Last minute buying 1oz jitters

[Xander]

I noticed HGM are paying £1186.90 for a 1oz Gold bar and £1192.25 for a 1oz Krugerrand. I thought they would be the same.

[daca]

1 hour ago, Xander said:

I noticed HGM are paying £1186.90 for a 1oz Gold bar and £1192.25 for a 1oz Krugerrand. I thought they would be the same.

Coins have higher premium,  so the resale value is higher to.

Simple mathematics in my opinion

 

LE

Was wrong in my assumption.

[Xander]

10 minutes ago, daca said:

Coins have higher premium,  so the resale value is higher to

When you buy a 1oz gold bar from them its £1269.07 and the Krug is £1237.77. 

[RoughDog]

They sell 1oz krugerrand for 1237.77 and sell 1oz gold bar for 1269.07

Not so simple maths.

I would imagine that a krugerrand is easier to resell than a gold bar hence the difference in price.

[Serendipity]

Gold needs no introduction and is always liquid irrespective whether it’s a half sovereign or 1 kilogram bar worth £40,203. You’ll always find buyers. It’s always best to stack a variety of fractional and 1oz gold coins. I know it’s kind of scary to make that first-time leap to 1oz gold coins but your stack of sovereigns equates to an ounce of gold anyway. An ounce of gold is still an ounce of gold whether it’s a stack of 1/10oz gold Britannias, sovereigns or a 1oz gold coin.

[daca]

18 minutes ago, Xander said:

When you buy a 1oz gold bar from them its £1269.07 and the Krug is £1237.77. 

 

17 minutes ago, RoughDog said:

They sell 1oz krugerrand for 1237.77 and sell 1oz gold bar for 1269.07

Not so simple maths.

I would imagine that a krugerrand is easier to resell than a gold bar hence the difference in price.

 

Indeed, very strange .

1oz krugerrand  are on sale now, however even at full price it is below 1 oz bar.

Most likely they have many more transaction with coins and they cover there cost.

[silvernewbie]

Apart from HGM where else is similar in london or uk price wise?