eblend

I'd love to have a good, London Mint 1917 sovereign. And, of course, a good George VI. Talking of which, does anybody think this is any good? https://www.ebay.co.uk/itm/234052624280?chn=ps&norover=1&mkevt=1&mkrid=710-134428-41853-0&mkcid=2&itemid=234052624280&targetid=1281240839745&device=c&mktype=pla&googleloc=9045644&poi=&campaignid=12125451266&mkgroupid=122721230877&rlsatarget=aud-629407025025:pla-1281240839745&abcId=9300480&merchantid=6995734&gclid=Cj0KCQjwl_SHBhCQARIsAFIFRVX48lAVxdU9GV6Fho7LuXGRmdaUZ0_kgQkJKpkLBW64NcqQLB_OwGsaAvpTEALw_wcB

I know I'm only a n00b, so can't in any way speak for others around here, but I'd say that you should post whatever you want and whenever the fancy takes you. I can't see that you've done any damage, as far as I can see, and if it does you good, then that's good enough, in my book.

It's not "regardless" but because of ... Gold, as with pretty much all commodities is, in world terms, priced in dollars. If the pound falls against the dollar, the sterling price of dollar valued commodities rises immediately. (Pretty much what Martlet pointed out above.) There was a similar change in the prices of petrol, although that one was partly masked by the fact that the oil price in dollars fell, as it was considered by the markets that the Brexit vote had weakened the whole European trade area.

Speaking purely as a new member here, very much a newbie and still green when it comes to coins, I'm afraid your post, as it was written, did come across, not as "just asking a question" but as rude and whinging. It seems the me that the forum is friendly and welcoming. I haven't, so far, detected a hierarchy, or at least not beyond that which you always get on all forums simply because some member genuinely are experts. I have myself, in my short time here so far, posted a couple of questions, which were interesting to me, to which I didn't receive an answer. I chalk it up to being so much of a newbie that my question itself is probably a stupid one. But I'm learning! Respectfully. Eblend.

The seller lists the "precious metal content" as 3.99gms so I suppose it's supposed to be a half sovereign.

Is it mostly by the same seller?

The article does state that they are protected by the £85k as other bank accounts. I kind of agree with the rest of what you say, except that it still does seem interesting ... If I were a stacker (which I'm not) I might well be interested in this, at least for part of my funds.

Oh, I dunno. It sounds interesting to me. The charges are fairly minimal. I like the idea that one could use it just like a normal bank account, but all the time have whatever is in there linked to the gold price. I definitely wouldn't do it for all my banking, or even the majority, but I might consider it for a part of it.

Slightly off topic ... I have, of course, wanted a 1917 London Mint sovereign for a long time. It would complete my set of 1817, 1857, ... , 1957, 2017 (I know, not 50 years, but there are other reasons 😉). Someone standing in for my account manager at the Royal Mint - a young lad, I think - phoned me up trying to sell me various coins they had, including some guineas that I'm not particularly interested in. He also said that he had some ("some", note) 1917 London Mint sovereigns for £650. I said, "Are you sure?" He must have heard something in my voice, because he said he'd check with his manager. Anyway, it turned out that the coins they were selling for that price were from various mints around the world. They did have a London Mint coin, in reasonable condition ... for £10,500 ... which I thought was more like it ... Ah ... one day ... sigh ...

Absolutely. I like the 1857 ... the 1829 ...

I have a nice 1989 full proof sov. I've never been tempted by half sovs. Is it a different market, or have I just not succumbed yet? 😉

Ah right. Was that the only year?

I don't believe the London Mint issued any sovereigns after the First World War (except the 1937 George VI proof coin) until 1957. I have a 1957 sovereign, graded MS-64. It's a beautiful coin.

Yes, but my point is that their figure seems way too low - by a factor of at least 3 - on any reasonable measure you can find. And if buildings have gone up more, then the figure is even further adrift from where it should be.

True. But I wasn't going by any average of annual inflation. I was taking it from purchasing power statistics, which measure (or purport to measure, at any rate) the real inflationary effect on the currency over specific time periods. I suppose it is possible that the monument's own site used some sort of assumption of annual inflation. In my opinion, a reasonableness check on the eventual figure should have alerted them to the sense that they had miscalculated somewhere.

The thing is, when you look at 'value' in today's terms, you're looking at overall cost of living value, not specifically at the actual product being produced. So yes, building costs have gone up a lot, but maybe some others haven't quite so much, and some may have gone up more. Having said which, I calculate that the value of £16,154 in today's terms is £1,931,737, so someone's calculations are a bit adrift somewhere, especially since just the cost of restoration works in the 1990s was £2.36m.

Oh. So nothing happened, basically?

Oops. I don't seem to have got the hang of posting images and words yet ... I expect you got the gist ...

You guys have made me look at my 1857 coin. The 5 looks out of alignment on mine, at least to my eyes but maybe you can tell me better. 😃

I haven't tended to go for the bullion versions of more recent sovereigns. I really like the proof versions, and some of them are spectacular - the 1989 proof sovereign, for instance, and also the 2017 proof coin, using the original Pistrucci design for the reverse complete with restored plume on the helmet. For the 2017 coin, the designs of the bullion coin and the proof sovereign were so different that I bought both. You've just made me look at the 2002 coin again - I haven't got that one. But I think I'd go for proof, and not get the bullion version as well because it seems to be essentially the same design, isn't it?

Yes, there's plenty of variety right enough. Many years ago, I started off intending to be a stacker, and bought a small number of sovereigns to start me off (thirteen in fact). But my life circumstances changed and I didn't have the money to keep investing. Then, I lost interest after a while, only to take out the 'collection' of coins I had bought all those years ago, and realise that they did form the start of a collection. I started to add, a coin at a time, and quickly realised that some of the coins I had bought were rapidly rising in value. Maybe that's luck, but it's enough to have sparked my interest for the last few years!

New around here ... Who are "BPB"? You didn't mean "BBP" (Bullion By Post) did you?

Spelling might be important. If you Google it with the correct spelling - "Buy 40mm coin capsules UK" - you get loads of hits.

Hi Everyone I'm a 64 year old Chartered Accountant with an interest specifically in sovereigns, although I did get tempted by the recent 'Phil coin' presented by the Mint. I was amazed - they emailed me at 9:00 on Saturday 26th June. I don't normally buy commemorative coins, but that one appealed. I bought it straight away looked again at the Royal Mint site, at 9:50 am on the same day ... and they'd all gone! (Well, all apart from a bolted together 'set' of one 1921 bullion coin and one 2021 bullion coin, and the 1Kg gold coins at £67,500 each!) Anyway, enough wittering. I have most monarchs, but not George VI. One day ... All the best eblend