Gold Purchased From Rosland UK

[asemp]

Hi i have a question maybe somebody can help me with ?

Do you think that the Slabbed Sovereigns purchased from Rosland  are worth it , or are they overpriced ??

As I've purchase a couple of items from them, and I'm not convinced, as the price of gold has to rise to at least £2500  oz before i can make a good return on my investment 

have i made a good choice?

Mind you, I purchased these a couple of years ago when gold was at £1800 oz  and it's only £1933 ish  and very green in the game 

 

[Rll1288]

It depends on the Sovereign and whether they are charging the market value or not with it being slabbed... The TCC auction last Sunday has always got slabbed sov's and that's usually a good indication (well one of the methods)of value.... Its a bit like proofs the mint sell proofs way over spot and although the value is linked to Pm pricing its also about intrinsic value as well

[asemp]

So would you pay £930 for a Slabbed Sovereign PR69 limited 499  gold eagle ? 

It seems as if I wanted to resell it i would have to take it back to where i purchased it, 

maybe i should look in the graded section

[Rll1288]

As said depends on the what the slabbed sovereign was..... 

[Zhorro]

51 minutes ago, asemp said:

Hi i have a question maybe somebody can help me with ?

Do you think that the Slabbed Sovereigns purchased from Rosland  are worth it , or are they overpriced ??

As I've purchase a couple of items from them, and I'm not convinced, as the price of gold has to rise to at least £2500  oz before i can make a good return on my investment 

have i made a good choice?

Mind you, I purchased these a couple of years ago when gold was at £1800 oz  and it's only £1933 ish  and very green in the game 

 

I think it would be useful to see some pictures.  Numismatic coins usually have a value greater than the spot price of gold, depending on their condition.

I have never bought anything from Rosland, so I don't know anything about their pricing policy.

[asemp]

Oh, ok 

these are pristine 

[BackyardBullion]

I really hate to be the bearer of bad news, but those coins will likely only be worth spot price at best....

There might be some very niche collectors out there that would be willing to pay more for the coins, but I would suspect most if not all dealers would not be willing to pay very much above spot price for these coins. 

[Rll1288]

3 minutes ago, BackyardBullion said:

I really hate to be the bearer of bad news, but those coins will likely only be worth spot price at best....

Agree.... Not something that would drive demand and value.... 

[BackyardBullion]

1 hour ago, asemp said:

So would you pay £930 for a Slabbed Sovereign PR69 limited 499  gold eagle ? 

It seems as if I wanted to resell it i would have to take it back to where i purchased it, 

maybe i should look in the graded section

If this is what you paid for these coins, you are going to have to wait for £4000/oz gold to get your money back

[asemp]

might have to wait until gold hits 2500

[BackyardBullion]

2 minutes ago, asemp said:

might have to wait until gold hits 2500

I would personally be getting in contact with Rosland to ask for full refunds as the coins are just not worth that amount. See what they say. 

[asemp]

Think I'm going to vomit !!! 

[asemp]

They do a buy back, as long as i don't lose out then i might consider it

[Roy]

Rosland Gold are official sponsors.

This thread will self destruct in 2 minutes.

[BackyardBullion]

26 minutes ago, asemp said:

Think I'm going to vomit !!! 

We don't mean to make you feel bad and I am very much sorry to bring bad news. 

The good thing is that you have asked questions about these coins and you are now in the know. 

Take a step back, go for a walk and just try to relax as best you can. 

The forum can help too - Rosland gold are even forum members so might be able to help alleviate some of your concerns. 

[goldmember44]

My honest advice is try to get a refund... 

[asemp]

Thanks for the heads up !!

I had that feeling for a long time now and wasn't sure.

I think i will give them a  call, I'm going for that walk now !!!

[Shanes]

19 minutes ago, BackyardBullion said:

Have a watch of this video

 

 

[asemp]

Thanks, this vid was just posted to me by another member

[Roy]

Why would anyone want a bald eagle on a gold sovereign?

[asemp]

You know what?  I've been searching for these coins, and i have not seen them anywhere else but Rosland 

[BackyardBullion]

This is a good resource to check out hammer prices for various coins. I just filtered by Tristan Da Cunha and you see all the coins go for basically spot price on these. 

https://www.londoncoins.co.uk/?page=Pastresults&searchterm=Tristan+da+Cunha+Sovereign+Proof&category=13&searchtype=1

I think it is worth pointing out that nobody is accusing Rosland gold of any fraud/crimes/scams here.

There is a market for collectable pieces like this that some people are more than happy to pay good money for. 

[Roy]

2 hours ago, asemp said:

So would you pay £930 for a Slabbed Sovereign PR69 limited 499  gold eagle ? 

How can £930 for a sovereign be anything but a scam? 

[Roy]

31 minutes ago, asemp said:

You know what?  I've been searching for these coins, and i have not seen them anywhere else but Rosland 

They are 'special editions' commissioned by a plethora of gold dealers and issued by various commonwealth countries.  

[Roy]

1 hour ago, BackyardBullion said:

There is a market for collectable pieces like this that some people are more than happy to pay good money for. 

They are called pensioners.