I never pay more the 8% premium on fractional that’s why I stick to Sovereigns for my fractional. 1oz coins I stay under 5% premium and I usually buy 24k unless it’s an American Gold Eagle. Buffalos, Brits and Perth Mint products. Krugs and Maples draw the attention of the Internal Revenue Service for some reason.
I'm in Australia. Yes there's GST on 22k sovereigns, but if you buy on the secondary market you can get good prices for sovereigns (close to spot). It's worth stacking them.
Fantastic that's good to know. Australia has some great options from the Perth mint too. 22k there is treated similar to silver in the UK the dealers charge VAT but 2nd hand market does not, the only thing is that sellers know how much dealers charge and so usually increase their premiums accordingly (on 999 bullion at least)
Hello. About as safe as could be when shopping online with the top online dealers. The likes of second hand market places would be more risky especially for someone starting out who perhaps hasn't handled a lot of known genuine coins to compare with. There are genuine sellers who sell peer to peer but I'd strongly suggest sticking with reputable dealers at least initially.
If in doubt buy gold local to you, so eagles and buffalo if american, Britannia and sovereign if from uk, they are far more liquid and may have tax advantage too.
There's no right answer all of the time. If you have a local reputable coin shop is start there, if not I'd look at the main online dealers, stock levels vary and premiums rise and fall too. Also some places might offer better prices if you're buying 10 but another dealer could be cheaper buying just 1. This video should help you though ruclips.net/video/SH37UPoM2xo/видео.html
Since 2000 the sovereigns have taken up this more coppery look. I like George V and earlier the best (1932 and before) but the first 2 Liz portraits are not too bad either. This video might help you ruclips.net/video/65Aq3ZwwTcI/видео.html
This is usually the difference between 22ct and 24ct. Coins have the wane amount of gold in but 22ct doesn’t scratch nearly as easily as 24ct which is a nicer yellow colour but must be handled with care.
Hi, what about paying £1150 over spot price for a 1 ounce gold coin. This would obviously be a rare coin (mintage of 250 or less) and holds great historical value I.e. Queen Elizabeth II Platinium Jubilee 2022
In the current market that sounds like a very high premium. My thoughts on the modern low mintage coins is that there is more risk Vs normal bullion at a low premium. What would have to happen for the premium to increase further and at a greater rate than the gold price alone? What is the downside risk if the coin ends up trading at a price not much above bullion?
I really want one of these coins “The Queen’s Beasts” . But I can’t find any from reputable dealer. I found awaiting stock in Bullionbypost . Let me ask what is the difference in grades such as NGS MS69 and NGS MS70 ? Also there’ is without a grade at all. Can i have some clarification please ?
The Queen's beast coins have sold out now so you would be relying on them coming in 2nd hand. They pop up from time to time but some of the more desirable ones like Dragon, Griffin and 1st Lion are less common. In terms of the grading some say the difference between a 69 and 70 could be how the inspector felt on the day. I've seen some coins where a 69 looks perfect and others where the 70 seemed to be a bit marked.
Hello. There is no one best dealer to buy from as it depends on stock levels of what you're buying, the dealers premiums which change frequently and the quantity you're ordering. If you've got a reputable dealer you can go to in person I'd start there but this video may help you ruclips.net/video/SH37UPoM2xo/видео.html
Was buying sovereigns 6 yrs ago sheild backs £225 ,this yrs coin show July 2023 never seen one for less than £475,most over £500 ,,sheild backs always go up 👆
I'm very lucky that one of the LCS's go to is a numismatics shop, and the other one is an antiques shop. The numismatic store will pay market value of coins (at least spot + a little extra); and the antiques place will pay for precious metal content regardless of purity percentage. This isn't professional advice, it's just my opinion. Find good dealers to buy/sell/trade with. But that's the US. Here, it's really in the hands of the LCS.
I do like those Royal Coat of Arms 1oz Gold coins but looking at Atkinson this morning they have a £58 premium over a Britannia....No thanks and will just put that in the pot for the next Sov or backdated Krug or Maple!
Good to know. Sometimes out of area coins get traded at very good prices too and many people don't realise or pay much attention. A bit like if there were some of the 2008 fractional buffalo coins in the UK a lot of people like the buffalo but wouldn't realise what they're worth
I'm thinking about buying into gold. I was originally thinking of buying a 1kg bar, but then read that id have to pay capital gains when i sell in 10 to 15 years time. So i saw that sovereigns were a better option in this regard but i don't fully understand the premium issue. I was looking at buying 100+ sovereigns from the royal mint in one go. Is this a stupid idea?
