Buying my first gold bar - looking for advice

[Prophecy]

3 minutes ago, silverback19 said:

no @Prophecy was just browsing, looking for deals, sweet for the link i have never used that before, i was only looking at 2020 sovereign specifically, top 3 cheapest dealers on that link all charge postage fees so, thought Atkinson's would have been the better deal as its free over £180, and shouldn't have to wait to long to receive order. 

I get you. I sensed you were looking for new mintage but that link is the best we have at the moment for comparing the best live prices.

P.S. Our fellow silver forum member @Darr3nG made the site in the link. 

[Prophecy]

1 minute ago, coalfield said:

Thanks... All makes sense apart from the 24K.  So 24K is not 100% or even 99.9%? 

You're right, I got that wrong. I should change it to 23K

[coalfield]

53 minutes ago, TheApe said:

Talk about over complicating things Prophecy 🤣
OP, the coin spec will show the Gold weight, you wont need to calculate.

I didnt show the gold weight on this one for some reason

https://www.thegoldbullion.co.uk/buy-gold-coins/buy-gold-sovereigns/2018-gold-sovereign/

[Prophecy]

57 minutes ago, TheApe said:

Talk about over complicating things Prophecy 🤣
OP, the coin spec will show the Gold weight, you wont need to calculate.

He wanted to work out the premium over spot. I'm afraid it is a bloody nightmare especially with odd fractional alloys.

[Prophecy]

5 minutes ago, coalfield said:

I didnt show the gold weight on this one for some reason

https://www.thegoldbullion.co.uk/buy-gold-coins/buy-gold-sovereigns/2018-gold-sovereign/

Well, it's a sovereign, you can find its weight referenced all over the place.

[coalfield]

Thanks for your help all appreciated

[Notafront4adragon]

32 minutes ago, coalfield said:

I didnt show the gold weight on this one for some reason

https://www.thegoldbullion.co.uk/buy-gold-coins/buy-gold-sovereigns/2018-gold-sovereign/

7.32g.

This is a pretty good resource

 https://en.numista.com/catalogue/royaume-uni-12.html

 

[Prophecy]

@coalfield Don't forget, if you want to convert from grams... a troy ounce is not the same as an ounce. Sometimes, unscrupulous or naive sellers show the weight in regular ounces not troy ounces as we saw recently by the Irish mint.

https://privatebullion.com/blog/troy-ounce-vs-ounce/

 

[TheApe]

36 minutes ago, Prophecy said:

@coalfield Don't forget, if you want to convert from grams... a troy ounce is not the same as an ounce. Sometimes, unscrupulous or naive sellers show the weight in regular ounces not troy ounces as we saw recently by the Irish mint.

https://privatebullion.com/blog/troy-ounce-vs-ounce/

 

What Irish mint?

 

[TheApe]

Feel like I need to be fact checking some of prophecy's statements😁

[PeterPan]

3 hours ago, silverback19 said:

the best price sovereign i have found is on Atkinson bullion for just over 7% above spot pretty good deal plus they ship within 3-5 days. a lot faster than other dealers at the moment

https://atkinsonsbullion.com/gold/gold-coins/sovereign-gold-coins-(1)/2020-uk-full-sovereign-gold-coin

If you want 2020 and only buying one then this is cheaper:

https://www.sharpspixley.com/latest-sovereign-elizabeth-ii-gold-coin

That price also includes delivery, but sadly no price breaks for buying more than one. 

[Melon]

4 hours ago, Prophecy said:

He wanted to work out the premium over spot. I'm afraid it is a bloody nightmare especially with odd fractional alloys.

Take the weight. Divide by 24. Multiply by the karat weight (for a Sov that's 22). Job done! 

4 hours ago, Prophecy said:

@coalfield Don't forget, if you want to convert from grams... a troy ounce is not the same as an ounce. Sometimes, unscrupulous or naive sellers show the weight in regular ounces not troy ounces as we saw recently by the Irish mint.

https://privatebullion.com/blog/troy-ounce-vs-ounce/

The Irish mint had a typo on their website as we've long established. The coins are measured in troy ounces, nothing remotely unscrupulous about it! 

[Prophecy]

26 minutes ago, Melon said:

Take the weight. Divide by 24. Multiply by the karat weight (for a Sov that's 22). Job done! 

He wanted to work out the premium over spot.

[Prophecy]

27 minutes ago, Melon said:

Take the weight. Divide by 24. Multiply by the karat weight (for a Sov that's 22). Job done! 

The Irish mint had a typo on their website as we've long established. The coins are measured in troy ounces, nothing remotely unscrupulous about it! 

I'm not sure you fully read any of the comments you are commenting on

[Melon]

31 minutes ago, Prophecy said:

I'm not sure you fully read any of the comments you are commenting on

Uhm I did. Just saying the calc for working out the gold weight is really quite simple, divide by 24 and multiply by the karat, easy! Gave the rest required to get premium once you have gold weight earlier in the thread. 

I guess you were highlighting that the Irish mint made the website typo in error then? If so I misunderstood, thought you were implying there was something unsavoury 😊

[Prophecy]

1 hour ago, Melon said:

Uhm I did. Just saying the calc for working out the gold weight is really quite simple, divide by 24 and multiply by the karat, easy! Gave the rest required to get premium once you have gold weight earlier in the thread. 

I guess you were highlighting that the Irish mint made the website typo in error then? If so I misunderstood, thought you were implying there was something unsavoury 😊

It's ok. It's a full moon.

[TheApe]

4 hours ago, Melon said:

Uhm I did. Just saying the calc for working out the gold weight is really quite simple, divide by 24 and multiply by the karat, easy! Gave the rest required to get premium once you have gold weight earlier in the thread. 

I guess you were highlighting that the Irish mint made the website typo in error then? If so I misunderstood, thought you were implying there was something unsavoury 😊

He was talking about the Irish coin I think. You have to fact check that Prophecy lad.

[Melon]

4 hours ago, Prophecy said:

It's ok. It's a full moon.

🙄