Ted1945

Just a small local purchase whilst in town today! No postage so very competitive compared to anything on-line today!

Definitely one of my favourites as well….bought these from Chards 14 years ago!

2022 Jubilee halves (not sure how these had escaped me previously) courtesy of Philatelic Heritage 👍🏼

Reasons to be cheerful ….
chance to own a little bit of history to pass on and admire when I need cheering up 
Owning some mini works of art and amazing creations and the “one day Rodney “ hope some will come good 
Full filling hobby that doesn’t drain my disposable income and leave me with nothing to show for it 

all the stuff I don’t know but am enjoying learning about 
Getting to know some great like minded characters through the forum and having a laugh 
The strange feeling I get knowing I can’t really talk about my hobby to the uninitiated 
having a reserve the banks nor  HMT can get their hands on which give some hope for the future whilst everything appears F UP
 
 

Reasons to be cheerful ….
chance to own a little bit of history to pass on and admire when I need cheering up 
Owning some mini works of art and amazing creations and the “one day Rodney “ hope some will come good 
Full filling hobby that doesn’t drain my disposable income and leave me with nothing to show for it 

all the stuff I don’t know but am enjoying learning about 
Getting to know some great like minded characters through the forum and having a laugh 
The strange feeling I get knowing I can’t really talk about my hobby to the uninitiated 
having a reserve the banks nor  HMT can get their hands on which give some hope for the future whilst everything appears F UP
 
 

Not combining physical with more liquid/tighter spreads paper (gold fund) is another potential miss. As part of a broader asset allocation and rebalancing once/year your gold exposure will tend to rise/fall 

PAXG by PAXOS has caught my attention recently. I've not been into crypto at all, but I am contemplating a first step into PAXG. More along the lines of direct purchase/sales (with paxos) rather than through the crypto exchanges. With direct they actually buy (sell) physical gold 1:1. As part of that you pay a creation (destruction) fee i.e. them creating (destroying) PAXG tokens by buying (selling) physical gold. Nice being able to buy/sell any amounts near instantly, with relatively low spreads/costs. With direct you can only buy/sell during gold market trading hours, but you have the fallback option of being able to buy/sell 24/7 via the exchanges and where you can rotate into other currencies/crypto choices.
If you started in 1987 with one ounce of gold, and twice that gold value in stocks (MKL and BRK (which is Berkshire Hathaway i.e. Warren Buffett)), rebalancing yearly to thirds each equal capital values in gold, MKL, BRK, then by the 2000's you were holding 11 times more ounces of gold, but where subsequently to 2012 you saw that near halve down to less than 6 ounces being held. But where by 2022 that had risen to 13 ounces being held. If you were doing that via physical gold/coins then the repeated buy/sell spreads would eat a chunk out of your overall rewards.
Paxos are going down the compliant/regulated path, and use the more advanced Ethereum network, that is more a case of being a network of programs rather than just records, both of which are more inclined to prevail mid/longer term. 
For smaller amounts Bullion Vault still has the edge on price/cost, PaxG becomes more cost effective for larger amounts.
Whichever way you hold gold there are distinct risks to each choice/method. Diversifying across a range of methods/choics reduces that risk. Is more inclined to encounter one of the risks occurring, but involves less of a loss.

Getting sucked into bidding fever whilst supposedly only viewing online auctions whoops hey ho 

Reasons to be cheerful ….
chance to own a little bit of history to pass on and admire when I need cheering up 
Owning some mini works of art and amazing creations and the “one day Rodney “ hope some will come good 
Full filling hobby that doesn’t drain my disposable income and leave me with nothing to show for it 

all the stuff I don’t know but am enjoying learning about 
Getting to know some great like minded characters through the forum and having a laugh 
The strange feeling I get knowing I can’t really talk about my hobby to the uninitiated 
having a reserve the banks nor  HMT can get their hands on which give some hope for the future whilst everything appears F UP
 
 

