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Thread: sovereigns

  1. #2951
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    Quote Originally Posted by golditiki2 View Post
    abakan must be british, such stuff does not linger around with such nonchalance elsewhere. British pensioneers probably selling their goldstash little by little due to severe inflation. The actual GBP is only an anemic misery of the glorious pound sterling ... and people have to eat and pay taxes and electricity and transport and, and if the income value of yr pension cannot cover anymore expenses, people have to sell something. Golditiki2+++
    Yes Goldi, no truer words than those. We got hit by inflation and it is still excessive up here. I just got walloped by a hefty government property tax increase. They are just as guilty of causing inflation as any large greedy corporation.

    Not sure if Abakan is British or American, I would be doing the same thing if I found a honey hole like he has discovered. Like the old quote, "never share your goldmine" or you'll come to regret it.
    ...be your own Health Care System... grow your own and eat well

  2. #2952

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    "abakan must be British"

    I suspect so. Likely lives near a large city not named London, where citizens being crushed by the cost of power policies and food. Sad situation.

    Back where I am, in Tejas, sovs are getting much less numerous. Two years ago my LCS had sovs roll in once or twice a week in bunches of 5 to 10 or so. Enough choice was available was able to buy specific years & mints to fill in gaps in the stack.
    Never were many YH shields, but other game was usual to bag. But, no more.
    Lucky now if 10 sovs a month step in and 2 weeks ago bought a couple to fill those gaps.
    Less fortunate, the markup had risen, from the years long $10 per coin to now 5%.
    Steep indeed, but paid up for what I wanted.

    Will pay that again if a C3 ever rolls in.
    Wish me luck.

  3. #2953

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    British? American? Maybe, maybe not.

    Just got Charles III No. 4. This time the proof Coronation one with a relatively low serial number. More than I hoped it would cost, but I bet in 10-15 years it will look like a great deal.

  4. #2954

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    Nothing "new" here.

    LCS had like 13 Sovs to chose from. Mostly Elizabeths sadly.

    But I was able to snatch three sovs none the less. And even for spot.

    1896M
    1911L
    1912L

    I already have all 3 in my stash, but they are in such a great shape I even might send them to PCGS/NGC to have them graded ( the 1896M anyway, the others are too common )

  5. #2955

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    Looks like the 2023 proof coronation sovereign is not such a great success. Just received my second one and guess what? It has a MUCH lower serial number than the first one.

    Hopefully the royal mint has not destroyed the collectors marked with all the different issues and privies.
    Waiting for the bullion version to hit the market.

  6. #2956
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    A little historic background on Sovereigns.

    The story of the British Sovereign

    https://www.youtube.com/watch?v=BluFt3_P-Vo
    ...be your own Health Care System... grow your own and eat well

  7. #2957
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    The last couple of years there has been several sovereigns released. I spent a couple of hours on you tube and ebay trying to track down and price these gems. Hardly any of the 2022 and 2023's available in Canada. Dealers and sellers in Britain want anywhere from $60.00 to over $100.00 for shipping. Crikey.

    I did notice the rise in offerings of the lowly 1/2 sov. Not so lowly in status any longer. The 1/4er sov. has taken over that position. I'm guessing that a lot of people can't afford or simply won't pay the $800.00+ (in Canadian dollars) for a full sov. as that is the going price now, so are simply buying the 1/2 sov.
    ...be your own Health Care System... grow your own and eat well

  8. #2958

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    diggy, i agree, quarter and half sovs are owadays certainly more liquid than full sovs nowadays, but their premiums are higher..

    Goiod grief the candol is really monopoly money anymore , here if you buy from a renown LCS the price is is 515.44 euro and sell 447.89 v for a Vic jub. old head, Ed VII and G V, but the EL II uncrowned heads are doing better, resp. 523.87 and 447.44 euro.

    Premiums are quite big 67.55 and 76.47

    I do not understand why they give 42 cent more for a the other than EL II if ye sell, but the ways of the Lord are unfathomable

    Golditiki2+++

  9. #2959
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    Quote Originally Posted by golditiki2 View Post
    diggy, i agree, quarter and half sovs are owadays certainly more liquid than full sovs nowadays, but their premiums are higher..

    Goiod grief the candol is really monopoly money anymore , here if you buy from a renown LCS the price is is 515.44 euro and sell 447.89 v for a Vic jub. old head, Ed VII and G V, but the EL II uncrowned heads are doing better, resp. 523.87 and 447.44 euro.

    Premiums are quite big 67.55 and 76.47

    I do not understand why they give 42 cent more for a the other than EL II if ye sell, but the ways of the Lord are unfathomable

    Golditiki2+++
    Yes, the Canadian dollar is in the toilet, yet it is slightly better than the Australian dollar. Lately as within the last week it has gained a little over 1%. If a guy is a long term holder, the rise of our dollar lowers the cost of gold in our funds. As with every country in the western hemisphere, they over spend and the debt grows. All governments need to cut spending, print less dollars.

    I'm surprised that there is no real Sovereign dealer or store in Canada. We get dribs and drabs showing up on ebay but no local Canadian source for where a collector/stacker can go, browse and see the old as well as the new releases. Perhaps being taxable has something to do with the lack of choices? Not sure the reason why. Maybe a combination of the high gold valued in the Canadian dollar + taxes on high price gold less than .995 pure? If the Canadian dollar rises, then the price of gold drops in our currency.
    ...be your own Health Care System... grow your own and eat well

  10. #2960

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    Quote Originally Posted by digbird View Post
    Yes, the Canadian dollar is in the toilet, yet it is slightly better than the Australian dollar. Lately as within the last week it has gained a little over 1%. If a guy is a long term holder, the rise of our dollar lowers the cost of gold in our funds. As with every country in the western hemisphere, they over spend and the debt grows. All governments need to cut spending, print less dollars.

    I'm surprised that there is no real Sovereign dealer or store in Canada. We get dribs and drabs showing up on ebay but no local Canadian source for where a collector/stacker can go, browse and see the old as well as the new releases. Perhaps being taxable has something to do with the lack of choices? Not sure the reason why. Maybe a combination of the high gold valued in the Canadian dollar + taxes on high price gold less than .995 pure? If the Canadian dollar rises, then the price of gold drops in our currency.
    you gave some good reasons. I think another reason is not many sovereigns carried over from european immigrants. Immigrants tend to liquate their assets before emigrate. Similar question could be ask on american pre-33, canada is even closer to US than UK but i don't see much pre33 gold up here neither.

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