Are gold sovereigns actually worth it?
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- Опубликовано: 7 мар 2022
- In the modern world of crypto and NFTs, why should you invest in gold?
In this video, we look at some compelling reasons why sovereigns have been used for hundreds of years (and will continue to grow in value over time).
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I used to buy gold eagles, but fell in love with the Sovereigns and buy those now instead. Just so cool to get a coin that is older than me with all that history.
Sovs are awesome.
Because they are coin of the realm you do not pay capitol gains tax on them!
Have you seen an appreciation in value?
@@Makaveli4725 Last time I bought a bunch of Sovs gold was 1300 and oz. Today it is just over 2k. So yeah, it seems to have out paced inflation a bit. But remember that PMs are a hedge against inflation.
@michaelthebarbarian3380 I'm thinking about the hatton of London sovereign sets. Are they any good?
Most importantly, a gold coin in your hand never defaults and it's weight cannot be devaluated.
If you can’t hold it you don’t own it.
Sovereigns are a stackers best friend.
Please think?
@@royalsakura7830 ..I am a thinker RS. I do it all the time. What are you trying to convey to me?
@@royalsakura7830 Stay in your lane little boy.
@@warriorwarrior2573 ...cheers WW. 👍
Not to big not to small and stack in a small tube. Fill it up and you will be sitting pretty.
Good sound advice which has helped me after wondering whteher to buy some soverigns recently, great video
Great video Andreas
Glad you enjoyed it
0:00 💰 Gold sovereigns offer unique advantages as an investment, including being capital gains tax exempt in the UK.
1:20 🌍 Gold sovereigns have historical significance and are highly sought after by collectors worldwide.
2:42 🕰 Vintage gold sovereigns, even those over 100 years old, can be purchased with relatively low premiums over their metal value.
3:35 💡 Investing in gold sovereigns can potentially yield considerable premiums in the future, making them a compelling investment choice.
In 2005 Chard offered me £50 for a 1989 gold sovereign 500th anniversary capsulated in original presentation case and told me why he should'nt even be bothered over something of such low interest that worth no more than scrap. Within a couple of years prices shot up. Just shows how much he knows.
I bought a Half Sovereign circulated 1800s, sat with it in my hand dreaming of where and who had handled, owned this coin, I went on a fantastic imaginary journey
Stack sheild backs ,,the go up even if gold goes down
History in your hands 🪙
i have that coin the 1958 found it in my aunt coinpurse
At my lcs the premium is 1-3%…. I buy smaller ones when I can
To sell. When the gold sovereign was 199. 8 to 10 years back my father bought 3 half soverighn young head Q V they charged him 895. Extra fine how much would these be worth now the soverighn is 360 to buy
Is it worth buying any type of sovereign coin weather it be 1/4 1/2 or just buy full sovereigns?
Hello i have a gold sovereign coin year 1876 how much is the price now
Just got my 2022 gold sorvighn xmsss angel minted 150...minted Wait and see how much a 150 MINTED coin goes up.. London mint 6 left 1 12 2022
The coin in itself is relatively inexpensive. Take in consideration the age and gold content, history, beauty and what is not to like. I have many and will not part.
What's not to like?
0.917 purity and the rose gold colour of the newer sovereigns.
@@mohsinuddin7049yeah the rose gold modern ones are pretty shit to be honest, much rather have the gold old ones.
The 22k purity isn’t really an issue as it’s know that a sovereign is 7.98g of 22k gold or 7.3224g of pure gold, now a new sovereign costs £414.50 and the gold value is worth £384.28 so it’s only £30 premium which gold can easily make in under a year so you’re guaranteed results by holding sovereigns, plus it’s CGT and VAT free in the U.K. and it’s a cheap way of getting fractional gold. For example a 1/4oz which is 7.776 grams then you pay £447.10, it’s value is £408.08 which is a premium of £39. So the £9 you save on a sovereign is easy and they’re easy to liquidate.
Is it proof coin or brilliant uncirculated coin or bullion coin
Sovs are the best gold coin to invest in hands down.
Every other "coin" is just a bar in coin form.. theyre gimmicks.
Sovereigns have real novelty.
Personally though, i would prefer small cast bars for gold that is easy to handle as im not british.
Does anyone know of the 5g and 10g minted bars are ok to handle without capsules?
Yes because I can go metal detecting and find one close to home that I then can sell, but to find a gold nugget I need to travel a few hours to get to a spot to find one and when I do, I cant sell it without paying for miners rights and a claim title from the government.
