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sovereignsteve

Premium Member
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Reputation Activity

  1. Like
    sovereignsteve got a reaction from Kman in NGC Grading Submissions Open   
    is there any point in labelling these "first releases" as in theory, they were all minted on the same day?
  2. Like
    sovereignsteve got a reaction from silverin in GOLD DEALS - See a deal, post here :)   
    been there since yesterday. they have around 50, but nothing exciting re: years
    10% is pushing it imo
  3. Like
    sovereignsteve reacted to SovTracker in NGC Grading Submissions Open   
    First releases - now there's something to debate!
    I see many list "First Strike" or whatever and charge a big premium for it.
    In my view, just because you submit a coin in the first 30 days after minting it doesn't warrant this premium.
    A PF UC 70 is just that - about as perfect as you can get.
    So you buy a 20 year old Proof and send it off to NGC or PCGS and it comes back PF (PR) Ultra Cameo 70. So why should a coin submitted in the first 30 days command a Premium?
    In my view - it shouldn't! If you've kept your beloved coin, safe, secure and untouched for 50 years then decide to have it Slabbed - the number is the number - period!
    Well that's my opinion.
    What's yours?
  4. Like
    sovereignsteve got a reaction from Kman in NGC Grading Submissions Open   
    is there any point in labelling these "first releases" as in theory, they were all minted on the same day?
  5. Like
    sovereignsteve got a reaction from augur in Close up view and chemistry of the milk spots   
    still ammonia
     
    worth trying, I have some somewhere, just need to find a milked coin now.
    even if it left an area that wasn't perfect but was shiny silver rather than milk, that would be an improvement surely?
  6. Like
    sovereignsteve got a reaction from silverin in GOLD DEALS - See a deal, post here :)   
    been there since yesterday. they have around 50, but nothing exciting re: years
    10% is pushing it imo
  7. Like
    sovereignsteve got a reaction from MickB in Britannia Photo Thread...   
    Full Date Run, Proof 1oz Silver Britannia
     

  8. Like
    sovereignsteve reacted to Ansel in GOLD DEALS - See a deal, post here :)   
    Yes indeed, it seemed a bit expensive to me but thought it may be of use to someone. Seems I was pretty late to the party though! 
    This afternoon I'm having a very enjoyable and educational read through the Sovereign Talk thread. Seeing some of the wonderful coin purchases that HGM occasionally throw up made me have a quick look for the first time in a few days. 
  9. Like
    sovereignsteve reacted to UraaniBarbaari in Close up view and chemistry of the milk spots   
    Hello,
    Spent few hours yesterday evening after work looking at the white spotting in more detail. Please have a look if you are interested - I think it´s pretty cool. I´m no chemist and don´t quite understand the process so perhaps there is someone here who can comment more in depth. There should be link to the full PowerPoint at the end of this post. The ppt is pretty quickly put together.


     
    Milk_spots.pptx
  10. Like
    sovereignsteve got a reaction from mongo28 in Perth lunars, what to collect first?   
    Germany is the best place to source one of those, but it will come in at over €300
  11. Haha
    sovereignsteve got a reaction from Roy in Rosland Book of Gold Adverts on TV   
    Plenty of money in Yorkshire, but as you well know, it's difficult to extract
  12. Haha
    sovereignsteve reacted to Roy in Rosland Book of Gold Adverts on TV   
    Makes sense, they'll only advertise where the money is 😁
  13. Like
    sovereignsteve got a reaction from boon in Rosland Book of Gold Adverts on TV   
    Yorkshire?
  14. Haha
    sovereignsteve reacted to Murph in GOLD DEALS - See a deal, post here :)   
    It was an 1892 half.  Yet another to the collection
  15. Like
    sovereignsteve got a reaction from Silvergun in Today I received.....   
    a very underrated coin in my opinion, better than buying bullion at the same price
  16. Like
    sovereignsteve got a reaction from JCRJM in Storing precious metals?   
    better to have one that bolts to the floor, not foolproof but almost.
  17. Haha
    sovereignsteve got a reaction from Jay2 in Hypothetical Question - Where do I sell my silver?   
    off the Tyne bridge?
    sorry couldn't resist it, in a strange mood tonight, I'll get my coat
  18. Like
    sovereignsteve got a reaction from Silverhunter in Goldsilver.be blues, part 2   
    Personally I have no problem with you posting negatives about any company, so long as you can back it up with relevant experience.
    If you can back up any statement with hard evidence, what's the problem posting anything you have regarding this company? I for one would appreciate knowing everything regarding fellow forumite's  experiences; it all helps future buying decisions.
  19. Like
    sovereignsteve got a reaction from Silverhunter in Goldsilver.be blues, part 2   
    Personally I have no problem with you posting negatives about any company, so long as you can back it up with relevant experience.
    If you can back up any statement with hard evidence, what's the problem posting anything you have regarding this company? I for one would appreciate knowing everything regarding fellow forumite's  experiences; it all helps future buying decisions.
  20. Like
    sovereignsteve got a reaction from Silverhunter in Goldsilver.be blues, part 2   
    Personally I have no problem with you posting negatives about any company, so long as you can back it up with relevant experience.
    If you can back up any statement with hard evidence, what's the problem posting anything you have regarding this company? I for one would appreciate knowing everything regarding fellow forumite's  experiences; it all helps future buying decisions.
  21. Like
    sovereignsteve got a reaction from Silverhunter in Goldsilver.be blues, part 2   
    Personally I have no problem with you posting negatives about any company, so long as you can back it up with relevant experience.
    If you can back up any statement with hard evidence, what's the problem posting anything you have regarding this company? I for one would appreciate knowing everything regarding fellow forumite's  experiences; it all helps future buying decisions.
  22. Like
    sovereignsteve reacted to morezone in How much does it cost to self submit to NGC?   
    I have been asked a few times as to how much it cost me to to have my coins graded by NGC without going through a group submission so I thought I’d run the numbers for anyone interested.  It should also help you compare against PCGS if you are using them at the moment.

