Where to purchase the lowest premium Gold

[ChrisSilver]

Where is the best place in the UK to currently purchase Gold with the lowest premiums. And what coins tend to have the lowest premiums?

I haven't worked it out, but I suspect sovereigns might be a good purchase with low premiums for the gold content.

I am looking to purchase 999+ fine gold though, in 1oz sizes or smaller, so no sovereigns for me.

Recommendations?

[morezone]

In .999 then either Maple, new Brits, UK Lunar and kangaroo.

Best place would be Baird and co or Atkinsons. Cheapest is just under £800 delivered for Maple. A UK lunar may have some numi value and is around £813 delivered.

[silversword]

When I 've looked before, the lowest premiums are on bars. Are you are insistent on having coins only?

[ChrisSilver]

Nope. I just thought that 1oz coins were cheaper than 1oz bars.

1oz is a nice size to sell 1oz at a time, I think anything larger might be a bit too large to sell all in one go. Though if cheaper, maybe worth considering a 50g bar or something.

[morezone]

Bars are slightly cheaper.  Atkinsons have the OPM bars at £792.38 delivered and for 2 it is £788.02 each.

[ChrisSilver]

Bars are slightly cheaper.  Atkinsons have the OPM bars at £792.38 delivered and for 2 it is £788.02 each.

 

That's pretty good. One of those 1oz bars would work out at only 3.652% premium to spot.

[Shamatti]

Wait till spot goes over £900 and I will sell you some of mine for spot plus 2.5%

[ChrisSilver]

Wait till spot goes over £900 and I will sell you some of mine for spot plus 2.5%

Might have a while to wait

[Pipers]

Its always worth looking at coininvest.com especially when the price dips.  Those 1oz OPI bars from Atkinsons are a fantastic buy if you are just after Gold and remember to keep an eye out for 2nd hand krugerrands.

[craig12]

at atkinsons the opm 1 oz gold bars  has sold for £777 but hovers around 789 for just one

[garthy]

the gold bullion company is also a good place, good selection, great service, good price and free delivery, they always give you their own certificate to vouch for any gold they sell, nice touch.

 

 http://www.thegoldbullion.co.uk/buy-gold-coins

[Danny-boy]

the gold bullion company is also a good place, good selection, great service, good price and free delivery, they always give you their own certificate to vouch for any gold they sell, nice touch.

http://www.thegoldbullion.co.uk/buy-gold-coins

Not heard of them before Garth.

I know you posted it regarding gold, but I have to say that I think they take the piss adding VAT on threepences that have been circulated.

Probably illegal to be fair.

[garthy]

It's not illegal, as far as the hmrc are concerned they're selling silver and i pretty much guarantee they have to cough up the vat on sale, so as always they pass it on to us.

But I've never bought silver from them only gold and they can be pretty good. Worth keeping an eye on.

[silversword]

the gold bullion company is also a good place, good selection, great service, good price and free delivery, they always give you their own certificate to vouch for any gold they sell, nice touch.

 

 http://www.thegoldbullion.co.uk/buy-gold-coins

 

Seen this company before, but I've never ever seen them to be particularly competitive on price. Their own certificate is cute, but it doesn't really count for anything as they aren't assayers. I've usually found Atkinsons to be cheaper and have a better selection when it comes to gold.

[Danny-boy]

It's not illegal, as far as the hmrc are concerned they're selling silver and i pretty much guarantee they have to cough up the vat on sale, so as always they pass it on to us.

There is no vat to pay on used silver, so they are illegal in adding VAT.

As far as I'm aware anyway.

[StackemHigh]

VAT is only added to the profit made. so if £2 profit is made then a VAT payment of £0.40 would be due. To add the full value of the coin to the VAT bill would be illegal.

[garthy]

looks like you're right Dan, I copied this from another dealers small print, that's interesting and makes me want to start accumulating some.

 

 

Investment Silver Coin Bags

We can now supply modest quantities of investment silver coin bags.
These are made up of old silver coins, usually UK coins from the 1920 to 1946 period. These were composed of an alloy containing 50% pure silver. We can supply them in sealed 10 kilo bags. Each bag contains a minimum 10 kilos gross weight of silver coins, and therefore contains 5 kilos of pure silver. Most of these coins will be very worn, and have no collectors value. Because these are dealt with under the "secondhand" scheme, there is no VAT to pay on them * We can offer these investment bags at prices very close to the value of the intrinsic silver content.

[garthy]

Seen this company before, but I've never ever seen them to be particularly competitive on price. Their own certificate is cute, but it doesn't really count for anything as they aren't assayers. I've usually found Atkinsons to be cheaper and have a better selection when it comes to gold.

 

Seen this company before, but I've never ever seen them to be particularly competitive on price. Their own certificate is cute, but it doesn't really count for anything as they aren't assayers. I've usually found Atkinsons to be cheaper and have a better selection when it comes to gold.

Yeah on the whole Atkinsons are cheaper but there are some good deals on there from time to time, British coins, sovereigns and britannias are usually a little cheaper.  

[morezone]

Gold is sub £760 (£756.2 at time of writing). So tempted to buy but MUST resist.
Buffalo, Eagle, UK lunar all below £800. Got to be strong.

 

After seeing a 50 Peso coin, that is also on my wish list now as well.

[ChrisSilver]

Gold is sub £760 (£756.2 at time of writing). So tempted to buy but MUST resist.

Buffalo, Eagle, UK lunar all below £800. Got to be strong.

After seeing a 50 Peso coin, that is also on my wish list now as well.

Nice prices. Shame I don't have any cash savings anymore, it's already in silver ha. Otherwise a few 1oz coins would have been nice.

[HawkHybrid]

there's no vat on gold and second hand silver. new silver is vat chargeable.

 

HH

[Kman]

Today has been a good day to buy gold

 

I've been tempted to buy for a month but have been hoping the prices would dip 

 

I bought 1 oz 2014 Britannia from thegoldbullion for £786 earlier

 

You can get a oz OPM bar for £769 from Atkinson too. 

 

 

 

[Danny-boy]

Today has been a good day to buy gold

I've been tempted to buy for a month but have been hoping the prices would dip

I bought 1 oz 2014 Britannia from thegoldbullion for £786 earlier

You can get a oz OPM bar for £769 from Atkinson too.

Nice purchases Murray, and welcome to the forum.

If you get chance, introduce yourself in the new members section.

Enjoy the forum.

[morezone]

I've got to wait until Thursday before I can purchase any gold.  I hope spot remains low because there are a few rare ones I want.

[ChrisSilver]

Their prices on those OPM bars are good, what with spot being so low they are bargains.