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HonestMoneyGoldSilver

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  1. Super Like
    HonestMoneyGoldSilver reacted to DuncanWylieWilson in 🏴󠁧󠁢󠁥󠁮󠁧󠁿 England Gold Angel 'Touch Piece' 1660-1685 – Charles II – £2,200 Posted – UK   
    🏴󠁧󠁢󠁥󠁮󠁧󠁿 England Gold Angel 'Touch Piece' 1660-1685 – Charles II
    A very pleasing example of this rare and desirable ceremonial medallic issue. Holed as issued with comparatively fewer distractions versus many previously sold counterparts. The example on offer has been lightly cleaned but has not been mounted, bent, or soldered.
    This is the larger issue with a diameter of approximately 22 mm and a weight of around 3.70 grams. More worn examples tend to fall south of 3.5 grams with those in better states of preservation being north of this.
    Compare with some previously auctioned pieces (including relevant fees and buyer's premium)...
    £3,075 ($3,840) – 2023 October 22 - 23 Spotlight: Great Britain World Coins Showcase Auction #61344 / Lot #25065: https://coins.ha.com/itm/great-britain/great-britain-charles-ii-gold-touch-piece-medal-nd-1661-vf-details-holed-ngc-/a/61344-25065.s?ic4=ListView-ShortDescription-071515
    £1,935 – Auction: 22106 - Spink Numismatic e-Circular 18 - British and World Coins, Medals and Tokens - e-Auction
    Lot: 1507 (hammer of £1,500 Subject to 5% tax on Hammer Price in addition to 20% VAT on Buyer’s Premium): https://www.spink.com/lot/22106001507
    £1,612 – Auction: 21004 - The Sir Rodney Sweetnam KCVO CBE Collection of English Gold Coins and Other Properties - Conducted behind closed doors
    Lot: 35 (hammer of £1,300 Subject to 20% VAT on Buyer’s Premium): https://spink.com/lot/21004000035
    £1,320 ($1,650) – Research Coins: The Coin Shop CNG: https://cngcoins.com/Coin.aspx?CoinID=298838#
    There is a deep and significant history behind these gold 'touch pieces' stemming back to the age-old belief that monarchs exhibited Christ-like healing abilities and that those touched by the monarch could be healed. The Stuart Restoration of 1660 seen the reintroduction of the ceremonial practice of 'touching for the King's evil' by Charles II. 'The King's evil' was a colloquial name used to refer to an illness known as scrofula, a tuberculous swelling of the lymph glands. The ceremony consisted of King Charles II laying his hand on the afflicted prior to them being presented with a pre-holed gold token to be worn around the neck with a ribbon. This showed that they had been healed by the King.
    The obverse depicts Saint Michael slaying Satan in the form of a dragon and the reverse boasts a ship at sea with legend around.
    These gold angel 'touch pieces' were produced at The Royal Mint at Tower Hill, London.
    🏷️ Price is £2,200 GBP / €2,570 / $2,745 USD
    Price includes fully-insured worldwide shipping.
    Payment via bank transfer to UK business bank account, PayPal, or debit and credit card via my website.
    Thank you! 🌟





    IMG_6363.MOV  
     
  2. Like
    HonestMoneyGoldSilver got a reaction from Thelonerangershorse in Different gold types   
    I can give you some basics but there are much better coin experts on TSF than me:
    1) A sovereign is 7.998 grams of 91.7% gold (22 Karat), or an AGW (Actual Gold Weight) equivalent of 7.322g fine gold (999/9999 gold or 24 Karat). A sovereign = £1
    2) A double sovereign is like the name suggests - double the gold weight of a regular sovereign and = £2
    3) A modern Britannia coin is 99.99% gold (24 Karat). The AGW (Actual Gold Weight) is equivalent to the weight of the coin - e.g. a 1oz Britannia is 1oz of fine gold
    4) Those are Troy Ounces (31.1035g) not metric ounces (28.35g)
    5) The design can make a difference to the premium although premiums are generally more closely tied to scarcity than the subjective beauty of the design
    6) For investment stacking you don't need to consider the design you should concentrate on AGW (Actual Gold Weight) and low premiums
    7) In the UK an important component of stacking gold is CGT-exempt coins. CGT = Capital Gains Tax. Any coin produced by the Royal Mint that has a face value (£1, £2, £100, etc) is CGT-exempt. This means you can buy and sell an unlimited amount of these coins without having to declare your profit to HMRC - i.e. these coins are completely tax free, no taxable events take place when buying/selling as a private individual
    8 ) Other gold coins like world gold and some coins produced by the Royal Mint may not be CGT-exempt, so taxes might be due on realised profits above the CGT threshold (currently £3000/tax year). There is a whole library on the HMRC website detailing which coins are and are not CGT-exempt. The simple rule is as above - sovereigns are CGT-exempt as is any coin with a face value. Note that gold bars, even Britannia gold bars produced by the Royal Mint, are not CGT-exempt
    9) For pure investment purposes you want the lowest premium coins that are still highly liquid, CGT-exempt and recognised globally. By those 4 metrics the single best coin to stack is arguably the sovereign and the half-sovereign (half the AGW of a sovereign). Any other CGT-exempt coin like the Britannia is just as good as a sovereign if you can get a similar size at the same premium, however, the premium for the closest equivalent AGW Britannia (1/4 oz) tends to be slightly higher than the premium on sovereigns, but not always
    10) In short for simplicity you want to stack sovereigns and 1/4oz Britannias. If you have a slightly larger budget then buying 1oz Britannias (or any other CGT-exempt coin) is a good option. The premiums on 1oz coins are slightly lower but the trade-off is it's harder to sell a 1oz gold coin than a 1/4oz gold coin or 1/10oz gold coin. The smaller the coin the more liquid (easy to sell) the coin becomes. For this reason the smaller coins (half-sovereigns, 1/10th ounce, 1/20th ounce) are becoming more popular as the price of gold increases
    11) There are all sorts of pros and cons with regards collectible gold like "shield" sovereigns, scarce coins, world and historic gold, etc. Before buying these you should do your own research. It's possible that some collectible (numismatic) coins will end up as better investments than bullion (best value) coins but you need to understand the market before paying extra premiums for collectible or world gold coins
    12) The same rules about CGT-exemption also apply to silver - i.e. silver coins produced by the Royal Mint with a face value (£2, £5, £10, etc) are CGT-exempt. For this reason most silver stackers in the UK have Britannias and other CGT-exempt coins as the cornerstone of their silver stack. The CGT thing is less of a problem with silver though. Feel free to buy some world silver coins like Perth Mint, Germania, KOMSCO, etc. The coins from those mints tend to be higher quality than modern Royal Mint silver coins and so keep their premiums better than Royal Mint coins - i.e. better for resale if/when the time comes to sell
    13) Remember that investment gold is VAT-exempt in the UK whereas silver is not VAT-exempt. By default this makes gold a better investment choice in the UK than silver. Having said that you won't be paying VAT on silver on TSF, so buying silver here on The Silver Forum can be very attractive
  3. Super Like
    HonestMoneyGoldSilver reacted to SilverGlutton in Your Most Recent Silver Acquisition To Your Stack/Collection   
    Yes, I know newbies such as myself are prone to post threads such as this one right off
    the get go lol, so with that being said, let's see your most recent acquisition of Silver, I know I would
    like to and would find it quite interesting as others might find it such as well!
    I'll start off with my most recent which would be a 10oz The Three Graces Silver Bar.
    Sure is a stunning Silver bar limited to 6,100 pieces from the Royal Mint. 
    @ $343 total is a great addition to my silver stack and brought my 
    cost average up only 14 measly cents! 👍
     
