Goldtion

7 minutes ago, sovereignsteve said:

current spot price for a sovereign is £363, scrap would be a few % points less

OK thanks for the info.

3 minutes ago, sovereignsteve said:

Make a listing in the "for sale" section at a price that similar bullion coins have been recently selling for (say 4 - 5% premium) , or just let me buy it for spot😉

OK will do, what is the current spot price ?

When you say spot price do you mean the cost to buy 1 x Sovereign, or scrap value of gold ?

1 minute ago, sovereignsteve said:

yes

What are the next steps ?  

Also what price ?

Is anyone interested in buying my 2021 Gold Sovereign ?

Thanks all. 

Hello All

Its been a while since I last posted here. How much could I expect to receive if I was to sell my 2021 Gold Sovereign today ?

Any forum members interested ?

Thanks

4 hours ago, Stuntman said:

Welcome to the club @Goldtion

Buying a current year sovereign is always going to be a sensible decision.  Low premium versus spot, easy to liquidate and not prohibitively expensive for many.

But you will LOVE how a 1oz 999.9 gold coin looks and feels.  Choose carefully - or be prepared to empty your bank account over the coming years to buy more of them!

Can’t wait to buy a 1 oz , in my head I just want to buy a few coins , but only time will tell how many I end up with.

As others have mentioned it’s expensive and addictive, and one thing that got me into it was seeing a tv programme about people selling their items where some people have coins passed down from family members or inherit them and they are clueless about the value, but pleasantly surprised when give a wad of cash

4 hours ago, LawrenceChard said:

You don't need to work it out, we quote the intrinsic sovereign value here:

https://www.chards.co.uk/gold-price/gold-price-per-ounce

 

Thanks for the info. Good to see people from the company on the forum too 👍🏼

5 hours ago, evende said:

As no ones else has…..try the sales section on the Forum. You’ll find sovs for a bit less than £319 and a lot of variety. Enjoy 

Thanks for the info 👍🏼

@Richym99 

Thanks for the detailed response.

it sounds like a good plan. Since the pandemic started I thought gold and silver would be priced a lot higher than what they are at present. 

2nd day of coin ownership, and already have the urge to buy another. I’ll wait first and look around to see what is out there ....

Just wanting a better understanding if I may 

so the sovereign I purchased for £319, how much is the gold value alone worth in the coin, I see it’s 22crt and had 7.988 grams. How do I work that out ?

and regarding premiums if I was to sell this coin now, not that I want to , will I get £319 back at least or will it be substantially less  ?

40 minutes ago, manolitolondres said:

Hi and welcome, I'm new here as well since february. You'll see that the 1 once Britannia is quite impressive compared to the sovereign, color and size. 

Since February, I bought 8 sovereign, 1 once britannia, 1 once panda, 2 napoleon, and 2 roosters. It is indeed very addictive hehe. Next, I'm looking for an American buffalo, they look great  but the premium is quite a lot

Nice , as I mentioned in the post above I’ll look those coins up and seem what they look like .

yes the colour and size of the 1 ounce Britannia is lovely.  I have not felt it in my hands though.

1 hour ago, Richym99 said:

Not all. My first purchase was a set of 12 called the 3 Monarchs. (4 Queen Vics, 4 Edward VII and 4 George V with one each from London, Sydney, Melborne and Perth mints).  There were two 1911 coins in there, the earliest an 1895M. I have since picked up another 1911 and a second 1913 as well as two 2019, but the majority are different years. 

I'm collecting to supplement my retirement pot, so duplicate years are less important.        

Sounds great. I’ll look those up to see what they looK like. 
 

re supplementing the retirement pot, will you be selling the coins at that time or only if the need arises ?

WOW !! 2 months and you already have 23 sovereigns.

Are they all different years ?

Thanks all for the welcome 😎

@Shep

i suppose it’s due to being a total beginner, and not having handled gold coins before. Handled gold Jewellery before, and also not being too clued up about weights either . For example when someone says this watch has weight and seems genuine, it comes from experience.

the size, I thought it would be a lot larger for some reason. I could easily mistake it for a 1p coin.

The colour has been covered on other posts, and funnily I showed my mum who said why is it not yellow Gold in colour 😂

Next one I am looking at is a 1 ounce Britannia.

the Indian gold I will get valued and sold ASAP. 

I am really really surprised at the size and also the colour.