Just starting in uk

[Villadam]

Im 36 just looking to put some spare cash into something, nothing major more like a hobby. Was thinking gold sovereigns. I would possibly only buy 1 every 9 months, is this something worth doing just to build up a collection over the years and possibly pass down to the kids?

I know the normal sites like BBP etc… are these the best places for just 1 off purchases once to twice a year. Any info guidance appreciated 

[Fadeingstar]

Welcome to the forum and the start of your journey down the rabbit hole that are precious metals.

It is a nice idea to buy sov's for kids. I am currently buying 1 a year for my niece as a present for her when she turns 21 or 25 or whenever I think she is responsible enough to have them! I have a date run of them on the go.

Let’s say you have another 35 years left (I hope that it is many more and you have a very full and prosperous life) that is 420 months if you are able to buy 1 every 9 months that will be 46.6 sovs so call it 47 for ease. No one knows what the gold price will be in 35 years but if we look at history then the year change is as below (data provided by gold.co.uk):

 

Yes I appreciate the above is a little "brute force" and not an elegant as it could be but I think it gives an overall idea

Now when it comes to the purchasing of the sovs there are the main dealers BBP,Chards,Atkinsons etc. The cheapest I can find is a "best value" from Britannia Coin Company which at the time of posting this (1am) is £349.02 a coin. Now on the forum we have the buy/sell section and the cheapest Sov I can see for sale is £335 so there is money to be saved. £10 doesn't sound like much but if you are able to save £10 each purchase then you can put that towards another sov or maybe an oz or 2 of the shiny silver metal as well. Also buying on the forum allows you to see the exact coin that you will get a premium membership is well worth the £5 a month.

You can also get some nice sov storage cases I got mine from coin gallery there are others just something that looks so nice about sov's in capsules in a case.

Also just as an end note I am not affiliated with any companies mentioned or the silver forum just a happy active user.

 

[sixgun]

This is a good place to pick up the occasional sovereign. 

https://www.thesilverforum.com/forum/13-united-kingdom-ungraded/
It doesn't sound like you are buying enough to make premium membership worthwhile - you won't see coins that go up for sale as soon as they are posted so you will probably miss a lot of the bargains but you will see plenty of swag and this is certainly a better place than the likes of ebay.

Edited February 23, 2022 by sixgun

[dicker]

Welcome to the forum.

Saving and buying a Sov when you can afford is a great strategy.  Lowest pct over spot.  

[Paul]

Analysis of your monthly costs.

If you can look to stack a full sovereign a month all your working life, based on simple beer mat maths you'll not do bad in retirement

[CANV]

Well other than you will never be able to sell them and be buried with them all..   its the nature of stacking.😉

[Villadam]

Thanks for all the comments guys. Is buying off this forum safe, I’m a bit funny when it comes to online purchases. Hoping to make my first purchase by friday

[Villadam]

Also another thing where is best to find certain years as I would like to see if I can get my kids birth years 2006,2013,2018?

[dicker]

4 hours ago, Villadam said:

Thanks for all the comments guys. Is buying off this forum safe, I’m a bit funny when it comes to online purchases. Hoping to make my first purchase by friday

Yes, very as long as you check that you are buying from a trusted forum member with good reputation / trading points.