Revealing My Gold Buying Strategy

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  • Опубликовано: 26 дек 2024

Комментарии • 66

  • @dinopersonal6907
    @dinopersonal6907 2 месяца назад +6

    For those of us that are based In the U.K. stacking gold Sovereigns and gold Britannia coins means your are exempt from VAT tax and Capital Gains tax regardless of how much profit you make on your coins! The coins are deemed as money and have a face value: For me that’s the biggest bonus and incentive for saving in gold! 🙏

  • @christophermccormick8670
    @christophermccormick8670 Год назад +9

    My strategy evolved from high premium American Gold Eagles and Buffaloes to low premium best value sovereigns, francs, Coronas and ducats but majority sovereigns all thanks to you my Brother in frugality.
    Cheers 🥃

    • @SovereignSaurus
      @SovereignSaurus  Год назад +1

      Won't do any harm to have a few Eagles and Buffaloes tucked away either 🍻 Enjoy your weekend

  • @WhooshFlyingHorse444
    @WhooshFlyingHorse444 9 месяцев назад +2

    Is there anything you did in your earlier days of collecting that could have been avoided or done differently with hindsight?

    • @SovereignSaurus
      @SovereignSaurus  9 месяцев назад +2

      Great question probably worthy of it's own video, I was probably more strict whereas more recently I've become at least in some parts a collector than just a stacker

    • @WhooshFlyingHorse444
      @WhooshFlyingHorse444 9 месяцев назад +1

      @@SovereignSaurus Thanks for replying. Really enjoy watching and learning from your videos.

  • @seminumismaticguy8575
    @seminumismaticguy8575 Год назад +4

    My strategy was simple it was no taxes when buying or selling , very liquid , low premium . So that means no bars, no foreign PMz and gold. I have a mix of 1 Oz, 1/4oz ( sovereign )size for flexibility . Initially I had silver as it could be bought from the EU without vat and premiums were low. I also have some nice foreign coins but that's my collection and not my stack .

    • @SovereignSaurus
      @SovereignSaurus  Год назад

      Sounds well thought out yes. Keep it simple 👍🏼

  • @garryhiggs5158
    @garryhiggs5158 6 месяцев назад +3

    Love the sheildback.

  • @DanMan-u1b
    @DanMan-u1b Год назад +3

    Hi Saurus - many thanks for this and all of your insightful videos!
    My buying strategy is based on specialisation - buying only what I really have researched in depth. Having no problems keeping my hands off my savings I have further set up some limitations for my purchases to keep me from getting carried away 🙂
    My coin dealer calls me whenever he has Krugerrands from the 90's (those are scarce) or Victoria shield sovereigns.
    No sites presenting fake sovereigns have shown (full!) shield sovereigns as examples of counterfeits - and maybe due to the many details in the shield design those were/are considered to difficult and time consuming to forge.

    • @SovereignSaurus
      @SovereignSaurus  Год назад +1

      It's certainly a good trait to only buy what you know. I have seen what look like cheap (low premium) coins like francs and others but would rather pay a little bit more for a sovereign that I'm very familiar with

    • @garryhiggs5158
      @garryhiggs5158 Месяц назад +1

      Nice Australia back Sidney mint, how much of a premium should I expect to pay for one of those please?

  • @nickpolly1527
    @nickpolly1527 Год назад +2

    Love the brits and tudor beasts just concentrating on those in 1oz and 1/4

    • @SovereignSaurus
      @SovereignSaurus  Год назад +1

      Fantastic. We should have the 3rd bullion coin the bull soon 👍🏼

  • @john-ze7eu
    @john-ze7eu 8 месяцев назад +2

    Really nice stack. I'm a US citizen, but I do enjoy buying some of your sovereigns and some 1/4 oz queens beasts gold... everyone says I should only buy US or Canadian coins, as they are my area.... but that's boring! And who knows where I or my heirs will be living in the future...

    • @SovereignSaurus
      @SovereignSaurus  8 месяцев назад

      Yeah perhaps good to have a base of 'local' coins if they're treated more favourable but I'm sure many stackers can attest to keeping some nice coins that you like if premiums are reasonable

  • @Stg2077
    @Stg2077 Год назад +3

    Great video. I started a year ago with 5 Sovs from RM (have learnt that lesson early on). Wasn’t sure what to go after and was a bit haphazard. Bought some ounces, some 1/4oz but settled on Sovs after about 6 months or so. Present collection is mainly special years but once the overload of celebration Sovs are out the way after the coronation, I’ll start picking up best value and concentrate on the lower premium items. Except for 2002’s - I’ll always make room for more of those 😂

