TheCoinCabinet

That looks very nice. We had a raw BU one with the same box sold in auction 16 end of April for £3,100!

Arrived today from The Coin Cabinet Auction on Sunday. Then spot tumbles...this always happens to me.

Many thanks to @TheCoinCabinet for the auction wins. Arrived super quick! 
Umm, who got  the Shakespeare's Comedies, please?

In my view, nationwide average house prices only show half of the truth. Look at London house prices (link to Land registry) 
All property types (London only)
Jan 1970 £4,949
Sep 2018 £476,545
9500 % Increase (but still not as high as gold  )
Perhaps around 10,000 % in last 50 years is a realistic marker for scarce tangible assets?
I had a quick look in Seaby's (now Spink's) Standard catalogue of British coins, 1969 (I don't have the 1970 issue at home)
1838 sovereign in EF: £35 in 1969, this is quoted £3,500 in Spink's 2020 issue
1841 sovereign in EF: £250 in 1969, £22,500 in 2020
1839 £5 Una and the Lion in FDC: £100 in 1969, try to find one now for £100,000 - impossible!

In my view, nationwide average house prices only show half of the truth. Look at London house prices (link to Land registry) 
All property types (London only)
Jan 1970 £4,949
Sep 2018 £476,545
9500 % Increase (but still not as high as gold  )
Perhaps around 10,000 % in last 50 years is a realistic marker for scarce tangible assets?
I had a quick look in Seaby's (now Spink's) Standard catalogue of British coins, 1969 (I don't have the 1970 issue at home)
1838 sovereign in EF: £35 in 1969, this is quoted £3,500 in Spink's 2020 issue
1841 sovereign in EF: £250 in 1969, £22,500 in 2020
1839 £5 Una and the Lion in FDC: £100 in 1969, try to find one now for £100,000 - impossible!

Just for the sake of easy back of the beer mat not set in stone maths, using random google generic search threads for ball park stats
 
" 1970s average house price - £4975  At the start of the decade the average house price was £4,975. By the end, that figure had quadrupled to £19,925. "
"In 1970, the average weekly wage was around £32. A loaf of bread cost 9p. A property could be bought in places for £4,975." 
x£32 wage x x52 weeks = £1,664 yr   or £138 a month
So, House was £4975 / £14oz  = would cost you x355oz gold to buy
An annual wage £1,664 / £14oz = would get you x83oz of gold per year pay 
 
Today, "The median annual earnings for full-time employees in the United Kingdom was approximately £30,035 thousand British pounds in 2019. "
As the market stands as of July 2019, the average house price in the UK was 233 thousand British pounds (£233,000). The highest.7 Apr 2020
 
So annual wage of £30,035 / current £1400oz = x21 oz gold salary
£233,000 house / £1400oz gold = costs you x166oz of gold now to buy 
 
Was gold cheap then and houses expensive? are houses cheap now and gold too expensive? were we better paid in 1970 ? makes you think  

I think its now quicker and cheaper to build houses even with the population growth , but gold is probably more expensive and difficult to mine / find . The population growth will also increase demand for gold increasing its value and making it rare.
The percentage increase figures from 1970 to 2020 reflect this.
From 1970 to 2020 the percentage increase of the gold price is 9900%
From 1970 to 2020 the percentage increase of the house price is 4583% 
From 1970 to 2020 the percentage increase of the wage is 1704%
 

Hi Safestacker,
You should be able to see the starting price and the current bid for each coin. Some of the pieces have already received quite a few prebids, so the price has climbed up. If a piece has not received any bids yet, it should display the words "Minimum Bid" in light grey next to the "Place Bid" button. We posted some details on the bidding process in an earlier post this year, see link below. Let us know if this helps and if there is anything else we can do.
Thank you,
The Coin Cabinet
 
 

Good morning, 
Just to let everyone know that The Coin Cabinet auction 16 is up and while the focus is on collectable and semi-collectable gold coins, there is a great deal of bullion coins this time around to cater for the surging demand in these unprecedented times. Our auctions have a 0% buyer premium and bidding start at 90 % of gold bullion value so a cost-effective way to buy bullion. Here is a link to the auction taking place next Sunday 26th April, 3 PM.
We will also hold a webinar next Friday with gold market commentary joined by Tom Pelc our investment director, a macro-technical strategist with 30 years experience in banking and trading. Please contact us for more information and to receive the invitation link.
Stay safe everyone!
Andreas Afeldt
The Coin Cabinet Ltd

