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BEWARE of These COMMON Pitfalls when Buying GOLD!

Backyard Bullion 49 views

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The designer lady claims the dragon coin is issued by the 'London Mint' There seems to be a difference to the 'Royal Mint' A little bit misleading probably?
Comment from : @ThomasUltra-yp2mq

Van Cleef & Arpels brbrJewellery is never an investment, considering the high arbitrage It is something a gentleman invests to gain the attention of a pretty lady
Comment from : @ThomasUltra-yp2mq

7:44 it's always a question "why you buy it?" if you are a numismatist, having a 'proof' stamped coins in mint condition is 'the holy grail' The problem with this is -the real 'proof' coins are rare - what are they? Before a coin gets produced in mass, a small batch is well coined :) (English is so daft, sometimes) to confirm the design, to make sure the dies are prepared correctly etc There are coins that had just a handful of 'proofs' minted and are highly collectable and stupidly expensive compared to the mass-produced final coins But when I see 'proof' coins on sale on Bullion by Post, I have a nagging feeling that those 'proof' coins are anything but
Comment from : @ytfeelslikenorthkorea

I personally would stick to the maples, Eagles and Brittania FROM REPUTABLE dealers only Pay a bit more and be safe in that knowledge I saw something fake a couple of years ago, would not have bought it as it wasnt what I wanted but just about fell over finding out it was a brass hunk of metal
Comment from : @art40odd

Would i buy gold yes would i buy gold from someone without checking is it real lol no brWhy would you buy gold from someone on Internet before checking is it real ? I do not get it lol
Comment from : @DejanLazarevic-y2c

So which coins would be a good store of wealth and would sovereign rings be of future value
Comment from : @stuartwood6366

I prefer Britannias for the true yellow gold colour The modern Soveriegns appear more coppery in colour
Comment from : @kenneths1585

How much bullion are you allowed to purchase in a single transaction in the UK? Is the purchase registered and is HMRC notified about it?
Comment from : @CarltonCasey

Buy cheap hold for the long run, i started buying 12 months ago, bars all sizes from 5 to 100 gram increased in value now up 75 k and the run up isnt over , yes ive been lucky came in at the right time but the idea is long term not a quick swap But for collectables thats up to the individual but be prepared that in today's environment its just a coin and dealers will be looking at the weight
Comment from : @christiliy9775

Im starting with mixed date sovereigns from either ATS or Hatfield next month Thank you for being so informative, your videos have been a big help 👌
Comment from : @alexwotherspoon5630

What about if the sovereign is from a commonwealth mint? Such as the Perth mint in Australia?
Comment from : @vanesa6589

what companies would you recommend to buy from
Comment from : @ppot2626

I like 1/2 sovereigns, they're priced conveniently for me i saw an ebay seller supposedly from Israel selling a 1/2 at a really good price there's a lot of shit going on over there, i figured maybe he's just trying to liquidate nope The tracking info showed it was coming from china, i knew it had to be fake, when i got the thing, it was definitely not gold too light for its size, the weight was right, about 39g but the diameter was way off i told ebay i'd gotten a counterfeit and they instantly refunded mebrbrNow i have a shiny coin for scratching scratch ticketsbrbrQueen's beasts? Shouldn't there be Corgis?
Comment from : @inerlogic

04:08 💰 Assay card bars are notorious for fakes due to their potential high reward for counterfeiters, making them risky purchasesbr05:31 💼 Sovereigns from third-party mints lack collectibility and may be misleadingly marketed, so it's essential to stick with Royal Mint Sovereigns for better liquidity and valuebr07:48 🏛 Graded coins can offer presentation and preservation benefits but may not always fetch high premiums, so consider your goals before investing in them
Comment from : @dameanvil

hey i'm in the club 👍
Comment from : @pythonhighadder7982

Was it started being called Sovereign after Queen Elizabeth II?
Comment from : @ladypyro7987

with graded coins, unfortunately, MS69 equals trash Only MS70 seems to be valued with bullion I've been burned before over that
Comment from : @DanielCarlisle-i1o

