Buying Gold - for savings

DUBVENDOR

Half  ,Qtr and Full 

https://www.hattongardenmetals.com/gold-sovereigns

TBC15

DUBVENDOR said:

Half  ,Qtr and Full 

https://www.hattongardenmetals.com/gold-sovereigns

Buy/sell spread hard to stomach.

Sov 6.71%

Half Sov 9.04%

I’m out.

gravel_2

Sea_Shell said:

Do all gold Sovereigns weigh the same ( 7.98 g )

If so, is there also an element of "collectibilty" about them, as the prices seem to vary quite widely?

Yes. All are made to the same spec: https://www.legislation.gov.uk/ukpga/1971/24/schedule/1. Older coins may weight less if circulated and roughed up.

Collectability is an impossible area to summarise. It depends on rarity, year, finish, where it was minted, the finish quality, whether it's graded.

Dan83

Is it worth buying new or pre-owned coins?

is the price of a coin based on weight or based on what kind of coin it is (assuming 1oz of gold is worth the same no matter what kind of coin it’s moulded into)?

gravel_2

Dan83 said:

Is it worth buying new or pre-owned coins?

is the price of a coin based on weight or based on what kind of coin it is (assuming 1oz of gold is worth the same no matter what kind of coin it’s moulded into)?

Spend some time looking at online coin shops and you'll quickly grow your understanding here. Chards is good for being clear on what the premiums are on their coins.

Blackout05

gravel_2 said:

Dan83 said:

Is it worth buying new or pre-owned coins?

is the price of a coin based on weight or based on what kind of coin it is (assuming 1oz of gold is worth the same no matter what kind of coin it’s moulded into)?

Spend some time looking at online coin shops and you'll quickly grow your understanding here. Chards is good for being clear on what the premiums are on their coins.

Yes its handy to see the premiums, other sites don't seem to have this readily available to see. 

I am wanting to buy 1oz to start of the new Brittania coin, though this thread has somewhat put me off! 

Is it really a bad investment if you are just wanting something to hold its value over time as oppose to cash? Are they difficult to sell?