Quarter Sovereign availability?

[StackemHigh]

Been looking at getting a couple of quarter sovereigns, but i can't seem to find any! Have the rm stopped producing the BU?

[modofantasma]

Specifically for this year? @StackemHigh

Edited June 2, 2022 by modofantasma

[modofantasma]

30 minutes ago, StackemHigh said:

Been looking at getting a couple of quarter sovereigns, but i can't seem to find any! Have the rm stopped producing the BU?

https://www.hattongardenmetals.com/quarter-gold-sovereign loads in stock there mixed years it looks like 

[paulmerton]

1 hour ago, StackemHigh said:

Been looking at getting a couple of quarter sovereigns, but i can't seem to find any! Have the rm stopped producing the BU?

They're in stock at RM... https://www.royalmint.com/invest/bullion/bullion-coins/gold-coins/the-quarter-sovereign-2022-gold-bullion-coin/

(assuming BU means bullion in this context, and not brilliant uncirculated)

[LawrenceChard]

3 hours ago, StackemHigh said:

Been looking at getting a couple of quarter sovereigns, but i can't seem to find any! Have the rm stopped producing the BU?

 

2 hours ago, modofantasma said:

https://www.hattongardenmetals.com/quarter-gold-sovereign loads in stock there mixed years it looks like 

 

1 hour ago, paulmerton said:

They're in stock at RM... https://www.royalmint.com/invest/bullion/bullion-coins/gold-coins/the-quarter-sovereign-2022-gold-bullion-coin/

(assuming BU means bullion in this context, and not brilliant uncirculated)

The HGM prices work out ovr 30% premium for singles, which is not a great deal for secondary market, unless you can pick a date you want, and / or they are still minty.

The RM pricing for 2022 works out at just under 33% premium.

I can tell you that @ChardsCoinandBullionDealer did think about stocking them, and 2022 bullion half sovereigns, back in January, then again very recently.

I have done a previous post about them both.

The main problem is the relatively high Minimum Order Quantity, which happens to be 500 of each. As most people buying these only want 1 or 2 coins, and the premium for small coins is necessarily too high to be a good buy for most investors, they don't often sell in larger quantities. In turn, this means dealers need to make more than a normal bullion margin to make it worthwhile, as 500 pieces might take a year or so to sell. 

It may sound perverse, and counter intuitive, but 500 sovereigns or one ounce gold Britannias would typically turn over in one or two weeks, so margins can be small, and still give a better return on a annual percentage basis for capital invested.

As a quick example, when the first quarter sovereigns came out in 2009, we bought 500 proofs, and despite pricing them at prices similar to the bullion version, still had some residual stock of them about 3 years later.

Perhaps it's time we took another look.

😎

[modofantasma]

7 minutes ago, LawrenceChard said:

30% premium

Yes it's a bit out of my budget at that even for the novelty of the 2022 design

 

[paulmerton]

10 minutes ago, LawrenceChard said:

Perhaps it's time we took another look.

Seems a safe bet surely? As gold is a lot more expensive now, I'd have thought these would be a new entry point for a lot of people, plus this year's design is a bit special.

If you're feeling more adventurous, why not offer free postage on everything for a week and see whether it has a net benefit 😃

[LawrenceChard]

5 minutes ago, modofantasma said:

Yes it's a bit out of my budget at that even for the novelty of the 2022 design

 

"Yes it's a bit out of my budget"

What, 500 pieces? 😎

I notice that did include "free postage", but 25% would sound better to me for new 2022.

One slight disincentive to stocking the bullion quarter and half soveriegns, is when uninformed people leave a negative or poor feedback because of the typical scuffs on new RM coins, as they not unreasonably think that they will be "Mint Condition", an expression which has recently fallen into the need to be re-defined.

😎

 

 

[modofantasma]

1 minute ago, LawrenceChard said:

"Yes it's a bit out of my budget"

What, 500 pieces

Any number of pieces at the 30% premium

[modofantasma]

Definition. Proof : a copy (as of typeset text) made for examination or correction

A: a coin that is struck from a highly polished die on a polished planchet, is not intended for circulation, only minor scratches and if silver only moderate milk spotting 

Definition. Bullion: a coin that looks like it was kicked down the road all the way from Llantrisant to Blackpool 

Edited June 2, 2022 by modofantasma

[LawrenceChard]

5 minutes ago, paulmerton said:

Seems a safe bet surely? As gold is a lot more expensive now, I'd have thought these would be a new entry point for a lot of people, plus this year's design is a bit special.

