Useless gold coins

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chaggle
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Useless gold coins

Post by chaggle » Wed Mar 20, 2019 11:26 am

There's an ad on TV ATM (ch4 and 5 mostly) where some bearded chap (who is a lord of some sort I think) talks in sombre and respectful tones to try to persuade us to buy a coin of some sort. He describes in it some detail - its squarish and has got stuff on it like Britannia and national plants and so on. All this is accompanied by Land of Hope and Glory in the back ground to emphasise the 'Britishness' of the whole thing. Oh, and it's rare - only 4999 or so have been made.

Why do people buy this stuff? Is it for investment reasons - or :con
Don't blame me - I voted remain :con

Tony.Williams
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Re: Useless gold coins

Post by Tony.Williams » Wed Mar 20, 2019 1:01 pm

Not seen that one. Otherwise, I would obviously place an order... :gmc

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chaggle
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Re: Useless gold coins

Post by chaggle » Wed Mar 20, 2019 3:12 pm

Here's the vid. Serious question - why would someone buy one of these?



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Don't blame me - I voted remain :con

Matt
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Re: Useless gold coins

Post by Matt » Wed Mar 20, 2019 6:01 pm

As legal tender it has a face value of 25p
https://en.wikipedia.org/wiki/Sovereign_(British_coin)
Thought I'd check. 2 Grams of 22K Gold is currently worth £22.43.
https://en.wikipedia.org/wiki/Quarter_sovereign.
Numismatists may ascribe a greater value
https://www.ebay.co.uk/itm/2008-Queen-E ... 065-%C2%BC
Though just because an item is on sale for an amount on ebay, it doesn't mean that your equivalent item is worth that much. The seller may be a chancer who will never get that much and even confirmed deals may be suspect. I'm told that some of these exchanges are used for money laundering. Why yes I will buy your assuredly rare 50 pence coin for just 50 pence more than the cost of an ounce of heroin. Does it come with any extras?
So do take ebay prices with a pinch of white granules but it's feasible that some may buy these either as collectors or as an investment for the collector market.

I could see the eponymous character from Brewster's Millions putting these differing values to good use.

Croydon13013
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Re: Useless gold coins

Post by Croydon13013 » Thu Mar 21, 2019 11:02 am

chaggle wrote:
Wed Mar 20, 2019 3:12 pm
why would someone buy one of these?
Why would someone take homeopathic water instead of medicine for a treatable cancer? Why would someone pay £500 to have their house exorcised? Why would someone vote for Jacob Rees-Mogg?
thIS sIGnaTure iS an

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