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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 Tn21 in Buyers - How much effort do you put into finding the best Price for your Gold & Silver?   
    A long term stacker !!
    Did you follow the herd and buy during the peaks in 2011 ?
    Sadly I bought a lot - things were at a fever pitch and coins were selling on eBay the moment they were listed.
    At the time you had to pay full VAT buying from the likes of CoinInvest but the German rate of VAT was low ( 7 or 9% ? - cannot recall ) so I bought mainly from German dealers.
    I saw my "investment" crash but luckily I wasn't relying on this to pay the bills.
    Fortunately I also managed to buy when silver was low and by selling some of this have kind of cancelled some, but not all, of the book value losses.
    GS.be and the European Mint have been super but only if you bought sufficient to amortise the shipping.
    GS.be also allow you to build up multiple orders to have shipped as a single lot but I wonder how things will look in the new year.
    Maybe this is an opportunity for a future branch GS.ie as it may take decades so sort out trade outside of the EU.
  2. Thanks
    Pete got a reaction from arshimo2012 in Buyers - How much effort do you put into finding the best Price for your Gold & Silver?   
    As @Shinus73 stated this forum has proved its worth in being able to provide a platform where sellers and buyers find and strike deals that are most of the time the best.
    I noticed you are relatively new on the forum so you don't have the same experience as many of us who have been buying and selling for many years very successfully.
    Many of us are very astute in seeking out good deals and we have well honed experience in checking out competitive prices both when buying and selling.

    As a stacker of silver I do research before making any purchases and when for example  @arshimo2012 lists silver bars and coins on the Silver Forum you have to be monitoring your screen live when he lists his stuff because if you blink you have missed a bargain.

    If you are desperately seeking a specific coin then you might pay extra because there is no-one else offering this coin.
    Some websites like BullionbyPost might show a coin that is out of stock for £30 but you would find it impossible to source anywhere for less than £60 so a seller is going to try and get close to £60. When buying basic bullion then personally I look for the cheapest but factoring in also the cost of shipping or adding VAT plus other charges if purchasing in the USA or Australia.

    Last summer I sold a lot of gold coins to forum members at prices you could not even think about getting from any dealers.
    Show me a dealer that sells gold proof Britannias, gold proof sovereigns, doubles and quintuples at SPOT price.
    Even boxed proof sets at a few percent over spot when your well known dealers were asking 60% premiums on identical sets.

    When it comes to selling, some of us research the market very thoroughly and price accordingly.
    Serious forum buyers do their homework and if a product is over-priced it does not sell.
    Having said that I failed to sell some coins priced at less than £24 here but saw the same coins sell on eBay for over £35 during the same period.
    There will always be opportunists and some coins could be overpriced but generally not from any seasoned members.
    @Tn21 mentioned you are only scratching the surface so stick with it and if someone is listing at too high a price, don't buy.
    Some sellers however might reconsider if you sent them an offer backing up your price as perhaps they weren't as well informed.

    It will be interesting to see how silver prices change after December 31 when buying from our VAT free or differential VAT suppliers will have ended.
    That's where some of us stackers get our benchmark prices.
  3. Thanks
    Pete got a reaction from JasonDavies in Buyers - How much effort do you put into finding the best Price for your Gold & Silver?   
    As @Shinus73 stated this forum has proved its worth in being able to provide a platform where sellers and buyers find and strike deals that are most of the time the best.
    I noticed you are relatively new on the forum so you don't have the same experience as many of us who have been buying and selling for many years very successfully.
    Many of us are very astute in seeking out good deals and we have well honed experience in checking out competitive prices both when buying and selling.

    As a stacker of silver I do research before making any purchases and when for example  @arshimo2012 lists silver bars and coins on the Silver Forum you have to be monitoring your screen live when he lists his stuff because if you blink you have missed a bargain.