The irony of keeping gold in a cardboard box lol i love it! 😂
Comment from : @edwardbrock3807

Interesting I just a beginner, but cannot quite understand are you buying Gold , as an investment, or a coin with some gold in to be sold as a coin
Comment from : @davids8449

Stopped buying at the moment so keeping powder dry to see what happens so premium bonds for me
Comment from : @ianbird7444

bWHAT WEIGHT WERE THOSE LOOSE COINS IN YOUR LEFT HAND AT THE /bb5:00/bb MARK?/b brbrI HAVE BEEN LOOKING FOR THE BEST OPTION IN FRACTIONAL GOLD AND HAVE BEEN BUILDING MY COLLECTION (IF NOT W 25 & 10g BARS) I’VE BEEN GETTING 1/10oz & 1g COINS*
Comment from : @seanye3559

For me, with capital gain tax on gains over £3000 in the uk, i have zero interest in gold that is not cgt exempt So not interested in bars, foreign coins or those 3rd party coins calling themselves sovereigns Im only interested in proper royal mint sovereigns which actually are cgt exempt And RMAP in my ISA
Comment from : @echoecho5244

Any advise please on company "Buy-Bullion" Solomon Global? Selling 1oz gold coins in "slab" MS68, MS69 etc?
Comment from : @justsayin4017

Although ignorant to buying gold and have been "duped" into purchasing "limited edition collectables," the company concerned insisted that they will probably be the potential buy back in the future Thank goodness I stopped buying graded coins after 10, another "if only" moment Doh!🙃☹
Comment from : @justsayin4017

Thanks to this video Im reconsidering even touching gold Sounds like a huge headache and fraud and opportunist at every turn I guess its too much to get exactly what something is worth lol
Comment from : @charlottesmoviephile8924

Ive seen sovereigns being sold as restrikes, these seem to be much cheaper, i understand the concept that they have used the old original dies and punched more recent coins but would they be using the same type of gold etc 22ct
Comment from : @stephenparker5241

I’ve found through experience that a mix of different types of gold is much harder to liquidate at time vs having several of the same type to sale at once IE it’s easier to sale 10 eagles at once vs 1 of this and 3 of that and 2 of this etc!!!
Comment from : @craigjones3988

Seriouslygraded bullion?
Comment from : @dkpqzm

So would pre owned Sovereigns be better to sell on at a later date?
Comment from : @mgtowchampion7961

Great advice
Comment from : @maximusmeridius1240

I like pre 33 US coins but that’s it I won’t buy anything that isn’t 9999 and isn’t a maple/ buffalo as we pay taxes on anything that’s not 9999
Comment from : @cherokeefit4248

We had an elderly relative that was getting bombarded by mail selling these , and they were being frequently called up by his ‘personal’ agent who would during LONG phone calls persuade them to make ‘investments’ that could be passed down to the family brbrTruth is, that is they had left the money in the bank , the family would have been much better off brThey were scammed out of thousands brbrWatch out for these scum
Comment from : @A2Z1Two3

are you not worried that sovereigns are easily faked? I find its easy to be stung I prefer 1/4 brits or QB
Comment from : @webster951

Hi Could anyone help?brI've just purchased some gold coins from bullion by post The buffalo ounce coins have defect around outer edge? I can't remember what the grooves around edge are called but they defects?brIs this OK?brThank!
Comment from : @makkahaka445

Britannia’s all the way 😊
Comment from : @fontane007

Have only recently purchased gold; lesson learnt, purchase bullion grade ingots rather than coins, better resale value; now, l am no financial advisorl was going to purchase more gold but; after due diligence; i am seriously considering investing in Norwegian Krona's; closest currency backed by resources that the good old USA will not attempt to take downMust have some powerful backers involved l suspect
Comment from : @darylroughley4846

