Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

  • Join The Silver Forum

    The Silver Forum is one of the largest and best loved silver and gold precious metals forums in the world, established since 2014. Join today for FREE! Browse the sponsor's topics (hidden to guests) for special deals and offers, check out the bargains in the members trade section and join in with our community reacting and commenting on topic posts. If you have any questions whatsoever about precious metals collecting and investing please join and start a topic and we will be here to help with our knowledge :) happy stacking/collecting. 21,000+ forum members and 1 million+ forum posts. For the latest up to date stats please see the stats in the right sidebar when browsing from desktop. Sign up for FREE to view the forum with reduced ads. 

2017 Indian sovereign availability?


Gradius

Recommended Posts

12 hours ago, shortstack68 said:

As these coins are minted elsewhere it could be the case that the inhabitants of that country are actually buying them up before they reach anywhere else, it doesn't mean the mintage is low..........

Then it would have low mintage due to demand if they're so readily snapped up before leaving the country :P 

A low mintage is mintage+demand

Can you find any previous years of modern Indian sovereigns for sale at a reasonable price? 

The big thing to remember too is they weren't much over spot, the one I bought was £256.51 delivered

I have not personally told anyone to rush out and buy one at £350, I said "Personally I wouldn't be buying @ £350

Help thread for members new to silver/gold stacking/collecting

The Money Printing Myth the Fed can't and don't money print - Deflation ahead, not inflation 

Link to comment
Share on other sites

  • Replies 135
  • Created
  • Last Reply

When I got my 2014 and 2015 ones it was very late in the year and I did note the serial numbers of the ones I saw and they were massively lower than the 2013 ones i saw on forums at the time. The 2013 was anything up to 45k or so (someone let me have actual number) and I believe (only a belief based on not much) that the remaining years will be much lower. No mass grading, no mass sales etc.. Will that make them collectable? Who knows? I don't know I just wanted one of each  year graded as a curiosity. The Sovereign Book just released only even lists the 2013 and I think the contract expires in 2017 and I don't know if it has been renewed with PAMP.

Link to comment
Share on other sites

13 minutes ago, shortstack68 said:

What you actually said was "the mintage is probably relatively low, (all though what the actual figure is, is tough to know)"

Just because they are difficult to find here there's 1.324 BILLION people who live in India, out of those numbers there could be 5 million coins minted and 4.9 million could have been bought within India, doesn't make them rare, it just means a small percentage is finding their way into Europe...

I'm not saying it's the case, but fact is better than fiction, how many European coins will find their way into Indian collections, for example a 2017 London mint bullion Sovereign, minted in numbers, but more than likely difficult to buy over there, doesn't make them rare to us........

Has anyone contacted the Indian mint to ask about numbers?

Yes I said "probably", I didn't state any facts, I've seen mintage figures I have no idea if they're correct

What we can say for sure is that atm, modern Indian sovereigns seem pretty rare in the UK

For £256 delivered,, which wasn't too much over spot, they were worth getting, do you disagree?

They're produced by Pamp Suisse who I emailed to ask mintages and they didn't respond. I also asked Royal Mint Bullion if they knew (since they sold the 2015 one), they did not. 

 

 

Help thread for members new to silver/gold stacking/collecting

The Money Printing Myth the Fed can't and don't money print - Deflation ahead, not inflation 

Link to comment
Share on other sites

17 minutes ago, shortstack68 said:

Not disagreeing at all, only when we talk about the coin being probably rare which can't be determined until the mintage is disclosed by someone connected to Pamp or the mint

Where are they all? not in the UK seemingly, if you're a sovereign collector in the UK and you can't get your hands on one, then they are rare

 

Help thread for members new to silver/gold stacking/collecting

The Money Printing Myth the Fed can't and don't money print - Deflation ahead, not inflation 

Link to comment
Share on other sites

8 minutes ago, Kman said:

if you're a sovereign collector in the UK and you can't get your hands on one, then they are rare

Don't confuse rarity with availability :P

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

Link to comment
Share on other sites

2 minutes ago, MickB said:

https://www.amazon.in/MMTC-PAMP-India-Pvt-Ltd-Sovereign/dp/B01LYM5CN3/ref=sr_1_1?s=electronics&ie=UTF8&qid=1505308450&sr=8-1&keywords=sovereign+gold+coin

Not sure if you can buy gold from India but this is cheaper with free delivery. This being on Amazon's Indian site. 

24,340 INR =286.641 GBP  Indian Rupee
1 INR = 0.0117765 GBP ↔British Pound 1 GBP = 84.9147 INR
 

Link to comment
Share on other sites

4 minutes ago, Goldhooked said:

This bit would put me off...

 

noreturns.JPG

Wouldn't put me off as if it was a dud then it wouldn't be gold, so it could be returned.

Would be a problem if they sent a standard UK sovereign.

Link to comment
Share on other sites

3 minutes ago, MickB said:

Wouldn't put me off as if it was a dud then it wouldn't be gold, so it could be returned.

Would be a problem if they sent a standard UK sovereign.

Amazon is a law unto itself.  I am a (professional, if you can call it that!) Amazon seller and my company sells on most of their global platforms.  Amazon are one of the worst entities I have ever dealt with.  Its bad enough trying to sort out problems on the UK platform, let alone any of the others.  I would certainly not feel confident about Amazon doing the best for me if I needed to send a gold coin back to India.  You would probably be expected to pick up the cost of the return yourself which you might not get back.

