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New Collector -Advice


BigOggie

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Good evening all,

Brand new to collecting and looking for advice/direction. Recently became father to twin girls and they were given a 1oz Silver Britannia from their grandad. I now want to purchase silver coins/bars as an investment for them rather than put the money into any sort of saving accounts.

I will be looking to spend £150 per month.

Questions,

1. should I buy coins or bars or both?

2. should I buy direct from online sites such as Bullion By Post?

3. can I buy silver coins/bars from individuals directly that are involved in this forum?

I’m sure I will have more questions in the future but will hope to gain knowledge through reading topics in this forum.

Look forward to help and guidance folks.

Cheers

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Welcome, if you do decide to buy/sell via the forum please make sure you have read the applicable Quickstart guide to trading as it contains useful and important information. 

Wanted listings most be posted in the trade sections only. Feel free to browse the items for sale there also. 

UK QuickStart Guide
EU QuickStart Guide
USA & Canada QuickStart Guide

There are also many many useful topics with new members with similar questions, please do feel free to do a search and check through the archives also :) 

My posts are my personal opinions, they do not constitute advice or financial advice.

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1 hour ago, BigOggie said:

Good evening all,

Brand new to collecting and looking for advice/direction. Recently became father to twin girls and they were given a 1oz Silver Britannia from their grandad. I now want to purchase silver coins/bars as an investment for them rather than put the money into any sort of saving accounts.

I will be looking to spend £150 per month.

Questions,

1. should I buy coins or bars or both?

2. should I buy direct from online sites such as Bullion By Post?

3. can I buy silver coins/bars from individuals directly that are involved in this forum?

I’m sure I will have more questions in the future but will hope to gain knowledge through reading topics in this forum.

Look forward to help and guidance folks.

Cheers

Hello bigoggie, bigmarc here. 

1. Coins, previously I have collected both and when it comes to sell they are more liquid. 

2. Probably best to look a little further than bullion by post. Tavex, chards, Atkinsons are some favourites here but all depends what's in stock.

3. The benefits of buying on here is you can see the actual coin you are going to purchase. 

Congratulations on the twins, I have two and our budgets are very similar. The only thing I would say is are you sure you want to sink it all into silver? 

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Welcome to the world of collecting/stacking/investing etc etc!

If you are purely buying silver as a future investment, then ideally you'll want to buy the coin or bar with the smallest premium. Generally speaking, you'll find this in sales and offers on the forum. 

As for the choice of coins or bars, i personally find that coins will have a lower premium, probably due to volume of production, popularity etc. But you'll possibly find that you fancy having a Britannia bar for a change (for example), or something a little more bespoke from some of the forum members such as @BackyardBullion

The forum members have feedback scores so that you can see those that are active and have positive feedback. I've dealt with quite a few in the past couple of months and they've been straightforward and stress free transactions.

Good luck with your investment.

Dave

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2 hours ago, BigOggie said:

Good evening all,

Brand new to collecting and looking for advice/direction. Recently became father to twin girls and they were given a 1oz Silver Britannia from their grandad. I now want to purchase silver coins/bars as an investment for them rather than put the money into any sort of saving accounts.

I will be looking to spend £150 per month.

Questions,

1. should I buy coins or bars or both?

2. should I buy direct from online sites such as Bullion By Post?

3. can I buy silver coins/bars from individuals directly that are involved in this forum?

I’m sure I will have more questions in the future but will hope to gain knowledge through reading topics in this forum.

Look forward to help and guidance folks.

Cheers

This is what I do. 

1: hold up the cash & buy more when it hits a low. Use the bullion by post charts. 
I have successfully bought on the last two bottoms (£15.30 I think), but  I understand charts/markets. 
Buy less when its relatively high and hold back cash to go all in if it dumps hard (ie. 2020 it hit £8 an ounce).

2: Personally I buy KG Umicore, Metalor or similar bars. good price, size and relatively sellable at short notice. 
Also has the advantage of being used as items to throw at people (if required) or as a doorstop for the next 20 years. 
but for core stuff to start buy easily flippable coins like Brits as you can also barter with them ITSHTF. 
Get some more desirable stuff. My peru & aztec gold I know will sell in seconds if required at a decent price. 
Having a good varied spread limits the risk especially if you take advantage of price dips.
20kg of just brits is very limiting!! consider some platinum if the price goes below £700. 

