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LawrenceChard

Business - Platinum
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Everything posted by LawrenceChard

  1. Actually, we did. PM used to do free shipping for orders of at least 5,000 of silver, or 3,000 ounces of gold. The gold one was harder to achieve, but we did it once or twice! 😎
  2. I am sure you know as well as I do that we bought it from Perth Mint. Mind you, it was a steal at the time, about £6.50 intrinsic per ounce! 😎
  3. I can recommend a machine for that... ... or variation! 😎
  4. S 2579, or S 2586? 😎
  5. If you manage to find out, please let me know! 😎
  6. I can make out some of the lettering, and I am sure you could if you tried. It is easier with the actual coin because it is easier to turn round rather than a 4G monitor. 😎
  7. Always try to give all the information you already have when asking. Include: Weight Size Clear photos 😎
  8. I do agree with much of what you say. There are some parts with which I disagree: "(hefty) premium paid by the purchaser" Anyone can buy new gold Britannias at between 3.1% and 3.55% premium, from a leading dealer: Quantity Premium % Price Per Item Total Est UK Delivery 1 3.55 £1,601.37 £1,601.37 £7.00 5 3.45 £1,599.82 £7,999.10 £11.00 10 3.4 £1,599.05 £15,990.50 £16.00 20 3.3 £1,597.50 £31,950.00 £27.00 50 3.2 £1,595.96 £79,798.00 £64.00 100 3.15 £1,595.18 £159,518.00 £132.60 200+ 3.1 £1,594.41 £318,882.00 £238.60 IMO, those are not hefty premiums. To add some perspective to that, when Krugerrands were introduced in 1967, the ex-mint premium was 3.%. This was only available to major international banks and bullion dealers. Minimum order size was either 5,000 ot 10,000 ounces (I forget which). This did not include "free postage"! When a UK retail investor can buy 1 piece at 3.55%, it shows how much the market has developed. I am aware that the photos shown in the OP were "Beasts", then sure, they are at slightly higher premiums, and there is a very good argument that for this reason, they should be produced with a "premium quality finish". "the coin to most people then becomes 'bullion' and will be considered as a commodity (valued solely on spot price) rather than a coin." But if what you are buying is a bullion coin, then nothing has changed. "There is always an expectation with a manufactured product that you will receive something of a quality that matches the cost." A reasonable point on the face of it, but the premium paid should be a more important influence on this, rather than the actual price, or amount spent. "It is unfortunate that, as it stands, dealers (the biggest purchaser from RM) have no incentive to call out the manufacturer when they can simply re-sell the product with a catch-all 'bullion' description. That may well be true for most bullion dealers, but I would certainly prefer not to have to deal with complaints because of scuffs, bagmarks, etc., and would prefer not to have to add a caveat to some of our new products, or to have to invest time in "managing customer expectations". In most industries, there exists a stong disincentive for any direct distributor to "call out" the manufacturer or rights owner. For example, anyone who wishes to distribute Olympic Games or Disney products must first sign a very lengthy and highly restrictive legal document which would prohibit them from doing or saying anything which may in the owners opinion, damage their reputation. In many cases, there would probably be a non-disclosure clause. Consumers of course, are under no such restiction! 😎
  9. If you are going to look for information online or anywhere else, you need to get it from a reliable, trustworthy and informed source. This should answer your question: https://taxfreegold.co.uk/24caratgoldcoins.html In particular, the first paragraph: 24 Carat Gold Coins The first thing we should point out is that it is almost impossible to economically or commercially obtain absolutely pure gold. 24 carat gold would be absolutely pure. Before electrolytic refining, highly refined gold was usually .9995 pure (99.95%). If we convert this to carats, it would be 23.988 carats. London good delivery gold bars are acceptable at .995 which is "only" 23.88 carats. With electrolytic refining, it became commercially economic to produce .9999 fine gold, which works out to 23.9976 carats. the Royal Canadian Mint also produce a .99999 fine gold coin, advertised as the world's purest gold coin. this works out at 23.99976 carats. It follows from this, that it is more accurate to refer to coins by their metric fineness than as 24 carat. - - - When I tried to follow your link, I got an error message. It seems that ukbullion.com is one of those pathetic websites which blocks access for people using a VPN. I use one for security reasons. It annoys me having to turn off the VPN to access such sites, which means I cannot access our Microsoft Teams app and a few other important resources until I turn it back on. Having read a little more of their page, it struck me that they have probably read some of my expert and accurate published information, then re-hashed it, but missed out some important and informative bits, possibly because they did not understand it. "Is it only that 24ct is a 24/24 measure (100%) whereas fine gold is 99.99%, a difference of 0.001%?" Almost right, but... Fine gold in not necessarily 99.99%, it can be 99.9% 99.95%, or 99.5%. It could even be 99%. The term "fine gold" is an inexact, lazy, expression, although many people use it as a kind of shorthand. Similarly "24ct" is also an inexact, lazy, expression, used in a similar way. It is similar to saying "football". In the UK, most people would understand that as meaning soccer (Association Football), but most Americans would think you meant American Football. Other Brits might think you meant rugby. "When money was gold, such as Sovereign's" You you used a greengrocers' apostrophe! " I guess even doing a simple "ring" test (balance on finger and tap with another coin) is inadvisable with 2013 onward fine gold coins? At least if you desire to avoid deformation." Wrong assumption. Gold is not putty. It is not so soft. Unless you were worried about deforming your finger, ping away as much as you like. I did not understand some other parts of your questions, but I am sure you can find answers here or elsewhere. 😎
  10. There is another factor which you have probably not realised. Although you did not state which type of gold bullion coins you meant, your images were of gold Yales of Beaufort. These are made of "fine gold", sometimes wrongly called 24ct, as are many modern gold bullion coins, and therefore are quite soft, and scratch and scuff more easily. Older gold coins, originally made for the rough, tough world of circulation, such as gold sovereigns were, and still are, made of 22ct gold. Some countries, notably the USA used .900 fine gold. The addition of copper, and often silver, helped to make these harder, and therefore more resistant to scuffing and scratches. Add to tje fact that, as they were made primarily for trade and circulation use, very few people would be looking at them so critically and closely that they would notice slight imperfections. For example, when did you examine look at any shiny new pennies or twopences in your change for scratches, scuffs and bagmarks? This provides another argument in favour of 22ct bullion coins rather than 24ct one. This does not mean or imply that I think all modern gold bullion coins should be 22ct. There are arguments both ways. Fine gold coins are the natural colour of gold, and not the awful coppery red / pink / rose which omitting the traces of silver causes. 😎
  11. "Wanting the best of both worlds is not going to happen." Wanting it does happen, getting it doesn't!