Good morning, 
Just to let everyone know that The Coin Cabinet auction 16 is up and while the focus is on collectable and semi-collectable gold coins, there is a great deal of bullion coins this time around to cater for the surging demand in these unprecedented times. Our auctions have a 0% buyer premium and bidding start at 90 % of gold bullion value so a cost-effective way to buy bullion. Here is a link to the auction taking place next Sunday 26th April, 3 PM.
We will also hold a webinar next Friday with gold market commentary joined by Tom Pelc our investment director, a macro-technical strategist with 30 years experience in banking and trading. Please contact us for more information and to receive the invitation link.
Stay safe everyone!
Andreas Afeldt
The Coin Cabinet Ltd

Good morning, 
Just to let everyone know that The Coin Cabinet auction 16 is up and while the focus is on collectable and semi-collectable gold coins, there is a great deal of bullion coins this time around to cater for the surging demand in these unprecedented times. Our auctions have a 0% buyer premium and bidding start at 90 % of gold bullion value so a cost-effective way to buy bullion. Here is a link to the auction taking place next Sunday 26th April, 3 PM.
We will also hold a webinar next Friday with gold market commentary joined by Tom Pelc our investment director, a macro-technical strategist with 30 years experience in banking and trading. Please contact us for more information and to receive the invitation link.
Stay safe everyone!
Andreas Afeldt
The Coin Cabinet Ltd

Hello all,
We will host a LIVE webinar tomorrow evening at 8pm UK time, covering topics such as
- Reasons behind gold price fluctuations during COVID-19 crisis.
- How investment into gold coins can help your financial situation
- Semi-collectable gold coins as a cost-saving option to bullion
I thought this could be of interest to some of you. 
Tom Pelc, our investment director with over 30 years experience in banking, a leading figure on macro-technical strategy, will co-host and share his professional analysis on what has been going on in the gold market lately. This will not be the standard information you read in the newspaper.
Here is a link to the webinar which happens on Zoom 
https://zoom.us/webinar/register/WN_IjHGMNpiRrO9JBdYbfR4Dw
All the best and stay safe,
Andreas Afeldt
Managing director, The Coin Cabinet

Hello all,
We will host a LIVE webinar tomorrow evening at 8pm UK time, covering topics such as
- Reasons behind gold price fluctuations during COVID-19 crisis.
- How investment into gold coins can help your financial situation
- Semi-collectable gold coins as a cost-saving option to bullion
I thought this could be of interest to some of you. 
Tom Pelc, our investment director with over 30 years experience in banking, a leading figure on macro-technical strategy, will co-host and share his professional analysis on what has been going on in the gold market lately. This will not be the standard information you read in the newspaper.
Here is a link to the webinar which happens on Zoom 
https://zoom.us/webinar/register/WN_IjHGMNpiRrO9JBdYbfR4Dw
All the best and stay safe,
Andreas Afeldt
Managing director, The Coin Cabinet

Hello all,
We will host a LIVE webinar tomorrow evening at 8pm UK time, covering topics such as
- Reasons behind gold price fluctuations during COVID-19 crisis.
- How investment into gold coins can help your financial situation
- Semi-collectable gold coins as a cost-saving option to bullion
I thought this could be of interest to some of you. 
Tom Pelc, our investment director with over 30 years experience in banking, a leading figure on macro-technical strategy, will co-host and share his professional analysis on what has been going on in the gold market lately. This will not be the standard information you read in the newspaper.
Here is a link to the webinar which happens on Zoom 
https://zoom.us/webinar/register/WN_IjHGMNpiRrO9JBdYbfR4Dw
All the best and stay safe,
Andreas Afeldt
Managing director, The Coin Cabinet

Hello all,
We will host a LIVE webinar tomorrow evening at 8pm UK time, covering topics such as
- Reasons behind gold price fluctuations during COVID-19 crisis.
- How investment into gold coins can help your financial situation
- Semi-collectable gold coins as a cost-saving option to bullion
I thought this could be of interest to some of you. 
Tom Pelc, our investment director with over 30 years experience in banking, a leading figure on macro-technical strategy, will co-host and share his professional analysis on what has been going on in the gold market lately. This will not be the standard information you read in the newspaper.
Here is a link to the webinar which happens on Zoom 
https://zoom.us/webinar/register/WN_IjHGMNpiRrO9JBdYbfR4Dw
All the best and stay safe,
Andreas Afeldt
Managing director, The Coin Cabinet

Hello all,
We will host a LIVE webinar tomorrow evening at 8pm UK time, covering topics such as
- Reasons behind gold price fluctuations during COVID-19 crisis.
- How investment into gold coins can help your financial situation
- Semi-collectable gold coins as a cost-saving option to bullion
I thought this could be of interest to some of you. 
Tom Pelc, our investment director with over 30 years experience in banking, a leading figure on macro-technical strategy, will co-host and share his professional analysis on what has been going on in the gold market lately. This will not be the standard information you read in the newspaper.
Here is a link to the webinar which happens on Zoom 
https://zoom.us/webinar/register/WN_IjHGMNpiRrO9JBdYbfR4Dw
All the best and stay safe,
Andreas Afeldt
Managing director, The Coin Cabinet

