Mightymogs

Tavex now at 24.20 Inc vat per Brit. Not too shabby.

On 26/08/2022 at 15:46, SidS said:

Firstly, I know nothing about Celtic coins. I think that's an important starting point.

That being said, I do collected hammered coins and I have dabbled a little with Roman coins.

You ask about investment potential. I would say, risky to unknown would be my initial thoughts.

It can go either way.

I remember some years ago they discovered a few hoards of Aethelred II, Cnut and Edward the Confessor pennies. From around 2000-2005 these things were everywhere.

When hoards are found they tend to flood the market for a while and suppress the price, sometimes for a prolonged period. Coins that can start out as 'rare' and hard to obtain, can suddenly become the most common variety of a type if a large enough hoard is found. Great if you've been wanting to acquire one, terrible if you have shelled out £1000 for one a few years back and now they sell for only £200 each.

It's a game of risk much more so than modern coins.

Some examples of how I've faired.

I bought a Cnut coin during the glut of them an paid £140 for it. It's now worth about £240-£300, so nice little profit.

My Edward the Elder and Aethelstan pennies are worth now exactly what I paid for them 15 years ago. So with inflation it's an overall loss.

I'm sure there'll be others where the value has slumped due to finds.

Many thanks Sid's. Good points well made. I think the love for owning a piece of history tends to over ride a fair amount of investment potential. Some are massively overpriced, yet some are reasonable. A little like the bullion coin market I guess, but the mainstay of bullion is the almost certain upward curve of PM's price over the long term. I think a fair amount of research is required here and maybe the odd targeted bargain hunt. Food for though indeed 👍

30 minutes ago, LawrenceChard said:

You should probably look at:

https://celticcoins.com/

I have never dealt with them, but I get a good feeling about them.

What I would like to hear on TV or radio news is:

"A hoard of Celtic coins has been found Celtic Park Football Stadium"

It doesn't work in print or writing, only in audio!

😎

Thank you Lawrence 👌.

Think I'll enjoy learning more and more about this. I really love the idea of history being your hands 😁👍

Plenty to choose from there then.. surely they must be able to off load a few for spot 😉

Clearly I've been watching too much History Channel, but with my newly found love for all things sliver, I've stumbled across the possibility of collecting UK Celtic Coins. Does anyone have any experience with these, are they a good long term investment and does anyone know of any good reasonably priced sources?

Thank you in advance lovely people 😁

2 hours ago, jackflash123 said:

Hey @Mightymogs buddy,

If you're referring to the prices on the UK Tavex website then there will NOT be any import duty as they’re UK based. VAT is payable on new silver items. Some secondhand or should I say pre-loved silver is sold on a special scheme without VAT or with reduced VAT. 

Many thanks for the clarification ☺️

On 02/08/2022 at 14:11, jackflash123 said:

Same for me, absolutely the best way to check out on Tavex, very smooth 👍

Hey Jackie, I saw the prices on Tavex and they can be very competitive. My only concern was that I saw that import duties are not included. Does this mean that you would have to pay ID on top? I'm a little confused.

41 minutes ago, GoldStatue said:

For me coins all the way when it comes to liquidity for re-selling, Sovereigns or Britannia's, they are just so well known in the UK.

Certain gold bars have a reputation for being faked, like the Lady Fortuna PAMP Suisse bars, ebay is probably flooded with them!

I guess ultimately as long as you have a little something tucked away no matter if its coins or bars you are on the right track 👍

Good stuff, the only thing I need to get my head around is that gold is so much smaller than silver 😜

17 minutes ago, dicker said:

Take a look at the forum - discussed many times before.  Consider:

- Tax

- Liquidity

- Any numismatic value

@LawrenceChard Used to have a page titled something along the lines of “Why buy circular bars”.  Worth googling because if it exists still, it answers your question.

Best

Dicker

Sorry for that Dicker, I did take a look, clearly not hard enough 😉 I'll try to find Mr Chards page 👍

16 minutes ago, Tn21 said:

I reckon in 15 to 20 years gold in any format will be sought after and hard to get hold of in the physical format. 
 

coins have the added benefit of being cgt exempt (sovs and brits).

I say get what ever you like and feel comfortable buying, a mixture of both coins and bars can’t do any harm. 
 

