Stupid gold commemorative coins

[anonymous-user]

someone i know has spent a fair wad on these things, £20k.

tell me they aren't worth any more than their weight in gold.

i called him an idiot.

[anonymous-user]

They are worth scrap value. Buying gold in itself is a good thing long term, as long as he didn't pay much over scrap value for them?

Otherwise he might as well have just bought 1Oz ingots.

[rossub]

I always laugh when they try to justify their ‘rareness’

Only 4,999 households will own one

[asfault]

rossub said:

I always laugh when they try to justify their ‘rareness’

Only 4,999 households will own one

Adverts for a new type come out every couple of weeks,
Usually seem to be on the history channel etc during a ww2 documentary is when i see them.

[Doofus]

ThingsBehindTheSun said:

They are worth scrap value. Buying gold in itself is a good thing long term, as long as he didn't pay much over scrap value for them?

Otherwise he might as well have just bought 1Oz ingots.

Ingots attract CGT. Coins don't.

[anonymous-user]

Doofus said:

Ingots attract CGT. Coins don't.

Interesting.
Will probably take a while to get what he paid though I reckon.

[SlimJim16v]

Doofus said:

Ingots attract CGT. Coins don't.

Only if they're legal tender, so sovereigns and Britannias.

[Doofus]

SlimJim16v said:

Doofus said:

Ingots attract CGT. Coins don't.

Only if they're legal tender, so sovereigns and Britannias.

Many (most?) commemorative coins are legal tender (albeit IOM, or Jersey, usually).

[Grandad Gaz]

The ones I have seen advertised are incredibley small. 11mm diameter!!

That is a lot smaller than an old sixpence, which was around 19mm!

[Scootersp]

ThingsBehindTheSun said:

They are worth scrap value. Buying gold in itself is a good thing long term, as long as he didn't pay much over scrap value for them?

Otherwise he might as well have just bought 1Oz ingots.

I prefer "Spot" value, Gold my dear boy does not get scrapped