Nick1368

In 1971 Iran celebrated 2500 years of Persian empire and the king threw a big party in Shiraz and invited kings and queens , presidents and prime ministers from all over the world and these coins were given to the guest as gift .
The coin comes with its document which is in English and Farsi .
price is spot price minus %2 which is £1170 posted as I type but I’m happy with whatever spot price is at the time of deal agreement.
the coin is 26 grams but the gold content is 23.4 Grams .
here is a link to Numista for more info about the coin : https://en.numista.com/catalogue/pieces29169.html
Thanks 
 
Nick
 

SOLD

100% this. It’s been good for me to sell a few coins. Was always meant to serve two purposes. Long term hold being one. Liquid bank account being the other. 

After all money and investment is there to make our lives easier , I’m sure you won’t regret selling your coins when you turn your house into a more beautiful and comfortable place to enjoy with your family everyday .
I would sell the modern stuff .

After all money and investment is there to make our lives easier , I’m sure you won’t regret selling your coins when you turn your house into a more beautiful and comfortable place to enjoy with your family everyday .
I would sell the modern stuff .

Hi and welcome to this great forum 

Yeah it doesn’t really matter if it drops to £1300 or go to £1700 , the important thing is the purchase power of gold and it’s protection against inflation which is why it’s a long term investment and in long term it usually protects you against inflation .
i buy whenever I can regardless of the price and only sell if i need the cash .

Yeah it doesn’t really matter if it drops to £1300 or go to £1700 , the important thing is the purchase power of gold and it’s protection against inflation which is why it’s a long term investment and in long term it usually protects you against inflation .
i buy whenever I can regardless of the price and only sell if i need the cash .

Yeah it doesn’t really matter if it drops to £1300 or go to £1700 , the important thing is the purchase power of gold and it’s protection against inflation which is why it’s a long term investment and in long term it usually protects you against inflation .
i buy whenever I can regardless of the price and only sell if i need the cash .

Yeah it doesn’t really matter if it drops to £1300 or go to £1700 , the important thing is the purchase power of gold and it’s protection against inflation which is why it’s a long term investment and in long term it usually protects you against inflation .
i buy whenever I can regardless of the price and only sell if i need the cash .

Yeah it doesn’t really matter if it drops to £1300 or go to £1700 , the important thing is the purchase power of gold and it’s protection against inflation which is why it’s a long term investment and in long term it usually protects you against inflation .
i buy whenever I can regardless of the price and only sell if i need the cash .

Yeah it doesn’t really matter if it drops to £1300 or go to £1700 , the important thing is the purchase power of gold and it’s protection against inflation which is why it’s a long term investment and in long term it usually protects you against inflation .
i buy whenever I can regardless of the price and only sell if i need the cash .

There are two questions on gold:
1 Does holding value in gold protect you against inflation?
How much GBP or USD it takes to buy the gold is a side issue - does the yellow metal protect against inflation? https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator
The price of gold in 1974 was £68.50 - It's £1582 now.
£69 in 1974 according to the BoE is £625.11 today. Clearly gold has outperformed the inflation index according to the BoE.
I would probably argue this is in part due to the heavy suppression of gold in the years prior to 1974 and that the true inflation rate was really a lot higher than the BoE admits. 
2 Does gold outperform inflation?
Well we have the 'official' answer to this question, which is yes. Personally i think that like almost everything coming out of government, the inflation rate is a lie. These numbers of manipulated to keep the rate of inflation low.
If we compared gold to UK average house prices we get a different picture. https://www.nationwide.co.uk/house-price-index/
Property difference valuation, based on the UK average prices.
From Q2, 1974
£69
To Q3, 2023
£1,790
Percentage change in price:
2494.71 %
So according to average UK house prices, bricks and motar outpeformed but not hugely. Now you could have lived in that property, you could have rented that property - and so got added value. BUT there are costs, council tax, the rates, insurance, maintanence and so on. 
Invested in the general stock market
I cannot find the data for the UK stock market so I used the Dow. The index was at 773 mid 1974 - it is now at 34827. This is a 4505 % increase. It does not take into account dividends you might have received and it does not take into account the 'management fees' for holding a general Dow fund and it assumes the managers were able to match the Dow. Those are some big factors to not take account of but investment is a general US fund certainly looks like it was the better bet.
I think we are entering a golden phase for gold as the fiat / paper system continues to collapse. Stock indices may continue to climb as the destruction of fiat takes hold. We must remember stock indices are always adjusting - stocks fall out as a company fails and new ones appear - so they adjust for the changes in the economy. 

Hi and welcome to this great forum 

I am sorry to hear you had a bad experience with gold and I think you did the right thing by selling them all to a dealer without stressing yourself anymore than this, you weren't having fun with it, it wasn't for you.
But don't expect any sympathy from the members of this forum, because as far as I undesrtand everyone here is obsessed with gold and so upset that all those nice coins ended up with a big dealer, soon the same exact coins will be sold for a lot more than what you got paid for them and we are all going to have lion and griffin nightmares tonight 😆😫
I am new to gold stacking myself but unlike you I'm absolutely loving this journey, since I started buying gold I never thought that I made the wrong decision, I can't wait for the next opportunity to arrive to buy more gold and when I buy a piece of gold I am already having an eye on the next one.
if the time comes when I am desperate for cash then I will have to sell but other than that I don't see any reason to sell my gold or even silver.
economy crash, Brexit, uncertainty , PM price going up and down are not good enough reasons for me to sell, I guess I am just too attached to my gold 😂
I joined the forum before I bought anything and the amazing members of this forum helped me a lot, there are so many intelligent people here who will give you the best advice, you just need to ask, I learn a lot from this forum every single day.
anyways I wish you the best of luck with your next investment and I'm sure you have learnt a thing or two from this experience.

My precious ❤️

Back in 2019 I used to own a set of 1989 three coin proof sovereign which I ended up selling the coins individually on the forum ,  I also sold the empty box and COA for £45  .
so I think £126 refund for COA is quite generous and sign of an honourable dealer .

In great condition.  Bought new by me from UK authorised dealer.
£6250.
Thanks for looking.

As titled, £550 posted RMSD
 
 

Love my pre 33 American coins 

Very nice coin! Glws

Back in 2019 I used to own a set of 1989 three coin proof sovereign which I ended up selling the coins individually on the forum ,  I also sold the empty box and COA for £45  .
so I think £126 refund for COA is quite generous and sign of an honourable dealer .

Back in 2019 I used to own a set of 1989 three coin proof sovereign which I ended up selling the coins individually on the forum ,  I also sold the empty box and COA for £45  .
so I think £126 refund for COA is quite generous and sign of an honourable dealer .

Back in 2019 I used to own a set of 1989 three coin proof sovereign which I ended up selling the coins individually on the forum ,  I also sold the empty box and COA for £45  .
so I think £126 refund for COA is quite generous and sign of an honourable dealer .