Enjoyed the video. I think most collectors of any item starts off wanting quantity. Later as they grow into the hooby, they realize quality over quantity. I thinks it's a process that most collectors go thru. I'm a new subscriber. Really enjoy your videos and the content that you bring with them. Thank you for sharing with us.
It makes more sense to invest in higher quality limited mintage numismatic coins for the pleasure of collecting than to buy too many commonplace bullion coins. Commonplace bullion coins should be intended for an eventual turnover for profit. However the prices of precious metals are largely influenced by the commodities futures market and value of the dollar. The 1937 George VI Proof Sovereigns 4 Coin Sets were limited to only 5,500. The Royal Mint issued them for £8.50 in 1937. If a set can currently auction for £8,500, that means £8,500/£8.50 = 1,000X increase over a period of 81 years. 999% Gain/81 years = 12.3% gain per year. In 1937, the cost of the set was £8.50 which was equivalent to $42.50. Adjusted for 81 years of inflation $42.50 is equivalent to $743.03 today. An auction value of £8,500 is equivalent to $11,993.50 today.
Jade Nephrite great information and looking at auction values they have doubled in 5 years. But price is going to be 10k to 11k £ today after buyers premium
Not wild about the new Sovereigns. I’d rather pick up the older pieces. Numi this video has inspired me to flip majority of my collection. In doing so I’ve flipped lots of silver and bullion gold in favor of Pre33 gold and CC Morgans. No regrets, it’s been a fun journey.
You rock dude I had a 1937 PF66 lol.. for my dad his birth year Museum bound if not already in there :) and his medals are going to go to the local RSL here in Australia because I asked him what he wants to happen Happy.
One of my top 10 Numi videos which I re-visit from time to time to see the magnificent, spectacular, exquisite, and luxurious 1937 sets & coins and to hear Numi’s strategies on coin collecting. Sorry, did you say something Numi?
Bullion and modern coins (with a few honorable exemptions) are more of a storage of wealth whilst older coin are a secure investment. Modern coins are easily and painlessly liquidated if the cash reserve has been stretched or a new old coin wants to be bought.
I'd say buy what you can afford. I just sold some scrap silver and a pair of small gold coins to pick up a 1925 Sovereign, its a nice piece, just hoping I made a good choice.
Excellent video, Numi. I agree with every single point you raised and am embarking on a similar strategy of focusing on a smaller collection of high quality coins over having larger low value items. I'm over the moon with my acquisition of an 1817 Sov, graded MS63 by NGC 👍
It is just the evolution of the stacker/collector. Most of us started with mostly straight bullion and a little semi-numismatic trying to get lots of weight. After that gets less exciting we move to more semi-numismatic and then dabble in numismatic and up and up we go.
Hi Numi. I say diversify and collect what you like. I collect older proof type coins and I collect a few modern bullion series. My first foray from North America has been the Queens beast series. I enjoy your content very much. Your hard work is appreciated. *:-)*
I recently gave up on numismatics completely. I am only hunting for seminumis and Bullion quality coinage as I prepare for financial hardship. I think that answers which I would prefer! Great video Numistacker!
Ultimately I am a collector, rather than an investor and do it for the pleasure and for the hunt. I also have a limited budget (as do most more morals). Like Numi as a younger fellow it was quantity, now it's fewer items of a much higher quality. I also stopped collecting anything issued after an arbitrary date so I could concentrate on older material.
I see the collecting of gold coins as representing money earned and then transferred to a store of wealth. By meticulously culling and redefining that initial collection in a numismatic direction, I see no downside. One could argue that we are losing and gambling bullion weight to numismatic demand .. the troy ounce guarantee vs the collection or auction market. I see this as a plus because each individual piece, whether sold with the proceeds used for new acquisitions .. or making the cut and kept in the storage box collection. Either way the entire collection in being re-evaluated .. the value is not being lost in any way as the decisions being made to keep or sell .. will, in the long haul, only amplify due to the culling and re-investment process. Rather that leaving the boxes and the troy ounces sitting idle on the closet shelf, one is moving into the direction and almost guaranteed certainty of increased overall wealth thorugh this laborious .. but very interesting refining of one's store of wealth. A labor of love with the benefits of reduced storage needs and tweaking of the direction of an entire valued collection. There is no downside .. long term. Only the enjoyment of building an entire new collection .. within an existing one.
