Government Proceeds of Crime Auction of Betts Fine Gold Grade 9999 Bullion Bars

[LawrenceChard]

Government Proceeds of Crime Auction of Betts Fine Gold Grade 9999 Bullion Bars

I only saw this earlier today, while checking my recollections of "Betts", a name I remember from decades ago. I was aware that there had been numerous incarnations or reincarnations of Betts, refiners and bullion dealers, and was trying to ensure my memories were accurate and up to date.

I do know a little more, but it's getting late, but I still have some more work to do.

Although this auction was for gold bars, I have listed this Topic under General Precious Metals as Betts did also work with silver, and probably platinum and palladium.

😎

[Roy]

Is there a Mr. J. Stunt on the board?

[James32]

Is bidding still open?

[LawrenceChard]

14 hours ago, LawrenceChard said:

Government Proceeds of Crime Auction of Betts Fine Gold Grade 9999 Bullion Bars

I only saw this earlier today, while checking my recollections of "Betts", a name I remember from decades ago. I was aware that there had been numerous incarnations or reincarnations of Betts, refiners and bullion dealers, and was trying to ensure my memories were accurate and up to date.

I do know a little more, but it's getting late, but I still have some more work to do.

Although this auction was for gold bars, I have listed this Topic under General Precious Metals as Betts did also work with silver, and probably platinum and palladium.

😎

13 hours ago, Roy said:

Is there a Mr. J. Stunt on the board?

13 hours ago, James32 said:

Is bidding still open?

Here is a quick, dirty photo from late yesterday:

We will have some Chard Quality photos in a few hours!

😎

[LawrenceChard]

57 minutes ago, LawrenceChard said:

Here is a quick, dirty photo from late yesterday:

We will have some Chard Quality photos in a few hours!

😎

Better photos:

"Betts 1790" Fine Gold 9999 100g UK Cast / Poured Bar

and:

Special Delivery!

I don't know if this page has gone live yet:

https://www.chards.co.uk/betts-100g-gold-bar-bullion-cast/18234

😎

[Anteater]

Just now, LawrenceChard said:

I don't know if this page has gone live yet:

https://www.chards.co.uk/betts-100g-gold-bar-bullion-cast/18234

😎

Do Chards have a "Proceeds of Crime" section now?

[James32]

2 minutes ago, LawrenceChard said:

Better photos:

"Betts 1790" Fine Gold 9999 100g UK Cast / Poured Bar

and:

Special Delivery!

I don't know if this page has gone live yet:

https://www.chards.co.uk/betts-100g-gold-bar-bullion-cast/18234

😎

£4850 and it's a deal. 

Due to its sketchy past 😆 

[LawrenceChard]

2 minutes ago, Anteater said:

Do Chards have a "Proceeds of Crime" section now?

It seems like it!

😎

[LawrenceChard]

1 minute ago, James32 said:

£4850 and it's a deal. 

Due to its sketchy past 😆 

I expected you to ask about "Free Postage"...

... and the answer is OK if your take the lot.

... to free postage that is, not the 3% discount.

1% premium is a good deal.

😎

[Anteater]

3 minutes ago, LawrenceChard said:

1% premium is a good deal.

Missed the opportunity to say "it's a steal".

[James32]

3 minutes ago, LawrenceChard said:

I expected you to ask about "Free Postage"...

... and the answer is OK if your take the lot.

... to free postage that is, not the 3% discount.

1% premium is a good deal.

😎

Actually they are priced extremely good. But you need to focus on the bigger picture, not only would chards.co.uk get glowing feedback on trust pilot, you would receive your first on here. Trust is everything and one feedback from me, you won't have to settle for being a millionaire, you could be a billionaire in 40 years 😆 

[Silverlocks]

I see @James32 has been already.

 

[Thelonerangershorse]

Or more...

[LawrenceChard]

2 hours ago, Anteater said:

Missed the opportunity to say "it's a steal".

That's a great line!

I just looked through the whole auction catalogue, which was for:

Qty	Grams	Line Total
1	1,000.00	1000
4	500.00	2000
37	250.00	9250
79	100.00	7900
34	31.10	1057.519
		21207.519	Grams Total
Spot Gold	Per Gram	50.151
Total Value		£1,063,578

The auction house buyers premium was the biggest steal at 24%, so any sensible buyer would have divided their maximum bid by 1.24 in which case if every lot sold at the current spot price, the proceeds would have been £857 724, making £205, 853 in buyers premium for the auction house, in addition to any fees they charged the vendors!

We are in the wrong business!

😎

Edited January 13, 2023 by LawrenceChard

[LawrenceChard]

2 hours ago, James32 said:

Actually they are priced extremely good. But you need to focus on the bigger picture, not only would chards.co.uk get glowing feedback on trust pilot, you would receive your first on here. Trust is everything and one feedback from me, you won't have to settle for being a millionaire, you could be a billionaire in 40 years 😆 

Yes, but if we moved into auctions, we could make £1 million per week, just working a few hours a day, that's a £ billion in less than 20 years!

😎

Edited January 13, 2023 by LawrenceChard

[James32]

1 minute ago, LawrenceChard said:

Yes, but if we moved😎 into auctions, we could make £1 million per week, just working a few hours a day, that's a £ billion in less than 20 years!

 

I like it.

When do we start "our" first?

[LawrenceChard]

21 minutes ago, James32 said:

I like it.

When do we start "our" first?

I thought you would never ask!

😎