Yes, gold price literally touched the 260-day moving average at $1448 and bounced. Any reversion back to the MA now should be an opportunity to buy, even if breaking below MA won't sit there long

This is the currency effect. GBP keeps getting pounded (excuse the pun) so although USD price looks cheap, GBP is near all-time high. Don't be fooled by the expensive looking price in GBP and sit on the fence, it's still cheap and gold will go to new all-time highs in USD too soon. GBP is unlikely to recover anytime soon so even for UK investors gold is a buy imho. My baseline is this: money in the bank is costing you money with 0 % interest and (soon rising) inflation. Some shares may be an option, but I don't have much confidence in stocks right now
Gold has sold off recently not because of gold-related factors, but merely for it being a liquid and volatile asset. Highly leveraged players had to dump any such assets on their books (gold probably booked them a profit too!) to meet margin calls when equity markets drop 20+% in such short time. Same thing happened In 2007: gold dropped 33 % in 3 months then went up 55 % in the following 3 months and went to all-time high $1920. What we are seeing is temporary and there will be a huge upswing soon, especially after all CBs and Sunak writing blank cheques. Don't get me wrong its the right thing to do at this point but will inevitably lead to rising inflation. 
Sorry for quoting USD prices in GBP thread but imo gold must be looked at as a currency of its own and measured against multiple currencies to get a clear picture

Hope above is also answering your question. Yes gold is a buy and recently it tested the 260-day moving average @$1448 and bounced, any move towards there is imo a buying opportunity and even if drops below MA won't sit there long

This is the currency effect. GBP keeps getting pounded (excuse the pun) so although USD price looks cheap, GBP is near all-time high. Don't be fooled by the expensive looking price in GBP and sit on the fence, it's still cheap and gold will go to new all-time highs in USD too soon. GBP is unlikely to recover anytime soon so even for UK investors gold is a buy imho. My baseline is this: money in the bank is costing you money with 0 % interest and (soon rising) inflation. Some shares may be an option, but I don't have much confidence in stocks right now
Gold has sold off recently not because of gold-related factors, but merely for it being a liquid and volatile asset. Highly leveraged players had to dump any such assets on their books (gold probably booked them a profit too!) to meet margin calls when equity markets drop 20+% in such short time. Same thing happened In 2007: gold dropped 33 % in 3 months then went up 55 % in the following 3 months and went to all-time high $1920. What we are seeing is temporary and there will be a huge upswing soon, especially after all CBs and Sunak writing blank cheques. Don't get me wrong its the right thing to do at this point but will inevitably lead to rising inflation. 
Sorry for quoting USD prices in GBP thread but imo gold must be looked at as a currency of its own and measured against multiple currencies to get a clear picture

This is the currency effect. GBP keeps getting pounded (excuse the pun) so although USD price looks cheap, GBP is near all-time high. Don't be fooled by the expensive looking price in GBP and sit on the fence, it's still cheap and gold will go to new all-time highs in USD too soon. GBP is unlikely to recover anytime soon so even for UK investors gold is a buy imho. My baseline is this: money in the bank is costing you money with 0 % interest and (soon rising) inflation. Some shares may be an option, but I don't have much confidence in stocks right now
Gold has sold off recently not because of gold-related factors, but merely for it being a liquid and volatile asset. Highly leveraged players had to dump any such assets on their books (gold probably booked them a profit too!) to meet margin calls when equity markets drop 20+% in such short time. Same thing happened In 2007: gold dropped 33 % in 3 months then went up 55 % in the following 3 months and went to all-time high $1920. What we are seeing is temporary and there will be a huge upswing soon, especially after all CBs and Sunak writing blank cheques. Don't get me wrong its the right thing to do at this point but will inevitably lead to rising inflation. 
Sorry for quoting USD prices in GBP thread but imo gold must be looked at as a currency of its own and measured against multiple currencies to get a clear picture

My Barclays bank app has notified me that its apparently in my best interest that I set up a savings account 🤣

Holy mollolly - was at £18,000 last time i looked.  I should really get a better hobby than following these Gold una & Lion sales 😣

Hi all
Just to let everyone know we have a 2019 Gold 200 pounds Una and the Lion NGC PF70 Ultra Cameo in our upcoming auction tomorrow. Here is the link
https://auctions.thecoincabinet.com/auctions/4-9B8PF/the-coin-cabinet-auction-13-0-buyer-premium
Please note there is a 0 % buyer premium in our monthly auctions.
Thanks,
The Coin Cabinet