    • @SovereignSaurus
      @SovereignSaurus  Год назад +2

      Great choices. It's certainly been busy for sovereign collectors. I believe we will get a bullion version of the crowned KCIII and then perhaps there would be a 'normal' 2023 sov unless that would cover both of those bases

  • @MrDavidknigge
    @MrDavidknigge Год назад +1

    Congratulations on your fine stack, sir. I'm new and focused on getting my precious metals at a low premium but here in America the most popular options, American Eagle and Gold Buffalo, are above 5% premium. Fractions are much higher. I'm now saving for Austrian 100 Coronas which I can typically obtain at 2.7% premium.
    I suggest you periodically compare the premium differential between the purchase price and sales. Another suggestion is to keep some bullion for quick easy sale in the event of an emergency. For that, I keep 3 months' living expenses equivalent in the form of old circulated silver coins which are quite popular here and hold their value very well. Good day!

    • @SovereignSaurus
      @SovereignSaurus  Год назад +1

      Some good tips. Whilst I don't keep my metals at home I have a list of what I would sell first if I needed to pull in an amount of money quickly. The premiums on the US coins certainly sound high which if dealers give you 2 or 3% over spot when you sell might be fine but if they're not paying more than Britannias or other coins it doesn't seem worth it from that angle alone

    • @MrDavidknigge
      @MrDavidknigge Год назад

      @@SovereignSaurus They pay more for American, but not enough to make up the initial cost of a Brittania. Even if they pay only spot on the Corona, I'm money ahead and with the lower acquisition cost I can buy more weight.

  • @wildmanrobsonsprinter4503
    @wildmanrobsonsprinter4503 3 месяца назад +1

    Just bought me first coin. St George and the Dragon. Excited to receive it in the post. Your vids helped me do this.

    • @SovereignSaurus
      @SovereignSaurus  3 месяца назад +1

      Nice!! Just take your time building your collection and I hope it looks after you and your family into the future

    • @wildmanrobsonsprinter4503
      @wildmanrobsonsprinter4503 3 месяца назад

      @@SovereignSaurus Cheers mate

  • @CashAndCoinsYT
    @CashAndCoinsYT Год назад +1

    Thank you for breaking it down like that. Actually gave me something to think about.

    • @SovereignSaurus
      @SovereignSaurus  Год назад +1

      Fantastic. I find it useful hearing others points of views and ideas whether they're newer or more experienced stackers and investors you can usually still learn something (even if it's what not to do) 🤣

    • @CashAndCoinsYT
      @CashAndCoinsYT Год назад

      @@SovereignSaurus You seem to have it all figured out.

  • @myrongunnar1518
    @myrongunnar1518 Год назад +1

    Really interesting story-time! Love vids like this!!

  • @FinalAffliction
    @FinalAffliction Год назад +1

    Are the ones stacked up .999 or better? I like them but I cant buy anything less than .999 for tax reason. If they are what are they called. Sovereign okay. i wonder if Canada has any

    • @SovereignSaurus
      @SovereignSaurus  Год назад

      Sovs are not 999 unfortunately. The older ones do look more gold though that doesn't help their tax status in some countries.

  • @harryzero1566
    @harryzero1566 Год назад +1

    Just seeing some of my examples being featured here give a great sense of peace knowing that my strategy is closely mirrored.
    I'm 50/50 on sovereigns/ fractionals and 1oz+ pieces.

    • @SovereignSaurus
      @SovereignSaurus  Год назад

      Good strategy I would say.

    • @DrSchor
      @DrSchor 11 месяцев назад

      beware. your sense of peace comes from agreeing with what you want to hear.
      think for yourself.

    • @harryzero1566
      @harryzero1566 11 месяцев назад

      @@DrSchor i do indeed, my strategy has shift over time, to what seems to make more sense to me.

  • @ejkalegal3145
    @ejkalegal3145 Год назад +1

    Have you dipped into the semi numismatic world? When the bullion high dissipates, one tends to look for the next high. Maybe it is wise to reduce quantity a little for quality. I have a few grimey sovs and would like to clean up my stack a bit.

