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Pete

Premium Member
  • Content count

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  • Country

    Austria

Reputation Activity

  1. Like
    Pete got a reaction from PureGold in Gold Unicorn - Queens beast!   
    Just did a quick check for Unicorn 1 ounce prices releasing Sept 25th -
    Royal Mint - £1,038.26
    Atkinsons - £1,021.08
    Chards - £1,021.19
    Anyone found any better prices ( include delivery for comparisons ) ?
  2. Like
    Pete got a reaction from Sadbuttrue2 in Coin catalogues and guides?   
    I purchased a book from a member on this forum that might get you started -
    The author is Sebastian Wieschowski and more info can be found at bullionblog.eu
     
  3. Like
    Pete got a reaction from Roy in proof coins questions   
    I once bought an expensive proof from BBP and had to return it as it was significantly marked.
    Best place is this forum.
    If you care to PM me I have several quarter Brit proofs in boxes with numbered certs.
    Let me know what BBP is asking and I will try to beat it making it worth your while.
    I also have several boxed proof sovereigns, not looking to sell, but always interested in offers - PM me with your target price.
  4. Like
    Pete got a reaction from Jester in Checking if coins are fake   
    Your weights fall well inside the tolerances for full sovereigns that have been in circulation.
    The specified weight is 7.988 for an uncirculated coin and you may find coins over 8.0g
    With wear and tear you will typically loose about 0.5-0.75% so down to about 7.93 g.
    Provided the weights are in range - which yours are - and they are the correct diameter then the giveaway of a fake is it will be noticeably thicker.
    Don't immediately panic if you are comparing just the rims as some coins have protruding rims or less wear on the edges.
     
  5. Like
    Pete got a reaction from Roy in proof coins questions   
    I once bought an expensive proof from BBP and had to return it as it was significantly marked.
    Best place is this forum.
    If you care to PM me I have several quarter Brit proofs in boxes with numbered certs.
    Let me know what BBP is asking and I will try to beat it making it worth your while.
    I also have several boxed proof sovereigns, not looking to sell, but always interested in offers - PM me with your target price.
  6. Like
    Pete got a reaction from Roy in proof coins questions   
    I once bought an expensive proof from BBP and had to return it as it was significantly marked.
    Best place is this forum.
    If you care to PM me I have several quarter Brit proofs in boxes with numbered certs.
    Let me know what BBP is asking and I will try to beat it making it worth your while.
    I also have several boxed proof sovereigns, not looking to sell, but always interested in offers - PM me with your target price.
  7. Like
    Pete got a reaction from kimchi in Has the sh@t finally hit the dollar fan?   
    Protesting the poll tax - let me think for a minute.

    Currently home owners pay a council tax based on the value of their property which funds council expenditure which covers salaries, pensions, schools, social care, police, fire, parks & libraries and of course bin collecting.
    The council tax takes no account of the number of occupants and therefore the number of wage earners in a household.
    People who stretched themselves to afford a large house to raise a family are now living say as a retired couple.
    Their council tax might be for example £2,500 per annum.
    Across the street in a smaller property live multiple occupancy young families - 6 wage earners for example, and their total council tax is £1,800 so equivalent per couple to £300. So the retired couple pay 8 times as much !! Doesn't seem right to me.
    The media of course resorted to the comparison between the Duke and his cleaner paying the same poll tax but that's a poor reason to abandon it.
    Most ( but not all ) of the poll tax protestors were not paying any council tax in the first place so when they were having to pay a contribution for local services they didn't like that. It is time we re-introduced the poll tax or created a local income tax as the former rates system is grossly unfair.
  8. Like
    Pete got a reaction from kimchi in Has the sh@t finally hit the dollar fan?   
    Protesting the poll tax - let me think for a minute.

    Currently home owners pay a council tax based on the value of their property which funds council expenditure which covers salaries, pensions, schools, social care, police, fire, parks & libraries and of course bin collecting.
    The council tax takes no account of the number of occupants and therefore the number of wage earners in a household.
    People who stretched themselves to afford a large house to raise a family are now living say as a retired couple.
    Their council tax might be for example £2,500 per annum.
    Across the street in a smaller property live multiple occupancy young families - 6 wage earners for example, and their total council tax is £1,800 so equivalent per couple to £300. So the retired couple pay 8 times as much !! Doesn't seem right to me.
    The media of course resorted to the comparison between the Duke and his cleaner paying the same poll tax but that's a poor reason to abandon it.
    Most ( but not all ) of the poll tax protestors were not paying any council tax in the first place so when they were having to pay a contribution for local services they didn't like that. It is time we re-introduced the poll tax or created a local income tax as the former rates system is grossly unfair.
  9. Like
    Pete got a reaction from kimchi in Has the sh@t finally hit the dollar fan?   
    Protesting the poll tax - let me think for a minute.

