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 Roy in What is next for gold?   
    The great Greek philosopher "Testi-cleese" said if inflation is 10% that means everything costs 10% more, but in reality it is just the value of your denarius aureus that has dropped.
    Therefore gold, silver will not rise in value but will increase in numerical quanta because your dinari has been devalued.
    Some might argue that this sounds like a "load of bollocks".
  2. Like
    Pete got a reaction from dicker in Help Selling   
    Checking sales of coins on eBay you often find those that start at a low initial price say £1 tend to attract many more bids and very often sell at higher prices than identical coins starting say at £20.
    The risk of course is that on the day you might on rare occasions be unlucky but if you want £35 for a coin you are more likely to get this listing at £1 than £20 assuming the average price ( check sold history ) for that specific coin is £35.  Fees will take away around 13% but if you get a seller offer that could be reduced to £1 or 2.5% approx.

    Selling through @BackyardBullion seems a good option for you as he has an excellent reputation and considering the time involved in processing an order his fee is low.
    Most forum members tend to be pretty clued up on prices and are always seeking good deals.
    It is frustrating when you cannot get the price you believe something is worth or compared to what you once paid for it.
    Often some sellers on eBay ( coin shop style ) often get much higher prices than average Jo probably due to trust and a degree of comfort buying from them.
    I believe many people would pay a bit more buying from @BackyardBullion knowing he is trustworthy rather than risking buying from a total unknown seller.
    Hope this helps.
     
  3. Haha
    Pete got a reaction from Fenlander1 in What is next for gold?   
    The great Greek philosopher "Testi-cleese" said if inflation is 10% that means everything costs 10% more, but in reality it is just the value of your denarius aureus that has dropped.
    Therefore gold, silver will not rise in value but will increase in numerical quanta because your dinari has been devalued.
    Some might argue that this sounds like a "load of bollocks".
  4. Haha
    Pete got a reaction from slack in What is next for gold?   
    The great Greek philosopher "Testi-cleese" said if inflation is 10% that means everything costs 10% more, but in reality it is just the value of your denarius aureus that has dropped.
    Therefore gold, silver will not rise in value but will increase in numerical quanta because your dinari has been devalued.
    Some might argue that this sounds like a "load of bollocks".
  5. Like
    Pete got a reaction from Roy in Help Selling   
    Checking sales of coins on eBay you often find those that start at a low initial price say £1 tend to attract many more bids and very often sell at higher prices than identical coins starting say at £20.
    The risk of course is that on the day you might on rare occasions be unlucky but if you want £35 for a coin you are more likely to get this listing at £1 than £20 assuming the average price ( check sold history ) for that specific coin is £35.  Fees will take away around 13% but if you get a seller offer that could be reduced to £1 or 2.5% approx.

    Selling through @BackyardBullion seems a good option for you as he has an excellent reputation and considering the time involved in processing an order his fee is low.
    Most forum members tend to be pretty clued up on prices and are always seeking good deals.
    It is frustrating when you cannot get the price you believe something is worth or compared to what you once paid for it.
    Often some sellers on eBay ( coin shop style ) often get much higher prices than average Jo probably due to trust and a degree of comfort buying from them.
    I believe many people would pay a bit more buying from @BackyardBullion knowing he is trustworthy rather than risking buying from a total unknown seller.
    Hope this helps.
     
  6. Like
    Pete reacted to modofantasma in Help Selling   
    With your trading history I don't think that trust is the issue. 
    The demand goes up and down on here as people become more bullish or bearish on the ever fluctuating price. 
    Everything will sell at a price but the market doesn't care what you initially paid. If you paid £12/Oz for a tube of Britannia's or you paid £32/Oz the market doesn't care and will still pay around £22/ Oz at the moment 
    A few options or ideas... To get a true value of something you could try an auction, if you don't have a rush to sell then hold for the long term and try again in a few months or years. You could try different selling platforms though bear in mind associated fees and time involved. You could simply try lowering prices on what you've got listed each couple of days until someone bites. 
    Glws 👍🏼
  7. Haha
    Pete reacted to Happypanda88 in Help Selling   
    It makes sense now.
    Premium products at premium prices don't fair well on TSF. 
  8. Like
    Pete got a reaction from silvergaga in Royal Mint Lunar Series - 2023 Year of the Rabbit 1oz Silver coin   
    Yes the bullion series stopped and I am quite annoyed having purchased a bespoke wooden box for the set.
  9. Like
    Pete got a reaction from silvergaga in 1/2 Ounce Silver Evaluation   
    I don't have time to check specific coins in the pictures but this is a guideline to market prices.
    Whether some would sell at these higher prices is down to timing luck and buyer demand but could be a starting point.

    Lunar I (1/2 oz )
    In the range £45 - £60 each
    Lunar II ( 1/2 oz )
    2008 Mouse  £50
    2009 Ox        £40
    2010 Tiger    £32
    2011 Rabbit / 2012 Dragon / 2013 Snake / 2014 Horse   £18
    2015 Goat  £25
    2016 Monkey  £17
    2017 Rooster  £20
    2018 Dog  £21
    2019 Pig £24
     
  10. Like
    Pete got a reaction from James32 in 1/2 Ounce Silver Evaluation   
    I don't have time to check specific coins in the pictures but this is a guideline to market prices.
    Whether some would sell at these higher prices is down to timing luck and buyer demand but could be a starting point.