The advantage of sovereigns or Britannias they are currently exempt from CGT like you say whereas the bars are not but also more divisible. You have options to buy and sell in multiple tranches eg you could buy say 10 Oz now, another 10 Oz in 6 months and the rest next year (however you see fit to spread your average cost out and not be exposed to one point in the market) Royal mint whilst reputable are rarely the cheapest and are not known for good customer service unfortunately. I'd take a look at Atkinson's, Bullion By Post, HGM or Baird and co, to name a few of the bigger online dealers. There is no one best dealer to buy from as it depends on stock levels of what you're buying, the dealers premiums which change frequently and the quantity you're ordering. Hope that helps 👍🏼
It's sad that every stacking channel do the same videos over and over again. I've been watching you for a long time and I have seen multiple video like this one. It's repetitive. And the stacking community do the same. I have a great idea of video. For exemple talk about the value of a gold sovereign back in Victorian era vs now. Or, the value of silver since ancient time. Or even the salary of a UK Capitain back in 1700. There is so many things to do. This would actually be interesting. Hope you take on my advice 👍
Thanks for taking the time to comment. Always good to hear some feedback. A lot of my videos I make to answer questions that get asked most of the time in the comments. I've a list of videos that I want to make some requiring more research than others. Interestingly a few you mention such as salaries Vs gold and what a gold sovereign would buy over the past 200 years, gold Vs property etc are topics I'm in the process of putting together notes and data for however verifying such information is a challenge and has a lot of variances that I want to make sure are catered for. Your suggestions are much appreciated 👌🏽
My advice to all of you, who don't know what gold should you buy - you can't go wrong buying gold Sovereigns (living in the UK)!
Agreed, sovs or 1 Oz Brits if you like something bigger
i bought 2 gold sovereigns and a silver 2025 britania today, im so glad i keep my money out of the banking system.
I never pay more the 8% premium on fractional that’s why I stick to Sovereigns for my fractional. 1oz coins I stay under 5% premium and I usually buy 24k unless it’s an American Gold Eagle. Buffalos, Brits and Perth Mint products. Krugs and Maples draw the attention of the Internal Revenue Service for some reason.
Good to have some limits. It makes sense to stick with the low key option too
I'm in Australia. Yes there's GST on 22k sovereigns, but if you buy on the secondary market you can get good prices for sovereigns (close to spot). It's worth stacking them.
Fantastic that's good to know. Australia has some great options from the Perth mint too. 22k there is treated similar to silver in the UK the dealers charge VAT but 2nd hand market does not, the only thing is that sellers know how much dealers charge and so usually increase their premiums accordingly (on 999 bullion at least)
Sovereigns in Aus are a great go to they are not too hard on the wallet and are a beautiful stacking option
What are your thoughts on 20 francs gold coins like the Swiss Helvetia and the French Rooster?
I really like the rooster
As a french i find rooster coin ugly. I would go with the napoleon 3 version or the swiss one but the rooster is cheaper
Good options for low premium gold. The coins themselves I think are stunning especially the rooster.
There are a lot of nice options the shield design is nice too
Just starting out. How safe is it to buy gold coins from the online dealers such bullion by post as an example. Many thanks
Hello. About as safe as could be when shopping online with the top online dealers. The likes of second hand market places would be more risky especially for someone starting out who perhaps hasn't handled a lot of known genuine coins to compare with. There are genuine sellers who sell peer to peer but I'd strongly suggest sticking with reputable dealers at least initially.
@@SovereignSaurus many thanks. Appreciated
If in doubt buy gold local to you, so eagles and buffalo if american, Britannia and sovereign if from uk, they are far more liquid and may have tax advantage too.
Good call
If i buy less thank £5k gold in one year do i have to tell hmrc?
Or can i just store it without telling them and then i just pay tax when i sell it?
It's a question to ask your accountant. I'd keep a record of your purchase and then when you sell it you'd work out any gains and taxes due. 👍🏼
Can’t go wrong with a sovereign 🙆♂️, but I must admit, the completer looks nice👌. J, Appreciate the great videos, thank you.
The Completer seems to be a favourite. Should have bought a few more spares it seems haha.
Where is the best place to buy sovereigns in the uk?
There's no right answer all of the time. If you have a local reputable coin shop is start there, if not I'd look at the main online dealers, stock levels vary and premiums rise and fall too. Also some places might offer better prices if you're buying 10 but another dealer could be cheaper buying just 1. This video should help you though
ruclips.net/video/SH37UPoM2xo/видео.html
What year did the sovereigns go the new coppery colour? New to this and looking for a sovereign for the next purchase but not a fan of the new ones.
Since 2000 the sovereigns have taken up this more coppery look. I like George V and earlier the best (1932 and before) but the first 2 Liz portraits are not too bad either. This video might help you
ruclips.net/video/65Aq3ZwwTcI/видео.html
This is usually the difference between 22ct and 24ct. Coins have the wane amount of gold in but 22ct doesn’t scratch nearly as easily as 24ct which is a nicer yellow colour but must be handled with care.
Hi, what about paying £1150 over spot price for a 1 ounce gold coin. This would obviously be a rare coin (mintage of 250 or less) and holds great historical value I.e. Queen Elizabeth II Platinium Jubilee 2022
In the current market that sounds like a very high premium. My thoughts on the modern low mintage coins is that there is more risk Vs normal bullion at a low premium. What would have to happen for the premium to increase further and at a greater rate than the gold price alone? What is the downside risk if the coin ends up trading at a price not much above bullion?