Between the two choices I would choose the old numismatic coins over the new bullion, but lately I have been pursuing a third way: finding the nicest old foreign (non-US) gold that I can for close to bullion value. Maybe I will succeed in picking out a coin or two with condition or rarity that gives it a premium value over its gold content, but even if I do not I will still have the gold value and the 19th and early 20th century coins have a historic aspect that makes them more enjoyable for me to collect compared with modern coins.
If you have plenty money to burn and want big bullion collection keep buying all those Pandas, Royal Mint Sovereigns, US or Canadian or Australian 0.999 pure gold strikes and you will have wonderful bullion collection which in most coin shops have price "selling at current gold value". But if you would like to have "coin" collection buy for example this set or say Queen Anne guinea in nice condition. Your collection may be much smaller in numbers but bigger in value. Even if you don't have that much money there are plenty old coins cheaper than Queen Anne coin or this 1937 set. The most important thing is the knowledge, to know what to buy, to buy in best possible condition, to be able to know if coin that I am buying is real or fake. If you will get this you will never loose and most likely will make gain in time. However there is another thing, if you really like all this modern issues and you don't care about all those things nobody can tell you to change. After all this is hobby and hobby is about what you like.
I think it depends on why a person is buying sovereigns, as a collector, as an investor. Also whether short, medium or long term. In 2013 I had a 1937 set which sold for 4,800PDS, now of course its a LOT more. There can only ever be 5,000 sets from 1937, but the bullion are solely based on the gold price and not rarity. 1887 proof sovereigns are another fine example due to the very low mintage. Compare the bullion and lower quality sovereign prices to the proof limited number prices and the difference is huge, rarity outdoes quantity every time.
The 1937 sets have shown a good return and will probably continue slowly upwards. The 1887 Proof would be another good one. The 1923-SA Proof is ridiculously rare too.
Hi there. I'm new to all this. I've been learning a lot over the past few months before I do make any purchases. You're videos are really helpful and informative. So thank you for them. I'm going to be "stacking" as a long term investment. But all the info I get the better. One question I do have, don't you worry about advertising the fact you collect gold? There are so many people on here talking about their collections and I keep thinking "when will they get burgled". Is this just me being paranoid, or is it a genuine risk? Thanks.
In contemplating the purchase of a rare numismatic coin priced in the thousands of dollars - does the thought of having such professionally graded (and the possible results thereof) play a part in your purchase consideration?
It comes down to weather or not you are collecting or stacking weight. If you just want weight, you would think buying the cheapest silver or gold would be the best way to accumulate the most for the money. If someone is stacking for weight, they will buy 10 modern sovereigns vs. Buying one rare sovereign.
They would look great after NCS ... I think there is a haze on them. Another question is BU or Proof? I decided Silver Proof Britannia's. And I think you recommend Proof Sovereign's. If new. There are some BU Britannia's worth getting, but mostly the Proofs. The older coins that have unique designs are not that much more in Proof than BU. I would like to collect Proof gold Britannia's, but the availability for older coins is very limited. Hard to find.
I'd go for the 10 modern/normal, there are more easy to buy, and also sell if you need some money ASAP. Later sell 5 for a couple of better ones, maybe some nice shield backs and you still have the 5 left over. Then sell one the shield backs and some of the normal ones for something very good. However, as a Kev of very little brain and even less money I'll stick to buying half's if and when I can.
