Sovereigns: Best Value -v- Low Grade

[AndrewSL76]

Morning,

I am looking to get some sovereigns and wondered if anyone had bought either of the lower cost ones from HGM and, if so, if you had thoughts on them. 

Im looking for long term investment (hence sovereign) and so it’s weight I am after, but at the same time, if my situation changes and I need to sell some, I don’t want there to be issues.

See pics below to help with what I mean! The low grade coins are indicated by plasters and a get well soon teddy bear!!!

Oh! And note the price difference is not insignificant. The best value are c.£292 and the low grade are c.£286, so a difference of c.£150 a tube.

Thanks in advance!

[Martlet]

The question is will HGM buy them back at the same prices, at about 98% spot.  I believe they do, so their low grade represent the very lowest spread buy/sell available.  £150 is not to be sniffed at, its an extra half sov. 

[AndrewSL76]

Perfect sense @Martlet. I guess I am just a bit stuck in my old ways as I move from collecting to stacking!!!!

[ilovesilverireallydo]

My contact will do them at 2% over spot as and when he has them, and most his come in decent grades, though you may get some of the crappier ones. If you looking for best value - retail wise they are the best priced. I can put you in touch if you like. 

[KevjustKev]

Am I right in thinking that HGM charge postage?

[JunkBond]

Just now, tallthinkev said:

Am I right in thinking that HGM charge postage?

Yes

[KevjustKev]

Just now, JunkBond said:

Yes

So that just about cancels out any savings

[JunkBond]

Well if you are buying either grade from them it doesn't. OP won't buy from Atkinsons.

[JunkBond]

@AndrewSL76 Be sure you are a weight only man, if you have a collector bone in your body you will end up disappointed.

[AndrewSL76]

12 minutes ago, tallthinkev said:

Am I right in thinking that HGM charge postage?

Yes, but I work around the corner from them and pop in regularly. 

[JunkBond]

Just now, AndrewSL76 said:

Yes, but I work around the corner from them and pop in regularly. 

I would have an empty bank account. 😂

[AndrewSL76]

5 minutes ago, JunkBond said:

Well if you are buying either grade from them it doesn't. OP won't buy from Atkinsons.

I must be being daft this morning, but I don't get the point. You are right re me not buying from Atkinsons, but what do you mean by the first part of the sentence? Sorry, not challenging or being sarcastic or anything - just do not understand!! Hope this is clear!!

Andrew.

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Added 0 minutes later...

4 minutes ago, JunkBond said:

@AndrewSL76 Be sure you are a weight only man, if you have a collector bone in your body you will end up disappointed.

I've moved on......I hope I can do this and you are wrong!!!

[JunkBond]

3 minutes ago, AndrewSL76 said:

I must be being daft this morning, but I don't get the point.

I was responding to tallthinkev when he said postage wipes out the saving, but both grades are from HGM so postage is added to either. 👍

Not applicable in you case as you shop personally.

[AndrewSL76]

21 minutes ago, JunkBond said:

I was responding to tallthinkev when he said postage wipes out the saving, but both grades are from HGM so postage is added to either. 👍

Not applicable in you case as you shop personally.

Gotcha! Cheers! Yep, defo better to be able to collect than receive via post...

A.

[sovereignsteve]

If you  can easily pop in, I would suggest you do so and have a look at some examples.

I find the best value ones are likely to be modern and the low grade ones older coins of mixed condition. Some are surprisingly nice.

[Roy]

On 19/09/2019 at 16:18, JunkBond said:

@AndrewSL76 Be sure you are a weight only man, if you have a collector bone in your body you will end up disappointed.

I agree with JB here. If you are just stacking weight, I'd suggest you steer clear of sovereigns. Go for qtr ounce krugs, maples, eagles etc. instead.

I tried to 'stack' sovereigns myself and I found it difficult to do so. You always seem to find an excuse:

 

 'oh, that's too good for the pot' 

'but I'm sure that's an overstrike'

'it's a perth jubilee head'*

'low mintage that'

'need it for my xxxx collection'

You'll end up with a load of sovs that you just can't bear to part with. Unless you stack post 2000, that is.

*surprised no-one picked up on this 😊

 

There is something magical with the earlier ones. Every one is special and every one should be saved.  Monty Python explains it best for me.

 

 

[JunkBond]

Yes @Roy just too much of a temptation, one starts trying to aquire that certain coin. Stacking is just a bore imho.

[AndrewSL76]

Thanks for the advice - this is awesome. 

A.