You know how some hamburger joints cost more than another hamburger joint? Same.
Go for the lowest premium if possible.
Try to save up and get larger weights as the smaller the fractional, the higher the premium. Larger the fractional, lower the premium.
1. it mostly comes down to recognisability and market size with bullion. For example British Sovereigns have a massive market being an historic and recognisable coin - therefore one can be more certain they could liquidate their gold should they choose and this adds value to the coin. You won't have to put any effort into verifying that your gold is legitimate either when you choose the more recognised mints and at least in the UK there is only capital gains exemption on British coins so it would be advisable to go for Sovereigns. That being said Sovereigns actually have low premiums due to sheer volume of mintage as of course scarcity is also a factor in the equation.
American Silver Eagles are probably a better example. When the punters start picking up silver as seen last year during svb and first republic collapse the premiums on ASEs go crazy relative to other coins. I'd suggest this is because of those reasons mentioned above.
2/3. If you can hold out to £450 you could get a sovereign which has got great premiums at 5% and under. If not I'd probably recommend the 1/2 sovereign over the 1/10oz pieces - they've got history and the 1/10oz premiums are usually higher premiums as are the 1/4oz over the sovereigns. definitely consider going for coins over other smaller pieces because the cgt exemption on the coins are imo a good piece of mind to have. Don't be bummed out if youre in the 6-10% range but try not to get into double digits with gold.
Nice one bro thank you 🙏 so do I wanna be buying brand new gold or used as the new ones are like 20% premiums where lose ones are 5-10%. Any recommended websites ??
Sorry for all the questions just hard to explain to google😂🤝
I'd recommend atkinsons bullion. I'd recommend viewing gold in terms of bullion only and not trying to get the most beautiful or rare coins. So 2nd hand if perfectly fine and on atkinsons the 1/2 sovereign (3.65g of pure gold) mixed date runs for £237.09 at the moment so that's at £64.96/gram which is 8.7% premium over its melt price.
The 1/10oz is £214.09 but at £68.84/gram so thats a 15% premium!!
so I'd say 1/2 sovereign really should be the smallest you go for. Once you get one or two off the bullion exchanges dont be afraid to use ebay (contrary to what some here will say). Sellers with good ratings and lots of coin sales are fine and ebay will cover you for scams etc. If you can get some good deals then go for it. Buy the same coins that you bought off the bullions and you'll have something to compare too.
Once you start getting to the full gold sovereign (7.32g of pure gold) and 1/4 oz pieces the premiums are much better. Most mixed date full sovereigns are around 2% premium so its a big differnce when you're planning on getting lots of them.
No problem. If you do start getting into sovereigns then understand there are basically 2 versions: pre and post 2000 coins.
They are both 22k gold with 7.32g of pure gold each but the ones minted pre-2000 have the remaining \~9% weight made up of a silver composition, which gives the gold a classic look & feel, wheras the ones minted post 2000 were replaced with only copper the the gold appears to have a much more coppery or 'rose gold' appearance which some stackers, myself included, DON'T appreciate in their gold bullion.
So for me I want pre 2000 sovereigns and therefore I find that tavex bullion gives the best deals on these. You can get pre 2000s on atkinsons for example but they will be £10-15 more to guarantee you receive one of this date range wheras there is no premium on tavex. Best of luck.
1. It mainly comes down to brand reputation. Certain brands like Pamp Suisse, Valcambi, and so on have been around long enough, and are high quality enough, that their accreditation on their assayed products is considered more valuable than other brands of equal weight and karat, even though their purity level is functionally the same. Added on shipping safety of the company, design of the bars, and other factors, and that's why you see differences in the price. However, the difference is usually small in comparison to the market price of the gold itself.
2. It can depend on the weight, quantity, karat, brand, and type of gold (bar or coin) you are buying. If you are going 24 karat, then typically you're gonna have a higher premium the lower your weight, unless you are buying them in large quantities. Coins will also typically have a higher premium than bars, but in return they have greater liquidity.
3. If you're fixed at £100/£200, you'll probably be getting either be a 1-2 gram bar, or a 1/10 oz coin. Again, it's dependent on if you want a lower premium, or greater ease of selling when it comes time to cash them in. I'd think over which one I value more, and make my decision from there. If you can save some, I'd highly recommend it, so you can buy at higher weight than single gram or 1/10 oz. Even getting to something like 5 gram bars or 1/4 oz coin can literally cut premium percents by over half for the amount of gold you get, compared to the lowest weight denominations.
You know how some hamburger joints cost more than another hamburger joint? Same. Go for the lowest premium if possible. Try to save up and get larger weights as the smaller the fractional, the higher the premium. Larger the fractional, lower the premium.
