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papabearxxx

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  1. Hi there guys. I am new to buying metals, so please be kind if what Im asking is irritatingly noobish. Im based in the UK, and want to turn some of my bank digits in to physical wealth in the form of gold with the intention to hold, not to regularly buy and sell. At the moment, I plan to start off with buying 5 full sovereigns from a reputable Uk website..... But the thing is, they have 3 options. "Mint", "Secondary", and "Grade C". Minty = £309.27 - Gold weight 0.235 Troy oz Secondary = £308.38 - Gold weight 0.235 Troy oz Grade C = £297.49 - Gold weight 0.2328 Troy oz Intrinsic value £294.54 Im not bothered at all from scratches and dents as I quite like it when coins have these, it gives character and makes you wonder about their pasts. Furthermore I won't view my gold purchases as an investment for money making purposes, but purely just for wealth protection. So....... 1. Am I best off going with the grade Cs - If I were to change them back to fiat in years to come, will they really undercut me big time because its dented etc? - They will afterall have at least more than 0.23 oz of gold inside them. (Note: I did say I do not care about profiting, but at the same time I would like value for money) 2. Would sovereigns even be the best way for me to go - Being not fussed about CGT, are there non-British coins out there with better premiums and bang for buck that I can buy and sell as close as possible to spot as possible? Any responses will be kindly appreciated! Best regards, O.
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