Noob Sovereign Question

[RRH87]

Hi all, Sorry for the noob question.

Just trying to do some financial planning for the coming year buys. 

From what I can see online the next years sovs are usually announced and go on sale late in the current year. Do I need to be early to get one? Is there any benefit to being early or is it ok to grab one any time of the year? I'm assuming there's no limit on mintage and they are made in batches through the year, and the only consideration would be the movement on spot price?

Same for Brits?

Thanks, Richard

Edited October 24, 2022 by RRH87

[MonkeysUncle]

If you're thinking of bullion coins then you're spot on on all counts 

Proofs however are limited quantities and sell out quickly. 

[LawrenceChard]

6 minutes ago, RRH87 said:

Hi all, Sorry for the noob question.

Just trying to do some financial planning for the coming year buys. 

From what I can see online the next years sovs wre usually announced and go on sale late in the current year. Do I need to be early to get one? Is there any benefit to bring early or is it ok to grab one any time of the year? I'm assuming there's no limit on mintage and they are made in batches through the year, and the only consideration would be the movement on spot price?

Same for Brits?

Thanks, Richard

Hi all, Sorry for the noob question.

No need to apologise.

Just trying to do some financial planning for the coming year buys. 

From what I can see online the next years sovs wre usually announced and go on sale late in the current year.

Yes, usually, there are some changes for 2023.

Do I need to be early to get one?

No.

I presume you are talking about bullion ones.

Is there any benefit to bring early

No.

or is it ok to grab one any time of the year?

Yes

I'm assuming there's no limit on mintage

Not for bullion.

and they are made in batches through the year

More or less continuously.

, and the only consideration would be the movement on spot price?

Yes

Same for Brits?

Similar.

You may also find it worth reading this:

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

😎

[RRH87]

That's brilliant thank you both

[James32]

37 minutes ago, LawrenceChard said:

Hi all, Sorry for the noob question.

No need to apologise.

Just trying to do some financial planning for the coming year buys. 

From what I can see online the next years sovs wre usually announced and go on sale late in the current year.

Yes, usually, there are some changes for 2023.

Do I need to be early to get one?

No.

I presume you are talking about bullion ones.

Is there any benefit to bring early

No.

or is it ok to grab one any time of the year?

Yes

I'm assuming there's no limit on mintage

Not for bullion.

and they are made in batches through the year

More or less continuously.

, and the only consideration would be the movement on spot price?

Yes

Same for Brits?

Similar.

You may also find it worth reading this:

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

😎

@LawrenceChard that was beautiful and very uncharacteristically straightforward for you. I'm sitting here feeling all warm and fuzzy with pride ( possibility it could be high blood pressure though) 😅 

@RRH87 you won't go far wrong following @MonkeysUncle or  Lawrence's advice, the latter has been handling sovereigns since they had a 50 pence face value. 

Only thing I will add is.. never try and time the market, spread your buying out over the year ( little and semi often will keep you right) this way you will cost average yourself into a healthier position longterm. 

[asl]

Sorry to hijack the thread but I, too, have a noobish question about sovereigns. 

Is there anywhere (other than Ebay) I can find sovereigns from a specific year? I emailed several dealers but got no reply. 

Thanks 

[DrDave]

20 minutes ago, asl said:

Sorry to hijack the thread but I, too, have a noobish question about sovereigns. 

Is there anywhere (other than Ebay) I can find sovereigns from a specific year? I emailed several dealers but got no reply. 

Thanks 

Best place for a specific year is on here probably.

Just post a wanted ad in the 'buy and sell' section, and hopefully one of our many thousands of members will be able to fulfil your wish!

Good luck

[LawrenceChard]

10 hours ago, James32 said:

@LawrenceChard that was beautiful and very uncharacteristically straightforward for you. I'm sitting here feeling all warm and fuzzy with pride ( possibility it could be high blood pressure though) 😅 

@RRH87 you won't go far wrong following @MonkeysUncle or  Lawrence's advice, the latter has been handling sovereigns since they had a 50 pence face value. 

Only thing I will add is.. never try and time the market, spread your buying out over the year ( little and semi often will keep you right) this way you will cost average yourself into a healthier position longterm. 

Thanks.

I missed out a few small details, to save time.

I actually disagree slightly with "timing", and would add that if and when you see a "dip" then buy into it. Don't wait to see how much lower it will go, and if it does go lower, then buy more. Also if there is a big "spike", then go on a buyer's strike until it subsides. Otherwise the advice about spreading is quite sound, and you end up with some cost-averaging. The main problem with trying to guess the market is indecision; you spend so long waiting for the right moment that you miss it.

There are many differing views on TSF, and most of them are worth thinking about, before making you own decisions.

😎

[LawrenceChard]

57 minutes ago, asl said:

Sorry to hijack the thread but I, too, have a noobish question about sovereigns. 

Is there anywhere (other than Ebay) I can find sovereigns from a specific year? I emailed several dealers but got no reply. 

Thanks 

Ebay is probably the worst place an inexperienced person could buy soverigns of any other coins.

