Worth buying for investment purposes?

[AaaGee]

Or better to just get a sovereign?

https://www.londonmintoffice.org/silver-coins/silver-sovereign-2022-five-coin-set

 

[Petra]

They look awful. If you’re spending that much I think you should really Be looking at sovereigns etc.🤔😮

[stefffana]

Nope!

This is not an investment!

It is an indecent premium for this set, impossible to be recovered in the future!

[sixgun]

Might as well lock the thread now - there is nothing more to say.

[harrygill111]

Also VAT kills it

[AaaGee]

I must apologise. I am tired and bored.

Nite all 👋

[Anteater]

TBH the fact that the URL has "londonmintoffice" in it is a clue in itself

[Petra]

End of thread🤔😮🫢

[Happypanda88]

Bump 🤫

[Roy]

@LawrenceChard might add them to his collection.

 

[James32]

1 hour ago, AaaGee said:

Or better to just get a sovereign?

https://www.londonmintoffice.org/silver-coins/silver-sovereign-2022-five-coin-set

 

Honestly I echo almost everything above, except I will add I've the double sovereign in gold and I personally find it a nice coin. The gold counterparts can pop up cheap from time to time close to spot.

These silver ones are nothing but an extortionate mistake if investment is the purpose though.

 

 

[ZRPMs]

Just get a sovereign. Looks like when package arrives, it'll be wrapped in buyers remorse.  

[LawrenceChard]

1 hour ago, Roy said:

@LawrenceChard might add them to his collection.

 

I think I might "skip" that one!

😎

[Orpster]

Did not even click on the link - nothing London Mint sells is better than buying a sovereign

[AaaGee]

Thanks everyone for your input. Top of my list is a sovereign in the new year anyway. But with a thumbs up from you all, id have probably gone for a set in February. 

I'll swerve London Mint aswell if they're no good.

 

Thanks all👍

Edited December 21, 2022 by AaaGee
Bad spelling

[MonkeysUncle]

Defo avoid London Mint. Swerve the bullet and buy from Polo Mint, although I think those big holes mean they will not grade very high 😊

Edited December 21, 2022 by MonkeysUncle

[AaaGee]

Ive got to ask, whats up with london mint?

 

[Relm]

Priced way above what you could hope to get back when you sell

[Anteater]

43 minutes ago, AaaGee said:

Ive got to ask, whats up with london mint?

Probably not as bad as some, but still more in the 'advertise high-priced "collectables" to people who don't know what they're buying' market. Also note they're not a mint - "London Mint Office" might sound somewhat official but they're basically just a retailer.

[ShineyMagpie]

58 minutes ago, AaaGee said:

Ive got to ask, whats up with london mint?

 

I suppose less of an argument in this case but more relevant to original alternative and what @James32 also suggested the sovereign. These are not strictly coins, they are rounds no fiscal denomination. Where as the sovereign by the royal mint is a coin therefore is legal tender. Meaning its also Capital Gains Tax free should it come to that in the future. Hope that helps @AaaGee

[AaaGee]

9 minutes ago, ShineyMagpie said:

I suppose less of an argument in this case but more relevant to original alternative and what @James32 also suggested the sovereign. These are not strictly coins, they are rounds no fiscal denomination. Where as the sovereign by the royal mint is a coin therefore is legal tender. Meaning its also Capital Gains Tax free should it come to that in the future. Hope that helps @AaaGee

It does thanks. I do have and plan to buy more sovereigns over the next (maybe) 10 to 12 years. But its all about going towards my retirement. But want a bit of diversity aswell. Otherwise itll just be cold harted saving and no fun. BUT i dont want to buy anything I'll loose my shirt on. It coud happen anyway but i want to hedge my bets.

[Relm]

2 minutes ago, AaaGee said:

It does thanks. I do have and plan to buy more sovereigns over the next (maybe) 10 to 12 years. But its all about going towards my retirement. But want a bit of diversity aswell. Otherwise itll just be cold harted saving and no fun. BUT i dont want to buy anything I'll loose my shirt on. It coud happen anyway but i want to hedge my bets

A fair bit of diversity in sovereigns but I would mostly stick to buying stuff that is capital gains tax free anyway.  Especially with the proposed changes in the threshold.

[MonkeysUncle]

Aye, CGT allowance is MAHOOOOOSIVELY coming down. It'll be a mere 3 grand a year in the not too distant.

[Seasider]

2 hours ago, ShineyMagpie said:

I suppose less of an argument in this case but more relevant to original alternative and what @James32 also suggested the sovereign. These are not strictly coins, they are rounds no fiscal denomination. Where as the sovereign by the royal mint is a coin therefore is legal tender. Meaning its also Capital Gains Tax free should it come to that in the future. Hope that helps @AaaGee

Of course being subject to CGT may be quite useful when you make a massive loss selling them.😄

[ShineyMagpie]

9 hours ago, MonkeysUncle said:

Aye, CGT allowance is MAHOOOOOSIVELY coming down. It'll be a mere 3 grand a year in the not too distant.

Even more of a reason to get CGT free assets then 👍