    If you are desperately seeking a specific coin then you might pay extra because there is no-one else offering this coin.
    Some websites like BullionbyPost might show a coin that is out of stock for £30 but you would find it impossible to source anywhere for less than £60 so a seller is going to try and get close to £60. When buying basic bullion then personally I look for the cheapest but factoring in also the cost of shipping or adding VAT plus other charges if purchasing in the USA or Australia.

    Last summer I sold a lot of gold coins to forum members at prices you could not even think about getting from any dealers.
    Show me a dealer that sells gold proof Britannias, gold proof sovereigns, doubles and quintuples at SPOT price.
    Even boxed proof sets at a few percent over spot when your well known dealers were asking 60% premiums on identical sets.

    When it comes to selling, some of us research the market very thoroughly and price accordingly.
    Serious forum buyers do their homework and if a product is over-priced it does not sell.
    Having said that I failed to sell some coins priced at less than £24 here but saw the same coins sell on eBay for over £35 during the same period.
    There will always be opportunists and some coins could be overpriced but generally not from any seasoned members.
    @Tn21 mentioned you are only scratching the surface so stick with it and if someone is listing at too high a price, don't buy.
    Some sellers however might reconsider if you sent them an offer backing up your price as perhaps they weren't as well informed.

    It will be interesting to see how silver prices change after December 31 when buying from our VAT free or differential VAT suppliers will have ended.
    That's where some of us stackers get our benchmark prices.
  4. Like
    Pete got a reaction from Tn21 in Buyers - How much effort do you put into finding the best Price for your Gold & Silver?   
    As @Shinus73 stated this forum has proved its worth in being able to provide a platform where sellers and buyers find and strike deals that are most of the time the best.
    I noticed you are relatively new on the forum so you don't have the same experience as many of us who have been buying and selling for many years very successfully.
    Many of us are very astute in seeking out good deals and we have well honed experience in checking out competitive prices both when buying and selling.

    As a stacker of silver I do research before making any purchases and when for example  @arshimo2012 lists silver bars and coins on the Silver Forum you have to be monitoring your screen live when he lists his stuff because if you blink you have missed a bargain.

    If you are desperately seeking a specific coin then you might pay extra because there is no-one else offering this coin.
    Some websites like BullionbyPost might show a coin that is out of stock for £30 but you would find it impossible to source anywhere for less than £60 so a seller is going to try and get close to £60. When buying basic bullion then personally I look for the cheapest but factoring in also the cost of shipping or adding VAT plus other charges if purchasing in the USA or Australia.

    Last summer I sold a lot of gold coins to forum members at prices you could not even think about getting from any dealers.
    Show me a dealer that sells gold proof Britannias, gold proof sovereigns, doubles and quintuples at SPOT price.
    Even boxed proof sets at a few percent over spot when your well known dealers were asking 60% premiums on identical sets.

    When it comes to selling, some of us research the market very thoroughly and price accordingly.
    Serious forum buyers do their homework and if a product is over-priced it does not sell.
    Having said that I failed to sell some coins priced at less than £24 here but saw the same coins sell on eBay for over £35 during the same period.
    There will always be opportunists and some coins could be overpriced but generally not from any seasoned members.
    @Tn21 mentioned you are only scratching the surface so stick with it and if someone is listing at too high a price, don't buy.
    Some sellers however might reconsider if you sent them an offer backing up your price as perhaps they weren't as well informed.

    It will be interesting to see how silver prices change after December 31 when buying from our VAT free or differential VAT suppliers will have ended.
    That's where some of us stackers get our benchmark prices.
  5. Like
    Pete got a reaction from TopMasterTrader in Queen's Beasts (Gold & Silver) Photo Thread   
    The Beasts so far in yellow metal

  6. Like
    Pete got a reaction from John79 in Silver Monitoring Thread £ (GBP) only.   
    Finally !!
    "To infinity and beyond ...."

  7. Like
    Pete got a reaction from GoldenBrit in Silver Monitoring Thread £ (GBP) only.   
    Finally !!
    "To infinity and beyond ...."

  8. Like
    Pete got a reaction from Spanishsilver in Silver Monitoring Thread £ (GBP) only.   
    Finally !!
    "To infinity and beyond ...."

