**February/March 2018** Group order from GoldSilver.be

[Guest]

2 minutes ago, Foolssilver said:

Few questions .....

 

How much are you looking to buy?

How long do you want to hold onto it?

 

looking to spend between £50 to £100 worth including shipping fees so maybe about 4 or 5 of them.

I will hold it at least a few years or more Im not looking for a fast exit or fast money. I just want to hold my money in another form of an asset.

[Foolssilver]

In that case i wouldn't object to the Owls as they are affordable.  Im relatively knew myself so others may have different opinions. 

[Guest]

Thanks for the input, Ill proablay get the collecting bug after buying my first coins.

[PansPurse]

13 minutes ago, ColourSilver said:

looking to spend between £50 to £100 worth including shipping fees so maybe about 4 or 5 of them.

I will hold it at least a few years or more Im not looking for a fast exit or fast money. I just want to hold my money in another form of an asset.

Ok it sounds like you've done your homework and have a good handle on what you're buying and why . At your budget capital gains tax really isn't an issue so I can't think of any real drawback to the Niue Owl.

As an aside, I suspect you can get hold of gold at a lower premium; but it depends on one's reasons for selecting which precious metal.

[Guest]

4 minutes ago, PansPurse said:

Ok it sounds like you've done your homework and have a good handle on what you're buying and why . At your budget capital gains tax really isn't an issue so I can't think of any real drawback to the Niue Owl.

As an aside, I suspect you can get hold of gold at a lower premium; but it depends on one's reasons for selecting which precious metal.

Thanks, I need to look more into the  capital gains tax if I fully get into collecting.

I was looking into buying gold aswell, what would be the best way to buy gold at a lower premium would it buy within the uk as theres no VAT and what website would I buy from. I just worried about getting fake gold as im not used to what it feel like and looks like and so on.

[BackyardBullion]

6 minutes ago, ColourSilver said:

Thanks, I need to look more into the  capital gains tax if I fully get into collecting.

I was looking into buying gold aswell, what would be the best way to buy gold at a lower premium would it buy within the uk as theres no VAT and what website would I buy from. I just worried about getting fake gold as im not used to what it feel like and looks like and so on.

https://atkinsonsbullion.com/

http://www.hattongardenmetals.com/

https://www.goldline.co.uk/

https://www.atsbullion.com/

I have used all of the above at various times for gold. Usually low premium over spot and you know the coins are genuine. 

[PansPurse]

6 minutes ago, ColourSilver said:

Thanks, I need to look more into the  capital gains tax if I fully get into collecting.

I was looking into buying gold aswell, what would be the best way to buy gold at a lower premium would it buy within the uk as theres no VAT and what website would I buy from. I just worried about getting fake gold as im not used to what it feel like and looks like and so on.

Others can probably offer more information. I have picked up some from eBay, and would be happy trading with established users on this forum.

I invested in a digital scale, neodymium magnet and digital calipers for verifying dimensions and weight, which I figure is enough to establish that the coins I buy really are gold.

[Guest]

2 minutes ago, BackyardBullion said:

https://atkinsonsbullion.com/

http://www.hattongardenmetals.com/

https://www.goldline.co.uk/

https://www.atsbullion.com/

I have used all of the above at various times for gold. Usually low premium over spot and you know the coins are genuine. 

thanks, Ill take a look.

[Guest]

Just now, PansPurse said:

Others can probably offer more information. I have picked up some from eBay, and would be happy trading with established users on this forum.

I invested in a digital scale, neodymium magnet and digital calipers for verifying dimensions and weight, which I figure is enough to establish that the coins I buy really are gold.

How accurate would the tools need to be could i use my kitchen digital scales and my £3 ebay calipers?

[BackyardBullion]

7 minutes ago, ColourSilver said:

How accurate would the tools need to be could i use my kitchen digital scales and my £3 ebay calipers?

Get this one - perfect for gold and for small (up to 3 oz) silver coins.

https://www.amazon.co.uk/AMIR-Function-Stainless-Accurate-Included/dp/B01JTW4TLK/ref=sr_1_1_sspa?ie=UTF8&qid=1518778399&sr=8-1-spons&keywords=digital+scales+0.01g&psc=1

And a magnet:

https://www.ebay.co.uk/itm/Neodymium-Magnets-Rare-Earth-NdFeB-N35-N52-Disk-Ring-Super-Strong-Craft/351416155240?hash=item51d208fc68:m:mKF1zsLYdQ9m2MJvZ2rQANQ

[PansPurse]

6 minutes ago, ColourSilver said:

How accurate would the tools need to be could i use my kitchen digital scales and my £3 ebay calipers?

Speaking as a scientist, I'd say always go one order of magnitude more precise than the thing you're measuring. In my case the calipers go to 0.1mm, my scales go to 0.01g

[Guest]

3 minutes ago, BackyardBullion said:

Get this one - perfect for gold and for small (up to 3 oz) silver coins.

https://www.amazon.co.uk/AMIR-Function-Stainless-Accurate-Included/dp/B01JTW4TLK/ref=sr_1_1_sspa?ie=UTF8&qid=1518778399&sr=8-1-spons&keywords=digital+scales+0.01g&psc=1

And a magnet:

https://www.ebay.co.uk/itm/Neodymium-Magnets-Rare-Earth-NdFeB-N35-N52-Disk-Ring-Super-Strong-Craft/351416155240?hash=item51d208fc68:m:mKF1zsLYdQ9m2MJvZ2rQANQ

Should I get the 100g model or the 200g model scale?

and what size magnet?