I really want one of these coins
“The Queen’s Beasts” .
But I can’t find any from reputable dealer.
I found awaiting stock in Bullionbypost .
Let me ask what is the difference in grades such as
NGS MS69 and NGS MS70 ?
Also there’ is without a grade at all.
Can i have some clarification please ?
The Queen's beast coins have sold out now so you would be relying on them coming in 2nd hand. They pop up from time to time but some of the more desirable ones like Dragon, Griffin and 1st Lion are less common.
In terms of the grading some say the difference between a 69 and 70 could be how the inspector felt on the day. I've seen some coins where a 69 looks perfect and others where the 70 seemed to be a bit marked.
hi where do you usually buy your coins
Hello. There is no one best dealer to buy from as it depends on stock levels of what you're buying, the dealers premiums which change frequently and the quantity you're ordering. If you've got a reputable dealer you can go to in person I'd start there but this video may help you
ruclips.net/video/SH37UPoM2xo/видео.html
Was buying sovereigns 6 yrs ago sheild backs £225 ,this yrs coin show July 2023 never seen one for less than £475,most over £500 ,,sheild backs always go up 👆
If you see any nice shields for £225 this week buy them all
@@SovereignSaurus they will be dud ones ,,,off eBay ha ha ,,I have 3 short tails ones , nobody seems to know about those except in marsh book,,
I'm very lucky that one of the LCS's go to is a numismatics shop, and the other one is an antiques shop. The numismatic store will pay market value of coins (at least spot + a little extra); and the antiques place will pay for precious metal content regardless of purity percentage. This isn't professional advice, it's just my opinion. Find good dealers to buy/sell/trade with. But that's the US. Here, it's really in the hands of the LCS.
Another excellent vlog thank you.
Glad you enjoyed it 🍻
Do people need to pay vat when you export too X country in Europe ? Ame how much gram can people buy without playing vat?
You would have to check on the specific countries and also the type of gold. 👍🏼
I do like those Royal Coat of Arms 1oz Gold coins but looking at Atkinson this morning they have a £58 premium over a Britannia....No thanks and will just put that in the pot for the next Sov or backdated Krug or Maple!
Yeah at the current premium I wouldn't buy another and would go for the Brit.
Gold sovereigns are loved and treated well in America. They are semi numismatic pieces for the older coins.
Good to know. Sometimes out of area coins get traded at very good prices too and many people don't realise or pay much attention. A bit like if there were some of the 2008 fractional buffalo coins in the UK a lot of people like the buffalo but wouldn't realise what they're worth
I'm thinking about buying into gold. I was originally thinking of buying a 1kg bar, but then read that id have to pay capital gains when i sell in 10 to 15 years time.
So i saw that sovereigns were a better option in this regard but i don't fully understand the premium issue. I was looking at buying 100+ sovereigns from the royal mint in one go.
Is this a stupid idea?
The advantage of sovereigns or Britannias they are currently exempt from CGT like you say whereas the bars are not but also more divisible. You have options to buy and sell in multiple tranches eg you could buy say 10 Oz now, another 10 Oz in 6 months and the rest next year (however you see fit to spread your average cost out and not be exposed to one point in the market)
Royal mint whilst reputable are rarely the cheapest and are not known for good customer service unfortunately. I'd take a look at Atkinson's, Bullion By Post, HGM or Baird and co, to name a few of the bigger online dealers.
There is no one best dealer to buy from as it depends on stock levels of what you're buying, the dealers premiums which change frequently and the quantity you're ordering.
Hope that helps 👍🏼
@@SovereignSaurus It does! Thank you very much!
Like #24 great discussion mate, really enjoyed this
Thanks mate 🍻
Just subbed
Much appreciated, plenty of gold shiny stuff to see and I should have some of the newly released coins arriving next week 👌🏽
It's sad that every stacking channel do the same videos over and over again. I've been watching you for a long time and I have seen multiple video like this one. It's repetitive. And the stacking community do the same.
I have a great idea of video. For exemple talk about the value of a gold sovereign back in Victorian era vs now. Or, the value of silver since ancient time. Or even the salary of a UK Capitain back in 1700. There is so many things to do. This would actually be interesting. Hope you take on my advice 👍
Thanks for taking the time to comment. Always good to hear some feedback. A lot of my videos I make to answer questions that get asked most of the time in the comments.
I've a list of videos that I want to make some requiring more research than others. Interestingly a few you mention such as salaries Vs gold and what a gold sovereign would buy over the past 200 years, gold Vs property etc are topics I'm in the process of putting together notes and data for however verifying such information is a challenge and has a lot of variances that I want to make sure are catered for.
Your suggestions are much appreciated 👌🏽
@@SovereignSaurus👍