ben
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Post by ben on Jul 4, 2016 11:51:42 GMT
So in other words according to your own valuation they have pretty much got it right.
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jonno
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nil satis nisi optimum
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Post by jonno on Jul 4, 2016 11:54:05 GMT
why? not looked yet what is bad about it Well 9ct gold is 38% gold. It is 755 grams so contains 290 grams of gold. This amount of gold melted down on the open market on today's spot price would be about £8940, Collateral have valued this at £8950 with would give you a shortfall of about £10. You would also have an issue if you needed to sell it internationally as it would be unlikely to be able to be delivered via air freight services. Hi investor.What spot price are you using?
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Investor
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Post by Investor on Jul 4, 2016 11:58:54 GMT
Well 9ct gold is 38% gold. It is 755 grams so contains 290 grams of gold. This amount of gold melted down on the open market on today's spot price would be about £8940, Collateral have valued this at £8950 with would give you a shortfall of about £10. You would also have an issue if you needed to sell it internationally as it would be unlikely to be able to be delivered via air freight services. Hi investor .What spot price are you using? Ok I give up. Amendment Current spot price is £32.70 * 290 = £9483. This is an excellent opportunity to invest in another high quality loan from Collateral
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nush
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Post by nush on Jul 4, 2016 12:04:18 GMT
Pity the fool who has invested in 0114 you do know that the LTV is 80%, or am i one of the fools
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jonno
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nil satis nisi optimum
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Post by jonno on Jul 4, 2016 12:05:12 GMT
Hi investor .What spot price are you using? Ok I give up. Amendment Current spot price is £32.70 * 290 = £9483. This is an excellent opportunity to invest in another high quality loan from Collateral Mmm. Call me over-sensitive, but do I detect a smidgen of sarcasm
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ben
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Post by ben on Jul 4, 2016 12:07:00 GMT
Pity the fool who has invested in 0114 you do know that the LTV is 80%, or am i one of the fools The other ones have a lower LTV although its good to see that there valuation are pretty accurate on items that we can value makes you more confident on the harder to value items for us.
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nush
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Post by nush on Jul 4, 2016 12:13:02 GMT
you do know that the LTV is 80%, or am i one of the fools The other ones have a lower LTV although its good to see that there valuation are pretty accurate on items that we can value makes you more confident on the harder to value items for us. you are right ben, the 80% is just based on the gold price though so it shouldnt be a problem, so many buyers waiting to take it away from collateral makes selling it on easy.
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jonno
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nil satis nisi optimum
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Post by jonno on Jul 4, 2016 13:20:10 GMT
Bloody hell!!! 3 coins worth 140K each. 80K loan on each one!! How long to shift this lot??
Wow, 1 minute later and they've ALL GONE. I guess I've just answered my Question.
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Post by Collateral Rep on Jul 4, 2016 13:33:43 GMT
Hi,
There was a slight glitch, one coin will be up shortly.
Thanks,
Gordon
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jonno
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nil satis nisi optimum
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Post by jonno on Jul 4, 2016 13:40:26 GMT
Hi, There was a slight glitch, one coin will be up shortly. Thanks, Gordon Hi Gordon. Thanks for that, I thought I was going doo-lally. After all what's a £280K glitch between friends?
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Jul 4, 2016 14:40:45 GMT
Here is a comment (found with google on Victoria 1839 Pattern £5 ):
These coins are very rare and very valuable, selling at auction for $50000 to $200000 US dollars.
Of course, with such a valuable and beautiful coin, fakes abound.
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sikas
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Post by sikas on Jul 6, 2016 17:42:05 GMT
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Post by Collateral Rep on Jul 6, 2016 18:33:24 GMT
Hi sikas, The two items are very different. The eBay items you highlighted are stainless steel so you can't compare it with an 18ct solid gold watch with a Diamond Set case and Diamond Set strap. The total Diamond Weight is 2.50 Carats. Many thanks, Gordon
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fp
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Post by fp on Jul 6, 2016 18:34:28 GMT
I can't reassure you, I can however point out there is a significant difference between the one on Collateral and the two far more inferior ones on ePay, one is solid gold, the other two are steel with what is most likely gold plated trim. There are also a couple of solid gold ones on there (albeit not divers watches) for a smidgen over four grand each
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sikas
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Post by sikas on Jul 6, 2016 18:37:24 GMT
i was just about to remove my post, i too just noticed it, sorry for my short-sightedness
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