What ever you decide to do I think it is very important you enjoy life/wealth or pass it on. I cry when I read stories on gold being found in the cupboard or behind a piano. 

 

 

Wise words indeed 😁👍

Evening all,

Just wondering, in people's opinions which is a better purchase for future resale.. coins or bars? Bars clearly offer better value for money in terms of being closer to spot, but coins seem to sell well. I'm just wondering which would be better to stack for 15-20 years? I'm pretty sure this will be a chalk and cheese discussion, but you views are appreciated.

11 minutes ago, Bigmarc said:

I read this yesterday. Not sure how true it is but bitcoin not seen anywhere. 

Maybe that strengthens my decision ☺️

52 minutes ago, Jvw said:

I think the general emotion under crypto-owners is fear right now. Which is good for new investors tbh. 

A lot dumping crypto, making it a good time to buy for new investors. 

I definitely agree, however for me the PMs just feel slightly more stable and I don't mind the long haul. Also the conflicting information surrounding the viability of BC as a payment method, tends to put me off. Most of my money was in BC as the daddy. I'd definitely keep an eye on the latest information surrounding up and coming tech though. But for now the PMs get the nod, especially with the crash coming.

11 hours ago, Jvw said:

What was your initial plan with crypto? I suggest stick to that!  

For example; I am in PM's for the long haul. I have a plan when buying pm's. I also have an exit strategy and therefor I also have a go-to-guy when I need a quick sale or buy to adjust my stack a bit. I never sell much because i have a feeling that PM's will always rise in price in the long term. So i don't panic when PM's dip or rise. I just keep with my plan and therefor keep buying. 

I am definitely in PM's for the long haul. My issue with BC was that I fear for its future in that it's not tangable. Nor are other forms of money but PMs are shiny and you can hold them. Therefore as a certified magpie I've cashed most of the BC out and bought PMs instead. 15-20 years is my plan. Although I haven't quite worked out the exit strategy yet 😉

I must admit I do like the idea of stumbling across some bargains. Obviously TSF is a great place to find some, however a little proactivity and reward appeals to me. Treasure hunting if you will and maybe magical below spot prices await 😁

Was just wondering if anyone has discovered unusual methods of locating silver pre 20s silver coins? For example second hand shops or flea markets. 

42 minutes ago, ArgentSmith said:

Bitcoin is the antithesis of the planned CBDCs. I would suggest you cash out.

Yes granted. But I have a sneaky feeling that a lot of money invested in BC will move over bringing the price down, as it will be such a safe option. Any love for an uncontrolled medium will fast disappear once money is made. It's a well hatched plan.

13 minutes ago, Bigmarc said:

Who decides the price of gold and silver? Is it central based? Is it digital? 

I can't see any problem with cbdc personally, if anything it maybe a driving force to push the industry further. If you are worried about it then just leave in money you can afford to loose, but don't go blindly jumping into the metals market.

I think I get the general consensus here. I'll maintain and see what happens with BC and keep building the metals. Many thanks all.

One of my main concerns would be cbdc overtaking it and rendering it obsolete. 

Thanks guys certainly food for thought... Its appreciated 👍

That's why I asked. I'd put more trust in people's opinions on here than any pro or anti BC site. And sorry to the admin for quite possibly the incorrect section. But I can't help liking shiny stuff more than virtual things 🤗

This may have been discussed before, but the lull and subsequent annoyingly predictive daily up and down of Bitcoin has left me less than Impressed. Question is, do I just cut the albeit small losses and just buy PM with it all or leave it alone? 

I'm quickly realising that there is no real right or wrong answer. I appreciate the input guys. Maybe a sov and some silver every two months. 

Thank you guys 👍 It does seem that silver is hampered by VAT.  Although you would get a stacking feel good, due to size and weight for your money.

Premiums are obviously a big consideration for gold and I see that maybe the full sovereign route is better long term due to gold per investment price. Maybe I need to get a few Half Sovereigns first to satisfy my new found gold fever then swap to fulls 🤔

Hello, I'm new here.

I'm learning a fair bit from reading the past posts, but wanted your thoughts. I'm looking to spend upto £200 a month on either gold or silver. Coins seem to be the best investment due to tax. If you were in my shoes what would you buy and why. I'm looking to do this over the next 18 years. Thank you.