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LawrenceChard

Business - Platinum
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Everything posted by LawrenceChard

  1. There are certainly not many sales records for this exact coin type. According to NGC: PrAg G VG F VF XF 50 53 55 58 60 61 62 63 64 65 66 67 68 69 70 - - - - - - - - - - - - - 3000.00 - - - - - - - I found this on PCGS: This is for the regular (non-proof) strike. So it looks like our coin may be the highest graded example, although others may exist or come to light. 😎
  2. 1921-P Gold Sovereign Perth Mint - With Flattened Rim Section + Weak Obverse Strike I got this coin to check recently with "weird" written on its packet. There are a couple of features, which might be slightly concerning to the inexperienced, but otherwise it is a perfectly normal, genuine sovereign: The top section of the rim looks flattened on the reverse, but there is not sign of damage or crushing after production. I do see this effect on a small proportion of sovereigns. While I cannot picture precisely what causes this, and therefore can't describe it, I believe it is related to the interaction between planchet (blank), die, and collar, just before and during striking. A lot of the hair and other detail appears to be missing. This is quite typical "weak striking" often seen on branch mint sovereigns of this period. On this coin, it is the obverse which is weakly struck, while the reverse appears to be well struck with consideable detail. Logically, it does not make much sense for one side to be well struck, but the other side to be weakly struck. Perhaps this is due to worn dies, but the appearance suggests weak striking, so that is how I describe it. Even though it sounds counter intuitive, I believe this is the cause. To complete the picture, the Niton test results are perfectly within their normal expected range. My notes may look a little confusing, but those on the left were at 30 seconds, those on the right were at 60 seconds. The Niton was being slightly temperamental, but I am satisfied the actual reading were reliable. I posted this partly because I recently received a photo by e-mail, with a similar feature, but I could not find these photos at the time. 😎
  3. Sure, but you didn't get banned from posting on the "Today I Received" topic, and named specifically: "Message added by ChrisSilver The Today I received section is for private individuals to share items they have purchased for their collection / as part of their investment. The Today I received section is not to be used for businesses to promote their business. Trade members and those operating as a business in the eyes of the forum are invited to enquire about a Dealer Sub Forum, where you may start your own Today _____ received topic to post your commercial purchases. E.g. The Today Chards Received..... topic.The T oday I received section is for private individuals to share items they have purchased for their collection / as part of their investment. The Today😎 I received section is not to be used for businesses to promote their business. Trade members and those operating as a business in the eyes of the forum are invited to enquire about a Dealer Sub Forum, where you may start your own Today _____ received topic to post your commercial purchases. E.g. The Today Chards Received..... topic.
  4. I was going to say: "Spend even less and buy gold" In the UK and EU, there is VAT on most things, including silver, platinum and palladium coins and bars, which is the main reason you would pay less on gold. As you are in the USA, this does not apply to you, but... Manufacturing costs as a percentage are higher on silver than on gold, so you can still buy gold for less (lower % premium) than silver. That's better investing. This ignores the Gold:Silver ratio, but in that case there is a strong argument in favour of platinum instead. 😎
  5. Aren't Thames Yacht Club famous for boating accidents? 😎
  6. Some people do opt to vault surprisingly small amounts, and I don't understand why. We did discuss it recently, but I don't recall the statistics, and don't have quick access to them. At the time we started offering storage, I envisaged that most people would store sufficient values to ensure that it was good value in relation to minimum monthly and annual fees, and this appears to be the case generally. Without double checking, our fees are 0.5% per annum on gold, 0.6% per annum on silver, plus VAT in both cases. Our minimum charge is £10 per month plus VAT, which means £120 per annum plus VAT = £144 per annum. £20,000 total value would therefore attract annual fees of £144, which concides with our minimum fees. On that basis, I would suggest that investors get optimum value from storage for amounts over £20,000. The Royal Mint charges are double our gold charges, and are arguably no more secure. As our charges include full insurance cover, they are actually very good value. Most private investors would struggle to get insurance premiums as low as 1%, and that would be subject to investing in adeqate security. Because of this, storage is probably a better option for anyone with as little as £10,000 in storage. Offshore VAT exempt storage for silver, platinum, or palladium is even more cost effective. The VAT saving is equivalent to about 17.5 years of storage fees, and of course still includes full insurance. One important point to consider is the cost of taking delivery, which is not quite as simple offshore. If you wished to make personal collection, you may need to pay then reclaim Swiss or other local taxes. Secure transport using Brinks, Loomis, or similar is not cheap, but can actually be good value for larger consignments, as they are well rehearsed and experienced in handling the various tax systems. Our local Blackpool in-house storage has proved more popular than I originally hoped, and we were very recently discussing making our existing facilities more space efficient, or adding another strongroom. 😎
  7. Having successfully exported silver coins to Norway on a number of occasions, including two involving personal physical delivery, I can say that it was very easy, although one of our customers did supply us with a link to the appropriate Norwegian tax rules, and also correspondence between him and Customs, which made it extremely easy. Our customers told us at the time that we were the lowest cost source. There were few if any coin shops or bullion dealers in Norway. I am not aware of any change in the VAT status of silver coins in Norway. Of course, as others have already pointed out, you would be liable for VAT if and when you import it into the UK or EU. Small amounts might be OK under personal allowances. You could try to smuggle it in, but this is risky, illegal, and I would recommend against trying it. 😎