If you're feeling more adventurous, why not offer free postage on everything for a week and see whether it has a net benefit 😃

We would make a loss on quite a few products, and...

... we often work at close to capacity on picking, packing, shipping, and...

... a high proportion of orders are not perfectly straightforward, for all sorts of varied reasons, almost too many to list.

😎

[StackemHigh]

8 hours ago, modofantasma said:

Specifically for this year? @StackemHigh

sorry! yes i'm looking at this year. 2022

 

[StackemHigh]

6 hours ago, LawrenceChard said:

 

 

The HGM prices work out ovr 30% premium for singles, which is not a great deal for secondary market, unless you can pick a date you want, and / or they are still minty.

The RM pricing for 2022 works out at just under 33% premium.

I can tell you that @ChardsCoinandBullionDealer did think about stocking them, and 2022 bullion half sovereigns, back in January, then again very recently.

I have done a previous post about them both.

The main problem is the relatively high Minimum Order Quantity, which happens to be 500 of each. As most people buying these only want 1 or 2 coins, and the premium for small coins is necessarily too high to be a good buy for most investors, they don't often sell in larger quantities. In turn, this means dealers need to make more than a normal bullion margin to make it worthwhile, as 500 pieces might take a year or so to sell. 

It may sound perverse, and counter intuitive, but 500 sovereigns or one ounce gold Britannias would typically turn over in one or two weeks, so margins can be small, and still give a better return on a annual percentage basis for capital invested.

As a quick example, when the first quarter sovereigns came out in 2009, we bought 500 proofs, and despite pricing them at prices similar to the bullion version, still had some residual stock of them about 3 years later.

Perhaps it's time we took another look.

😎

All my usual on-line retailers are out of stock. So some folk must have bought 'em all up.

@LawrenceChard might have missed the boat on this one. That boat has already left port and been involved in a strange boating accident!

Edited June 2, 2022 by StackemHigh

[LawrenceChard]

17 hours ago, StackemHigh said:

All my usual on-line retailers are out of stock. So some folk must have bought 'em all up.

@LawrenceChard might have missed the boat on this one. That boat has already left port and been involved in a strange boating accident!

 

17 hours ago, StackemHigh said:

sorry! yes i'm looking at this year. 2022

 

These are cheap

https://www.londonmintoffice.org/shop/quii-platinum-quarter-sov-bu

But you have to guess which country they are from, as it has been cunningly (did I spell that right?) on the photos.

😎

[paulmerton]

2 minutes ago, LawrenceChard said:

 

These are cheap

https://www.londonmintoffice.org/shop/quii-platinum-quarter-sov-bu

But you have to guess which country they are from, as it has been cunningly (did I spell that right?) on the photos.

😎

Gibraltar 

[TheShinyStuff]

2 minutes ago, LawrenceChard said:

 

These are cheap

https://www.londonmintoffice.org/shop/quii-platinum-quarter-sov-bu

But you have to guess which country they are from, as it has been cunningly (did I spell that right?) on the photos.

😎

I'm beginning to suspect that you don't particularly rate the London Mint Office...🤣🤣🤣

[LawrenceChard]

1 minute ago, paulmerton said:

Gibraltar 

Looks like we both guessed correctly!

Specifications

Metal:

Gold

Quality:

Brilliant Uncirculated

Weight:

1.84g

Diameter:

13.5mm

Issuing Authority:

Gibraltar

Denomination:

0.25 Sovereign

Year of issue:

2022

😎

1 minute ago, TheShinyStuff said:

I'm beginning to suspect that you don't particularly rate the London Mint Office...🤣🤣🤣

I rate them very highly for some things!

😎

[paulmerton]

1 minute ago, LawrenceChard said:

Looks like we both guessed correctly!

Specifications

Metal:

Gold

Quality:

Brilliant Uncirculated

Weight:

1.84g

Diameter:

13.5mm

Issuing Authority:

Gibraltar

Denomination:

0.25 Sovereign

Year of issue:

2022

😎

The only other country ending in TAR is QATAR and that didn't seem a likely bet!

