Sovereigns under spot or a stick and carrot?

[Foster88]

I came across this website today and noticed the prices of some sovereigns are way under spot.

The website will let me add to basket which is a little odd.

Has anyone ordered from Josephine Coins? I’m not looking to buy but I will at those prices!!

I’m thinking this is a ‘stick and carrot’ to entice you in and then they request the real price.

[Seasider]

 

[Foster88]

1 hour ago, Seasider said:

 

I remember now.

I even commented on that thread. 🙄

Maybe one to avoid then.

[Coolsmp]

Anyone one willing to give it go and see what happens??

[Foster88]

17 minutes ago, Coolsmp said:

Anyone one willing to give it go and see what happens??

I will after you go first and tell me what happens. 😂

[Chrisplym]

I decided not to buy from them. When something seems too good to be true....

Had a conversation with them on eBay and found them a bit abrasive.

[Realwealthuprising]

I had a bad experience on ebay with this company. The owner (I presume) tried to arrange for a sale to take place outside of ebay/ paypal and when I refused sent abusive messages 🙈

[NRSovereign]

Would love to see the responses 😂

[Murph2300]

Website is hosted in Copenhagen. Not sure if that is relevant at all.

[Foster88]

8 hours ago, Realwealthuprising said:

I had a bad experience on ebay with this company. The owner (I presume) tried to arrange for a sale to take place outside of ebay/ paypal and when I refused sent abusive messages 🙈

It’s a good job you didn’t order from them. You should have sent them the lyrics to Cindy Laupers ‘True Colours’.

I just can’t understand why they are running a bullion business without ‘live’ prices showing on their website.

Very odd.

[Coolsmp]

I don't think they are a bullion business. There a numismatic business with bullion coins. A bit like Harrington and Byrne, they sell their bullion coins cheap to lure people in to buy the overpriced proofs and historic coins but yes some of their pricing seems odd.

[Britannia47]

https://www.josephine-coins.co.uk/

Previous name of company was The Commonwealth Mint Ltd (March 2017)  Directors are Casey 'Josephine' Morris age 36, and Michael Colin Morris age 60 from Wickford ESSEX. Casey apparently owns the company but Companies House in August 2019 showed  her as no longer a person with significant control, whatever that means. See 'About us' on the website for background info. Appears to be more involved with horse business than coins. However the website has a variety of gold sovereigns on display at reasonable prices IMO, but some coins need price updating. It all appears to be legit.... but not for me.

[Chrisplym]

Very interesting. Thanks for sharing.

[Martysmith]

Their terms and conditions are an interesting read.....

[Coolsmp]

10 minutes ago, Martysmith said:

Their terms and conditions are an interesting read.....

Please summarise. I can't be bothered to read them

[coinz123]

I don’t like the look of this. I picture tumble weeds, while waiting for my sovereigns. 
 

But what do I know I could be wrong. 

[coinz123]

📊

Josephine Coins

---

By Chrisplym, 
 

 

 

 

This member has made a thread on this company. 

[silvernewbie]

£260 for a full sov?!

 

https://www.josephine-coins.co.uk/p/2016-queen-elizabeth-ii-gold-full-sovereign

[Coolsmp]

The online payment system does not work. I suspect they want you to call them up. Then the upsell will come.

[HighlandTiger]

LOL,

No-one has even noticed, that the address of this company is the same address as the Silver Forum 

 

Now obviously @ChrisSilver has nothing to do with this company, but while its perfectly acceptable for a forum site that sells no physical items to have a virtual address, (in fact it actually makes sense) I certainly wouldn't trust a gold dealer with a virtual office, rather than a bricks and mortar office.

 

 

 

[ChrisSilver]

3 hours ago, HighlandTiger said:

Now obviously @ChrisSilver has nothing to do with this company, but while its perfectly acceptable for a forum site that sells no physical items to have a virtual address, (in fact it actually makes sense) I certainly wouldn't trust a gold dealer with a virtual office, rather than a bricks and mortar office.

Yes, the address is just a registered address. And I have nothing to do with this company called Josephine Coins.

However, using a different registered address to an actual office address in itself is not suspicious. I know of large multinational dealers who also do this so that their office addresses where precious metals are stored are not publicly available on the internet. Obviously it’s different for precious metals dealers who also have a physical shop and not just an online business.

Using the same registered address as the forum though, may or may not be a coincidence.

[HighlandTiger]

6 hours ago, ChrisSilver said:

Using the same registered address as the forum though, may or may not be a coincidence.

That did cross my mind. 🤔 Makes you wonder how many "new businesses" peruse this forum before creating a bullion company. 

[Mike]

Interesting thread, there was something about the name that was familiar.  In 2018, I bought a 2002 sovereign from Josephine coins, back in the days when you got 10% discount vouchers that could be used on precious metals - I ended up with a very nice BU sovereign for less than spot. 

I don't think these are scammers, but probably more in the same camp as H&B, hooking you in with a loss leader

[Hunter87]

https://www.josephine-coins.co.uk/p/2016-queen-elizabeth-ii-gold-full-sovereign

 

Full Sov £260 apparently.....

[Britannia47]

Just to confirm that 71/75 Shelton St ' Garden Studios' sells virtual office space and is only the registered address of Josephine Coins.

So its  -  "not tonight Josephine, keep your coins, for I am fighting Wellington tomorrow!"