Hi Stackers. The main point of this video isn't the British Gold Sovereign itself. This is primarily a stacking channel. So I approach things from a stacking perspective which often irates the collectors. Oh well, sorry, have a nice day. The reall point of this video is to offer you examples of less common paths to owning gold. If you want to play it safe, stay mainstream and just drive Hondas or Toyotas, the Gold Eagle, Maple, Krugerrand and other modern day fractional gold coins will suit you just fine. But if you want to drive something different, maybe something more economical, here is one of several options to consider - namely for long term holders who believe the spot price will as it has, continue to rise on dollar debasement. That is the point of the video. Just one more tool in your tool belt.

I have half a dozen of them as a US stacker. I like variety and the history of them. I haven't tried to sell one yet... hope i don't have to. The larger online dealers will always buy them, so I'm not too worried about it. It's gold..

I'm not sure about abroad, but in the UK, Sovereigns count as legal tender, so are therefore sales tax and capital gains tax free to buy and sell. They're the best fractional to buy in the UK. If it's for adding to you collection, I think it's worth owning one, just because of its long history. A great conversation piece.

I am English and you are right. The British gold sovereign is most excepted gold coin in the world.

On my drive in to work this morning, I was listening to your video from three years ago on stacking European sovereign gold, and then this pops up today. That’s what we refer to in my field as “irony”! 😂

@floridastacker

5 ай бұрын

Happy to have joined you during your mornings commute lol! That is irony!

20 shillings would be 240 old pence(one old pound) not to be confused with the modern British pence. This was a lot of money at the time as most people were only paid a wage of two and six(30 old pence) per week. To buy a full Sovereign would have taken about 2 months wages back in the day not allowing for day to day essentials. Sovereigns have the advantage of lower dealer premiums and good sell back prices. 9% buy premium and usually you will get spot price and a bit when you sell. At least if you live in the UK.

Thank you! There are so many options for stacking and these all give many price points up and down the scale. The Sovereign coins are beautiful and historic. I like to watch Sovereign Saurus myself. Keep stacking and educating!

@floridastacker

5 ай бұрын

He's got a great gold channel doesn't he! Thanks for checking out my video!

What is important to stackers is when you go to sell them you will get less than spot. For example, JM Bullion is selling Sovereigns for roughly $38 over spot and buying them back for $20 under spot for a spread of $58 or 11%. My LCS won’t buy them. They don’t have a market for them. There is a place online selling ex jewelry for $20 over spot, but the buyback is $20 under. I’d suggest buying a nice one for your collection but stacking these in the U.S. isn’t very smart IMHO.

@patheticprepper4496

5 ай бұрын

Well said. The intelligence I expected the host to display.. I guess not today! Based on this video, i suspect not in the future either. Truth hurts

@jonathancrocker366

5 ай бұрын

I'm not a seasoned stacker by no means.. but imo, long term stacking is the way to go. If you're a flipper, I don't suggest buying gold or silver. IMO

@wrgalaxy6261

5 ай бұрын

Good point

@floridastacker

5 ай бұрын

@@patheticprepper4496 Funny. I don't see any subscribers to your channel. Fitting name, however. I think it suits you.

@floridastacker

5 ай бұрын

Thank you for sharing your experience and viewpoints on these coins. It is interaction such as this that makes this community better. You just can't fit everything on a 200+ year old coin in a YT video that the average viewer turns off around 4 to 6 minutes in. Now reading this comment I would love to add to your statement that your coin shop doesn't buy them. I live near a city, and the smaller shops pay low, if at all. But I have access to a couple coin shops that do 8 figures annually and can move them, or afford to hold them, or melt them. You do get less back, but you pay less for. It's the spread, like you mentioned, when compared to comparable weight bullion that makes the difference.

Sovereigns are a cool fractional gold coin

@patheticprepper4496

5 ай бұрын

Strongly disagree

@audie-cashstack-uk4881

5 ай бұрын

@@patheticprepper4496planet earth not planet USA you ignorant fuk 😂😂😂 sovereign the most recognised and long term minted gold coin in history 😂😂

Excellent content!

@floridastacker

5 ай бұрын

Thank you. I put a lot of time into this one. I tried to get as much in as I could from one Stackers perspective.

