2020 gold Britannia

[Bigcheesy123]

Hi,

I was thinking of selling my 2020 gold queen Elizabeth coin, how much should I be asking for? And sold I even sell at this time?

Regards bigcheesy 

[modofantasma]

1 hour ago, Bigcheesy123 said:

How much should I be asking for? And sold I even sell at this time?

Morning. 

Whether or not you should sell depends on your plan for stacking or collecting. If you need the money for something else and selling some of your gold is the way to do it then you've got to do what you've got to do...

As for an asking price spot is £ 1547 as I type. You'll want to sell above this by a few % but below the best dealers price that has stock, assuming coin is in nice condition. 

If you price too high nobody will buy it but you can always lower the price gradually after a few days if needed. Price on the low side it will be bought likely within the hour on here. 

For eg... I can get a 1 Oz gold Britannia 2023 from Tavex at £1620 delivered. If you price the same then I'm just going to go to the dealer with a good reputation built up over years instead of taking a risk with a relatively unknown member on the forum. Some members will perhaps take the risk over £10 some £30 and some just wouldn't but hopefully this gives you what you need to make a reasonable decision

 

 https://tavexbullion.co.uk/gold/1-oz-britannia-gold-coin-2023/

[James32]

7 hours ago, modofantasma said:

Morning. 

Whether or not you should sell depends on your plan for stacking or collecting. If you need the money for something else and selling some of your gold is the way to do it then you've got to do what you've got to do...

As for an asking price spot is £ 1547 as I type. You'll want to sell above this by a few % but below the best dealers price that has stock, assuming coin is in nice condition. 

If you price too high nobody will buy it but you can always lower the price gradually after a few days if needed. Price on the low side it will be bought likely within the hour on here. 

For eg... I can get a 1 Oz gold Britannia 2023 from Tavex at £1620 delivered. If you price the same then I'm just going to go to the dealer with a good reputation built up over years instead of taking a risk with a relatively unknown member on the forum. Some members will perhaps take the risk over £10 some £30 and some just wouldn't but hopefully this gives you what you need to make a reasonable decision

 

 https://tavexbullion.co.uk/gold/1-oz-britannia-gold-coin-2023/

Is it even 1oz 😆 

[modofantasma]

5 minutes ago, James32 said:

Is it even 1oz 😆 

Ahh good question... I assumed so. Obviously if not then maths will need adjusting. If there are any budding mathletes who want to take the reins feel free 

[James32]

9 hours ago, Bigcheesy123 said:

selling my 2020 gold queen Elizabeth coin

 

Just now, modofantasma said:

Ahh good question... I assumed so. Obviously if not then maths will need adjusting. If there are any budding mathletes who want to take the reins feel free 

Could be a one tenth, and you have just built hope ups.

[modofantasma]

26 minutes ago, James32 said:

Could be a one tenth, and you have just built hope ups.

Get the mathletes on the job they'll tell you about a little secret of moving the decimal point to the left 🤣

[Abyss]

The most competitive dealer price right now for standard bullion 1 oz Gold coin is Tavex Bullion spread above spot at 4.54%. You divide the spread in 2 = 2.27% sell above spot plus postage = £1571.51

https://tavexbullion.co.uk/gold/1-oz-britannia-gold-coin-2023/

As a seller you would obtain better price than if you would sell to a dealer (I believe Chards paying the best dealer price) currently £1541

https://www.chards.co.uk/blog/sell-gold-britannia-coins/275

and offer the incentive to the buyer purchase from yourself more at reasonable percentage above spot. This would be the price I would be willing to buy if I was in the market right now and the price I would be willing to sell if I was a seller which is a fair price for both buyer/seller.

 

[Bigcheesy123]

10 hours ago, modofantasma said:

Morning. 

Whether or not you should sell depends on your plan for stacking or collecting. If you need the money for something else and selling some of your gold is the way to do it then you've got to do what you've got to do...

As for an asking price spot is £ 1547 as I type. You'll want to sell above this by a few % but below the best dealers price that has stock, assuming coin is in nice condition. 

If you price too high nobody will buy it but you can always lower the price gradually after a few days if needed. Price on the low side it will be bought likely within the hour on here. 

For eg... I can get a 1 Oz gold Britannia 2023 from Tavex at £1620 delivered. If you price the same then I'm just going to go to the dealer with a good reputation built up over years instead of taking a risk with a relatively unknown member on the forum. Some members will perhaps take the risk over £10 some £30 and some just wouldn't but hopefully this gives you what you need to make a reasonable decision

 

 https://tavexbullion.co.uk/gold/1-oz-britannia-gold-coin-2023/

Thanks man, this is my first time hearing of Tavex I have never used them before are the reliable?

[Bigcheesy123]

2 hours ago, modofantasma said:

Ahh good question... I assumed so. Obviously if not then maths will need adjusting. If there are any budding mathletes who want to take the reins feel free 

Yea lol my mistake, it is a ounce 

 

50 minutes ago, Abyss said:

The most competitive dealer price right now for standard bullion 1 oz Gold coin is Tavex Bullion spread above spot at 4.54%. You divide the spread in 2 = 2.27% sell above spot plus postage = £1571.51

https://tavexbullion.co.uk/gold/1-oz-britannia-gold-coin-2023/

As a seller you would obtain better price than if you would sell to a dealer (I believe Chards paying the best dealer price) currently £1541

https://www.chards.co.uk/blog/sell-gold-britannia-coins/275

and offer the incentive to the buyer purchase from yourself more at reasonable percentage above spot. This would be the price I would be willing to buy if I was in the market right now and the price I would be willing to sell if I was a seller which is a fair price for both buyer/seller.

 

Tanks for taking the time man 

[modofantasma]

2 minutes ago, Bigcheesy123 said:

Thanks man, this is my first time hearing of Tavex I have never used them before are the reliable?

Yep. Many members on here shop there regularly. 

[Bigcheesy123]

2 hours ago, modofantasma said:

Yep. Many members on here shop there regularly. 

Thank you, It’s these tips that make the difference sometimes, I had a very hard time in the beginning finding low premiums. I’m going to take a we look on the site now.