    • @SovereignSaurus
      @SovereignSaurus  Год назад

      I can definitely see how that becomes a thing. I'd like a nice example of the pre Victoria sovs, I figure a George III would be a good start and something like an 1817 will surely captivate many collectors being a significant year. I am still just stacking quantity though picking and choosing better dates or conditions where I can

    • @ejkalegal3145
      @ejkalegal3145 Год назад

      @@SovereignSaurus I wanted a "wow" coin for my sov stack and so bought an 1821 sov. But I ended up paying over a grand for it - I could almost have bought 3 sovs for the price of that one. It is not even in really great condition either. These coin auctions like The Coin Cabinet and Baldwins have great historic coins, but the buyers are crazy on these online auctions right now. Everything is shifting for silly prices. Personally, I buy gold as a ready and liquid source of wealth - this objective is more easily realised with low cost bullion around or just over spot. Flogging an 1817 sov is going to be much harder and would take longer than the usual bullion. You're also going to get shafted on the price if you need a quick sale for ready cash.However, I do like to admire and enjoy quality craftsmanship though, so the higher end market has a definite appeal (as a hobby). I would like to get the Petitioner Crown 2 oz gold set if I could. It is absolutely gorgeous, but nearly 12 grand is extremely hard to hide from the missus 😆

  • @GideonMiles888
    @GideonMiles888 Год назад +1

    Hi mate. Can you give details of the Australian sovereign approx @ 6:46 ?
    Is it a proof coin worth grading?
    (I have the normal version)

    • @SovereignSaurus
      @SovereignSaurus  Год назад

      It seems to be a proof coin yes although they don't seem to be that popular. It's made to look like the original Sydney sovereigns on what would be the St George side (reverse) from the 1800s which command very high premiums in nice grades.

  • @harryzero1566
    @harryzero1566 Год назад +1

    Yes, I evolved much as you have, however, I have contacts who use overseas online platforms, who are happy to convert what they sell into sovereigns etc. they can hold in their hand.

    • @SovereignSaurus
      @SovereignSaurus  Год назад

      That's good to know. Sovs are more popular around the world than I recognised initially

  • @goshawkfoxhill
    @goshawkfoxhill Год назад +1

    Thanks very informative video. What would you consider to be a good place for a beginner to buy sovereigns in the uk?🙏

    • @SovereignSaurus
      @SovereignSaurus  Год назад

      It depends but initially the most important thing is to stick to reputable dealers in my opinion. Once you're confident in basic testing and spotting counterfeits and you could maybe venture into the 2nd hand market places.

    • @raniakme
      @raniakme 4 месяца назад

      royal mint

  • @shaf1485h
    @shaf1485h Год назад +1

    What do you do for gold storage when you have a fair few gold and insurance.

    • @SovereignSaurus
      @SovereignSaurus  Год назад

      I keep mine in Safe deposit boxes as I don't want to leave it at home. In the ideal world yes it would be nice to keep it out at home on display or where you can instantly access it but for me I feel it's safer in a 3rd party vault.

  • @properjob2311
    @properjob2311 Год назад +2

    have you ever experienced buying fake sovereigns? I have been just buying new Britannias but recently got my first sovereign, however I am reluctant to buy gold on ebay because of risk involved with postage and fakes etc.

    • @SovereignSaurus
      @SovereignSaurus  Год назад

      Yeah there are definitely some listings to be wary of on there unfortunately they seem to do little to police the sale of counterfeits there. I've not personally bought a fake that I thought was genuine but I've seen a range of fakes from visiting coin dealers and shops. The best fakes were 21ct rather than 22ct and I am glad to say I picked them all out and spotted the single genuine one among them. At first glance they were passable. I've mentioned in a few videos some ways of checking coins but if on eBay look for established sellers with sales of similar items (some dealers operate on eBay and you might be able to benefit from time to time eBay offers there too)

    • @raniakme
      @raniakme 4 месяца назад

      for me I wount buy gold from Ebay.

  • @thm-jw7zr
    @thm-jw7zr Месяц назад

    9999 Gold sell . Buffaloes you get +50 now over spot.

  • @jamiefrost2091
    @jamiefrost2091 Год назад +2

    Just watched this video 🙏🙏, great knowledge shared, thankyou 🙆‍♂️. J. Btw , correct me if I’m wrong, but I’ve seen that young Vickie ‘71 before, she’s a beauty 😻.

    • @SovereignSaurus
      @SovereignSaurus  Год назад

      You may well have done I've got multiple of the date now and might have mixed them up 🤣

  • @karolfrania2037
    @karolfrania2037 Год назад +1

    Good idea 👊

  • @craftsman98
    @craftsman98 Год назад +1

    You got any mexican pesos?

    • @SovereignSaurus
      @SovereignSaurus  Год назад +1

      I've not actually. I did have a 50 pesos for a while but traded it for some sovs.
      ruclips.net/video/pKBCzV8WGQs/видео.html

  • @Juan_Doooh
    @Juan_Doooh Год назад +1

    Get the best piece you can afford.

    • @SovereignSaurus
      @SovereignSaurus  Год назад +1

      Yeah for the real collector pieces I think this is the way