that and buy what you like. Just remember that anything with a high premium could be worth less if you want to cash it in one day and you take it to a dealer, whereby they could offer spot for it or just under. Conversely, it could keep its premium or rise so research is key.
    What determines price ? Well I imagine that sovs have a low price as they have been minted into the millions for a long time and there is a strong market for buying and selling them. Similar for Krugerrands, they were the modern bullion coin after sovs from the 70s onwards so there is a lot around. 
    What determines the price on any given day is up to the market really. A dealer that has 1oz Krugerrands for sale at 3% premium one day may have gold Brits at 3% the next. Supply and demand. 
    If you just want to stack gold weight, then just keep an eye on the various dealers such as Atkinson's, Chards etc etc and buy what had the lowest premium when you're ready.
    I think many on here will have gone a similar route to me, which is stacking some sovs for the gold weight, but once you see the history then there is actually a massive collector angle: rare years, date runs, sate runs of the different empire mints, bullion or proof, etc etc
  16. Like
    TringSilver got a reaction from BYK in New visitor - Hello All   
    Hi BYK, I think you're making the common newbie error of thinking that 22ct or lower coins are "less" good than 24ct/.999
    The purity is irrelevant if you are stacking for gold weight. 
    A 1oz Gold Krugerrand at 22ct/.917 has the same amount of gold in it as a 1oz Gold Britannia of 24ct/.999 IE 1 Troy Oz of gold.
    The only difference is that the Krugerrand will weigh a few GM's over 31.1gms to allow for the extra copper it is alloyed with. 
    The alloys are to add some extra durability to the coins generally, a lot of world gold is less than 24ct and Gold Britannias used to be .22ct or similar as well before 2013 I think it was.
  17. Thanks
    TringSilver got a reaction from Ranks1970 in Solid wooden coin boxes   
    On the first page of this thread 👍
  18. Like
    TringSilver got a reaction from BYK in New visitor - Hello All   
    Hi BYK, I meant Gold Sovereign Coins. Minted by the Royal Mint for c. 200 years for the modern variety. 
    They are just under 1/4oz of gold and buy and sell for just a few % either side of spot.
    Your gold bar is a good shout as well.
    But if you intend to build a big stack then you may want to stick to coins as they are CGT free. Although this will only apply if your profit from selling will exceed £12000 a year so that's quite a lot.
    https://atkinsonsbullion.com/gold/gold-coins/sovereign-gold-coins-(1)/2021-uk-full-sovereign-gold-coin
  19. Like
    TringSilver got a reaction from GenX in Hello from a new member   
    Welcome, and good work on having a browse and doing your research first 👍
  20. Thanks
    TringSilver reacted to GoldDiggerDave in Newbie - strategy advice please   
    People buy silver because it's perceived to be cheaper it's far far more expensive than gold to buy and own.  
    TAX  Silver 20% tax to buy and hold it Gold 0% tax to buy and hold
    Dealer premiums  (the price over spot) Bullion by post 12th May 2021   Silver 39%  Gold 13% (you can buy cheaper than this for both but its a far example of the ratio difference) 
    Silver cost far more to physically hold, just how much would a decent safe cost to hold a monster box of silver £1-2K?  So if you bought a monster box you would need the price of spot to double just to cover the cost of the safe and return a small profit for your hard work!!!!!!!!! 
    Shipping once you try and sell it how are you going to off load it?  500 sales of 1 oz rounds on eBay (that's a lot of stamps to lick)?  Or post and insure the monster box to your LCS at more expense reducing profits further, most of us don't have a LCS around the corner. 
    Shipping is an important one, as for most small "stacker" the postage they end up paying for buying in small amounts over the years will wipe out any profits they make over time, once you include every single cost.  
    I could be wrong the wallstreets bets lot could bump spot to 500%.................Who would buy silver in that scenario? the dealers?  I very much doubt they would offer anything close to spot value.  You get your monster box out of your 1-2k safe, fly down the motorway to your closest LCS only to find the longest queue in history with people trying to collectively sell hundreds of tons of silver to the dealer.
    All for fun folks! 
     
     
     
     
     
  21. Like
    TringSilver reacted to HawkHybrid in Newbie - strategy advice please   
    I vote sovereigns
     
    HH
  22. Thanks
    TringSilver got a reaction from Epictetus in Where can I buy some silver in London?   
    Sharps Pixley are in St James 
    Hatton Garden Metals and Baird Mint are in Hatton Garden
    All 3 are well respected and I've used SP and HGM with no issues
    All of them sell 1oz silver and bars
    DYOR though as they will all be £30+ an Oz for coins and rounds at the minute. 
  23. Like
    TringSilver reacted to sixgun in A couple Qs regarding grade C sovereigns & best bang for buck coins for someone looking to buy gold in the UK.   
    Why not give Chards or whoever a call. Tell them what you are looking for.
    Ask if they have grade C in stock there and then - ask if you place an order right there and then, do they have stock to fill an order of 5 sovs?
    If the answer is we have plenty in stock right now, then you know where you stand. 

    There was a member who placed an order with Chards. The member had to wait - a lot longer than he liked. He posted a thread. There were a lot of opinions.
    Personally i side with Lawrence Chard here. i don't buy with money i need and i don't sell. So if i have to wait a month, 3 months, 6 months, a year - as long as i have locked in the price and i trust the dealer then there isn't a problem for me. It turns out to be a nice surprise in a few months time. 
    As mentioned here, a member has got what they consider nice coins in the grade C category from Chard.
    As also mentioned here another member suggests you will have more of a problem selling a lower grade coin. This is true.

    Personally i would go for better coins but at the same time i have got some really nice coins in what one might call the lucky dip section.
    Always, always think about the time you would sell the coins before you buy. If you are going to be disappointed with a coin it will most likely be when it comes to sell it. Disappointed you had to sell it or disappointed you can't sell it for what you had hoped to.
     
     
  24. Like
    TringSilver reacted to HawkHybrid in New to Gold and worried   
    it should read £3000(£15300-£12300) taxable at whatever the cgt rate is.
    also your cgt allowance is shared across all cgt applicable assets for that tax year.
    ie if you've already used up all of your cgt allowance by selling your house that year,
    in the above example, then all of the £15300 is above your allowance and cgt taxable.
     
    buying bullion gold sovereigns would make the accounts nice and simple.
     
    HH
  25. Like
    TringSilver reacted to BackyardBullion in New to Gold and worried   
    Oh yeah, sorry I worded that wrong, probably the painkillers I'm on tonight for my dislocated Knee 😉
    I forget the rates but it is based on what tax bracket you are in.
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