India is rife with corruption from our experience too.  We used to sell to there but in the end more than 80% of the stuff we sent was going missing.  We are considering getting on to Amazons Indian platform as the market place potential is huge, but we would make sure everything is sent with expensive tracked shipping and the cost would be passed on to the customer.

Link to comment
Share on other sites

1 minute ago, Goldhooked said:

Amazon is a law unto itself.  I am a (professional, if you can call it that!) Amazon seller and my company sells on most of their global platforms.  Amazon are one of the worst entities I have ever dealt with.  Its bad enough trying to sort out problems on the UK platform, let alone any of the others.  I would certainly not feel confident about Amazon doing the best for me if I needed to send a gold coin back to India.  You would probably be expected to pick up the cost of the return yourself which you might not get back.

India is rife with corruption from our experience too.  We used to sell to there but in the end more than 80% of the stuff we sent was going missing.  We are considering getting on to Amazons Indian platform as the market place potential is huge, but we would make sure everything is sent with expensive tracked shipping and the cost would be passed on to the customer.

Cheers for the info. Made me think again about trusting my money with Amazon.

Link to comment
Share on other sites

5 minutes ago, MickB said:

Cheers for the info. Made me think again about trusting my money with Amazon.

I'm not saying to rule it out completely, but just be very cautious.  Do plenty of due diligence before parting with your money.  

I spent a long time sourcing goods from China in the past and the amount of chaff I had to wade through to find some good'uns was eye opening.  For one product, it took me a year to find a reliable supplier and even then I used a contact of an English friend to go and physically check them out for me (we're still using that supplier today).  India seems to be developing rapidly like China did in the past and I think the same issues will crop up with fakes, frauds and scammers but perhaps on an even larger scale.

Link to comment
Share on other sites

As an Indian, I am finding this conversation interesting and rather amusing (never mind the poop comments ?)

In any case, I may be able to get my hands on a few of these, but it probably won't be until later in the year. I also (obviously) don't know what the cost will be, as that will depend on the gold price in INR.

I myself have never bought my India Sovereigns from Amazon. I do not have the confidence to do so. I would much rather get them from one of the many stores that sell them "over the counter". Regardless, MMTC PAMP does not ship outside India, at least not via their Amazon store, and I suspect this may have to do with government regulations - I may be wrong about this though).

Link to comment
Share on other sites

1 minute ago, westminstrel said:

As an Indian, I am finding this conversation interesting and rather amusing (never mind the poop comments ?)

In any case, I may be able to get my hands on a few of these, but it probably won't be until later in the year. I also (obviously) don't know what the cost will be, as that will depend on the gold price in INR.

I myself have never bought my India Sovereigns from Amazon. I do not have the confidence to do so. I would much rather get them from one of the many stores that sell them "over the counter". Regardless, MMTC PAMP does not ship outside India, at least not via their Amazon store, and I suspect this may have to do with government regulations - I may be wrong about this though).

I hope my posts have not offended, that is certainly not my intention.  I have nothing at all against the people of India, its just my dealings with the Indian economy have not be overly positive.  But then the same can be said for other countries too.  We do not ship to Russia or Israel either as similar numbers of goods go missing.  Italy was also on our blacklist for a long time because their postal service suffered from so much corruption.

Link to comment
Share on other sites

Not at all @Goldhooked. I absolutely understand your points and, to be completely honest, I actually agree with your assessments.

India is a massive country and there's many instances where things just aren't properly managed because of the sheer numbers or volumes of people, products, companies, etc. involved in the logistics. That's not to make excuses for the system; it's just the way it is. There are a couple really trustworthy sites in India like Flipkart, but even so, I myself (living abroad) refrain from ordering stuff from India for overseas delivery. As you rightly cautioned, managing returns would be a nightmare, and not worth the time, effort, or cost.

It's all good my friend :)

Link to comment
Share on other sites

8 minutes ago, blab said:
21 hours ago, Kman said:
FYI everyone, they're showing as in stock now, they have 49 so.. lets see how they go this time @ £350 a pop 

Tney still have 49 in stock so obviously no one is willing to pay the massive mark-up on it.

If I were them id probably drip feed them to Ebay :ph34r:

Maybe put 3-5 up at a time @ £350 and see if they sell, even with fees it would still be probably good profit (if they do sell) 

Not the same as selling them without the Ebay/Paypal fees but they aren't going to sell them from their site I doubt 

Help thread for members new to silver/gold stacking/collecting

The Money Printing Myth the Fed can't and don't money print - Deflation ahead, not inflation 

Link to comment
Share on other sites

38 minutes ago, Kman said:

...

Not the same as selling them without the Ebay/Paypal fees but they aren't going to sell them from their site I doubt 

Apparently they are selling out fast! Best buy them now! £350 and they're cutting their own throats guv!

Wanna 'meat' pie? :P

Link to comment
Share on other sites

5 hours ago, sovereignsteve said:

Not for me, I've left this "series" well alone.

At a small premium, maybe, but they didn't get off to a good start in my eyes by trying to charge a very large premium initially.

They're just bullion after all;)

The more I hear about these, I think I'm of a like mind with Steve.  They're well-struck bullion Sovs in pretty packaging with a hefty price tag and what appears to be hype in waiting (or in the making).  I still have some other Sovs higher on my Want List to more than zero out my available PM dollars.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use