Buying gold Britannia coins

Alexland

ColdIron wrote: »

They are currently offering free commemorative coins on daytime TV (postage £2.99). As DiggerUK says - tat

If you buy online it's only £2.50 postage - surely this is a generous 'gift to the nation'? They are even quoting the Queen to suggest some hint of approval.

http://www.freeweddingcoin.co.uk/

To anyone reading this I have no idea if the above website is a scam, etc it just came up on Google search so please don't consider this a recommendation to buy. If you really want the free coin please do your own research first and expect them to hound you to buy more until your property sinks into the ground under the collective weight of brilliant uncirculated quality coins.

Still it might be useful to give a burglar something to steal first. Shame it's not much bigger as you would be disturbed by the noise of the them dragging it out the house.

surreysaver

steampowered wrote: »

Please assume that the coin will have no future value. It should be seen as a nice novelty only.

It is absolutely NOT an investment.

Have a read of https://forums.moneysavingexpert.com/discussion/5557600

This was a thread by someone who inherited a collection of coins from the Royal Mint from their uncle. The uncle spent several thousand over the years, but the coins only turned out to be worth a couple of hundred quid.

A Britannia is a gold bullion coin, so will always be worth its weight in gold.

markj113

People here are obviously not speaking from experience but rather regurgitating what they have read.

There is a big difference between Royal Mint bullion coins that are available close to spot and the "collector" coins they release at a huge premium.

I would recommend buying the Britannia from somewhere like Hatton Garden metals which will be slightly cheaper:
http://www.hattongardenmetals.com/buy/

Another option would be a Royal Mint "Queens Beast" series coin that are available as bullion and may appreciate slightly faster in value over a regular Britannia:

Dragon:
https://atkinsonsbullion.com/mix-match/mix-match-gold/2017-uk-queen-s-beasts-the-dragon-1oz-gold-coin

Griffin:
https://atkinsonsbullion.com/gold/gold-coins/1oz-gold-coins/pre-owned-2017-uk-queen-s-beasts-the-griffin-1oz-g

Unicorn:
https://atkinsonsbullion.com/gold/gold-coins/1oz-gold-coins/2018-uk-queen-s-beasts-the-unicorn-1oz-gold-coin

ColdIron

Alexland wrote: »

If you buy online it's only £2.50 postage - surely this is a generous 'gift to the nation'? They are even quoting the Queen to suggest some hint of approval.

You have the advantage on me, I don't watch the ads closely and they could be even better value than I imagined . Aren't they the ones that preface their spiel with - This Is An Important Announcement

Alexland

markj113 wrote: »

I would recommend buying the Britannia from somewhere like Hatton Garden metals which will be slightly cheaper:
http://www.hattongardenmetals.com/buy/

Yes one of our slightly more expensive coins was from Hatton Garden and they seem well regarded as providing a more realistic price for gold coins.

dividendhero

I would class the coin as insurance rather than an investment.

Gold has served as a store of wealth for thousands of years and most nations still own tonnes of the stuff (eg Germany, China and USA), so no reason why people shouldn't own an ounce or two personally.

As to where to buy it - I've heard good reports of https://www.bullionbypost.co.uk

One thing about coins over bullion - it's near to impossible to fake coins, but there are reports of gold bars being drilled and salted with less expensive metals

Alexland

ColdIron wrote: »

You have the advantage on me, I don't watch the ads closely and they could be even better value than I imagined . Aren't they the ones that preface their spiel with - This Is An Important Announcement

Maybe but I don't watch commercial daytime TV - mostly Numtums (animals with numbers on their tummy) on Cbeebes these days. The catchy tunes never leave my mind.

A_T

If world stocks plummet physical gold will undoubtedly rise in value. And when the zombie apocalypse happens a gold coin might be useful whereas shares won't.

LeadFarmer

Maybe I should have been clearer in my original post, but Im not talking about the fancy coins that the Mint produce every year, I'm talking about buying gold in the form of a Britannia coin.

https://www.bullionbypost.co.uk sell them or around £980. I expect the coins value will directly track the price of gold.

The novelty factor would be buying one stamped with his year of his birth, but it would be seen as a piece of gold to be sold when the price is right.

surreysaver wrote: »

A Britannia is a gold bullion coin, so will always be worth its weight in gold.

ColdIron

dividendhero wrote: »

Gold has served as a store of wealth for thousands of years and most nations still own tonnes of the stuff (eg Germany, China and USA), so no reason why people shouldn't own an ounce or two personally.

Venezuela has been busy repatriating several hundred tons of its gold, I doubt there aren't a more than a few Venezuelans who wish they had traded some of their Bolivars for a few ounces, as did the Argentinians before them