     
     

  4. Super Like
    HonestMoneyGoldSilver reacted to James32 in Your Most Recent Silver Acquisition To Your Stack/Collection   
    There's a few threads already to give you some inspiration. 
    https://www.thesilverforum.com/topic/11158-today-i-received/
  5. Super Like
    HonestMoneyGoldSilver reacted to wakeywakey in 1oz silver Britannia coins   
    Hi everyone  I have for sale 41, 1oz silver Britannia coins all came from royal mint each one put straight into tubes not touched from new , Iam  looking for £24 per oz please , I will do a deal for anyone who  would be  willing to buy all of the 41 or close I will not be offended  by any offers , but please make them reasonable, will send photos on interest ,as you can see I'm relatively new the forum from my selling ,buying  history but,  stacked for years so would send first to a high grade member ,thanksguys and girls wakey!! 
  6. Like
    HonestMoneyGoldSilver reacted to Esjayc in Different gold types   
    @martysov I go for sovereigns as the premium which is paid for them over the spot price, is lower (generally) than on britannias.
     
    Sovereign in 22kt versus 999 fine gold Britannia...
    A comparable, would be to look at Royal Mint or a dealer's website for the price of their 'best value sovereign' versus the '1/4 Britannia'. Of course, sov is 22kt, brit will be 24kt (if since 2013) and a slight weight difference. But these are the most 'comparable' in size/weight of the range of sovereigns and Britannia coins. You'll find the premium on 1/4 Oz brits is more than a sovereign.
     
    Silver versus gold - everyone will have a different view, a different strategy - here's mine...
    It doesn't hurt to diversify on silver. But silver is expensive if bought new from Royal Mint or a dealer - you pay VAT on it and a premium over spot price. 
    When I started obtaining precious metals as investment several years ago, I bought silver (and 1g gold) bars and a couple of sovereigns... I then did some research and learnt that CGT (capital gains tax) could come into play with bars... sure enough, CGT threshold has been decreased over the recent years, and is now only £3000 per tax year. Who knows if they might make the CGT allowance £0. You never know.
    Investments are about balancing (for your personal beliefs and feelings of what you're comfortable with) the risk, potential reward under that risk, diversification, and limiting /mitigating known liabilities (e.g. CGT).
    So I got rid of all my silver bars, gold bars, and converted the £ received into sovereigns which are CGT exempt. I have some Britannias, which I only pick up when the price is right. The smaller ones tend to be more easy to sell on... and if gold continues to climb, it'll likely be harder to sell a 1Oz Britannia than a 1/10 or 1/4 Oz.
    I have occasionally picked up second hand 999 fine silver 1oz Britannias (CGT exempt) if they are close to or just above spot (second hand). My view is that silver is a very long term investment, and not my primary one. Gold seems to do better, sell quicker. You often find 'milk spots' on silver Britannias. This puts off some people, and some will pay less - but it doesn't affect silver content. Something to also be mindful of.
    Also in terms of CGT... bars, even if minted at Royal Mint, are not CGT exempt. Only the coins with a UK face value (e.g. £10) are CGT exempt, as they're classed as legal tender.
    For my exit strategy (I'm mid 30s and see gold as a long term investment / part of retirement fund), I have seen people buying 'best value' or 'bullion' sovereigns due to low premiums, and then easily able to sell them on quickly. I imagine this still to be the case going forward, and safeguards me against CGT liability, and why I focus on sovereigns and half sovereigns. Worst case - if I need to sell to a dealer, they'll happily take them, as they can sell them easily.
    When I've come to selling the odd coin here and there, and when I've seen people advertising to sell, it seems generally that the buyers want to buy silver as cheap as possible... people buy gold, simply because it's gold, if the price is fair and reasonable. Sovereigns will always sell.
     