Excellent!

I stack sovereigns. In addition, Persian Pahlavi coins are in the same sized AND have a lion holding a sword!

Jeez, I just found your Victoria 5-sovereign (the huge one on your table) on the web for £4,210.00 !!!! Congrats - and thanks for your video

@floridastacker

5 ай бұрын

I bet that price is for a very high quality coin. I'm thinking the one I have will fetch a much lower price but it still is 39.9 grams of gold! Honker!

@user-st8bk4sk9i

5 ай бұрын

@@floridastacker No, the one priced as above looked pretty beat up 🙂

Good work!

@floridastacker

5 ай бұрын

Thank you, James I am happy you enjoyed this video!

I like the Maple leaves in Gold all the quality, 24 kt, and generally a little cheaper than AGEs

@floridastacker

5 ай бұрын

Yeah good choice

@go4it129

5 ай бұрын

Same

I haven’t found the premiums that much lower than I thought. I have an uncirculated British sovereign from the early 1900s. I bought it from a friend in 2014

Great info for sure! While I really love fractional gold, not the biggest fan of the British Sovereign.

@floridastacker

5 ай бұрын

I like modern bullion the most myself but enjoy stepping outside my normal comfort zone for these reviews. Especially when my coin dealer says "hey, take these home if you want to do a video on them"...i'm like absolutely!

Fractional gold is the best simply because it is much more affordable . Having 2000 dollars tied up into one coin is simply ridiculous . Fractional gold coins are easier to buy and easier to sell .

FS, I agree that adding a few Sovereigns is an affordable way to add fractional Gold to one's stack. I have several in my fractional Gold stack. Cheers 🍾 🍾

@floridastacker

5 ай бұрын

Thank you! I'm really trying to bring new content and coverage to the channel. There are only so many fractional gold and silver eagle videos one can do lol. I haven't bought a sovereign yet, but I imagine I'll buy one or more going forward.

@audie-cashstack-uk4881

5 ай бұрын

Nothing better to stack in the uk than sovereign

@bullionaddict9164

5 ай бұрын

@@audie-cashstack-uk4881 just ask good old Sovereign Saurus 🧐

@poultonreal

4 ай бұрын

Britannia's are 99.99 pure and low premium too. 💪

The affordability mainly comes from the lesser purity. I believe Sovereigns are approx 93% Gold by weight.

@floridastacker

5 ай бұрын

The weight of a gold Sovereign is 7.98 g total with a pure gold content of 7.32240 g per the Royal Mint. That is a 91.67% Gold to 8.33% Copper ratio for 22 Karats.

@audie-cashstack-uk4881

5 ай бұрын

It’s worth its weight in GOLD like any other bullion it simply gets calculated at 22c areas of 24 your over time increase is exactly the same as any other bullion the beauty f sovereign is there is no other coin ever minted as long and as many in history and is globallly valued as a real gold coin easily spotted proven weighed checked as a sovereign. And easy to carry yes sell exchange. A pocket full of sovereign s is far more flexible than a single 1 oz coin

@petercollingwood522

13 күн бұрын

@@floridastacker Same as the Krugerrand. And the South African 1 and 2 Rand coins minted from 61 to 82. Not surprising as the SA mint was once part of the British Empires monetary infrastructure and they simply continued using the specs for the Soverigns when they became a Republic in 61 and intruduced their own coins. Including the Krugerrand as you mentioned - in 67. In fact the old ZAR (Transvaal) Republic used the same specs for the Kruger Pond and Half Pond that they minted from 1892 until 1900.

Yes! Im currently holding 13 swiss franc'

@floridastacker

5 ай бұрын

Really nice! I like the Rooster!

Been telling folk to buy sovereigns when you could buy 10 for a £1000😅 ang gold was 250 dollers a oz ,,now im rich 😅😅😅😅

Im working on filling a tube of fractional eagles and the Mexican Mint tenth oz coins. Once ive finished that off i figured ill bs looking for some pre 33 stuff. I think a pieces liquidity should be takwn into account when buying. They are beautiful, but is there going to be a market for the piece that isn't going to screw you out of 10-13%? Im in for the long hold so i think the price doesn't matter as much if youd plan's to hold for years.

