flyingveepixie

As long as you haven't eaten it first because of the price of bloody cat food..  🤣

I have considered it...😈

I have considered it...😈

I have considered it...😈

Fantastic collection.   I am envious...

Time to eat your cat...

I've only been in the game for about 3 weeks so I've only ever known these prices. That said, I know there's a lot to be said for cost avereging, so as I'm in for the long haul, I'm fairly bullish about it as a long-term plan. 
For me, if I break even in 20 years time, that will still be a win. My 'wealth' will be outside of the system and even if the spot price is at parity with now, I expect that I'll feel like a winner from an inflationary point of view. Anything above that, even better.
The other thing front of mind for me right now is the Gold : Silver ratio. It sits at c.80 currently. So hypothetically speaking, even I can work out that if I buy into a stack of 80ozt silver now and the ratio moves to 50. I can cash in for 1ozt gold and retain 30ozt silver. That doesn't seem so far-fetched.
All things considered then, I'll continue stacking - gold for the long term and silver based on the ratio numbers.
But that's just me. And even my kids know to ignore what I have to say. 

Personally I don't see the prices dropping much and I'm very much in favour of the concept of removing as much of your wealth as is manageable from the fiat system because I don't trust it an inch, but that's just my own opinion and I might be completely wrong..🧐
Good advice given above by @goldmember44 about stacking non perishable foodstuffs and which I agree with wholeheartedly.  I offered the very same advice to a rather naive friend of mine just this morning as there will be undoubted knock on effects from the war in Ukraine which may not be felt until next winter.
And of course there is all the rest of the worldwide BS going on....the threat of CBDC's, the ongoing covid hysteria which the vested interests of 'the they'  are doing their level best to ramp up again and seemingly succeeding from the number of mask wearers I saw in Lidl this morning,  big lockdown currently in China and nothing is being exported because they're all locked up in their little boxes...   Lots of other stuff : WEF shenanigans, (and doesn't that Lagarde character who got caught with her hand in the till that time look like a bloody alien!) FED shenanigans, BOE shenanigans, crooked politician shenanigans.  It goes on and on...
Bottom line..?  Look at the bigger picture, do some of your own extrapolation and analysis, and make a decision. It's all you can do..
And just a wee quick edit as an example : Last year about this time you could buy 3x boxes of 40 sachets of cat food for £22.00 in Farmfoods.  Yesterday you could buy 2x40 sachets of cat food in the same shop for £21.00. 
  That's a price hike of 30% in a single year!

Personally I don't see the prices dropping much and I'm very much in favour of the concept of removing as much of your wealth as is manageable from the fiat system because I don't trust it an inch, but that's just my own opinion and I might be completely wrong..🧐
Good advice given above by @goldmember44 about stacking non perishable foodstuffs and which I agree with wholeheartedly.  I offered the very same advice to a rather naive friend of mine just this morning as there will be undoubted knock on effects from the war in Ukraine which may not be felt until next winter.
And of course there is all the rest of the worldwide BS going on....the threat of CBDC's, the ongoing covid hysteria which the vested interests of 'the they'  are doing their level best to ramp up again and seemingly succeeding from the number of mask wearers I saw in Lidl this morning,  big lockdown currently in China and nothing is being exported because they're all locked up in their little boxes...   Lots of other stuff : WEF shenanigans, (and doesn't that Lagarde character who got caught with her hand in the till that time look like a bloody alien!) FED shenanigans, BOE shenanigans, crooked politician shenanigans.  It goes on and on...
Bottom line..?  Look at the bigger picture, do some of your own extrapolation and analysis, and make a decision. It's all you can do..
And just a wee quick edit as an example : Last year about this time you could buy 3x boxes of 40 sachets of cat food for £22.00 in Farmfoods.  Yesterday you could buy 2x40 sachets of cat food in the same shop for £21.00. 
  That's a price hike of 30% in a single year!

Diversification is definitely the right approach which means both gold and silver for all the reasons already mentioned by everyone else, and even with the VAT on silver you should still get your money back at the very least provided the spot price doesn't drop too far.  Check out the average selling price for silver Brits on ebay : the VAT is always accounted for and they sell well enough. 
I was never really one to consider myself as holding an actual portfolio and always thought it sounded a bit toffee nosed when I hear people yakking on about it, but I suppose you have to consider everything you have, and when you lump it all together it does become a kind of portfolio, whether it be coins in silver or gold (for some reason I can't feel the attraction to platinum or palladium yet), bottles of whisky, rare banknotes, stamps, guitars and amps,  or even just a stash of food in tins as future proofing against price hikes.  It's all got it's own worth.  I have a big box of scrap copper out in the garage which I had until this moment never considered to be part of any portfolio - it's just a big box of old 15mm pipe, scrap cable, and bits out of old fuseboxes which I'll take along to the scrap dealer when I have enough of it.
Bottom line : whatever you hold,  if it's sellable for a good return it's all got worth and value, and silver not least of all...😎

