Have Atkins*n's lost the plot?

[Silverlocks]

8 minutes ago, Orpster said:

There was only one Young Head on Atkinsons at £365 yesterday - I know I bought it lol.  One of their items I have a stock alert set up for, forgot about that

Britannia Coins have some btw - but at £385

It's academic - I'm out of ammo until the end of the month.

[Silverlocks]

11 minutes ago, Orpster said:

There was only one Young Head on Atkinsons at £365 yesterday - I know I bought it lol.  One of their items I have a stock alert set up for, forgot about that

Britannia Coins have some btw - but at £385

I think somebody might have hoovered those as well.

[Orpster]

2 minutes ago, Silverlocks said:

It's academic - I'm out of ammo until the end of the month.

Same  

And next payday I suppose my spare funds will be wasted on Christmas presents

[LawrenceChard]

3 hours ago, ant1882 said:

Better than anyone else, that's why I've been buying from Chards recently.

I know this thread is about silver, but another comparison (I bought the cheaper option of course):

2023 Australian Lunar Rabbit 1/10oz:

Atkinsons: £204!
https://atkinsonsbullion.com/gold/gold-coins/1-10oz-gold-coins/2023-australian-lunar-rabbit-1-10oz-gold-coin
Chards: £178
https://www.chards.co.uk/2023-lunar-rabbit-tenth-ounce-gold-coins/17141

Before anyone asks, no I don't work for Chards 🤣

Great, thank you.

Even if the lower cost option was elsewhere, I would commend you for looking for the best value.

I'm glad to hear that Chards works for you though!

😎

[LawrenceChard]

3 hours ago, TheShinyStuff said:

Do you get free postage?

******* No!

😎

[TheShinyStuff]

4 minutes ago, LawrenceChard said:

******* No!

😎

You know what to do to make it stop...😀

[LawrenceChard]

56 minutes ago, TheShinyStuff said:

You know what to do to make it stop...😀

Yes, add the postage on first, then lie to everybody that they get "free postage".

Unfortunately, I'm too honest to do that!

😎

[RRH87]

2 hours ago, LawrenceChard said:

Yes, add the postage on first, then lie to everybody that they get "free postage".

Unfortunately, I'm too honest to do that!

😎

Much prefer separate postage, you know if it's included ur getting ripped when u start to buy multiple items. Always check to see if Chards has something first.

Edited November 7, 2022 by RRH87

[TheShinyStuff]

1 hour ago, RRH87 said:

Much prefer separate postage, you known if it's include ur getting ripped when u start to buy multiple items. Always check to see if Chards has something first.

@LawrenceChard knows I'm pulling his leg...but maybe he could go 50/50 on the postage?

[StackemHigh]

I always get multiple items when ordering and always do a do a price comparison on the final total. Chards ain't always cheaper but maybe 70% of the time and i think that is the best test for anything. The overall amount of cash leaving your account or pocket.

My last purchase wasn't from chards using this method but if i had used chards over atties i would have saved £51.30 using chards. By going elsewhere i did save another £12.30 and atties weren't the most expensive either. 

The postage has to be paid one way or another so maybe @Chards @LawrenceChard chards have the correct approach but could it be better probably yeah.

[Orpster]

35 minutes ago, StackemHigh said:

I always get multiple items when ordering and always do a do a price comparison on the final total. Chards ain't always cheaper but maybe 70% of the time and i think that is the best test for anything. The overall amount of cash leaving your account or pocket.

My last purchase wasn't from chards using this method but if i had used chards over atties i would have saved £51.30 using chards. By going elsewhere i did save another £12.30 and atties weren't the most expensive either. 

The postage has to be paid one way or another so maybe @Chards @LawrenceChard chards have the correct approach but could it be better probably yeah.

Postage always needs to be accounted in the price, and at least Chards have it openly on the buy page.  Unlike some dealers <cough>Baird<cough> who only mention it at checkout and then start their postage at £11.

Apart from one occasion when I wanted the blister pack version I bought all my 2022 double sovereigns from Chards this year, even after the free postage offer ended they worked out the cheapest at any given point.  I suspect I will use them more next year as once they have a steady customer base I am fully expecting Tavex to remove their honeymoon prices

Edited November 8, 2022 by Orpster

[LawrenceChard]

14 minutes ago, Orpster said:

Postage always needs to be accounted in the price, and at least Chards have it openly on the buy page.  Unlike some dealers <cough>Baird<cough> who only mention it at checkout and then start their postage at £11.