Have to ask yourself...am I a numismatic coin collector or a trader? Answer that & you will answer your video question. Although It's a bit unfair to compare proof coins with bullion coins. It would have been better to compare 1937 Proof Sovereigns with 'modern' Proof Sovereigns leveling the playing field...from there we can move on. A 2016 1oz Gold Proof Sovereign on secondary market is ~ £430. If you are correct... at £3000 tops for the 1937 Sovereign that's ~7 times more expensive. A trader who decided to buy 7 modern proof sovereigns (not that traders generally buy proofs because of poor liquidity in an element of time) may be able to flip all 7 proofs in a few months for a profit 10% - 15% (depending on market) while the 'single' 1937 (£3000) coin may have never gained appreciably in step with the market. The profits are even better for the trader who buys same (£) amount in bullion. Essentially old or new, proof or not, they are all gold...with the proofs being perhaps less pure at 22 carat! Comparing the quality of modern proofs to old proofs, the strike quality of the modern proof coins is superior to the older coins...an important point for numismatists to note. ruclips.net/video/J4k2uiQ8X_E/видео.html Perhaps the older proof may have a numismatic appeal in that they are "old" and in a sense rare...holding their value in history & sentimentally so! But remember the mintage of a modern coin for a particular year is also limited...another important point to consider. Numi you are the type of guy who would say: "I rather not trade the old wife for a new beautiful wife...darn it's tempting though! The 'old bag' has served me well...can't risk taking chances with a new one." If you can wait for profit...say ~20/30 years the '37 Sovereign seems attractive enough. All a matter of personal choice...& that's what makes us different & the world interesting!
Enjoyed the video. I think most collectors of any item starts off wanting quantity. Later as they grow into the hooby, they realize quality over quantity. I thinks it's a process that most collectors go thru. I'm a new subscriber. Really enjoy your videos and the content that you bring with them. Thank you for sharing with us.
It makes more sense to invest in higher quality limited mintage numismatic coins for the pleasure of collecting than to buy too many commonplace bullion coins. Commonplace bullion coins should be intended for an eventual turnover for profit. However the prices of precious metals are largely influenced by the commodities futures market and value of the dollar. The 1937 George VI Proof Sovereigns 4 Coin Sets were limited to only 5,500. The Royal Mint issued them for £8.50 in 1937. If a set can currently auction for £8,500, that means £8,500/£8.50 = 1,000X increase over a period of 81 years. 999% Gain/81 years = 12.3% gain per year. In 1937, the cost of the set was £8.50 which was equivalent to $42.50. Adjusted for 81 years of inflation $42.50 is equivalent to $743.03 today. An auction value of £8,500 is equivalent to $11,993.50 today.
Jade Nephrite great information and looking at auction values they have doubled in 5 years. But price is going to be 10k to 11k £ today after buyers premium
Not wild about the new Sovereigns. I’d rather pick up the older pieces.
Numi this video has inspired me to flip majority of my collection. In doing so I’ve flipped lots of silver and bullion gold in favor of Pre33 gold and CC Morgans.
No regrets, it’s been a fun journey.
You rock dude
I had a 1937 PF66 lol.. for my dad his birth year
Museum bound if not already in there :) and his medals are going to go to the local RSL here in Australia because I asked him what he wants to happen
Happy.
That George VI proof set is magnificent!!
One of my top 10 Numi videos which I re-visit from time to time to see the magnificent, spectacular, exquisite, and luxurious 1937 sets & coins and to hear Numi’s strategies on coin collecting. Sorry, did you say something Numi?
That was a great video so many 1937 sets
Totally agree with your philosophy Numi. It’s mine too and I’m just beginning to execute the plan
Bullion and modern coins (with a few honorable exemptions) are more of a storage of wealth whilst older coin are a secure investment. Modern coins are easily and painlessly liquidated if the cash reserve has been stretched or a new old coin wants to be bought.
would love to have a 1937 sovereign but my soft spot atm for a sovereign £600-£1200 semi numismatic
I'd say buy what you can afford. I just sold some scrap silver and a pair of small gold coins to pick up a 1925 Sovereign, its a nice piece, just hoping I made a good choice.