Wor kidda! I like these kinds of topics where I can write a literal essay! *Ahem...*
I'm not sure what else can be said, having read the other posts here, but here I go anyway...
We each have person circumstances that dictate what we buy, where and why. Simple economics, but I never feel that this can be overstated enough.
If you're going in for a very strict "stacker" route (with silver) then coins aren't the way to go. You'd probably want bars, so that would be the first thing to separate out - bars come with lower premium, generally, as they don't need as much processing. You're also looking at 100oz (one hundred) or 1kg bars, so heavy and bulky. Also, some silver coins (pointing at the Great Engravers series) attract a higher value to both stackers and collectors - one can make an argument over what happens when hype dies down, of course. While gold coins are also available for this series, you have to also think about your market. Quite bluntly, the silver market is accessible to more people than the gold one. Therefore, basic economics mean that you will be able to liquidate your stack to a broader spectrum of people. Yes you can go to dealers, but things like TSF are unique opportunities for both private buyers and sellers to get a better deal than simply going to the local dealer (generally speaking).
Also, the argument on 800oz of silver, or 10oz of gold can almost be turned around. By this I mean, would you really want to be carrying 10oz of gold around with you to make a single transaction and cash out, or would you prefer to slowly trickle out your funds when you come to sell your stack? I think most people here are intending to use their stacks in one of two ways:
1) Leave it for the next generation - where you probably want it to be in smaller denominations for ease of breaking it up.
2) To use it as part of their retirement fund - where you will want the ability to slowly disperse it, rather than be forced to sell large "blocks" of it.
Basically, silver is more preferable to more people's intent (whether they realise it or not). Add to that a third point:
3) If you have to sell part of your stack to fund an emergency bill, is it not better to sell a proportion closer to the value of said unexpected bill? For example, I would prefer to sell 10oz of silver to cover a £250 bill, than I would a 1oz gold coin for £1,500.
Next we sort of loop back to the collector side of things...
Silver coin (or rounds) are also a bit of an art in their own right (sometimes literally). For example, the Temptation of the Succubus range from Pheli Mint (personal favourite), are bullion 2oz coins, but also collector items, so carry a slightly higher premium than normal, but by no means as high as other silver rounds. Now, premium is a funny one in my book, as I both stack and collect, because I view premium on silver like I do VAT. Example; if I want to stack silver Brits, then I have to accept that they come with VAT. However, when I sell them, the VAT doesn't magically disappear. When I come to sell my Brits (be it a week, a month, a year, a decade) the VAT will be passed onto the buyer (even if it's a dealer). You have to sort of wrap your head around the idea that it's better to think of the VAT as an almost artificial part of the premium. I have some coins that I have paid 300% (yes, three hundred) percent premium on. Why? Because I am expecting to simply pass them on in the future with the same premium. Now, this bit is a gamble and, rightly, you should only buy these sorts of things for your own enjoyment, considering them to be art, not bullion. Ultimately, I might only get the base metal value. I note that you are not going down this route, but it remains true that silver is easier to make into more creative designs - you only have to see some of the sales topics by the sponsors of the forum to get an understanding of how many varieties of things are made out of silver. Thus, you have a market here that you don't with gold - gold is too expensive to do this with, generally speaking.
Also, while we go into gold, what kind of gold are you going for? One thing that's been argued back and forth on the forum as to whether gold cast are better than gold minted bars, for example. Again, it comes down to how you view your purchases. If you are cautious and think only of metal value, then go for the cast bars (cheaper premium), but just as there will be a bigger market for silver, there is also always going to be a market for minted bars because they are more attractive to look at. The higher premium is also, just as the VAT on silver is, passed on to the buyer. This is especially true for private sales of minted bars, not so much for dealers (who will pay metal price, then sell it for the added premium!).
Next, let's go over inflation. Gold verse silver; super subjective, but let's jump in with two feet. I would say that, because of the size of the market, gold doesn't have as much room to grown as silver does - supply and demand. This is because people who are not experienced with PM's - if they opt to enter it when they start to diversify their portfolios - will buy silver until they are both comfortable. This is what you have done - though you have immediately opted to fully understand what is going on, rather than fumble about, which is not normally done. It is also because most people will not want to dump large sums of money into gold right away (they probably don't have the free capital to do so). I tend to think that people will follow a more typical route of slowly buying up silver until they have "a stack" and then move into gold. This mentality is the kind of cautious that I have seen from a lot of people employ - some have been badly bitten and sold their stacks at a loss too. It's the snowball rolling down a hill argument.
Now for investment. As always, the investment aspect is subjective. It comes down to timing and what you hold. For example, the silver I bought earlier this year is already showing me a return of circa 15-20% (if I wanted to sell it). Now, that's not bad at all. Is it as much as the 5-10% from my gold? No, but I have more silver than gold in my bullion stack and this alone means that I can withdraw a greater sum of money in smaller increments.
Ultimately, do what the rest of us do - just enjoy yourself and the feeling of physically holding your own wealth... well, unless it's locked in the vault (meaning that you only see it once a year) or if it was tragically lost in a boating accident...
Just a few thoughts for you!
Also, don't worry about trying to be seen as sane here. I have yet to meet anyone sane here (sorry, chaps!), but that's why I love my fellow silver apes. I get overloaded with knowledge on numismatics, then someone throws a poop grenade and we all laugh like kids.
I can already see my inbox filling up with people trying to convince me that they are the sane one here and it's everyone else who is the problem...!

