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ziknik

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Posts posted by ziknik

  1. The physical spread price of coins is herding more people into ETFs thinking they are getting a deal by not paying commissions or excessive spreads. Except one is gold and the other a wall street abortion.

     

    What do you think of BullionVault / Goldmoney?

     

    I’m planning to sell a load of silver coins and move the money in to GM silver. I don’t feel comfortable with the amount of silver I have at the moment. I’ve moved a load to my mum’s house for safety but I still want to offload some coins.

     

  2. ...

    I suspect your credit rating is poor for the same reason mine is: you don't have enough debt.

    ...

     

    Owning credit cards helps your credit rating as does having a current account with an overdraft. It doesn’t really matter that you haven’t used them. Every month, the card issuer or bank puts a little smiley face on to your credit record. It is also helpful if you keep accounts for a long period of time so your credit record shows a long history of successful credit management.

     

  3. The thread was 'moved' after 6 hours. An hour after it was 'moved' I still couldn't find it.

     

    FTR 75% of voters in the poll voted for increased tolerance towards gold threads on the main forum.

     

    Mods no doubt will ignore that which is a pity as there are some very good posters there with alternative points of view.

     

    Speaking of alternative pov, where did magpie go?

     

    To be fair to the mods, the poll is biased against people wanting to vote ‘NO’ because the second question does not allow a ‘NO’ option

  4. point taken - perhaps not the best example, but it was close to hand this am and i was rushing. Needless to say, it almost certainly will not sell for anything less than spot.

     

    There is some numismatic market for low grade pre-1920 sterling. Out of the pre-20 bundles I have bought, I have sold a few worn george III / vict. crowns and gothic florins etc. well above spot, hence bringing down the overall costs of my purchases. Basically, the bottom line for me is that I am fed up paying exorbitant VAT (in the UK) and dealer commissions and have ventured down a different path in addition to buying mint bullion

     

    I hope you are right. I bought more scrap coins than I really want in a buying frenzy.

     

    I'm planning to put all my Pre 1920 coins on ebay. I'm going to put all the money I raise in to goldmoney silver.

     

    I only want to keep my core holding of silver in my possession. Right now all my secret hiding places are overflowing because I’ve got too many coins. I’ve had to move about 30% of my stash to my mum’s house for safe keeping.

     

    I’ve decided not to sell my oversupply of Pre 1947 yet because these still sell under spot (sometimes) on ebay and I don’t want to release them for a potential loss.

     

    I don’t think it will be long before Pre 1947 are selling for a premium on ebay. Some of the bigger packs sell comfortably for spot +30%.

  5. I am prepared to pay spot + 10% on pre 1920 'scrap' (and have been doing so up until a few months ago). Certainly cheaper than spot + VAT + dealer commissions

     

    We shall monitor this lot to see the %over spot - http://cgi.ebay.co.uk/SCRAP-SILVER-COINS-9...%3A1|240%3A1318

     

    There are two big foreign coins in the centre of the photo.

     

    One coin has a ring through it, at the top of the image. The ring is probably silver or silver plated, but might not be.

     

    And there’s a big clasp at the left side of the image.

     

    I would bid spot -10% for this lot.

     

    (I know I probably wouldn’t win it)

     

  6. But who has pre 1920 at spot?

     

    Do you know you can buy scrap silver coins for less than spot on ebay? I have bought a few kilos.

     

    Usually, the smaller sized packs go for around spot price, but using this https://www.myibay.com/ you can get them under spot sometimes including the postage

     

    I've been buying for upto a 50% (off spot) discount. I've received 100s of packages with 3-5 coins over the last month. Sunday is the best day.

     

    The bigger packages 1kg+ tend to attract a lot of attention, so these rarley go for less than spot, but they are still worth a shot with https://www.myibay.com/ (it's free. download the free Firefox or Opera plugin).

  7. Does anyone want 3kg of Pre 1947 silver coins?

     

    I bought a load of silver coins from an antique dealer in Nantwich. He’s got some more for sale. I’m not buying them because my collection is complete.

     

    He charges just below spot silver price. 95 Troy ounces of coins for £400 (47.5 Troy ounces of silver). +£20 for postage

     

    PM me if you are interested I will pass on details.

     

    Note, he’s no friend of mine, any deal you do is between you and him. I have bought from him before and I am happy with my coins.

  8. well that was tempting fate wasn't it? :lol:

     

    looks like the 1 oz coins have gone up a £1 per oz to £15 each.

