Thanks for watching, looking forwards to chatting in the comments. Would you like a free 1 oz Silver Britannia on your next gold order? www.bullionbypost.co.uk/accounts/login/?referral_code=DIYFOEUS Currently Bullion By Post have a referral offer if you sign up through my link and make a qualifying order as a new customer.
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Where is the best place to buy sovereigns in the uk?
There’s no right answer all of the time. If you have a local reputable coin shop is start there, if not I’d look at the main online dealers, stock levels vary and premiums rise and fall too. Also some places might offer better prices if you’re buying 10 but another dealer could be cheaper buying just 1. This video should help you though
https://www.youtube.com/watch?v=SH37UPoM2xo
My advice to all of you, who don’t know what gold should you buy – you can’t go wrong buying gold Sovereigns (living in the UK)!
Agreed, sovs or 1 Oz Brits if you like something bigger
What year did the sovereigns go the new coppery colour? New to this and looking for a sovereign for the next purchase but not a fan of the new ones.
Since 2000 the sovereigns have taken up this more coppery look. I like George V and earlier the best (1932 and before) but the first 2 Liz portraits are not too bad either. This video might help you
https://www.youtube.com/watch?v=65Aq3ZwwTcI
This is usually the difference between 22ct and 24ct. Coins have the wane amount of gold in but 22ct doesn’t scratch nearly as easily as 24ct which is a nicer yellow colour but must be handled with care.
Great video! I know there are special sovereign dates out there (1989, 2002, 2005, 2012, 2017). I personally prefer the older coins, do you have more recommendations? Special dates? Thanks!
In terms of older coins that are still relatively easy to pick up there are some interesting years, you might like to add a Young Victoria shield sovereign or perhaps different portraits that you don’t already have. If you look at mintmarks there’s a few interesting years such as 1918i which is the only year the older sovereigns were minted in India or 1932 which was the final George V bullion sovereign only minted in South Africa. If you want something really special some of the pre Victorian sovereigns like George iii 1817 in reasonable condition would be a fantastic addition to a collection
I never pay more the 8% premium on fractional that’s why I stick to Sovereigns for my fractional. 1oz coins I stay under 5% premium and I usually buy 24k unless it’s an American Gold Eagle. Buffalos, Brits and Perth Mint products. Krugs and Maples draw the attention of the Internal Revenue Service for some reason.
Good to have some limits. It makes sense to stick with the low key option too
I’m in Australia. Yes there’s GST on 22k sovereigns, but if you buy on the secondary market you can get good prices for sovereigns (close to spot). It’s worth stacking them.
Fantastic that’s good to know. Australia has some great options from the Perth mint too. 22k there is treated similar to silver in the UK the dealers charge VAT but 2nd hand market does not, the only thing is that sellers know how much dealers charge and so usually increase their premiums accordingly (on 999 bullion at least)
hi where do you usually buy your coins
Hello. There is no one best dealer to buy from as it depends on stock levels of what you’re buying, the dealers premiums which change frequently and the quantity you’re ordering. If you’ve got a reputable dealer you can go to in person I’d start there but this video may help you
https://www.youtube.com/watch?v=SH37UPoM2xo
I’m thinking about buying into gold. I was originally thinking of buying a 1kg bar, but then read that id have to pay capital gains when i sell in 10 to 15 years time.
So i saw that sovereigns were a better option in this regard but i don’t fully understand the premium issue. I was looking at buying 100+ sovereigns from the royal mint in one go.
Is this a stupid idea?
The advantage of sovereigns or Britannias they are currently exempt from CGT like you say whereas the bars are not but also more divisible. You have options to buy and sell in multiple tranches eg you could buy say 10 Oz now, another 10 Oz in 6 months and the rest next year (however you see fit to spread your average cost out and not be exposed to one point in the market)
Royal mint whilst reputable are rarely the cheapest and are not known for good customer service unfortunately. I’d take a look at Atkinson’s, Bullion By Post, HGM or Baird and co, to name a few of the bigger online dealers.
There is no one best dealer to buy from as it depends on stock levels of what you’re buying, the dealers premiums which change frequently and the quantity you’re ordering.
Hope that helps 👍🏼
@Sovereign Saurus It does! Thank you very much!