Reasons to be cheerful ….
chance to own a little bit of history to pass on and admire when I need cheering up 
Owning some mini works of art and amazing creations and the “one day Rodney “ hope some will come good 
Full filling hobby that doesn’t drain my disposable income and leave me with nothing to show for it 

all the stuff I don’t know but am enjoying learning about 
Getting to know some great like minded characters through the forum and having a laugh 
The strange feeling I get knowing I can’t really talk about my hobby to the uninitiated 
having a reserve the banks nor  HMT can get their hands on which give some hope for the future whilst everything appears F UP
 
 

- Makes me feel like a pirate
- more interesting savings account than money in the bank
- I like the fact it’s savings that are removed from the ‘system’ and I’m in control of them (to a certain degree)
- can move my PM’s on to others in the future
- gives me something tangible to hold and enjoy as well as considering all that history in some of the coins

S Club 7. Same league I believe.
I liked the Greek one. Bit dirty. Cheap almost.

Finally got to unpack this little bundle of joy 
huge thanks to golddiggerDave for sorting the grading out and being very patient with me  
totally recommend him to anyone 

According to the EMH (Efficient Market Hypothesis, often maligned) it is impossible to perfectly time markets and to consistently outperform the market over long horizons. Like everybody else here I regret not buying at the right time and holding for X years to realise those gains (Hindsight Bias). These kind of thoughts are common but irrational as they assume you had information when gold was £X/oz that you didn't actually have. To comfort our irrational minds, here are some proverbs and sayings about trees:
The best time to plant a tree was 20 years ago. The second best time is now ― Chinese Proverb The true meaning of life is to plant trees, under whose shade you do not expect to sit – Nelson Henderson He that plants trees, loves others besides himself – Thomas Fuller The great French Marshall Lyautey once asked his gardener to plant a tree. The gardener objected that the tree was slow growing and wouldn't reach maturity for 100 years. The Marshall replied, "In that case, there is no time to lose; plant it this afternoon!"

Another mistake 
optimistically waiting for RM account managers to call back / answer e mail only to realise they are on long term sick … again  …. repeat 

Yes a fantastic model for them and I am a bit worried it’s something the bright little things will push upon us going forward more and more  
Not that I’m in the Marque club but I’d be  a bit hacked off with the lack of originality coughing up all that for access to …… a nice box and readily available coins 
 
 
 

Yes a fantastic model for them and I am a bit worried it’s something the bright little things will push upon us going forward more and more  
Not that I’m in the Marque club but I’d be  a bit hacked off with the lack of originality coughing up all that for access to …… a nice box and readily available coins 
 
 
 

Latest additions

 
The collection of them is starting to grow

1959 Diez Pesos (probably a restrike)
Purchased a 10 peso coin at the London Coin Fair the other day - it's a little bit larger than a sovereign, .900 with 7.5g gold content.
The finish is in pretty good nick, although there are some abrasions visible on the obverse.



 

 

Regret not finding this place sooner,.
Not selling unwanted silver sooner.
Whereas after a couple of years dithering, possibly selling proofs the wrong time, or was it too cheaply due to laziness maybe or dumb ignorance. 

The real Gothic Crowns were cheap 10 years ago, compared to what they sell for today. Not that I had the wisdom to buy any back then. I even remember reading an article where someone described buying a plain rim UNC Gothic for $8,000 (aussie pesos), and I thought it's nuts to pay that much.  Then again, back then I wouldn't have been knowledgeable enough to avoid even a dead-certain fake, so could've just as well lost it all.
My biggest regrets are not starting way earlier with older (pre-Vic) sovs & high quality Crowns, and spending money on grading coins that did not benefit from getting slabbed.
 

Mistake = Handling a proof coin 
 
 

Another mistake 
optimistically waiting for RM account managers to call back / answer e mail only to realise they are on long term sick … again  …. repeat 

Mistake = Handling a proof coin 
 
 

I have a few bullion coins from the RM,old ones, in fancy envelopes …I think gold needs to go to Mars let alone the moon  before I’ll recoup the premium 
 

I have a few bullion coins from the RM,old ones, in fancy envelopes …I think gold needs to go to Mars let alone the moon  before I’ll recoup the premium