Slabbed coins are just another layer to get through to test They also have heavier premiums Sigma Metalitics tester is required if buying PMs in volume Sovereign denotes any government minted coin (or bar) And yes, British Sovereigns rock
Comment from : @oledog8391

I think sovereigns are over-rated in terms of beauty and in terms of premium For example, a half sovereign is 22K and carries a premium of around 24 However, it carries a mintage figure release If you purchase a 1/10oz gold bullion Britannia, it is 24K and carries a premium of 21 It's security feature detailing is a work of art on it's own and looks more beautiful, however the mintage figure are rarely (if ever) released It's also worth noting that the premium on sovereigns and Britannia bullions reduce with increased size (ie a lower premium on a one oz sovereign coin compared to a higher one on a half ounce coin) Perhaps I'm splitting hairs here But for what it's worth, I believe that aesthetically and value for money that britannia bullion is the best and should have a numismatic attribute for it's features
Comment from : @dizzybee7386

I like getting sovereigns I look out for different mints and dates but many are over polished from pawn brokers and some like a bit dodgy too clean
Comment from : @steffenmoss7119

Gold shouldn’t be viewed as an investment but rather as insurance and preservation of your wealth against inflation
Comment from : @BulletProofBrain

Great vid I have been thinking about adding a small amount of gold and doing some fag packet maths has told me that new Sovereigns are 112 over spot, 1oz Coins 108 over spot and 1oz bar 106 over spot I guess salability the other end is as important than the percentage over spot?
Comment from : @MrButuz

hi m8 can i put this up on my site on face book group
Comment from : @keithainsley6467

Thats why i buy from a certain bullionbrThey are expensive but at least no chances of fake
Comment from : @abdulrahman31350

Hi Have you heard of the King charles graded coin? I had a company trying to sell me some I'm a first time gold investor
Comment from : @waynemoffett2237

Mexican 5 or 10 gold Peso's is a contender for my Sovereign collectionbrUp in the air which to purchase next
Comment from : @michaelbuckley6710

Which is better in the UK, gold sovereigns or gold Britannias?
Comment from : @Year_0

What is a good price for a single uk full gold sovereign?
Comment from : @winstonsmith3690

I have a few 1oz metalor bars, bought from a reputable dealer as best value, I have receipts for them and they will most likely be part of an inheritance If I wanted to sell them back to the same dealer it would be below spot anyway, but in many years to come it will still be above what I paid for them I see many fake sovereigns for sale and as it is, so popular and such a simple design, it is as easy, if not easier to fake than the bars Safest in my opinion by far are Britannia's The first gold I bought has increased in value by 47 price iI paid against todays spot
Comment from : @stanian2

I keep it simple you can't go wrong with 1oz eagles and 1oz buffalos
Comment from : @kirbyvacuummadman1814

Tristan de Kuhna (sp?) That's a fascinating island I've fantasized traveling to They have coins coming out of there? Not that I'm a buyer but what am interesting part of the world Google has pics of it's bar the Albatross
Comment from : @andyb8838

To split hairs brbrThere are plenty of real older sovereigns from commonwealth mints
Comment from : @ArsenicApplejuice

I would say as long as you know what you're buying, the "off brand Sovereigns" honestly aren't that bad Same amount of Gold for often a cheaper price than a Royal Mint Sovereign I agree what what those companies do is scummy, but they're still Gold at the end of the day, and the same amount of Gold as a regular Royal Mint Sovereign
Comment from : @numismaticmaster8612

100 Agree 👌
Comment from : @SilverCoinStacker

Would anyone recommend getting the new commemorative proof sovereign graded or just leave it as it comesbrbrJust thinking about long term condition and valuebrThanks
Comment from : @gavinheslop4956

Regarding 5:20, that gold coin is the 2022 Gibraltar Saint George & the Dragon 22 karat gold Sovereign The reverse side design is by Lucrezia Delfini and the obverse side effigy of Queen Elizabeth II is by Raphael Maklouf
Comment from : @jadenephrite