Excellent video, Numi. I agree with every single point you raised and am embarking on a similar strategy of focusing on a smaller collection of high quality coins over having larger low value items. I'm over the moon with my acquisition of an 1817 Sov, graded MS63 by NGC 👍
It is just the evolution of the stacker/collector. Most of us started with mostly straight bullion and a little semi-numismatic trying to get lots of weight. After that gets less exciting we move to more semi-numismatic and then dabble in numismatic and up and up we go.
Great video. I really have been enjoying watching everything about sovereigns lately.
Hi Numi. I say diversify and collect what you like. I collect older proof type coins and I collect a few modern bullion series. My first foray from North America has been the Queens beast series. I enjoy your content very much. Your hard work is appreciated. *:-)*
I recently gave up on numismatics completely. I am only hunting for seminumis and Bullion quality coinage as I prepare for financial hardship. I think that answers which I would prefer! Great video Numistacker!
I'd love to get a chance to conserve that second set of sovereigns. I think there is a gem under the grime.
The 5 pound is just incredible ! Amazing coin as always.
Impressive size but has not been handled with the best of care. Way too many polish lines on it.
Ultimately I am a collector, rather than an investor and do it for the pleasure and for the hunt. I also have a limited budget (as do most more morals). Like Numi as a younger fellow it was quantity, now it's fewer items of a much higher quality. I also stopped collecting anything issued after an arbitrary date so I could concentrate on older material.
Lovely coins. I like your strategy, quality rather than quantity. Got me thinking, thanks, nice video.
I see the collecting of gold coins as representing money earned and then transferred to a store of wealth. By meticulously culling and redefining that initial collection in a numismatic direction, I see no downside. One could argue that we are losing and gambling bullion weight to numismatic demand .. the troy ounce guarantee vs the collection or auction market. I see this as a plus because each individual piece, whether sold with the proceeds used for new acquisitions .. or making the cut and kept in the storage box collection. Either way the entire collection in being re-evaluated .. the value is not being lost in any way as the decisions being made to keep or sell .. will, in the long haul, only amplify due to the culling and re-investment process. Rather that leaving the boxes and the troy ounces sitting idle on the closet shelf, one is moving into the direction and almost guaranteed certainty of increased overall wealth thorugh this laborious .. but very interesting refining of one's store of wealth. A labor of love with the benefits of reduced storage needs and tweaking of the direction of an entire valued collection. There is no downside .. long term. Only the enjoyment of building an entire new collection .. within an existing one.
Thank you for that very interesting answer which I think is pretty much what I feel is well.
Between the two choices I would choose the old numismatic coins over the new bullion, but lately I have been pursuing a third way: finding the nicest old foreign (non-US) gold that I can for close to bullion value. Maybe I will succeed in picking out a coin or two with condition or rarity that gives it a premium value over its gold content, but even if I do not I will still have the gold value and the 19th and early 20th century coins have a historic aspect that makes them more enjoyable for me to collect compared with modern coins.
dccoins i have been known to do the same thing. Not a bad choice at all
If you have plenty money to burn and want big bullion collection keep buying all those Pandas, Royal Mint Sovereigns, US or Canadian or Australian 0.999 pure gold strikes and you will have wonderful bullion collection which in most coin shops have price "selling at current gold value". But if you would like to have "coin" collection buy for example this set or say Queen Anne guinea in nice condition. Your collection may be much smaller in numbers but bigger in value. Even if you don't have that much money there are plenty old coins cheaper than Queen Anne coin or this 1937 set. The most important thing is the knowledge, to know what to buy, to buy in best possible condition, to be able to know if coin that I am buying is real or fake. If you will get this you will never loose and most likely will make gain in time. However there is another thing, if you really like all this modern issues and you don't care about all those things nobody can tell you to change. After all this is hobby and hobby is about what you like.
1963921 great advice many thanks
I stack the newer gold but I love the Sovereign look.
I think it depends on why a person is buying sovereigns, as a collector, as an investor. Also whether short, medium or long term.
In 2013 I had a 1937 set which sold for 4,800PDS, now of course its a LOT more.
There can only ever be 5,000 sets from 1937, but the bullion are solely based on the gold price and not rarity.
