Gold Sovereigns

Hap

Hap

Well-known member
Any experience in buying these and where to buy them?

An elderly relative seems to think I know about this stuff. I really don’t… 🤣
 
I have bought a few at my local auction house they are usually below market value but be careful if you do purchase to remember the auction house will add commission,.

You can use websites like the saleroom.com to buy from many auction houses accross the UK and most will post but again check the shipping costs as many take the pi** on shipping charges.
 
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Redpete said:
I have bought a few at my local auction house they are usually below market value but be careful if you do purchase to remember the auction house will add commission,.

You can use websites like the saleroom.com to buy from many auction houses accross the UK and most will post but again check the shipping costs as many take the pi** on shipping charges.
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Ideally local enough (to Teesside) so he can go and bid or buy in person tbh
 
Thomas Watsons in Darlington is probably your closest auction house next sale is the 24th and they will have a catalogue on there website closer to the sale day.
 
Bullion by post, they’re in Birmingham, but you can go in, although the clue to normal trade is in the name. They basically buy and sell for the market gold value which is on the website. Currently 400 quid for a sovereign or 2 grand for a Britannia.
 
Most people invest in Gold by ETFs these days (paper gold). You get charged a tiny fee for the ETF to track the price of gold but you don't have to store the Gold yourself,
and when you buy Gold coins you are down around 5% straight away, as the sell price will be lower than the buy price and if you sell there will be the cost of postage with insurance.
 
Auctions are terrible value IF you don't get a good price.
You will Never get a good price for gold ( once the sellers and buyers premium is added)
You can join auctions on line ( I use david duggleby of scarborough/ york), but the You have another "on line" premium.
Precious stones are very dood value ( due to being easily man made now) and younger people are very impressed by the " romance" of older jewellery.
Gold is at a high now, I held some brittania until recently. Its ar a High but who's to say it won't rise?
Ingots or bullion is better value than coins ( cheaper to produce ) and available in small sizes. ( remember the 80's when every man and his dog had an ingot round his neck.)
The old guy might like
looking at what's available on davidduggleby site. Even Rydale auctions ( off the TV) in pickering have some nice things but gold from an auction is usually a poor buy.
 
Osboro said:
Auctions are terrible value IF you don't get a good price.
You will Never get a good price for gold ( once the sellers and buyers premium is added)
You can join auctions on line ( I use david duggleby of scarborough/ york), but the You have another "on line" premium.
Precious stones are very dood value ( due to being easily man made now) and younger people are very impressed by the " romance" of older jewellery.
Gold is at a high now, I held some brittania until recently. Its ar a High but who's to say it won't rise?
Ingots or bullion is better value than coins ( cheaper to produce ) and available in small sizes. ( remember the 80's when every man and his dog had an ingot round his neck.)
The old guy might like
looking at what's available on davidduggleby site. Even Rydale auctions ( off the TV) in pickering have some nice things but gold from an auction is usually a poor buy.
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Inexperienced investors tend to make the same mistake regardless of if it's Gold, Stocks or Crypto.
They only get interested in buying once the price has shot up.

Investing is just like going to the shops. If everything has gone up a massive amount you don't buy (or buy less).
When everything goes on sale you fill your boots (on good quality stuff).
 
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