A buying dilemma

[Sovhead]

I’ve been buying bullion half Sovs, sovs, Brits and Swiss and Canadian coins over the last 3 years but I have a question.

imagine I’ve £1600 roughly to spend.

Do I Buy a bullion 1oz gold coin or 4 bullion Sovs or 8 half Sovs?

I’m in it for the long run I will not need to sell anything anytime soon but wanted your opinions on what would work out the better profit wise in the long term?

Also, I was considering buying a Victorian shieldback a high grade by NGC/PCGS for maybe the same money not quite sure of my direction.

I want to optimise long term future profit I don’t necessarily need to buy what “I” like.

Be very interested to hear all of your views.

[stefffana]

19 minutes ago, Sovhead said:

I’ve been buying bullion half Sovs, sovs, Brits and Swiss and Canadian coins over the last 3 years but I have a question.

imagine I’ve £1600 roughly to spend.

Do I Buy a bullion 1oz gold coin or 4 bullion Sovs or 8 half Sovs?

I’m in it for the long run I will not need to sell anything anytime soon but wanted your opinions on what would work out the better profit wise in the long term?

Also, I was considering buying a Victorian shieldback a high grade by NGC/PCGS for maybe the same money not quite sure of my direction.

I want to optimise long term future profit I don’t necessarily need to buy what “I” like.

Be very interested to hear all of your views.

Have you considered buying @70oz silver instead?

Or 2 kilo silver and a half sovereign?

It is for for long run and you said you have already a lot of gold in your stack.

Give it a chance, just sayin'...

[Sovhead]

1 minute ago, stefffana said:

Have you considered buying @70oz silver instead?

Or 2 kilo silver and a half sovereign?

It is for for long run and you said you have already a lot of gold in your stack.

Give it a chance, just sayin'...

I know what you mean about diversifying your portfolio.

When I started out I did buy Silver 1oz Brits, silver eagles and 100g ingots etc but in the last 3 years all the gold I’ve bought has risen and very nicely and my silver kinda stayed at the same value so I sold it all.

I definitely know a lot of silver collectors and speculators are of the view silver is well underpriced and has a good possibility of flying high in the coming years but I want to stick to smaller items and don’t want big kilo bars of silver kicking about space is of a premium.

[AaaGee]

It has been sead that in the future that 1oz gold maybe out of most people's reach and maybe harder to move on.

I had 2x 1oz brits. I recently turned one of them into sovereigns and have kept one of them. The one i kept is the 1st one i bought so want to keep hold.

Personally id go sovs.

Up to you what way you go.

[Sovhead]

Just now, AaaGee said:

It has been sead that in the future that 1oz gold maybe out of most people's reach and maybe harder to move on.

I had 2x 1oz brits. I recently turned one of them into sovereigns and have kept one of them. The one i kept is the 1st one i bought so want to keep hold.

Personally id go sovs.

Up to you what way you go.

I’ve done really really well with sovs but just wanted to have some input as to the graded old coins.

There was a guy I read about recently I think he sold like 25 sovs to buy an absolute top notch graded shieldback coin with all the money cuts down on quantity you’re holding and it’s all in 1 coin.

as I said a dilemma.

[stefffana]

1 minute ago, Sovhead said:

I’ve done really really well with sovs but just wanted to have some input as to the graded old coins.

There was a guy I read about recently I think he sold like 25 sovs to buy an absolute top notch graded shieldback coin with all the money cuts down on quantity you’re holding and it’s all in 1 coin.

as I said a dilemma.

It is more risky in my opinion.

You can sell easily in two hours 25 sovereigns, but for a graded coin at a high value the potential buyers are only very few and to sell it without a big loss will be a pain.

[Sovhead]

1 minute ago, stefffana said:

It is more risky in my opinion.

You can sell easily in two hours 25 sovereigns, but for a graded coin at a high value the potential buyers are only very few and to sell it without a big loss will be a pain.

Hmmmm, That makes total sense reading that back I’ll not be doing that 👍🏻

[AaaGee]

What Steffana sead.

Will be a smaller market when selling.

But that being sead, its years before you sell up so a little risk here and there never hurt anyone right? 😄

[Sovhead]

Just now, AaaGee said:

What Steffana sead.

Will be a smaller market when selling.

But that being sead, its years before you sell up so a little risk here and there never hurt anyone right? 😄

The size of the market is key here I definitely won’t be going that road mate, it is too risky in hindsight 👍🏻

[James32]

10 minutes ago, Sovhead said:

I’ve done really really well with sovs but just wanted to have some input as to the graded old coins.

There was a guy I read about recently I think he sold like 25 sovs to buy an absolute top notch graded shieldback coin with all the money cuts down on quantity you’re holding and it’s all in 1 coin.

as I said a dilemma.

Yeah but if the time comes when you need money and the numismatic market is sleepy, you're up terrible-creek without a paddle. 

Best profit will be in a 1oz coin as its the lowest premium getting in. That being said I turned over 20 1oz coins into sovereigns as they are becoming a bore to try and sell ( smaller market by the week )

I'd go with 4 nice sovereigns as my choice, spot price dependent..they will have similar profit to a 1oz ( just factor in 4 sales instead of one) but far more liquidity,.

[James32]

To be clear...I did not say terrible creek

[Sovhead]

2 minutes ago, James32 said:

Yeah but if the time comes when you need money and the numismatic market is sleepy, you're up terrible-creek without a paddle. 

Best profit will be in a 1oz coin as its the lowest premium getting in. That being said I turned over 20 1oz coins into sovereigns as they are becoming a bore to try and sell ( smaller market by the week )

I'd go with 4 nice sovereigns as my choice, spot price dependent..they will have similar profit to a 1oz ( just factor in 4 sales instead of one) but far more liquidity,.

