InvestInCoins888

Something kind of primeval about this, can only imagine how hugely satisfying it must feel. Alchemy!

6 hours ago, Captinjack said:

Is there not the option of the forum owner holding the money for the trader until your goods arrive? I thought I read that could happen 

They do big group buys i believe so are used to holding members money.

I could be wrong but a trusted 3rd party may help.

@BackyardBullion offers an intermediary service... 

5 minutes ago, Wampum said:

I was just about to mention these almost all the Scottsdales "the one" are fake on Ebay at the moment,and a whole heap of PCCB slabbed coins all selling as real,  some even state they are plated, however are still being snapped up at full price!!  

The fake Scottsdale bars are being sold sealed in mint sealed sheets of 20... The amount on ebay are eye watering.

Chinese market places are full of these listings. They are designed to be purchased and used to con people out of their hard earned money. Ebay is awash with these, 99% been passed of as ‘genuine’. It’s well worth keeping upto date with sites like ‘Wish’ and ‘Ali B’s’, information is power...

5 hours ago, 272 said:

Price has gone 

1 minute ago, Leonmarsh said:

You got any for sale lol 

Ha ha ha!

Its a real problem! I obviously have my own portfolio/collection, I’ve been passionate about collecting coins for over 40 years! I’ve been hooked by nuggets for quite a few years now and have been panning on a number of occasions... I LOVE my nugget collection. I do keep buying bits with the express expectation of selling it on and then end up letting my personal collection eat it up!

So no... However I am ALWAYS buying, for the right price!

On 07/02/2021 at 18:27, Leonmarsh said:

Would love a Nugget a big one but always worry about purity etc etc 

I don't really have any weigh of checking it 

It’s really very difficult to fake a gold nugget. The only natural choice would be Pyrite, ‘fools gold’, however it’s pretty obvious... It ‘grows’ in angular, cuboids, crushes under pressure (you can’t crush gold) and the weight is all wrong. Being one of the densest materials on earth, a nugget of gold has an almost unnatural weight to it.  
 

Testing of gold nuggets if you were really concerned can be done inexpensively through the acid test. Nitric acid can be purchased on ebay for a few pounds and unlike a coin, you don’t need to worry about an acid test ruining the value. 

Being a natural product Gold comes in a variety of purity, yet it would be a mistake (in my opinion) to attempt to process it. It’s widely accepted that gold nuggets are worth more than ‘spot price’, due to its rarity. It does not matter to a gold nugget collector, they are looking for a host of features, 24ct gold is not one of them.

The wide range of gold nuggets available amaze me... It’s unique, natural and really very rare.

The most common type is ‘Placer’ gold, it’s been naturally eroded away from its host rock and it comes in a huge variety of colours, sizes and shapes. It can be found in traditional nugget shapes or can be polished over time into ‘pebble’ shapes by running water.can be smooth having spent a great deal of time being ‘polished’ by water. Generally speaking the larger the nugget, the rarer it is and the more valuable (not just down to the weight) it is. However sometimes collectors can go crazy with their wallets for interesting shapes.

Gold can sometimes be found in quartz. This is STUNNINGLY beautiful to look at, particularly under a scope. It’s really very rare to find and therefore more valuable. It can fetch 2-3 times the spot value, weight wise.

Crystalline gold is very rare and tends to grow on its own, is not part of another rock or quartz. This type of gold is very rare and difficult to find making it more expensive than placer gold nuggets or gold found in quartz.

Then there are gold nugget crystals! This is when the nugget has one or more very distinct crystalline structure to it. These are the rarest type of gold that can be found, they are phenomenally beautiful things and can fetch many more x spot value.

1 hour ago, 272 said:

Current price spike in platinum being attributed to power supply issues to South African mines - dont know if thats a short term  issue or more endemic?

Platinum has been undervalued for a long time IMO, this is the long awaited price collection.

SA miners have the monopoly on Platinum and the figures released at the end of last year were very interesting. They were basically saying it wasn’t worth mining at the present price, due to the extra costs incurred due to Covid restrictions and there was only a few months supply left.

On 05/02/2021 at 01:24, pablitto83 said:

Spot price is similar to what it was for last months, or even lover than at August. But premiums has skyrocket.. And I wanted to top up like a tube of 1oz silver at payday now.. Well, have to wait will it calm down. Or will look more for the gold when it drop even more.

What I hear, is that US will be paying BIG benefits, more that one off checks for 1k$ earlier 2020. Stock markets and crypto pumped up. Now on crypto is a Bull time, everything is going up. Probably, as long as there will be source of free money.

Just wonder how physical metal will react.. As more $$ may be loaded into high profit/risk assets. Last year PM gone up, as the governments terrorized population. Now they are slowly calming down with "magical vaccine" .. So low risk /low profit assets may be left behind, or at least not attract such big interest. We all know that PM market is well manipulated by big banks. But gold is falling down a lot now, silver stays high - I guess as per reddit fame. Should it go down soon with the gold? If not, it may be a good time to move from Ag to Au (when GSR will be lower?) Anyone have a crystal bowl?

Don’t underestimate the huge impact ongoing uncertainty triggered by Covid, is yet to have on the markets.

The markets are acting on a ‘inoculations have cured the Covid’ stance... I’d say the mess from Covid has only really just begun. When the boat gets rocked again, personally i think that’s coming soon, we will see people flock back to the save haven of precious metals, pushing the prices back up, whilst the stock markets take yet another dive.

I’m amazed the power this stuff holds over me. I’m utterly besotted by it.

Ive done a little panning, nothing serious and I’ve never found more than a few grains... 

