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Realistic price for fractional gold


Peacemaker

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Hi guys, see so many talk about getting fractional gold for under 5% over spot, I can never find anything when I've got a bit of spare cash, got a tenth brit for 107 when royal mint had a sale over weekend, that's off now, cheapest tenth I can find now is about 112 and half sovereign about 126 posted, from Atkinsons, I had trouble breaking even on 3 full sov last year ended up losing £25 each and selling at spot, is there anywhere better to buy from?

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Hi guys, see so many talk about getting fractional gold for under 5% over spot, I can never find anything when I've got a bit of spare cash, got a tenth brit for 107 when royal mint had a sale over weekend, that's off now, cheapest tenth I can find now is about 112 and half sovereign about 126 posted, from Atkinsons, I had trouble breaking even on 3 full sov last year ended up losing £25 each and selling at spot, is there anywhere better to buy from?
I generally never find 1/10oz size for under 5% its generally 10%.

Half & Full Sovs are best, if you need to sell for quick cash you will lose no matter what but if you bought 10x Half Sovs for £115 each & waited for a £1 sell on Ebay you could easily make £10-£15 profit per coin. You then buy 11, keep 1 which is free & carry on.
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12 minutes ago, shawy2510 said:

I generally never find 1/10oz size for under 5% its generally 10%.

Half & Full Sovs are best, if you need to sell for quick cash you will lose no matter what but if you bought 10x Half Sovs for £115 each & waited for a £1 sell on Ebay you could easily make £10-£15 profit per coin. You then buy 11, keep 1 which is free & carry on.

cheers, Is 10% a good price price to pay for tenths?

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I think it's better than 11%?

The OP said he'd just paid £107 for a tenth didn't he? :P

 

 

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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If you paid £107 then but the cheapest price you can find now is £112, do you think it was a good or bad price?

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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46 minutes ago, DaveWheat89 said:

cheapest tenth I can find now is about 112

I just nabbed a 1/10 1982 Krug for £100. I also find buying from bullion dealer shops has lower premiums - I got some half sovs for 116 the other day. 
 

 

23 minutes ago, shawy2510 said:

Half & Full Sovs are best, if you need to sell for quick cash you will lose no matter what but if you bought 10x Half Sovs for £115 each & waited for a £1 sell on Ebay you could easily make £10-£15 profit per coin. You then buy 11, keep 1 which is free & carry on.

Exactly right - and they have the offer on now... Shifting a tonne of my silver odd bits to pay off my bill for @arshimo2012 kilo silvers... 

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2 minutes ago, DaveWheat89 said:

Yes I did but that was the cheapest I found at that time, not sure if I paid good or bad price 

Its subjective. If you sell it on, would you get your money back assuming gold stays at the same level? Then yeah. If gold goes up then def make your money back. If gold dips then you would lose out - i paid 108 for some 1/10 Brits from Atkinsons last year, still happy, and for the same Brits bought for £115. Hold when prices lower than your buy, sell when they up. PMs arent about profit, they are about the long term inflation hedge IMHO 

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2 minutes ago, ilovesilverireallydo said:

Its subjective. If you sell it on, would you get your money back assuming gold stays at the same level? Then yeah. If gold goes up then def make your money back. If gold dips then you would lose out - i paid 108 for some 1/10 Brits from Atkinsons last year, still happy, and for the same Brits bought for £115. Hold when prices lower than your buy, sell when they up. PMs arent about profit, they are about the long term inflation hedge IMHO 

It's not profit for me, its my way of saving, and when need a bit of cash Id like to lose as little possible

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It's not profit for me, its my way of saving, and when need a bit of cash Id like to lose as little possible
Half Sovereign is going to be your best bet if thats the case. I would never buy 1/10oz as a way of saving. I did to start with when Iwas new to it but now half sovs or full is the only way I would go unless I can get at virtually spot.
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1 minute ago, shawy2510 said:

Half Sovereign is going to be your best bet if thats the case. I would never buy 1/10oz as a way of saving. I did to start with when Iwas new to it but now half sovs or full is the only way I would go unless I can get at virtually spot.

Correct. I also often scour auctions for the odd deal and 9ct scrap, which I hold till the prices go up and straight swap for sovs. Granted I dont do a lot of this, but thats cause of lack of ready funds often enough as I recently bought a house - however used to do a lot of it before. 

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2 minutes ago, DaveWheat89 said:

What is your problem? Go be a smart arse somewhere else

Sorry David but you've been on the forum a long time and have done many trades.

You know the answer, why ask the question?

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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10 minutes ago, ilovesilverireallydo said:

1984 my bad but yeah my first Krug.

Do you like it? 

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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just 9 more and it will be :D

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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