    Hopefully that is helpful. Don't hesitate if you have any other questions. I may not necessarily have the answers, but there is a wealth of knowledge (and opinions!) on The Silver Forum 🙂
     
  7. Like
    HonestMoneyGoldSilver reacted to martysov in Different gold types   
    Thank you both for a very thoughtful and well explained assessment of what I asked.
     
    Is there a reason you would go sovereign rather than a full gold coin? Also what about silver? Is that a good choice?
     
    Thank you
  8. Super Like
    HonestMoneyGoldSilver reacted to gji25 in 2023 maple leaf ( silver)   
    £25 plus post of your choice
     


  9. Thanks
    HonestMoneyGoldSilver got a reaction from ConorCoins in Different gold types   
    I can give you some basics but there are much better coin experts on TSF than me:
    1) A sovereign is 7.998 grams of 91.7% gold (22 Karat), or an AGW (Actual Gold Weight) equivalent of 7.322g fine gold (999/9999 gold or 24 Karat). A sovereign = £1
    2) A double sovereign is like the name suggests - double the gold weight of a regular sovereign and = £2
    3) A modern Britannia coin is 99.99% gold (24 Karat). The AGW (Actual Gold Weight) is equivalent to the weight of the coin - e.g. a 1oz Britannia is 1oz of fine gold
    4) Those are Troy Ounces (31.1035g) not metric ounces (28.35g)
    5) The design can make a difference to the premium although premiums are generally more closely tied to scarcity than the subjective beauty of the design
    6) For investment stacking you don't need to consider the design you should concentrate on AGW (Actual Gold Weight) and low premiums
    7) In the UK an important component of stacking gold is CGT-exempt coins. CGT = Capital Gains Tax. Any coin produced by the Royal Mint that has a face value (£1, £2, £100, etc) is CGT-exempt. This means you can buy and sell an unlimited amount of these coins without having to declare your profit to HMRC - i.e. these coins are completely tax free, no taxable events take place when buying/selling as a private individual
    8 ) Other gold coins like world gold and some coins produced by the Royal Mint may not be CGT-exempt, so taxes might be due on realised profits above the CGT threshold (currently £3000/tax year). There is a whole library on the HMRC website detailing which coins are and are not CGT-exempt. The simple rule is as above - sovereigns are CGT-exempt as is any coin with a face value. Note that gold bars, even Britannia gold bars produced by the Royal Mint, are not CGT-exempt
    9) For pure investment purposes you want the lowest premium coins that are still highly liquid, CGT-exempt and recognised globally. By those 4 metrics the single best coin to stack is arguably the sovereign and the half-sovereign (half the AGW of a sovereign). Any other CGT-exempt coin like the Britannia is just as good as a sovereign if you can get a similar size at the same premium, however, the premium for the closest equivalent AGW Britannia (1/4 oz) tends to be slightly higher than the premium on sovereigns, but not always
    10) In short for simplicity you want to stack sovereigns and 1/4oz Britannias. If you have a slightly larger budget then buying 1oz Britannias (or any other CGT-exempt coin) is a good option. The premiums on 1oz coins are slightly lower but the trade-off is it's harder to sell a 1oz gold coin than a 1/4oz gold coin or 1/10oz gold coin. The smaller the coin the more liquid (easy to sell) the coin becomes. For this reason the smaller coins (half-sovereigns, 1/10th ounce, 1/20th ounce) are becoming more popular as the price of gold increases
    11) There are all sorts of pros and cons with regards collectible gold like "shield" sovereigns, scarce coins, world and historic gold, etc. Before buying these you should do your own research. It's possible that some collectible (numismatic) coins will end up as better investments than bullion (best value) coins but you need to understand the market before paying extra premiums for collectible or world gold coins
    12) The same rules about CGT-exemption also apply to silver - i.e. silver coins produced by the Royal Mint with a face value (£2, £5, £10, etc) are CGT-exempt. For this reason most silver stackers in the UK have Britannias and other CGT-exempt coins as the cornerstone of their silver stack. The CGT thing is less of a problem with silver though. Feel free to buy some world silver coins like Perth Mint, Germania, KOMSCO, etc. The coins from those mints tend to be higher quality than modern Royal Mint silver coins and so keep their premiums better than Royal Mint coins - i.e. better for resale if/when the time comes to sell
    13) Remember that investment gold is VAT-exempt in the UK whereas silver is not VAT-exempt. By default this makes gold a better investment choice in the UK than silver. Having said that you won't be paying VAT on silver on TSF, so buying silver here on The Silver Forum can be very attractive
  10. Super Like
    HonestMoneyGoldSilver reacted to iacabu in 1 kilo Kookaburra   
    2013 1 Kilo Australian Kookaburra 
    Has dents and handling marks. A great coin to hold and you can enjoy it more in this condition, in my opinion. 
     
    £775 ono. Plus post (£15 SD) 



