Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

Pete

Silver Premium Member
  • Posts

    5,024
  • Joined

  • Last visited

  • Days Won

    2
  • Trading Feedback

    100%
  • Country

    United Kingdom

Reputation Activity

  1. Like
    Pete got a reaction from ZigZag in What would you do? Gold buying dilema   
    I would stay clear of commemorative proof coins that sell at high premiums.
    I have direct personal experience with beautiful ( some very low mintage ) FDC condition gold Britannia and Sovereign boxes sets.
    When I wanted to sell these sets I found it very difficult to find buyers willing to pay more than bullion prices.
    I also spoke to main dealers that had exactly the same sets advertised with premiums often approaching 100% but they would not even buy at spot price at the time.
    You can get attached to a set of coins believing they will retain value because you paid a high price or it is a very limited coin or set.
    Unfortunately when you are selling you may not find others sharing your views so will be extremely disappointed.
    Just my viewpoint but you did ask the question inviting comments.
     
  2. Super Like
    Pete got a reaction from CANV in Britannias or maple leafs?   
    Brits pre- 2013 are definitely worth collecting.
    From 2013 - only if you are able to buy at decent prices.
    QC from the RM after they switched to fine silver Brits ( and other silver coins ) went down the toilet.
    This doesn't matter if all you are interested in is quantity of bullion silver.
    Maples and similar Canadian coins were a basic coin and often at great prices, but suffered from the dreaded milk spotting and milk staining.
    The newer Maples are of superb quality and don't spot so compared to the recent Britannias would be my choice.
    RM coins seem also to suffer from rub marks, scuffs and reeded dings suggesting they fly off the production line into hoppers, colliding with each other as if they were manufactured like washers. Fine silver is relatively soft so dropping the edge of one coin on to a flat coin is going to damage the surface and if you slide coins over each other the highest points are going to get scuffed.
    I wouldn't get too attached to KCIII being the first in 2023 or QEII being the last as the bullion mintages are high.
    You could be lucky getting a tube of lovely RM coins but be warned they are prone to spotting as were the earlier Maples.
     
  3. Like
    Pete got a reaction from silvergaga in Britannias or maple leafs?   
    Brits pre- 2013 are definitely worth collecting.
    From 2013 - only if you are able to buy at decent prices.
    QC from the RM after they switched to fine silver Brits ( and other silver coins ) went down the toilet.
    This doesn't matter if all you are interested in is quantity of bullion silver.
    Maples and similar Canadian coins were a basic coin and often at great prices, but suffered from the dreaded milk spotting and milk staining.
    The newer Maples are of superb quality and don't spot so compared to the recent Britannias would be my choice.
    RM coins seem also to suffer from rub marks, scuffs and reeded dings suggesting they fly off the production line into hoppers, colliding with each other as if they were manufactured like washers. Fine silver is relatively soft so dropping the edge of one coin on to a flat coin is going to damage the surface and if you slide coins over each other the highest points are going to get scuffed.
    I wouldn't get too attached to KCIII being the first in 2023 or QEII being the last as the bullion mintages are high.
    You could be lucky getting a tube of lovely RM coins but be warned they are prone to spotting as were the earlier Maples.
     
  4. Thanks
    Pete got a reaction from JRR in Britannias or maple leafs?   
    Brits pre- 2013 are definitely worth collecting.
    From 2013 - only if you are able to buy at decent prices.
    QC from the RM after they switched to fine silver Brits ( and other silver coins ) went down the toilet.
    This doesn't matter if all you are interested in is quantity of bullion silver.
    Maples and similar Canadian coins were a basic coin and often at great prices, but suffered from the dreaded milk spotting and milk staining.
    The newer Maples are of superb quality and don't spot so compared to the recent Britannias would be my choice.
    RM coins seem also to suffer from rub marks, scuffs and reeded dings suggesting they fly off the production line into hoppers, colliding with each other as if they were manufactured like washers. Fine silver is relatively soft so dropping the edge of one coin on to a flat coin is going to damage the surface and if you slide coins over each other the highest points are going to get scuffed.
    I wouldn't get too attached to KCIII being the first in 2023 or QEII being the last as the bullion mintages are high.
    You could be lucky getting a tube of lovely RM coins but be warned they are prone to spotting as were the earlier Maples.
     
