Blobsy Posted September 1, 2022 Share Posted September 1, 2022 3 minutes ago, warpig said: If GBP rallies... the price in GBP could really plummet quickly. Then buy with 🤲 Quote Link to comment Share on other sites More sharing options...
warpig Posted September 1, 2022 Share Posted September 1, 2022 Interesting intraday movements... Quote Link to comment Share on other sites More sharing options...
warpig Posted September 2, 2022 Share Posted September 2, 2022 Has anyone sold any gold privately? If you go to a bullion dealer, of course it's easy to sell a Britannia, but they only pay 99.95% of the spot price, which of course is significantly under the cost of a Britannia to a new customer. Just curious if anyone's aware of any options out there... EBay I guess is one, but the final valuation fees, might mean it's not worth it. Any ideas? Quote Link to comment Share on other sites More sharing options...
warpig Posted September 2, 2022 Share Posted September 2, 2022 (edited) I found an EBay calculator... I can sell to a bullion dealer for £1,474 (99.95% of £1,481) or via EBay for £1,393 (£1,600 - £207). The coin currently retails for about £1,600... What a rip off EBay is... Edited September 2, 2022 by warpig Quote Link to comment Share on other sites More sharing options...
Blobsy Posted September 2, 2022 Share Posted September 2, 2022 3 minutes ago, warpig said: I found an EBay calculator... I can sell to a bullion dealer for £1,474 (99.95% of £1,481) or via EBay for £1,393. The coin currently retails for about £1,600... What a rip off EBay is... They do have £1 max selling fee offers from time to time but I just wouldn’t trust a private sale this way. ‘Package received but seller sent me an empty box!’ Quote Link to comment Share on other sites More sharing options...
warpig Posted September 2, 2022 Share Posted September 2, 2022 Good end to the week... considering. Quote Link to comment Share on other sites More sharing options...
warpig Posted September 2, 2022 Share Posted September 2, 2022 2 minutes ago, Blobsy said: They do have £1 max selling fee offers from time to time but I just wouldn’t trust a private sale this way. ‘Package received but seller sent me an empty box!’ It's not the listing fees, it's the final valuation fees that are the killer. Quote Link to comment Share on other sites More sharing options...
Blobsy Posted September 2, 2022 Share Posted September 2, 2022 40 minutes ago, warpig said: It's not the listing fees, it's the final valuation fees that are the killer. Ah yes, of course. I always figured when it came time for me to sell I would just go to HGMetals or Coininvest and take the hit. I remember a while back there was a UK silver forum where members bought and sold between each other, they might have a gold sub section (if still about). Quote Link to comment Share on other sites More sharing options...
warpig Posted September 2, 2022 Share Posted September 2, 2022 Yeah I'd think there must be a community where established member's reputation is built on trust... Just galls me selling at spot! Quote Link to comment Share on other sites More sharing options...
Gbob Posted September 2, 2022 Share Posted September 2, 2022 (edited) 1 hour ago, warpig said: Yeah I'd think there must be a community where established member's reputation is built on trust... Just galls me selling at spot! There is a reddit group but it is pretty much all North American folk. We need something like that for UK. You could try a local auction house but they usually take around 15% so likely worse than ebay. Unless they do a sliding scale where the percentage is less the higher you go. I'm sure ebay used to do that actually, some time ago. Don't think I would want to risk selling online to the general public for anything more valuable than a Sovereign anyway. Edited September 2, 2022 by Glenn Quote Link to comment Share on other sites More sharing options...
bodgittandscarper Posted September 2, 2022 Share Posted September 2, 2022 1 hour ago, warpig said: Yeah I'd think there must be a community where established member's reputation is built on trust... Just galls me selling at spot! Are you looking to sell some coins now?? Quote Link to comment Share on other sites More sharing options...
longgone Posted September 2, 2022 Share Posted September 2, 2022 7 hours ago, warpig said: It's not the listing fees, it's the final valuation fees that are the killer. The offer is usually £1 FVF or 80% discount on the usual 10% FVF so 2% on average. £370 sovereign sold about £8 in fees. Quote Link to comment Share on other sites More sharing options...
headmelter Posted September 3, 2022 Share Posted September 3, 2022 On 02/09/2022 at 16:27, warpig said: Has anyone sold any gold privately? If you go to a bullion dealer, of course it's easy to sell a Britannia, but they only pay 99.95% of the spot price, which of course is significantly under the cost of a Britannia to a new customer. Just curious if anyone's aware of any options out there... EBay I guess is one, but the final valuation fees, might mean it's not worth it. Any ideas? Azogar might have a few ideas although he deals predominantly in physical silver... Quote Link to comment Share on other sites More sharing options...
warpig Posted September 8, 2022 Share Posted September 8, 2022 On 02/09/2022 at 18:56, Glenn said: There is a reddit group but it is pretty much all North American folk. We need something like that for UK. You could try a local auction house but they usually take around 15% so likely worse than ebay. Unless they do a sliding scale where the percentage is less the higher you go. I'm sure ebay used to do that actually, some time ago. Don't think I would want to risk selling online to the general public for anything more valuable than a Sovereign anyway. Yeah I think I'd have to know the person before I was happy to do a private sale... failing that a dealer I guess. Quote Link to comment Share on other sites More sharing options...