Apart from one occasion when I wanted the blister pack version I bought all my 2022 double sovereigns from Chards this year, even after the free postage offer ended they worked out the cheapest at any given point.  I suspect I will use them more next year as once they have a steady customer base I am fully expecting Tavex to remove their honeymoon prices

Do I correctly presume you suspect them of predatory pricing?

😎

[Orpster]

1 hour ago, LawrenceChard said:

Do I correctly presume you suspect them of predatory pricing?

😎

I would definitely say they are loss leading or margin skimming pricing to make a name for themselves.  It may be unfair as they are a sizable organisation internationally and may have better buying power, but their margins in some items cannot be accounted for by price banding on the purchase side.  I bought some Krug's from them at what was 1.6% over spot at the time - and while I appreciate of all 1oz gold they traditionally have the lowest premium I cannot see much in them for that premium.

I have used them for some things this year based on price only, but their choice is small and they do not have my 'usual', in a format I want.  I tend to like best value bundles and concentrate on young heads, especially shield backs.  I have deviated slightly this year due to the special reverse design and even bought more Britannia's etc. than I would normally, but next year when I expect to return to my normal buying patterns I doubt they will see much of my money.  

My dealer bookmarks folder is quite telling with Tavex only having four entries (2022 sovereigns, 2022 Britannia's, 2022 TB Lions and 2023 TB Yale), the lowest of any main dealer.  They need a 'minty', sovereign listing - my most visited Chards page .  Though would love to see a best value page for young heads and young head shield backs on Chards so I could bookmark those 

[LawrenceChard]

6 minutes ago, Orpster said:

I would definitely say they are loss leading or margin skimming pricing to make a name for themselves.  It may be unfair as they are a sizable organisation internationally and may have better buying power, but their margins in some items cannot be accounted for by price banding on the purchase side.  I bought some Krug's from them at what was 1.6% over spot at the time - and while I appreciate of all 1oz gold they traditionally have the lowest premium I cannot see much in them for that premium.

I have used them for some things this year based on price only, but their choice is small and they do not have my 'usual', in a format I want.  I tend to like best value bundles and concentrate on young heads, especially shield backs.  I have deviated slightly this year due to the special reverse design and even bought more Britannia's etc. than I would normally, but next year when I expect to return to my normal buying patterns I doubt they will see much of my money.  

My dealer bookmarks folder is quite telling with Tavex only having four entries (2022 sovereigns, 2022 Britannia's, 2022 TB Lions and 2023 TB Yale), the lowest of any main dealer.  They need a 'minty', sovereign listing - my most visited Chards page .  Though would love to see a best value page for young heads and young head shield backs on Chards so I could bookmark those 

About a year+ ago, our price on Krugers was about 1.5% to 2.0% premium, but we adjust premiums according to market conditions, and for about the past year we have not been able to source enough, except for new ones.

I had to "fight" our team to get us to adopt "Minty" as a description!

All secondary market sovereigns have been hard to source at close to spot for about two or three years now, whether this is yet permanent, I don't know, but I forecast years ago that it was only a matter of time before "old" sovereigns became more expensive than "new" ones. This may be delayed as the RM recently increased its premiums on new bullion sovereigns.

😎

[TheShinyStuff]

23 hours ago, Silverlocks said:

It's not impossible that someone just fat fingered the data entry.  You could contact them and query the price.

So I did email Atkins*ns yesterday, and just got a reply saying they had reviewed the prices today, and hoped I'd now find them more competitive. I wonder if anyone they overcharged (if they sold any) has been refunded...

Still a tenner too expensive, but at least they listened and made an attempt at sorting it. Fair play.

[Silverlocks]

Pricey but seems more plausible now.

[Orpster]

2 minutes ago, LawrenceChard said:

About a year+ ago, our price on Krugers was about 1.5% to 2.0% premium, but we adjust premiums according to market conditions, and for about the past year we have not been able to source enough, except for new ones.

I had to "fight" our team to get us to adopt "Minty" as a description!

All secondary market sovereigns have been hard to source at close to spot for about two or three years now, whether this is yet permanent, I don't know, but I forecast years ago that it was only a matter of time before "old" sovereigns became more expensive than "new" ones. This may be delayed as the RM recently increased its premiums on new bullion sovereigns.

😎

You have certainly been proven right, and shield prices now - bloomin hell, even 1892 half's are going for £210+ and every other shield back half seems to be an 1892.

