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3 minutes ago, Jay2 said:

I don't understand fake 22ct sovereigns, and the like. Maybe it's advertising / a craftsmanship challenge /  ... fan art?  :D 

Maybe sovereigns were/are preferred and trusted in some countries over other gold coins is my only guess

 

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4 minutes ago, Jay2 said:

I don't understand fake 22ct sovereigns, and the like.

I believe it had to do with wedding traditions in e.g. India where you gift gold coins. In the absence of real sovereigns a market of "fake" sovereigns developed which lead to the MMTC-PAMP India sovereigns. 

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Or to debase another's currency

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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55 minutes ago, augur said:

I believe it had to do with wedding traditions in e.g. India where you gift gold coins. In the absence of real sovereigns a market of "fake" sovereigns developed which lead to the MMTC-PAMP India sovereigns. 

Often India and Arab countries would make real gold fakes as sovereigns achieve premiums locally and too expensive to import. In actual fact their value is marginally higher as they use silver to mix these coins instead of copper. 

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1 hour ago, ilovesilverireallydo said:

In actual fact their value is marginally higher as they use silver to mix these coins instead of copper. 

Would that make them electrum coins? I want one now.

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3 hours ago, Jay2 said:

Someone, over on Today I Received, mentioned getting gold bullion from them that was still gold, but not legit coinage.

(Presumably it wasn't the full carat, or why bother making the fakes?) If it's full carat well ... bullion is bullion?

They are not coin dealers, they frequently buy fake gold coins unintentionally. The coins exist and they are the obvious place to unload them if you are that way inclined. They do check gold content and if the worse comes to the worse, they just melt them as scrap and still make a small profit.

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1 minute ago, sovereignsteve said:

They are not coin dealers, they frequently buy fake gold coins unintentionally. The coins exist and they are the obvious place to unload them if you are that way inclined. They do check gold content and if the worse comes to the worse, they just melt them as scrap and still make a small profit.

I haven’t bought from them before but they do sell some coins at a premium so they should make sure it’s genuine coins 

MY TOTAL FORUM TRADE FEEDBACK IS 100 AND IT IS 100%

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2 hours ago, ilovesilverireallydo said:

Often India and Arab countries would make real gold fakes as sovereigns achieve premiums locally and too expensive to import. In actual fact their value is marginally higher as they use silver to mix these coins instead of copper

again yes

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3 hours ago, KDave said:

It's a market place, plenty of other dealers with integrity and equal treatment of all customers.

Exactly, we are all free to choose where we buy.

I have always found them to have integrity and deal with any issues correctly. They have no numismatic knowledge but have definitely been looking at ways to increase their margins recently. If you feel that is unacceptable, I would have some sympathy but in the end it's caveat emptor.

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Does anyone have any experience of HGM offering you requested portrait types when buying multiple sovs on the same order?

 

(I'm hoping to get one sovereign of each obverse, eventually, but I understand they also put a premium on certain obverses.)

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I fully believe the Krugerrand I bought from HGM is genuine, but will be selling it back to them in the future.

If I wanted to be getting scales and calipers and religiously checking all my purchases I may as well be buying from ebay. How can I sell on a coin in the future not knowing if it is genuine. I want a dealer I can trust. So currently I am undecided about where to shop. Premium aside, there is some logic in not putting too much cash into a single coin just in case.
Anyway cheaper is not always better.  :)

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8 hours ago, Jay2 said:

Does anyone have any experience of HGM offering you requested portrait types when buying multiple sovs on the same order?

 

(I'm hoping to get one sovereign of each obverse, eventually, but I understand they also put a premium on certain obverses.)

I have given them a ring just before ordering a couple of times and they have always been accommodating. 

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5 hours ago, JunkBond said:

I fully believe the Krugerrand I bought from HGM is genuine, but will be selling it back to them in the future

I have never heard of fake krugs but I'm sure they will exist as debased gold. There would be no point making fakes with the correct amount of gold. If you buy one from HGM you can be sure it'll be genuine.

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5 hours ago, JunkBond said:

I want a dealer I can trust

 

that's not a reason to not check each and every purchase.

even the best makes mistakes. also your integrity as an

able fake detector is a plus when you come to selling.

hgm do some good deals but that might require more

effort from you to become more knowledgeable about

what you are buying.

 

HH

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I have finally purchased myself a pair of scales and some vernier calipers so I can check everything going forwards. I'm a bit embarrassed to say I haven't done this before. 

I would like to think the dealers I buy from are trustworthy, otherwise I would not be purchasing from them. However as has already been mentioned, mistakes do happen. 

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5 hours ago, JunkBond said:

I want a dealer I can trust. 

If this is your main concern, just buy brand new Royal Mint bullion coins direct from the Royal Mint. 

No break in the chain of custody or distribution, so as near as possible to get genuine product from mint direct

It has only been around since year 1100 !  So is not just a new internet start up, it has a few years of history behind it 

But even saying that, even buying via this process from Mint direct is STILL not total 100% guarantee !

http://www.cbc.ca/news/canada/ottawa/fake-gold-wafer-rbc-canadian-mint-1.4368801

 

 

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On 12/12/2017 at 10:17, Sovereign said:

Cheapest 2017 full proof sovereign i have seen 

seller will accept £550! 

Only if i had spear £550 ?

(Buy at your own risk) 

 

https://m.ebay.co.uk/itm/2017-Great-Britain-Pistrucci-Gold-Proof-Full-Sovereign-Coin-Box-COA/282758564800

Was sold at 680€ (599£) 

GoldSilver.be sells them at 699€ !...so only 19€ more with a dealer, they also sell  the plain edge at 719€ !  but  just 1 proof and 2 plain edge in stock only

Seems to be a real bargain

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On 06/12/2017 at 08:20, JunkBond said:

I fully believe the Krugerrand I bought from HGM is genuine, but will be selling it back to them in the future.

If I wanted to be getting scales and calipers and religiously checking all my purchases I may as well be buying from ebay. How can I sell on a coin in the future not knowing if it is genuine. I want a dealer I can trust. So currently I am undecided about where to shop. Premium aside, there is some logic in not putting too much cash into a single coin just in case.
Anyway cheaper is not always better.  :)

I seem to think the same way I have purchased a few lately from the Royal Mint and can say great coins and generally in the right ball park price wise. Same as everything I wait for what I consider a good price for a collectable coin with a coa. But I totally understand why someone would think a little overpriced. But my argument is piece of mind. This is only my opinion.

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