    Sending a small amount of coins yourself will cost more due to the higher postage costs to and from the USA and worked on a per unit basis.  However, this can then be offset against the cost of sending the coins to and from the group submitter.  Special Delivery is a minimum of £6.45 each way.

    My last submission was 10 coins so I’ll worth with those numbers for now.  But…..10 is not an ideal number of coins as it doesn’t make full use of the postage bands.

    To send 10 coins it cost £12.50 by Royal Mail.  My parcel was 330g or so but this price is the same upto 500g.  Per unit cost is £1.25 but if you had say, 15 coins in there then it would only be 84p per coin.

    For simplicity we’ll use a single tier for these 10 coins.  10 coins at the modern tier is $17 each but going through a group submission there will be a 10% discount doe to the membership level.  I’ll talk about membership at the end.  Each tier and add-on combination requires an separate invoice which is $8.  So far it costs $178 for 10 coins on the modern tier without anything any add-ons.

    Returning 10 coins is approx. $34.  However it is also the same cost to return 15 coins so the return cost can be reduced from $3.40 per coin for 10 to $2.27 per coin for 15.  The price will change as the value of the submission increases beyond value breaks as well as coin breaks so it’s a matter of running numbers if you want to maximise cost effectiveness.

    $178 to grade 10 coins and $34 to return the coins giving a US$ total of $212.  Using 1.3 as the exchange rate we get £163.  If you’re not using a foreign currency fee free card you will need to add on around 3%.  I’ll use 5% for simplicity so adding on 5% now gives a total of £171.23.

    Adding on the original postage cost of £12.50 gives a full grading cost of £183.73 which is £18.38 per coin.

    These numbers are as for coins submitted on the same tier and invoice.  If you wanted to have special labels on 2 of the coins then it will be an additional $8 for a new invoice for just those 2 coins.  Special labels will then have an additional cost of $4.50 per coin.  It should be $5 but I’ll explain that with membership.  These 2 coins will now cost $4.50 (label) and $4 (1/2 of invoice) more.  If you want special labels for add-ons such as double thick holder/scratch resistant holder the fees can add up unless there are enough coins to dilute the $8 invoice fee.  Same goes if you have coins which are going onto a separate invoice because it falls into a different tier.  The other 8 coins is now $8/8 rather than $8/10 so the unit cost for those have shifted up a little.  This is where group can have considerable savings since the invoice fee will be split between many more coins. My latest submission had a single coins going into a different tier.  That cost me an additional $8 just for that coin.
    I think that’s covered most of the fees and in conclusion it should cost you ~£18 if you submitted 10 coins on the modern tier on the same invoice without add-ons.

    Next is membership which is compulsory if you submit directly and there are several options and is valid for a year.

    Associate: $39 to join and gives you 10% off add-ons so special labels cost $4.50 instead of $5.  I do not believe is a level worth considering.

    Premium: $149 to join and again gives you 10% off add-ons.  This also gives you $150 back in credit which means as long as you grade more than 9 ($150/$17) coins then the membership is effectively free.  This is my recommendation.

    Platinum: $299 to join and gives back $150 credit so the membership is effectively $149.  Again you get 10% off add-ons but this level also gives you 10% off grading at both NGC and NCS.  Based on $17 grading fee you would need to submit 89 coins to break even.  It is less if you also submit to NCS and also higher value tiers as well.  Unless you’re submitting a lot of coins this level is not worth considering.  But if you do exceed this threshold you will save ~£1.30 per coin

    ANA:  As a member of the American Numismatic Association you can also submit to NGC.  ANA costs $28 but unless you’re already a member this route is not worth considering.

    Postage to both the USA and back is at your own risk.  I do not believe any courier will insure precious metals without some special agreement.  If you are worried about this you could directly submit to NGC in Germany.  There is also the PCGS route with direct submission in France and also at some of the UK coin shows.  It does eliminate postage risks but does add on travel costs and also VAT on grading.

    Although it costs me slightly more to grade myself than going through a group submission I do it so that I do not need to rely on anyone and also have a paper trail for the coins.  Counterfeiting has always been an issue with raw coins and there is also a small amount of counterfeit slabbed coins.  With grading growing rapidly in China we will most likely see more counterfeit slabs over time.  By having the paper work for my coins it will hopefully add some reassurance when I come to sell in the future.  I will have the original submissions forms from NGC, screen shots of the grading from NGC as well as the final invoice from NGC.  The invoice numbers and line details will match the cert number on the slab so if anyone every queries the authenticity, hopefully this will ease their mind.

    Hopefully I’ve covered everything or at least the important bits.
     
  23. Like
    sovereignsteve reacted to shortstack68 in Gold Libertad 2017 mintages?   
    Group hug 
  24. Like
    sovereignsteve got a reaction from Numistacker in Gold Libertad 2017 mintages?   
     
    c'mon guys, the bromance is kinda sick making
  25. Like
    sovereignsteve reacted to fehk2001 in GOLD DEALS - See a deal, post here :)   
    thank you, I will have a look next week