-
The above Banner is a Sponsored Banner. Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.
Content Type
Forums
Premium Membership
Dealer Directory
Wiki
Videos
Prize Draws
Posts posted by Orpster
-
-
15 minutes ago, modofantasma said:
A genuine 1917 isn't but I presume @Orpster means a counterfeit would be
I do indeed, and if anyone fancies a read you can view the HMRC Guidelines on coinage and banknotes here:
Under 'The Forgery and Counterfeiting Act 1981', which specifically mentions sovereigns as a 'protected coin' to be included with circulating currency under the act. Its kind of grey if it is illegal to own them, or even sell them unless you believe the buyer may try and pass them as genuine, but better to err on the side of caution I suppose. I suspect selling them as fakes, or replica's, may be, in a very technical sense, be legal and personally I think they are a part of the history of sovereigns as much as variants and mint errors are.
-
-
I would never buy a 0.5g coin, I do not see a point in them,
I would buy 1g bullion as there is a definite market for it on the flip side, in bar as preference, and would pay up to 15% as a premium as that would be the sort of premium I would see when I sold. There are people who would pay more if a piece has a collectors appeal or are rare or vintage but for 1g gold the bars seem to do far better than any proof coin which as James has said will bomb 99.9999999% of the time if they are not from a national mint,
I avoid anything of that size only because of the space carded 1g bars take up in a safety deposit box. But were I holding at home and space was not a challenge I think its not a bad way to stack as fractional is likely the future
-
- Popular Post
- Popular Post
I have a small safe at home for anything I have recently bought or I am looking to sell but I generally use a safety deposit box that costs me £230 a year (the normal price is £285 but I signed up for an offer when I upgraded the size of the box) plus I pay a bit extra for higher insurance.
I used to have specific insurance for my coins through highworth insurance but have rolled it into my house insurance for the past couple of years as I keep very little at home and only for short periods, the specific coin insurance cost me circa £120 a year and it adds about £40 to my normal contents insurance now. It does cut down on the choice of insurers as some will not cover coin collections or that sort of value in gold.
I have not found it hard to sell gold recently, I have sold around 5oz's during the recent spike, 3oz on the forum and 10 sovereigns directly to a dealer. I have also sold a couple of graded premium pieces to collectors and used all the funds to buy gold that has not really been impacted by the spike because of the lower premiums on some items. I have sold considerable (for me) amounts of gold on two occasions in the last decade (I use gold to store money and do not really see it as an investment) so I never really worry about selling having done it. If your cheaper than the next guy, even if only slightly, and your price is fair in the prevailing market then it sells.
-
- Popular Post
- Popular Post
-
-
- Popular Post
- Popular Post
I am still buying at my usual quantities but at the moment I am concentrating on gold that has seen its usually higher premium evaporate so has largely remained the same price, proof, graded, young heads etc.
You may find given you have no trading feedback you will have to send first and receive payment on receipt should you sell on the forum, or potentially go though the @BackyardBullion intermediary service. If the former just be sure to deal with established members for the first couple of sales till your feedback has built a little and people will pay in advance of shipping.
Good luck though, I sold a large portion of my own stack last year to pay down my mortgage when my low rate deal was ending. Gold may have skyrocketed since but I suspect I have/will have saved more in interest payments than I would have made on my gold and I have zero regrets
-
-
-
- Popular Post
- Popular Post
1 minute ago, Thelonerangershorse said:Quick survey,
How many people are looking at thier stack this morning and realising that the £3K CGT limit might be more of a problem than they expected?
Not me given my entire stack is CGT free
- m3rlin, AuricGoldfinger, CaptCaveMan and 9 others
- 10
- 2
-
- Popular Post
- Popular Post
-
-
-
-
-
-
@SovereignBull I said I would tag you when I sold one of these but cannot remember which one 🤷♂️
-
- Popular Post
- Popular Post
I have a few proof 1/4oz Brits available, selling as bullion, all are coin and capsule (RM capsule or I can transfer to an airtite T22) only unless otherwise stated.
Some very limited mintages in here (2015 is 333) and some years that only came in sets. Cheapest bullion 1/4oz brit I can see at time of posting is HGM at £498.68 posted.2022 £475SOLD
2018 £475SOLD
2015 £480SOLD
2010 £475SOLD
2009 £475SOLD
2003 £475SOLD
1997 with box COA £485SOLD*spot at time of posting with gold at £1849 is £462.25
I can supply a limited number of the older style boxes with coins for an extra £5, I think I have 4 available.
Prices do not include post which will be £8 for one, £11 for two and £18 (ouch) for up to 4.BT or PPF&F, UK mainland or NI only
-
-
- Popular Post
- Popular Post
I am indeed, but I have been buying for a long time I have the luxury of cost averaging which a new stacker would not have
I remember people asking the same thing in 2011 and then panicking and selling up when it dropped £200-250 an ounce, but those same people if they had held on would be up 250+% right now, (from memory we went over £1100 an ounce and dropped back to around £750ish within a few months/couple of years)
The price when you buy only matters if your looking to make quick money, if your looking to hold, gold only ever goes one way in the long haul. Though buying any dip is always a nice feeling
-
- Popular Post
- Popular Post
-
- Popular Post
- Popular Post
-
18 minutes ago, Bogart said:
Dangerous time between having sold and buying again.
Too damn right, could not spend quick enough.
-
22 minutes ago, Petra said:
You all buying🤔 or all selling🤔🤔😮🤣
I have been buying but I had sold a few bits so was just putting the money back into gold, and spending my monthly budget,
Now that's all gone though, I think I will just be getting the popcorn out and waiting to see where we are at next payday
1976, 1980 and 1981 Gold Sovereigns
in UK (Ungraded)
Posted
This picture instantly made me think of:
Carry on, GLWS