New Year's Resolutions?

[Roy]

It's that time of year again!

Any resolutions for 2023, precious metal related of course!

I'll kick it off: No more modern coins from the Royal Mint. I stopped with the memorial sovereigns and the 2023 QE2 Britannias, and that's that. You have to draw a line somewhere eh?

I'm not stopping gold purchases however, I'll concentrate on improving my Britannia collection and perhaps pick up a few more 19thC half sovereigns.

 

[James32]

I've a few.

1) most important is to only buy from already proven "to me" trusted members/sellers. nothing personal, but sometimes I feel like I'm in the twilight zone on here.

2) continue the Tudor beast's in both 1/4 and 1oz

3) get more sovereigns to add variety. 

4) in-between times, I will ignore all of the above and do the opposite 😆 

[Leonmarsh]

Not get bummed on prices and Buying coins high to sell low 

Edited January 1, 2023 by Leonmarsh

[COBRASTACKER]

1)collect more sovereign 

2) collect more gold and silver brits

3) don’t get taken in by silver coins that I like the look off lmao 

4) attempt to start a YouTube channel following my journey 

5) meet more decent like minded people on tsf 

[AaaGee]

Try and buy smarter and keep to a sensible budget.

[JamesH]

Stick to the plan. Boring works. Don’t get distracted. Spread the spend and don’t buy too much in one go

[Silverlocks]

My stacking appetite for this year is based on a strategy of items that could be flogged on the secondary market (i.e. here) or offloaded to a dealer in bulk if needed without taking too much of a bath on the premium:

• Sovs - mostly bullion preferring quality and liquidity over rarity.  EF George beats a badly worn shield. Mostly aiming to get moderately desirable bullion pieces that can sell quickly.   It might be worth paying a little over bullion for higher value items like a shield if the price is something I'm confident I can recover here in a quick sale. 
• 1oz bullion - mostly CGT exempt.
• Maybe get one or more bars in the 1oz-50g range - probably cast as one can demo acid tests and suchlike.  
• I have a small number of fractional bars - move these to Indonesia where stacking is more centred around fractional bars.  Probably buy a bit more in Indonesia as an emergency fund for the fam. 
• Maybe a unity box or combi bar for fine-grained sales if necessary.
• A bit of silver, mostly collectibles such as Perth Mint or Germania.

Looking to average £1,000/month or thereabouts while working.  Recession is a wildcard but I was OK across 2008-9.  Some other related items are:

Spin up a SIPP and combine existing pension onto it.  Probably go precious metal heavy in the SIPP until the major indexes look like they've bottomed and started climbing again.  Once I've got enough physical (maybe 20-30 oz over the next few years) switch to mainly stacking in the SIPP.

Continue poking around with photography.  With some very kind help from @Charliemouse I've got some options for secondhand kit that could be used for macro photography without breaking the piggy bank or compromising too much gold.

 

[modofantasma]

In terms of PM related resolutions...

1 - Try and catch @James32s gold stack, I'm not quite counting in tons get though.

2 - Stack bullion sovs ideally, 1 oz if premiums are lower. 

3 - Continue on Tudor Beasts golds

 

[James32]

2 minutes ago, modofantasma said:

In terms of PM related resolutions...

1 - Try and catch @James32s gold stack, I'm not quite counting in tons get though.

2 - Stack bullion sovs ideally, 1 oz if premiums are lower. 

3 - Continue on Tudor Beasts golds

 

I want to be like you when I grow up 😁

[Silverlocks]

30 minutes ago, James32 said:

I want to be like you when I grow up 😁

Never grow up.  We love you just the way you are.

[SeatonKev]

1. Kick the habit of joining queues on the Royal Mint website when I have no intention of buying owt, then end up buying stuff.

2. Resist all the tempting silver up for sale here until I hit my gold target for the year.

3. Buy no more proof sovereigns.

4. Buy more standard sovereigns.

5. Buy a 2019, 2020 and 2023 sovereign to get my granddaughters date run up to date .

6. Sell some of the silver coins I bought when joining Royal Mint queues with no intention of buying owt. 

 

[Stuntman]

Bullion sovereign, bullion double sovereign and two or three 1 oz gold bullion coins would do me nicely for this year.

[Paul]

Myself

1.  Stop buying any RM new releases, (with the exception of next Great Engravers 2oz gold coin to keep the series going ) and stop being drawn into all the hype and participating in queues etc on launch day 

2.  Looking to add "quality" over quantity this year.  Going to look to pay a bit more for better graded, dearer coins (most likely rare/variant year proof sovereigns as seems to be a continued trend of steadily rising annually 

3.  Full exit all my silver coins by Easter, sick of waiting over a decade for £50+oz so physical silver coins can hit the bricks for me.  I will just stack via bullionvault if i choose to re-enter silver market again

4.  As and when budget allows, hopefully pick up "unpopular" fairly priced graded coins from coin cabinet, coin of realm auctions or here on forum 

[Fenlander1]

For me it's cut back on the silver.

More gold but sensible buys (sovs, krugs, 1oz brits ect.

Build my feedback in case I need an exit.

