muneeb

On 11/08/2021 at 21:42, modofantasma said:

Most dealers have an option to purchase "best value" or "random date" gold sovs on their websites. These are typically the lowest premium.

They are just bullion coins sold for their gold content and unlikely to be a special collectible rare date (although I guess you never know) many people in here will happily stack bullion sovs all day. One thing to note is some dealers have another section where they might sell 'low grade' sovs which might have been mounted or damaged significantly, they might be a tiny bit cheaper still but I'd personally not buy these. 

Equally if you want a nice modern shiny one best bet would be to buy a 2021. 

Hi there,

Thank you so much for your help and guidance!  I’ve seen the best value ones but I don’t want a random sovereign. 
 

Do you see potential in the 2021 Sovereign increasing over time? 

regards

On 11/08/2021 at 21:25, Gordy said:

Look on the compare tab on here, Gerrards currently have them for £318.00 plus small change

Think I missed out on that now🤒

2 minutes ago, Liam84 said:

Unless OP meant half Sovereign? You can get bullion half sovs from £160ish, £250 would bag a proof/low mintage/vintage collectible example. Keep your eye on the trade section, plenty on there.

Yes, I mean full and half. Anything good as a first time purchase. Thank you for that:)

10 minutes ago, Murkt said:

With the gold content of a sovereign being 7.3224g, and spot currently at £40.62 at time of writing (total £297.44), you would will be very unlikely to get a sovereign for £250. Try tracking the cost of gold here (or similar) https://www.gold.co.uk/gold-price/week/ounces/GBP/ and identify where you can buy for a decent premium over spot.

Saying that, if you do find sovereigns for £250 let me know! 😀

Thank you for that, have edited the budget to £330. 

7 minutes ago, trp said:

This is almost £50.00 under spot. £315.00 may be slightly more reasonable. 

Thank you for that, all new to this. So don’t know nothing regarding costs or anyhting.

Hi,

Hope everyone is well. I am looking to purchase my first sovereign coin🤞. Prefer for the coin to appreciate. My budget is around £330 max. Not sure if I need to increase my budget or will I be able to find a good sovereign within this price range?

Any suggestions on what to buy for a first time buyer?
Please mention your first purchase too, I’d be interested to know!

Regards

Muneeb

20 minutes ago, EdwardTeach said:

Now is a great time to invest in gold. Personally I'd be looking at Britannias or Sovereigns as they are well recognised and easy so shift when it comes to selling them.

I’ve been looking at sovereigns , any

particular ones you recommend?

23 hours ago, dicker said:

“Cheap” doesn’t really exist in PM terms.

Close to spot does but it’s a very tight market in terms of spread, hence you will not be able to arb your purchases across different sales venues.

Best

Dicker

Makes sense, thank you so much!

22 minutes ago, SilverJacks said:

It's because you mentioned the importance of £10 to your side of the deal and perhaps accidentally implied that you weren't considering the importance of £10 to the seller.

I can see your main point to the topic is that you accidentally raised your offer when a lower price was already agreed. Kind of like a Trigger moment off Only Fools And Horses 😂

 

Lesson learned either way. Always stick to a deal. The seller was kind enough to let you off, although they didn't have to because it was your mistake.

Yeah made a silly mistake🥴, yes. Thank you:)

14 minutes ago, Bigmarc said:

If £10 matters then wait for the right deal to come up.

It was the right deal, hence why I got that £10 back and we agreed on the purchase. Just waiting for the goods to be sent out.

6 hours ago, Jvw said:

I think you need to figure that out yourself. I can not help you with your personal taste really. You can buy bullion sovereigns close to spot or rare high graded ones. Did you read up on them? : https://www.chards.co.uk/blog/numismatic-information-and-coin-collecting-guides/a/sovereign

Going to read on this today! Thank you:)

9 minutes ago, LawrenceChard said:

... and it does not matter to the other person you are trying to screw over?

Your comment also carries the clear implication that the other person does not matter either.

Perhaps you should have used a noun instead of a verb as your thread title. 🙂

The other person does matter, of course he does. I don’t treat people rudely and my parents have always taught me to respect others.

Also I did let him know it was up-to him if he wanted to return the extra money as it was a mistake from my side and he was kind enough to return that money. 

9 minutes ago, SilverJacks said:

In fairness, I think the OP has learned two valuable lessons here and has actually made this thread worthwhile.

Firstly, always follow through on your agreement. Whether buying or selling, it is vital to stick to your word.

Secondly, be careful starting topics. I'm sure this one is regrettable, however well intended it may have been. 

Yes, two lessons well learnt! All new to the forum and it was my first purchase on this site. 
 

Know what to do and look out for next time.

6 minutes ago, LawrenceChard said:

I agree that there are two valuable lessons here and it has actually made this thread worthwhile...

but..