3: buy on here. dont need to go anywhere else but make sure they have decent feedback. 

4: I dont care about the capital gains tax stuff, but coins like Brittanias and queens beasts are best
you wont be rogered senseless if silver hits £200 an ounce. 

5: silver can coins milk spot & may tone - secure them properly in no air. I use airtight freezer bags and stuff. 
The above is the reason I buy KG bars now as I had a lot of milk spots from Brits thats I sold in the silver squeeze in 2021. 

6: if the spot gets lowe enough buy gold instead - less storage, its inert and real money! im in on £320 a SOV. 
Despite what people say i think thats possible soonish. ;) 

7: dont be too scared to sell it if it rockets up as it inevitably rockets back down again. 
I bet a lot of people are holding silver that was £2 an ounce.
Had they cashed out & bought A nasdaq ETF or etherium in 2020 they would be far more better off. 

8: dont keep all your eggs in one basket.
Get an extra income stream (especially passive) & buy other tangible assets. Depression resistant. 

9: Stay positive & remain neutral n matter what as people will reply on you for support. Dont loose sleep over it. 
Money does not matter at the end of the day as you cant take that with you when your dead but apparently souls/energy lives on. 

Edited by Stacktastic
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3 hours ago, BigOggie said:

Good evening all,

Brand new to collecting and looking for advice/direction. Recently became father to twin girls and they were given a 1oz Silver Britannia from their grandad. I now want to purchase silver coins/bars as an investment for them rather than put the money into any sort of saving accounts.

I will be looking to spend £150 per month.

Questions,

1. should I buy coins or bars or both?

2. should I buy direct from online sites such as Bullion By Post?

3. can I buy silver coins/bars from individuals directly that are involved in this forum?

I’m sure I will have more questions in the future but will hope to gain knowledge through reading topics in this forum.

Look forward to help and guidance folks.

Cheers

As you asked, my standard advice:

https://www.chards.co.uk/blog/advice-guide-for-uk-bullion-investors/1041

😎

 

Chards

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I might be interested in a 2023 1oz gold Britannia, were can I get one at a low price because some places are more expensive than others?

Do you know if there will be 2023 platinum Britannia?

Edited by Taikonaut
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10 hours ago, Taikonaut said:

I might be interested in a 2023 1oz gold Britannia, were can I get one at a low price because some places are more expensive than others?

Do you know if there will be 2023 platinum Britannia?

Here is a price comparison from a well known Blackpool dealer:

Price Comparison Against Other UK Bullion Dealers - Updated at 22-Oct-2022 07:50

Qty Chards (Excl Delivery) Chards (Inc Delivery) B* G* A BB SP UKB GER
1 £1,543.94 £1,550.94 £1,603.00 £1,601.00 £1,576.62 £1,556.25 £1,565.20 £1,594.54 £1,565.00
5 £1,538.08 £1,540.28 £1,599.00 £1,593.00 £1,573.27 £1,550.25 £1,562.38 £1,590.55 £1,562.00
10 £1,537.34 £1,538.94 £1,597.00 £1,589.00 £1,568.43 £1,550.25 £1,561.28 £1,588.16 £1,560.00
20 £1,535.88 £1,537.18 £1,594.00 £1,586.00 £1,565.57 £1,550.25 £1,561.28 £1,585.77 £1,558.00
50 £1,535.14 £1,536.38 £1,591.00 £1,582.00 £1,563.96 £1,550.25 £1,553.46 £1,583.38 £1,555.00
100 £1,533.68 £1,534.97 £1,589.00 £1,581.00 £1,561.97 £1,550.25 £1,549.54 £1,580.99 £1,548.00
200 £1,532.94 £1,534.09 £1,589.00 £1,581.00 £1,561.97 £1,550.25 £1,549.54 £1,580.99 £1,548.00

There is sure to be at least one 2023 platinum Britannia, possibly 1 x QEII, and 1 x Charles III.

😎

Chards

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1 hour ago, Taikonaut said:

Does that Blackpool dealer has the 1oz gold in stock?

I thought there might be a chance of Charles III Britanniin platinum next year but QEII not so sure.

 

Does that Blackpool dealer has the 1oz gold in stock?

Yes, but all sold and being shipped out, awaiting next delivery.

😎

Chards

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