Advertised Gold Coin Prices

[goldstacker94]

Hi all, 

This might seem like a silly comment/question but I noticed that a fair amount of dealers who list the prices of bulk purchases. 

For example, Bullion By Post is advertising Gold Sovereign Best Value Gold Coin "from" £242 (https://www.bullionbypost.co.uk/gold-coins/full-sovereign-gold-coin/) but when going to that page, the actual price of a single coin is £250 if only one is purchased. The price of £242/coin is only reached when someone buys over a 1000 of them, which I can assume doesn't happen as often as smaller purchases. 

I guess they do it to attract the buyers to visit more pages but it seems unreasonable as once the potential buyer sees the true price of a coin, they would feel somewhat cheated. 

I noticed that not all dealers do it and some do list the real starting price per coin. 

 

[HelpingHands]

Also they have postage priced in.

[Gildeon]

I agree, when I read "starting" I would expect the price of one and then decreasing by quantity. Other dealers use this format, which seems more appropriate to me.

[Abyss]

All UK dealers doing the same thing unfortunately. Looking for bullion soveigns the best deal 

https://harringtonandbyrne.co.uk/2019-united-kingdom-gold-uncirculated-sovereign-3163.html

2019 Gold Sovereign £229 includes free delivery. Make sure opt out of all marketing communications.

Looking buy gold 1 oz gold coins then European dealers but due to postage costs not worthwhile unless buying multiples (becomes more economical buying gold and silver from European dealers at the same time).

Just interested in buying 1 oz gold at the cheapest price then Chards doing the closest price to spot that I have seen from any dealer.

https://www.chards.co.uk/1-ounce-gold-coin/1oz-gold-bullion-coin/one-ounce-best-value/486

[Frost]

On 12/04/2019 at 08:14, Abyss said:

All UK dealers doing the same thing unfortunately. Looking for bullion soveigns the best deal 

https://harringtonandbyrne.co.uk/2019-united-kingdom-gold-uncirculated-sovereign-3163.html

2019 Gold Sovereign £229 includes free delivery. Make sure opt out of all marketing communications.

Looking buy gold 1 oz gold coins then European dealers but due to postage costs not worthwhile unless buying multiples (becomes more economical buying gold and silver from European dealers at the same time).

Just interested in buying 1 oz gold at the cheapest price then Chards doing the closest price to spot that I have seen from any dealer.

https://www.chards.co.uk/1-ounce-gold-coin/1oz-gold-bullion-coin/one-ounce-best-value/486

What about this Philharmonics  https://atkinsonsbullion.com/gold/gold-coins/1oz-gold-coins/pre-owned-austrian-philharmonic-1oz-gold-coin

A bit more expensive but with free shipping

[Frost]

On 12/04/2019 at 01:47, goldstacker94 said:

Hi all, 

This might seem like a silly comment/question but I noticed that a fair amount of dealers who list the prices of bulk purchases. 

For example, Bullion By Post is advertising Gold Sovereign Best Value Gold Coin "from" £242 (https://www.bullionbypost.co.uk/gold-coins/full-sovereign-gold-coin/) but when going to that page, the actual price of a single coin is £250 if only one is purchased. The price of £242/coin is only reached when someone buys over a 1000 of them, which I can assume doesn't happen as often as smaller purchases. 

I guess they do it to attract the buyers to visit more pages but it seems unreasonable as once the potential buyer sees the true price of a coin, they would feel somewhat cheated. 

I noticed that not all dealers do it and some do list the real starting price per coin. 

 

Try looking for coins there https://findcoinonline.com/products/seller_country=great-britain?sort_by=price-low-to-high

You can choose filters and country and see search result from different dealers. If you need to know the lowest price you can always go to price comparison section.

[RichmondStacker]

3 hours ago, Frost said:

What about this Philharmonics  https://atkinsonsbullion.com/gold/gold-coins/1oz-gold-coins/pre-owned-austrian-philharmonic-1oz-gold-coin

A bit more expensive but with free shipping

The UK sites that have free shipping have already added that into the overall cost.  It’s annoying if you want to buy several items as the costs are more than a flat postage fee. 

[goldstacker94]

6 hours ago, Frost said:

Try looking for coins there https://findcoinonline.com/products/seller_country=great-britain?sort_by=price-low-to-high

You can choose filters and country and see search result from different dealers. If you need to know the lowest price you can always go to price comparison section.

Thanks! Will definitely bookmark that site. 

[goldstacker94]

On 11/04/2019 at 23:59, HelpingHands said:

Also they have postage priced in.

You are right, some account for the "free postage" already in the coin price, though they also offer collection service. 

I think ATS Bullion is an example... they advertise the "from" price as the bulk price, buying one coin is almost higher than the listed price on the catalog page, they also offer free postage but doesn't make sense for the postage cost to be incorporated in the coin price, the postage+packaging+insurance costs do not apply if I am picking it up in person.