Notafront4adragon

7 hours ago, cinereus said:

Why do QB attract such a high premium? They aren't rare so I can't figure it out...

The bullion ones aren't rare, but the designs are incredibly popular, especially the lion. To my mind it's kinda like a brand name and that drives the premiums. Personally I'm not sure they'll retain that premium far in the future but who knows.

7 hours ago, Auricsstash said:

Where do you come up with this c**p from?

Some of the gold bullion QBs have mintages in the 5k range current bullion for Britannias of the same size in a year can run over 100k...

All the gold bullion have an unlimited mintage, and as there are no figures released by the mint how can you say there's a mintage of 5k?

56 minutes ago, Michal said:

Just imagine that crying author of this topic missed like  6000 pounds in profit during 1,5 year which would come with no effort. Stunning if you think about it. How easy is to lose on something with minimum risk if you have no knowledge about your investment. 

Edit

over 50% ...

I'm not sure it's as dramatic as that and still depends on what you want from your investment. This is my reasoning.

He would only have made that money if he sold today, which given gold is supposed to be for his retirement is unlikely. What will the price of gold be in 2045, who knows? For that matter, what will his LISA and the £'s in there be worth in 2045, unknown too, but perhaps more certain than gold.

He bought in April 17 at about £1075 an oz sold in Nov 18 when spot was £955. Claims he lost £600. 

He missed out on about £2240 if held and sold today. 8 × (1355 - 1075)

He didn't miss out on all that because he bought a LISA. Assuming he maxed it out each year till now, he's still returned £2000 (of course can't have it yet) and that was far more certain than gold in 2018.  

So he lost his initial 600 by changing from gold to LISA and that investment, the LISA is worth about 200 less than equivalent gold investment, today. 

In my opinion his mistake was to buy so much gold without a clear strategy ie being worried about Brexit, buying and selling in such a short period and was too concerned with seeing a loss on paper.

12 minutes ago, AndrewSL76 said:

Predictions on what the price will be at the end of the day?

I am saying it will be somewhere between £1,200.00 and £1,400.00.

I'm gonna narrow my prediction 1201 and 1399.

14 minutes ago, ilovesilverireallydo said:

They always paid less for the 1/2 oz. 

Sure but I didn't think the differences were as pronounced 

2 minutes ago, Cornishfarmer said:

anyone notice that HGM  have dropped what they pay for 1oz gold coins this morning.     not sure if this is a mistake, trying to make advantage of sellers or they thing it will fall as quick as it went up

I've also noticed that they are paying significantly lower prices on 1/2 and 1/4oz compared to the 1oz coin. Normally there's a little bias towards the 1oz coins but it's definitely increased significantly.

15 minutes ago, SilverPirate007 said:

Well I have only bought 5 sovs so far, 2 through a friend. All from Harrington and Byrne for around spot

H&B do sometimes offer an excellent price on sovereigns and yes occasionally that'll be close to spot, that's true BUT as I understand it there can be a catch. You'll have to give up some personal info and risk being junk mail bombed which is a hassle I've not had from TSF. Also forum members prices are generally keener and more frequently offered. 

1 hour ago, SilverPirate007 said:

I have bought a large chunk of my silver from forum members. Totally reliable. I have bought all my gold from bullion dealers mainly because it’s at or around spot anyways.

What dealer in the UK sell at or "around" spot. Maybe if you're buying significant amounts regularly and have an excellent relationship, but I've yet to see any less than a 3-5% premium. Whereas I've literally bought at or below the spot price and so under the dealers price, on here plenty of times.

1 hour ago, bullionbob said:

Why would any stacker buy anything from a forum member, plenty of completely reliable and trustworthy bullion dealers out there offering gold for near spot, totally reliable, 100% assurance that it is real gold, often do great deals if you build up a personal relationship with them when you buy the price is set, no spivving about not replying to PMs etc in an uptrend, wouldn't buy from anyone but a trusted bullion dealer myself, the points raised recently on here just confirms my view. Trusted bullion dealers full stop, no ifs, no buts, no trouble.

So what's the point of the sales section of this forum. There are plenty of excellent reliable and trustworthy forum members to buy both gold and silver from. 

It amazes me that people are upset when folk want a higher price. Just don't buy from them and move on?

Edit: bullion dealers do exactly the same, raising prices as quick as spot does. A sovereign at HGM etc have all risen by over £20 from 2 weeks ago 

7 hours ago, STONE said:

Its on the move... silver is at $18.55 and gold is at $1580.00

Platinum and palladium are moving up as well. Nice work Vand..

What? Vand didn't arrange the assassination of an Iranian general, unless he is very committed to his predictions. 

30 minutes ago, Melon said:

My setup was pretty rough to be honest. The scales I have that are accurate to 3 places but only weigh up to 50 grams max (pocket sized), so the water container has to be very small. Other than that it's just dipping in water. I was careful to not touch the sides and be completely submerged when taking the reading, although movement in the water does cause a fair bit of variation but I tried to get the weight at rest. 

I've seen handing water baskets on YouTube that I think would be a good investment, but can't find them online anywhere. I think I'd like to get a half decent setup that doesn't take forever to use, as this seems like a very useful test going forward. 

One thing I looked at was extrapolating the result of the Maple onto the others - so to get the Maple down to the expected result of 19.32 I would need to divide by 1.047. If I apply that same metric to the other readings (essentially assuming a consistent level of inaccuracy) then the sovereigns would score as follows; 

1982: 17.66 (good)

1903: 17.05 (low) 

1915: 17.45 (good) 

That would suggest 20 carat gold for the 1903. But clearly that's not a very accurate approach! 😂

A very worthwhile watch, thanks. I think this one is going to go back next week when they reopen, will be interesting to see if they're cool about it. 