I am assured by a number of people that some coins on ebay are genuine, and that there are some honest sellers, but the fakes, crooks, and scammers seem to be in the majority.

Even if you do buy a genuine coin on ebay, you will probably pay too much, unless you are very lucky.

@DrDave's advice is good, but there are also many good dealers. They are all likely to be busy.

You mention "sovereigns from a specific year", but don't mention which specific year or years.

😎

[AaaGee]

How do you spot a dip? Look at graphs for daily,weekly,monthly,hourly?

[StackemHigh]

I'm looking for an old chard sovereign page with years available and mintages. @LawrenceChard can you help? I can't find the page anymore. Ta much.

[LawrenceChard]

27 minutes ago, AaaGee said:

How do you spot a dip? Look at graphs for daily,weekly,monthly,hourly?

Any and all of those, plus minutes sometimes.

Of course, that requires time and effort, so "averaging" might be best for many people.

It also helps to try to understand why there was / is a dip, or whether it is the start of a long term drop. 

During the past 50 days, there were a few "obvious" things which would / did influence markets, including the Truss / Kwarteng mini-budget. I correctly "called" a few occasions when there were short term movements which I guessed would reverse within hours or days. I am not always right, so try for 100% success, and you will never act, 55+% right is OK, but 90% would always be better.

I generally use the graphs on one of our pages:

https://www.chards.co.uk/gold-price/gold-price-per-ounce

and look at a few different time periods.

I also look at our Gold:Silver ratio page, and also Silver itself.

I could have given an alternative answer:

"Years of experience"!

😎

[LawrenceChard]

31 minutes ago, StackemHigh said:

I'm looking for an old chard sovereign page with years available and mintages. @LawrenceChard can you help? I can't find the page anymore. Ta much.

This page should help:

https://goldsovereigns.co.uk/datesexist.html

Although as you will see, we have not updated it since 2016. There is an equivalent page on our chards.co.uk site

https://www.chards.co.uk/blog/sovereign-list-all-dates/139

But, in my opinion, it is not yet as good as our old page.

On our old site, we used a navigation structure, and majored on information. Because some people complained there was too much information on our old sites, making it too difficult to just buy something, we made our new site different, making more use of "search". 

One day we may perfect it, but then the world will change...

... or end!

😎

[Silverlocks]

2 minutes ago, LawrenceChard said:

[ . . . ]

But, in my opinion, it is not yet as good as our old page.

On our old site, we used a navigation structure, and majored on information. Because some people complained there was too much information on our old sites, making it too difficult to just buy something, we made our new site different, making more use of "search". 

One day we may perfect it, but then the world will change...

... or end!

😎

As the saying goes, you can please some of the people all of the time or all of the people some of the time, but you can't please all of the people all of the time.  Web site design exemplifies this principle - no matter what you do, someone will always be moaning about some aspect of it.

[LawrenceChard]

1 minute ago, Silverlocks said:

As the saying goes, you can please some of the people all of the time or all of the people some of the time, but you can't please all of the people all of the time.  Web site design exemplifies this principle - no matter what you do, someone will always be moaning about some aspect of it.

A very wise observation!

😎

[Silverlocks]

20 minutes ago, LawrenceChard said:

A very wise observation!

😎

'twas ever thus.

From a couple of decades spent designing management and financial data platforms, my experience is that it's best to form your opinions and run with that and just be prepared to be wrong on occasion.  If you go around asking what people want, they will almost always come up with variants of 'faster horses' - and no two will agree.  By all means consult, but consultation isn't ever going to be a substitute for thinking.

TL;DR: Opinions are like arsëholes.  Everybody has one.

Edited October 25, 2022 by Silverlocks

[James32]

1 hour ago, LawrenceChard said:

Thanks.

I missed out a few small details, to save time.

I actually disagree slightly with "timing", and would add that if and when you see a "dip" then buy into it. Don't wait to see how much lower it will go, and if it does go lower, then buy more. Also if there is a big "spike", then go on a buyer's strike until it subsides. Otherwise the advice about spreading is quite sound, and you end up with some cost-averaging. The main problem with trying to guess the market is indecision; you spend so long waiting for the right moment that you miss it.

There are many differing views on TSF, and most of them are worth thinking about, before making you own decisions.

😎

Great extra points 👍 

[LawrenceChard]

20 minutes ago, Silverlocks said:

'twas ever thus.

From a couple of decades spent designing management and financial data platforms, my experience is that it's best to form your opinions and run with that and just be prepared to be wrong on occasion.  If you go around asking what people want, they will almost always come up with variants of 'faster horses' - and no two will agree.  By all means consult, but consultation isn't ever going to be a substitute for thinking.

TL;DR: Opinions are like arsëholes.  Everybody has one.

I guess the umlaut was to circumvent TSF auto-censor.

"Everybody has one."

Some people are one!

😎

[LawrenceChard]

9 minutes ago, James32 said:

Great extra points 👍 

We should form a mutual appreciation society!

😎

[Silverlocks]

10 minutes ago, LawrenceChard said:

I guess the umlaut was to circumvent TSF auto-censor.