  9. Like
    Pete got a reaction from Kman in Silver Monitoring Thread £ (GBP) only.   
    Finally !!
    "To infinity and beyond ...."

  10. Like
    Pete got a reaction from mr1030 in Bars Photo Thread...   
    Seeing a couple of Geiger bars sell recently the Forum I just brought mine out for fresh air.

     
  11. Like
    Pete got a reaction from robinvonbrex in Pep talk: don't sell your PM now   
    I have seen so many rises in value of various investments, followed by crashes and total wipe outs.
    Once I bought shares for about £20k, saw them rise twenty-fold and drop to half what I originally paid even though the Company was rock solid.
    I have just sold most of my gold because the current price is relatively high.
    Maybe that will prove to be a mistake but I didn't sell my shares when I should have, because I was convinced they were going to rise even further.
    No-one on the planet can forecast commodity prices and guarantee PMs as a safe investment - this is classed as high risk for a reason.
  12. Like
    Pete got a reaction from ArgentSmith in Complete Noob in need of help   
    You might want to start reading about silver and gold coins, watch some Youtube videos and read many of the very interesting posts in the various sections of this forum.
    Do this before you make any purchases as you don't want to fall into any traps.
    Just be careful - and if you are going to start buying silver coins familiarise yourself with the most common and popular coins.
    Before you buy any maybe enter a request in the UK trade section.
    Lastly - sovereigns I am sure you know are 22 carat ( 91.66% gold ) gold coins and will cost about £360 each at the moment or a lot more depending on the supplier.
    For the same amount of money you could buy about 20 x 1 ounce silver coins.
    A sovereign is about the size of a one pence coin and to a new stacker might be kind of scary relating what's in your hand, hoping you don't drop it and loose it in the pile of your carpet, to what you just paid for it.
  13. Thanks
    Pete reacted to SilverDrum in Today I Received.....   
    Two more Britannia's for the stack from @Pete, thanks again! Completed my Oriental Britannia date run and also a lovely 2001 Britannia. Forgot to take picture's before i popped them into some airtites..not a chance they are coming back out easily, so my bad on non nude pictures!



  14. Like
    Pete got a reaction from littlesilvervw in Complete Noob in need of help   
    You might want to start reading about silver and gold coins, watch some Youtube videos and read many of the very interesting posts in the various sections of this forum.
    Do this before you make any purchases as you don't want to fall into any traps.
    Just be careful - and if you are going to start buying silver coins familiarise yourself with the most common and popular coins.
    Before you buy any maybe enter a request in the UK trade section.
    Lastly - sovereigns I am sure you know are 22 carat ( 91.66% gold ) gold coins and will cost about £360 each at the moment or a lot more depending on the supplier.
    For the same amount of money you could buy about 20 x 1 ounce silver coins.
    A sovereign is about the size of a one pence coin and to a new stacker might be kind of scary relating what's in your hand, hoping you don't drop it and loose it in the pile of your carpet, to what you just paid for it.
  15. Like
    Pete got a reaction from 5huggy in Complete Noob in need of help   
    @Dee - I am a tad confused when your opening gambit is you want to invest in "Silver Coins" then jump straight into sovereigns.
    What is it ??
    As for buying gold, try to get for less than 5% over spot.
    Check the spot price regularly as it fluctuates by the second.
    A new sovereign typically weighs 8 grams ( 7.98 min ) and therefore contains 7.3 grams of gold.
    Calculate spot value by multiplying the published spot price per gram by 7.3 then add 5% to obtain your target price.
    Don't forget that most sellers would post using special delivery costing around £7 in addition.
    When the market is hot prices can be higher but in normal times you can often find a seller on this forum selling at spot price which no dealer will do.
  16. Like
    Pete got a reaction from Matt29MR in Complete Noob in need of help   
    You might want to start reading about silver and gold coins, watch some Youtube videos and read many of the very interesting posts in the various sections of this forum.
    Do this before you make any purchases as you don't want to fall into any traps.
    Just be careful - and if you are going to start buying silver coins familiarise yourself with the most common and popular coins.
    Before you buy any maybe enter a request in the UK trade section.
    Lastly - sovereigns I am sure you know are 22 carat ( 91.66% gold ) gold coins and will cost about £360 each at the moment or a lot more depending on the supplier.
    For the same amount of money you could buy about 20 x 1 ounce silver coins.
    A sovereign is about the size of a one pence coin and to a new stacker might be kind of scary relating what's in your hand, hoping you don't drop it and loose it in the pile of your carpet, to what you just paid for it.
  17. Like
    Pete got a reaction from 5huggy in Complete Noob in need of help   
    You might want to start reading about silver and gold coins, watch some Youtube videos and read many of the very interesting posts in the various sections of this forum.
    Do this before you make any purchases as you don't want to fall into any traps.
    Just be careful - and if you are going to start buying silver coins familiarise yourself with the most common and popular coins.
    Before you buy any maybe enter a request in the UK trade section.
    Lastly - sovereigns I am sure you know are 22 carat ( 91.66% gold ) gold coins and will cost about £360 each at the moment or a lot more depending on the supplier.
    For the same amount of money you could buy about 20 x 1 ounce silver coins.
    A sovereign is about the size of a one pence coin and to a new stacker might be kind of scary relating what's in your hand, hoping you don't drop it and loose it in the pile of your carpet, to what you just paid for it.
  18. Like
    Pete got a reaction from Midasfrog in Libertad Photo Thread...   
    A real paperweight purchased at the wrong time when silver was over $40 per ounce - ouch !!
     

