Rookie

3 x 1958 sovereigns -
£415 inc post SD each   
or
all 3 together for  £1220 posted SD
Payment by BT .
 
 

Tell me now

Could dip further this week 🤔 looking like it might drop below £1540 anytime soon

It's the same old same old isn't it with prices.  Started buying about 7 years ago. Still keeping way ahead of inflation.  That's better than my rubbish pension pot!

Bank of England Interest Rate Increase - Yet Gold and Precious Metals Higher as Pound Drops Against US Dollar
From the BBC News:
Biggest interest rate hike in decades as Bank warns of long recession.
Pound drops following interest rate move
Sterling fell sharply following the the Bank of England's interest rate decision.
The Bank's warnings over a prolonged recession saw the pound drop by nearly 2% to 1.12 against the US dollar in London trading. It also finished 0.7% lower against the euro.
The 0.75% increase to 3.0% was clearly intended to help steady and support the pound after the recent US Fed rate rise, but contrary to expectation the pouhd sterling dropped another 2 cents, to just below $1.12
As recently as Monday, it had been trading at above $1.16 making for a 4 cent fall on the week.
S.A News had this headline:
Gold prices slide to lowest in two-and-a-half years following latest Fed rate hike.
But in sterling terms the news was almost the opposite, for example Kitco's headline:
Gold price continues to rise against British pound as BoE governor said inflation threat has never been higher
So, on Monday we saw gold prices around £1415, we are now seeing it at almost £1460 per ounce.
In dollar terms, gold was around $1632 on Monday, rising to around $1655 only yesterday Wednesday, with one short spike to almost $1665; gold dropped to below $1620 earlier today, and is now about $1630 having been as low as $1617.
Despite the headlines, gold in dollars is almost exactly where it started the week, whereas the price in pounds is about £40 higher.
It sounds like the foreign exchange markets expect UK interest rates to rise again soon, although possibly the big damper was the Bank's gloomy recession warning.
What I don't understand here is why the outlook has turned so doomy in just a few days.
Is this still backwash from the Liz Truss / Kwasi Kwarteng fiasco, despite Rishi Sunak promising tax increases in place of tax cuts? Perhaps Truss / Kwarteng caused shook market confidence more than anyone realised. It is almost certain that if they were still in power, that sterling would be trading below parity to the dollar.
😎 - I use this emoji more in hope for the future.

and there we have it
Silver down nearly -10% for the week, i rest my case
Those paper pushers over in Mickey Mouse land are predictable, i will say that  

1965 Mis-Struck Gillick Portrait Gold Sovereign
I came across this interesting mis-strike a while ago, but only just got to see the photos:
 
It now looks like some raised lettering on the mis-struck portion, but that makes no sense to me.
The reverse looks quite normal:

Although it does have a number of curious marks and evidence of some kind of damage, but not in the area which corresponds with the obverse "damage".
It's alloy composition is within the expected range, although the silver content is notable for a modern (QEII) sovereign:

I hope Doug might have ironed the Niton results test sheet before he photographed it.
Lastly, another photo of the obverse:

I can only conclude that some debris got between the obverse die and the blank before it was struck.
We should have got a photo of the affected part of the edge!
😎

You will upload a video of yourself dancing to Celine Dion "drove all night"

Gold Monitoring Thread £ GBP only
While much of the time, it makes sense to monitor gold prices, or any other commodity, in terms of pounds sterling, sometimes it makes sense to also look at gold price in US Dollars:
Here is a 12 month price graph in pounds:

Which shows gold went up from about £1280 in September 2021, peaked above £1550 in March 2022, dropped back to about £1420 in late August, and now stands near its one year high at £1525; a rise of about £245 or about 19%.
But:
Now look at the same 12 month price graph in but in US Dollars:

