Hi all I'm a new member and also new at stacking I'm in the uk A couple of weeks ago I decided to look into putting some of my spare cash into gold I did a bit of reading up on how to proceed In the end I started with sovereigns In the last couple of weeks I got 10 UK 2015 sovereigns And 2 from a mixed collection they were a 1899 and a 1889 Both with a m mint mark So what next ?? Stick with sovereigns or get some bars or other coins Am I better with 1oz coins and bars or smaller Or should I invest in silver as well
Sovs were an excellent starting point. Personally I'd stick with them, decent premium and very well recognized. Just make sure you buy only from reputable dealers and don't tell anyone you stack! Welcome
Thanks So far I've bought from ats in London And atkinsons in Birmingham is it better to buy cheap sovereigns or are proof and sovereign sets worth adding
If your decision is to invest in gold and not in potential numismatic value, just look for the cheapest sovereigns you can get. The gold melt value in theory is always there for you; the numismatic premium.... not necessarily.
Smnother UK sov seller is Chard http://m.goldsovereigns.co.uk/?url=http://www.goldsovereigns.co.uk/&utm_referrer=#2775 they have some good info too on their site. also if you are interested in mintages and rarity numista is a good site http://en.numista.com/
Good choice choosing sovs and Atkinsons are excellent. Also worth checking the following out - Very cheap, stock varies day to day (sometimes you get proofs for bullion money ) http://www.hattongardenmetals.com/buy/cid0/all-stock Also cheap, especially the UK gold lunar series which are also VAT & CGT free like sovs - http://www.goldline.co.uk/goldsavers.page http://www.goldline.co.uk/bullionCoins.jsp?coinId=241&yp=0
Sovereigns are like one of the top world traded coins and not too expensive compared to spot usually (if not a more collectable one). I'm only a few months ahead of u and would of chosen sovereigns but I love the idea that for not much more I can get a gold panda or a gold lunar that in the last few, several and even over a decade has also appreciated well above any gold increases. I Just can't spend close to the same money for sovereigns due to that
Many thanks to the OP for this post. I am in the US and have collected silver coins of all kinds but like yourself I am beginning to feel I should step back and try out gold for a bit. Not to sound like a noob but what is a sovereign you all are speaking about? Please give an example. Many thanks ST
Hi Marky I've not long started buying gold and silver in the UK as well, best place I have found for cheaper gold is Baird & Co http://www.goldline.co.uk/bullionCoins.page, they were selling 1oz Royal Mint Lunar series coins far cheaper than the likes of Atkinsons so I took a chance on them. My thinking was it's an ounce of gold but if the Royal Mints lunar series ever takes off the early coins like the Lunar Sheep have a very low mintage so in 5 or 6 years could be sought after and command a high premium and since it's a series that only started in 2014 you are not paying silly prices for early ones like Perth lunar series. If you want more sovereigns and half sovereigns Hatton Garden Metals are also one of the cheaper places to buy from, they just buy in all gold at a couple of % under spot and sell it for a couple of % over spot, they don't actually check their Sovereigns for desirability and you just take pot luck on what you get, they are all checked for correct weight etc. but you might get a nice rare date you can flip on Ebay straight away for a tidy profit or you might get a year that's common and just worth the bullion price. http://www.hattongardenmetals.com/buy/ You have to check the website regularly though the day though as what they get in usually does not last long. Edit - I see Mr Dead has posted the same advice.
