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MonkeysUncle

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  • Country

    United Kingdom

Reputation Activity

  1. Like
    MonkeysUncle got a reaction from Paul in Advice for a new stacker with '0'ozt gold (Sov vs 1oz)   
    To liquidate a 1oz coin you need to find someone with £1,500 or so at the moment.
    To liquidate a Sov or Sovs you need to find a man or men with £360 or so. 
    Sovs are easier to shift basically, plus they have history and collectors looking for older ones to add to theirs. The Brit lacks history.
    Having said the above I hoarded Queen's Beast 1oz coins thinking premiums will be higher than Brits in future and am contemplating hoarding 1oz Tudor Beasts.
    2022 Sov being a different design is something many on here have suggested acquiring and I have a few. They may get some more friends soon...
  2. Like
    MonkeysUncle got a reaction from shaunm in Advice for a new stacker with '0'ozt gold (Sov vs 1oz)   
    To liquidate a 1oz coin you need to find someone with £1,500 or so at the moment.
    To liquidate a Sov or Sovs you need to find a man or men with £360 or so. 
    Sovs are easier to shift basically, plus they have history and collectors looking for older ones to add to theirs. The Brit lacks history.
    Having said the above I hoarded Queen's Beast 1oz coins thinking premiums will be higher than Brits in future and am contemplating hoarding 1oz Tudor Beasts.
    2022 Sov being a different design is something many on here have suggested acquiring and I have a few. They may get some more friends soon...
  3. Thanks
    MonkeysUncle reacted to LawrenceChard in Krugerrand Serrations and Alloy Errors and Misinformation   
    Krugerrands were first issued in 1967, as a South African coin containing One Troy Ounce of Gold.
    Since then, much information has been published about them, most of it originally by Rand Refineries, or The South African Mint.
    I first noticed some of the published specifications and information were wrong on 6th April 2010, originally as a result of a customer enquiry.
    As a result, I / we published this page: https://taxfreegold.co.uk/krugerrandmisinformation.html, and in 2018, we ported part of that page to this page on our newer site: https://www.chards.co.uk/blog/krugerrand-misinformation-serrations/402
    At the time, I omitted to take screenshots of the Krugerrand Specifications page on the Rand Refineries website, the Krugerrand page on Wikipedia, or any other sources. A few years ago, I started to try and find archived pages containing the serrations count errors. While searching, I became aware of more errors and misinformation on a large number, probably the majority, of websites which purported to give expert information about Krugers.
    Today, I came across an archived Wikipedia page (4th November 2009), of which I show an extract:

    The Specifications table clearly shows the number of edge serrations of all 4 sizes which existed at the time. This table was sourced from the Rand Refineries website. It might even have been me who copied it over from the RR site to Wikipedia.
    To check the sedge serrations count, we take photos, including this one:

    It clearly shows 160 serrations, as opposed to the 180 stated by Rand Refineries.
    We then created the TaxFreeGold (TFG) page linked above, and e-mailed RR with our findings.
    We received a particularly dumb e-mail reply from them, obviously from some disinterested receptionist or clerk, who had clearly not bothered to read our email, thanking us for our interest in Krugerrands, and informing us that the information we wanted could be found on their Krugerrand Specifications page, to which I had referred in my e-mail.
    I wrote back, and politely pointed this out, and suggested they read my e-mail, and passed it on to a manager or superior. Eventually, we received an e-mail thanking us for pointing out their error.
    Meanwhile, we photographed the other 3 sizes, and discovered that 3 of the 4 sizes had incorrect serration counts, and only 1 was correct. We shared this discovery with Rand Refineries, and also corrected the Wikipedia page.
    Here is our table showing the correct number of serrations on each of the 4 sizes:
    Size Remedy (Grams) Min Diameter (mm) Max Diameter (mm) Min Thick (mm) Max Thick (mm) Edge 1 oz + 0.07 32.61 32.77 2.74 2.84 160 1/2 oz + 0.035 26.93 27.07 2.115 2.215 185* 1/4 oz + 0.02 21.94 22.06 1.788 1.888 150 1/10 oz + 0.01 16.45 16.55 1.25 1.35 115  
    In my recent research, I have noticed that Rand Refineries, and many other sites mention that Krugerrands are made of "Crown Gold", which is 22cts (91.66% fine) gold. While this is correct, RR, and many of the others then go on to state that Crown Gold and / or Krugerrands are alloyed only with copper. None of them mention any silver content. This piece of misinformation is rife, being repeated ad nauseam, almost everywhere. Despite extensive searches, I can find no reliable historical source which states that crown gold is only alloyed with copper, without any silver content. I think this erroneous belief has come about by people making assumptions, and failing to check or refer to historical documents.
    Early Krugerrands contain silver, but many recent years do not.
    I recently created a "Crown Gold" TSF topic here: 
     