  11. Like
    HonestMoneyGoldSilver got a reaction from Skyfiller in Different gold types   
    I can give you some basics but there are much better coin experts on TSF than me:
    1) A sovereign is 7.998 grams of 91.7% gold (22 Karat), or an AGW (Actual Gold Weight) equivalent of 7.322g fine gold (999/9999 gold or 24 Karat). A sovereign = £1
    2) A double sovereign is like the name suggests - double the gold weight of a regular sovereign and = £2
    3) A modern Britannia coin is 99.99% gold (24 Karat). The AGW (Actual Gold Weight) is equivalent to the weight of the coin - e.g. a 1oz Britannia is 1oz of fine gold
    4) Those are Troy Ounces (31.1035g) not metric ounces (28.35g)
    5) The design can make a difference to the premium although premiums are generally more closely tied to scarcity than the subjective beauty of the design
    6) For investment stacking you don't need to consider the design you should concentrate on AGW (Actual Gold Weight) and low premiums
    7) In the UK an important component of stacking gold is CGT-exempt coins. CGT = Capital Gains Tax. Any coin produced by the Royal Mint that has a face value (£1, £2, £100, etc) is CGT-exempt. This means you can buy and sell an unlimited amount of these coins without having to declare your profit to HMRC - i.e. these coins are completely tax free, no taxable events take place when buying/selling as a private individual
    8 ) Other gold coins like world gold and some coins produced by the Royal Mint may not be CGT-exempt, so taxes might be due on realised profits above the CGT threshold (currently £3000/tax year). There is a whole library on the HMRC website detailing which coins are and are not CGT-exempt. The simple rule is as above - sovereigns are CGT-exempt as is any coin with a face value. Note that gold bars, even Britannia gold bars produced by the Royal Mint, are not CGT-exempt
    9) For pure investment purposes you want the lowest premium coins that are still highly liquid, CGT-exempt and recognised globally. By those 4 metrics the single best coin to stack is arguably the sovereign and the half-sovereign (half the AGW of a sovereign). Any other CGT-exempt coin like the Britannia is just as good as a sovereign if you can get a similar size at the same premium, however, the premium for the closest equivalent AGW Britannia (1/4 oz) tends to be slightly higher than the premium on sovereigns, but not always
    10) In short for simplicity you want to stack sovereigns and 1/4oz Britannias. If you have a slightly larger budget then buying 1oz Britannias (or any other CGT-exempt coin) is a good option. The premiums on 1oz coins are slightly lower but the trade-off is it's harder to sell a 1oz gold coin than a 1/4oz gold coin or 1/10oz gold coin. The smaller the coin the more liquid (easy to sell) the coin becomes. For this reason the smaller coins (half-sovereigns, 1/10th ounce, 1/20th ounce) are becoming more popular as the price of gold increases
    11) There are all sorts of pros and cons with regards collectible gold like "shield" sovereigns, scarce coins, world and historic gold, etc. Before buying these you should do your own research. It's possible that some collectible (numismatic) coins will end up as better investments than bullion (best value) coins but you need to understand the market before paying extra premiums for collectible or world gold coins
    12) The same rules about CGT-exemption also apply to silver - i.e. silver coins produced by the Royal Mint with a face value (£2, £5, £10, etc) are CGT-exempt. For this reason most silver stackers in the UK have Britannias and other CGT-exempt coins as the cornerstone of their silver stack. The CGT thing is less of a problem with silver though. Feel free to buy some world silver coins like Perth Mint, Germania, KOMSCO, etc. The coins from those mints tend to be higher quality than modern Royal Mint silver coins and so keep their premiums better than Royal Mint coins - i.e. better for resale if/when the time comes to sell
    13) Remember that investment gold is VAT-exempt in the UK whereas silver is not VAT-exempt. By default this makes gold a better investment choice in the UK than silver. Having said that you won't be paying VAT on silver on TSF, so buying silver here on The Silver Forum can be very attractive
  12. Like
    HonestMoneyGoldSilver got a reaction from Wampum in Gold Monitoring Thread £ GBP only   
    Quick it's went up £2 to £1866, does anybody want to join me mining for some gold in Peru? (timestamped)
     
