Resale of gold coins or bars

[Mightymogs]

Evening all,

Just wondering, in people's opinions which is a better purchase for future resale.. coins or bars? Bars clearly offer better value for money in terms of being closer to spot, but coins seem to sell well. I'm just wondering which would be better to stack for 15-20 years? I'm pretty sure this will be a chalk and cheese discussion, but you views are appreciated.

[dicker]

Take a look at the forum - discussed many times before.  Consider:

- Tax

- Liquidity

- Any numismatic value

@LawrenceChard Used to have a page titled something along the lines of “Why buy circular bars”.  Worth googling because if it exists still, it answers your question.

Best

Dicker

[Tn21]

I reckon in 15 to 20 years gold in any format will be sought after and hard to get hold of in the physical format. 
 

coins have the added benefit of being cgt exempt (sovs and brits).

I say get what ever you like and feel comfortable buying, a mixture of both coins and bars can’t do any harm. 
 

What ever you decide to do I think it is very important you enjoy life/wealth or pass it on. I cry when I read stories on gold being found in the cupboard or behind a piano. 

 

 

[Mightymogs]

16 minutes ago, Tn21 said:

I reckon in 15 to 20 years gold in any format will be sought after and hard to get hold of in the physical format. 
 

coins have the added benefit of being cgt exempt (sovs and brits).

I say get what ever you like and feel comfortable buying, a mixture of both coins and bars can’t do any harm. 
 

What ever you decide to do I think it is very important you enjoy life/wealth or pass it on. I cry when I read stories on gold being found in the cupboard or behind a piano. 

 

 

Wise words indeed 😁👍

[modofantasma]

My opinion: I'd choose coins by a long shot. 

[Mightymogs]

17 minutes ago, dicker said:

Take a look at the forum - discussed many times before.  Consider:

- Tax

- Liquidity

- Any numismatic value

@LawrenceChard Used to have a page titled something along the lines of “Why buy circular bars”.  Worth googling because if it exists still, it answers your question.

Best

Dicker

Sorry for that Dicker, I did take a look, clearly not hard enough 😉 I'll try to find Mr Chards page 👍

[dicker]

5 minutes ago, Mightymogs said:

Sorry for that Dicker, I did take a look, clearly not hard enough 😉 I'll try to find Mr Chards page 👍

Don’t worry or apologise - I was a little short of time but wanted to help!

Best

Dicker

[GoldStatue]

For me coins all the way when it comes to liquidity for re-selling, Sovereigns or Britannia's, they are just so well known in the UK.

Certain gold bars have a reputation for being faked, like the Lady Fortuna PAMP Suisse bars, ebay is probably flooded with them!

I guess ultimately as long as you have a little something tucked away no matter if its coins or bars you are on the right track 👍

[Mightymogs]

41 minutes ago, GoldStatue said:

For me coins all the way when it comes to liquidity for re-selling, Sovereigns or Britannia's, they are just so well known in the UK.

Certain gold bars have a reputation for being faked, like the Lady Fortuna PAMP Suisse bars, ebay is probably flooded with them!

I guess ultimately as long as you have a little something tucked away no matter if its coins or bars you are on the right track 👍

Good stuff, the only thing I need to get my head around is that gold is so much smaller than silver 😜

[LawrenceChard]

2 hours ago, dicker said:

Take a look at the forum - discussed many times before.  Consider:

- Tax

- Liquidity

- Any numismatic value

@LawrenceChard Used to have a page titled something along the lines of “Why buy circular bars”.  Worth googling because if it exists still, it answers your question.

Best

Dicker

It is probably this one:

https://taxfreegold.co.uk/coinsorbars.html

Written about 20 year ago, but still relevant.

😎

[LawrenceChard]

1 hour ago, GoldStatue said:

For me coins all the way when it comes to liquidity for re-selling, Sovereigns or Britannia's, they are just so well known in the UK.

Certain gold bars have a reputation for being faked, like the Lady Fortuna PAMP Suisse bars, ebay is probably flooded with them!

I guess ultimately as long as you have a little something tucked away no matter if its coins or bars you are on the right track 👍

Gold Britannias?

Never even existed until 1997!

Now, gold sovereigns, famous since 1489!

There are fake sovereigns of course, just like there are fakes of almost everything.

It's worth knowing who you are buying from.

😎

Edited August 19, 2022 by LawrenceChard

[SidS]

2 minutes ago, LawrenceChard said:

There are fake sovereigns of course, just like there are fakes of almost everything.

😎

Always makes me wonder if someone ever wanted to buy a fake coin and got duped by a real one and thought... Aw shucks.

[SidS]

I'd always pick coins over bars - diversity is key. The more potential buyers, the easier it will be to sell.

[LawrenceChard]

4 minutes ago, SidS said:

Always makes me wonder if someone ever wanted to buy a fake coin and got duped by a real one and thought... Aw shucks.

Actually yes,  it has probably happened. 

Contemporary counterfeit George III halfpennies, pre 1799, are quite collectable, and often sell for more than genuine ones!

😎

[Foster88]

On 19/08/2022 at 21:28, LawrenceChard said:

Gold Britannias?

Never even existed until 1997!

😎

Did you mean 1987? 

https://www.chards.co.uk/1987-gold-britannia-one-ounce-bullion-coin/1112

[LawrenceChard]

2 hours ago, Foster88 said:

Did you mean 1987? 

https://www.chards.co.uk/1987-gold-britannia-one-ounce-bullion-coin/1112

Probably.

That's a great source!

😎

[Foster88]

3 hours ago, LawrenceChard said:

Probably.

That's a great source!

😎

I could have used any relevant source to link to but I thought I’d use one you might have heard of. 😆

[LawrenceChard]

5 hours ago, Foster88 said:

I could have used any relevant source to link to but I thought I’d use one you might have heard of. 😆

and trusted!

😎

[dragafem]

I would go with bars.If you are thinking long term investment coins can get damaged in many ways so can capsules.Some capsules are impossible to replace. Most buyers dislike toned silver coins(which could happen over the years) but collectors prefer toned and banged up bars:)

Most of us as newbies started off with collecting coins as they are nice and shiny but soon almost all moved to bars.

 

Good luck with your stacking:)

[SidS]

2 hours ago, dragafem said:

Most buyers dislike toned silver coins...

I love toned silver. I didn't used to.

A coin dealer said to me many years ago, "The appreciation of toned coins comes with time and experience" - I thought, "Nah! Never gonna happen."

Well I guess I was wrong. I've seen too many polished coins for my liking, utterly ruined. So coins with a bit of grime and dirt seem honest now.

[LawrenceChard]

5 hours ago, dragafem said:

I would go with bars.If you are thinking long term investment coins can get damaged in many ways so can capsules.Some capsules are impossible to replace. Most buyers dislike toned silver coins(which could happen over the years) but collectors prefer toned and banged up bars:)

Most of us as newbies started off with collecting coins as they are nice and shiny but soon almost all moved to bars.

 

Good luck with your stacking:)

Bars have no advantage over coins, except they can be cheaper to buy.

Most people including dealers are less enthusiastic about buying bars than coins, so you may get lower prices when selling.

Most British coins are exempt from CGT when selling, so even if this does not directly affect you, other people may be keener to buy them than bars or foreign coins.

😎

[ArgentSmith]

EDIT: sorry thought we were talking about silver 🤐

Edited August 22, 2022 by ArgentSmith