Choosing my first 1/10 ouncer

[FFkook]

So,

Been wanting to buy a tenth ounce coin, as a first. I know premiums are high, and with that fact, I think it is pretty hard to ever earn that back. So I'm really in doubt, since I have the feeling that is literally throwing away money. I'm looking at the tenth Britannia and the tenth Kangaroo -both a 2018 version- which will be about 41 euro/gram, way above spot(33,5/gram).. Nowhere to be found cheaper for me than at bullionbypost.

So, any advice on here? Which to choose, other ideas about this?

About the coins themselves, is there any difference in color with these coins? 

[austack]

What about a low mintage Libertad? will make money if you get one for a good price.

[JunkBond]

Don't worry, these fractionals will always carry the premium with them, you just have to sell sensibly.

 

[richatthecroft]

@JunkBond is right, 1/10 coins always carry a premium with them, but if you are canny and bide your time you can pick 1/10 coins up without massive premiums:

@Keenstacker and @Roy have recently listed some 1/10 Krugs, I can't seem to embed the link but they are several pages back on the UK For Sale section.

I agree with @austack that 1/10 Libertad key date years with low mintage could be a way forward or consider 1/10 Proof Britannia- a lot of the dates are extremely low mintages and again if you bide your time, you can at times pick them up reasonably.  

I like the 1/10th size coins and x10 always make an ounce!!!   

Good Luck with your purchases.

 

[Roy]

Agreed. They can be found cheap and the Proofs are worth hunting for.

For me, the problem is this:

Too bloody small 

I'd save a bit longer and buy a sovereign. My opinion of course. 🙂

[richatthecroft]

8 minutes ago, Roy said:

Agreed. They can be found cheap and the Proofs are worth hunting for.

 For me, the problem is this:

  

 Too bloody small 

 

 

 

Eye test @Roy ? 

https://www.visionexpress.com/offers/eye-test-10/

[Roy]

Fat fingers @richatthecroft 😉

[FFkook]

Thanks for all the responses. Libertads are coins I don't like, so it will defo be the Brits, Roo's or Sov's. Think they will sell better and easier in the future than 1 Oz coins.

So about those colours, does anybody know if there is a color difference? Hard to see from the pictures.

But boy, they are REALLY small! A 2 eurocents is bigger, didn't see that one coming..

[kimchi]

I'd go for 1/10th Brits in general, key years when you can pick them up as a good deal...this series is yet to take off fully imo but when the US market clocks on (as they seem to have started to with Sovs) I think they'll do well, you should certainly never lose.

Wouldn't touch Krugs myself, no appeal for me and no collector potential, Brits have a yearly design and CGT free.

A friend likes the pandas but never really looked at them. You don't like Libertads but if you want a wider but thinner coin look at the other options at that weight.

You could also think about saving up for longer and looking at half Sovs. A good size, just thinner. Also under-appreciated by collectors for the moment imvho.

[Roy]

Translated for @CadmiumGreen

With consideration,

[CadmiumGreen]

2 minutes ago, Roy said:

Translated for @CadmiumGreen

With consideration,

@Roy, the dime would probably have been a closer approximation 😁...I still couldn’t get myself to get anything less than a full, possibly half sovereign, in gold. @FFkook, Recommend getting a 1/10th Brit (Libertads tend to grow on some folks, I really like them for the design and variations of annual mintage) just to prime the pump...and save for the full or half Sov. Once you have done that you are hooked. 😀

[richatthecroft]

@FFkook  I realise that size sometimes matters but ponder on this, Atkinsons right now are selling: 

1/10 2018 Britannia at £108.20.  They are 3.11g fine weight and 16.55mm in diameter that's £34.79 per gram.

Mixed date pre-owned Half Sovereigns are £124.04.  They are 3.66g fine weight and 19.3mm diameter that's £33.89 per gram.

I guess the premium between these coins can be very close, even at bullion dealers and of course, personal preference on size will prevail.  (I acknowledge that cheaper half sovereigns can be sourced, but so can 1/10 coins.)   (The Atkinsons prices can easily be referenced).  

Also 1/10 Elephants have a larger diameter (20mm) than a half Sovereign and 1/10 Pandas are very near to same size as half Sovereigns at 18mm.  

I like Gold, 1/10 coins, half Sovereigns , Sovereigns, Britannia, Libertad & Krugs in fact any size, any weight of these coins. 

I believe, that when sourced wisely,  those on a budget cannot overlook the 1/10 coin. 

For example, my average for 1oz of 1/10 coins, bought in the last four months or so, is in my opinion, extremely frugal at just over £32 per gram- much better to buy these at pocket money prices than a couple of nights in the pub!

For those who want to make a start at preserving wealth and investing in Gold, Jump into the 1/10 Coins- with care.  

[MickD]

I like these, they seem quite affordable and will hopefully appreciate

[Foolssilver]

I personally would recommend the half sov route. Potential for cheaper premiums, potential to get something with a bit of history and CGT free (like the Brit) if you end up amassing more and more of them

I also would be a huge advocate of waiting until one is next listed on the forum. I’ve seen 1/10th coins or half sovs regularly at about £5 less than with the main dealers. 

[Seasider]

You ask about colour - I think of the Brits as the traditional gold colour while the Roos are more yellow (but they tend to have a gold ring or highlight somewhere making them two-toned).

Although the Brits do come up with different designs it is not every year and lately you have to buy a proof (not sure if they still do that in 1/10th) but the Roos seem to have a different design each year.

We brits go on about CGT benefits for Sovereigns and Britannias which may not be an issue if you are in Holland. but if the tax issue is the same with "foreign" currency then are there small gold euro coins you could look at?

[JunkBond]

20mm +3% premium

 

https://www.hattongardenmetals.com/buy/austrian-gold-ducat-coin

[Big23]

18 minutes ago, JunkBond said:

20mm +3% premium

 

https://www.hattongardenmetals.com/buy/austrian-gold-ducat-coin

That really is a good price for our Ducats o.O

@FFkook if you take a look here you might find some offers with lower premiums at your neighbors in Germany

https://www.gold.de/aufgeldtabelle/

[Martlet]

I got a lunar monkey 1/10th last week, another option to throw in the mix and confuse   I'm also looking that the 1 Ducat and 10Corona that seem to have low premiums for ~1/10th oz.  Though i note the OP is in Netherlands and may have commented on difficulty getting good prices locally, so shipping/taxis going to spoil things a bit. 

[knighthawk]

Also keep an eye out here for when eBay coupons and vouchers are posted. You can get gold for below spot with those.

[PansPurse]

2 hours ago, JunkBond said:

20mm +3% premium

 

https://www.hattongardenmetals.com/buy/austrian-gold-ducat-coin

I second this as being an extremely satisfying buy. It's quite wide too, so feels that bit bigger!

[knighthawk]

8 minutes ago, PansPurse said:

I second this as being an extremely satisfying buy. It's quite wide too, so feels that bit bigger!

Especially if you are a fan of historical strategy games. They always call the money Ducats!

[RoughDog]

On ‎25‎/‎08‎/‎2018 at 13:36, Roy said:

Agreed. They can be found cheap and the Proofs are worth hunting for.

For me, the problem is this:

Too bloody small 

I'd save a bit longer and buy a sovereign. My opinion of course. 🙂

Too small for what?

[Roy]

For me.

☺️

[ilovesilverireallydo]

In my experience it’s possible to hunt for decent 1/10s at decent prices.  Premiums can be reclawed too. 

There are a number of sellers here that often have good deals for example I picked up Brits for £99 and krugs for 95.