kimchi

Customs are taking their sweet ass time. Will be back onto UPS tomorrow when they open and should have an update soon. Sorry for the delay everyone!

Huge congratulations to @BackyardBullion on reaching 50,000 subscribers on your YouTube channel.
I count myself among the many TSF members who found this forum as a result of watching your videos!
Roll on 100K  

#57

Hello bud. 
I will try and explain how I do it. Firstly, don't buy by the weight as you don't really know what you are getting. I will use an example. 
What you need is a basic understanding of Google sheets and create a little spreadsheet to help you out with multiple lots. I have a number of them for different things. 
I just typed into eBay, florin then went to filters, taped on auction, then sold and this is a good example from today. 
https://www.ebay.co.uk/itm/134463943678?mkcid=16&mkevt=1&mkrid=711-127632-2357-0&ssspo=1nPNLihfRO6&sssrc=2349624&ssuid=oa7vkurwsmm&var=&widget_ver=artemis&media=COPY 
Count up all the different dates you can make out and input them into your spreadsheet. 

You can see two florins, three shillings and five sixpence that are pre 47 and one shilling at pre 20. 

Now there was a coin I couldn't make out and a Florin with no silver in it so these are disregarded. 
The spot price came out at £18.14 and this lot sold for.... 

 
So this is about spot plus 10% premium plus post. I would not have made a bid on this item as I regard some as junk. 
Hope this helps.

Thought I'd add my 10oz Kookaburra to the thread. I do love the reflective finish on these, even if it makes photos even more awkward. They really are beautiful coins.

Clueless is the right word for them. 😀
Honestly I doubt the folks working there knew much, if anything, about the history of Sovereigns. There certainly were a handful of knowledgeable folks, but from conversations I had with most of them, it seemed the Sovereign was just one more type of gold coin they were producing; nothing extra special. Their marketing content is also likely to have come direct from the Royal Mint. Most of them had generic answers like “We’ll get back to you” (though most times they never did!) or “We can’t disclose this information” (which could be taken to mean “we don’t know either”). 😆
And indeed, the Indian government doesn’t permit exporting gold, so they couldn’t really be bothered with overseas anything.

I've just had a Hillary

The modern Indian mint ones actually look good. They look gold. Better than the horrid salmon pink ones the RM produce, which I will never buy.

Well done on the video however I don't agree with you when you rank this error above the Horse Mule.
The horse mule used the wrong pairing of dies not just a rotation of 90 degrees.
When the first Horse mules were discovered they were initially selling for around £1,000 each ( maybe twice this in the USA ) before rapidly dropping to nearer £100.
Then some German sellers started dumping them and the price came back down to Earth with a nominal premium.
Not sure current market value but pity those few early collectors that paid an enormous amount for them.
Only wish I had sold mine ( discovered months later after I opened the tube ) whilst the price was high.

 

Always been suspicious of the 2014 Britannia mint error coins. Being the year of the horse and making a mule coin, just struck me as a deliberate mistake, possibly...

That's not super cool. It's simply more evidence of the RM's quality control, or rather lack of it.

The nature of an auction is what it is.... I'm yet to see anyone here take offence to being out bid. Everyone knows the score so if you feel inclined..... bid away and see what happens. Just don't bid past what you're happy to pay. It could be a bargain 

Hello and welcome,
I would recommend more research before deciding on what to buy as your first purchase.  While there are people that stack bars they are in the minority and coins tend to be more popular making them more liquid when you sell.  Whatever you decide though DO NOT buy a gold bar from eBay, a lot of fakes.  Stick to a dealer or one of the reputable sellers on here.  I also agree completely with what other have said regarding the security features on modern Britannia coins.
Good luck whatever you decide

Welcome aboard james.
Firstly, there's nothing wrong with a 10g bar, that's a very healthy start. If you are only buying because you think they are safer than coins, they are not unfortunately. Please make sure to buy from a reputable source, someone on here with good feedback and activity levels ( unfortunately carded gold is heavily faked) and can easily fool new stackers, due to it being carded and and our unwillingness to remove from packaging. 
Sovereigns or 1/4oz britannias are another option and CGT free, whilst they may make you nervous now, as long as your buy from the correct sources ( your effectively buying their experience too) so there nothing to worry about, as long as you do your due diligence. 
Coins also offer a learning experience, the history and you learning to measure and weigh them etc,it's all part of the fun.
Any help needed whatsoever and don't be shy to ask, there's someone on here with the answer to the question yet to be asked. 
 

If they're the same price as Brits, and you are buying anyway, can't really go too far wrong

I do have 2 of them and they are typical Royal Mint bullion quality, but the Robin Hood series was popular with the British public, if you have one they sell quickly around the £100 mark! 

I bought 5 of them, all 5 are now covered in milk spot and not small blemishes they're half to two thirds covered in milk spot.

i must be lucky.  the one i got from rm was pretty good.  i have by no means put it under a microscope and doubt it would get an ms 70 but there were no easily visible marks, scratches or dents.  or the m word - yet.

Alas this series has been produced to the very lowest possible bullion standard (terrible scratching and milking) that I think it would be very unlikely to find a good example

Alas this series has been produced to the very lowest possible bullion standard (terrible scratching and milking) that I think it would be very unlikely to find a good example

I find it annoying that a lot of sellers edit their listings after they sell an item and remove pricing/details of the original listing. Some even completely edit their listing 2-3 weeks later thinking no one would pay attention and leave it all blank.
You can dispute it and give me a reason for it but I feel it is wrong. If you want members to focus on THE SILVER FORUM rather than dealers to get a "better deal" this approach of removing all details on completed listings shouldn't be encouraged. It definitely won't encourage members to trust or spend more time on TSF compared to dealers. Whether someone has missed out on your listing or not - they may have compared it to a dealer price and you never know they would be encouarged to wait it out for another member on TSF to list the same item or something similar and not immediately purchase it from a dealer at a higher price.
Completed listings help both future sellers and buyers. Moreso new members to the forum.
Also:
Recently I noticed a trait of certain sellers undercutting others. If you find someone has already listed a coin/bar for sale and you want to sell the same thing. Maybe wait for that to be sold then list yours? Especially if they aren't really known to be selling on a regular basis like more seasoned sellers as some of you are. I would classify it as a sign of respect and forum etiquette?
Off course with sovereigns and britannias I don't expect everyone to wait for one listing to be sold then list yours. It's common sense at the end of the day.

Yes! Yes! And Yes!
I agree. It looks like sellers are enshamed with their prices and want to erase any evidences. 
Also, this practice is discouraged by TSF T&C. See Guidelines:
 "6.2.2. The edit post feature is there to allow members to edit mistakes, and for users to update their trade topics; for example when their item(s) has sold, or their price has changed. Currently the system allows members to edit their posts up to 30 days from posting. Members may edit a completed trade listing to remove the sale price should they wish, though we prefer if this wasn't done in order to protect historical data so that members can see what prices similar items sold for. This is very helpful when a member is looking to price their item for sale. Please do not edit out what was sold. "

The Canadian Mint actually only admits that their patented method only ‘reduces’ milk spotting and if it is going to happen then it will just take longer to show.🤔

My 2023 Brits already have really bad milk spots, my 2021 maples still don’t, so even if it takes longer for them to appear at least  it gives me more time to sell them on without taking a hit on the premiums.