Don't know how to start

[Rhys]

I'm looking to start coin collecting/ bullion investment but don't know where to start with under 300 pounds in the uk

[HelpingHands]

@Rhys your topic is here now where others can help.

The trade section is for buying/selling specific items.

[Rhys]

Thanks I'll have a look

[HelpingHands]

For £300 you should be looking at ordering in Europe to avoid UK VAT on silver.

silver-to-go.com

coininvest.com

goldsilver.be

 

There are a bunch of UK options for gold.

eg:   atkinsonsbullion.com

 

[Rhys]

Thanks a lot I'll check out all of the websites 

 

[Rhys]

Thanks this has helped lots now instead of spending 22pound an ounce it's like 18 thanks 

[Oldun]

Tap to see a list of dealers compiled  and dont forget this is a good place for deals too. Take your time...you will get to know members here and what goes on. Welcome.

[Rhys]

Ok nice thanks for the help 

 

[SilvergunSuperman]

Hatton Garden Metals is usually the cheapest for gold bullion in the UK. The stock changes daily.

Buying from Europe is the cheapest for bulk buying silver, or for individual coins you will get good prices on the forum here.

For your initial budget you could maybe buy a gold sovereign and a few 1oz silver coins, see what you like the look/feel of and go from there.

[Rhys]

Thanks for the suggestion but I think I might be buying some silver from Europe but thanks and as I flip them I'll try some gold maybe 

[Kman]

Have you decided if you want to go for silver or gold yet? or are you wanting a mix

[Paul]

If i had my stacking time over again, i would just stacked gold from the start.

Get a full sovereign or a quarter oz gold each month with you £300 per month

[Vacendak]

Assuming one pays VAT to fund the NHS, the armies and the nukes that will keep us safe from an EU invasion in two years time...

I would say go for low premium gold if you intend to play medium term. Premium are usually smaller for 1 oz. tr. coins. Bars are better, but you will not go far with £300 a month, plus they are more cumbersome to flog.

Counterintuitive because it is cheaper per unit mass, but I would say: Silver for the pretty long term (to get back those 20% from the VAT). Like many I think, with time, silver has greater potential for wild upswings.

That being said, I usually buy things that I find nice to look at and hold in my hand; so I too get suckered by premiums (hello Queen's Beasts) anyway.

Pretty obvious to say, but silver also allows you to have more coins to hold than gold.

In any case, try to clump together those £300 a month and take advantage of discounts for tubes and other deals such as  "mix and match" at Atkinsons and similarly tiered purchase elsewhere (Chards, etc.) as in the more you buy, the less you pay per unit. So again, £600-£1,000 batches would be better value if you can trust yourself to not spend those budding lump-sums.

[SilverSniper]

16 hours ago, Rhys said:

Thanks for the suggestion but I think I might be buying some silver from Europe but thanks and as I flip them I'll try some gold maybe 

Just make sure that when buying from the continent, that you order is sufficient size to get best value for their shipping fee.

[Lea79]

Hi Rhys welcome to the forum.  300 quid is a nice amount to start with, you should get quite a few coins with that.  Just get whatever you like the look of.  In time you'll kno which coins u like and which 1's u don't.

Well done on finding this site before you make your first purchase.  I didn't and ended up paying for over priced bullion from bullion by post.  You've avoided your first beginners mistake!! 

Enjoy your first delivery.  Its a great feeling having new coins to play with.  I hope you enjoy your new hobby as much as we do, but be warned it's additive!! 

Let us know what you get ?