Travelgall's Guide to Precious Metals and Coins

sirbhp

LE
Book Reviewer
seems like ebay of all places is a good bet for old bullion coins. I just want A small spread on my investments , got money in the bank in a credit union etc a few shares andt thats it . The whole lot doesnt amount to five magic beans .
 

sirbhp

LE
Book Reviewer
I am not going to run out and buy gold this week, searching the internet it also seems for bullion coins, pawnbrokers arenot too bad in Essex. The search goes on .
 
Funny this thread reappearing, I’ve just started (in a small way) to collect the odd silver coin. I’m buying ones I like, such as the 2oz Queen’s Beasts, and all the “staples” - Britannias, Eagles, Libertads, Maples, Philharmonikers, etc. I’m also looking for ones with limited mintage like Isle of Man Nobles and Angels and the new Germania.
I’m aware that most of these- even in bullion form are double the base value of the metal but the way I see it is that if you buy what you like and think long-term it might be an enjoyable way to stash some cash. I’ve found that bullion dealers’ own websites are cheaper than their sales on auction sites- I buy from Martin at Silver Bullion Bars & Coins | Silver Trader North East UK
 

sirbhp

LE
Book Reviewer
I have phoned two pawn brokers this morning for sovs. There was a £10 difference per each for "scrap " metal Price. From 250 to 260 per each. the difference between wholesale and retail price on the cheap offer is £350 on an once at today's price of roughly £ 995 per ounce.
looking at the 3,7 and 10 values the price has gone up per ounce substantially. So MY question is : what am i missing and why doesn't every one have a few coins stashed away for a rainy day ??
 

sirbhp

LE
Book Reviewer
Funny this thread reappearing, I’ve just started (in a small way) to collect the odd silver coin. I’m buying ones I like, such as the 2oz Queen’s Beasts, and all the “staples” - Britannias, Eagles, Libertads, Maples, Philharmonikers, etc. I’m also looking for ones with limited mintage like Isle of Man Nobles and Angels and the new Germania.

This seems to me to be a sensible and enjoyable way of putting a few bob by . I am getting on a bit so 10 years is my limit lol.
 

sirbhp

LE
Book Reviewer
today i have "saved " £221 by purchasing 10 sovs off the internet rather than my local pawnbrokers.
if only i had the money grin
 
This seems to me to be a sensible and enjoyable way of putting a few bob by . I am getting on a bit so 10 years is my limit lol.
The trouble is that every time I look, there is another “must have” coin. Usually one of a set of course- guaranteeing my interest into the future!
This is today’s buy:-
65EFB9EB-14DA-4D83-88B2-D529763C1284.jpeg

The South African Mint is also doing a really nice Big 5 set- the first of which (the Elephant) is limited to 15000:-
0F7A8C3D-AA96-41BB-AA3A-7F34A3107999.jpeg
 
Check out the antique dealers also, for coin/round/bar designs that aren't in high demand. I've found some cracking bargains ~£5 cheaper than the commercial dealers.
 

CowboyBob

War Hero
I have been stacking since 2008, putting a little bit away each year. This afternoon I priced up my collection for the insurance renewal and was surprised at some of the prices. It has been a fun way to save up for a rainy day.

The Australian Lunar series coins seem have been the best bet with the 2000 Dragon and 2012 Dragon coins rocketing in price. I wish I had bought more of them.

As for bullion site I use, for sovs I use ATS Bullion in London.

Buy Gold Online | Gold Bullion | Buy Gold Bars | Gold Investments - ATS Bullion Ltd

For silver I tend to use German dealers for one bulk purchase every one or two years.
However next time I might use this site.
Silver-to-go.com – Specialist for VAT free Silver Coins
 

CamNostos

Old-Salt
Funny this thread reappearing, I’ve just started (in a small way) to collect the odd silver coin. I’m buying ones I like, such as the 2oz Queen’s Beasts, and all the “staples” - Britannias, Eagles, Libertads, Maples, Philharmonikers, etc. I’m also looking for ones with limited mintage like Isle of Man Nobles and Angels and the new Germania.
I’m aware that most of these- even in bullion form are double the base value of the metal but the way I see it is that if you buy what you like and think long-term it might be an enjoyable way to stash some cash. I’ve found that bullion dealers’ own websites are cheaper than their sales on auction sites- I buy from Martin at Silver Bullion Bars & Coins | Silver Trader North East UK
After a brief flirt with buying some coins in '12 when this thread started (!) I've picked it up again recently.

The Queen's Beasts series are really nice coins and I've got a few of the 2/10 oz ones. They seem to be appreciating in value very quickly from what I can see - clearly I'm no expert though I'm looking to complete both sets and hold them in the long term.

Which Britannia's have you been getting or are they just a quantity buy?
 

CowboyBob

War Hero
Brittannias is the UK version of the US silver dollar, mass minted so not rare. But, they are CGT exempt (like sovereigns).

Queens Beasts are a good investment. I am tempted but I have £5k in coins and bullion already so I have hit my limit (according to my wife).
 
Never forget that legal tender - Sovereigns, for example - is exempt from capital gains tax, while gold in other forms, and other precious metals, including silver coins which may not be actual currency, aren't.
There are guides to this, including some important numbers, all over the place, but HMRCs is the one which matters. It's only cash.
 

