CaptCaveMan

Even though a SW fan, a pass from me.

Would love to bugger off and go roaming, issue is kids...

Cheers for the feedback @HonestMoneyGoldSilver Yes, a great position to be in... I can see BoE continuing above 6% and suspect we will be at 6% by end of year as only x2 1/4 point increases over the remaining months. I'm not certain it will drop back to the 2-3% range within 5 years as I can see the 'current' crisis being a slow burn with global govn't interventions trying to delay/stave off. With options 1 & 2, as long as there are no additional penalties in paying off early i.e. staying within the permitted 10% per annum of original loan, a 10-year fix could actually be a slightly better rate as we will still pay it off within 5 years with existing overpayments on top. Funds are currently tied up but timed for release/flip at re-mortgage, we planned for this scenario just incase. I'd be surprised if interest earned could match rates hence considering an offset although hadn't considered a mortgage increase if needed but to sell some assets... food for thought 👍

Looking for a sounding board, our 5-year fixed expires in Q1, 2024. Currently we have a 15-year term. I'm making monthly overpayments which I increase annually, this is enough to offset the rate hikes. We also have funds which could nearly half the outstanding... Options: 1) Pay down lump sum and reduce term to 10 years, reducing our min monthly repayments. Sign up to a 5-year fixed but keep overpayment plan at current rate so clear within ~5 years. 2) Same as above but sign up to a 10-year fixed (lower rate), cleared in under 5 years though need to confirm no penalties. 3) Switch to an offset keeping 15-year term and savings available (if needed) until enough to pay down and clear mortgage in ~7 years. Option 2 is the quickest route to getting rid of the noose but I'm curious about option 3, funds remain available (if needed) until we clear down in one hit. Before you say it, yes I could offload the stack also but prefer to keep this for the kids or a VERY rainy day fund...

We all keep buying the shiny stuff for multiple reasons. Spot goes up, sideways and down, what ‘investment’ doesn’t? For me, as long as I don’t need to sell, it’s savings for the next generation as easier to save than fiat and provides me the enjoyment in collecting. I don’t have a large stack and may have none due to that unfortunate boating accident so buy when I can, when we have a dip I try my luck… We have had a few years of exceptional circumstances which appear to be coming home to roost, globally. imho I expect it to drop back in the medium term once the dust settles. At the end of the day and in the current climate, we’re not doing too badly in making that next purchase be it at Wonga’s prediction or an ATH.

If I wasn't spent out due to the Coronation Sovs I'd be biting... GLWTS

Below £1,500...

I haven't seen anything but suspect they'll be the standard 2, 1, half and quarter Sovs as these are TRM 2023 bullion Sovereign's, abet only ~6 months...

1,500... Woohoo! I might be able to get some 2023 Bu Sovs at this rate 😆

From someone who can only dream to own one of these sets... for what it's worth... IMHO if you have the Platinum Jubilee and Memorial sets also, stick rather than flip.

... Hope it keeps dropping 🤞 I might be able to afford some 2023 Bu Sovs when they arrive 😎

Looking at the last five years, it's not even a dip yet...

I first went with COTR as they offer NGC Grading services as they are the TSF's Official Grading Partner; As @Chrisplym @westminstrel @dicker and @JamesH mention, I've also always found them professional, friendly and helpful - especially for a relative newb like myself. Louise always explained the processes involved and keeps you up-to-date on status, so much so that they have been my go to with recent RM releases as they often receive a small allocation from their supplier and to-date all I've purchased via COTR have graded 70. My first dabble at auction recently was also with COTR as I've been super happy with their services and with TSF memberships you also get tiered buyers and sellers discounts; Yes, they have reserved prices, it's often worth reaching out after the auction to see if you can strike a deal. imho loyalty works both ways.

For me, Sovereigns (bullion) are perfect for annual exemption.

Wait, what, there was a dip? 😆

I've always been a collector/obsessive person of sorts, similar to you @Sy007 and have a few collections of bits 'n pieces but have always wanted a little bit of gold since who knows when but with finances, family, mortgage etc. the usual things in life I never did it and only started ~2.5 years ago. I can't save for sh$t and always grafted, I've struggled to get where I am today - multiple jobs to save a deposit in my teens/twenties, weekend jobs when the kids were younger and more recently a seasonal job with my lad so he could earn some money and it saved me multiple trips dropping him off and picking him up which also put a little extra in my pocket. I watched YouTube, googled and read up before deciding on 1oz Silver Brits but soon realised I'd missed the boat with VAT now added on purchases in the UK, another 20% on top of the premiums... I could however just about afford a regular Sovereign at the time. My reason/focus are my kids. I don't want them going through life in a similar vein and still having nothing to show for it as no way will they afford a mortgage unless the bank of mum and dad can help, at the same time I'm not going to hand them anything on a plate... if they can save a deposit, I'll match it so it becomes affordable. Oh, I turned 5.0 this year, so started at a similar age, perhaps a bit older... Our only debt is our mortgage which is decreasing nicely with overpayments. My Silver stack is a similar figure to where your at now but the Gold 'savings plan' I've started and added extra to when funds allow has built up quickly in that time. I've spent the 'fiat' money, it's long gone but the real money, I haven't touched and the collector/obsessive person in me wants to finish what I've started - win/win.

I've heard ~£725

I've always wondered if Charles would pass the on batton aka Crown early 🤔 Ditto on the SOTD for Charle's 75th B'day - mainly as I'm only after the key dates/kids birth years in Proof, then it's focussing back on the date runs for them... ruddy kids costing me a fortune 😆 One day I might be able to look at the Georgian era...

Totally agree which is why I went all in (as much as I can afford). I won't reap anything financially (hopefully) as I plan to pass these onto my kids but owning them is another matter! Hopefully I'll be around for the next key design in 15-20 years...

If the 2024 is the standard design I'll pass. I've spent alot more than I should on these keys dates over the last couple of years to the detriment of my monthly bu purchases.

Cheers @Delphis really appreciate yout time 👍

Appologies if in the wrong sub forum. Now that I've been stacking coins for a little while, I'm now looking around as to what else we have stashed away in the house that I should be documenting and came across these that my father-in-law gave to my wife when her mum passed. Currently I don't have a device that can weigh them they exceed the weight of my digital scales they measure approx. 10cm x 10cm I've found a couple of markings but am having no luck identifiying them as fairly worn 😞 If anyone can help shed some light I'd appreciate it!

I don't think they will be hard to sell but the current prices may well drop as the FOMO crowd move onto the next set of releases. Longer term they will remain boyant imho.

Sounds familar! I'm searching the sofa's for more change 😆

Welcome aboard!