@floridastacker

5 ай бұрын

Anxious, yeah, the market matters. Actually, if you live in a rural area, i would add avoid. In a city such as mine with coin shops that do 8 figures annual I can move them easily. I just couldn't get everything into a video that 50% of the viewers have turned off 4 minutes in. I know you get that part. I think the longer holders benefit here. Flippers and weak hands should avoid.

@AnxiousStacker

5 ай бұрын

@@floridastacker absolutely! Have a great weekend buddy

I want to start collecting 1/4oz gold coins, but I don't want to get ripped off. I've only been collecting/ stacking coins for a couple of years. I don't have a local coin shop here. What's a good option to acquire 1/4oz. gold coins for someone in my situation? Thanks!

@floridastacker

5 ай бұрын

I'd stick to gold eagles, biggest market, so easy to sell at 1/4 oz. I suggest buying them from Liberty Coin online, or if you need my help, I can get them for you.

What do you think about the 20 swiss franc gold sovereigns? I got a few of them years ago because it was a lower premium option. But I heard there's not a lot of demand for them and when you go to sell your going to get well under spot for them. Now idk if this is the case because I've never had to sell them before, but it's just what I've heard from people who have.

@AnxiousStacker

5 ай бұрын

I've definitely heard that too. Not planning on selling anything any time soon but if youre holding it a while id think the price won't matter as much because you only lose value when you sell. Id also say if you were to be selling you can find someone in the community and get closer to what it's worth than taking it to a coin shop.

@floridastacker

5 ай бұрын

Hi Jimmi. In my opinion, the reason you got them at the lower premium is because they have a smaller market than comparable modern-day bullion like the fractional gold eagle, maple, etc.. Less demand means the average coin shop has to take on more spot price risk for holding them. Coin dealers love to move items quickly as their spreads are built in giving them a profit during days of little spot price fluctuation. The longer they hold, the more risk they take of a dip or big pullback putting them in the negative. My coin shop sells them around $15 to $20 over spot and buys them back at around 98% to Spot depending on demand.

@JimmyLicari

5 ай бұрын

@@floridastacker cool. Thanks for the response my friend I appreciate you

@JimmyLicari

5 ай бұрын

@@AnxiousStacker right and that's what I plan on doing. I'm trying to hold as long as I possibly can without having to sell

@floridastacker

5 ай бұрын

@@JimmyLicari these types of interactions are why I do this. Thanks again

8:37 0.2534 ounces of fine gold, not 22 carat gold.

@floridastacker

Ай бұрын

Ever thought of making your own videos?

The downside to stacking sovereigns here in Canada is that because they are not fine gold at 22kt they attract sales tax and that is 12% +/- depending on the province.! Beautiful and historically interesting though they are, its a serious stumbling block. It's the same here with Krugerrands, Eagles and all coin silver. So it goes with government, it has to be 24kt here....999 for silver. That's the way it is in the GWN and 99% of folks don't know nor care.

@floridastacker

5 ай бұрын

Taxation really ruins the fun, doesn't it? Each of the 50 states has a different tax law here too regarding bullion.

@audie-cashstack-uk4881

5 ай бұрын

Tax free to buy and sell uk no matter how many you own stack no one can tax your sovereign ever i know a 85 yr old man who stacked only sovereign s his whole like started at 18 sold them at 85 to pass cash on to grand kids he started at around £50 pounds there almost 400 each today

@carllarouche7314

2 ай бұрын

We have the greediest fucking goverment

Excellent shit

@floridastacker

5 ай бұрын

Thank you, brother

@theenglishprofessor8411

5 ай бұрын

Isn’t it, though? 😉

🇺🇲

Sovereigns are my favorite gold coin. I like Krugerrands and eagles too, but fractional is just better, especially as the price of gold increases. I don’t like fragile 24kt, and 1/4oz or 1/10oz eagles have ridiculous premiums. Paying those premiums is insane. I don’t care if the sovereign is less popular right now. I have no doubt its popularity will grow in the US. It’s not some trend of the month. They’ve been minting it since the 1400’s. It’s not going anywhere. The US mint can keep their 1/4oz eagle premiums and shove it.

Go FL 🐊

@floridastacker

5 ай бұрын

Dave!! Howdy buddy