    Currently home owners pay a council tax based on the value of their property which funds council expenditure which covers salaries, pensions, schools, social care, police, fire, parks & libraries and of course bin collecting.
    The council tax takes no account of the number of occupants and therefore the number of wage earners in a household.
    People who stretched themselves to afford a large house to raise a family are now living say as a retired couple.
    Their council tax might be for example £2,500 per annum.
    Across the street in a smaller property live multiple occupancy young families - 6 wage earners for example, and their total council tax is £1,800 so equivalent per couple to £300. So the retired couple pay 8 times as much !! Doesn't seem right to me.
    The media of course resorted to the comparison between the Duke and his cleaner paying the same poll tax but that's a poor reason to abandon it.
    Most ( but not all ) of the poll tax protestors were not paying any council tax in the first place so when they were having to pay a contribution for local services they didn't like that. It is time we re-introduced the poll tax or created a local income tax as the former rates system is grossly unfair.
  10. Like
    Pete got a reaction from kimchi in Has the sh@t finally hit the dollar fan?   
    Protesting the poll tax - let me think for a minute.

    Currently home owners pay a council tax based on the value of their property which funds council expenditure which covers salaries, pensions, schools, social care, police, fire, parks & libraries and of course bin collecting.
    The council tax takes no account of the number of occupants and therefore the number of wage earners in a household.
    People who stretched themselves to afford a large house to raise a family are now living say as a retired couple.
    Their council tax might be for example £2,500 per annum.
    Across the street in a smaller property live multiple occupancy young families - 6 wage earners for example, and their total council tax is £1,800 so equivalent per couple to £300. So the retired couple pay 8 times as much !! Doesn't seem right to me.
    The media of course resorted to the comparison between the Duke and his cleaner paying the same poll tax but that's a poor reason to abandon it.
    Most ( but not all ) of the poll tax protestors were not paying any council tax in the first place so when they were having to pay a contribution for local services they didn't like that. It is time we re-introduced the poll tax or created a local income tax as the former rates system is grossly unfair.
  11. Like
    Pete got a reaction from Micky9776 in Updated Michael Marsh book   
    I nearly offered £30 but after a quick check on Amazon -

  12. Like
    Pete got a reaction from arshimo2012 in 1oz Queens Beasts gold dragon   
    PM'd
  13. Like
    Pete got a reaction from MickB in Metal detecting   
    My metal detector saved me £600 in new tyres after a kitchen refurbishment.
    I found over 20 metal joinery screws on my driveway ( where the skip had been located ) buried just under the surface in the pea-shingle, that would have definitely ended up in tyres.
  14. Like
    Pete got a reaction from Jester in Waiting for Christmas or?   
    The charts over the past 12 months are like a roller coaster or the back of Nessie the Loch Ness monster - in mathematical terms a "sine wave" no less.
    There is a buying dip right now so waiting for Christmas might be a mistake - however there are no guarantees that the price will not drop further.
    I think the markets are getting set for a UK interest rate rise which has the opposite effect on PMs but if North Korea detonates another nuke or fires a longer range missile everything changes in a flash.
    Volatility is the word to remember and trying to predict the markets is impossible.
    You might get lucky one day but as soon as your back is turned something will bite you in the ass.
    If you have the cash burning a hole in your pocket, then if it was me, I would buy some now.
    You may find buying sovereigns after gold spot has dropped, as it just has, becomes tricky, or premiums rise from 3% to 5% ( or more with some sellers ), as there will be many other buyers cleaning up whilst at the same time there will be fewer sellers, preferring to hold for the next rise, so they become harder to find at a decent price.
  15. Like
    Pete got a reaction from kimchi in question about sovereigns   
    I have a feeling that the proofs are stuck using different dies which have a sharper / better defined profile / cameo.
    There is considerably more care in the pressing and the coin could be subjected to multiple strikes of the press.
    The blanks are spotless and cleaned carefully before entering the press.
    Then the coins are carefully inspected and handled and not dropped into a coin hopper like regular bullion coins.
  16. Like
    Pete got a reaction from Micky9776 in Updated Michael Marsh book   
    I nearly offered £30 but after a quick check on Amazon -