[Bigmarc]

Going to visit other coin fairs other than London. 

Budget still the same. have ponderd the idea of a gold queen's beast collection, not really the way I usually go but like the idea.

[dicker]

Continue with my collection of Aussie Branch mint Half Sovs (in any grade)

Keep going with collecting interesting and decently priced Victoria Sovs - with a focus on oddities / errors

Dont get tempted with any new issues!

[SidS]

Stop running backwards and forwards to the silver buffet, buying stuff I don't need. Like Bruce Willis said to Arnold Schwarzenegger in Expendibles 2, "You've been back enough".

So I'll sort out my English monarchs set and then maybe, maybe buy some gold. There I've said it... and it hurt. 😉

Edited January 2, 2023 by SidS

[dicker]

18 hours ago, Roy said:

It's that time of year again!

Any resolutions for 2023, precious metal related of course!

I'll kick it off: No more modern coins from the Royal Mint. I stopped with the memorial sovereigns and the 2023 QE2 Britannias, and that's that. You have to draw a line somewhere eh?

I'm not stopping gold purchases however, I'll concentrate on improving my Britannia collection and perhaps pick up a few more 19thC half sovereigns.

 

Collecting the back catalogue of Britannias is very worthwhile in my opinion.  Nice coins and not silly prices.

[AppleZippoandMetronome]

I'd really like to start and pursue a new collection. Perhaps silver proof round £1 coins as I've been humming and hawing over them for quite some time. I will carry on doing what I've done the last few years which is adding decent priced gold and silver to the stack but it would be nice to find some more joy in the hobby by way of pursuing a subject that I enjoy. Something that I wouldn't be doing for the sake of future value but just for the enjoyment of it. I think I've done too little of that in recent years and it would be a good way to pump some fun back into this hobby for me.

[dicker]

9 minutes ago, AppleZippoandMetronome said:

I'd really like to start and pursue a new collection. Perhaps silver proof round £1 coins as I've been humming and hawing over them for quite some time. I will carry on doing what I've done the last few years which is adding decent priced gold and silver to the stack but it would be nice to find some more joy in the hobby by way of pursuing a subject that I enjoy. Something that I wouldn't be doing for the sake of future value but just for the enjoyment of it. I think I've done too little of that in recent years and it would be a good way to pump some fun back into this hobby for me.

The round pound (either normal or Piedfort) is very rewarding to collect.  There are a handful that were only ever released in sets so are exceptionally hard to find.  I’m out and don’t have my spreadsheet with me but @PapaLazarou might be able to confirm which the really hard to find ones are, as we discussed 

A couple of mine have toning but that’s the way I bought them. 
 

Best

Dicker

[SidS]

1 hour ago, dicker said:

The round pound (either normal or Piedfort) is very rewarding to collect.  There are a handful that were only ever released in sets so are exceptionally hard to find.  I’m out and don’t have my spreadsheet with me but @PapaLazarou might be able to confirm which the really hard to find ones are, as we discussed

I always thought about getting a 1988 one, it was always my favourite even for such an underwhelming design. The circulation issue was such a seldom seen coin in circulation.

[AppleZippoandMetronome]

6 hours ago, dicker said:

The round pound (either normal or Piedfort) is very rewarding to collect.  There are a handful that were only ever released in sets so are exceptionally hard to find.  I’m out and don’t have my spreadsheet with me but @PapaLazarou might be able to confirm which the really hard to find ones are, as we discussed 

A couple of mine have toning but that’s the way I bought them. 
 

Best

Dicker

I thank you kindly for that information. Whilst I've yet to look into it seriously I figured from previous collections I've started that there were bound to be a few that are hard to get... just a fun part of the chase!

The round pound is a coin that I've always felt a great deal of affection for. Moving over to the UK from Canada the round pound was completely unlike any other coin I'd come across before with its relative small diameter yet thick, chunky feel. Combine that with the fact you could pull a handful of them out of your pocket and be presented with what felt at the time an almost endless opportunity to learn about the iconography of the UK...  they just felt magical. I've seen it stated before that you can learn a lot from a country by studying its coins and never have I felt that applies more than it did when the various versions of the round pound were circulating. I've saved a bunch of them that I got in change including some of the very first that were ever put in my hand. It certainly feels about time I begin to pursue this as a collection.

[flyingveepixie]

New Years resolutions (not PM related) : Dry January and Dry February.

PM related : my only modest ambitions this year are to pick up a couple of bullion King Chick Sovs when they come out but if the gold price keeps rising I might have to amend that wish lol...

Edited January 3, 2023 by flyingveepixie

[AndrewSL76]

For me:

1. Keep on putting bullion sovereigns in tubes as often as I can (when offered or found at close to spot);

2. Maintain the half sovereign collection - mainly through grading with PCGS;

4. Finally work out what to do with the 10p trial piece I have had for a few years that not even the Royal Mint can offer a definitive explanation for; and

7. Learn how to count.

[Solachesis]

Don't succumb to FOMO, and think to myself "Do I really want this coin? Would I be happy if I can't sell it for a while?" Only yes I will buy.