  5. Thanks
    Pete reacted to flyingveepixie in Thoughts on an Iconic Silver Coin Set - Canadian Wildlife 6 x Coin Series   
    It's the thing with silver isn't it.  Any promise of a great return on silver products has, apart from a couple of brief moments in spot history,  been so far proven to be complete fantasy. I've learned over the last couple of years that buying silver can only be justified on aesthetic grounds, but not as an investment for an expected return. I blame the scam paper/digital : physical silver ratio for that.  
    I have one complete set of silver proof coins - history of aviation - which I've owned for around 20 years, along with a few other individual silver proofs in presentation boxes, which I've had for even longer than that, and all of which if I sold now I would expect to make a loss on. The Aviation set is a beautiful set in a beautiful presentation box, with a laminated information sheet to go with every coin, all held in a nice binder. Each coin cost about £25.00   20+ years ago, but I doubt if anyone would want it enough to pay what I would like it to be worth - if you catch my drift... 🤔  I suspect it would be the same scenario with @Pete's coins.   Although I would happily be shown to be completely wrong..😀  
    Unless you desperately want or need to get rid of them my instinct would be to hold the coins for a while yet and see if spot rises a bit, as I suspect it might if the financial world of scam bankers, paper silver, and crappy fiat comes crashing down....  
  6. Like
    Pete got a reaction from flyingveepixie in Thoughts on an Iconic Silver Coin Set - Canadian Wildlife 6 x Coin Series   
    I am seeking feedback from fellow stackers and collectors and to get started here is an extract from CoinInvest.

    "....The Canadian Wildlife silver bullion coin collection features six coins bearing iconic animals that are native to Canada. Produced by the Royal Canadian Mint, one of the finest refineries in the world, these iconic coins are minted to the highest precision and contain .9999 pure silver content. The wildlife series has proven to be immensely popular with enthusiasts and with only a million of each coin in circulation are highly sought after assets. Investors in silver Canadian Wildlife coins can expect a great return on their investment ...."
    "The collection includes, the Timber Wolf and the Grizzly which were manufactured in 2011, the Cougar and Moose from 2012 and the finally the Pronghorn Antelope followed by the Wood Bison in 2013"
     
    Back then, over 10 years ago, at the time of issue I was a silver addict and bought several tubes of each as soon as they were released.
    I subsequently purchased a quantity of bespoke nice wooden boxes with artwork to make up complete sets including special thin capsules with no edges to fit the somewhat tight slots. Each box cost over £30 after a generous discount due to a bulk purchase.
    At the time, some of us oldies remember the £30 or thereabouts spot so since that date I have been wondering about the CoinInvest "great return" which still seems way off.
    Checking the most recent sales on eBay for individual coins they seem to shift in and around £29 - £31 plus say £3 per coin shipping.
    My question to fellow forum members and silver junkies is what would you think a realistic and fair price would be for a pristine essentially brand new boxed set ?
    Some of these wildlife coins don't turn up that frequently and I am sure many will not necessarily be in mint condition or in the correct sized capsules.
    My coins have never been out from their tubes and I would select spot free coins when necessary so would be offering the best possible pristine sets.
    I would definitely like to sell the coin boxes as they are taking up valuable space.
    The silver is vaulted so that doesn't matter and it can be passed to the next generation as I don't need to sell.
    However if there is potential interest in boxed sets I could try selling here or drip feeding eBay whenever there are seller offers.
    Anyhow I welcome all constructive feedback and I may decide in the next coming weeks to make up a set or two to take photos and test the temperature by offering for auction in the forum.
    Thanks in advance for any comments.
     