However a few years ago I stumped up and brought a good sized chunk Australian nugget, spending just under a grand. 
 

I instantly fell in love with the unnatural weight, the cold smooth surface... Unlike a coin, I found myself repeatedly getting it out to hold, it’s tactical shape was utterly alluring.

Lucky as I am, I managed to secure 20g of small nuggets for under £30 a gram, from someone who needed money fast and made an offer that was impossible to turn down.

And that was me, really hooked! Since then my ‘stack’ has grown and grown... 

Some of my nuggets are the most beautiful things I own. Under a scope you can clearly see its structure, how it’s grown. Some with quartz crystals growing together creating images very pleasing to the eye!

People talk about ‘gold fever’, men who gave up everything during the gold rush days gone by... I get it! It has almost a supernatural ‘hold’ over me. 
 

Does anyone else have the bug? 
 

It’s good investment material with collectors paying significantly over spot price for the shape they fancy... 

On 23/12/2020 at 15:21, very452001 said:

So the super high price premium over spot at europeanmint is similar price to UK prices with VAT? If that is the case whats the point ordering vat free platinum from Europe anyway when you can order local here in UK?

This conversation probably deserves its own thread!

There are a couple of things going on here and one of the major factors pushing up prices is supply outstrips demand. 
It’s a challenge to find in the UK or EU. To find an Oz of platinum for under a grand. 
It’s widely accepted that Platinum is undervalued and well overdue a price correction. It feels like most dealers have taken this into account.

There isn’t a great deal of Platinum available, customers are paying in excess of £1000 an ounce so the little Platinum dealers get hold of, they hang on to knowing they will achieve the price the expect, or the overdue price correction will have happened and they will still be sitting pretty.

My heartfelt advice is don’t wait to buy Platinum, there is only one direction the price is going to go and that’s up!

There aren’t many times in the Precious Metals business when you get the opportunity for a short term sure thing, I believe Platinum is offering that right now.

I’m confident we will see Platinum double in price during early 2021, so swallow the prices being offered and buy up what you can whilst you can. 

10 minutes ago, Martin1983 said:

Looking to buy my first bit of silver this week and build up.

 

where is the best place to buy, so far European mint seem ok for the prices, also silver has jumped up in price over the past months BUT the buying price is roughly the same why is this?

 

as it dropped earlier this year but was still selling with high premiums 

This forum! You will be hard pressed to find cheaper Precious Metals than in the trade section here. 

You have to be quick to snap up the good deals, however by far the cheapest prices to be found.

You need to think about what kind of silver you’ll invest in. Pure bullion? My advice is look one rung up the ladder and check bullion with some kind of numismatic interest (The Royal Mint’s Queens Beast range for example), that way you have the numismatic premium growth as well as any bullion value. Especially pertinent if you’re interested in a medium to long term investment, in my humble opinion.

Enjoy!

Lucky 13! Well done @UnoWho a very deserving winner!

I’m lucky to have a account with Coutts, who have helped me a couple of times with bigger pure bullion sales. For PM coins I’ve used this company https://www.secursus.com/

Ive never had to claim with them and I guess that’s the important bit...

I use Royal Mail Special Delivery as they are the only RM service that insures PM’s. I split any lot into multiple packages of £2,500 each when necessary and on the odd occasion I have had to individually insured single items well over that threshold.

It’s about £2000 Sterling 

Its a Hong Kong 🇭🇰 company and priced in Hong Kong Dollars 

Love this, thanks for sharing.

Imagine finding that on a dive, what a buzz! It almost doesn’t look legit it’s so well preserved. Amazing... 

Treasure hunting appeals to my inner child... I’ve just recently finished listening to the story of Oak Island https://www.google.co.uk/amp/s/www.cbc.ca/amp/1.5573186

Such an unbelievable story, yet true.

The amount of treasures sank during the days of adventure and exploration on the high seas... Haven’t we mapped out more of the moon than our own ocean beds? Imagine the discoveries yet to be found!

Lucky 🍀 ticket number 7 please 

It beggars belief... It’s like a child did it? What were they thinking... 

I knew something was wrong when the courier handed to me and it rattled.

You’d think so hey? No, they were in a double plastic coin wallet, no flap, not even sealed shut. Consequently both coins came out and clinked around together, hence the complaint due to two badly scratched and dented coins. If they had bothered to bubble wrap my coins would be fine.

I’m not been a perfectionist about this, with my microscope, I’m taking about 2 badly damaged coins. 

This is the beautiful wooden box my 2 x 1oz Royal Arms Platinum coins were rattling around in all the way from Belgium.

The Box is beautiful and if they hadn’t ruined my 2 pristine coins I’d be quite pleased with it.

Its pretty incompetent and not the shipping companies fault.

Personally I’m all for making PM parcels bigger than necessary as it deters casual postal theft. I’d never dream of leaving 2 coins to rattle around inside a box like this, would you?

It was the absolute lack of ANY kind of customer service in my experience. Mistakes happen, I empathise with that wholeheartedly. They ignored my messages, emails and claimed to not speak English when I finally got through to someone on the phone. They just seemed to hope I’d give up and go away. 

(Just for the record I was extremely polite and very British in all my dealings with them. Maybe I should have made a fuss, perhaps I may have gotten further that way?)

Its the best part of £2000, I don’t know about you, I cannot afford to let that slide and hope my business would survive.

The packaging was simply amateur and the whole reason both coins were delivered ruined. 

I guess as long as nothing goes wrong you’ll be fine. I wouldn’t recommend spending more than you can afford to lose however because if something does go wrong, you’re on you own.