Advice for a novice?

[danieldorkins]

 As a newbie to this forum and coin collecting (I have introduced myself on the newcomers forum) I could do with a bit of advice, a bit of background, importantly, I am new at this and decided to invest a lump sum into gold, this has been refined (pun intended) into coins and mainly sovereigns, one or two gold Brittanias, I have been offered a set made up from individual coins, these are:

1 x 1994 1oz proof pf70 ultra cameo, 1 x 1994 1/2 oz proof pf69 ultra cameo, 1 x 1994 1/4 oz proof pf69 ultra cameo and 1 x 1994 1/10 oz proof pf67 ultra cameo

They are from a reputable dealer, my search finds very little availability and what is offered is at a higher price, nitty gritty, offered to me for sub £7000, I would really appreciate your thoughts and comments.

Thanks.

[Orpster]

Is it the same set as this but graded?:

https://www.ebay.co.uk/itm/155062976150?chn=ps&norover=1&mkevt=1&mkrid=710-134428-41853-0&mkcid=2&itemid=155062976150&targetid=293946777986&device=c&mktype=pla&googleloc=9046425&poi=&campaignid=17116423086&mkgroupid=134652533165&rlsatarget=pla-293946777986&abcId=9300856&merchantid=6995734&gclid=CjwKCAjwlqOXBhBqEiwA-hhitBTIZF9q9ClvX26VEuhj5g1G-yC3EghNwC3pKXgSTfaNeCytNoz6fRoCkVIQAvD_BwE

 

https://www.bullionbypost.co.uk/proof-sets/britannia-4-coin-sets/1994-proof-britannia-gold-4-coin-boxed-set/

https://www.chards.co.uk/gold-coins/gold-coin-sets/1994-gold-britannia-coin-set/678

 

Edited August 2, 2022 by Orpster

[James32]

27 minutes ago, danieldorkins said:

 As a newbie to this forum and coin collecting (I have introduced myself on the newcomers forum) I could do with a bit of advice, a bit of background, importantly, I am new at this and decided to invest a lump sum into gold, this has been refined (pun intended) into coins and mainly sovereigns, one or two gold Brittanias, I have been offered a set made up from individual coins, these are:

1 x 1994 1oz proof pf70 ultra cameo, 1 x 1994 1/2 oz proof pf69 ultra cameo, 1 x 1994 1/4 oz proof pf69 ultra cameo and 1 x 1994 1/10 oz proof pf67 ultra cameo

They are from a reputable dealer, my search finds very little availability and what is offered is at a higher price, nitty gritty, offered to me for sub £7000, I would really appreciate your thoughts and comments.

Thanks.

Run... run as fast as you can ( in the opposite direction)

Not an expert on proofs but let's try and play devil's advocate 

1/10 pf67😬 £250 is being generous 

1/4 pf69.. not bad but £500 is being generous 

1/2oz pf69 not bad but £1000 is being generous in my humble opinion 

1oz pf70 now we're taking lol... £2500 is dreaming but I'm trying to be generous 

£4250 total, so Where's the rest going?????

[Orpster]

4 minutes ago, James32 said:

Run... run as fast as you can ( in the opposite direction)

Not an expert on proofs but let's try and play devil's advocate 

1/10 pf67😬 £250 is being generous 

1/4 pf69.. not bad but £500 is being generous 

1/2oz pf69 not bad but £1000 is being generous in my humble opinion 

1oz pf70 now we're taking lol... £2500 is dreaming but I'm trying to be generous 

£4250 total, so Where's the rest going?????

Very generous I agree, I have a 1/2oz PF70 Britannia and I would happily part with that for £1k, and that one is the 2010 design which in my opinion is one of the best design years.  

[Dakaras]

This of course is just my opinion but if looking just to drop 7k into gold I wouldn't go proofs or graded proofs. If I had 7k to spend today I would go.

3 X 1oz bullion coins at say £1550 each then put the other £1350 into sovereigns.

Gives you some that can be liquidated quickly should funds demand as well as some low premium larger coins to hold for the long term.

All that assuming it's pure investment. Ignore this if looking to collect, but collectable coins can take longer to get your cash out and are a much bigger premium.

Just my opinion of course 

 

Edited August 2, 2022 by Dakaras

[James32]

Just now, Orpster said:

Very generous I agree, I have a 1/2oz PF70 Britannia and I would happily part with that for £1k, and that one is the 2010 design which in my opinion is one of the best design years.  

Yeah I was just trying to bulk out the price as best as I could, when I first read the total I was shocked 😲 

[James32]

1 minute ago, Dakaras said:

3 X 1oz bullion coins at say £1550 then put the other £1350 into sovereigns.

@danieldorkins this is where you should be looking 👆

[Dakaras]

2 minutes ago, James32 said:

@danieldorkins this is where you should be looking 👆

And if you asked on here I would be confident of getting that bundle at a really decent price 

[Orpster]

9 minutes ago, Dakaras said:

This of course is just my opinion but if looking just to drop 7k into gold I wouldn't go proofs or graded proofs. If I had 7k to spend today I would go.

3 X 1oz bullion coins at say £1550 each then put the other £1350 into sovereigns.

Gives you some that can be liquidated quickly should funds demand as well as some low premium larger coins to hold for the long term.

All that assuming it's pure investment. Ignore this if looking to collect, but collectable coins can take longer to get your cash out and are a much bigger premium.

Just my opinion of course 

 

Oh oh can I play - I would order 20 x 2022 sovereigns from Tavex  

[James32]

I would get..

