What was your worst buy?

[MAXlMUS]

Hi Guys,

 

If you are lucky enough never to have cocked up and paid over the odds for some silver ot gold I salute you.

 

I will start the ball rolling I bought a 1/20 gold panda 2008 for £102 when the spot was £875.  I misread the ebay advert through my excitement!!

 

 

Max

[Danny-boy]

I once bought about 40 mixed world crowns for £100 and they all turned out to be horrendously fake.

Not surprising really!!!

[Pete]

All silver bought between April 2011 and September 2011 when spot peaked at £28 and bullion coins were selling at well over £30 per ounce.

[Danny-boy]

All silver bought between April 2011 and September 2011 when spot peaked at £28 and bullion coins were selling at well over £30 per ounce.

You are quite upset at that aren't you Pete.

My prediction, in 10 years you will look back and wish you could buy again at £30 an ounce.

[Caput Lupinum]

Probably an art bar called the "Window Peeper" from CMC

 

I also paid way too much for the Debt and Death copper round as an impulse buy

[Danny-boy]

Probably an art bar called the "Window Peeper" from CMC

Dude, that sounds proper creepy!!

Any pics?

[Caput Lupinum]

Dude, that sounds proper creepy!!

Any pics?

 

[Danny-boy]

Now that is ace, very "Carry On".

And I do love anything that includes boobs.

[Caput Lupinum]

I have no idea what "carry on" means in UK slang but I agree

[PhilDaSilva]

I have no idea what "carry on" means in UK slang but I agree

 

 

Obviously never heard of Sid James....   Try googling for Carry on on the Buses and see if you can find any of the 'Carry On'  films as they are still funny to this day. 

 

I payed over the odds for a First Strike MS70 Lunar Dragon, just the regular bullion version at almost £50, though to be fair a certain coin co in London is asking almost £200 for the same slabbed coin!

[motorbikez]

I have no idea what "carry on" means in UK slang but I agree

 

Its a reference to Barbara Windsor's boobs in one of the carry on films.

[woody65]

Mine has to be a 1oz silver JM bar from the states. Only ordered one, thought it was cheap at the time, and then had to pay duties and a post office charge. Finished up costing me best part of £40!!

[Pete]

You are quite upset at that aren't you Pete.

My prediction, in 10 years you will look back and wish you could buy again at £30 an ounce.

You bet I am upset -

 

( a ) because I was stacking fast & furious at the time based on the "gurus" in the PM industry advising that's the best thing to do as the global economies were collapsing,

and

( b ) had I not stacked then, I could now buy twice as much today,

and

( c ) I could have been enjoying running a newer car

and

( d ) I have to keep this secret from my good lady who would most likely pickle my gonads if she found out.

[motorbikez]

Gold wedding ring for my x wife

 

Hi Guys,

 

If you are lucky enough never to have cocked up and paid over the odds for some silver ot gold I salute you.

 

I will start the ball rolling I bought a 1/20 gold panda 2008 for £102 when the spot was £875.  I misread the ebay advert through my excitement!!

 

 

Max

 

Gold wedding ring for my X wife was my worst buy

[SilverPirate]

I don't buy anything with boobs i am worried about milk spots.

The only regret i have i wish i stuck to just 1 oz silver Eagles.I know it's boring but i have a monster box and it would look cool on retirement to own a full box.Now i am just trying to put 500oz in it of what ever lights my candle for what ever reason at the time now.

I have seen a you tube clip of a man with a full monster box of all sorts and it looks just as cool and to be fare probably be worth more with some premium stuff mixed in.

Being realistic i don't think we should regret any off it, i think we fall out of love with some things we bought, but hey it is in our stack that is a preservation of the money we would of spent on who knows what, i used to carp fish and i spent hundreds if not more on it, a tenner on the lake bed every time i went in bait.

[MAXlMUS]

Gold wedding ring for my x wife

 

 

Gold wedding ring for my X wife was my worst buy

Funnily enough I made a similar mistake with an engagement ring...it did include diamonds though!

[motorbikez]

That makes it worse although thinking about it probably not

[DogSoldier1973]

My worst buy is probably believe it or not my 2oz Perth Mint lunar snake coin....I really like the coin, but think that the Perth Mint lunar coins are really overpriced! That's why i never bought anymore...I'm happy to buy the RM lunar series instead!

[Pete]

My worst buy is probably believe it or not my 2oz Perth Mint lunar snake coin....I really like the coin, but think that the Perth Mint lunar coins are really overpriced! That's why i never bought anymore...I'm happy to buy the RM lunar series instead!

Not sure I would avoid the Perth Mint coins.

The quality is excellent and they do resell at a premium compared to other bullion coins.

 

For comparison on June 18, 2013 silver spot was £13.96

On that day I purchased from a German dealer ( 7% VAT ) several different coins

(a) 2 oz snake ( i.e. your worst purchase ) at £19.01 per oz

( Maple at £17.68 per oz

 

That is a 7.5 % difference so not so bad is it ?

[DogSoldier1973]

Not sure I would avoid the Perth Mint coins.

The quality is excellent and they do resell at a premium compared to other bullion coins.

 

For comparison on June 18, 2013 silver spot was £13.96

On that day I purchased from a German dealer ( 7% VAT ) several different coins

(a) 2 oz snake ( i.e. your worst purchase ) at £19.01 per oz

( Maple at £17.68 per oz

 

That is a 7.5 % difference so not so bad is it ?

I think i bought the 2oz snake around the same time paying around £26.00 per oz..... thus making it my worst purchase

I well over paid!

 

Though i'm not avoiding the Perth Mint coins, just the lunar series. The other Perth Mint coins which sell for much less than the lunar series i think are a decent buy.

[ChrisSilver]

I think i bought the 2oz snake around the same time paying around £26.00 per oz..... thus making it my worst purchase

I well over paid!

Though i'm not avoiding the Perth Mint coins, just the lunar series. The other Perth Mint coins which sell for much less than the lunar series i think are a decent buy.

In my opinion the lunar series are well worth the extra premium, they hold there premiums well. Just take a look at the going market prices for some of the older of the series 2 lunar coins. Some of them have gained quite a bit in premiums.

They give you a good potential to make a good percentage return in only a few years.

[Danny-boy]

The older series 2 coins do seem to have appreciated somewhat, I didn't realise until I read what you said & had a look.

[Agpanda]

Try to get a 2008 rat 1/2oz Lunar 2, htey will cost you quite a bit

[HelpingHands]

Probably this:

 

 

[ChrisSilver]

Probably this:

IMG_2210.JPG

IMG_2211.JPG

That's quite a nice coin. Apart from the Santa privy mark.