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dunmac

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  1. dunmac

    Pricing help

    I would advise anyone new to silver stacking to focus on building up their foundation stack with bullion grade before considering the premium coins. As others here have said, there is no guarantee that these coins will retain their premium. Coloured coins should really be treated as a nice novelty item, and if they do retain their premium then that should be treated as a bonus.
  2. dunmac

    Where should I start?

    Lots of good advice here, so far. The only thing I would add/reiterate is to start small. Don't feel you need to invest all the money you want to all at once. Start with a bit of silver, perhaps a variety of different 1oz coins. If you like them, then get some more the following month. If you really like them, don't go crazy. It's very easy to get caught up in the bug and buy too much at once, or at the wrong time. I went through a bit of a crazy spell when then price of silver was considerably higher than it is now, but buying a little every month is helping to bring my cost average down, especially at current prices. When you're ready to move into gold then sovereigns are a good bet, especially ones you don't mind getting your hands on and jingling around. Just don't take them out of the house to jingle around.
  3. I always used a spreadsheet but only kept tabs on date of purchase, weight, price paid and cost of postage, which gave me a cost average. However, more recently I've been keeping tabs on where I bought it from, and spot price at time of purchase too.
  4. Sorry to bring up this old thread, but I didn't really want to start a new one just for this. I had doubts about three of the ASEs I'd bough via eBay a while back. I had completely forgotten about them until I found them again recently. They looked right, had the right dimensions and weight. What I found doubtful about them was the ping test. They didn't seem quite right compared to other ASEs I was sure were genuine. Now, I'd never done a specific gravity test before, so thought I'd give it a go for the first time today. I did the test on the three doubtful coins along with a coin that I was sure was genuine. Anyway, happy to report that the results for all the coins were close enough. 10.46 for the coin I knew was genuine, and 10.45, 10.41 and 10.49 for the coins I'd had doubts about. So, I'm pretty happy about that. That just leaves me with a 1oz generic bar that I know is definitely fake. I bought it in my early staking days, about 10 years ago, and it was a bit too late to do anything about it when I discovered it was fake. My view with eBay is that it can be a decent place to pick up stuff, as long as you are super careful. I still bid on the odd item, but only in the hope of getting a reasonable bargain. Stay away from the "too good to be true" kind of bargains.
  5. Brilliant. Always good to start the saving habit young.
  6. They're deemed to be legal currency by the UK government. I'm not 100% sure of the status of NI banknotes, but the ones in Scotland aren't legal tender anywhere. In fact no bank note is these days, but that doesn't really have a bearing on purchases. The only banknotes that were technically legal tender in Scotland were the Bank of England 10 shilling note and the £1 note. I've never tried a NI note in a machine, but I'm happy to report that supermarket self-checkouts are perfectly happy with Scottish notes in English stores. I guess they use exactly the same software as in the Scottish stores. I even had a Clydesdale fiver come out of the machine in change at a Sainsbury's in London. Although I'm not a fan of fiat currency, I do like the variety of all the designs of the notes when I'm back home.
  7. I once started an experiment in which I kept a receipt for a shopping market trip with a large number of items I buy regularly, with the intention of revisiting it a year later to see how much the price of those same items had risen by. Unfortunately, a year later I'd lost the receipt. Anyway, the point was, regardless of what the government says the inflation rate is, that has little bearing on what each of our personal inflation rates are, as we all buy different things. I might start that experiment up again soon, to see what happens.
  8. A big thank you to @BackyardBullion for keeping this going. I thought I was late to the party on this one, but placed my first order with the European Mint just now. For anyone a bit doubtful about using TransferWise, it's very simple to use, although the usual precautions apply, making sure you put in the correct bank account numbers, etc. I'll pass on the details of my order to you @BackyardBullion as soon as I get the invoice. Edit: Actually, I can screen shot the order page and send it now. Simples
  9. Exactly. I guess the only difference is that law enforcement wouldn't really bother with this as it affects only a relatively small amount of people, whereas fake £20 notes can potentially affect anyone who uses cash.
  10. I'm trying to be super careful these days with what I buy from eBay. When not careful, I've found myself getting carried away and not reading listings carefully enough and almost bidding on rubbish like this.
  11. Nice. I do miss the Dutch guilder. I normally go for coins that are at least 80% silver, but I might have to pick up a few of these.
  12. I used to buy quite a bit of pre 1919 British and pre 1965 American on eBay for pretty much spot, including postage costs. Got quite a few better than junk half crowns that way. Unfortunately, more recently, it seems a lot harder to get good prices now, so I wish too I'd kept it up while the going was good.
  13. Quite possibly, considering the unicorn represents Scotland!
  14. Thank you all for the welcome. Hope to get some time soon to have a good look through some of the threads.
  15. Hi All, New to the forum, but not new to stacking. Been at it for a few years now, but not really been part of any communities before. Currently based in London, UK, bur originally from northern Scotland. Glad to meet you all.