  8. Well said. For clarification: Our Blackpool storage is not VAT exempt, so makes more sense for gold rather than silver, platinum, or palladium. It is also quite easy for those who may wish to take delivery at some time in the future. The Swiss storage is exempt from VAT, so is good for silver, platinum, and palladium. We no longer offer the Guernsey storage for new deposits, mainly due to complicated States of Guernsey compliance and documentation. 😎
  9. I also found the choice to be greater than I expected. Just go for one which is big enough for you to be able to grip, but small enough to be practical, and affordable. I chose a pack of 3, and I can't tell you which size because I am at home, and they are all at our showroom. I thought we had got a photo of one in use, or attached to the top of our Niton tester, but can't find one. I hope this helps. 😎
  10. I had already looked on Numista, which gives: 1881 B dot 3β€―161β€―858 1.6% Type A Bust, Type I Reverse 1881 B dot 1.2% Type A Bust, Type IV Reverse 1881 C incuse 2β€―435β€―719 1.1% Type A Bust, Type I Reverse While the Numista project is a useful resource, it is rather hit and miss. It does not appear to describe the difference between type I and type IV reverses, or where to find the mintmarks. Other online resources partly fill the gap, but the best way is probably to get a known example of each to compare. Of course, an online search is often the quickest, easiest, and most convenient way, but I decided it was time to get up, find a suitable copy of Krause World Coin, only to discover that I don't have a complete set at home, so will have to check when I next go to our showroom, and perhaps bring a spare copy home. 2,435,β€―719 sounds like quite a high mintage, so I would have expected to find numerous examples of it selling in different grades. This one is undoubtedly "minty", so I would expect it to be in the hundred of pounds, rather than the tens, but our daughter was doing some price research and failed to find any meaninglful examples, which seems to indicate it is rarer and more valuable than we first expected. So, the short answer is I don't know, but then there is a lot more that I don't know than I do know, so I'm not entirely surprised. 😎
  11. It simply means what is says. Yes of course it may be lower condition, but not necessarily. If you bought a 10 year old pre-owned car which had done 100,000 miles, you could expect it to have condierable wear and tear. Much would depend on its previous owner, and how carefully it had been treated. I / we happen to have many thousands of new coins, for example mint bags of 1967 pennies and halfpennies, which have never been in circulation. Probably also mint and proof sets, dating back to 1999. 😎
  12. Here are some example of platinum coins of various sizes and weights, not just quarter ounce ones. https://www.chards.co.uk/category/buy-coins/a/platinum Quarter ounce coins are a rather modern "invention", stemming from bullion coins being denominated by weight, such as Krugerrands since 1980. Earlier platinum coins would have had more traditional denominations. 😎
  13. 1881-C India Victoria 1 One Rupee Prooflike Calcutta Mint ... and the reverse: With tiny incuse letter "C" almost hidden on lowest flower. This seems to be a rare date mintmark combination.
  14. I'm slightly biased as one might guess, but I think 2022 Gold Double Sovereign Bullion Coin, from a well-known Blackpool dealer. Quantity Premium % Price Per Item Total Est UK Delivery 1 4.3 £725.45 £725.45 £6.00 2 4.2 £724.75 £1,449.50 £6.00 5 4 £723.36 £3,616.80 £8.00 15 3.8 £721.97 £10,829.55 £13.00 30 3.65 £720.93 £21,627.90 £20.00 75 3.6 £720.58 £54,043.50 £47.00 150 3.45 £719.54 £107,931.00 £97.60 300+ 3.35 £718.84 £215,652.00 £169.60 😎
  15. It is always worth doing a "what if" exercise, to allow for the unexpected, but you sound like you have things well thought out. Reserve currencies: ... and gold was the reserve currency for at least 2,500 years before all that! 😎
  16. But whatever you do, don't send him photos... He hasn't paid me for mine yet! 😎
  17. Now three things are likely to happen @HerefordBullyun will be buying a dog, ... joining this thread, and... lowering its tone! 😎
  18. You didn't think @Happypanda88 would be stupid enough to reveal the actual location of his stash, did you? He has obviously now invested in a submarine instead! 😎
  19. Others have already mentioned property price drops or crashes. I think interest rates may increase in line with inflation, but think "the establishment" might take steps to avoid or mitigate this, but even so... Without wishing to worry you, I would be concerned about banks looking at any reduced equity %, and potential increased interest payments, puttin you under pressure. I presume you are well aware of the possibility, have taken advice about it, and contingency plans in place, however as you can afford to invest in a few ounces of gold per month, it sounds like you are unlikely to hit any liquidity problems. In the current situation, I think you are right to pause any property empire expansion, and diversity. It property prices do crash, you may be well placed to buy more. 😎
  20. Agreed, except I think Maloney is Baloney, but you will find a healthy range of opinions here on TSF. 😎
  21. If he wants you to PM him with photos, don't do it! 😎 ... and possibly don't look at my atavar. "the language can be uncouth at times" Some of it does get filtered out by the TSF Auto-Censor, so Tom **** and Harry had to leave along with **** Whiitington and his cat. Some four-letter words still get through though, like "ebay"! Sovereigns or ounces? It's a lot quicker and easier to count 1,000 ounces than 4,000+ sovereigns. If you owned a large herd of cattle, would you count the legs then divide by 4? 😎
  22. He probably imagines that owning 10 properties makes you a multi-trillionaire, so your main worry should be how to spend it all, and avoid inheriitance tax! 😎
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