  13. Like
    HonestMoneyGoldSilver got a reaction from pmbug in Different gold types   
    I can give you some basics but there are much better coin experts on TSF than me:
    1) A sovereign is 7.998 grams of 91.7% gold (22 Karat), or an AGW (Actual Gold Weight) equivalent of 7.322g fine gold (999/9999 gold or 24 Karat). A sovereign = £1
    2) A double sovereign is like the name suggests - double the gold weight of a regular sovereign and = £2
    3) A modern Britannia coin is 99.99% gold (24 Karat). The AGW (Actual Gold Weight) is equivalent to the weight of the coin - e.g. a 1oz Britannia is 1oz of fine gold
    4) Those are Troy Ounces (31.1035g) not metric ounces (28.35g)
    5) The design can make a difference to the premium although premiums are generally more closely tied to scarcity than the subjective beauty of the design
    6) For investment stacking you don't need to consider the design you should concentrate on AGW (Actual Gold Weight) and low premiums
    7) In the UK an important component of stacking gold is CGT-exempt coins. CGT = Capital Gains Tax. Any coin produced by the Royal Mint that has a face value (£1, £2, £100, etc) is CGT-exempt. This means you can buy and sell an unlimited amount of these coins without having to declare your profit to HMRC - i.e. these coins are completely tax free, no taxable events take place when buying/selling as a private individual
    8 ) Other gold coins like world gold and some coins produced by the Royal Mint may not be CGT-exempt, so taxes might be due on realised profits above the CGT threshold (currently £3000/tax year). There is a whole library on the HMRC website detailing which coins are and are not CGT-exempt. The simple rule is as above - sovereigns are CGT-exempt as is any coin with a face value. Note that gold bars, even Britannia gold bars produced by the Royal Mint, are not CGT-exempt
    9) For pure investment purposes you want the lowest premium coins that are still highly liquid, CGT-exempt and recognised globally. By those 4 metrics the single best coin to stack is arguably the sovereign and the half-sovereign (half the AGW of a sovereign). Any other CGT-exempt coin like the Britannia is just as good as a sovereign if you can get a similar size at the same premium, however, the premium for the closest equivalent AGW Britannia (1/4 oz) tends to be slightly higher than the premium on sovereigns, but not always
    10) In short for simplicity you want to stack sovereigns and 1/4oz Britannias. If you have a slightly larger budget then buying 1oz Britannias (or any other CGT-exempt coin) is a good option. The premiums on 1oz coins are slightly lower but the trade-off is it's harder to sell a 1oz gold coin than a 1/4oz gold coin or 1/10oz gold coin. The smaller the coin the more liquid (easy to sell) the coin becomes. For this reason the smaller coins (half-sovereigns, 1/10th ounce, 1/20th ounce) are becoming more popular as the price of gold increases
    11) There are all sorts of pros and cons with regards collectible gold like "shield" sovereigns, scarce coins, world and historic gold, etc. Before buying these you should do your own research. It's possible that some collectible (numismatic) coins will end up as better investments than bullion (best value) coins but you need to understand the market before paying extra premiums for collectible or world gold coins
    12) The same rules about CGT-exemption also apply to silver - i.e. silver coins produced by the Royal Mint with a face value (£2, £5, £10, etc) are CGT-exempt. For this reason most silver stackers in the UK have Britannias and other CGT-exempt coins as the cornerstone of their silver stack. The CGT thing is less of a problem with silver though. Feel free to buy some world silver coins like Perth Mint, Germania, KOMSCO, etc. The coins from those mints tend to be higher quality than modern Royal Mint silver coins and so keep their premiums better than Royal Mint coins - i.e. better for resale if/when the time comes to sell
    13) Remember that investment gold is VAT-exempt in the UK whereas silver is not VAT-exempt. By default this makes gold a better investment choice in the UK than silver. Having said that you won't be paying VAT on silver on TSF, so buying silver here on The Silver Forum can be very attractive
  14. Super Like
    HonestMoneyGoldSilver reacted to DuncanWylieWilson in Small Islamic Gold – Fractional Dinars – Various Prices – UK 🇬🇧   
    Small Islamic Gold – Fractional Dinars – Various Prices – UK 🇬🇧
    For sale here are three lovely small Islamic gold pieces. Two of these are fractional dinars from the reign of al-Mustansir and the third smaller piece is an islamic coin fragment of an unidentified type.
    The fractional dinars are mint and date unknown as these are struck off flan, but both are from the period of al-Mustansir 1036-1094 and are over 900 years old.
    The fractional dinars weigh 0.54 and 0.45 grams respectively.
    Fractional dinars – £95 posted each
    Islamic gold coin fragment – £35 posted
    Prices are inclusive of fully-insured Royal Mail Special Delivery to mainland UK and Northern Ireland.
    Payment via bank transfer to UK business bank account.
    Thank you! 🌟


  15. Thanks
    HonestMoneyGoldSilver got a reaction from dicker in Different gold types   
    I can give you some basics but there are much better coin experts on TSF than me:
    1) A sovereign is 7.998 grams of 91.7% gold (22 Karat), or an AGW (Actual Gold Weight) equivalent of 7.322g fine gold (999/9999 gold or 24 Karat). A sovereign = £1
    2) A double sovereign is like the name suggests - double the gold weight of a regular sovereign and = £2
    3) A modern Britannia coin is 99.99% gold (24 Karat). The AGW (Actual Gold Weight) is equivalent to the weight of the coin - e.g. a 1oz Britannia is 1oz of fine gold
    4) Those are Troy Ounces (31.1035g) not metric ounces (28.35g)
    5) The design can make a difference to the premium although premiums are generally more closely tied to scarcity than the subjective beauty of the design
    6) For investment stacking you don't need to consider the design you should concentrate on AGW (Actual Gold Weight) and low premiums
    7) In the UK an important component of stacking gold is CGT-exempt coins. CGT = Capital Gains Tax. Any coin produced by the Royal Mint that has a face value (£1, £2, £100, etc) is CGT-exempt. This means you can buy and sell an unlimited amount of these coins without having to declare your profit to HMRC - i.e. these coins are completely tax free, no taxable events take place when buying/selling as a private individual
    8 ) Other gold coins like world gold and some coins produced by the Royal Mint may not be CGT-exempt, so taxes might be due on realised profits above the CGT threshold (currently £3000/tax year). There is a whole library on the HMRC website detailing which coins are and are not CGT-exempt. The simple rule is as above - sovereigns are CGT-exempt as is any coin with a face value. Note that gold bars, even Britannia gold bars produced by the Royal Mint, are not CGT-exempt
    9) For pure investment purposes you want the lowest premium coins that are still highly liquid, CGT-exempt and recognised globally. By those 4 metrics the single best coin to stack is arguably the sovereign and the half-sovereign (half the AGW of a sovereign). Any other CGT-exempt coin like the Britannia is just as good as a sovereign if you can get a similar size at the same premium, however, the premium for the closest equivalent AGW Britannia (1/4 oz) tends to be slightly higher than the premium on sovereigns, but not always
    10) In short for simplicity you want to stack sovereigns and 1/4oz Britannias. If you have a slightly larger budget then buying 1oz Britannias (or any other CGT-exempt coin) is a good option. The premiums on 1oz coins are slightly lower but the trade-off is it's harder to sell a 1oz gold coin than a 1/4oz gold coin or 1/10oz gold coin. The smaller the coin the more liquid (easy to sell) the coin becomes. For this reason the smaller coins (half-sovereigns, 1/10th ounce, 1/20th ounce) are becoming more popular as the price of gold increases
    11) There are all sorts of pros and cons with regards collectible gold like "shield" sovereigns, scarce coins, world and historic gold, etc. Before buying these you should do your own research. It's possible that some collectible (numismatic) coins will end up as better investments than bullion (best value) coins but you need to understand the market before paying extra premiums for collectible or world gold coins
    12) The same rules about CGT-exemption also apply to silver - i.e. silver coins produced by the Royal Mint with a face value (£2, £5, £10, etc) are CGT-exempt. For this reason most silver stackers in the UK have Britannias and other CGT-exempt coins as the cornerstone of their silver stack. The CGT thing is less of a problem with silver though. Feel free to buy some world silver coins like Perth Mint, Germania, KOMSCO, etc. The coins from those mints tend to be higher quality than modern Royal Mint silver coins and so keep their premiums better than Royal Mint coins - i.e. better for resale if/when the time comes to sell
    13) Remember that investment gold is VAT-exempt in the UK whereas silver is not VAT-exempt. By default this makes gold a better investment choice in the UK than silver. Having said that you won't be paying VAT on silver on TSF, so buying silver here on The Silver Forum can be very attractive
  16. Haha
    HonestMoneyGoldSilver reacted to kimchi in Gold Monitoring Thread £ GBP only   
    Tired of your spurious and infantile nonsense, blocked.
  17. Super Like
    HonestMoneyGoldSilver reacted to FriedrichVonHayek in Gold Monitoring Thread £ GBP only   
    Gold and Silver will be on sale for the next few days as the Chinese are on holiday.
    There's a good chance of a big smackdown.