It’s sad that every stacking channel do the same videos over and over again. I’ve been watching you for a long time and I have seen multiple video like this one. It’s repetitive. And the stacking community do the same.
I have a great idea of video. For exemple talk about the value of a gold sovereign back in Victorian era vs now. Or, the value of silver since ancient time. Or even the salary of a UK Capitain back in 1700. There is so many things to do. This would actually be interesting. Hope you take on my advice 👍
Thanks for taking the time to comment. Always good to hear some feedback. A lot of my videos I make to answer questions that get asked most of the time in the comments.
I’ve a list of videos that I want to make some requiring more research than others. Interestingly a few you mention such as salaries Vs gold and what a gold sovereign would buy over the past 200 years, gold Vs property etc are topics I’m in the process of putting together notes and data for however verifying such information is a challenge and has a lot of variances that I want to make sure are catered for.
Your suggestions are much appreciated 👌🏽
@Sovereign Saurus👍
Can’t go wrong with a sovereign 🙆♂️, but I must admit, the completer looks nice👌. J, Appreciate the great videos, thank you.
The Completer seems to be a favourite. Should have bought a few more spares it seems haha.
where did you get these coins? im from uk as well and never seen these
Various places. Mostly I stick to reputable dealers but sometimes pick up coins from 2nd hand market
Gold sovereigns are loved and treated well in America. They are semi numismatic pieces for the older coins.
Good to know. Sometimes out of area coins get traded at very good prices too and many people don’t realise or pay much attention. A bit like if there were some of the 2008 fractional buffalo coins in the UK a lot of people like the buffalo but wouldn’t realise what they’re worth
Just subbed
Much appreciated, plenty of gold shiny stuff to see and I should have some of the newly released coins arriving next week 👌🏽
If in doubt buy gold local to you, so eagles and buffalo if american, Britannia and sovereign if from uk, they are far more liquid and may have tax advantage too.
Good call
Was buying sovereigns 6 yrs ago sheild backs £225 ,this yrs coin show July 2023 never seen one for less than £475,most over £500 ,,sheild backs always go up 👆
If you see any nice shields for £225 this week buy them all
@Sovereign Saurus they will be dud ones ,,,off eBay ha ha ,,I have 3 short tails ones , nobody seems to know about those except in marsh book,,
I’m very lucky that one of the LCS’s go to is a numismatics shop, and the other one is an antiques shop. The numismatic store will pay market value of coins (at least spot + a little extra); and the antiques place will pay for precious metal content regardless of purity percentage. This isn’t professional advice, it’s just my opinion. Find good dealers to buy/sell/trade with. But that’s the US. Here, it’s really in the hands of the LCS.
Just starting out. How safe is it to buy gold coins from the online dealers such bullion by post as an example. Many thanks
Hello. About as safe as could be when shopping online with the top online dealers. The likes of second hand market places would be more risky especially for someone starting out who perhaps hasn’t handled a lot of known genuine coins to compare with. There are genuine sellers who sell peer to peer but I’d strongly suggest sticking with reputable dealers at least initially.
@Sovereign Saurus many thanks. Appreciated
I really want one of these coins
“The Queen’s Beasts” .
But I can’t find any from reputable dealer.
I found awaiting stock in Bullionbypost .
Let me ask what is the difference in grades such as
NGS MS69 and NGS MS70 ?
Also there’ is without a grade at all.
Can i have some clarification please ?
The Queen’s beast coins have sold out now so you would be relying on them coming in 2nd hand. They pop up from time to time but some of the more desirable ones like Dragon, Griffin and 1st Lion are less common.
In terms of the grading some say the difference between a 69 and 70 could be how the inspector felt on the day. I’ve seen some coins where a 69 looks perfect and others where the 70 seemed to be a bit marked.
If i buy less thank £5k gold in one year do i have to tell hmrc?
Or can i just store it without telling them and then i just pay tax when i sell it?
It’s a question to ask your accountant. I’d keep a record of your purchase and then when you sell it you’d work out any gains and taxes due. 👍🏼
Do people need to pay vat when you export too X country in Europe ? Ame how much gram can people buy without playing vat?
You would have to check on the specific countries and also the type of gold. 👍🏼