I really like your approach of extrapolating the maple data, it does seem the 1903 is too suspect.

Given all the other observations I would hope HGM replace it for you. 

@Melon have you carried out a SG test on them? With your accurate scales you should get an idea if they are gold. Measuring the dimensions can be tricky, the SG test is super easy.

8 minutes ago, Frost said:

Based on my research, both variants are great. Half Sovereign is bigger (3.99 gram vs 3.11 gram Britannia).
The best prices I've found for both:
Half Sovereign Grade C £142.61 at Chards https://www.chards.co.uk/half-bullion-sovereign-secondary-market-grade-c/3413

2020 1/10 oz Britannia£132 at BullionByPost https://www.bullionbypost.co.uk/gold-coins/small-britannias/2020-tenth-ounce-gold-britannia/

 

A half sovereign is 3.99g, but only 3.66g of that is gold. Post '13 Britannias are pure gold. 

3 minutes ago, Paul said:

the Trump impeachment headlines around the world might be a reason for our recent little uptick 

Reasonable assumption but surely the market knows that he won't be convicted or removed.

So the price in dollars hasn't moved much at all.

Isn't this recent small rise just down to the pound losing value since Johnson proposed preventing an extension to Brexit date in law?

44 minutes ago, Nick1368 said:

See you all tomorrow Morning at sharps pixley lads 🤣

 

There's gonna be a queue out of the door

Dropping quite a bit, guess based off the exit poll suggesting a comfortable conservative majority 

8 minutes ago, silvernewbie said:

A Tory win (expected) will surely increase £, stocks and Gold prices will fall further on friday? 

Seems reasonable. Gold won't fall but the £ will likely get a little stronger 

We'll know Friday 

13 hours ago, Paul said:

Just for a laugh - FUN WITH NUMBERS 

I reference the previous gold Una sales above 

https://www.antiquestradegazette.com/news/2017/auction-record-for-british-five-pound-coin-at-340-000/

from the article

"The previous week, on September 14, a proof set of the full array of the ‘Una and the Lion’ coins from 1839 (featuring the five pounds to the farthing) sold for £220,000 at Dix Noonan Webb.

The set of 15 coins was in virtually mint state and housed in the original contemporary fitted case. This set had been in a private collection since February 1938 when it had been bought at Spink for £37."

SO

It was bought for £37 in 1938, and sold in 2017 for £220,000

2017 less 1938 = is 79 years

this gives an appreciation of £220,000 less £37 = £219,963 

£219,963 / 79 years = +£2,784 per year 

 

Ratio Solver

A         :    B                  =    C            :    D
£37    :    £220,000    =    £3995    :    £2,375,007,525

So without knowing it I now have coin that in 79 years time will be worth more than the current GDP of Belize ! 

Can anyone lend me a fiver ??  

 

 

Interestingly adjusted for inflation, in 1938 they paid about £2400. Fingers crossed you live another 80yrs!

On 22/11/2019 at 20:06, platinreloaded said:

I like the East India Company Version of the Una and the Lion much more

 https://news.coinupdate.com/east-india-company-and-st-helena-launch-annual-gold-coin-series-with-new-una-and-the-lion-gold-three-coin-set/ 

I have to strongly disagree, the 5 pound is ok but the other two are horrible, further how are they both denominated 2 pound for the 1/4oz and 0.5g?

Una is completely wrong on this design as if the artist hasn't seen the original or understood the virtues she embodies.

Just now, vand said:

Entering bloodbath phase of the current correction.

Weak holders are getting flushed out.

Very oversold now, and moved back to 4.5% of the 233dma.

We will have made firm new highs by Easter 2020.

Would of been helpful if you told me that last week!

3 minutes ago, JackKlugman said:

Pricing is 100% Apmex. They paid the Perth Mint to produce the coins for them (confirmed to me by the mint) and can sell them for whatever mark up they like. Remember these are 'collectables' and not bullion so you have to pay multiples of the base value of the silver content. 

Paying close to the value of 1/4 ounce gold for 5 oz of silver is insanity btw

That's my point is Apmex wrong to sell to insane people?

6 minutes ago, JackKlugman said:

I loved the first coin (bought 5) and really intended to buy the 5 oz version until I realised APMEX was price gouging and charging more for that coin than Royal Mint was charging for a 10 oz queen's beast (plus 20% vat we would have to pay in the UK)

I could have bought one but decided not too. What is annoying in the capitalist world we are living in is when people buy dozens with the intention to immediately flip (we see that has not quite worked out so far in the Ebay example) 

My thoughts too. I'll stick with the 1oz. 

The flippers are always there at every new release. Very annoying if you want to simply collect but they are entitled to do it. Not sure who is to blame for prices getting out of hand though. Perth Mint  and Apmex, the flippers (Apmex is kinda a flipper too but at least they negotiated the exclusive), or the rubes paying so much ie us.  

6 minutes ago, JackKlugman said:

The Batavia series is a 4 coin set, he probably conflated them. The Current price $132 dollars is far more realistic for 5 oz of silver than the ridiculous price that APMEX was charging, maybe this coin will sink (no pun intended) on the secondary market as the ultra high premiums will not be realised

Or people will really get on board this series. Pun intended. 

But I'm with you, I'm shocked that some paid well over £50 an oz for the 5oz coin. It's too much, driven by avarice, the hope being someone else will pay even more when they attempt to flip these coins.