I am not convinced that "...the OP has learned..."🙂

Haha, why’s that🤨

4 hours ago, pricha said:

Well i can only speak for myself , as a useless saver and investor my Sovereigns have made me "comfortable"😉  , without the gamble of trying to get rich .  Stacking a nice Sovereign , cost averaging over the years will certainly make a poor man comfortable. And best of all , the Government can't get their hands on it when the bill for Barmy Boris mad spending comes in.     

Interesting , need to get into sovereigns after some research!

37 minutes ago, LawrenceChard said:

Some of your comments seem confusing, confused, or both, but the above seems crystal clear.

You agreed a deal (contract) at £445, then you freely admit that you tried to renegotiate the price downwards in your favour. This is not an ethical or acceptable way of trying to transact business in the UK or most other civilised countries, although it may be standard practice in some parts of the world.

Is your honour or reputation really worth as little as £5?

You would only ever pull a similar trick on me once, ever!

🙂

Was a £10 difference in the whole thing, and every £ matters to me!:)

8 minutes ago, Jvw said:

I was about to say. A title which says IGNORE begs for hits.  

🤣🤣

6 hours ago, SilverJacks said:

Perhaps start a new topic. "Advice on First Sovereign Purchase" or something like that. State your budget, preference for it to appreciate, and ask for suggestions.

That could be quite interesting, what sovereign people might choose if it were their first time purchase...

 

Think that will be my next thread! Thank you!

2 hours ago, dicker said:

Hi @muneeb Folk are always happy to ask questions but it might be worth you using the forum search function for questions like:

- What books on Sovereigns are there

- What Sovereigns should I buy

These and many other questions are tackled almost weekly - you may get a faster answer to your questions in this way.   

Best

Dicker

Hi there,

Thank you for that. I will look out for those. 
 

regards 

2 hours ago, CollectorNo1 said:

The Whitman guide to Coin Collecting is a very informative book. YouTube is another good avenue  to explore...also asking questions on TSF,there are alot of people on here with alot of knowledge and experience that will always be happy to  help and advise.

Regards

Thank you for that! I will have a look at that book.

21 minutes ago, silenceissilver said:

Imagine marrying a woman but spotting out a more attractive woman between the wedding wow and the bridal night. I think the families of some brides would kill you on the spot, certainly most would beat you the c**p out of you. Pacta sunt servanda. This is not specific to the precious metal market or the silver forum. If I was the seller, I'd give you negative feedback and warn every potential seller of you - and insist you pay. 

I did pay, and you’ve understood what I said wrong mate.

I didn’t ask for my money back, just the price that we agreed on first. Issue is sorted anyway and I should get my metal this week!:)

11 minutes ago, morezone said:

You have posted in a public forum.  We will not delete threads or remove them from public view unless it contravenes the forums T&Cs.

Your original post has been reinstated in order to keep the replies in context and coherent.

Okay, thank you!

3 minutes ago, modofantasma said:

Just take your time and  happy stacking 

Yeah, learnt a lot from this! Thank you:) 

1 minute ago, modofantasma said:

If you agree on a price that should be the agreed price. If you need more time to think before making a deal I think it's better to say that up front than to change your mind.
I appreciate you might not have been buying metals for long but from some of your threads and messages if the £ price movements worry you then perhaps better buying either smaller pieces or just sitting on your cash a little longer if you don't feel comfortable right now. Maybe it would put your mind at ease more to watch the price movements for a period of time before converting some £ to gold? 

Hi there,

Thank you for advice. The whole figure in our conversation got muddled up in the middle of the conversation. We were talking about £445. It was a confusion in our convo and he has returned the extra money that was sent. 

Got the deal we were initially talking about. Also, yes the threads were just advice on if it was a good time to invest in gold right now due to the drop etc. Got small pieces today.

regards

1 minute ago, Shep said:

I don’t think they like to make a habit of deleting threads but you could try tagging one of the moderators in a comment, or use the report function (3 dots at the top right of your comments).

Shep

Thank you!

Just now, Shep said:

Well the sellers a better man/woman than me.

Welcome to the forum and good luck to you.

Shep

Yes, he was very understanding and kind. Thank you! Any way I can delete this thread?

Hi,

I am kind of new to the forum so I wanted to delete this but don't know how to. We agreed on £445 but then before sending payment I tried to knock a bit more off. Luckily the seller was good and has returned me the money I paid extra for.

So I was negotiating a deal with someone on this website for gold, was initially getting it for £445 and I was ready to buy at that price and so was the seller. I accidentally wrote £455 or 450 final price? And he agreed on 450.. 

ive made the purchase and it hasn’t been sent out yet. Can I get my money back or do I have to suffer the loss:/ as I was getting a 10 g much cheaper directly from bullion .