As I have mentioned, I am currently learning how to set up my camera, so I can add some more pictures to this blog….however, USAgold has some wonderful photos, and I thought I would share a link to their gold coin images pages with you.

You can see them here.

Til next time,

Happy gold coin collecting,

Paul

www.BuyBullionCoins.com

It is easy to talk about the great gold coins, which none of us mortals will ever own…. But today, I would like to show you one, which I had the privilege of handling. It is an 1813 Pattern Proof Guinea, by Lewis Pingo.

You can see a picture of it here. Stunning I think you will agree. I was able to handle this coin some years back (yes, the actual one in the photos). The reason I know it is the coin in the picture, is that it has a small red spot on the bridge of King Georges nose. This is merely a local concentration of copper in the gold alloy. Today, the coin is slabbed but I can tell you that it is truly magnificent.

A handful of years back, this coin would have been within the range of a motivated collector on a working man’s salary. Today, well it has flown away.

When you read the auction description in the link above, you will notice that the coin sold for about 50% more than its guide price, which reflects the surge in interest in these magnificent, low volume coins.

As a collector or investor the question you need to ask yourself, is, “which will be the next area to take off?”

Personally, I see potential in Victoria shield half Sovereigns. You can still buy them today, for a small premium over normal bullion half sovereigns. Something tells me that in the current market that is a trend which will not last.

Til Next time,

Happy gold coin collecting,

Paul

www.BuyBullionCoins.com

I know I have said it before, but WE BUY GOLD COINS! (Yes, I am yelling!). The reason I mention (or I should say, yelling), this point is that we offer highly competitive prices and are always on the lookout for the unusual or quirky.

So, if you have any gold coins you wish to sell, just visit our gold coin buying page, where you will get the full instructions.

Til next time,

Happy gold coins selling!

Paul

www.BuyBullionCoins.com

Yesterday, I described one of the greatest gold coins in existence….but I failed to mention the price it raised at auction. Are you sat down ? No, really sat down!

It sold for $3,250,000.

Incredible. You can read the details here.

Til next time,

Happy gold coin collecting,

Paul

www.BuyBullionCoins.com

One of the special features of collecting gold coins is their sheer beauty. Most coins look good in gold, but some designs are on a different level. And because of the essentially indestructible nature of gold, we are lucky enough to have, still in existence, coins dating back thousands of years. As, a dealer once noted to me, “ put this coin in soil for two thousand years, and when someone digs it up, it will look the same as when it was buried”. Quite.

And because of this, we have some amazing ancient coins available. Last summer, the famous Prospero Collection was auctioned. Amongst the great rarities, was an incredible gold Stater.  I am going to quote from Baldwin’s auction catalogue…

“One of the most admired of all ancient Greek coins is included in The Prospero Collection. The breathtaking gold Stater from Pantikapaion, the importance of which cannot be overstated, bears a facing head of a satyr, bearded and with long dishevelled hair. The work of a master artist, it is without doubt the greatest ancient Greek gold coin and its appearance in the sale will be met with considerable enthusiasm by numismatists.

This coin is the coin featured on the auction catalogue cover……

Isn’t it the most incredible gold coin you have ever seen?

Til next time,

Happy gold coin collecting,

Paul

www.BuyBullionCoins.com

Yesterday I showed a link from the Treasury regarding the tax treatment of investment gold. One of the most interesting lines in that document , in response to the question “What is investment gold?”, one of the answers states:

“ is of a description of coin that is normally sold at a price that does not exceed 180% of the open market value of the gold contained in the coin;”

Now, that is interesting, as it reinforces something which I have been saying for a while. Some of the best value among gold bullion coins is to be found among the shield Sovereigns.  With these coins you have a floor set under the price by the gold bullion value, but you also have the upside of collector interest (ie collectors trying to achieve date runs).

Certainly, you can buy Victoria shield Sovereigns for about 10 to 15% above the price of a normal gold bullion sovereign. ……and looking at the tax treatment, you have the chance to make a LOT more money, before falling foul of having to hand over part of your success to the Government.

Shield Sovereigns are a sleeper product….you should think about buying some!

Til next time,

Happy gold coin collecting,

Paul

www.BuyBullionCoins.com

Yes, for buyers in the UK, the thorny issue of the taxes which apply, or don’t apply to your purchases and sales of gold coins, frequently rears its ugly head.

Now, I get a lot of questions dealing with this subject and I am certainly not any sort of expert. However, I would like to point you in the direction of the definitive guide to the tax treatment of all investment gold purchases.

From our dear friends at the Government!

You can find it Here

Til next time,

Happy gold coin buying,

Paul

www.BuyBullioncoins.com

Yesterday, I discussed the risk of buying a fake gold coin on ebay. Well , I have found this useful guide that can help you avoid the pitfalls.

Til next time,

Happy (and safe), gold coin collecting,

Paul

www.BuyBullionCoins.com

 

Everyone knows the old Roman Adage “Caveat Emptor”….let the buyer beware! Nowhere is this truer than on EBay.

I often look at the listings and am struck by the fact that a particular seller has offers which are “simply too good to be true”. Now, if this happened only a few times, you could understand it. It may be a case of a dealer or collector simply liquidating their stock for a myriad of personal reasons. But instead, some sellers, have a seemingly endless supply of  “scarce”, “rare” & “extremely rare” gold coins, at very low prices. How can a seller have such a supply is a question you REALLY NEED TO ASK YOURSELF!

I am often confronted with unhappy people who have purchased via eBay….

So a word to the wise. If something appears to be too good to be true…it usually is!

Til next time,

Happy gold coin collecting,

Paul

www.BuyBullionCoins.com

I appreciate that knocking the Royal Mint is becoming something of a sport for me……however, I cannot resist, when they do things which are simply outrageous.

The fact is that if you wish to make money via your gold coins, or even if you wish to acquire more of them, for your limited budget, you need to buy at sensible prices. Ideally when there has been a pullback in the price of gold.

How can the Royal Mint justify this?

450 Pounds for a Victoria Veil Head Sovereign. One of the most standard gold bullion coins in existence. Ok, so they put it in a small box…..but today, you can purchase this coin from other reputable dealers for 265 pounds. Then, buy yourself a “presentation case” (if you wish), for another 3 pounds.

Please, do yourself a favour. Avoid the Royal Mint; their prices are just too extravagant…

Til next time,

Happy gold coin collecting,

Paul

www.BuyBullionCoins.com

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