  18. Super Thanks
    HonestMoneyGoldSilver got a reaction from Aldebaran in Different gold types   
    I can give you some basics but there are much better coin experts on TSF than me:
    1) A sovereign is 7.998 grams of 91.7% gold (22 Karat), or an AGW (Actual Gold Weight) equivalent of 7.322g fine gold (999/9999 gold or 24 Karat). A sovereign = £1
    2) A double sovereign is like the name suggests - double the gold weight of a regular sovereign and = £2
    3) A modern Britannia coin is 99.99% gold (24 Karat). The AGW (Actual Gold Weight) is equivalent to the weight of the coin - e.g. a 1oz Britannia is 1oz of fine gold
    4) Those are Troy Ounces (31.1035g) not metric ounces (28.35g)
    5) The design can make a difference to the premium although premiums are generally more closely tied to scarcity than the subjective beauty of the design
    6) For investment stacking you don't need to consider the design you should concentrate on AGW (Actual Gold Weight) and low premiums
    7) In the UK an important component of stacking gold is CGT-exempt coins. CGT = Capital Gains Tax. Any coin produced by the Royal Mint that has a face value (£1, £2, £100, etc) is CGT-exempt. This means you can buy and sell an unlimited amount of these coins without having to declare your profit to HMRC - i.e. these coins are completely tax free, no taxable events take place when buying/selling as a private individual
    8 ) Other gold coins like world gold and some coins produced by the Royal Mint may not be CGT-exempt, so taxes might be due on realised profits above the CGT threshold (currently £3000/tax year). There is a whole library on the HMRC website detailing which coins are and are not CGT-exempt. The simple rule is as above - sovereigns are CGT-exempt as is any coin with a face value. Note that gold bars, even Britannia gold bars produced by the Royal Mint, are not CGT-exempt
    9) For pure investment purposes you want the lowest premium coins that are still highly liquid, CGT-exempt and recognised globally. By those 4 metrics the single best coin to stack is arguably the sovereign and the half-sovereign (half the AGW of a sovereign). Any other CGT-exempt coin like the Britannia is just as good as a sovereign if you can get a similar size at the same premium, however, the premium for the closest equivalent AGW Britannia (1/4 oz) tends to be slightly higher than the premium on sovereigns, but not always
    10) In short for simplicity you want to stack sovereigns and 1/4oz Britannias. If you have a slightly larger budget then buying 1oz Britannias (or any other CGT-exempt coin) is a good option. The premiums on 1oz coins are slightly lower but the trade-off is it's harder to sell a 1oz gold coin than a 1/4oz gold coin or 1/10oz gold coin. The smaller the coin the more liquid (easy to sell) the coin becomes. For this reason the smaller coins (half-sovereigns, 1/10th ounce, 1/20th ounce) are becoming more popular as the price of gold increases
    11) There are all sorts of pros and cons with regards collectible gold like "shield" sovereigns, scarce coins, world and historic gold, etc. Before buying these you should do your own research. It's possible that some collectible (numismatic) coins will end up as better investments than bullion (best value) coins but you need to understand the market before paying extra premiums for collectible or world gold coins
    12) The same rules about CGT-exemption also apply to silver - i.e. silver coins produced by the Royal Mint with a face value (£2, £5, £10, etc) are CGT-exempt. For this reason most silver stackers in the UK have Britannias and other CGT-exempt coins as the cornerstone of their silver stack. The CGT thing is less of a problem with silver though. Feel free to buy some world silver coins like Perth Mint, Germania, KOMSCO, etc. The coins from those mints tend to be higher quality than modern Royal Mint silver coins and so keep their premiums better than Royal Mint coins - i.e. better for resale if/when the time comes to sell
    13) Remember that investment gold is VAT-exempt in the UK whereas silver is not VAT-exempt. By default this makes gold a better investment choice in the UK than silver. Having said that you won't be paying VAT on silver on TSF, so buying silver here on The Silver Forum can be very attractive
  19. Super Like
    HonestMoneyGoldSilver reacted to Esjayc in Different gold types   
    The above really is excellent advice from @HonestMoneyGoldSilver 💯
    I'd add that if you want to learn more about sovereigns, what makes some rarer than others, or more collectable, the various varieties in design, from different mints (to me at first, they 'all looked much the same'!), then I highly recommend the following book:
    The Gold Sovereign Series - Michael A Marsh. The latest version is 'Hardcover - 28 April 2021'. You can search the ISBN number online to find it. ISBN 1908828552
     
    In terms of buying sovereigns and half sovereigns to stack for bullion: half sovereigns will be a little more expensive than a full sovereign - this is because the smaller amount of a precious metal coin or bar that you buy, the more there is a premium to pay. 
    I'm fairly new to this forum; I've heard great things about premium membership (currently only £1 for the first month) and this unlocking the ability to view many more adverts on the forum of folks selling their coins/bars. I am yet to do this, and I shall get around to it. I take a while to find my feet.
     