1887 proof sovereigns are another fine example due to the very low mintage.
Compare the bullion and lower quality sovereign prices to the proof limited number prices and the difference is huge, rarity outdoes quantity every time.
The 1937 sets have shown a good return and will probably continue slowly upwards. The 1887 Proof would be another good one. The 1923-SA Proof is ridiculously rare too.
Hi there.
I'm new to all this. I've been learning a lot over the past few months before I do make any purchases. You're videos are really helpful and informative. So thank you for them. I'm going to be "stacking" as a long term investment. But all the info I get the better.
One question I do have, don't you worry about advertising the fact you collect gold? There are so many people on here talking about their collections and I keep thinking "when will they get burgled". Is this just me being paranoid, or is it a genuine risk?
Thanks.
I think you already know what you're going to do.You can't go wrong either way.
Beautiful! Collection
And keep the Libertads!
In contemplating the purchase of a rare numismatic coin priced in the thousands of dollars - does the thought of having such professionally graded (and the possible results thereof) play a part in your purchase consideration?
Ron McCord I enjoy getting coins graded but often there is disappointment attached
It comes down to weather or not you are collecting or stacking weight. If you just want weight, you would think buying the cheapest silver or gold would be the best way to accumulate the most for the money. If someone is stacking for weight, they will buy 10 modern sovereigns vs. Buying one rare sovereign.
They would look great after NCS ... I think there is a haze on them.
Another question is BU or Proof? I decided Silver Proof Britannia's. And I think you recommend Proof Sovereign's. If new. There are some BU Britannia's worth getting, but mostly the Proofs. The older coins that have unique designs are not that much more in Proof than BU. I would like to collect Proof gold Britannia's, but the availability for older coins is very limited. Hard to find.
I think they had a protective coating out on them 40 years ago when they were stored
I'd go for the 10 modern/normal, there are more easy to buy, and also sell if you need some money ASAP. Later sell 5 for a couple of better ones, maybe some nice shield backs and you still have the 5 left over. Then sell one the shield backs and some of the normal ones for something very good. However, as a Kev of very little brain and even less money I'll stick to buying half's if and when I can.
Have to ask yourself...am I a numismatic coin collector or a trader? Answer that & you will answer your video question. Although It's a bit unfair to compare proof coins with bullion coins. It would have been better to compare 1937 Proof Sovereigns with 'modern' Proof Sovereigns leveling the playing field...from there we can move on.
A 2016 1oz Gold Proof Sovereign on secondary market is ~ £430. If you are correct... at £3000 tops for the 1937 Sovereign that's ~7 times more expensive. A trader who decided to buy 7 modern proof sovereigns (not that traders generally buy proofs because of poor liquidity in an element of time) may be able to flip all 7 proofs in a few months for a profit 10% - 15% (depending on market) while the 'single' 1937 (£3000) coin may have never gained appreciably in step with the market. The profits are even better for the trader who buys same (£) amount in bullion. Essentially old or new, proof or not, they are all gold...with the proofs being perhaps less pure at 22 carat! Comparing the quality of modern proofs to old proofs, the strike quality of the modern proof coins is superior to the older coins...an important point for numismatists to note. ruclips.net/video/J4k2uiQ8X_E/видео.html
Perhaps the older proof may have a numismatic appeal in that they are "old" and in a sense rare...holding their value in history & sentimentally so! But remember the mintage of a modern coin for a particular year is also limited...another important point to consider.
Numi you are the type of guy who would say: "I rather not trade the old wife for a new beautiful wife...darn it's tempting though! The 'old bag' has served me well...can't risk taking chances with a new one."
If you can wait for profit...say ~20/30 years the '37 Sovereign seems attractive enough.
All a matter of personal choice...& that's what makes us different & the world interesting!
Ha ha you are not a stacked anymore, you became a numismatist!
No compare low mintage can’t compare to thousands or millions of new things
Quality > quantity
Like 👍
I buy low Mintage and hard find coins.
Those sets where mediocre not the best I’ve seen but still nice