Any love for Gold sovereigns

Any love for Gold sovereigns

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Discussion

Wilmslowboy

Original Poster:

4,188 posts

205 months

Sunday 21st June 2015
quotequote all
I have 5 1965 Gold sovereigns (mint in individual plastic envelopes)

Bought on a whim a couple of years ago...now wish to sell...

Other than ebay and bullion by post any other (specialist sites) recommendations where to sell.

The spread on bullion by post is currently massive, they sell for £349 each and buy for about 50% of that.

Magic919

14,126 posts

200 months

Sunday 21st June 2015
quotequote all
South East London and Essex.

nyt

1,803 posts

149 months

Sunday 21st June 2015
quotequote all
Check out Baird. They have a shop near Hatton Garden in London (if that's near you)

Wilmslowboy

Original Poster:

4,188 posts

205 months

Sunday 21st June 2015
quotequote all
thanks

I'm in Cheshire, but will email the suggestions above


jas xjr

11,309 posts

238 months

Sunday 21st June 2015
quotequote all
I work with a chap that buys and sells this kindbof thing.I can get his contact details if you wish

williaa68

1,527 posts

165 months

Sunday 21st June 2015
quotequote all
I am not aware that older ones have any particular value other than the gold - you are correct that a new soveriegn would sell for about £175, but a new one to buy would be about £185, so not that big a spread? Try www.bullionbypost.co.uk for prices.

Wilmslowboy

Original Poster:

4,188 posts

205 months

Sunday 21st June 2015
quotequote all
williaa68 said:
I am not aware that older ones have any particular value other than the gold - you are correct that a new soveriegn would sell for about £175, but a new one to buy would be about £185, so not that big a spread? Try www.bullionbypost.co.uk for prices.
Hi,

I might be looking at the wrong thing...but it appears they (1965) are £349 each to buy

https://www.bullionbypost.co.uk/gold-sovereign-spe...


williaa68

1,527 posts

165 months

Sunday 21st June 2015
quotequote all
No you are quite right, my apologies. I guess there may well be a market for people buying them as 50 year anniversary presents? Try calling BBP and ask them what they'd pay - ive both bought and sold from then in the past but only ever "regular" sovereigns, not anything collectible.

superkartracer

8,959 posts

221 months

Monday 22nd June 2015
quotequote all
I'd sell sharpish, i've been watching Gold fall weekly for the past few months.

walm

10,609 posts

201 months

Monday 22nd June 2015
quotequote all
superkartracer said:
I'd sell sharpish, i've been watching Gold fall weekly for the past few months.
It's flat YTD in USD and up c.2% in GBP.
It's up 8% in GBP since mid-April on dollar strength.
https://www.google.com/finance?q=NYSEARCA%3AGLD&am...

superkartracer

8,959 posts

221 months

Monday 22nd June 2015
quotequote all

superkartracer

8,959 posts

221 months

Monday 22nd June 2015
quotequote all

superkartracer

8,959 posts

221 months

Monday 22nd June 2015
quotequote all

superkartracer

8,959 posts

221 months

Monday 22nd June 2015
quotequote all
Price per oz has been failing , this effects coin/bar prices ( 1 oz is £80 cheaper than a 3 months ago ).

walm

10,609 posts

201 months

Monday 22nd June 2015
quotequote all
Sorry - you are right - I had flipped my GBPUSD with my USDGBP.
But that is an FX issue rather than anything to do with Gold.

You might as well tell him to sell all his GBP and convert it to USD since that is the same argument!!

superkartracer

8,959 posts

221 months

Monday 22nd June 2015
quotequote all
walm said:
Wrong etc

You might as well tell him to sell all his GBP and convert it to USD since that is the same argument!!
Yeah thought i* was going mad wink

Well not really, the man has some coins, they are dropping and he wants to sell.. so if i were him i'd sell now rather than next week , thats all ( as i've been watching it fall week on week ha ha . I'm looking to purchase , but waiting for the big winter drop , that always happens around nov/dec etc. TBH GOLD is not the best investment ( if an investment at all ) but i'm building a stash for the kids.

Edited by superkartracer on Monday 22 June 20:28

tescorank

1,985 posts

230 months

Monday 22nd June 2015
quotequote all
If you pass them on to the next generation is there no cgt?

williaa68

1,527 posts

165 months

Monday 22nd June 2015
quotequote all
There is inheritance tax if above the thresholds but there is no CGT if you sell as they are legal tender, or something like that

Wilmslowboy

Original Poster:

4,188 posts

205 months

Tuesday 23rd June 2015
quotequote all
Ok

Now on ebay...no reserve, no buy now price...5 day auction.


Squeaky bum time :-)

droopsnoot

11,809 posts

241 months

Thursday 25th June 2015
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williaa68 said:
There is inheritance tax if above the thresholds but there is no CGT if you sell as they are legal tender, or something like that
I think the legal tender aspect of it means they need to be British coins, i.e. not Krugerrands or the like.