    I've been stacking sovereigns and half sovereigns for bullion (and if an unusual or rare one comes up at the right price, collecting those too).
    So far, I've used dealers such as Chards, Hatton Garden Metals, Atkinsons, to obtain what they tend to call 'best value'. These should arrive as coins in a decent condition, and are basically second hand coins. Often, they are circulated older coins, but some modern ones turn up. I've had anything from 'Jubilee head Victoria' right the way through to Charles, in 'best value'. I've even had a couple of rare coins in 'best value' too (e.g. an 1889 Sydney Mint Victoria, rated as R3 rarity in the Marsh book... number 140).
    There are also 'best value' Britannias in their various weights (1/10, 1/4, 1/2, 1 Troy Oz). If you want Britannias with the newer security features, these have been minted since 2021. Note that Brits became 24 karat from 2013 (before 2013, they were 22 karat, same as all old and modern sovereigns).
     
    Hopefully this info is also helpful 🙂
    Also... welcome to the forum!
     
  20. Like
    HonestMoneyGoldSilver got a reaction from Brit2023 in Different gold types   
    I can give you some basics but there are much better coin experts on TSF than me:
    1) A sovereign is 7.998 grams of 91.7% gold (22 Karat), or an AGW (Actual Gold Weight) equivalent of 7.322g fine gold (999/9999 gold or 24 Karat). A sovereign = £1
    2) A double sovereign is like the name suggests - double the gold weight of a regular sovereign and = £2
    3) A modern Britannia coin is 99.99% gold (24 Karat). The AGW (Actual Gold Weight) is equivalent to the weight of the coin - e.g. a 1oz Britannia is 1oz of fine gold
    4) Those are Troy Ounces (31.1035g) not metric ounces (28.35g)
    5) The design can make a difference to the premium although premiums are generally more closely tied to scarcity than the subjective beauty of the design
    6) For investment stacking you don't need to consider the design you should concentrate on AGW (Actual Gold Weight) and low premiums
    7) In the UK an important component of stacking gold is CGT-exempt coins. CGT = Capital Gains Tax. Any coin produced by the Royal Mint that has a face value (£1, £2, £100, etc) is CGT-exempt. This means you can buy and sell an unlimited amount of these coins without having to declare your profit to HMRC - i.e. these coins are completely tax free, no taxable events take place when buying/selling as a private individual
    8 ) Other gold coins like world gold and some coins produced by the Royal Mint may not be CGT-exempt, so taxes might be due on realised profits above the CGT threshold (currently £3000/tax year). There is a whole library on the HMRC website detailing which coins are and are not CGT-exempt. The simple rule is as above - sovereigns are CGT-exempt as is any coin with a face value. Note that gold bars, even Britannia gold bars produced by the Royal Mint, are not CGT-exempt
    9) For pure investment purposes you want the lowest premium coins that are still highly liquid, CGT-exempt and recognised globally. By those 4 metrics the single best coin to stack is arguably the sovereign and the half-sovereign (half the AGW of a sovereign). Any other CGT-exempt coin like the Britannia is just as good as a sovereign if you can get a similar size at the same premium, however, the premium for the closest equivalent AGW Britannia (1/4 oz) tends to be slightly higher than the premium on sovereigns, but not always
    10) In short for simplicity you want to stack sovereigns and 1/4oz Britannias. If you have a slightly larger budget then buying 1oz Britannias (or any other CGT-exempt coin) is a good option. The premiums on 1oz coins are slightly lower but the trade-off is it's harder to sell a 1oz gold coin than a 1/4oz gold coin or 1/10oz gold coin. The smaller the coin the more liquid (easy to sell) the coin becomes. For this reason the smaller coins (half-sovereigns, 1/10th ounce, 1/20th ounce) are becoming more popular as the price of gold increases
    11) There are all sorts of pros and cons with regards collectible gold like "shield" sovereigns, scarce coins, world and historic gold, etc. Before buying these you should do your own research. It's possible that some collectible (numismatic) coins will end up as better investments than bullion (best value) coins but you need to understand the market before paying extra premiums for collectible or world gold coins
    12) The same rules about CGT-exemption also apply to silver - i.e. silver coins produced by the Royal Mint with a face value (£2, £5, £10, etc) are CGT-exempt. For this reason most silver stackers in the UK have Britannias and other CGT-exempt coins as the cornerstone of their silver stack. The CGT thing is less of a problem with silver though. Feel free to buy some world silver coins like Perth Mint, Germania, KOMSCO, etc. The coins from those mints tend to be higher quality than modern Royal Mint silver coins and so keep their premiums better than Royal Mint coins - i.e. better for resale if/when the time comes to sell
    13) Remember that investment gold is VAT-exempt in the UK whereas silver is not VAT-exempt. By default this makes gold a better investment choice in the UK than silver. Having said that you won't be paying VAT on silver on TSF, so buying silver here on The Silver Forum can be very attractive
  21. Like
    HonestMoneyGoldSilver got a reaction from Maxx546 in Different gold types   
    I can give you some basics but there are much better coin experts on TSF than me:
    1) A sovereign is 7.998 grams of 91.7% gold (22 Karat), or an AGW (Actual Gold Weight) equivalent of 7.322g fine gold (999/9999 gold or 24 Karat). A sovereign = £1
    2) A double sovereign is like the name suggests - double the gold weight of a regular sovereign and = £2
    3) A modern Britannia coin is 99.99% gold (24 Karat). The AGW (Actual Gold Weight) is equivalent to the weight of the coin - e.g. a 1oz Britannia is 1oz of fine gold
    4) Those are Troy Ounces (31.1035g) not metric ounces (28.35g)
