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Downs523

Which is the better option....

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7 minutes ago, fiveshotdon said:

100% go for the sovereign even if the Britannia is better value. I prefer the Britannia personally but I would rather be holding sovereigns when you need to sell.

 

Could I ask why you would rather have soverigns when time to sell?

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4 minutes ago, Downs523 said:

Could I ask why you would rather have soverigns when time to sell?

Who doesn't like a sovereign, you have history andgold content, your paying extra for the extra gold in the brit but brits are just bullion, sovs are collecting material.

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20 minutes ago, DarkChameleon said:

Who doesn't like a sovereign, you have history andgold content, your paying extra for the extra gold in the brit but brits are just bullion, sovs are collecting material.

If you wanted to go for,a quarter oz of gold then I'd recommend a qb...it's going to be one of a 10 coin collection and you might get a nice premium when done...buy you might pay a nice premium when collecting the early ones.

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1 hour ago, Downs523 said:

Could I ask why you would rather have soverigns when time to sell?

In my experience sovereigns sell very quickly and very close to what you can pick them up for at the time. I have found the britannia is a more difficult coin to find a buyer and you might find yourself lowering the price to liquidate, especially if your trying to sell a few.

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The sovereign is better value for the gold - the gold of a Britannia would cost £254 if measured in the same way as a sovereign.

This is why sovereigns sell better b/c they are better value from the point of view of gold. Depending on the quality and the year with a Britannia you may do better in the longer term - but that is luck and judgement.

i would say on balance the price the sovereign is being offered at is actually a better price say compared with the new gold prices at Atkinsons.

Other members are saying sovereigns - so if only on the weight of numbers that looks like the consensus choice. You do know you can always get a sovereign off your hands if you needed the fiat in a hurry.

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A new sovereign gets you more gold for your money, that is true.

The premium is very likely not going to appreciate.  

Personally I prefer 24 carat gold and I prefer something with a more modern design.  May not be the best investment strategy.  It feels good to look at.

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11 hours ago, sixgun said:

The sovereign is better value for the gold - the gold of a Britannia would cost £254 if measured in the same way as a sovereign.

Exactly. Only time I would buy  brits or Krug above 1/10 is if the premium is 3% or less. 

1/10s hold their premiums well and easy to sell. 

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1 hour ago, ilovesilverireallydo said:

Exactly. Only time I would buy  brits or Krug above 1/10 is if the premium is 3% or less. 

1/10s hold their premiums well and easy to sell. 

So 1/10 or a big OZ then.

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