  17. Like
    Pete got a reaction from Jester in Checking if coins are fake   
    Your weights fall well inside the tolerances for full sovereigns that have been in circulation.
    The specified weight is 7.988 for an uncirculated coin and you may find coins over 8.0g
    With wear and tear you will typically loose about 0.5-0.75% so down to about 7.93 g.
    Provided the weights are in range - which yours are - and they are the correct diameter then the giveaway of a fake is it will be noticeably thicker.
    Don't immediately panic if you are comparing just the rims as some coins have protruding rims or less wear on the edges.
     
  18. Like
    Pete got a reaction from Jester in Checking if coins are fake   
    Your weights fall well inside the tolerances for full sovereigns that have been in circulation.
    The specified weight is 7.988 for an uncirculated coin and you may find coins over 8.0g
    With wear and tear you will typically loose about 0.5-0.75% so down to about 7.93 g.
    Provided the weights are in range - which yours are - and they are the correct diameter then the giveaway of a fake is it will be noticeably thicker.
    Don't immediately panic if you are comparing just the rims as some coins have protruding rims or less wear on the edges.
     
  19. Like
    Pete got a reaction from Jay2 in Starting to stack silver coins. What should I look at getting?   
    Are you in the USA ?
    If so you are kind of lucky if you have a local shop selling ASEs and Maples on low margin without any tax to pay.
    This means you can flip your coins not having to make 20% just to cover UK VAT.
    Buying cheap bullion silver is simply converting paper fiat currency into metal and hoping that the metal price will increase in time.
    For sure the paper fiat will decrease over time due to quantitative easing and inflation.
    If you believe silver is undervalued ( market manipulated ) then now is a good time to buy cheap bullion as it will rise in value with spot if it increases.
    Premium coins are another matter altogether.
    Theoretically a lunar coin or similar costing much more to buy should hold its value and over time increase in value but that is not always true.
    If silver spot rises dramatically the premium coin might not follow as it already has a margin built in that is determined by demand and not spot.
    Some coin series like the RAM Kangaroos are rising in price because of their collectibility but others have halved in value from their initial price as they fall out of the feeding frenzy at the time. Hard to predict so depends on your strategy and also on your spending power.
     
  20. Like
    Pete got a reaction from DaveWheat89 in question about sovereigns   
    Ask a jeweller because you can buy different colours of gold including white gold.
    It's all in the alloy but a sovereign must contain the correct weight of gold to make it 22ct.
    I also think the way the Mint press their coins might have changed as not only do they appear a different, more coppery colour, they have an extremely high glossy look these days. Personally I prefer the matt finished older coins.
  21. Thanks
    Pete reacted to sixgun in Cuban coins   
    Be careful about what you leave in your hold luggage. Have everything of value on your person.
  22. Like
    Pete got a reaction from Myblueheaven in What ..... after Brexit for our Silver & Gold ???   
    Gold will not be affected and silver imports will attract VAT at the full 20%.
    There will not be any import duties on PMs so only the VAT to consider which is presently attractively ( to us fleeced Brits ) based on the loophole of differential VAT after the German rate on coins ( not bars ) was raised from 7% to 19%. Funny how our UK dealers don't use this technique like GS.be and STG.
    We investors are not even on the radar when it comes to the volume of silver sales so there will be no incentive for the government to lower VAT.
    Silver is an industrial ( whilst considered precious ) metal as is Platinum and both are fully VAT rated.
    There is possibly enough coinage in our fellow stackers coffers to satisfy most forum members' future requirements only that the more mature and longer serving stackers are still hurting from the £30 per ounce era. If silver ever rises to those levels there will be sufficient coins coming up for sale.
     