Oh wait, you mean buy them? Why would you do that when they are in the ground waiting to be dug up?
I think in Europe the best option for stacking gold is the Gold Sovereign. You can buy and sell them anywhere and at a very small premium and even at spot price many times.(not semi's and proofs)
Also another strong point is, you might score a very rare sov that the seller has no idea of the numismatic value...
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I will bet anyone that there are more sovereigns here in Greece then there are in England. :)
Yes.. pure gold everywhere else.. preferable not a country of your realm...
Realm, dosent matter, in the money game, value and good hearts, are the owners of this type of valid metal 😌✊🏻
True, i clinched a very rare italian gold sovereign for very little over spot.
Funny thing is that the lady that sold it to me thought it was the coin of a completely different king 😂😂
I like sovereigns they are great and liquid and known the world over
You can get a Sov graded MS62 for $850AUD while melt value is $771 AUD, so your really paying $29 for history & $50 for grading. When you swap your paper money back you'll probably get more.
I live in Myanmar
I have grandfather
I live in Spain. I have sister.
I live England. I have cat.
I live Earth. I have penis.
I live in a van.
I have a Doberman.
Dutch 10 Gulden is what I buy 😊
why not just new Britannia coins?
Hi,iam from Malaysia I have one piece of gold medal for jewelry it queen victoria 1896, just ask for the Value?
your english is not clear , but i just bought an 1896 sovreign(not jewelery) for £395
If you buy as a long term investment then yes. Just don't expect to make money overnight.
Is there a way to store gold and silver coins to maintain their shininess?
Get some nice oil. I use Balistol. Oil your coin and then put it in a plastic coin case.
@@MetalicPotatoOf course, almost nothing u can have in your living space can tarnish Gold, right?
@@MetalicPotato Silver is “allergic” to sulphates and I have been told that because even 90% coins have a hefty amount of copper in it, they can still oxidate.
Hello, i have a gold sovereign coin year 1918, and 1927, how much it's the price now?
Bullionbypost is quoting buying at up to £430 each.. No bad if you have had them a while
Any US citizens here stack them? I buy a few...fascinated with the historical aspect of the coin. I haven't checked with any local dealers to see if they would even want them...
I’ve heard Is release don’t want them. If you ever had to sell, the online dealers will give you decent money for them. Such as they are selling for $565 and online dealers are giving $535. I wouldn’t say that’s much worse than buying a 1/4 oz gold eagle for $645 selling it for $588 🤷🏻♂️
A lot of peoples problem is they don’t shop around. Buy from the cheap dealers and sell to the high ones 👍
Do you find many mint errors in theses coins?
Indeed
Where else could you transfer the value of your earnings? (Without being consumed)
However slabbing a coin sort of 'locks' up its liquidity. You miught just as well get cheaper sovereigns (loose proof or bullion grade) for their gold content.
I have a date run from 1860 - 1932, all very nice condition, none of them slabbed and my loose proof are all missing dates and duplicates from 1973 onwards, again all very nice 'specimen'.
Also its worth mentioning the troy oz and fractional britannias, a bit more expensive for being 24ct, but an excellent substitute if you dont like the modern coppery post 2000 alloy.
When you put gold coins into simple 2 × 2 slips (black ones look even better) and have them set 20 to an A4 page, having graded/slabbed coins seems daft in my opinion.
Love my sovereigns but honestly I don't really see the premiums going to the moon on them purely because of scarcity.
Scarcity is what drives premiums which is why even now the coins that command high premiums are the ones that were minted in lower numbers at specific mints.
None of these vintage coins are being used as circulating currency, nobody is going to be mounting them in jewellery, nobody is melting them unless they are completely worn or bashed.
In essence all or virtually all the vintage sovereigns that are around now will likely still be around and in the same condition in another 100 years from now.
I completely agree. I heard an interesting analogy recently pertaining to the fact that 95% of all Aston Martin's ever built are still in running order.
You are forgetting the other side of the equation. In a future with much higher population, and more people in developing countries having middle class aspirations, there will be many more potential buyers for these same (or slightly reduced) number of vintage sovs.
@@ejkalegal3145 The global population has doubled in the last 50 years.
The premium above spot for a gold sovereign is currently between 5% to 6% and it hasn't really moved to any significant degree in the last 50 years.
The spot price of gold has moved up significantly but the premium on bullion sovereigns has not.
Sovs are the king 👑
Nice
20% to 30% premium??? Maybe an Indian minted one. I buy very good Beth Sovereigns at melt to 3%. I buy Vicki’s and Eddie’s for the same, but never more.
