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stataman

Silver Premium Member
  • Posts

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    United Kingdom

Posts posted by stataman

  1. Numismatic market much smaller in UK than USA therefore can get quite a large spread in prices. I think you did well getting £800 - researching through past auctions I would have expected around £650. But lets be honest - the auction house did the best collecting 26% fee for someting they don't own! Great business.

  2. 2 minutes ago, Paul said:

    Did you know that everyone here who owns more than a 1g bar of gold holds more gold than the entire central bank reserves of central bank of Canada 

    They have plenty of gold in the ground though.

  3. I'd buy british gold (sovereign or gold britannia essentially) at the lowest premium to spot. Would hunt around on the forum buying here and there or dealers when they have good deals. It's surprising how quickly you can spend £20k.

  4. On 25/11/2021 at 11:44, BackyardBullion said:

    We have had a bunch recently, all sold VAT free at about 20% over spot price.

    I don't have any right now though.

    VAT free at about 20% over spot 🤣 . I remember there was some discussion a while back about adding VAT to gold in the UK. Thank goodness it never happened.

  5. 2 minutes ago, CaptCaveMan said:

    😂 Just before I took the dog for a walk SWMBO came home from work and I told her I've been invited out to London...

    ...London, can I come?

    Sure but I'm not sure you would enjoy it.

    ??

    It's a coin fair.

    🙄

    Fully get you. Then they get a bit upset when they're not involved. I usually announce the news of a fun alone/boys trip a couple of days before. Seems to work better that way.

  6. I'm thinking of heading down to the London Coin Fair in June. Would be good to meet up with members on the forum for a beer or coffee if people are up for it. Nice to put a face to some like-minded members. Perhaps trade a few coins as well. Looks like @1stsovereign and @SVcollector have stands there. 

    Anyone interested?

    Planning to meet at 3pm in the bar area of the hotel. Those who want to stay on can make their way to the nearest pub afterwards.....

    It's called 'Junction Bar' in the Holiday Inn Bloomsbury, Ground Floor.

     

    https://www.coinfairs.co.uk/events/london-coin-fair-2-2022-06-04/

  7. I have one platinum 1 oz britannia. Very interesting to own and hold as it feels much heavier than silver or gold 1 oz due to it being a denser metal. But I think with the VAT on top it's not the best thing to collect in the UK. If you want to liquidate, the dealers will give you spot and not add on the 20% premium. Selling privately is the only way to get your 20% back. I know it's sacrilage but the best way to buy is in a platinum ETF which I may consider as platinum in relation to gold price appears undervalued in my opinion. 

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