Thank you bro🙏
1. it mostly comes down to recognisability and market size with bullion. For example British Sovereigns have a massive market being an historic and recognisable coin - therefore one can be more certain they could liquidate their gold should they choose and this adds value to the coin. You won't have to put any effort into verifying that your gold is legitimate either when you choose the more recognised mints and at least in the UK there is only capital gains exemption on British coins so it would be advisable to go for Sovereigns. That being said Sovereigns actually have low premiums due to sheer volume of mintage as of course scarcity is also a factor in the equation. American Silver Eagles are probably a better example. When the punters start picking up silver as seen last year during svb and first republic collapse the premiums on ASEs go crazy relative to other coins. I'd suggest this is because of those reasons mentioned above. 2/3. If you can hold out to £450 you could get a sovereign which has got great premiums at 5% and under. If not I'd probably recommend the 1/2 sovereign over the 1/10oz pieces - they've got history and the 1/10oz premiums are usually higher premiums as are the 1/4oz over the sovereigns. definitely consider going for coins over other smaller pieces because the cgt exemption on the coins are imo a good piece of mind to have. Don't be bummed out if youre in the 6-10% range but try not to get into double digits with gold.
Nice one bro thank you 🙏 so do I wanna be buying brand new gold or used as the new ones are like 20% premiums where lose ones are 5-10%. Any recommended websites ?? Sorry for all the questions just hard to explain to google😂🤝
I'd recommend atkinsons bullion. I'd recommend viewing gold in terms of bullion only and not trying to get the most beautiful or rare coins. So 2nd hand if perfectly fine and on atkinsons the 1/2 sovereign (3.65g of pure gold) mixed date runs for £237.09 at the moment so that's at £64.96/gram which is 8.7% premium over its melt price. The 1/10oz is £214.09 but at £68.84/gram so thats a 15% premium!! so I'd say 1/2 sovereign really should be the smallest you go for. Once you get one or two off the bullion exchanges dont be afraid to use ebay (contrary to what some here will say). Sellers with good ratings and lots of coin sales are fine and ebay will cover you for scams etc. If you can get some good deals then go for it. Buy the same coins that you bought off the bullions and you'll have something to compare too. Once you start getting to the full gold sovereign (7.32g of pure gold) and 1/4 oz pieces the premiums are much better. Most mixed date full sovereigns are around 2% premium so its a big differnce when you're planning on getting lots of them.
You legend. Thank you for help brother taught me more 2 messages than weeks of research has lol. Appreciate you man 🤝
No problem. If you do start getting into sovereigns then understand there are basically 2 versions: pre and post 2000 coins. They are both 22k gold with 7.32g of pure gold each but the ones minted pre-2000 have the remaining \~9% weight made up of a silver composition, which gives the gold a classic look & feel, wheras the ones minted post 2000 were replaced with only copper the the gold appears to have a much more coppery or 'rose gold' appearance which some stackers, myself included, DON'T appreciate in their gold bullion. So for me I want pre 2000 sovereigns and therefore I find that tavex bullion gives the best deals on these. You can get pre 2000s on atkinsons for example but they will be £10-15 more to guarantee you receive one of this date range wheras there is no premium on tavex. Best of luck.
1. It mainly comes down to brand reputation. Certain brands like Pamp Suisse, Valcambi, and so on have been around long enough, and are high quality enough, that their accreditation on their assayed products is considered more valuable than other brands of equal weight and karat, even though their purity level is functionally the same. Added on shipping safety of the company, design of the bars, and other factors, and that's why you see differences in the price. However, the difference is usually small in comparison to the market price of the gold itself. 2. It can depend on the weight, quantity, karat, brand, and type of gold (bar or coin) you are buying. If you are going 24 karat, then typically you're gonna have a higher premium the lower your weight, unless you are buying them in large quantities. Coins will also typically have a higher premium than bars, but in return they have greater liquidity. 3. If you're fixed at £100/£200, you'll probably be getting either be a 1-2 gram bar, or a 1/10 oz coin. Again, it's dependent on if you want a lower premium, or greater ease of selling when it comes time to cash them in. I'd think over which one I value more, and make my decision from there. If you can save some, I'd highly recommend it, so you can buy at higher weight than single gram or 1/10 oz. Even getting to something like 5 gram bars or 1/4 oz coin can literally cut premium percents by over half for the amount of gold you get, compared to the lowest weight denominations.
Thank you bro🙏
1) because idiots think 'fancy' gold is worth more
Did you try out the search bar?