    Other misinformation I have discovered include:
    Production of Krugerrands started in 1970.
    Until I corrected it sometime before November 2009, the Wikipedia Krugerrand page contained "information" about silver Krugerrands, which at the time did not exist, except on ebay!
    I had noticed that after our 2010 discoveries, some websites had started copying our new, correct, serration counts, but recently I have been astounded at the number of websites which are still spewing out the incorrect counts, 12 years after we discovered and published the truth.
    I have started to compile a list of websites with false Krugerrand information, but there are so many that it will take quite some time.
    Watch this space!
    😎
     
  4. Haha
    MonkeysUncle reacted to Foster88 in 2019,20,21,22 US Buffalo in UK   
    No, of course not.
    It’s like the plural of sheep, everyone knows it’s sheepses, just like buffaloes. 😂
  5. Thanks
    MonkeysUncle reacted to dikefalos in 2022 Tudor Beasts   
    Guess it will be also 2 per year, like the proofs
  6. Thanks
    MonkeysUncle reacted to chrisdobb in 2022 Tudor Beasts   
    My understanding it's 2 per year over a five year period.
  7. Haha
    MonkeysUncle got a reaction from SilverDrum in Harrington & Byrne 2022 bullion sovereign offer   
    Yeah. They're just plain irritating; if I knew where they really are (not the Mayfair address apparently) I'd organise a taste of their own medicine. A couple of hundred BT phone books through their letterbox might make 'em take notice...
  8. Haha
    MonkeysUncle got a reaction from James32 in Harrington & Byrne 2022 bullion sovereign offer   
    Yeah. They're just plain irritating; if I knew where they really are (not the Mayfair address apparently) I'd organise a taste of their own medicine. A couple of hundred BT phone books through their letterbox might make 'em take notice...
  9. Like
    MonkeysUncle got a reaction from Arganto in Russia   
    The Russian Government has removed VAT on gold purchases for it's citizens this morning. 
    Whether that has any effect on supply/ demand/ pricing for us non-Russki's I genuinely have no idea?
  10. Like
    MonkeysUncle got a reaction from stackerp5 in Russia   
    The Russian Government has removed VAT on gold purchases for it's citizens this morning. 
    Whether that has any effect on supply/ demand/ pricing for us non-Russki's I genuinely have no idea?
  11. Like
    MonkeysUncle got a reaction from Gordy in Russia   
    The Russian Government has removed VAT on gold purchases for it's citizens this morning. 
    Whether that has any effect on supply/ demand/ pricing for us non-Russki's I genuinely have no idea?
  12. Like
    MonkeysUncle got a reaction from TheMadKing in Russia   
    The Russian Government has removed VAT on gold purchases for it's citizens this morning. 
    Whether that has any effect on supply/ demand/ pricing for us non-Russki's I genuinely have no idea?
  13. Thanks
    MonkeysUncle got a reaction from Tn21 in Russia   
    The Russian Government has removed VAT on gold purchases for it's citizens this morning. 
    Whether that has any effect on supply/ demand/ pricing for us non-Russki's I genuinely have no idea?
  14. Like
    MonkeysUncle reacted to HillWalkerDundee in In a SHTF situation what plan do you have for getting your stack from your storage space?   
    Whilst everyone feels sorry (wrong word) for what is happening in the Ukraine they had plenty of notice. Weeks of notice. I have already removed my cash from the bank. My PMs are to hand. Safer in one of my properties than in a vault or bank.
    I have already been in contact with family members living down south to ensure that they can leave at a moment's notice. Make sure vehicles are gassed up, bags are packed etc. They can leave within an hour as can I.
  15. Haha
    MonkeysUncle reacted to LawrenceChard in 'Coiny' are Scammers.   
    "I Can't Dance" to quote Genesis, but I prefer to paraphrase "I Won't Dance" by Jerome Kern with the later lyrics by  Dorothy Fields and Jimmy McHugh. I know where it leads.
    I can't sing either, or to quote Fleetwood Mac:
    I can't help about the shape I'm in
    I can't sing, I ain't pretty and my legs are thin
    But don't ask me what I think of Coiny
    I might not give the answer that you want me to
    Oh, well
    ... and to contunue the musicial theme:
    "C'est la vie", say the old folks, it goes to show you never can tell.
    😎
     