  12. And, here is our preview coin image: It would look good as a Coloured Silver Proof Crown! 😎
  13. It was late last night when I spotted the news item, and I was trying to get a relatively early night, but it may be worth quoting the whole BBC article: By Sean Coughlan Royal correspondent The official logo for King Charles III's coronation, to feature in street parties, social media and souvenirs, has been revealed by Buckingham Palace. It has been created by Sir Jony Ive, known for his innovative designs of Apple gadgets, including the iPhone. This is a more traditional image, with flowers forming the shape of the St Edward's crown used in the coronation. The floral design highlights the "optimism of spring" and reflects the King's love of nature, says Sir Jony. "The design was inspired by King Charles's love of the planet, nature, and his deep concern for the natural world," said the former Apple design guru, who is more usually associated with sleek tech designs of equipment such as iMacs and iPods. Who is Apple's top designer Jony Ive? The logo, to be used for events over the coronation long weekend in May, features a rose, thistle, daffodil and shamrock - emblems from across the United Kingdom. It's in contrast to the very stark design of the new King Charles stamps revealed this week, which has no crown or decoration. The logo, also available in a Welsh-language version, is the latest detail to be revealed from the planned celebrations to mark the coronation, which will be held at Westminster Abbey on 6 May. The day will include a carriage procession and traditional appearances on the Buckingham Palace balcony, although it is still not known who will be attending - with no confirmation yet whether the Duke and Duchess of Sussex will be there. On Sunday 7 May there will be a music concert and light show at Windsor Castle, and this week a public ballot opened for the 10,000 free tickets on offer for the event. There will be an extra bank holiday on Monday 8 May, with events highlighting the work of volunteers. I noticed the Telegraph print version has the story today, but it also states: "The design will feature throughout next month's celebrations. It will also be used on all official merchandise." I guess this a is typical Telegraph journalist error, as iot does not explain or list any related celebrations next month (March). I not the online version today has differnt wording, possibly having been spotted and corected: "The design will feature throughout the celebrations. It will also be used on all official merchandise." The Coronation of His Majesty The King is scheduied to take place on Saturday 6 May, 2023 at Westminster Abbey. This design announcement is so new, that @ChardsCoinandBullionDealer probably does not yet have a "Register Your Interest" page yet for any Coronation commemorative coins! 😎 Here is an image of the Welsh language version: I would like to have obtained this image earlier, but was anticipating a leek leak, which failed to materialise! The Welsh wording is: Y BRENIN CHARLES III Y CORONI 6 MAI 2023 😎
  14. I think a Coronation crown will have King Charles III on it, without Queen Camilla. It is also likely that there will be different coin issues featuring both, but these will not be Coronation issues. 😎
  15. From what you say, it looks like you did an exchange at a coin shop. This is hardly comparable with using gold and silver to purchase groceries, and other everyday shopping / spending activities. 😎
  16. On a positive note, they are better than Hermes, a.k.a. Evri! 😎
  17. Just Seen This - King Charles Coronation Logo KING CHARLES III CORONATION 6TH MAY 2023 Looks good to me. Source: https://www.bbc.co.uk/news/uk-64599029 King Charles coronation logo created by iPhone designer It is highly likely to feature on a forthcoming coin. 😎
  18. I'm suprised that @HerefordBullyun has not responded yet recommending that KC visits Blackpool, and suggests he gets me to show him around! 😎
  19. That was a "notty" answer to a possibly knotty question,was it not? 😎
  20. Silver to Gold When I saw the title, I thought it was going to be a revival or alchemy.. I "how to" guide! 😎
  21. "This will be the biggest theft of the century" Did you mean "was"? P.S. Good example of "clickbait"! 😎
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