JackKlugman

I like your idea but please avoid felt at all costs. I collect medals and we tend not to use some materials because some tend to be acidic over time and can darken the finish. Remember that the glue might not be archival quality either. 

1 hour ago, GoldDiggerDave said:

I did look at this and an average house was just under 5k in 1971.  I like to look at investments in relative terms.  Take 5k in gold in 1971 average house money that would be 445k  (average house today 267k ish) so gold in relative terms has out performed house prices by circa 62% 

some think I’m anti silver I’m not, I just can’t stand the bad advice out there and the facts speak for themselves.   
 

what’s scary is the halving of fiat it loses around 50% of its purchasing power, every 10 years it’s lost over 50% in the last 3 so the next 3 years will be very telling if we continue on this inflationary trajectory. 

 

 

 

 

 

 

I don’t think you’re anti silver, I think you are realistic. Your posts are very informative 

On 16/08/2023 at 08:47, GoldDiggerDave said:

£1000 in the bank in 1971 with an average of 7.1% interest over time. Turns into  £39,690.85.

£1000 of silver in 1971 would have bought you around 1200oz (being generous)   allowing for vat and dealer premium  £21,348.00 todays price 

£1000 of gold in 1971 would have bought around 60oz gold allowing for dealer premium  today this is worth £89,700. today price 

Not positive nor negative just fact. 

Cash in the bank has gone up 39X in 52 years  from £1000 to £39,690.85  (with interest) 

Silver has gone up 25.5X in price in 52 years, from £0.70p to £17.85  at spot 

Gold has gone up 94.3x in price in 52 years, from £15.84 to £1,495 at spot 

In real terms how much has the pound lost in 52 years?   I would argue around 95% of its real purchasing  power.

 

 

 

 

 

 

 

 

 

This is an outstanding post - the better bet would have to have bought a house with you £1000 in 1971 - that's gone up in value dramatically more than gold !

I have an PCGS MS64 Morgan Silver dollar with a mild strike through error - it dot not damage the value too much in my case !

I am though tired of the Royal Mint charging a massive premium for their coins when they have quality control and milk spotting issues 

3 hours ago, Bigmarc said:

I follow this travel guy on YouTube, he is an off the beaten track kind of guy and just so happens to be in Kiev the last few weeks. Interesting watch if you have time. One thing I noticed was at the boarder a man was trying to cross with his kids saying the mother was staying behind. Not sure of the outcome. 

 

 

Yep Mr Bald and Bankrupt - he has a rather colourful history himself if you wanted to spend a little time looking him up

I have always found this SHTF discussion in relation to gold and silver pointless. If things were so bad that worldwide civilization collapsed (following something like WW3, Pandemic or zombie apocalypse) then what good would silver or gold do you when you cant eat it and it cant shelter you from the elements. 

If you are truly worried about SHTF moments (in the West at least) invest in a bunker with an abundant food supply

Stacking silver in the UK is a mugs game. In America you can find cheap deals on constitutional/junk silver - its even in your pocket change. Its more affordable there because you don't pay VAT on silver purchases. You don't pay VAT on gold but its hardly affordable.  

Junk silver is challenging to get in the UK because we did not switch to a modern denomination until 1971

3 hours ago, Centauri167 said:

Like I mentioned in the topic about bullion gold in the UK, I am really intrigued why people ( you guys here on the forum ) still buy new silver in the UK were you have to pay such high premiums and VAT on if you can buy Gold without VAT and with normal premiums ?

And the second question is when you still buy silver at those prices, you still see it as a good/ safe investment ?

 

I hope many of the UK members on this forum will answer and give their view on this subject. 🙂

I don't really buy modern silver anymore and I have less than 100 oz which is considerably less than most on the forum. I am much more interested in 19 century 5 Franc/Mark coins now. I never bought silver as an investment but as a bit of fun.

I cant really afford to buy more gold as its so expensive. 

Are you sure that its not normal damage/wear ?

2 minutes ago, Notafront4adragon said:

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

Insane defined in a non clinical way.  

3 minutes ago, Notafront4adragon said:

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.  

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

6 minutes ago, Notafront4adragon said:

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. 

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) 

6 hours ago, happy2gether said:

I received my 5oz coin too. Amazing coin in this size.

Look at this ebay auction . The seller mentions 4 coin series, but how does he know that? I'm keen to see which price this auction will achieve after seller took out the coin. 😱

 

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

277 euro for a 5oz coin is crazy money. That's me out 

It’s a lovely coin I would like to own (already have 5 of the one ounce versions) but probably unlikely to get the chance 

4 hours ago, EddieC said:

Anyone know of anywhere with stock?

Silver trader 

Just now, Notafront4adragon said:

Same, however with only 500 they are gonna be a little hard to get over here.

Make that impossible then with folks in USA purchasing dozens to insta flip on ebay  before they have even been released here

I will be getting the 5oz version (although i hope the distribution system to the UK is better for these)  

2 hours ago, flipstar said:

I sure hope so as it is the first one I bought in bulk with the intension to flip 🙂

It depends on factors that are not in your control like:

1) will the next coin in the series be a nice design ? 

2) how many coins will be in the series

I have only bought 5 with the intention to create 5 nice sets 

The "Only 3000 available in the European Market" statement is probably just marketing to drive their own sales. While APMEX may have only allocated that number to Europe there are dealers and collectors who 1) sell internationally or via ebay and 2) bulk purchase from APMEX in Merrica to sell in Europe. That way I was able to buy my five before the european dealers had any. 

1 hour ago, Silverclown said:

European mint has just increase its price even though the silver price is lower this week.

Maybe because the coin is in high demand ? 

1 hour ago, Silverclown said:

I bought some but have to wait for the group order next month for them...😭

 

You wont regret it, I have bought 5 and they are all MS 69/70. (Unlike my Queens Beasts)

6 hours ago, happy2gether said:

over 1 day already and no restock at Apmex. 

There is some speculation that APMEX are only adding a few hundred coins at a time to their site to seem like the coin is going out of stock quickly to try and create a artificial scarcity. I have no idea. I just want to know when they are shipping the next one and how many there will be in this series. I guess that will be down to how well they sell.   

18 minutes ago, Branman1986 said:

Will all the subsequent releases be Apmex Exclusives?  They're a bit of a pain in the neck.  I think they still have quite a few in stock, but hoping I'm wrong.  eBay seems to have settled out at $35 per for the time being.

I hope the subsequent releases are as awesome looking as the first.  I think they did an amazing design job.  I'm assuming they'll be a one-a-year release.  I also hope they are at least a four or five coin series and would love to see it longer if the designs stay cool.

Yes they will be, I contacted the Perth Mint a few weeks ago and they stated "The Queen Anne's revenge series is a coin that was commissioned by Apmex, and as such it is only available exclusively through them"

I hope that they will be issued every few months, once a year will be a pain !

I only have five of the coins and they are all in lovely condition, with no scratches or dings (take note Royal Mint). Problem is we have no idea how many is in the set or when they will be issued. The Perth Mint were commissioned by Apmex to produce these coins and they have not made that information available.