Im sri lanka i have victoria DG britt, Reg FD 1887 coin help me,,,,,,,!
I want to sell
Terbaik 🤩👍
Can you tell me if sovereigns are a good idea for Americans?
Check the taxes in your state. Whilst they are spread all over the globe the US tends to stick to its own coins, and due to geography you could probably pick up Mexican or Canadian cheaper. The Sovereigns is more of a Europe, Middle East and Asia coin
@@gunnargundersen3787 In the states both canadian and mexican would need to be declared at sale and I believe have the capital gains taxed. Kruegerrands too. I would avoid those. For inside the US, 1/4 AGE beats sovs in popularity, but tend to have higher premiums for that reason.
If anyone wants to buy first head Queen Victoria 1/2 sorvighn extra fine then I have three to sell.. You pay a premium more than 20 or 30 % 🤣🤣... My father and I buy the best... We payed 895 for the three we are liking for 1750 for three. Try and get a extra fine first head Queen Victoria 1/2 sorvighn.. You get a 1 gram gold coin for your interest.. Tobago...
We got them valued at 595 each over a year ago. And they will rise more and more....
😀
Hello
Hi There
Hello from me also
I will sell
I will buy.
Problems with the sovereign is it's an off weight coin, makes it a problem figuring out its worth.
Yeh, I can't wait till Calculators are invented. 😂👊
Until I can physically hold a Bitcoin in my hand I'll stay with gold.
Just be aware that holding gold is a long term investment. Hopefully mine will see the grandchildren through university.
Errrrr
Henry Tudor gave Gold Sovereign to his wives
I claim soverign
I have 1924 22k gold ... Any body want
Coins aren’t really an investment
For somebody like myself stacking gold and silver for 45 years and seeing 600 persent profit beats a bank account.
What are they then
@@jamesfarrell4929 its not 600% more like 4000+
@@danhill402 it’s a investment but you don’t buy gold to make money because it takes for ever to go up you buy gold because it’s a hedge against inflation
@@YouCanDoIt28828 no learn math he’s closer than you are 1500% in 45 years depending on what month but no where near 4000%
Numismatics....no interest in it.
The cheapest gold is the best gold. God created gold ....we just put a stamp on it.
There is no god.
@@ejkalegal3145
If you are right( and you are not), then all goes black and we power off when we die.
If I am right (and I am), then people who have accepted Christ when they transition have everlasting life. With those scoffing at Christ, they have an endless sorrow. So, without getting into the Bible or the tenants of Christianity and viewing this posed scenario from a secular risk to reward perspective: no downside and endless upside for Christians. No real upside and endless downside for atheists.
Your choice
@@good2goskee wait, so you're saying, if he is right, things are sad (according to you) and if you are right , things are happy (again, according to you). How does this in any way support your argument
@@michael_177
What I am commenting on in a very non-biblical, secular way is the cost-benefit to God. In these terms, which many atheists seem to relate to vs theology and faith, it shows potential endless downside for no real upside for the atheists. For Christians, there is no significant downside (generally no downside...there are exceptions) for unlimited upside. My argument is showing a risk-to-return.
I can't make it much more clear my friend.
@@good2goskee Okay but we're talking about tangible reality here. That was just word-soup
Gold proff sorvighns are worth the investment. 8 years for 545 now 895..i do better on gold.. For 99 pounds you can get a Q sorvighn 2 grams..now 108 I get 150 for the remembrance.. Its all about getting the correct audience.. My latest is two isle man gold 2022 Xmas sovereign 995 each.. With the angel and Robin running in the woods. The last portrait of our late Queen and with the angel on the revers if I sold in 6 months time I would triple my money. Only 150 minted. Its all about who you sell to... My father bought 5 or 199 each just BU.. They sell now for 350. That's a more than any bank can give you.. And now with Russia going to do a Moscow standerd unless the UK work with Russia over its fusion reactors when made to save Russia then as you no the Russia gold standers is going to raise all gold up. Like the 70s it went to 6k a onze. With India and its cheap oil gas from Russia all thier people will lift more better paid work all wanting gold silver no one trust the weaponised USA doller the gold will jump up to 2500 a onze. China doing a 24k panda we do 22k. And with Russia and China buying 300vtons at a time and Russia which gets 40% from all Russia mines they are also buying large amounts no one well almost no one noes they are buying lots as they will set the price for a fare price so all countries will benifit.. Yip gold is a good investment.. Buy now and you will see a great profit....
dont know why but dont like them.....
until you hold one in your hand.