Interesting and well argued points.  Gold is indeed king if you don't trust the banks or the government and are looking to protect your wealth in a safe haven which has been around and accepted as such for thousands of years, but a lot of people hold quantities of silver for other reasons, one of which is the perceived possibility of a future economic collapse and a complete currency crash.  Many consider this as a very real possibility in the not too distant future ( consider the apparently never ending obsession with the printing of money by the FED and the BOE) and in that instance silver might become useful in it's own right as an impromptu replacement for a crashed fiat currency and would be a lot easier to shift or use for trade than gold due to it's lesser value. Ditto that for just about any other SHTF scenario where your paper currency magically transforms into nothing more than little bits of worthless paper and all your lovely savings in the bank vanish on the day when without warning the banks close their doors and don't open them again...I saw the direct result of that very scenario in Bosnia when I was working there with SFOR after the war and often heard the story first hand from many who had experienced it when the banks shut up shop one Friday evening as normal and just didn't open when Monday came around. They lost everything in one fell swoop at the touch of a proverbial button and as far as I'm aware most of them never got anything back.
I'm sure there are other reasons both practical and aesthetic for holding silver and I wouldn't write it off completely...🤔

Interesting and well argued points.  Gold is indeed king if you don't trust the banks or the government and are looking to protect your wealth in a safe haven which has been around and accepted as such for thousands of years, but a lot of people hold quantities of silver for other reasons, one of which is the perceived possibility of a future economic collapse and a complete currency crash.  Many consider this as a very real possibility in the not too distant future ( consider the apparently never ending obsession with the printing of money by the FED and the BOE) and in that instance silver might become useful in it's own right as an impromptu replacement for a crashed fiat currency and would be a lot easier to shift or use for trade than gold due to it's lesser value. Ditto that for just about any other SHTF scenario where your paper currency magically transforms into nothing more than little bits of worthless paper and all your lovely savings in the bank vanish on the day when without warning the banks close their doors and don't open them again...I saw the direct result of that very scenario in Bosnia when I was working there with SFOR after the war and often heard the story first hand from many who had experienced it when the banks shut up shop one Friday evening as normal and just didn't open when Monday came around. They lost everything in one fell swoop at the touch of a proverbial button and as far as I'm aware most of them never got anything back.
I'm sure there are other reasons both practical and aesthetic for holding silver and I wouldn't write it off completely...🤔

Interesting and well argued points.  Gold is indeed king if you don't trust the banks or the government and are looking to protect your wealth in a safe haven which has been around and accepted as such for thousands of years, but a lot of people hold quantities of silver for other reasons, one of which is the perceived possibility of a future economic collapse and a complete currency crash.  Many consider this as a very real possibility in the not too distant future ( consider the apparently never ending obsession with the printing of money by the FED and the BOE) and in that instance silver might become useful in it's own right as an impromptu replacement for a crashed fiat currency and would be a lot easier to shift or use for trade than gold due to it's lesser value. Ditto that for just about any other SHTF scenario where your paper currency magically transforms into nothing more than little bits of worthless paper and all your lovely savings in the bank vanish on the day when without warning the banks close their doors and don't open them again...I saw the direct result of that very scenario in Bosnia when I was working there with SFOR after the war and often heard the story first hand from many who had experienced it when the banks shut up shop one Friday evening as normal and just didn't open when Monday came around. They lost everything in one fell swoop at the touch of a proverbial button and as far as I'm aware most of them never got anything back.
I'm sure there are other reasons both practical and aesthetic for holding silver and I wouldn't write it off completely...🤔

Interesting..🤔     I heard once that there are untapped gold reserves under the ground in Scotland but I can't remember if it was something I read or something that my Geography teacher told me at school (which would have been around the time the dinosaurs went extinct) and I don't even know if it's true or mere speculation, but it's an interesting prospect nonetheless...

