Useless gold coins

Post Reply
chaggle
Posts: 2801
Joined: Mon Oct 26, 2015 10:01 am

Useless gold coins

Post by chaggle »

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
Posts: 1317
Joined: Mon Jul 25, 2016 8:05 am
Location: Still somewhere in England
Contact:

Re: Useless gold coins

Post by Tony.Williams »

Not seen that one. Otherwise, I would obviously place an order... :gmc
chaggle
Posts: 2801
Joined: Mon Oct 26, 2015 10:01 am

Re: Useless gold coins

Post by chaggle »

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



(To switch to full screen, click the Full screen icon in the bottom corner of the video player.

To exit out of full screen, press Esc on your keyboard or click the Full screen icon again.)

Don't blame me - I voted remain :con
Matt
Posts: 1053
Joined: Sun Oct 25, 2015 7:50 pm

Re: Useless gold coins

Post by Matt »

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
Posts: 1454
Joined: Sun Oct 25, 2015 7:48 pm

Re: Useless gold coins

Post by Croydon13013 »

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
Post Reply