ZRPMs

Really happy today with my new editions from @1stsovereign, A 1937 George VI and a 1989.

Got my 1937 and 1989 from @1stsovereign many thanks.

Spotted a few sovereign's that I could do with for the collection. Is the 18% buyer's premium plus VAT or inclusive of VAT?

Above is the only point I disagree with, the elephant in the room is silver production as a bi product of copper mining. However if prices are artificially suppressed for an extended period the result is always shortage. If Silver is moving east as is gold then the Comex (crimex) would soon run out of silver to deliver, which may happen but the price would react violently. That's Absolutely fine my friend. At the end of the day, Folk should make up their own mind for their own reasons. And to perhaps give your point of view more weight, I'm no finance expert, I'm just an average Joe in a rural part of the UK that likes to collect a few sovereigns and I suppose my bias lies there.

Great. I'll give you £50 a kilo profit on them. Oh bugger

In free market conditions I totally agree. Demand and utility would push the price up. However, with the amount of vested interest in the commodity by big business it's never allowed to get too expensive. We all agree, I feel, that the markets are manipulated. I'm not suggesting a conspiracy by one or two all powerful actors but more of a flow or direction of big industry and the financial markets. In this real world case, it's utility to them to make a monetary gain is far to important to allow the control of the price to be run as it would in a free market. Sounds counter intuitive but how do we explain it's real world suppression. I'm sure @HonestMoneyGoldSilver could produce a short dissertation or thesis on the increased uses of silver as an industrial metal in our ever increasing march towards a digital utopia and EV's. Yet silver is still languishing where it is price wise. As for " Profit is the only incentive to mine/recycle miners don't care if someone else wants cheap Silver." Your right But it's mined along side other metals and if we look at the production cost to the price of silver. It would seem that it's never allowed to get too far above it's production cost. Controlled in the financial markets. If the price drops below production cost miners hold till markets increase the price. Then to obtain funds locked up in the physical stock, will release when price goes close or above production cost. In short, Lots of moving parts and parties involved in silver, too many to allow the small number of investors to push the price up. Just my thoughts. feel free to disagree.

As most here I have a bit of silver. To be totally honest I don't know why, but I like to keep in-between 12/1 and 8/1 silver to gold, I think someone mentioned that coming out of the ground there is 8 times more silver to gold and it's stuck in my mind. My gold is in the form of coins and mostly sovereigns and the silver I have is mostly in the form of bars. I do prefer the kilo bars to the ounce coins though. The issue I have with silver is the premiums and the VAT. I do try to keep an eye on the average cost for both gold and silver. As some interesting metrics, Currently I'm at £1,627.96 oz on my gold and £20.08 oz on the silver. Also whilst I have 9.58 times more silver weight than gold, my gold value is 8.92 times more at spot prices than the silver. I just think silver as an industrial metal is too useful for industry to be allowed to get too pricey as an investment metal. Gold on the other hand as a tier 1 asset I think is the one to stack.

Totally agree. I don't see gold going back to £15.27 either. (even if Klaus get's his beach time)

Too much meat on my bones to be accused of being a vegan. Or cyclist for that matter.

It wrote it's self really. You first have to to be madder than a box of frogs. then, Have the time to confuse the algo on your computer to distraction.

Last week of April and the only update I have and all that can be said of me is I'm here to Again. I saw a lovely 1937 George VI, graded to PF63. and had to have it. On top of the 1oz Brit. They spoke to me on a spiritual level and I had to say "Savings be damned" So, You see, Although my piggy bank may not recover I do feel I have completed the goals. Just with borrowed fund's from the general household bills account. I will therefore, going forward give my updates as a minus amount from my in my next update until hopefully I am back in credit. I am aware folk may think But thought it may look odd if I start updating with Debt.

Good weather report. Lets move away from this winter of discontent. With a good push through the spring of possibilities and on to a summer of............. Dear lord what's the hell am I prattling on about. Onwards and upwards.

Nothing fancy to it. just pick up what you can, when you can. Started with just best value sovereigns. Bought from many sources, auctions, dealers, pawn shops, jewellers. just keep your eyes open for deals. As time went by and the collection developed that's when I started to seek out specific years and mints. I also try to keep my average spend or cost of a sovereign at or near the average cost of a best buy sovereign. As an example when I started I was picking up sovereigns for sub £200 roll on a few years and I was then paying £300. But the £ cost average for them might have only been £250 because of the number of sovereigns bought at £200. It's at this point in the collection I picked up slightly more expensive sovereigns. Proof, scarce or even a few rare ones. Time and the increasing price of gold has helped me here. Move forward to today and my collection has a rough £ cost average of £390 for the full and £190 for the half. Yet recently I have bought some 4 figure price tagged sovereigns. The latest is the 1937 George VI graded at PF63. There is no real secret, anything is possible with a little time and perseverance. Don't leave yourself short and only spent what you can afford not to need in the immediate future. Buy little and often. Have I made a few sacrifices? of course. I'd rather put the pennies aside than buy the latest phone. I don't need to frequent Starbucks or Costa for my daily choco moco frapachipolata coffee. Nescafe in the flask is fine. you get the drift.

When your starting I'd stick to just getting the best value ones as and when you can. If you keep an eye out on the likes of the forum here you'll see some pop up at great prices relative to current best value sovereigns. These you can pick and choose the dates. But until you have a good base best to just pick up any year you don't have. The date runs will start to appear.

The collection is quite varied and does contain different denomination coins but as for the sovereigns there are now just under 500 full and just under 100 half's with a few double and quintuple ones also.

Since about 2016 for this round of collecting.

Aaaaaaaaaand there were 43. 1989 boxed off the list also.

Many thanks to @Skyfiller for passing and @1stsovereign for selling to me. Another one off the list.

Have I mixed list 1 and list 2 up. List 2 contains coins that require my spare organs. Kidney, Lung, I can spare a finger or two. Bit of the liver (it grows back right). The trouble with some folk is that they lack commitment. Set your goal, See your goal, Go for the goal.

Caviar in tomato sauce for a while now. PF63 no less

Just got the 1937 sorted. Can't wait for it to arrive. Sad I know.

Yes, If @Skyfiller say's no.

Well done that woman. Give her a night off tonight and take her out for a meal. I did it once with my good lady. Although mine complained I hadn't shared out the fish and chips equally and thought the park bench was not the seated area she had in mind when I told her I was taking her out for a sit down meal.

Ye of little faith. Bet you thought it was rude.

NEVER. how else could forum members practice and exercise Schadenfreude.