    Lunar I (1/2 oz )
    In the range £45 - £60 each
    Lunar II ( 1/2 oz )
    2008 Mouse  £50
    2009 Ox        £40
    2010 Tiger    £32
    2011 Rabbit / 2012 Dragon / 2013 Snake / 2014 Horse   £18
    2015 Goat  £25
    2016 Monkey  £17
    2017 Rooster  £20
    2018 Dog  £21
    2019 Pig £24
     
  11. Like
    Pete got a reaction from Tamcddd in The Best Gold Coins to Collect for Beginners   
    I started with half sovereigns when they cost half the price of a full sovereign.
    Initially great prices from BullionbyPost and Hatton Garden Metals but that's 10+ years ago - all changed now because they have become coin shops ( much higher prices ) in addition to bullion dealers.
    Unfortunately all our dealers ( and most private sellers nowadays ) charge a bit extra - because they can !! - so its all about your cash I hand.
    If you can buy HS without paying extra go for them, otherwise full sovereigns from this site, or whoever is offering the best deal at the time - which fluctuates daily so always check.
    Remember to factor in the SD cost which is significant buying fractional in single quantities.
  12. Like
    Pete got a reaction from paulmerton in Confirmed By The Royal Mint - MINT ERROR With A 90 Degree Rotation Of The Queen!!   
    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.

     
  13. Like
    Pete got a reaction from kimchi in Confirmed By The Royal Mint - MINT ERROR With A 90 Degree Rotation Of The Queen!!   
    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.

     
  14. Like
    Pete got a reaction from dicker in Whats it worth.   
    No - it's a half sovereign !!
  15. Like
    Pete got a reaction from dicker in Whats it worth.   
    Exactly what @BackyardBullionsays - and don't get hung up on a fancy box, limited mintage or certificate as all essentially worthless.
  16. Haha
    Pete reacted to BackyardBullion in Whats it worth.   
    £599 but FREE POSTAGE!!!!!!!!!!!!
  17. Sad
    Pete got a reaction from AaaGee in Share your worst PM incident please   
    My worst purchase ( and not an accident ) was winning a 1 kilo silver Kookaburra at a great price on eBay.
    What arrived was a tiny thin silver replica about 12mm diameter weighing a gram or two.
    The seller used a library picture and claims not to have known the difference.
    Luckily the seller accepted it back but there were some tense moments for sure.
  18. Thanks
    Pete got a reaction from Minted in Silver Toning/Tarnish Removal   
    As @sovereignsteve says anything that involves rubbing is likely to introduce micro-scratches unless you have skills in polishing using e.g. jeweller's rouge.
    You cannot polish a frosted finish as it changes the surface and this will definitely ruin the matt finish.
    E-Zest gets rid of tarnish ( not milk spots / stains ) by dipping the coin for a couple of seconds only before rinsing immediately in water.
    Unfortunately it is relatively expensive in the UK compared to the USA but I've used it very successfully on heavily tarnished bullion.
    Silver turns black when it is exposed to pollution containing sulphur - cigarette smoke, woodburning stove, open coal fire, industry nearby, traffic etc.
  19. Like
    Pete got a reaction from dicker in Confirmed By The Royal Mint - MINT ERROR With A 90 Degree Rotation Of The Queen!!   
    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.

     
  20. Thanks
    Pete got a reaction from AaaGee in Whats it worth.   
    Exactly what @BackyardBullionsays - and don't get hung up on a fancy box, limited mintage or certificate as all essentially worthless.
  21. Super Like
    Pete got a reaction from BackyardBullion in Whats it worth.   
    Exactly what @BackyardBullionsays - and don't get hung up on a fancy box, limited mintage or certificate as all essentially worthless.
  22. Like
    Pete got a reaction from Happypanda88 in Confirmed By The Royal Mint - MINT ERROR With A 90 Degree Rotation Of The Queen!!   
    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.

     
  23. Like
    Pete got a reaction from silvergaga in Confirmed By The Royal Mint - MINT ERROR With A 90 Degree Rotation Of The Queen!!   
    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.

     
  24. Sad
    Pete got a reaction from purehaggis in Goldsilverbe? Still the place to be?   
    We Brits are now totally screwed ( along with everything else these days it seems ) but I believe the EU has tightened up on VAT as well.
    Higher margins and VAT seem to be integrated into silver when selling peer to peer and only lost if selling back to dealers.
    Often best prices for silver are on this forum and some sellers are offering full tubes rather than single coins.
    As a regular member only you will never get the bargains as stuff gets sold instantly, days before regular members see the listing.
  25. Like
    Pete got a reaction from Piggybank in I just give up trying to understand   
    Sadly none of us can predict the future prices of PMs.
    Silver seems to lag and remain too low and I don't understand the reasons other than to speculate that the market is rigged by the big players.
    We stackers don't really count in making a difference as we are not buying in the thousands of tonnes per order.
    Platinum used to cost more than gold and I find it hard to understand why a once more expensive, possibly more useful and certainly rarer PM than gold is relatively inexpensive to gold. My mathematical genie points to gold being over-priced so do you buy gold, wait for the fall / realignment or miss the boat ?

    Predicting gold price is about as scientific as predicting winning lottery numbers and it is always easy to pick a global event and link it back to a price change.
    Gold went up because the USA downed a foreign spy balloon, no it is something Putin said, no it went down after the earthquake, it will rise because of the friction between China and Taiwan, it will rise as the coffee harvests failed, price of orange juice, missiles landing in Israel, sun spot activity .... take your pick and match it after the event - easy and mostly BS !! The computer algorithms of the big players buying and selling contracts according to the third derivative of spot triggers speculation. I think this also happens with crypto and as soon as something is seen to be rising, money and contracts pile in and for no other reason than greed then at some stage the bubble bursts. The conservation of money means for every winner there is a loser so do you bet red or black on the roulette table ?
×
×
  • 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