My First Big Purchase Inc! (Your Thoughts Welcome)

[forgottenmemorie]

I'm about to drop around 1-2K on some Sovereigns..

I'll hold they for min 10 years..

1. What gold coins would buy?
2. What month would you buy?

[richo]

Does it have to be sovereigns?, as that seems slightly at odds with your sub question below around what coins? 

I tend to go 50/50 with bullion v numismatics & proofs. The former is probably the better investment 9 out of 10 times, but it's fun trying to pick the winners. This years proof 1/4 Britannia is a nice design if you wanted to mix things up against bullion sovereigns. It's nearly sold out too.

[Roy]

Would that be £1001 or £1999? Because, seriously, 1999 will buy you more. 

Personally, I'd go for the 22K July edition although others prefer the December issue. Should have just matured by the time you are about to sell.

Never buy a March. They suck.

[Kman]

There was a similar thread recently

I said

"Honestly it's very tough

If it was just a situation where I had the money, had to spend it now, what would I buy, 100% sovereigns

But to get the very best out of the money, ideally you would be knowledgeable about every type of numismatic and pick out the right deals as they come along (rather than just spending all the money at once) "

[SilverPirate]

Are you going to bury the sovereigns for ten years or look at them for ten years if the later buy a display case and collect sheilds or go for a single monach to give you some interest,.Dont be in a hurry to splash the cash enjoy the hunt, it is part of the fun. 

[Cornishfarmer]

Back along roumours were about that 2017 will have a special design because it's 200 years in modern production so I'd wait until that is confirmed before buying

[richo]

Or there are also rumours 2020 will be a special design too for the start of the next decade, so maybe hang on until then?

[Lea79]

I always have the same problem.  My brain says buys sovereigns .... My heart says sod it buy something different and keep it interesting.

Next im getting a 50 peso and im going to wait it out until December.  Im hoping the £ may have rallied a bit by then.

[SilverPirate]

4 hours ago, Lea79 said:

I always have the same problem.  My brain says buys sovereigns .... My heart says sod it buy something different and keep it interesting.

Next im getting a 50 peso and im going to wait it out until December.  Im hoping the £ may have rallied a bit by then.

I so wish i could save up for something bigger, as soon as i have any kind of wedge i spend it on something to that value, normaly a half or full sovereign if i have that much, for god sake i have even been looking at 1/4 indian rupees just to get a buying fix,didnt buy one though.    Yet. 

Stick with it ,50 peso mmmm got to love those spanish coins.

[richo]

7 hours ago, Lea79 said:

I always have the same problem.  My brain says buys sovereigns .... My heart says sod it buy something different and keep it interesting.

Next im getting a 50 peso and im going to wait it out until December.  Im hoping the £ may have rallied a bit by then.

Couldn't agree more. I find sovereigns really quite boring, despite the classic design.

[Lea79]

I've been saving up for it for Wot seem like ages!! I haven't got anything bigger than a 10gm bar.  Its hard tho. To curb my spending I've been buying a cheap copper round here and there just to have something in my hand lol.