  23. Like
    Pete got a reaction from Gav in what do you make to this   
    If a manufacturer of any product using silver requires silver to remain around $20 per ounce or face closure then that Company is doomed and the owners will not be on the golf course in the future. Clearly a relatively new business / product range as silver was way above this make or break point only a couple of years ago. Haven't watched the video but suspect it is BS like most others who seem to know the conspiracies and the future.
  24. Like
    Pete got a reaction from airmac in Gold advice   
    I have bought gold coins for several years and have bullion and some boxed rarer proof sets.
    When you start off buying gold coins you have to believe that many dealers like HGM, for example, really don't care the date, country of origin, proof or bullion, in a box, plastic cap, dirty or scratched.
    Gold is gold and the value is essentially based on its weight on the scales.
    A coin arrives in the morning post and goes out in the evening post - that's the model for fast turnover on low margins.
    Crap condition coins get sent off for melting - again all that matters is weight of fine gold.
    There are exceptions of course and some dealers like BullionbyPost will buy at spot and double the price for a boxed proof coin.
    My experience is that you look for sovereigns, half sovereigns, fractional Britannias, Krugerands, Maples, Nuggets etc that are priced at or below 3% above spot.
    If you can buy 10 x 1/10th Krugerands at the same price as a one ounce coin then go for the smaller ones but don't pay much more if you have the money to buy bigger.
    If sovereigns are priced at 5% above spot ( as they sometimes are when demand is high ) look for another coin at 3%.
     
    If you have a wad of cash and see popular gold, 1 ounce, coins priced at 2% over spot then buy them.
    If you adopt the mentality that all that counts is weight and you stick to popular coins then you know you can within 24 hours be reimbursed and set your budget on selling at 97% or higher of spot and you cannot go wrong. Popular gold coins will flip in 24 hours BUT your biggest worry should be the market price of gold.
    The market price is in constant fluctuation and you can see variations in price in excess of the margin figures quoted above. That makes it impossible to guess timing so if you are considering regular purchases then that will yield an average buy price. You might place a large order one day and in a couple of weeks see a nice rise in price so you pat yourself on the back for being a smart investor. Trust me though, when you are not looking the price will drop and you will lick your wounds.
    Small purchases mean a relatively high charge for Special Delivery - usually around £7 per package so if a full sovereign costs £240 then you have paid £247 which is 3% more than you think so bear this in mind. If you were to sell next day assuming no change in spot you will after shipping have lost about 10% of your investment.
    When you see dealers offering free shipping then don't be fooled as they have already factored into their price the cost of shipping.
    Hope the responses from the forum have been helpful so you should be well briefed on getting started.
     
     
     
  25. Like
    Pete got a reaction from airmac in Gold advice   
    I have bought gold coins for several years and have bullion and some boxed rarer proof sets.
    When you start off buying gold coins you have to believe that many dealers like HGM, for example, really don't care the date, country of origin, proof or bullion, in a box, plastic cap, dirty or scratched.
    Gold is gold and the value is essentially based on its weight on the scales.
    A coin arrives in the morning post and goes out in the evening post - that's the model for fast turnover on low margins.
    Crap condition coins get sent off for melting - again all that matters is weight of fine gold.
    There are exceptions of course and some dealers like BullionbyPost will buy at spot and double the price for a boxed proof coin.
    My experience is that you look for sovereigns, half sovereigns, fractional Britannias, Krugerands, Maples, Nuggets etc that are priced at or below 3% above spot.
    If you can buy 10 x 1/10th Krugerands at the same price as a one ounce coin then go for the smaller ones but don't pay much more if you have the money to buy bigger.
    If sovereigns are priced at 5% above spot ( as they sometimes are when demand is high ) look for another coin at 3%.
     
    If you have a wad of cash and see popular gold, 1 ounce, coins priced at 2% over spot then buy them.
    If you adopt the mentality that all that counts is weight and you stick to popular coins then you know you can within 24 hours be reimbursed and set your budget on selling at 97% or higher of spot and you cannot go wrong. Popular gold coins will flip in 24 hours BUT your biggest worry should be the market price of gold.
    The market price is in constant fluctuation and you can see variations in price in excess of the margin figures quoted above. That makes it impossible to guess timing so if you are considering regular purchases then that will yield an average buy price. You might place a large order one day and in a couple of weeks see a nice rise in price so you pat yourself on the back for being a smart investor. Trust me though, when you are not looking the price will drop and you will lick your wounds.
    Small purchases mean a relatively high charge for Special Delivery - usually around £7 per package so if a full sovereign costs £240 then you have paid £247 which is 3% more than you think so bear this in mind. If you were to sell next day assuming no change in spot you will after shipping have lost about 10% of your investment.
    When you see dealers offering free shipping then don't be fooled as they have already factored into their price the cost of shipping.
    Hope the responses from the forum have been helpful so you should be well briefed on getting started.