    5) The design can make a difference to the premium although premiums are generally more closely tied to scarcity than the subjective beauty of the design
    6) For investment stacking you don't need to consider the design you should concentrate on AGW (Actual Gold Weight) and low premiums
    7) In the UK an important component of stacking gold is CGT-exempt coins. CGT = Capital Gains Tax. Any coin produced by the Royal Mint that has a face value (£1, £2, £100, etc) is CGT-exempt. This means you can buy and sell an unlimited amount of these coins without having to declare your profit to HMRC - i.e. these coins are completely tax free, no taxable events take place when buying/selling as a private individual
    8 ) Other gold coins like world gold and some coins produced by the Royal Mint may not be CGT-exempt, so taxes might be due on realised profits above the CGT threshold (currently £3000/tax year). There is a whole library on the HMRC website detailing which coins are and are not CGT-exempt. The simple rule is as above - sovereigns are CGT-exempt as is any coin with a face value. Note that gold bars, even Britannia gold bars produced by the Royal Mint, are not CGT-exempt
    9) For pure investment purposes you want the lowest premium coins that are still highly liquid, CGT-exempt and recognised globally. By those 4 metrics the single best coin to stack is arguably the sovereign and the half-sovereign (half the AGW of a sovereign). Any other CGT-exempt coin like the Britannia is just as good as a sovereign if you can get a similar size at the same premium, however, the premium for the closest equivalent AGW Britannia (1/4 oz) tends to be slightly higher than the premium on sovereigns, but not always
    10) In short for simplicity you want to stack sovereigns and 1/4oz Britannias. If you have a slightly larger budget then buying 1oz Britannias (or any other CGT-exempt coin) is a good option. The premiums on 1oz coins are slightly lower but the trade-off is it's harder to sell a 1oz gold coin than a 1/4oz gold coin or 1/10oz gold coin. The smaller the coin the more liquid (easy to sell) the coin becomes. For this reason the smaller coins (half-sovereigns, 1/10th ounce, 1/20th ounce) are becoming more popular as the price of gold increases
    11) There are all sorts of pros and cons with regards collectible gold like "shield" sovereigns, scarce coins, world and historic gold, etc. Before buying these you should do your own research. It's possible that some collectible (numismatic) coins will end up as better investments than bullion (best value) coins but you need to understand the market before paying extra premiums for collectible or world gold coins
    12) The same rules about CGT-exemption also apply to silver - i.e. silver coins produced by the Royal Mint with a face value (£2, £5, £10, etc) are CGT-exempt. For this reason most silver stackers in the UK have Britannias and other CGT-exempt coins as the cornerstone of their silver stack. The CGT thing is less of a problem with silver though. Feel free to buy some world silver coins like Perth Mint, Germania, KOMSCO, etc. The coins from those mints tend to be higher quality than modern Royal Mint silver coins and so keep their premiums better than Royal Mint coins - i.e. better for resale if/when the time comes to sell
    13) Remember that investment gold is VAT-exempt in the UK whereas silver is not VAT-exempt. By default this makes gold a better investment choice in the UK than silver. Having said that you won't be paying VAT on silver on TSF, so buying silver here on The Silver Forum can be very attractive
  22. Like
    HonestMoneyGoldSilver got a reaction from ArgentSmith in Gold Monitoring Thread £ GBP only   
    Hard to keep your powder dry when the buy/sell exists!
    It is a good point though. If there is a dip in metals (this is not a dip, just volatility), then August-September might be a good time to have deep pockets and buy gold. I bought gold at that time last year and it worked out perfectly. I don't see a big dip in metals though as markets should have already priced in the Fed rate cuts, or lack thereof. According to the CME traders have priced in no cuts until November. The same thing happened a few months ago and people panicked when gold dipped, then it shot up almost 20%!! 
    I like to be bullish when most people are pessimistic
  23. Super Like
    HonestMoneyGoldSilver got a reaction from katyc in Gold Monitoring Thread £ GBP only   
    Hard to keep your powder dry when the buy/sell exists!
    It is a good point though. If there is a dip in metals (this is not a dip, just volatility), then August-September might be a good time to have deep pockets and buy gold. I bought gold at that time last year and it worked out perfectly. I don't see a big dip in metals though as markets should have already priced in the Fed rate cuts, or lack thereof. According to the CME traders have priced in no cuts until November. The same thing happened a few months ago and people panicked when gold dipped, then it shot up almost 20%!! 
    I like to be bullish when most people are pessimistic
  24. Super Like
    HonestMoneyGoldSilver reacted to ArgentSmith in Gold Monitoring Thread £ GBP only   
    This is why dry powder is an important part of "portfolio"
  25. Like
    HonestMoneyGoldSilver got a reaction from ArgentSmith in Gold Monitoring Thread £ GBP only   
    Cheap sats available mate ... sorry, couldn't resist 😁
    As for gold, wow, testing the supports as we speak around £1834/$2300
    If $2300 goes, not to alarm anybody, the next stop is $2231 (1 month low) which is around £1780 ish. I think (hope) we bounce here, time will tell
    There's a big sell-off happening today across just about everything. It's unusual for the S&P, NASDAQ, DOW, FTSE, DAX, CAC, MSCI Emerging, MSCI China, crypto, metals and oil to all be down in the same session. This is most definitely a sea of red:

    The only thing that's up today is the Japanese market (TOPIX/Nikkei 225) which is due to the carry trade and the ongoing destruction of the Yen (an orchestrated scam), along with bonds (USA/UK Treasuries/Gilts)
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