90% of what I hold is full Sovs James, understand what you say about spot, I think this just about answers my q, I’ve been doing it right mostly from the beginning just wanted to throw it out there for confirmation.

[stefffana]

1 minute ago, Sovhead said:

90% of what I hold is full Sovs James, understand what you say about spot, I think this just about answers my q, I’ve been doing it right mostly from the beginning just wanted to throw it out there for confirmation.

If this system works well for you, just keep following your style and don't change it.😊

 

[9x883]

Stick with sovereigns, try get some nice special sovereigns at low premiums when the opportunity's there. We try and plan for the future but if you really need to sell they'll be the best option.

If you're just buying to bury for the next 10 years then 1oz gold would be good, you'd probably be able to sell it to a dealer and still be in pocket. 

[SiCole]

£1600 - bully James and others into selling you a 1oz TB. If someone wants out then it will happen.

[AaaGee]

1 minute ago, 9x883 said:

 

If you're just buying to bury for the next 10 years then 1oz gold would be good, you'd probably be able to sell it to a dealer and still be in pocket. 

Im personally looking at 12 to 15 years in reality. So as i sead above, ive kept one to see how it pans out.

[richatthecroft]

1 hour ago, Sovhead said:

I’ve been buying bullion half Sovs, sovs, Brits and Swiss and Canadian coins over the last 3 years but I have a question.

imagine I’ve £1600 roughly to spend.

Do I Buy a bullion 1oz gold coin or 4 bullion Sovs or 8 half Sovs?

I’m in it for the long run I will not need to sell anything anytime soon but wanted your opinions on what would work out the better profit wise in the long term?

Also, I was considering buying a Victorian shieldback a high grade by NGC/PCGS for maybe the same money not quite sure of my direction.

I want to optimise long term future profit I don’t necessarily need to buy what “I” like.

Be very interested to hear all of your views.

I think, and given the scenario you set out-  you’ve probably stacked plenty of bullion in case of a SHTF scenario if you did need to sell, so in this scenario why not purchase a really nice high grade Sovereign.  
 

High grade historic coins will always find buyer, no matter if you buy Gold or Silver, a Milled or Hammered coin.  Long term, if you buy the right coin, your investment will trump any 1oz bullion purchase you make now.  Taking the leap of faith will be your biggest obstacle.  

[Ignorant]

Not certain if that £1600 is hypothetical or not, but I’d advise you to spread your purchases over time. You’re more likely to net a better average than spending it all at once and discovering later on you purchased when spot was at its peak. Then again purchasing in bulk could save you some money. Dilemmas dilemmas.

[Sovhead]

2 minutes ago, richatthecroft said:

I think, and given the scenario you set out-  you’ve probably stacked plenty of bullion in case of a SHTF scenario if you did need to sell, so in this scenario why not purchase a really nice high grade Sovereign.  
 

High grade historic coins will always find buyer, no matter if you buy Gold or Silver, a Milled or Hammered coin.  Long term, if you buy the right coin, your investment will trump any 1oz bullion purchase you make now.  Taking the leap of faith will be your biggest obstacle.  

Indeed mate. thanks for your input it’s much appreciated.

I do not have any experience/knowledge of legit milled or hammered coins though… don’t get me wrong if they came up for sale here other members would keep me right that’s what’s good about being here 👍🏻

[Sovhead]

2 minutes ago, Ignorant said:

Not certain if that £1600 is hypothetical or not, but I’d advise you to spread your purchases over time. You’re more likely to net a better average than spending it all at once and discovering later on you purchased when spot was at its peak. Then again purchasing in bulk could save you some money. Dilemmas dilemmas.

Indeed, it is complicating.

 

[Stuntman]

Given that you already have a solid foundation, in your position I'd be tempted to spend it on a 1oz gold coin and accept that your exit strategy for it may well be to sell to a dealer.  At the moment, a bog standard 1oz Britannia will serve you best in terms of maximising return.  But perhaps choose the current 1oz coin that speaks to you the most.  After all, you'll be admiring it for a decade or so...

There are some nice choices available at the moment, e.g. Royal Arms, the current Tudor Beast(s), Myths & Legends and the James Bond ones. 

I suspect the Bond coins might do well over time.  They're not to my own taste but I can see the appeal.  If I had a bigger budget I'd seriously consider them.

[Stuntman]

Thinking about it some more - how about buying two double sovereigns if you don't already have some?  At the moment you can still get a brand new bullion Memorial double and Coronation double for just over £1600 (directly from RM and the premiums are not completely ridiculous, although not great).  Both may sell for a bit of a premium in 10-15 years' time.

[Boci]

I favour bog standard sovereigns. Low premiums. Easy to flog. 

[Aldebaran]

I like 1oz gold coins, particularly those with special designs, but I am not planning on selling them at the moment.

But, if it was me I would buy some half sovs and some 1/10th Britannias, again with special designs.

However, in view of your recent coin that the jeweller restored, I think that you are capable of thinking outside the box.

[Sovhead]

25 minutes ago, Aldebaran said:

I like 1oz gold coins, particularly those with special designs, but I am not planning on selling them at the moment.

But, if it was me I would buy some half sovs and some 1/10th Britannias, again with special designs.

However, in view of your recent coin that the jeweller restored, I think that you are capable of thinking outside the box.

I already have numerous sovs, 22 halves, 2x 1oz Brits one of them the 2011 and I have a 1/2 oz and 3x1/4 ones as well as a few proof 1/10ths 

The 1818 half Sov I seen the potential.

i bought it bullion with post £213 as a medallion…as a coin it’s now worth a minimum of £340.

very capable A, just wanting to maximise and dbl check incase I’m wrong 👍🏻