  7. Thanks
    Pete reacted to watchesandwhisky in Thoughts on an Iconic Silver Coin Set - Canadian Wildlife 6 x Coin Series   
    I am so out of the collecting loop Pete I'm afraid I wont be of much help, The wood Bison's was the first coins I bought, at £25 a pop from Atkinson's the jewellers! I sold them ages ago but ten years on I would say that quote from coininvest seems so irresponsible, I get they want to shift product but It seems like quite the prediction to make! 
  8. Thanks
    Pete reacted to Shinus73 in Thoughts on an Iconic Silver Coin Set - Canadian Wildlife 6 x Coin Series   
    I’m guessing you might get £200-£220 for the set with a box. My experience of complete sets is that people expect to pay less, rather than more.
    The first coin in this series has a special place in my stacking heart. My first large silver purchase from Germany was two tubes of the Timber Wolf (2010?), as they seemed an exciting variation. At the  time you could only get Philharmonics, Eagles, Maple Leaf and Perth Mint (expensive). 
    I paid £19.50 per oz all in and sold them for an average of more than £40 per oz. No such premium for them these days.
  9. Like
    Pete got a reaction from ArgentSmith in Fractional Platinum (and Palladium too I suppose) -- Coins Shops/Dealers don't seem to want to buy as of late?   
    Dealers and coin shops want to "flip" inventory as quickly as they can.
    They know gold and popular silver will sell very quickly.
    That means they can all operate on a modest to low margin.
    However if no-one is buying fraction Platinum then they are sitting on inventory and cash flow becomes an issue.
    This also happens with for example gold proof sets that most people pay high premiums to purchase whilst often being paid no more than bullion prices when selling. Mark-ups on these sets in coin shops can be ridiculously high hoping someone believes the set is worth this amount and hasn't done their research.
    I like Platinum coins and reckon Platinum is undervalued so when an opportunity arises to grab a bargain I will consider but only 1 oz coins.
    Unfortunately they are not as abundant as gold coins so prices over spot, unlike gold, are disproportionate and also here in the UK we incur 20% sales tax.
    This puts a lot of prospective buyers off who decide to stick with gold.
  10. Like
    Pete got a reaction from Aldebaran in Stolen Coins - Help!   
    Contact the Royal Mint and supply them with all the information.
    They should have full insurance so let them sort it out.
    I haven't ordered from them lately but it used to be annoying that the outside label stated in small print the contents were precious metals or something like that.

    I once had a package ripped apart in the Royal Mail sorting depot and the contents surprising disappeared but as I was the shipper I made a claim and obtained full compensation from the Royal Mail but it took a fair bit of form filling etc.
  11. Like
    Pete got a reaction from CazLikesCoins in Stolen Coins - Help!   
    Contact the Royal Mint and supply them with all the information.
    They should have full insurance so let them sort it out.
    I haven't ordered from them lately but it used to be annoying that the outside label stated in small print the contents were precious metals or something like that.

    I once had a package ripped apart in the Royal Mail sorting depot and the contents surprising disappeared but as I was the shipper I made a claim and obtained full compensation from the Royal Mail but it took a fair bit of form filling etc.
  12. Thanks
    Pete got a reaction from timsk in Stolen Coins - Help!   
    Contact the Royal Mint and supply them with all the information.
    They should have full insurance so let them sort it out.
    I haven't ordered from them lately but it used to be annoying that the outside label stated in small print the contents were precious metals or something like that.

    I once had a package ripped apart in the Royal Mail sorting depot and the contents surprising disappeared but as I was the shipper I made a claim and obtained full compensation from the Royal Mail but it took a fair bit of form filling etc.
  13. Like
    Pete reacted to Shinus73 in 2007 1/4 Oz Platinum Proof Britannia   
    2007 1/4 Oz Proof Platinum Britannia - £450 posted
    Not perfect, probably not gradable, but a hard to come by coin.
    Payment by BT or Paypal F+F.
    Thanks
    Peter




  14. Like
    Pete got a reaction from Wileyfox in Time to take some profits in Pt?   
    Don't forget that Platinum used to be higher priced than gold.
    Why it is well below gold I don't know because Pt is rarer and more expensive to mine.
    In jewellery it was historically seen as more precious than gold.
    Some will say the price fell due to low industrial demand but what would happen if overnight the hydrogen market took off, fuel cells took off, water purification took off, maybe Elon Musk shows interest .... ???
    Just maybe however gold is too high and at some point will collapse - who knows ?

