GOLD DEALS - (UK & Europe) See a deal, post it here

[Shep]

1 hour ago, dga00 said:

Irish coin 7 grams
sovereign 8 grams

It may be the same price, but you loose a gram for the proof finish.

It’s 1/4 oz (7.8g) of fine gold Vs 7.3g fine gold in a 22ct sovereign.

Its the fine gold weight that is important.

https://en.numista.com/catalogue/pieces99670.html

Edited May 22, 2020 by Shep

[dga00]

19 minutes ago, isaacyzzz said:

New NATURES DE FRANCE series: Brillant Uncirculated Gold Coin 1000 and 250 euros, Sliver coin 20 and 100 euros.   https://www.monnaiedeparis.fr/en/node/16943#/le-chene

free post to UK. Are they worth to buy?

 

Are they legal tender?

If so, I see no downside in buying.

You practically exchange 100 euros from your account(or from your wallet) for a 100 euros coin. Made of silver.

If silver price tanks, you still have  a coin worth 100 euros.

If silver price shoots up, you can sell it for the metal content.

[dga00]

In this link, https://www.collectorcoins.ie/en/proclamation-of-the-irish-republic-50-gold-proof-coin-2016.html, the specifications say 7.08.

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9 minutes ago, Shep said:

It’s 1/4 oz (7.8g) of fine gold Vs 7.3g fine gold in a 22ct sovereign.

Its the fine gold weight that is important.

https://en.numista.com/catalogue/pieces99670.html

 

[Arganto]

Unless the Euro devalues to the point where 100 Euros barely buys you a Mars bar...nice design though, and you can't sniff at free shipping over the water.

[isaacyzzz]

I have the same thoughts. They are lovely coins, made by French Mint. I think they are legal tenders. 

[Shep]

12 minutes ago, dga00 said:

In this link, https://www.collectorcoins.ie/en/proclamation-of-the-irish-republic-50-gold-proof-coin-2016.html, the specifications say 7.08.

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Added 0 minutes later...

 

No I realise that but if you check other sources they confirm 7.8g.
 

I think it must be a typo, I don’t see how they could sell a coin as being “1/4 oz fine gold” and shave .72g off it. It would be deliberate mis-selling. 
 

At current prices and if using 0% commission currency exchange (Revolut or similar) it represents a purchase of 1/4oz gold under spot price. I can’t find any other gold available at the minute at a premium that good!

Edited May 22, 2020 by Shep

[TheApe]

5 minutes ago, Shep said:

No I realise that but if you check other sources they confirm 7.8g.
 

I think it must be a typo, I don’t see how they could sell a coin as 1/4 oz gold and shave .72g off it. It would be deliberate mis-selling. 
 

At current prices and if using 0% commission currency exchange (Revolut or similar) it represents a purchase of 1/4oz gold under spot price. I can’t find any other gold available at the minute at a premium that good!

I have two of these coins and a few sovereigns.

Ill weigh later.

[Martlet]

24 minutes ago, Shep said:

No I realise that but if you check other sources they confirm 7.8g.
 

I think it must be a typo, I don’t see how they could sell a coin as being “1/4 oz fine gold” and shave .72g off it. It would be deliberate mis-selling. 
 

At current prices and if using 0% commission currency exchange (Revolut or similar) it represents a purchase of 1/4oz gold under spot price. I can’t find any other gold available at the minute at a premium that good!

This article from 2016 may explain things, they set the price at €375 and never adjusted it with the gold price. 

[Foster88]

2 minutes ago, Martlet said:

This article from 2016 may explain things, they set the price at €375 and never adjusted it with the gold price. 

That was a bit pricey at that price in 2016.

[Shep]

11 minutes ago, Martlet said:

This article from 2016 may explain things, they set the price at €375 and never adjusted it with the gold price. 

It does seem that way doesn’t it. I’ll happily take advantage of a couple of misspriced 1/4oz’s at below spot before my £s become even more worthless. 
 

Big thanks to @TheApe for sharing.

[TheApe]

I think possibly it is 7.08g, a quarter of an ounce. They are not measuring in troy ounce.

Im unsure though, cant get it out of plastic case to get proper measure measurement and my scales is bad.

[Shep]

7 minutes ago, TheApe said:

I think possibly it is 7.08g, a quarter of an ounce. They are not measuring in troy ounce.

Im unsure though, cant get it out of plastic case to get proper measure measurement and my scales is bad.

Hmm that’s very sneaky if so.

[TheApe]

6 minutes ago, Shep said:

Hmm that’s very sneaky if so.

Yes, its annoying unclear.

But think of how much over spot that was in 2016.

[Nortypeter]

1 hour ago, TheApe said:

I think possibly it is 7.08g, a quarter of an ounce. They are not measuring in troy ounce.

Im unsure though, cant get it out of plastic case to get proper measure measurement and my scales is bad.

any chance you could weigh the coin in its capsule and then weigh a near identical capsule on its own,work out the difference.

 

[TheApe]

Confirmation from customer service that its 1 quarter ounce, not troy ounce.

[Clens92]

3 minutes ago, TheApe said:

Confirmation from customer service that its 1 quarter ounce, not troy ounce.

Only in Ireland would they use an avoirdupois ounce for metals when the rest of the world uses the troy ounce.

[Foster88]

27 minutes ago, TheApe said:

Confirmation from customer service that its 1 quarter ounce, not troy ounce.

So it is 7.08 as the website says and not 7.8? I feel a bit duped now.

So at roughly £347 they’re not under spot price.

[TheApe]

1 minute ago, Foster88 said:

So it is 7.08 as the website says and not 7.8? I feel a bit duped now.

So at roughly £347 they’re not under spot price.

I guess so, how many did you buy?

[Foster88]

6 minutes ago, TheApe said:

I guess so, how many did you buy?

Luckily just the one.

[TheApe]

Just now, Foster88 said:

Luckily just the one.

Still good value maybe, considering a proof.

[HGr]

It will be below spot one day! 

[Foster88]

1 hour ago, TheApe said:

I guess so, how many did you buy?

Did you buy any?

[OriginalS]

6 hours ago, isaacyzzz said:

New NATURES DE FRANCE series: Brillant Uncirculated Gold Coin 1000 and 250 euros, Sliver coin 20 and 100 euros.   https://www.monnaiedeparis.fr/en/node/16943#/le-chene

free post to UK. Are they worth to buy?

 

I don't like the look of these, unless you're going to actually spend them the €100 face value is just going to be inflated away, and if you're buying for the silver value you're paying €100 for 1.47oz of silver, which today is a 386% premium over spot price, you'd need it to hold a hell of a premium as a collectors coin to ever get a realistic gain on it

[isaacyzzz]

1 hour ago, OriginalS said:

I don't like the look of these, unless you're going to actually spend them the €100 face value is just going to be inflated away, and if you're buying for the silver value you're paying €100 for 1.47oz of silver, which today is a 386% premium over spot price, you'd need it to hold a hell of a premium as a collectors coin to ever get a realistic gain on it

For the gold coins, there are about 30% premium over spot price, are they too much as a collector?

[OriginalS]

It's not something I'd buy for that premium but it may have a collector scene, tbh I have no knowledge of French gold