27carrots

This is why you need to be careful with silver.

A coin that costs £40 when spot is £20 isn’t a coin with a 100% premium.

It’s a coin that costs spot + £20.

When spot is £100, it won’t be worth £200.

More like £120 if in perfect condition or spot if not, regardless of economic conditions.

Ah of course.

Thanks

On 02/04/2024 at 13:59, BackyardBullion said:

THE FOLLOWING IS NOT FORMAL TAX ADVICE, but my own interpretation of the rules. 

Thats assuming you make that much profit per bar.

Its the profit on the capital not the total value that makes a difference. 

If you bought 100x 1g bars at £55 each and sold them all for £65 each you make £1000 profit and do not have to even declare the gain as it is below the threshold.

If you had 100x 1g bars bought for £35 a few years ago and sold them for £75 each then that would be a £4000 gain. You would need to declare it and you would pay tax on the £1000 above the allowance. 

Does anyone know what happens with non exempt coins when you die?
Let’s say you buy a krug for £1000.

Then you die and leave it to someone when it is worth £2000.

Then they sell it when it is worth £3000.

How much “gain” is taxable here?

Are these still available?

i’d like one if so.

1oz britannias came out when spot was about £3 so £2 was the appropriate amount.

If they released a 1kg coin at the same time, they would have made it £50.

They would never work as real money as the singles have to have a few pounds premium and so the 50s would need a premium 50 times bigger to be worth 50 singles. They are just collectibles really. I collect the singles as they are worth having but I don’t think you could get the value back reselling the larger denominations in the future and so it’s not worth it for me personally.

I think after the israel conflict ends it will quickly drop back to £1500 temporarily and then keep going back up steadily. There’s still too much inflation.

Can you add me to the ballot, please?

On 13/10/2023 at 16:17, 1moreoz said:

I just got in about to buy a bunch of golf and price has shot up a good bit 🥲 will wait it out till next week now. 

Next week will be the worst time to buy. The price is gonna shoot to £1700 at least but will drop back to £1500 once the war is resolved in a couple of weeks. I’d wait until then.

It might be fun to collect a 1g bar but i wouldn’t get anything bigger. Not even a tenth. If i wanted exposure to palladium, I’d get an etf. The problem is you can’t buy physical when the price drops like a stone and you cant sell when the price spikes. I seem to remember when morezone was selling his stack, he had to sell his palladium 1oz for £200 under spot because spot was high at the time.

Gillicks for 12 over spot 1-4 or 10 over spot for 10 plus. Bizarrely way overpriced for 5-9 at Tavex.

I’d say just full sovereigns. You can sell 100 in a day or two, easy. But I bet it would be harder to sell 100 1/4 coins. I think the problem is they are all recent years so no one cares about the dates. If you build up a large number of sovereigns with different years, people will buy all the dates they don’t have.

Yes pls

Robin Hood now 902 at bbp.

Even I’m thinking of getting one.

box of 20 pls

On 30/04/2023 at 23:18, DrKarlMoneys said:

Unfortunately safety deposit boxes aren't as fool proof as they should be-there have been cases in the UK of contents going missing and the bank shrugging their shoulders.

Then there's incompetence on the part of the bank.

Quote

A bank customer who claimed that Barclays had lost his safety deposit box containing £190,000 of family valuables has been arrested on suspicion of fraud.

Insurance boss Tahir Khan and two women, aged 22 and 30, were questioned.

The first one was trying to scam Barclays, lol.

100 pls

2003 pls

Can I have a box of 20, please?

Bedtime for me. £1700 when I wake up I bet.

23 hours ago, Britannia47 said:

Proof Sovereigns were £149.95 from 1983 - 1991. The 1989 4 coin set was £1150. Oddly enough, the price of the Sovereign dropped slightly to £149.00 from 1994 to 1998 something to do with VAT I believe! - I bought my 1989  4 coin set on the secondary market for £850 in 1997. Just for info.😀

If this is right, the 1989 4 coin set doesn’t seem like a good buy after all. £1150 then is worth about £7650 today considering gold spot. You can buy one today from a dealer at only £100 more than that. Not much appreciation for supposedly the most in demand 4 coin set of all time.

I remember last year someone was selling a 1973 IOM 4 coin set on the forum with original receipt for about 10% premium. The original buyer paid about 280% premium. Oops.

Methinks proofs at original retail are only a good buy if you are short term flipping.

4 hours ago, CollectForFun said:

Mint mark "A" is not a problem as it is a well documented mint mark for this coin, although also I was unable to find any information on which mint it denotes. My guess is that it could have been temporarily used for Medellin, or that it's the mint mark of the Paris Mint, which is known to produce other South American coins around that time.

Photos of a very well preserved specimen for comparison purposes e.g. here https://americanhistory.si.edu/collections/search/object/nmah_1139397.

A is in different place.

1 hour ago, codenamedtango said:

The ASA said Brewdog told investigators that a single 330ml can, made with the equivalent 330ml of pure gold, would have a gold value of about $500,000 (£363,000) at the time in October 2021.

It would have been harsh to make them pay out based on 330ml of pure gold for each can. Even with the "can of solid gold" description I'd expect a hollow can using the same volume of metal as a regular can. I guess that would be worth £15k.

yeah i was thinking that's a good thing

1 minute ago, Paul said:

did anyone notice there is no year on the coin