Gold/silver coins

theleg · 27 Mar 2013 at 19:07

So for those of you who have purchased gold or silver coins, can you recommend trustworthy stores that you have bought from? Online or brick and mortar.

~>Dg<~ · 27 Mar 2013 at 19:11

you to late you missed the ship by about 3 or 4 years

theleg · 27 Mar 2013 at 19:14

~>Dg<~ said:
you to late you missed the ship by about 3 or 4 years

Thanks but i dont think I did

derfderfley · 27 Mar 2013 at 19:37

Balddog said:
Thanks but i dont think I did

Kinda, back to been more of a long term investment at the moment.

Places to buy from;

The Royal Mint prices are not very competitive, but you will get the items you pay for.

http://www.weightoncoin.co.uk/ actually based not far from me, so I order on-line and pick up in person.

http://www.coininvestdirect.com/en/ very keen prices but having to pay by bank transfer and expensive shipping mean you have to check how it costs out.

You don't say where you are in the country, so it's hard to recommend anywhere that may be local to you. So ask around your local (non chain) jewellers as many do stock gold coins, or are more than happy to order them in.

<edit> forgot to add http://www.perthmint.com.au/ postage can be a killer, but it can be cheaper than ordering some of the Australian coins through UK dealers. </edit>

theleg · 27 Mar 2013 at 19:47

derfderfley said:
Kinda, back to been more of a long term investment at the moment.

Places to buy from;

The Royal Mint prices are not very competitive, but you will get the items you pay for.

http://www.weightoncoin.co.uk/ actually based not far from me, so I order on-line and pick up in person.

http://www.coininvestdirect.com/en/ very keen prices but having to pay by bank transfer and expensive shipping mean you have to check how it costs out.

You don't say where you are in the country, so it's hard to recommend anywhere that may be local to you. So ask around your local (non chain) jewellers as many do stock gold coins, or are more than happy to order them in.

<edit> forgot to add http://www.perthmint.com.au/ postage can be a killer, but it can be cheaper than ordering some of the Australian coins through UK dealers. </edit>

Its not an investment as such.

thanks, ill take a look at those. im way down in the south west, not sure there are many places down here.

DJMK4 · 27 Mar 2013 at 19:50

I didnt purchase mine but they were handed to me, had around 2.0kg of pre 1947 silver coins which I made money from a while back

Pure profit apart from some ebay fee's

[FnG]magnolia · 27 Mar 2013 at 19:55

If it's not a STALKER coin then I'm not interested :mad:

tom_e · 27 Mar 2013 at 20:01

[FnG]magnolia;24017739 said:
If it's not a STALKER coin then I'm not interested

derfderfley · 27 Mar 2013 at 20:04

Balddog said:
Its not an investment as such.

thanks, ill take a look at those. im way down in the south west, not sure there are many places down here.

Not a great way to store money (short term) either as at best you will get for purchases is bullion cost +5-20% for gold coins (the larger the coin weight wise the closer you get to bullion market rates) also there is no vat on gold coins. On silver coins you are looking at bullion cost +5-10% +vat on top.
Selling to a dealer will usually get you bullion cost -10-15% for gold coins and as poor as bullion cost -25% for silver coins.
Flip side is if you get something rare you can make bullion cost +50-250% but you really need to know what you are doing to make money dealing in coins.

On the plus side they do make great presents though

theleg · 27 Mar 2013 at 20:50

derfderfley said:
Not a great way to store money (short term) either as at best you will get for purchases is bullion cost +5-20% for gold coins (the larger the coin weight wise the closer you get to bullion market rates) also there is no vat on gold coins. On silver coins you are looking at bullion cost +5-10% +vat on top.
Selling to a dealer will usually get you bullion cost -10-15% for gold coins and as poor as bullion cost -25% for silver coins.
Flip side is if you get something rare you can make bullion cost +50-250% but you really need to know what you are doing to make money dealing in coins.

On the plus side they do make great presents though

Bingo on the last sentence ^^

MBennett · 28 Mar 2013 at 09:26

http://www.guernseymint.com/

No Vat on silver if it stays in their vaults. If that is ok or not depends on the size of your tin foil hat

Free shipping on gold too.

If you do order silver then the postman will drop a card off saying you have to go pick it up at the depo and pay the customs charge.

xxalxx · 28 Mar 2013 at 10:02

derfderfley said:
<edit>[/I] forgot to add http://www.perthmint.com.au/ postage can be a killer, but it can be cheaper than ordering some of the Australian coins through UK dealers. </edit>

I live around 5 seconds from this place, it's diagonally across the road

aardvark · 28 Mar 2013 at 10:14

coininvestdirect - usually the best prices and very trustworthy/reliable.
no problem delivering very valuable items through the post.

AndrewCampbell · 8 Jul 2015 at 03:27

I think that it's important to check out the credentials of wherever it is that you're going to buy from. Especially when it has to do with precious metals in the physical sense. Go down and get them properly valued and make sure there's certifications and all that. If ordering online, search for reviews. You should be able to find SOMEBODY talking about them if the guy is legit. ** No business promotion please **

MaX_PoWah · 8 Jul 2015 at 05:22

Most of mine have come from either UK bullion in Sheffield or other random gold shops.. I have various coins ranging from 1 ounz gold to 1/10th silver.

There doesn't seem to be much for sale at the moment though with gold prices being low

I buy it to hedge the risk in my shares.. I figure if the stock market crashes then gold is going to go up again and I can sell it all and buy me some cheap shares ha! Although I do think there nice things.. Especially the 1 ounz coins.

Checking out the above links.. The new Australian mint coins are nice.

MadFruit · 8 Jul 2015 at 05:41

AndrewCampbell said:
I think that it's important to check out the credentials of wherever it is that you're going to buy from. Especially when it has to do with precious metals in the physical sense. Go down and get them properly valued and make sure there's certifications and all that. If ordering online, search for reviews. You should be able to find SOMEBODY talking about them if the guy is legit.

So someone signs up today to with the sole intention to bump a two year old thread, and suggests a link. Seems legit.

Malevolence · 8 Jul 2015 at 05:53

MadFruit said:
So someone signs up today to with the sole intention to bump a two year old thread, and suggests a link. Seems legit.

And it's also purely coincidental that the site they linked to is registered to someone in Newcastle-upon-Tyne too. I wonder, what are the odds of the AC in A.C. Silver also standing for Andrew Campbell?

bitslice · 8 Jul 2015 at 05:57

^And some guy called Andrew Campbell is the owner,
What are the chances that his long lost twin brother is running a silver shop?

byeo · 8 Jul 2015 at 06:06

Totally coincidental...

MadFruit · 8 Jul 2015 at 06:20

So that's four of us talking about him online, so under his terms, he must be legit! Ahhh, I see what he did thar. Very clever...