  16. Like
    MonkeysUncle got a reaction from Tortoise in Questionable authenticity on sovereigns   
    This sort of thing is precisely why I only buy gold from respectable dealers. I may pay more for the privilege, but I can be pretty damn sure that a man/ lady far better at spotting dodgy coins than I has done their job. The dealers profit margin is a small price to pay in my books.
  17. Haha
    MonkeysUncle reacted to Happypanda88 in 'Coiny' are Scammers.   
    I have some genuine fake coins to sell if anyone is interested ! 😎
  18. Like
    MonkeysUncle reacted to Aidy in 'Coiny' are Scammers.   
    I looked at the "join our team" and it came with the company name "LA CASA DE DECO LTD", which i then put into companies house search and it is a company that has been struck off this month, ran by some guys in Morocco (explains the French)
  19. Like
    MonkeysUncle reacted to LawrenceChard in 'Coiny' are Scammers.   
    Apart from the fact that you are still saying these are silver plated gold bars, it would be preferable if you had given a more complete account of things, such as:
    How much each, or in total, you paid for these bars.
    This would help TSF members to understand the situation more clearly. Having said so, it is very common for people to only tell a partial story. I don't know why, but it happens about 90% of them time.
    Because we are face with this guessing game, I took a look at the Coiny site, and took this screenshot:

    Without even looking at the details on the relevant page, we can see:
    One ounce silver coins offered for sale at $18.85 each.
    Looking at the site of a well-known Blackpool coin and bullion dealer, I can see:
    Live Silver Price
    Current    
    $24.47    
    Now precious metal prices will have changed since you bought your bars, but does anything above strike you as strange?
    The asking price for manufactured bars is only 73% of the spot bullion price.
    Yes, the deal is too good to be true, which means it is not true.
    I see you are in the UK, and the current silver price in GBP is about £18. If we recalculated in pounds, you would have been paying about £13.87 each.
    If you look at some of the comments by other members, you will see that you can buy similar fake silver bars direct from China, via AliExpress and other sites for about £1 to £2 each. If you bought 20 fake silver bars for £40 total, you have not lost much, and have gained some valuable experience and knowledge.
    If on the other hand, you have paid about £277 for them, then your lesson has been quite expensive.
    May I suggest you bare all, and tell us all how much you paid, if you can bear to?
    Also, do you really still think these are gold bars, or have you realised that they are probably gold-coloured brass ones?
    If the answer to either or both of these questions is "no", could I introduce you to someone I know who will sell you gold sovereigns at £250 each?
    😎
  20. Like
    MonkeysUncle reacted to LawrenceChard in Questionable authenticity on sovereigns   
    I think if you bought from most private individuals on TSF, you should be OK.
    I try to ensure that @ChardsCoinandBullionDealer are competitive on bullion sovereigns, even when compared with smaller dealers who don't know or care about fakes or substandard coins. Most of their customers are unaware until they come to sell.
    In fact, I forgot to mention, we bought the coin above in a lot of 42 coins. The seller told us he had bought them all from a well-known bullion dealer, and mentioned their name to us. As I didn't have the opportunity of speaking to the seller, and double-checking with him, I will not name his supplier. I do encourage our staff to get original receipts, or copies of them, if possible. I will ask our "teller" if she can contact the seller to let him know one of his coins was a fake, mainly for his own information. Obviously, the deal we did with him still stands, as we take responsibility for our purchase from him. The slight loss we take on scrapping the coin is possibly outweighed by the educational value all round.
    😎
  21. Like
    MonkeysUncle got a reaction from MJCOIN in Questionable authenticity on sovereigns   
    This sort of thing is precisely why I only buy gold from respectable dealers. I may pay more for the privilege, but I can be pretty damn sure that a man/ lady far better at spotting dodgy coins than I has done their job. The dealers profit margin is a small price to pay in my books.
  22. Like
    MonkeysUncle got a reaction from Bixley in Questionable authenticity on sovereigns   
    This sort of thing is precisely why I only buy gold from respectable dealers. I may pay more for the privilege, but I can be pretty damn sure that a man/ lady far better at spotting dodgy coins than I has done their job. The dealers profit margin is a small price to pay in my books.
  23. Like
    MonkeysUncle got a reaction from LawrenceChard in Questionable authenticity on sovereigns   
    This sort of thing is precisely why I only buy gold from respectable dealers. I may pay more for the privilege, but I can be pretty damn sure that a man/ lady far better at spotting dodgy coins than I has done their job. The dealers profit margin is a small price to pay in my books.
  24. Thanks
    MonkeysUncle reacted to LawrenceChard in Questionable authenticity on sovereigns   
    Here are the photos of the 1916-M fake sovereign I mentioned:

    Awful reverse!
    The obverse is just as bad:

    And for anyone who thinks a Niton or other XRF machine can tell genuine from fake:

    The gold content is within normal range, but the silver content is a big clue.
    This is an excellent example of human eyes, brains, and experience being better than dumb reliance on technology.
    😎
  25. Haha
    MonkeysUncle got a reaction from AaaGee in In a SHTF situation what plan do you have for getting your stack from your storage space?   
    I dunno. Smacking someones skull in with a 5kg bar of silver would probably work nicely. Think I'd give gold a miss though as the dent in it would likely reduce the resale value!
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