Also dose the magnet test work on gold and silver?

[BackyardBullion]

1 minute ago, ColourSilver said:

Should I get the 100g model or the 200g model scale?

and what size magnet?

Also dose the magnet test work on gold and silver?

Magnet test is best on silver - Either scales will be fine. 

I got the smallest sized magnets - you dont need or want them that big!

If you want the best method of testing gold and silver then you need to learn to do a specific gravity test

https://youtu.be/GH6h6GhEDjA

[PansPurse]

9 minutes ago, ColourSilver said:

Should I get the 100g model or the 200g model scale?

and what size magnet?

Also dose the magnet test work on gold and silver?

Magnet: silver it'll slide down at a slightly slower pace than just falling, gold is completely non magnetic. If magnet sticks then it's probably a fake.

Scale, so long as the accuracy is the same it makes little difference, depends on whether you're contemplating chunky bars 

I don't do the whole hog of specific gravity (density) tests, but compare my measurements with standard values for the coins I buy.

[Ansel]

Great advice from @BackyardBullion and @PansPurse.

My next unboxing video includes me checking a sovereign from eBay with scales and a set of calipers. 

I was going to put it up over the weekend but can stick it up this afternoon if it will help? @ColourSilver

[Guest]

1 minute ago, Ansel said:

Great advice from @BackyardBullion and @PansPurse.

My next unboxing video includes me checking a sovereign from eBay with scales and a set of calipers. 

I was going to put it up over the weekend but can stick it up this afternoon if it will help? @ColourSilver

Yea that would be good please. Ive saved your YT

[Ansel]

12 minutes ago, ColourSilver said:

Yea that would be good please. Ive saved your YT

I'll send you a PM later when it is up. 

[Sovsaver]

22 hours ago, PansPurse said:

Magnet: silver it'll slide down at a slightly slower pace than just falling, gold is completely non magnetic. If magnet sticks then it's probably a fake.

I’ve seen this “sliding magnet” test on the internet, even was supplied with one kindly when I bought a coin. The fact that the magnet slowly slides down the metal doesn’t indicate silver though sadly. All non magnetic metals (diamagnetic or paramagnetic) do this, it’s just a phenomenon called Lenz’s law, or nature’s way or reducing change. I use it to teach lenz’s law, but with copper, don’t want my students pinching bits of my stack!

It seems to me the only use of the magnet is to confirm the items not made of ferritic steel.

[PansPurse]

20 minutes ago, Sovsaver said:

I’ve seen this “sliding magnet” test on the internet, even was supplied with one kindly when I bought a coin. The fact that the magnet slowly slides down the metal doesn’t indicate silver though sadly. All non magnetic metals (diamagnetic or paramagnetic) do this, it’s just a phenomenon called Lenz’s law, or nature’s way or reducing change. I use it to teach lenz’s law, but with copper, don’t want my students pinching bits of my stack!

It seems to me the only use of the magnet is to confirm the items not made of ferritic steel.

None of the tests seem absolute and perfect but it's one more thing one can check. It also tests for nickel, which is probably more important given how commonly that's used in modern coins.

Edit: I just realized that sounds condescending, which wasn't my intent, was just adding the nickel reference for anyone not familiar with it 

[Sovsaver]

I wasn’t saying the magnet test doesn’t work, just that a slowly sliding magnet isn’t indicative of pure silver.

I tend to use an Eddy Current Set or PMI, but only because I have access to them at work.

[kimchi]

1 hour ago, Sovsaver said:

I wasn’t saying the magnet test doesn’t work, just that a slowly sliding magnet isn’t indicative of pure silver.

I tend to use an Eddy Current Set or PMI, but only because I have access to them at work.

On a coin slide won't .999 silver have a unique slide time compared to any other metals or alloys?

[Sovsaver]

24 minutes ago, kimchi said:

On a coin slide won't .999 silver have a unique slide time compared to any other metals or alloys?

To some extent, yes, as the secondary field depends on the electrical conductivity, but copper and silver are very close conductivity wise, as is gold. I think it might be hard to spot? The material thickness, surface condition etc might mask it I think.

Stainless Steel is a big difference (just tried it) so it would be good to check that I guess.

[blackadder]

On 2/13/2018 at 20:14, BackyardBullion said:

What the group order does (in my opinion) is save you a lot of the hassle of having to create an account with the dealer, paying them via IBAN transfer (which can be expensive if done from your bank directly) and a hassle at least if done from transferwise. I save you the time and hassle of these things - all for a "tip" of £1 

Where this works best is people who want to order 1 - 5 coins and are happy with just 2nd signed as their onwards postage option. 

This is why i joined in and will in future,Didn't wanna make another two accounts or mess around.So that to me is worth the tip and what not..

[silversky]

1 hour ago, kimchi said:

On a coin slide won't .999 silver have a unique slide time compared to any other metals or alloys?

Yes it does.  I have such a slide and have tried different metals (gold, silver and copper rounds) and they do slide at very slightly different speeds.  But, one would have to make a really long slide to count it properly and also the surface makes a difference as well between different coin designs so unless you are comparing a known genuine item with a suspect one it's not practical to judge the slight variance in time.  It's still a useful tool though and instantly detects most fakes.  I would be interested to see how Tungsten reacts to the slide because it's paramagnetic which probably shows a different reaction to the slide.

 

[Panicbuyer]

Are we allowed to order Bars though group order or does it have to be coins only?

This is the one i'm referring to

https://goldsilver.be/en/home/1724-perth-mint-1-oz-silver-rectangle-dragon-bar-2018-.html