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First Gold Coin Purchase, Is This Legit?

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 25 / Views: 21,209Next Topic Page 2 of 2
Pillar of the Community
United Kingdom
837 Posts
 Posted 04/06/2013  1:46 pm  Show Profile   Bookmark this reply Add DaytR to your friends list
I was incredibly suprised that they sent you a 22 carat gold coin and didnt include a certificate ! And the packaging seemed quite poor for that sort of coin . That is a bit concerning .

- another thing: if the weight and dimensions dont add up to what its supposed to be I think it warrants further serious investigation especially given the asking price of such coins ....

Edited by DaytR
04/06/2013 1:48 pm
Pillar of the Community
United Kingdom
1686 Posts
 Posted 04/06/2013  2:08 pm  Show Profile   Bookmark this reply Add kena to your friends list
Far as I know, bullion coins don't get a box and certificate while proofs do. Now if you purchase a proof one without a Royal Mint box and certificate than I would be concerned.

I would not be concerned about a bullion coin in just a capsule as long as you buy from a well known dealer.

Ken
Pillar of the Community
United Kingdom
548 Posts
 Posted 04/06/2013  2:46 pm  Show Profile   Bookmark this reply Add Demarco Bishopp to your friends list
My mistake. The Gold Sovereign is indeed 11 parts gold and 1 part copper. I don't know why the colour is slightly off but all I can say is that the 2013 Sovereign isn't unique in this regard. As I said previously, I have sovereigns from 2011 and 2012 are the same colour.

As for the packaging, bullion coins sold by dealers are purchased wholesale from The Royal Mint so you shouldn't expect any special packaging or a certificate of authenticity.
Valued Member
United Kingdom
300 Posts
 Posted 04/06/2013  3:57 pm  Show Profile   Bookmark this reply Add Monkeybean to your friends list
Completely legit company and I'm sure they wouldn't touch a fake .
Valued Member
United Kingdom
90 Posts
 Posted 04/08/2013  09:30 am  Show Profile   Bookmark this reply Add Arksun to your friends list
Ok update on the situation. BullionByPost actually gave me a call. The guy explain that the Mint had made some changes to it this year, that it was a slightly darker redder colour. Also that the outer edge has been raised just a tiny fraction and that these changes have annoyed some of the coin collecting purists, but assured me that it was very much genuine and that they would buy it back and swap for another if I wasn't satisfied. Great response from a company to my email.

In the meantime I also had it weighed and its the correct weight so, yeah I'm totally happy its the genuine article now.
Valued Member
United States
178 Posts
 Posted 04/08/2013  1:46 pm  Show Profile   Bookmark this reply Add Airw0lf to your friends list
Nice coin ,but , please people use cotton gloves when manage your coins... thanks for share....
Edited by Airw0lf
04/08/2013 1:48 pm
Valued Member
United Kingdom
90 Posts
 Posted 04/09/2013  3:42 pm  Show Profile   Bookmark this reply Add Arksun to your friends list
Do gloves really matter for bullion grade 22K gold coins? This isn't proof grade.
Valued Member
Ireland
131 Posts
 Posted 04/09/2013  4:23 pm  Show Profile   Bookmark this reply Add Spikey Norman to your friends list
Gloves for bullion would be just a tad over the top alright. Still best to only hold it by the edge between fingers though to keep the old human sweat from ruining it's pristine condition not only from an aesthetic point of view but also from any potential resale pov (some like their more recently produced shiny to be as perfect as possible).

Congrats on the pickup, careful you don't get bitten by the bug though as I've known it happen to quite a few lol.

Norm
Valued Member
United Kingdom
90 Posts
 Posted 04/09/2013  4:37 pm  Show Profile   Bookmark this reply Add Arksun to your friends list
Umm... already got some silver ones on the way, the bug got me, haha.
Pillar of the Community
United Kingdom
548 Posts
 Posted 04/10/2013  06:44 am  Show Profile   Bookmark this reply Add Demarco Bishopp to your friends list
If you're buying silver coins then you need to get a pair of gloves. Gold won't tarnish if you handle it with bare hands but silver most definitely will.
Valued Member
United Kingdom
90 Posts
 Posted 04/10/2013  7:22 pm  Show Profile   Bookmark this reply Add Arksun to your friends list
Gloves and Airtite containers already on the way :)
Pillar of the Community
United Kingdom
1351 Posts
 Posted 04/10/2013  7:35 pm  Show Profile   Bookmark this reply Add peter1234 to your friends list
Don't forget the brasso and brillo pad.
Valued Member
United Kingdom
90 Posts
 Posted 04/11/2013  6:05 pm  Show Profile   Bookmark this reply Add Arksun to your friends list
Brillo pad?, I'd rather sandblast them :D
Bedrock of the Community
United States
36883 Posts
 Posted 04/11/2013  7:02 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list
Congrats on the purchase of your first gold coin. Won't be long before you'll be thinking about buying more of those little yellow beauties.
Pillar of the Community
United Kingdom
1686 Posts
 Posted 04/12/2013  08:43 am  Show Profile   Bookmark this reply Add kena to your friends list
I am still thinking about buying my first one.
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