This  shows gold went up from about $1725 in September 2021, peaked about $2050 in March 2022, dropped back and  now stands near its one year low at $1660; a drop of about £65 or about 3.8%.
A big difference between the two graphs.
An Englishman and an American discussing gold prices over a beer, might never agree which way gold had moved.
Has gold gone up or down over the past year?
Is it possible to reach a sound conclusion?
I believe it is equally valid to consider that gold has not moved in value over the course of the whole year, but that the value of the USD has increased slightly, while the value of GBP has dropped by about 19%
It may be impossible to adjudicate which of the three views is correct, but accepting my "stable gold" viewpoint might just be the only way to settle the bar room argument between the English and the Americans.
😎
 
 

Looking at the selling section of the forum i see recent lots that have gone up - there is a member who put up some Britannias "25 x 2022 1oz Silver Brittanias £530 + postage." - another was "2013 silver Britannias mint sealed tube £450 delivered"
These seem a decent price. You are really going to struggle to get decent coins for under £20/oz. You can get old circulation 50% coins for less - certainly less than £20 and you might find some more collectible coins in a lot but in general they aren't much collected, hence there isn't much premium. 

Welcome, if silver is your thing you wont get much cheaper than this post that popped up a few minutes ago
 

Welcome to the forum! Glad to have brought you into the fold!

Hey Rookie,
Welcome to the forum, get looking in the UK Ungraded sections there are some gold sovs and 1kg silver bars availability right now 👍

Welcome aboard and enjoy the ride!

You're welcome buddy 🙂 

Welcome to the forum! 

Welcome to the forum!  

... abd the gold membership is worth...
😎

this deal alone if you can still get some is why the silver membership at least is worth its weight in gold, welcome aboard matey...

Welcome aboard @Rookie take your time and enjoy the journey. 

Hello Everyone,
As my username suggests, I am a complete rookie looking to start investing in physical metals. Found the site via Backyard Bullion on Youtube. I hope to learn what the best approach is for someone resident in the UK to grow their investment with modest outlay and no experience. I am chomping at the proverbial bit to get my hands on some physical silver (really fancy a 1kg bar), but it seems, from my meagre research, that premiums are prohibitive for UK dwellers and that gold is the best course of action if I want to hold a physical metal? That being said, sales posts on here seem reasonable (thanks BYB for the help!), and it got me to thinking; What is a sensible % of premium on top of spot price for Ag, considering an investment time horizon of 10+ years?
Looking forward to learning more on here,
All The Best.

Hello Everyone,
As my username suggests, I am a complete rookie looking to start investing in physical metals. Found the site via Backyard Bullion on Youtube. I hope to learn what the best approach is for someone resident in the UK to grow their investment with modest outlay and no experience. I am chomping at the proverbial bit to get my hands on some physical silver (really fancy a 1kg bar), but it seems, from my meagre research, that premiums are prohibitive for UK dwellers and that gold is the best course of action if I want to hold a physical metal? That being said, sales posts on here seem reasonable (thanks BYB for the help!), and it got me to thinking; What is a sensible % of premium on top of spot price for Ag, considering an investment time horizon of 10+ years?
Looking forward to learning more on here,
All The Best.

I am too new to have any sort of feelings yet, but my focus is on investing and wealth preservation and growth via metals. I am a bit of a collector already (vinyl records, trading cards, board games) so I suspect I'll be quite susceptible to a shiny rare coin or two! 

Hello Everyone,
As my username suggests, I am a complete rookie looking to start investing in physical metals. Found the site via Backyard Bullion on Youtube. I hope to learn what the best approach is for someone resident in the UK to grow their investment with modest outlay and no experience. I am chomping at the proverbial bit to get my hands on some physical silver (really fancy a 1kg bar), but it seems, from my meagre research, that premiums are prohibitive for UK dwellers and that gold is the best course of action if I want to hold a physical metal? That being said, sales posts on here seem reasonable (thanks BYB for the help!), and it got me to thinking; What is a sensible % of premium on top of spot price for Ag, considering an investment time horizon of 10+ years?
Looking forward to learning more on here,
All The Best.