warpig Posted September 8, 2022 Share Posted September 8, 2022 On 02/09/2022 at 19:31, bodgittandscarper said: Are you looking to sell some coins now?? Probably all of them... Terrible timing considering everything looks like it's about to kick off finally and I expect the price to double from here over the next 18 months or so... but I've done pretty well, I'm getting old and I can't put my life on hold forever... basically a house came up that I couldn't say no to. I'm kinda hoping gold rockets before I need to liquidate towards the end of the year... if it dips down, then I'm locked into my investments for longer and I'll pass on the house. My fate is in the hands of the gods! Quote Link to comment Share on other sites More sharing options...
warpig Posted September 8, 2022 Share Posted September 8, 2022 On 03/09/2022 at 00:49, longgone said: The offer is usually £1 FVF or 80% discount on the usual 10% FVF so 2% on average. £370 sovereign sold about £8 in fees. Oooo now that's got my attention. Fees on a Britannia would be about £30... Thanks! Quote Link to comment Share on other sites More sharing options...
warpig Posted September 8, 2022 Share Posted September 8, 2022 On 04/09/2022 at 00:47, headmelter said: Azogar might have a few ideas although he deals predominantly in physical silver... Thanks! I'll have a chat... 👍 Quote Link to comment Share on other sites More sharing options...
Gbob Posted September 9, 2022 Share Posted September 9, 2022 (edited) 7 hours ago, warpig said: Probably all of them... Terrible timing considering everything looks like it's about to kick off finally and I expect the price to double from here over the next 18 months or so... but I've done pretty well, I'm getting old and I can't put my life on hold forever... basically a house came up that I couldn't say no to. I'm kinda hoping gold rockets before I need to liquidate towards the end of the year... if it dips down, then I'm locked into my investments for longer and I'll pass on the house. My fate is in the hands of the gods! Good luck with that. (edited to say that was a genuine expression of good luck, not meant sarcastically. Its hard to tell with just the written word online isn't it) Edited September 9, 2022 by Glenn Quote Link to comment Share on other sites More sharing options...
longgone Posted September 9, 2022 Share Posted September 9, 2022 9 hours ago, warpig said: Oooo now that's got my attention. Fees on a Britannia would be about £30... Thanks! https://www.hotukdeals.com/deals/get-80-off-final-value-fees-for-up-to-100-listings-excludes-30p-order-level-fees-selected-accounts-at-ebay-3992094 There is a table on there in regard to fees somewhere. Quote Link to comment Share on other sites More sharing options...
warpig Posted September 9, 2022 Share Posted September 9, 2022 2 hours ago, Glenn said: Good luck with that. (edited to say that was a genuine expression of good luck, not meant sarcastically. Its hard to tell with just the written word online isn't it) Thanks! Quote Link to comment Share on other sites More sharing options...
warpig Posted September 9, 2022 Share Posted September 9, 2022 10 minutes ago, longgone said: https://www.hotukdeals.com/deals/get-80-off-final-value-fees-for-up-to-100-listings-excludes-30p-order-level-fees-selected-accounts-at-ebay-3992094 There is a table on there in regard to fees somewhere. Thanks! Quote Link to comment Share on other sites More sharing options...
warpig Posted September 16, 2022 Share Posted September 16, 2022 I've had a very interesting response from my mortgage lender tonight, they've advised that if my house deposit came from the sale of gold, they won't accept it and won't provide me with a mortgage. Incidentally I can evidence where the money came from to buy the gold, but they're still not interested. They said that if my deposit came from Crypto currencies, they wouldn't accept that either. Seems we've been vilified and branded criminals. Quote Link to comment Share on other sites More sharing options...
Arpeggio Posted September 16, 2022 Share Posted September 16, 2022 3 hours ago, warpig said: I've had a very interesting response from my mortgage lender tonight, they've advised that if my house deposit came from the sale of gold, they won't accept it and won't provide me with a mortgage. Incidentally I can evidence where the money came from to buy the gold, but they're still not interested. They said that if my deposit came from Crypto currencies, they wouldn't accept that either. Seems we've been vilified and branded criminals. What about gold as the deposit? Quote Link to comment Share on other sites More sharing options...
TopBanana101 Posted September 17, 2022 Share Posted September 17, 2022 16 hours ago, warpig said: I've had a very interesting response from my mortgage lender tonight, they've advised that if my house deposit came from the sale of gold, they won't accept it and won't provide me with a mortgage. Incidentally I can evidence where the money came from to buy the gold, but they're still not interested. They said that if my deposit came from Crypto currencies, they wouldn't accept that either. Seems we've been vilified and branded criminals. I've had the same, I was told speculative investments were viewed in almost the same light as gambling. Quite where they draw the line between investment and speculation seems a dark art! Quote Link to comment Share on other sites More sharing options...
warpig Posted September 17, 2022 Share Posted September 17, 2022 15 hours ago, Arpeggio said: What about gold as the deposit? They won't accept it, seemingly in any form even if it's in British legal tender. Quote Link to comment Share on other sites More sharing options...
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