Has anyone ever used elm investments?

[Connor]

Elm investments

They have some prices for sovereigns on their site which appear to be very cheap, I'm just wondering if anyone here has ever used them, or heard of them? They are based in Bristol. 

[Derv]

Never heard of them. You're right they do appear to be very cheap. Not a very big or detailed website...hmmm... 

[Paul]

i have not used them myself, but remember their name from researching gold dealers when starting out 10 years plus. 

So they have been around some years 

[Paul]

Just digging a little deeper on ELM

https://companycheck.co.uk/company/01293689/ELM-INVESTMENTS-WESTERN-LIMITED/financials

Established 1977, £1+million plus in assets & bank funds

Seem OK at first glance 

 

[Connor]

I found a company 'elm investments Ltd which was dissolved but going off the address you've listed, I'm assuming I was looking at the wrong company. I'm going to give them a call i think.

[GoldStatue]

I've never heard of them, strikes me as a webuyanygold type of shop.

Looks like another forum member asked the same question and didn't get a response:-

Anyone used Elm investments bullion dealer? - Gold - The Silver Forum

I'd be interested to see what sort of service and the quality of coins they offer, they look cheap as chips!

[Coolsmp]

On 05/12/2020 at 15:09, Connor said:

I found a company 'elm investments Ltd which was dissolved but going off the address you've listed, I'm assuming I was looking at the wrong company. I'm going to give them a call i think.

Let us know how you get on.

[dicker]

Hi Connor

Just be careful.  The prices on their website are a little off.

For example, someone I know told me to visit a particular “dealer” this weekend.  I did and found the price of handled Proof Sovs were GBP700 each...yes each. There were also some suspiciously perfect Roman coins for 700 each, with provenance unknown. 

Personally I use the forum Sov price tracker and a degree of scepticism when buying gold or silver for stacking.   

Let us know how you get on!

Best

Dicker
 

[Connor]

15 minutes ago, Coolsmp said:

Let us know how you get on.

 

 

15 minutes ago, dicker said:

Hi Connor

Just be careful.  The prices on their website are a little off.

For example, someone I know told me to visit a particular “dealer” this weekend.  I did and found the price of handled Proof Sovs were GBP700 each...yes each. There were also some suspiciously perfect Roman coins for 700 each, with provenance unknown. 

Personally I use the forum Sov price tracker and a degree of scepticism when buying gold or silver for stacking.   

Let us know how you get on!

Best

Dicker
 

Hi mate. Yeah I agree, it does seem a little off. I think I'll give them a call and see what they are saying, and if they are willing to let people view the items before they buy. The fact they've been on the go for years is a positive, but normally something that's too good to be true, is just that 😂 I'll post an update on here once I've contacted them.

[Connor]

So I spoke to them on the phone, they are a supplier rather than a dealer, they mainly sell to jewelers and metal dealers. Apparently they will only consider private buyers who are purchasing 10 or more sovereigns at a time. They said they would only sell after recieveing proof of ID and address etc. They won't allow viewing before buying for any less than that, as it's all done by post. As they say on dragon's den..'I'm out'. 

[GoldStatue]

Sounds like you'd end up getting ex-jewellery/manky type of sovereigns that no private buyer would touch.

[dicker]

I have said it before but the best place I have bought from for non specific coins is the forum.  
 

Not had a single bad transaction, and everyone I have dealt with has been a gentleman.  
 

Best

Dicker

[Connor]

Not been at this long so I'm no expert, but I second the above. This is the only place I've bought from without any sort of issue. 

[Coolsmp]

5 hours ago, Connor said:

Apparently they will only consider private buyers who are purchasing 10 or more Sovereigns 

Would be nice to afford to buy 10 Sovereigns at once but slighty out of my price. "I'm out too"

[Connor]

53 minutes ago, Coolsmp said:

Would be nice to afford to buy 10 Sovereigns at once but slighty out of my price. "I'm out too"

Chards you're looking at 3400ish pound. Elm you're looking at 3360ish. If you had that kind of money, I think the 40 pound difference is worth spending. The half sovereigns looked really good for someone like me who would only be buying one or two a month if I'm lucky but they could turn out to be very expensive chocolate coins 🤔