[LawrenceChard]

30 minutes ago, paulmerton said:

The only other country ending in TAR is QATAR and that didn't seem a likely bet!

I guess Maltar doesn't count!

😎

[LawrenceChard]

On 03/06/2022 at 16:32, TheShinyStuff said:

I'm beginning to suspect that you don't particularly rate the London Mint Office...🤣🤣🤣

I probably should appreciate them more than I do, but...

We often get quite big "collections" which people have bought from LMO and / or some of the other Coin Marketing Companies. When we get them in, our staff usually groan when they see it. One of thier first jobs it to break the bad news to people gently, that their "investment" is only going worth half or less than they paid for it.

Sometimes people don't sell because "they are losing too much on it", which is doubly frustrating. They lost the money when they bought overpriced c**p, not when they came to sell it.

We offer fair and reasonable prices for it, more than they would get in most auctions, and although it is a source of cheap stock, some of it hangs around for ages before selling.

Our staff sometimes get quite upset about how much people have lost, and what garbage they have spent their money on. I think the same.

Edited June 7, 2022 by LawrenceChard

[TheShinyStuff]

12 minutes ago, LawrenceChard said:

I probably should appreciate them more than I do, but...

We often get quite big "collections" which people have bought from LMO and / or some of the other Coin Marketing Companies. When we get them in, our staff usually grown when they see it. One of thier first jobs it to break the bad news to people gently, that their "investment" is only going worth half or less than they paid for it.

Sometimes people don't sell because "they are losing too much on it", which is doubly frustrating. They lost the money when they bought overpriced c**p, not when they came to sell it.

We offer fair and reasonable prices for it, more than they would get in most auctions, and although it is a source of cheap stock, some of it hangs around for ages before selling.

Our staff sometimes get quite upset about how much people have lost, and what garbage they have spent their money on. I think the same.

Adds credence to my comment on the South African thread that there are unfortutely plenty of people more than  willing to profit at the expense of others. Imagine if all that malign effort was channelled I to doing something decent instead?

[Roy]

37 minutes ago, LawrenceChard said:

We often get quite big "collections" which people have bought from LMO and / or some of the other Coin Marketing Companies.

Often the elderly who are 'putting something away for the future' as either savings or inheritance.

The marketing is fierce, morally criminal.

[paulmerton]

44 minutes ago, Roy said:

Often the elderly who are 'putting something away for the future' as either savings or inheritance.

The marketing is fierce, morally criminal.

Topically, I just saw an ad for this, which is essentially a 1/10oz platinum bullion Britannia in a case for £295!

https://www.cpmcoins.com/p-VDK3/The-Queens-Platinum-Jubilee-2022-1%2f10oz-Platinum-DateStamp-Issue.aspx

[LawrenceChard]

1 hour ago, TheShinyStuff said:

Adds credence to my comment on the South African thread that there are unfortutely plenty of people more than  willing to profit at the expense of others. Imagine if all that malign effort was channelled I to doing something decent instead?

 

50 minutes ago, Roy said:

Often the elderly who are 'putting something away for the future' as either savings or inheritance.

The marketing is fierce, morally criminal.

 

1 minute ago, paulmerton said:

Topically, I just saw an ad for this, which is essentially a 1/10oz platinum bullion Britannia in a case for £295!

https://www.cpmcoins.com/p-VDK3/The-Queens-Platinum-Jubilee-2022-1%2f10oz-Platinum-DateStamp-Issue.aspx

Those comments are all relevant!

😎

[LemmyMcGregor]

I wanted one myself for the sake of having the year, the cheapest one I remember seeing was from Bullion By Post, and I didn't see many to begin with.

https://www.bullionbypost.co.uk/gold-coins/quarter-sovereign/2022-gold-quarter-sovereign/

From what I've seen there is very little market for these, nobody really discusses them and they hardly come up in the trading section, I would suspect because an invested gold buyer would most likely buy at least full sovereign, whereas folks on a budget tend to be more likely to gravitate towards silver, which gives the impression to buy more as, for the price of a gold coin which is smaller than a penny, you get 4 ounces of silver.