![]() Give them time to find a buyer (or buyers) who wants your coins. They’ll have a large number of buyers and sellers on their books, so pairing buyers and sellers together can improve value for both parties rather than simply selling your coins back into the wholesale market. A really good gold broker will be able to work with you to achieve higher prices for your coins. But giving a dealer a few weeks means they can hook your sale up with a keen buyer. ![]() Wishing to sell your gold coins immediately is one thing. Commandment 3: Thou shalt give your dealer some notice when selling This reflects the tax-free status of these British coins, which means there is a higher demand from UK investors for these, rather than foreign coins. However, be aware that if selling back your coins in the UK, you’ll no doubt obtain better prices for UK coins than non-UK ones. Some of the non-UK bullion coins are also very liquid the Krugerrand, Maple Leaf and US Eagle. Spreading the sale over two tax years could save you thousands in tax.ĭiscover other useful tips in our FREE Insiders Guide. To maximise your profit, sell some before the Apr 5 th tax year end, and the rest afterwards. If you have non-UK coins to sell, then offloading a large quantity all at once may incur capital gains tax on your profit. ![]() This way you get to keep all your profits rather than pay the taxman. These coins boast their own face value, qualifying them as CGT free. This can easily be achieved by sticking to UK coins. One way to maximise your selling price is to avoid paying any Capital Gains Tax (CGT) on your profits. In the UK, that means focusing on coins issued by The Royal Mint like various Sovereigns and Britannias. When you buy gold coins, focus on the best-known investment bullion coins. Once the price of gold rises, you can sell off your investments at a decent profit margin.Īvoid buying obscure coins as they’ll be hard to sell Commandment 2: Thou shalt consider Capital Gains Tax The best strategy to build value is to buy coins that have low premiums so that your capital outlay is minimal. Sadly, at the time of selling, they are unable to recover the premium they paid. These types of coins are mostly purchased by amateur investors who end up believing that the coin they are buying is indeed something of great value. You will probably find that you make end up paying hefty premiums for rare obscure coins. Selling at different price points help you take advantage of rises in the spot price of gold. This ensures that you can sell off small portions of your holding at different price points in the market, rather than being forced to sell a large piece of gold at one price. As you continue to build your portfolio, you need to invest in gold and silver coins of different weights and dimensions. Of course, variety should be in another point of focus. Some of the most liquid coins in the world are the Britannia, the Krugerrand and the Sovereign. In order to capitalise on liquidity, your coins need to have a strong secondary market. By buying obscure coins, you are defeating the very purpose of your investments. Focusing on liquidity gives you the opportunity to rake in your capital at the time when you need it most. Infact, the three key things that you need to focus on when building your gold portfolio are liquidity, variety and value. Investing in obscure gold coins is a huge mistake It may well be that you buy a strange and wonderful gold coin which was either ‘going cheap’ or had a fantastic design, but when you try to sell, no one wants it. Play outside of these guidelines and you’re playing with fire. Remember, the larger the buyer market for your particular coins, the easier it is to sell, and the better value you’ll receive. It’s comparable to buying a 2 bedroom flat, close to a main station in the UK, rather than a quirky property in the middle of nowhere, that only a small handful of people will like. In a similar way to buying and selling property, some gold coins are deemed very liquid and others are far more obscure and may prove difficult to sell. That’s because not all gold is created equal. This may sound like a lot of forward-thinking but if you want to obtain the best possible prices for your gold, then you need to consider this even before you buy coins. Commandment 1: Thou shalt not buy obscure coins in the first place If you follow our proven step-by-step commandments, it’ll ensure you squeeze every last penny out of your investment. Perfect timing and luck needn’t be relied upon. When you eventually sell them, a handsome profit awaits. The idea is that the value of the coins rises during the time you own them. ![]() After all, holding gold coins doesn’t pay you a dividend. Selling your gold coins is the point at which you crystallize your profits. Essential rules to maximize your selling price ![]()
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