Gold coins Harrington and Byrne. help! 13 December 2020 at 4:37PM in Savings & investments 47 replies 9.7K views

ceewash

Need some urgent advice. My dad is 90. He has bought a gold coin from Harrington and Byrne. He thinks it's worth £600 but it is for sale on their website for £39. He has signed up to and paid on his Barclaycard 4 or 5 monthly payments of £139.80. starting in February. Help! Is it a scam or has he just signed up to something he didn't understand. I have emailed H&B obv no reply yet. Anyone deal with this company before?

blue_max_3

There are all the contact details on the site including a phone number. It certainly appears legit. I have no experience of them though.
I doubt a gold coin would be worth £39. Are you sure it's the same thing? 

ColdIron

Name the coin otherwise it's guesswork

ceewash

It's a George and Dragon sovereign 2020

DiddyDavies

blue_max_3 said:

There are all the contact details on the site including a phone number. It certainly appears legit. I have no experience of them though.
I doubt a gold coin would be worth £39. Are you sure it's the same thing? 

There's this one:
2020 St George & the Dragon Gold Coin (harringtonandbyrne.co.uk)
for £39 but at 0.5g, I think calling it a coin is pushing it a bit as if you sneeze when holding it, it will probably vanish for good.

ceewash

That's the one he's got.

tacpot12

There are no coins costing £39 on the Harrington and Byrne website; there is nothing costing less than £699.
And £139.20 * 5 = £699, so I think it likely he has bought a 2018 Australia Coronation Jubilee Quarter Ounce Gold Proof Coin. He has paid about double what the gold is worth.

I doubt it is a scam. Why would you scam people out of money when you can sell a real coin for twice what it is worth?
Also the website looks correct in that it has all the legally prescribed information on it. The company is registered and has been trading for six years. The T&Cs allow him to return it for a full refund within 30 days. 

Aretnap

DiddyDavies said:

blue_max_3 said:

There are all the contact details on the site including a phone number. It certainly appears legit. I have no experience of them though.
I doubt a gold coin would be worth £39. Are you sure it's the same thing? 

There's this one:
2020 St George & the Dragon Gold Coin (harringtonandbyrne.co.uk)
for £39 but at 0.5g, I think calling it a coin is pushing it a bit as if you sneeze when holding it, it will probably vanish for good.

And at 0.5g, the actual value of the gold content is approx £22. 

Hasbeen

ceewash said:

It's a George and Dragon sovereign 2020

Five pound Gold Coin or Sovereign?? Look close.

2020 St George & the Dragon Gold Coin (harringtonandbyrne.co.uk)

2020 United Kingdom Gold Uncirculated Sovereign (harringtonandbyrne.co.uk)

2020 St George and the Dragon Gold Proof Full Sovereign Coin Box Coa (thelondoncoincompany.com)

ColdIron

Most sovereigns feature George and a Dragon, but H&B are offering uncirculated 2020 sovs for £339 which is bang on at current rates. Obviously no one will sell you one of these for £39 so there is some confusion somewhere, perhaps you are looking at a 'quarter sovereign' commemorative, plated coin. Given they style themselves as 'Philatelic Experts' and not bullion sellers it's entirely possible that it is a proof coin. £600 is within the range for one of these, Chards are offering them on promotion for £540. So I think your starting point should be to identify precisely what it is that your Dad has purchased

ceewash

https://imageshack.com/i/pocjyqCuj
https://imageshack.com/i/pmiTzU30j
It does say 24 carat gold