CamNostos

Old-Salt
Brittannias is the UK version of the US silver dollar, mass minted so not rare. But, they are CGT exempt (like sovereigns).

Queens Beasts are a good investment. I am tempted but I have £5k in coins and bullion already so I have hit my limit (according to my wife).
I was curious if you rated the '19 Oriental border ones as I've got my eye on a few of them. And yeah other than the nice design of the Beasts its the CGT issue that has me looking at them and Britannia's exclusively at the moment.
 
After a brief flirt with buying some coins in '12 when this thread started (!) I've picked it up again recently.

The Queen's Beasts series are really nice coins and I've got a few of the 2/10 oz ones. They seem to be appreciating in value very quickly from what I can see - clearly I'm no expert though I'm looking to complete both sets and hold them in the long term.

Which Britannia's have you been getting or are they just a quantity buy?
I agree that the Queen’s Beasts are lovely coins- I treated myself to a presentation case for them too. And yes the early ones, especially the Lion of England, go for £70 or so- almost double the price that you need to pay for the Yale of Beaufort (the most recent). I’ve tried to make an interesting chronological collection of Britannias without paying proof prices, so there are a couple of coloured ones, a couple with gold and ruthenium detailing, a couple of privys including the edge-stamped 1997-2017 20th anniversary, and the 2014 mint error “mule”.
The 958 silver coins produced from 1997 to 2012 are more interesting with a different design most years. The new designs on the 999 purity coins from 2013 are only available on the proof editions. The only proof I’ll buy is the 1997 launch coin which wasn’t made as bullion- they’re all proof, either individually or as four-coin sets.

My general aversion to buying proofs comes from the received wisdom that it’s probably an easy field in which to buy high and sell low! The same goes for low mintage coins- although if they’re reasonably priced- as with the Queen’s Beasts- they might be worth a speculative investment. I’ll buy interesting ones- a good recent example are the new Korean Chiwoo Cheonwang medals which are beautifully designed and the 2016 coin is already selling for getting on for £100.
 

CowboyBob

War Hero
I was curious if you rated the '19 Oriental border ones as I've got my eye on a few of them. And yeah other than the nice design of the Beasts its the CGT issue that has me looking at them and Britannia's exclusively at the moment.
They are nice coins. But it all boils down to if you like them and if the price is right.
 

CamNostos

Old-Salt
Yeah I'm getting them because like them, it's just interesting to see how quickly they are appreciating in the short term. In the long term I'm sure they will hit a ceiling but as I'm planning on holding them for decades I guess its academic. I've seen the Lion going for ~£90 already though!

What is the consensus on milkspots? As a semi collector I'm not sure how upset to be.

Glad this thread is moving again.
 

CowboyBob

War Hero
Milk spots on a bullion coin that will be bought and sold for +/- 10% of spot price, sure no problem.

If you are a serious coin collector things would be different, they like coins to be mint so milk spots will lower the price.

Oddly, some collectors like coins to have a patina and will pay a premium for it.

It's a mixed market and easy to get burned.
 
Milk spots on a bullion coin that will be bought and sold for +/- 10% of spot price, sure no problem.

If you are a serious coin collector things would be different, they like coins to be mint so milk spots will lower the price.

Oddly, some collectors like coins to have a patina and will pay a premium for it.

It's a mixed market and easy to get burned.
I’m trying to pay as near live price as possible whilst still buying an interesting selection. In reality this usually means paying somewhere between £20-£40 for a 1oz coin- interesting (kind of :)) that the 958 Britannias minted between 1997 and 2012 are heavier than the later 999 purity coins, so they still contain an ounce of pure silver.
I Agree that it seems that if you want to speculate on the coins from a numismatic point of view rather than as an investment commodity, it’s best to buy them early doors.
And you might find that if you buy direct from a dealer’s website rather than ebay- you’ll find better prices!
 

CowboyBob

War Hero
You could also diversify and stock pre 1948 British coins for their silver content/numi value and also old coins in general.
My dad used to pick up old coin collections from auctions. The silver coins had been picked clean before hand but there was always a hand full of coins from the 1700's and 1800's that made it profitable.
He even managed to pick a Roman coin, and a few coins from the 1600's. My favourite is a 1722 2 Reale piece from Spain, Aaaarrrggghhh!
 

Fang_Farrier

LE
Kit Reviewer
Book Reviewer
Finally sorting out some old stuff I inherited from my dad,
Included asre are several uncirculated proof sets of coins but fairly obscure
Such as Royal Government of Bhutan 1975 proof coin set, also the 1974 set.
1985 Indira Ghadhi commemorative set 1985
1977 Royal Canadian Mint set
1971 Eisenhower Silver Dollar

There are others but just to give a flavour.
Looking at the paperwork with them, only a few have any silver in them, maybe 50% of some of the larger coins in each set.

Have no desire to keep hold of them, what's the best way to sel them?

Also a Falkland Island's Liberation Crown if anybody s interested in one.

There's a fair amount of old foreign coins and notes, all been circulated but I suspect that they're only good for toy money for Tiny Miss F
 

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