I couldn't possibly comment . . .

10 minutes ago, LawrenceChard said:

[ . . . ]

Some people are one!

😎

Dealing with ʂəʅȯɥəʂʁɐ is an important life skill.  Sadly I am very bad at it.

By the way, how was the junket to Portugal?

Edited October 25, 2022 by Silverlocks

[LawrenceChard]

19 minutes ago, Silverlocks said:

I couldn't possibly comment . . .

Dealing with ʂəʅȯɥəʂʁɐ is an important life skill.  Sadly I am very bad at it.

By the way, how was the junket to Portugal?

Looking up HTML codes for obscure alphabets and symbols is also a great life skill.

Portugal was good.

My colleague Ian did most of the hard work, with lots of important meetings. I also joined in a few which were also productive or potentially so.

One of the people there was a merchant banker who pulled the trigger on Lehmann Brothers, saving his bank $$$$$$, before Lehmann collapsed.

😎

[Silverlocks]

18 minutes ago, LawrenceChard said:

Looking up HTML codes for obscure alphabets and symbols is also a great life skill.

Nothing so sophisticated.  Just the character map application that comes with Windows.

Could be worse - a̶̝̼̦̰ͣͨ́̇̔᷉r̷̡̫̬̳͇̮̹͓̭ͭ́̿͞s̶̢̢̢̪̻̬̜̦͚ͬͮ͢͠ĕ̴᷿̻͔᷊̟̼̮̗̠̾̎̔ͫͬ͘ẖ̵̨̛͉̜̙ͮ́͐︡̈́ơ̶̩᷂̗̲̟̻̗͊᷀̔ͧ̈᷅̌̾͜l̴̺̲͈͎̲᷊̟̽́̈͂̓̕͜e̴̗̫͕̙͔̞︠ͥ͟͟ş̵᷂͕ͮͥ͆

[MonkeysUncle]

9 hours ago, asl said:

Sorry to hijack the thread but I, too, have a noobish question about sovereigns. 

Is there anywhere (other than Ebay) I can find sovereigns from a specific year? I emailed several dealers but got no reply. 

Thanks 

Try checking the websites of the likes of Bullion By Post and Chards would be a good starting point. 

BBP are not known for being cheap, but tend to have a lot of variety of metal. The Blackpool folk tend not to demand so many of your pound notes as BBP.

A wanted ad on here as previously suggested would be my first port of call. Why pay dealer premiums if a fellow stacker/ collector/ hoarder has what you desire and isn't trying to line their pockets so much!

I would avoid buying gold on ebay at all costs unless the seller is known to you. Way too much gold that is as as genuine as a £9 note on ebay. And a lot of it is priced so high Mr Chard would do a double take!

And if you do want to buy off of a bloke on ebay then try and deal away from ebay - ebay likes to make a lot of money from fine folk flogging stuff. But absolutely only if you know the bloke isn't called Derek and doesn't drive a yellow van and doesn't live in a council flat in Peckham!

[MonkeysUncle]

7 hours ago, LawrenceChard said:

https://goldsovereigns.co.uk/datesexist.html

Sexist dates?

I'm sure there's some comedy value to be had here m'lud!

[LawrenceChard]

3 hours ago, MonkeysUncle said:

Try checking the websites of the likes of Bullion By Post and Chards would be a good starting point. 

BBP are not known for being cheap, but tend to have a lot of variety of metal. The Blackpool folk tend not to demand so many of your pound notes as BBP.

A wanted ad on here as previously suggested would be my first port of call. Why pay dealer premiums if a fellow stacker/ collector/ hoarder has what you desire and isn't trying to line their pockets so much!

I would avoid buying gold on ebay at all costs unless the seller is known to you. Way too much gold that is as as genuine as a £9 note on ebay. And a lot of it is priced so high Mr Chard would do a double take!

And if you do want to buy off of a bloke on ebay then try and deal away from ebay - ebay likes to make a lot of money from fine folk flogging stuff. But absolutely only if you know the bloke isn't called Derek and doesn't drive a yellow van and doesn't live in a council flat in Peckham!

Try checking the websites of the likes of Bullion By Post ❌ and Chards ✔ would be a good starting point. 

BBP are not known for being cheap ✔, but tend to have a lot of variety of metal. The Blackpool folk tend not to demand so many of your pound notes as BBP. ✔

A wanted ad on here as previously suggested would be my first port of call. ✔ Why pay dealer premiums if a fellow stacker/ collector/ hoarder has what you desire and isn't trying to line their pockets so much! ✔

I would avoid buying gold on ebay at all costs unless the seller is known to you. ✔ Way too much gold that is as as genuine as a £9 note on ebay.✔ And a lot of it is priced so high Mr Chard would do a double take!✔

And if you do want to buy off of a bloke on ebay then try and deal away from ebay - ebay likes to make a lot of money from fine folk flogging stuff. ✔ But absolutely only if you know the bloke isn't called Derek and doesn't drive a yellow van and doesn't live in a council flat in Peckham!

I think I would trust Del Boy more than anyone on ebay, and defo more than ebay the company!

😎