Bullion or not Bullion

[Sherabnamdhak]

My first post on the forum by way of introducing myself, do we like shining new proof sovereigns or do we like bullion sovereigns, a simple question you might say but as a new Numismatics, yes I’ve found a new big word, it appears to be harder than I thought. You see I’ve found coin dealers and well they sell old sovereigns which have just made my choice that bit more confusing as they seem more interesting. So old or shiny new mundane or interesting. Open to ideas from all collectors or stackers

[PansPurse]

Welcome 

I'd say it all depends on what gives you pleasure. I like getting nerdy and reading up on the history of things so as time goes on I'm drawn more and more to older coins with a story to tell

[BackyardBullion]

@Sherabnamdhak Welcome to the forum! 

I say buy what you love and love what you buy - do what makes you happy!

[999magnum]

If it tingles your mallet, then take out your wallet (I just came up with this, but If you guys have heard this before then lmk).

[Goldmick]

Hi and welcome I LIKE to mix it up a bit I buy both old and new. The is something nice about old sovereign.s I do like the Vic young heads. but there all nice to me lol

[Xander]

Mainly Sovereigns old and new, plus a variety of other gold coins if I happen to take a liking to them, also Silver, coins, and bars..happy collecting you have come to the right place.

[Lea79]

I split my stack into 3 categories.  

Bullion ; generic sovs, bars and near spot coins.

Semi numi; coins with a bit more premium eg Vicky shields, some older 20 francs

Collectibles; graded coins, proofs and very high premium coins.

I like them all but if I had to choose it would be the semi numi’s anyday.  You can’t beat a coin with a bit of history ?. How about you? What’s your plan? 

[Sherabnamdhak]

At this point I have not made a plan, I am still looking but have a slight leaning towards old sovereigns. Have got a couple of Backyards silver bars on order so a stack is in the making. 

[mr-dead]

Think about your exit strategy.

When the time comes to sell bulk bullion sovs can just be dumped on a dealer.  Proof coins will likely have to sold privately via forums/Ebay to get the best price that takes time and effort + has an element of increased risk.

Everyone is different but for me the bulk is cheap oz generic gold bullion with a few nice shiny pieces to keep things interesting.

[Kookaburracollector]

The ONLY problem with sovereigns is....you will NEVER be able to own all of the ones ever made....unless you win Euoromillions.

My slight  OCD when it comes to collecting prevents me from going there...I salute those that do..

 

 

[richatthecroft]

Here's my top picks but I would say, make sure you buy what you like and anything cheap you buy just for weight, make sure it is cheap, and hide it away somewhere as you probably won't like it very much! 

Silver:

1) As much Hand poured and mass produced poured bars I can get my grubby hands on. 

2) Lots of popular primarily, Royal Mint U.K.  BU Coins: Britannia, Queen's Beasts etc. & Libertad, Elephants etc. 

3) As many coins that I especially Iike, chiefly with George & Dragon design, Pegasus design, Egyptian design &  coins other than Royal Mint featuring Britannia. 

Gold:

1) Bu Sovereigns

2) Britannia- Proof fractional & BU oz's

3) Queen's Beasts BU 1/4's 

 

 

 

[JunkBond]

It will definitely evolve over time, just let it happen.

I have nearly finished a date run of bullion Edward VII half sovs and am now being a bit more fussy on grade with a few Jubilee Head halves.

Also got my eye out for some Vic Young Heads.

Along the way I have also picked up a few proofs, some at spot + 3%  and some at a premium.

Nothing newer than Elizabeth 3rd portrait for me, not keen and half sovereigns every time, all the fun at half the price.

Enjoy the journey!

[PansPurse]

8 minutes ago, JunkBond said:

Nothing newer than Elizabeth 3rd ...

Guys, I think I found the time fugitive!

[KDave]

I agree with considering exit strategy if commiting large amounts to pm as an investment, understand the different levels of risk and reward between the choices and that collectors market and gold and silver markets are all different beasts. If the plan is to make it a hobby then buy what you like. Learn as much as you can stomach and expect the plan to change often.

[Pipers]

Welcome,  

My advise is this do not jump in.  Be honest on how much money you have to spend.  Only then buy.  Now we have that out of the way,

Gold I would by bullion Sovereigns to start with.  Then when you find your feet you can make your own decision where you go.  

 

[Sherabnamdhak]

All great advice. As for an exit strategy well I have been collecting piedforts on and off but now it’s time to get serious so looking to move paper to gold as perhaps paper might not be to safe at least for the next 10-15 years Brexit May NI oh and Trump. The wife is younger than I am so perhaps my exit will be in wood not gold lol. At 58 I might just make it boys but who knows. Karma Neh. 

[Lowlow]

I think it depends on who you are.

If you get irritated when there is dust on your perfectly maintained telescope, park your car at the edge of the parking lot so nobody dings it with a shopping cart, and have a lint brush in your desk, then probably the collectible ones.

If you run your own kid down in nerf football while yelling "to crush your enemies, see the driven before you, and hear the lamentations of their women ...", then, probably bullion.

[999magnum]

Classic Arnold...awesome!

[ilovesilverireallydo]

Every purchase I make, every single penny I spend is carefully calculated and weighed against the various choices available, including the future potential values, the opportunity cost against other coins or bars as well as a range of other investment and saving opportunities. 

Well that’s what I tell the other half. 

In reality I just buy whatever the hell strikes my fancy with the budget available then worry about the rest later lol. 

[Sovsaver]

6 hours ago, ilovesilverireallydo said:

Every purchase I make, every single penny I spend is carefully calculated and weighed against the various choices available, including the future potential values, the opportunity cost against other coins or bars as well as a range of other investment and saving opportunities. 

Well that’s what I tell the other half. 

In reality I just buy whatever the hell strikes my fancy with the budget available then worry about the rest later lol. 

I’m glad you added the last part, you’ve gone up in my estimations.

[Sherabnamdhak]

You lot could cause trouble in an empty piggy bank. 

[Xander]

14 minutes ago, Sherabnamdhak said:

You lot could cause trouble in an empty piggy bank. 

They are just warming up, wait until the gloves come off!

[Sherabnamdhak]

Will post pics of my first sovereign purchase tomorrow it was rated R3 in Marsh’s guide. I can box too. Lol.