Is now a good time to sell on TSF?

[9x883]

11 minutes ago, KitchenCollector said:

You're right, I meant PF70 Ultra Cameo

Best design 💖👌

[Spyder]

Should easily get £1200+. Bag it up and also protect the slab, the amount of scratched slabs I have seen is beyond a joke.  Can not understand why people get a coin slabbed and then start using the slab as a ice hockey puck.

[Petra]

A lot of people complain about stuff ‘only selling for spot’, however, invariably they bought when spot was a lot lower, so selling at today's spot price is still making a nice wedge🤔😮

[PhilB]

On 13/04/2024 at 07:42, KitchenCollector said:

 

 

The question is, If I were to start listing these coins (at reasonable prices - spot for bullion and a small premium for QB's), would I find many buyers, or would they sit unsold as people wait for a pull back on gold price?

What do you think?

I don't fully understand everyone fixation with the premium above or below the spot price. It's the sale price that is most important rather than the premium. 

I view the premium or discount to the spot price as the physical markets real world adjustment to the artificial derivative price of spot, which is simply a futures price for immediate delivery. It therefore removes the time factor from the price of a futures contact on a commodity, in this case gold. 

The adjustment factor known as premium, whilst of some interest is much less important than the Gbp:gold ratio, often refered to as price of gold, but really just the number of currency units required in an exchange for physical gold. 

The factor of greater importance than premium, is the realisable amount of currency for your physical gold asset. It is currently around 1900 gbp per oz whilst 2 months ago lovely buffalo's and other 1oz coins were not selling even when priced at £1650 or even less, and would have be less from dealers no doubt. As we have recently had a significant jump in price to ATHs in the 1900s, ie approx +15% - regardless of any spot comparison or premium comparison. 

My view is that if currency is required to move on in life with the purchase of a first home, then take the best price available for each particular coin or group of coins and move on with a smile on your face at the ATH realisable price. Premium/discount and spot comparison is not all that important in the big scheme of things, and will likely not be a decision that you regret regardless of the future gold price, once you have purchased you first home! 

Dont miss the wood for the trees my friend, and best of luck with your home purchase and gold sale deliberations. 

[AOB]

4 hours ago, KitchenCollector said:

You're right, I meant PF70 Ultra Cameo

Lovely coin you have there and it’s great to hear your purchasing a house 👏🏽 

I would suggest your best bet would be, to get rough price you want to achieve for the QB’s and slabbed coins. Stick up a sales post with said price and if they sell, brilliant you have more cash for the house and if they don’t sell, ah well put them back into storage and enjoy the new house 🏡🎉

Just my two cents sir 😁👍🏽

[KitchenCollector]

On 21/04/2024 at 08:53, bluemoon said:

Would also be interesting to hear if it triggers an investigation.

It hasn't. I received payment Monday evening and money has been coming and going from my account as usual. I used a chunk of it to pay off a car loan as well.

[dicker]

It’s always a good place to buy or sell and from my experience there is significant liquidity here (buy and sell).

Prices are better (both buy and sell) but you have to price sensibly if you want a fast sale.  

Quite a lot of my purchases have been from people reaching out to me or me reaching out to people on TSF - people I have traded with and trust.