Richym99

Recently purchased a 2007 proof full sovereign off @ChardsCoinandBullionDealer and read the description of the changes to the reverse, which makes it another unique sovereign. (2008 they made further changes).  

https://www.chards.co.uk/2007-gold-sovereign-elizabeth-ii-proof-london/303

Thought it would be interesting to offer the comparison they made between the 2000 and 2007 visually.

With the price of gold predicted to rise sharply, I have made the effort to buy as quickly as possible to start off. Buying as many sovereigns now as you can afford to buy will get you the highest return on them in your timeframe. If gold price plateaus, say in a couple of years, any you buy after then may not show the same return.

Sadly, the likes of you and I are starting at a time when gold prices are already high compared.   

11 hours ago, CaptCaveMan said:

Well done @Dougall1 👍

I picked up my first Sovereign in mid April... I'll be getting a forth later this month, getting closer to 1oz of the shiny stuff... eek, it's a slippery slope 😎

I bought my first in Mid March. My next will be my 40th. 

And you think you have a problem. 😂 

10 minutes ago, asemp said:

It seems as if I opened a can of worms ?? 

That was not my intention, I just wanted to be assured that I did the right thing, besides I would NEVER sell these to a dealer for spot (that would make me violently sick!!!)

 I called Rosland  !! basically It's a  three to five year investment where they can (if you want to ) sell it for you, and you get the profit (for a fee of course ) as we all know gold is going up, and 2022 looks like an interesting year for gold. I really don't mind sitting on it for a while, that is the whole purpose of buying precious metals !!

After all, I  did purchased it as an investment. I really wanted something solid like an 1oz, but that came later.

 

Thanks for the advice and the links 

I'm sorry to that sounds like a complete fob off. They've basically told you to go away for three to five years and then they will sell it. I bet they will make no guarantee of a profit though, but you can guarantee that even if they sell at a loss, they will still take their 10% or whatever they take. 

Gold has gone up £400 an ounce in 5 years. At the same growth rate in five years time you will be looking at £450 sovereign spot price.  

On the bright side, at least you didn't go for their 2019 MS69 sovereign which looks remarkably like a Britannia , weighs 25g and costs £2000.     

5 hours ago, LawrenceChard said:

Why sell at 4% discount when you can get spot?

That wasn't a suggestion to the OP Lawrence. Merely an ilustration of how much better selling on here would be for him.  

Of course, some companies may offer more generous terms. 😉 

The  only advantage I can see is if you want them graded you can guarantee they haven't been handled. 

The real downside is that they scratch easily. 

I would sell on ebay now, but occasionally you get something you can make something of. Agree though that Ebay have shot their bolt with the latest grab for fees. They make it sound like a benefit, but the reality is that removing Paypal still increases their take by two percent of selling price.  

Definitely could do with better images. The better the image, the more info you give buyers as to it's condition. With those, you can barely tell the year. 

A camera that will take macro images helps.  

Talking to the owner of Bullionforless in Cardiff the other day, he revealed that he sells unspecified (ie lucky dip) sovs for about £345, but buys at 4% below spot. I suspect most will be similar.  

Noticeable the prices the full sovereigns were going for today. I can't recall any going for below £380 that weren't condition compromised.  

Sell on here without doubt.

If you ask a fair price, you will get exactly what you ask. I sold a 1912M today for £335 inc Spec Del. 

Go to a dealer, you are unlikely to be offered more than a couple of percent below spot. Unlikely more than £300.

Put it on ebay and to get £330, you will have to sell for about £380 to cover the fees of about 15% final sale.

Alternatively, put it in an auction with 10% sellers fees and cross your fingers, while waiting several weeks. 

Thanks for putting this out this morning. I had no idea it was happening, but found one sov I was interested in, and managed to get it

47 minutes ago, Heirlooms said:

Jewel in the crown, the 1859 Ansell. Those who have heard the story know that its a pretty hard coin to get hold of and in good condition. Been after one of these for a long time (thank you @CadmiumGreen for the inspiration), finally picked one up. Lovely coin, centrepiece of my collection. It has a relatively old NGC label so will send it off to get it conserved and regraded as I think it could achieve a grade a little higher

Beautiful coin. I can finally see where the additional line on the ribbon actually is. I bet it set you back a pretty penny mind.

I was told by Louise at Coins of the Realm that the turn around is generally about six weeks when I submitted coins for conservation and grading last week.

You should know how they have been graded before that time.

If you go through CoR, they do all the leg work for you.

3 minutes ago, AndrewSL76 said:

The picture is a 2014 sovereign. I have a few 2013 sovs. Bought them last week from Hatton Garden Metals for £321 each.................people actually fall for this carp (thanks for the language pointer @LawrenceChard)

I didn't even notice that. Mind you, it doesn't matter as they charge the same for all the EIi bullion sovs, or any others for that matter.  

We've all been undercharging for our sovs, obviously. If only we could sell gold coins @ £3,825 per oz. But buy at £1,346 per oz. 

https://www.windsormint.co.uk/2013-elizabeth-ii-gold-sovereign-uk-2460041?number=UK_2460041

Personally, I don't recommend this deal. Notice the wording that this is a "rare" chance to own a 2013 sovereign.   

At least with the NGC, you can get assistance and advice, plus a reduced rate as a TSF member through Coins of the Realm.

Just gone back through $1900 US. 

When I started looking at gold prices not 3 months ago they were talking of gold dropping through $1700 and carrying on down.  