    I am holding onto my Pt as making a small profit now isn't really of any interest.
    I sold most of my gold a while back and now wish I hadn't as it has risen a lot since.
    Same could happen with Pt so unless you require the cash I would hold.
  15. Super Like
    Pete got a reaction from arphethean in Time to take some profits in Pt?   
    Don't forget that Platinum used to be higher priced than gold.
    Why it is well below gold I don't know because Pt is rarer and more expensive to mine.
    In jewellery it was historically seen as more precious than gold.
    Some will say the price fell due to low industrial demand but what would happen if overnight the hydrogen market took off, fuel cells took off, water purification took off, maybe Elon Musk shows interest .... ???
    Just maybe however gold is too high and at some point will collapse - who knows ?

    I am holding onto my Pt as making a small profit now isn't really of any interest.
    I sold most of my gold a while back and now wish I hadn't as it has risen a lot since.
    Same could happen with Pt so unless you require the cash I would hold.
  16. Thanks
    Pete got a reaction from Joshp in Milkspotting, worst you've seen?   
    Shocking but I have seen worse in brand new coins both from our Royal Mint and also the Canadian Mint several years ago.
    I complained to my dealer who wasn't interested and informed me that they didn't have the time to check - so tough sh!t !!
    That resulted in me never using that dealer again so losing them a lot of business over many years.
    Unfortunately there really isn't much you can do but try talking to your supplier.
    How they are stored in my opinion has nothing to do with these spots and blemishes.
    This is a problem during manufacture and unacceptable poor quality control - only certify weight and finesse - and if you want a better coin buy a proof.
    That's the message from our Royal Mint just for your information.
  17. Like
    Pete got a reaction from Chrisplym in Time to take some profits in Pt?   
    Don't forget that Platinum used to be higher priced than gold.
    Why it is well below gold I don't know because Pt is rarer and more expensive to mine.
    In jewellery it was historically seen as more precious than gold.
    Some will say the price fell due to low industrial demand but what would happen if overnight the hydrogen market took off, fuel cells took off, water purification took off, maybe Elon Musk shows interest .... ???
    Just maybe however gold is too high and at some point will collapse - who knows ?

    I am holding onto my Pt as making a small profit now isn't really of any interest.
    I sold most of my gold a while back and now wish I hadn't as it has risen a lot since.
    Same could happen with Pt so unless you require the cash I would hold.
  18. Like
    Pete got a reaction from Stuntman in Time to take some profits in Pt?   
    Don't forget that Platinum used to be higher priced than gold.
    Why it is well below gold I don't know because Pt is rarer and more expensive to mine.
    In jewellery it was historically seen as more precious than gold.
    Some will say the price fell due to low industrial demand but what would happen if overnight the hydrogen market took off, fuel cells took off, water purification took off, maybe Elon Musk shows interest .... ???
    Just maybe however gold is too high and at some point will collapse - who knows ?

    I am holding onto my Pt as making a small profit now isn't really of any interest.
    I sold most of my gold a while back and now wish I hadn't as it has risen a lot since.
    Same could happen with Pt so unless you require the cash I would hold.
  19. Like
    Pete got a reaction from Ted1945 in What would you do? Gold buying dilema   
    I would stay clear of commemorative proof coins that sell at high premiums.
    I have direct personal experience with beautiful ( some very low mintage ) FDC condition gold Britannia and Sovereign boxes sets.
    When I wanted to sell these sets I found it very difficult to find buyers willing to pay more than bullion prices.
    I also spoke to main dealers that had exactly the same sets advertised with premiums often approaching 100% but they would not even buy at spot price at the time.
    You can get attached to a set of coins believing they will retain value because you paid a high price or it is a very limited coin or set.
    Unfortunately when you are selling you may not find others sharing your views so will be extremely disappointed.
    Just my viewpoint but you did ask the question inviting comments.
     
  20. Like
    Pete got a reaction from MrStacker in What would you do? Gold buying dilema   
    I would stay clear of commemorative proof coins that sell at high premiums.
    I have direct personal experience with beautiful ( some very low mintage ) FDC condition gold Britannia and Sovereign boxes sets.
    When I wanted to sell these sets I found it very difficult to find buyers willing to pay more than bullion prices.
    I also spoke to main dealers that had exactly the same sets advertised with premiums often approaching 100% but they would not even buy at spot price at the time.
    You can get attached to a set of coins believing they will retain value because you paid a high price or it is a very limited coin or set.
    Unfortunately when you are selling you may not find others sharing your views so will be extremely disappointed.
    Just my viewpoint but you did ask the question inviting comments.
     