I used todays envelope contents to light the log burner..🤣   I'll try to remember next time and post it here..

I used todays envelope contents to light the log burner..🤣   I'll try to remember next time and post it here..

.

Slightly off topic but still on the discussion of auction houses, their often noted lack of knowledge,  and their silly fees.
I enquired at a "specialist" auction house (Specialist because they specialise in selling only guitars) about selling one of my high end guitars which was hand made by one of the worlds premier luthiers. The price they suggested it would fetch was around £1500-1800 and from that I would have to pay a 15% sellers fee and a courier charge of £75 to get the guitar to them.  The buyer would have to pay an eye watering 26% buyers premium on top of the actual sale price.  Both their terms of business and their valuation of the guitar were clearly ridiculous and I rejected them immediately.  I later sold the guitar privately to a buyer who understood what it was and it's true second hand worth which was in fact closer to £3.5k.   It astounds me that so many of these auction house charlatans with apparently little knowledge who masquerade as specialists can continue in business and not get caught out.

Slightly off topic but still on the discussion of auction houses, their often noted lack of knowledge,  and their silly fees.
I enquired at a "specialist" auction house (Specialist because they specialise in selling only guitars) about selling one of my high end guitars which was hand made by one of the worlds premier luthiers. The price they suggested it would fetch was around £1500-1800 and from that I would have to pay a 15% sellers fee and a courier charge of £75 to get the guitar to them.  The buyer would have to pay an eye watering 26% buyers premium on top of the actual sale price.  Both their terms of business and their valuation of the guitar were clearly ridiculous and I rejected them immediately.  I later sold the guitar privately to a buyer who understood what it was and it's true second hand worth which was in fact closer to £3.5k.   It astounds me that so many of these auction house charlatans with apparently little knowledge who masquerade as specialists can continue in business and not get caught out.

Slightly off topic but still on the discussion of auction houses, their often noted lack of knowledge,  and their silly fees.
I enquired at a "specialist" auction house (Specialist because they specialise in selling only guitars) about selling one of my high end guitars which was hand made by one of the worlds premier luthiers. The price they suggested it would fetch was around £1500-1800 and from that I would have to pay a 15% sellers fee and a courier charge of £75 to get the guitar to them.  The buyer would have to pay an eye watering 26% buyers premium on top of the actual sale price.  Both their terms of business and their valuation of the guitar were clearly ridiculous and I rejected them immediately.  I later sold the guitar privately to a buyer who understood what it was and it's true second hand worth which was in fact closer to £3.5k.   It astounds me that so many of these auction house charlatans with apparently little knowledge who masquerade as specialists can continue in business and not get caught out.

I'm not addicted thankfully 😬
I buy because I like a design 
I buy because the price is good
I buy because I'm bored 
I buy because the wife bought a new handbag and I feel left out
I buy incase/hope the price goes up
I buy because the price comes down
I buy because I haven't bought in 2 days 🥳
Point being all my decisions are logical 👆😵‍💫

Can anyone shed any light on this coin and it's approximate value please. I have a number of silver proof coins and sets which I am considering selling but need to know what a reasonable asking price might be for them.  Most of the coins in my little collection present no problem as I can reference them online or via the 2022 coin yearbook but this one is a problem.  I purchased it directly from the Royal Mint sometime in the 1990s - presumably in 1993 - when things were still done in an analogue fashion and the mint would send a nice magazine to me through the post every six months or so with an order form at the back which I could fill in for anything I wanted and send a cheque back to them but after almost 30 years and numerous house moves I have lost my records of the sale and cannot find any information on it anywhere.  Does anyone have any ideas ..?   

Hi, numista is normally your best bet for these types of coins.
https://en.numista.com/catalogue/pieces66222.html
Sadly there is no great demand for this type of coin and they generally sell for spot plus a couple of pounds at best.
Nice coin though. Hope this helps.

Can anyone shed any light on this coin and it's approximate value please. I have a number of silver proof coins and sets which I am considering selling but need to know what a reasonable asking price might be for them.  Most of the coins in my little collection present no problem as I can reference them online or via the 2022 coin yearbook but this one is a problem.  I purchased it directly from the Royal Mint sometime in the 1990s - presumably in 1993 - when things were still done in an analogue fashion and the mint would send a nice magazine to me through the post every six months or so with an order form at the back which I could fill in for anything I wanted and send a cheque back to them but after almost 30 years and numerous house moves I have lost my records of the sale and cannot find any information on it anywhere.  Does anyone have any ideas ..?