1 hour ago, Touvex said:

Fair point - this train of thought and criticism I agree with 100% - I just felt there was a lot of hate directed in the wrong way.

No worries, but I would have to disagree about the use of the word hate. To my mind, it is calling into question disreputable trading practices to highlight them for the less knowledgeable. To put it into context, imagine a relative of yours proudly showing off their "new" shiny 2020! Gold sovereign to you, that the salesman had said was a wonderful investment and a gift for the grandchildren or as part of the inheritance. Would you have the heart to tell him or her that what had been bought was only worth £315, when you see that they had been sold this and price they had paid. 

https://jubileemint.co.uk/sovereigns/sovereigns-queen-elizabeth-ii/the-united-kingdom-s-new-2020-gold-sovereign.html

Probably 90% of the population have no idea whatsoever about the value of gold, or even what a sovereign looks like. They rely on the honesty and integrity of salesmen. Sadly, their trust is often misplaced because of the greed of certain companies like H&B and the one linked above, who trade on people's naivety. 

36 minutes ago, Touvex said:

Just got mine today too, had a chat with a nice guy on the phone yesterday - he tried to sell me a proof but i politely declined.

I feel we are vilifying these guys a bit too much without them being here to defend themselves - I know we wouldnt like it if we were in thier shoes. No one likes being talked about in such ways behind thier backs.

We know it's a marketing move, nothing is free in this world, so buying at below spto does come with them trying to upsell on the phone, I'm OK with that...

I for one, I'm grateful we can participate in this deal - i hope other dealers will do deals like this too!  

THanks @Coolsmp!! And thanks to H&B for the great deal!

Lets be possitive, grateful, rather than hateful.

Fair enough. You love it because you get a nice cheap but of gold at spot price and can put up with a bit of shill from their salesmen. But remember, we are not their target audience. Those phone calls and marketing leaflets are aimed at those who know absolutely nothing about gold collecting whatsoever. They are the more elderly with cash to spare. They offer their proof coins at exorbitant prices on the basis of them being a "great investment and something you can pass on to the Grandchildren" (The exact words that were spoken to me by one of their salesmen.

My mothed's parther, who is 88, gets almost weekly flyers off them, offering great deals on coins, issued against remote islands like Tristan da Cunha, for many times the intrinsic value and with hardly any resale value, like £300 silver proof piedfort coins I bought on ebay second hand for £100. Great investment indeed. Fortunately, he had the common sense to say no.  

So yes, it might be good for us, but I bet that for every sovereign sold to us, another is being soldnto somebody totally unaware that they are about to become a target for what is effectively a marketing scam.         

10 minutes ago, LawrenceChard said:

Maybe you were phoned by a boilershop telesales company, and the salesperson forgot which comapy he or she was supposed to be calling from!

Victoria jubilee head sovereigns, random date and grade, for £795 - That's probably even more expensive than from the Royal Mint. 🙂

I didn't speak to them originally..I was not in a position to answer my phone, which showed up as Jubilee Mint on the caller i.d. I just redialed when I was free because I wanted to know where they got my number from.

As far as there prices, it's worse. £795 for Edward VIi sovs too. Bullion 2021 for over £500. 😮

34 minutes ago, LawrenceChard said:

You could try asking Jubilee Mint how and where they obtained your telephone number and / or other details. In writing would be better than by telephone.

I believe that Harrington & Byrne is owned and run by ex Westminster employees, similarly Jubilee Mint, CPM (Coin Portfolio Management). Most of these are clustered around Bournemouth or Poole in Dorset, although H&B show a Mayfair London address.

The misleadingly named London Mint Office are not a mint, but a subsidiary of Samlerlhuset Group, the biggest coin marketing company in Europe.

Don't confuse London Mint Office with the London Mint or the Royal Mint.

Harrington & Byrne recently did a leaflet drop offering. The leaflet gives the impression that it is an official document of some kind, headed "National Household Notification". It takes quite some time to discover that the issusing authority is Alderney in the Channel Islands. Most casual readers will quite reasonably assume that it is an official United Kingdom coin issue. Many TSF members will probably know that I dislike misleading advertising.

Thankfully I am well familiar with the relationships between them.all, and their lack of any connection to.tge Royal Mint. I have a similar dislike of their tactics, which is why I gave them no quarter when I phoned them. Despite them claiming not to have any record of me on their system, it is obvious I am somewhere. I have told them to check their call logs from today and delete it or else. It is sickening to see them offering things like Victoria jubilee head sovereigns, random date and grade, for £795. Only those who have no idea what they are buying would fall for such "deals".

Maybe a coincidence, although they denied it anyway. I had two phone calls this morning from the Jubilee Mint in Bournemouth. They are pushing a new Alderney proof gold £1 coin on behalf of the RNLI (8gms, 995 minted, yours for the very reasonable sum of £995)🤣

The only place I can think that they got my mobile number was from H&B ( without my consent of course) since I have never done business with any of the Jubilee, Westminster, Commonwealth or London Mint companies, but H&B sell the products from them all.

I shouldn't get any more calls after the conversation I just had with them.     

13 minutes ago, Coolsmp said:

Received today from Harrington and Byrne, only ordered on Sunday night from their flash sale so very quick delivery.

"Congratulations. I wonder if you are interested in buying one if our 2021 proof gold sovereigns. A wonderful investment at only £899, or maybe the piedfort proof 2017 at £1999. Super cheap."

Expect a phone call.