     

    mind you he's missed a price increase on the last 10 oz australian ox so i've just bought it. so hands off!

     

    expect the price of silver to tank next week then... :P

     

    Good to see some new stock :)

     

    I was a little worried when I saw the coins running out

     

    http://www.airedalecoins.co.uk/catalog/index.php?cPath=58

  9. They do half ounces and even quarter ounces in the gold kiwi here in New Zealand. i have a sister who will buy a few... "got to squirrel away a few nuts" she says.

     

    The Sov isn't an ounce coin

     

    Full Sov = 8 gram

    1/2 Sov = 4 gram

    1/4 Sov = 2 gram

     

    22 carat

     

  10. "This is the first time that the quarter sovereign has been struck for issue to the general public."

    ...

     

    Opps, I should have read the text :rolleyes:

     

    EDIT: "Worldwide issue limit of 50,000" - Sounds incredibly low. Is there only 50,000 of them? Or is there 50,000 of each box? (Bullion, Baby, Congrats). And does the 50,000 include the ones at Chards and other shops. 50,000 is not very many at all! (?)

     

    Bullion http://www.royalmint.com/store/BritishGold/UKBQ09RN.aspx

    Baby http://www.royalmint.com/store/BritishGold/UKBQ09RC.aspx

    Congrats http://www.royalmint.com/store/BritishGold/UKBQ09RB.aspx

  11. The Royal Mint marketing working overtime again, from public calls of your coins are so expensive!

     

    They could have put the price down :(

     

    TBH, I think the Royal Mint coins are sometimes* pretty good value. Coins come on a nice looking presentation card, free delivery and I can use my cashback credit card for purchasing. :)

     

    * They don’t change their prices often. I’ve seen Royal Mint selling for less than CID.

  12. It is not a problem going through Customs in the UK and most airports as long as you are below the limits.

     

    They got changed in December though Euro stays at €15k and GBP increased to £9K because of the parlous state of the GBP, unless you ask Gordon of course and he will say that the UK economy is sound and it individuals honest so we have shown our trust in the people and upped the limit.

     

    That’s interesting. Why does £ and € have different limits (?). I thought any currency would be viewed as an EUR value.

     

    Do you know if USD has a different limit?

     

  13. Prompts me to ask if anybody has ever tried taking

    gold coins through an airport lately?

    I'm thinking the best bet is to mix it in with regular coins and put it through

    the hand luggage scanner.

    Anybody fancy doing a trial run with a sov or two and reporting back? :unsure:

    ABB

     

    Someone has. The limit is €10k or €15k. Same as paper money. Can't remember who.

  14. You quoted my post but didn't refer to the volumes questions. Do you know?

     

    On a greater scale irrelevant. This doesn't mean that we don't want to hear about the volumes if someone knows. :)

     

    There is a volume measure in these stats going back to 1996. I’m not sure what they mean. Anyone know?

     

    http://www.lbma.org.uk/stats/clearing

     

    EDIT: Clearing

    http://goldchat.blogspot.com/2009/01/londo...n-clearing.html

    http://www.lse.co.uk/financeglossary.asp?s...nition=clearing

    http://en.wikipedia.org/wiki/Clearing_(finance)

     

    EDIT2 I think I understand now. 'Clearing' is volume traded. When the volume (supply) goes down, the price goes up (?)

     

  15. ...

    Ive do not have any experience with shares so I would appreciate the veiws of others. Does anyone know if any of these companies are dogs?

    ...

     

    I hope not. I think I have all of them. I’ll check tonight and confirm. I bought Gold Funds (Investec, Black Rock and Ruffer) to give me a load of exposure to gold miners without paying lots of fees.

     

    You’ll pay £12.50 for each one you buy at Selftrade

     

    EDIT: Anyone got Investec Global Gold fund? They’ve made some changes to the Objectives.

     

    I’ve pasted them in a new thread here: http://www.greenenergyinvestors.com/index.php?showtopic=5785

  16. Silver is generally produced as a by-product of base metal mining. So silver production is difficult to increased without affecting the price of base metals. Currently mines are shutting down which decreases silver production. Silver consumption is almost certainly also decreasing. Maybe the two will balance perfectly, but I doubt it. My guess is that the reduction in supply will hasten the decline in above ground silver stockpiles.

     

    I realised that I’d asked a dumb question and tried to delete it before anyone saw it ;)

     

    Thanks for your reply :)

     

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