  19. Thanks
    Pete reacted to LiquidMetalsUK in Today I Received.....   
    Another stunner from @Pete 250g pamp and a silvertrader purchase. 2020 mayflower to finish the set 



  20. Thanks
    Pete reacted to LiquidMetalsUK in Today I Received.....   
    They dont come much more stunning than this. Beautiful 10oz lady arrived today. Massive thanks to @Pete for this one 

  21. Like
    Pete reacted to Rocky2000 in If silver goes to £28 per ounce like 2011   
    You really think there is more chance of the GSR going up even more from here than coming down?
     
    im amazed anybody could think this
  22. Like
    Pete got a reaction from GoldElliott in If silver goes to £28 per ounce like 2011   
    Obviously its difficult impossible to get silver at the spot price unless you are a dealer buying silver.

    Most of the seasoned stackers here also bought at the differential VAT rate from Europe.
    Market value remains what people are prepared to pay and driven by demand.
    Agreed prices have risen whilst spot has not, so yes premiums have shot up BUT that's the same thing as current market value.
    In hindsight I should not have piled in when spot was hovering around £30 per ounce in the fall of 2011 ( but it was forecast to rise way beyond this price ) and I should have double piled in when silver ounce coins were around £12 in early 2016.
    This is a volatile investment and will work when you are lucky enough to buy cheap and prices rise but unfortunately there are no guarantees or safety nets to protect you agains dramatic falls. There is also no point in looking at charts and trying to extrapolate the curve. Many of us have done this but maybe not admitting so. It's like avoiding picking lottery numbers avoiding those than won last week reckoning they cannot appear so soon.
    You are fortunate that you bought in bulk when you did.
    Just be careful now and don't loose your shirt buying gold because my genie outside the bottle is getting nervous about the long term price reckoning a lot of profit taking will kick in once we have overcome Covid -19
  23. Like
    Pete got a reaction from Troy77 in Bars Photo Thread...   
    Seeing a couple of Geiger bars sell recently the Forum I just brought mine out for fresh air.

     
  24. Thanks
    Pete reacted to danmc82 in Today I Received.....   
    Received today from @Pete. Been after the 1997 1oz Proof for a while. Now my date run is complete 😀
     



  25. Like
    Pete got a reaction from sixfour in Bars Photo Thread...   
    Seeing a couple of Geiger bars sell recently the Forum I just brought mine out for fresh air.

     
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