The minty idea I think is very good, especially for newbies who want shiny pretty coins.  And yours only tend to be a tiny little premium over your best value so gives people the option.  I did consider selling all my Victoria's when I got to the point I could not sensibly source the years I was missing without spending more than I wanted (I used to only keep the best example of each year and sell duplicates).  But now they are my preferred stackers and I always buy them over King heads unless the price on the Kings is too good to pass up.

[gji25]

is it just of case of the spot price is meaningless (unless your a bullion dealer buying) as its manipulated and could be a sign of the times that spot price is no longer a viable option to gauge precious metals ?

[LawrenceChard]

29 minutes ago, gji25 said:

is it just of case of the spot price is meaningless (unless your a bullion dealer buying) as its manipulated and could be a sign of the times that spot price is no longer a viable option to gauge precious metals ?

No.

Spot price is a product of supply and demand.

I do not believe the lunatic conspricay theorists who peddle a load of nonsense.

Any manipulation is more likely to be to the minds of the gullible who believe a large percentage of the dribble they read.

If you think gold or silver is too cheap, just keep buying it, and if you have enough money, like the Bunker Hunts, then you will force the price up.

😎

[gji25]

52 minutes ago, LawrenceChard said:

No.

Spot price is a product of supply and demand.

I do not believe the lunatic conspricay theorists who peddle a load of nonsense.

Any manipulation is more likely to be to the minds of the gullible who believe a large percentage of the dribble they read.

If you think gold or silver is too cheap, just keep buying it, and if you have enough money, like the Bunker Hunts, then you will force the price up.

😎

sounds like a plan to me 😎

[gji25]

10 hours ago, LawrenceChard said:

No.

Spot price is a product of supply and demand.

I do not believe the lunatic conspricay theorists who peddle a load of nonsense.

Any manipulation is more likely to be to the minds of the gullible who believe a large percentage of the dribble they read.

If you think gold or silver is too cheap, just keep buying it, and if you have enough money, like the Bunker Hunts, then you will force the price up.

So if there is No manipulation. How come then a few years ago JPmorgan where fined nearly 1billion$ for rigging the comex ?

Now who,s in denial. the lbma casino or the fed ? or the dribble they read. as above ^ 🤣

Edited November 9, 2022 by gji25
info

[StackemHigh]

13 hours ago, LawrenceChard said:

I had to "fight" our team to get us to adopt "Minty" as a description!

 

I'm Not surprised you had a fight, I would like to know why you would spray a coin or bar with sap from a pine tree to make then taste "minty", Lawrence @LawrenceChardwhat does it mean anyway?

 

[StackemHigh]

13 hours ago, TheShinyStuff said:

So I did email Atkins*ns yesterday, and just got a reply saying they had reviewed the prices today, and hoped I'd now find them more competitive. I wonder if anyone they overcharged (if they sold any) has been refunded...

Still a tenner too expensive, but at least they listened and made an attempt at sorting it. Fair play.

It's a good day indeed when somebody listens, It is a shame that it only happens when you shout loud enough or on a forum such as this one.

[StackemHigh]

13 hours ago, gji25 said:

is it just of case of the spot price is meaningless (unless your a bullion dealer buying) as its manipulated and could be a sign of the times that spot price is no longer a viable option to gauge precious metals ?

All prices are set for items or services. By the people buying the items or services!

Would @Chards be in business if people stopped paying chards their asking price? Of course not!  @Chardsis charging what they think their market will accept.

What the sellers want is a huge dose of FOMO so you will just pay what they want.

The price of a house in an area will be set, the price of a tv will be set, the price of a bag of chips will be set and an oz of your favorite precious metal will be set!

Is it rigged? Yes but by you as you are the one paying the set price. I have a long list of gold coins many of which are freely available at a price i just won't go to, Will i ever buy them? Yes, but only when i think the price point is right! I don't buy on availability and i know spot price is a made up number. I believe that spot price is a made up sum of money that a big cabal of financial institutions and the powerful families want to conduct their business at and not at the real value of the precious metal. Diamond price is fixed/inflated by the powerful too. If all the mined diamonds that have been mined hit the market all at once coal would be more expensive!

If anyone thinks that all the gold and precious metals that is produced is sold then i would call them out. Once a certain level of profit is made the rest will be stored to "protect the investment" and sold on to a shell company for storage to be sold on at a later date when more profit can be made.

 

[sovereignsteve]

18 hours ago, LawrenceChard said:

Spot price is a product of supply and demand

That would be true if the spot price was related to physical metal only.

However, in a world where bankers can create "paper" commodity at the stroke of a pen, well keyboard, they can manipulate the market. No one else has the liquidity to fight them.