First gold purchase

[MonkeysUncle]

8 hours ago, SheepStacker said:

Like a fox on ice.

But I feel we're derailing this thread with our whimsical banter, let's drag it, kicking and screaming, back on topic.

Blister bad. Raw good.

Blister = that nasty plastic that Greta loves, plus some glue and a bit of ex-tree. Blister bad. But not as bad as British Government...

[MonkeysUncle]

8 hours ago, SheepStacker said:

Who?

Hong Kong Phooey.

[Orpster]

9 hours ago, SheepStacker said:

People are idiots

I have sold 287 coins and bars since April last year, a lot on here and one thing I can tell you for certain, its easier to sell coins still in packaging, I suspect because:

* The buyer can be surer the coin in genuine
* The coin has a better chance if being graded, there are collectors who are going for MS runs especially on moderns
* Coins in packaging make better presents than handing over a raw loose coin

So no people are not idiots, you do you and let other people do them

[SidS]

1 hour ago, MonkeysUncle said:

Blister = that nasty plastic that Greta loves, plus some glue and a bit of ex-tree. Blister bad. But not as bad as British Government...

Always reminds me of this scene.

 

[Rob81]

Appreciate all the reply everyone. I’ve had a think and I want to get it rectified, mainly for my ocd haha.

I chose the blister pack for my first coin as it’s going to be the last effigy of the queen on a Britannia. I will probably get the matching when the King Charles coin is issued, then switch to buying capsulated Britannia’s post 2021.

I will update, once resolved! 

Thanks again, all very helpful 

[Orpster]

1 hour ago, Orpster said:

I have sold 287 coins and bars since April last year, a lot on here and one thing I can tell you for certain, its easier to sell coins still in packaging, I suspect because:

* The buyer can be surer the coin in genuine
* The coin has a better chance if being graded, there are collectors who are going for MS runs especially on moderns
* Coins in packaging make better presents than handing over a raw loose coin

So no people are not idiots, you do you and let other people do them

Just read that back @SheepStacker and realised I was quite rude 👅
Not the sort to go back and edit my errors so I will just it say reads harsher than I intended, sowwwwwyyyyyyyy
Was just expelling the benefits (as I see them) of blister packs, likely because I am a fan boy 

[ShineyMagpie]

8 minutes ago, Rob81 said:

Appreciate all the reply everyone. I’ve had a think and I want to get it rectified, mainly for my ocd haha.

Of course not knowing your financial state, but an option could be for you to put up a sells post on here selling the oddity coin vs blister. Those that were interested could buy it and then use the funds to re buy a new coin from the mint again? just a thought

[Orpster]

Just now, ShineyMagpie said:

Of course not knowing your financial state, but an option could be for you to put up a sells post on here selling the oddity coin vs blister. Those that were interested could buy it and then use the funds to re buy a new coin from the mint again? just a thought

This is a great idea 👆
Would also get you some feedback as a seller on TSF

[SheepStacker]

1 hour ago, Orpster said:

I have sold 287 coins and bars since April last year, a lot on here and one thing I can tell you for certain, its easier to sell coins still in packaging, I suspect because:

* The buyer can be surer the coin in genuine
* The coin has a better chance if being graded, there are collectors who are going for MS runs especially on moderns
* Coins in packaging make better presents than handing over a raw loose coin

So no people are not idiots, you do you and let other people do them

I accept your points, but can't it be done at less of a premium by buying a decent capsule at time of purchase?

 

 

[SheepStacker]

3 minutes ago, Orpster said:

Just read that back @SheepStacker and realised I was quite rude 👅

Nah it's fine, I'd drank a few when I wrote the "idiots" remark last night, so probably well deserved!  

 

[Rob81]

1 hour ago, ShineyMagpie said:

Of course not knowing your financial state, but an option could be for you to put up a sells post on here selling the oddity coin vs blister. Those that were interested could buy it and then use the funds to re buy a new coin from the mint again? just a thought

Good shout but I’ve started the returns process now. It would also involve more time to sale and then repurchase. I think the coin is around £30 more than I paid it now so any potential gain would be offset a bit on the current price. Could easily go the other way though I suppose.

 

 

 

[Rob81]

Finally got the replacement back. Now in correct blister pack. My OCD can rest easy haha.

What do you recommend for my next Britannia purchase, go straight to a 1oz or is best to buy fractional sizes?

[codenamedtango]

1 minute ago, Rob81 said:

Finally got the replacement back. Now in correct blister pack. My OCD can rest easy haha.

What do you recommend for my next Britannia purchase, go straight to a 1oz or is best to buy fractional sizes?

It’s really down to your preference. 

1oz will mean, in theory lower premiums, but decrease liquidity.

Fractional will mean, in theory higher premiums, but increase liquidity.

Arguably though, if/when you come to resell, if you do so at a fair price point, they’ll likely sell either way, just might take a bit longer selling the 1oz.

What you could find, is that if you do decide to go down the fractional route, then the higher premiums you’ve paid, can be passed on when it comes to selling them on in a private sale, say to someone on TSF. Broadly speaking they’d understand that fractional carry a bit of a higher premium, but as long as they can see it’s still cheaper than a dealer.

Very broad brush advice I know, sorry.

Personally, I’m going down the fractional Brit route., just on the fence between 0.5oz or 0.25oz’s. Though I’ve seen how quickly sovereigns get snapped up on TSF, so if liquidity is something you value highly, then full sovereigns is a very good option. (When I say sovereigns, I mean proper sovereigns from the Royal Mint)

 

[Rob81]

4 minutes ago, codenamedtango said:

It’s really down to your preference. 

1oz will mean, in theory lower premiums, but decrease liquidity.

Fractional will mean, in theory higher premiums, but increase liquidity.

Arguably though, if/when you come to resell, if you do so at a fair price point, they’ll likely sell either way, just might take a bit longer selling the 1oz.

What you could find, is that if you do decide to go down the fractional route, then the higher premiums you’ve paid, can be passed on when it comes to selling them on in a private sale, say to someone on TSF. Broadly speaking they’d understand that fractional carry a bit of a higher premium, but as long as they can see it’s still cheaper than a dealer.

Very broad brush advice I know, sorry.

Personally, I’m going down the fractional Brit route., just on the fence between 0.5oz or 0.25oz’s. Though I’ve seen how quickly sovereigns get snapped up on TSF, so if liquidity is something you value highly, then full sovereigns is a very good option. (When I say sovereigns, I mean proper sovereigns from the Royal Mint)

 

That’s very helpful, many thanks 😊 

[Rob81]

I’m thinking of selling my 1/2 oz Britannia in blister pack, so I can put towards getting a 1 oz.

Does anyone know what sort I price I can expect from selling this please?

Thanks 

[James32]

2 minutes ago, Rob81 said:

I’m thinking of selling my 1/2 oz Britannia in blister pack, so I can put towards getting a 1 oz.

Does anyone know what sort I price I can expect from selling this please?

Thanks 

£820-£840 depending on speed of sale wanted. 

[James32]

9 hours ago, James32 said:

£820-£840 depending on speed of sale wanted. 

Certainly £840+ now with gold going for a little run

[Bratnia]

On 05/01/2023 at 22:35, SheepStacker said:

The 2023 has plenty of security features that I don't believe China has defeated yet?

Two same series one ounce coins, machine out the obverse of one, machine out the reverse of the other, extracting 1 ounce in the process, fill the core with tungsten and join the two.