gold sovereign coins wanted (Manchester area)

TimeSaver230

Hi

I would like to buy a few gold sovereign coins to keep safe for a few years then resell them again. I was told not to buy online/ mail order because the postage/ shipping fees are to much. I was also told not to buy them from a !!!!!! broker or a jewelers as they charge to much commission fees

So can anyone recommend me somewhere that is safe and has low fees?

Thanks

Voyager2002

I think you need to do your own legwork. Compare prices in a physical shop with those charged by mail order dealers (including shipping fees) and draw your own conclusions.

Incidentally, gold is normally one of the worst ways to invest your money.

ColdIron

These are reputable dealers. Chards in Blackpool Liverpool are in your neck of the woods

No one works for free

https://www.chards.co.uk/
https://www.bairdmint.com/
https://atkinsonsbullion.com/
https://www.bullionbypost.co.uk/
https://www.hattongardenmetals.com/

tebbins

Who has told you this?
Why gold?
Why only for a few years?
A physical gold ETF may be a very cheap way to go about it.

barnstar2077

Why not invest in a globally diverse fund, like the ones offered by HSBC or Vanguard?  Use a Stocks and Shares ISA and you will be doing even better.

Albermarle

ColdIron said:

These are reputable dealers. Chards in Liverpool are in your neck of the woods

No one works for free

https://www.chards.co.uk/
https://www.bairdmint.com/
https://atkinsonsbullion.com/
https://www.bullionbypost.co.uk/
https://www.hattongardenmetals.com/

Chards are also in Blackpool ( original office ) which is also relatively convenient.

ColdIron

Oops, read Blackpool, wrote Liverpool

qwert_yuiop

TimeSaver230 said:

 I was also told not to buy them from a !!!!!! broker or a jewelers 

What went wrong here? Did you misspell pawnbroker?

Id recommend BullionVault. I’ve done pretty well out of them, and I’ve never held any gold at home.

TimeSaver230

Thanks for those link Cold Iron!
Checked the first one out in Blackpool called Chards

There coins are all out of stock but they do have a few secondary market one
Presume they mean they are second hand

They also do “grade C sovereign coins” and they state “We do not recommend these coins as an investment item as they have defects like deep scratches, mount marks, polishing marks or red spots” they also state “Grade C sovereigns are not good enough for us to sell as our usual secondary market bullion sovereigns but they are too good to scrap”

So I presume that you are not just paying for the coin you are paying for its heritage as if you bough  stamps or whisky and left them for a long time. I wonder if the price would go up much for say 2-3 years though! Though it might be work my while just buying scrap gold so if anyone knows where to buy it I would like to know?

TimeSaver230

tebbins said:

Who has told you this?
Why gold?
Why only for a few years?
A physical gold ETF may be a very cheap way to go about it.

I do not remember who told me but it would appear that all of the above deals offer postage.

Why gold and only a few years well I guess I only want them to sit in a dark room with them and drip candel wax on them to weather out the storm but an ETF! What do you think the advantage would be hear? Do you think the rates of having such a fund would be less then the commission fees for buying and selling such coins if only a few years? Can you recommend any EFTs please?

TimeSaver230

barnstar2077 said:

Why not invest in a globally diverse fund, like the ones offered by HSBC or Vanguard?  Use a Stocks and Shares ISA and you will be doing even better.

I do not know what a globally diverse fund, is! But an ISA; is that not a Individual Savings Accounts?