1 x 1oz buffalo 

1 x 1oz Britannia 

1 x 1oz American eagle 

5 x 2022 bullion sovereigns 

Then spend the approximate £625 on a decent safe/scales/calipers/magnet and some whisky 😂

[Orpster]

1 minute ago, James32 said:

some whisky

I have some nice Teeling and a bottle of Red Breast, both made up the road from you I think

[Gordy]

Leave well alone, as someone who my or may not add content at some point who owns a little stall in Blackpool might say.

What makes them reputable? location? website? trading history, prices, etc.... i find reputable is what i would define by personal experience and if i had never bought from them, then you just simply dont know...

My first port of call with £7k to spend would be to get at least a silver membership on here so you can see the best deals straight away and not have to wait 3 days when they will have been lost at sea in a boating accident and be patient.

Watch the sales threads and see what comes along and if they fly off and sell within minutes then you my friend have found that good deal but be quick cos James32 has a team of snipers at his disposal and will no doubt beat you to it..

Sovs would be a good start though... leave the proofs alone until you have found your feet and know your path.

Its not a sprint... its a marathon and them some, check prices daily if you are looking to buy and enjoy all the fruits that come your way....

BTW..... Welcome aboard matey

[Darr3nG]

11 minutes ago, James32 said:

some whisky

Scotch? I'm hurt!  

[LawrenceChard]

5 hours ago, Orpster said:

Oh oh can I play - I would order 20 x 2022 sovereigns from Tavex  

Or 10 x 2022 Double sovereigns from a well-known Blackpool dealer!

😎

[LawrenceChard]

5 hours ago, danieldorkins said:

 As a newbie to this forum and coin collecting (I have introduced myself on the newcomers forum) I could do with a bit of advice, a bit of background, importantly, I am new at this and decided to invest a lump sum into gold, this has been refined (pun intended) into coins and mainly sovereigns, one or two gold Brittanias, I have been offered a set made up from individual coins, these are:

a, 1 x 1994 1/2 oz proof pf69 ultra cameo, 1 x 1994 1/4 oz proof pf69 ultra cameo and 1 x 1994 1/10 oz proof pf67 ultra cameo

They are from a reputable dealer, my search finds very little availability and what is offered is at a higher price, nitty gritty, offered to me for sub £7000, I would really appreciate your thoughts and comments.

Thanks.

If you buy that set, you will be investing in 1.85 troy ounces of gold.

Current spot gold = £1453.48 
x 1.85 = £2688.94 intrinsic, and buying about £4,300 worth of plastic slab.

If you want to invest in gold, then invest in gold!

I always advise people to state who they are thinking of or have bought from. That way others can better advise you more easily.

😎

[LawrenceChard]

5 hours ago, Orpster said:

Is it the same set as this but graded?:

https://www.ebay.co.uk/itm/155062976150?chn=ps&norover=1&mkevt=1&mkrid=710-134428-41853-0&mkcid=2&itemid=155062976150&targetid=293946777986&device=c&mktype=pla&googleloc=9046425&poi=&campaignid=17116423086&mkgroupid=134652533165&rlsatarget=pla-293946777986&abcId=9300856&merchantid=6995734&gclid=CjwKCAjwlqOXBhBqEiwA-hhitBTIZF9q9ClvX26VEuhj5g1G-yC3EghNwC3pKXgSTfaNeCytNoz6fRoCkVIQAvD_BwE

 

https://www.bullionbypost.co.uk/proof-sets/britannia-4-coin-sets/1994-proof-britannia-gold-4-coin-boxed-set/

https://www.chards.co.uk/gold-coins/gold-coin-sets/1994-gold-britannia-coin-set/678

 

Looks like it!

ebay £3250

BbP £3587

Chards £3493 but Out of Stock

All prices correct at time of posting.

 

[LawrenceChard]

5 hours ago, James32 said:

I would get...

... and some whisky 😂

 

4 hours ago, Darr3nG said:

Scotch? I'm hurt!  

But James Son would say whiskey.

Which would go down best / most?

Whisky, whiskey, slabbed gold Brit set premium?

😎

[dicker]

Leave the proofs - it is worth looking at the bother @Paul had selling his proofs…unless you really know what you are doing.

Buy coins that are highly liquid - basically Sovs or Brits at sane pct’s over spot.  If you want to swap for proofs later you won’t have any problem doing this.

 

 

[Paul]

3 minutes ago, dicker said:

Leave the proofs - it is worth looking at the bother @Paul had selling his proofs…unless you really know what you are doing.

Buy coins that are highly liquid - basically Sovs or Brits at sane pct’s over spot.  If you want to swap for proofs later you won’t have any problem doing this.

Thanks for the mention, it was @Pete who wrote up his proofs experience when selling via a none auction route 

 

[dicker]

Just now, Paul said:

Thanks for the mention, it was @Pete who wrote up his proofs experience when selling via a none auction route 

 

Oops apologies!

[GoldDiggerDave]

Load up on as many 2022 bullion sovereigns as you can comfortably afford to buy.  
 

How many of us wished we’d loaded up on  a few tubes of 2012 sovereigns back then.

[Paul]

Just now, dicker said:

Oops apologies!

I've still yet to experience, people not wanting my extra shiny, extra expensive proof. I'm sure it'll be part of the precious metals learning curve ! 

[Paul]

1 minute ago, GoldDiggerDave said:

Load up on as many 2022 bullion sovereigns as you can comfortably afford to buy.  
 

How many of us wished we’d loaded up on  a few tubes of 2012 sovereigns back then.

X5 2022 sovs were this month's purchase for me now I'm royal mint debt free again 

[dicker]

Gillicks work…

[Gordy]

50 minutes ago, dicker said:

Gillicks work…

my personal favs