A good deal?

[TommyTwoShots]

Hi forum friends,

I have been offered 9 full sovereigns and 65 quid for 150 silver Brits. Is this a good deal?

many thanks

[HerefordBullyun]

The question you need to ask how much did you pay for per brit?

6 minutes ago, TommyTwoShots said:

Hi forum friends,

I have been offered 9 full sovereigns and 65 quid for 150 silver Brits. Is this a good deal?

many thanks

Sovs  going for about 375 in decent condition but also depends on what they are.....

[Stuntman]

I think it's a good deal.  If I had the Brits and was looking to sell, I'd certainly take that deal.

[modofantasma]

Getting rid of silver and acquiring more gold bite their arm off. 

But is it a good deal see Bully's answer.

If you paid £15 an Oz for the Brits a few years back then to me it would be a no brainer. 

Consider if you'd be better selling the Brits and then just buying sovs from a dealer with the proceeds. Maybe you'd be a bit better off £ wise with some additional work on your part 

[TommyTwoShots]

Cheers guys, I’ll take the deal then.

[Orpster]

26 minutes ago, TommyTwoShots said:

Hi forum friends,

I have been offered 9 full sovereigns and 65 quid for 150 silver Brits. Is this a good deal?

many thanks

No mate, Brits are going for £24 so the cost is essentially £3665, over £407 per sovereign

You can sell your Brits on here for £24, buy 9 sovereigns for £380 and have a chunk of change

[ArgentSmith]

4 minutes ago, Orpster said:

No mate, Brits are going for £24 so the cost is essentially £3665, over £407 per sovereign

You can sell your Brits on here for £24, buy 9 sovereigns for £380 and have a chunk of change

Think guy with sovs is adding the 65

So working out at 392 per sov?

[Happypanda88]

So let's do some maths for private sales (this is how I understand the trade ) :-

9 x sovereigns (@£375 each) plus £65 cash =£3,440

150 x Silver Brits (@£23 each) =£3.450.

Seems like a fair exchange at today's prices if you're trading on the forum.

[Orpster]

1 minute ago, ArgentSmith said:

Think guy with sovs is adding the 65

Still no, makes the sovereigns £392.77 each, you can pick sovereigns up for £375-£380 without a problem

[Orpster]

1 minute ago, Happypanda88 said:

So let's do some maths for private sales (this is how I understand the trade ) :-

9 x sovereigns (@£375 each) plus £65 cash =£3,440

150 x Silver Brits (@£23 each) =£3.450.

Seems like a fair exchange at today's prices if you're trading on the forum.

Not seen a Brit at £23 for a while now, not since the bottom of the recent dip

Is a very close call on this one though if the chap is the one handing over the cash with the sovereigns.

What year are the Brits @TommyTwoShots?

[ArgentSmith]

Tavex have 2022s for £371 assuming tommy isnt after anything specific

[Orpster]

Best Values currently in stock at Britannia as well, £373 if you order >5.  They don't tend to hang around long though

https://britanniacoincompany.com/buy-coins/gold-coins/full-gold-sovereign-pre-owned-best-value/

[TommyTwoShots]

11 minutes ago, Orpster said:

Not seen a Brit at £23 for a while now, not since the bottom of the recent dip

Is a very close call on this one though if the chap is the one handing over the cash with the sovereigns.

What year are the Brits @TommyTwoShots?

Mixture of 2019-2022

[ArgentSmith]

£371.71 x 5 + 5 = £3410

3410/150 = 22.73 per brit 

Edited October 13, 2022 by ArgentSmith

[TommyTwoShots]

Cheers knowledgable people. Great advice as always. This place really is my go to place for bullion.

[Happypanda88]

4 minutes ago, ArgentSmith said:

£371.71 x 9 + 65 = £3410

3410/150 = 22.73 per brit 

Corrected for you.  Seems like your fingers are too big for the keyboard ! 😁

[Bigmarc]

I would take the deal as long as it didn't leave me silverless. If loosing 150 Britt's for gold and still leaving you with a nice balance then I would take it. 

[HerefordBullyun]

Just now, Bigmarc said:

I would take the deal as long as it didn't leave me silverless. If loosing 150 Britt's for gold and still leaving you with a nice balance then I would take it. 

mind you Gold just has been monkey hammered today!

[Bigmarc]

7 minutes ago, HerefordBullyun said:

mind you Gold just has been monkey hammered today!

Also sovereigns seem to be back in stock everywhere. I've just woken up, have I missed something, has the war ended?

[Silverlocks]

Looks like the £ must have gone up, because gold isn't down against the USD and both gold and silver have gone down. 

Edit: forget I said that.  Looks like gold is down against the USD as well.

Edited October 13, 2022 by Silverlocks

[HerefordBullyun]

17 minutes ago, Bigmarc said:

Also sovereigns seem to be back in stock everywhere. I've just woken up, have I missed something, has the war ended?

lol