Would you say Hattons of London is a good place to buy sovereigns?
Comment from : @paulajohnson6409

You never define "sovereign" True, it's not trademarked, but that doesn't mean the term is meaningless: in the trade it means simply "coined by the mint of an internationally recognized government to serve as legal tender" If that's your gold, you're good Not that hard
Comment from : @I-Libertine

I am so excited I got the same notification about the new Sovereign from RM being posted I think mine will take a little longer to arrive 😊😊😊😊
Comment from : @mrssputnik7388

You can’t trademark sovereigns What would the king call himself if you could ?
Comment from : @martinmowbray4304

Thanks byb great stuff, I had money in the Bank zero interest, inflation 10 devalued it I believe buying gold has given me 10 profit even after paying well over spot
Comment from : @georgewraith8360

You're so right Graded bullion coins are so ridiculous unless of course it's a HSN exclusive first day of issue😐😆
Comment from : @seanoconnor1478

And what about LMU gold, has the same feel for me as sovereignsbrNice coins to hold in hand and the right price
Comment from : @tvandijk2018

Graded coins aren’t always bought for the number and can be had for not a lot more than ungraded, however they can be classed as a bit more secure as they have been vetted and tested Just a wee thought
Comment from : @davidmartin2957

Would you buy sovereigns with the price they are now best value that is
Comment from : @danielgarner2977

surely though, when buying non-trademarked sovereigns eg tristan da cunha or whatever, the important thing is the gold content? As long as you are getting gold content at or near spot price, you cannot go wrong, no? I mean, 1 or 2 above spot for boxed capsuled sovereigns with COA has to be a good price, no?
Comment from : @carldefoe4673

Is buying sovs on eBay for around spot a good idea in your opinion, or should you stick to dealers to be safe?
Comment from : @pinheadluke3136

This is the first video of yours that made me worry I too own a Metalor 50g gold bar, bought from Chards back in May A good price, worked out just below £49 a gram Being from Chards and looking identical to yours I can be assured mine isn’t a fake, right? 😮
Comment from : @ARegularBloke

I love the British 1OZ round so much that I got one last yr
Comment from : @stevelauda5435

Another great video! Please more
Comment from : @Jesse_Dawg

🙂👍🏽
Comment from : @grandpafossil

Great video Im still quite new to stacking gold and feel even the Royal Mint can be misleading I have bought the 3 coin Memorial Sovereign set from the RM and they said that the Memorial Sovereigns would only be available until 31st Dec 22 but now I see according to their website that you can register interest in another 2022 bullion memorial sovereign to be ordered from the end of this January! I know my set will be proof but it never mentioned other 'versions' would be available at a later date so I feel a bit cheated now
Comment from : @chrislumb963

Great video as always BYB
Comment from : @365DaysofSilver

I have been thinking about picking up some sovereigns The timing of this video was perfect I didn't know that others produced them You might have saved me from making a mistake Thank you!👍
Comment from : @richardmetcalf2346

Another good one
Comment from : @tallthinkev

What do you think of poured gold bars? I like to buy the 1oz Perth mint poured bar It's nice to handle a small bag of those with your hands sometimes! Lol I've not checked resaleability here in the states, but i couldn't imagine i would be offered much less than spot They are quite nice! I know a few others, like Credit Suisse , offers poured bars as well
Comment from : @john-ze7eu

Great video 👍👍👍
Comment from : @pccoinstar5911

Do you have any information when the gold Britannia coin with King Charles will be introduced?
Comment from : @Maximixa

I only buy from apmex or jm bullion I figure if i get raped with the super high prices they like to charge it has to be goodlol
Comment from : @john-ze7eu

Sovereign and gold (silver)close to spot as possible ,but as a new stacker I do like to buy good looking things but cheap I’m in the right place for cheap 👍
Comment from : @justdoitadventuresreviews4664