  21. Like
    Pete got a reaction from FourNinesFine in The rally in gold and silver prices is just getting going   
    I don't look at any forecasts these days because most of them are total B.S.
    So called "experts" and "people in the know" spew out endless videos and recommendations.
    My memory takes me back to the period when silver was heading for the moon etc. etc. and all the pundits were analysing Chinese buying, shortages of metal vs paper contracts, Morgan Stanley .... blah blah blah.
    Now over a decade later silver hasn't returned near to its highs despite the expert predictions and the market at the time.
    Gold to me looks high and is trading high but remember to strip out inflation and currency weakness.
    It is still a great asset to own especially if purchased a while back but will it maintain its steady upward trend ?
    No-one knows but you can attach any global event to explain an upward or downward trend.
    Not so long ago pundits were predicting the collapse of the USD and last Autumn the pound was essentially parity with the dollar.
    Everything currently is risky and the tide could change without warning so maintain a diversified portfolio at all times.
  22. Like
    Pete got a reaction from Wileyfox in What would you do? Gold buying dilema   
    I would stay clear of commemorative proof coins that sell at high premiums.
    I have direct personal experience with beautiful ( some very low mintage ) FDC condition gold Britannia and Sovereign boxes sets.
    When I wanted to sell these sets I found it very difficult to find buyers willing to pay more than bullion prices.
    I also spoke to main dealers that had exactly the same sets advertised with premiums often approaching 100% but they would not even buy at spot price at the time.
    You can get attached to a set of coins believing they will retain value because you paid a high price or it is a very limited coin or set.
    Unfortunately when you are selling you may not find others sharing your views so will be extremely disappointed.
    Just my viewpoint but you did ask the question inviting comments.
     
  23. Like
    Pete got a reaction from silvergaga in The rally in gold and silver prices is just getting going   
    I don't look at any forecasts these days because most of them are total B.S.
    So called "experts" and "people in the know" spew out endless videos and recommendations.
    My memory takes me back to the period when silver was heading for the moon etc. etc. and all the pundits were analysing Chinese buying, shortages of metal vs paper contracts, Morgan Stanley .... blah blah blah.
    Now over a decade later silver hasn't returned near to its highs despite the expert predictions and the market at the time.
    Gold to me looks high and is trading high but remember to strip out inflation and currency weakness.
    It is still a great asset to own especially if purchased a while back but will it maintain its steady upward trend ?
    No-one knows but you can attach any global event to explain an upward or downward trend.
    Not so long ago pundits were predicting the collapse of the USD and last Autumn the pound was essentially parity with the dollar.
    Everything currently is risky and the tide could change without warning so maintain a diversified portfolio at all times.
  24. Like
    Pete got a reaction from MBTPSilver in What would you do? Gold buying dilema   
    I would stay clear of commemorative proof coins that sell at high premiums.
    I have direct personal experience with beautiful ( some very low mintage ) FDC condition gold Britannia and Sovereign boxes sets.
    When I wanted to sell these sets I found it very difficult to find buyers willing to pay more than bullion prices.
    I also spoke to main dealers that had exactly the same sets advertised with premiums often approaching 100% but they would not even buy at spot price at the time.
    You can get attached to a set of coins believing they will retain value because you paid a high price or it is a very limited coin or set.
    Unfortunately when you are selling you may not find others sharing your views so will be extremely disappointed.
    Just my viewpoint but you did ask the question inviting comments.
     
  25. Like
    Pete got a reaction from Arisian in What would you do? Gold buying dilema   
    I would stay clear of commemorative proof coins that sell at high premiums.
    I have direct personal experience with beautiful ( some very low mintage ) FDC condition gold Britannia and Sovereign boxes sets.
    When I wanted to sell these sets I found it very difficult to find buyers willing to pay more than bullion prices.
    I also spoke to main dealers that had exactly the same sets advertised with premiums often approaching 100% but they would not even buy at spot price at the time.
    You can get attached to a set of coins believing they will retain value because you paid a high price or it is a very limited coin or set.
    Unfortunately when you are selling you may not find others sharing your views so will be extremely disappointed.
    Just my viewpoint but you did ask the question inviting comments.
     
×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use