tpcob303

It's going to start dipping next week, looking at the charts the probability is high.

On 11/04/2024 at 08:41, Petra said:

If you are magnifying at a higher resolution than the infamous Royal Mint quality department then they are going to miss any problems and as you say is it really a problem as you take a normal view of a coin and see no problem? Milk spotting is a problem also found with other mints silver coins ….🤔

True but its an issue they should be trying to resolve. I have plenty of RM coins without milk spots, most of which are from the 1990's to 2000's since 2010 it has become more and more an issue on coins I have bought that were made by them. If they can produce coins without the process is good and they have purified the metal well enough, if they haven't they should be actively melting it for bullion only and trying again. Or at least be changing their quality control methods so that they can pick up issues early and remove coins to be remelted and replaced with a good minted coin for proof issues.

The whole arms length check must go, how is it they can't bring a coin closer to their eyes in the same space of time to do a quality check, why arms length, 

I'm avoiding, will pick up a 2015 restrike over this. 

On 09/04/2024 at 09:34, auleAboutNumismatics said:

New arrival. Nice coin!

I zoomed in, its a lovely coin but there is a big milky spot.

However, if you are OK with the milk spot enjoy your coin regardless of it's milky spot. I'm expecting mine to have some when it gets back from grading so I get to keep mine (outside of returns period now) and enjoy it milky spots or tarnish regardless. 

On 29/03/2024 at 14:52, westminstrel said:

The medal as intended was supposed to be 130mm in diameter.

Now what might be truly novel is if the Royal Mint were to stick to the weights (2oz, 5oz, etc.) but half the thickness and increase the diameters.

The G&D’s matte finish was an easy one to do, to make the coin interesting, and market it as a ‘first’ in the Great Engravers series.

But I doubt the RM would dare to be as innovative as reducing thickness and increasing diameters (though I’d love if they proved me wrong).

Oh how I would love them to increase the diameter of the 2oz and cut the thickness. I wish they had done this with the St George and the other coins, though I have my doubts they would do this. 

This apology is really only for the silent auction, it hasn't explained the other issue regarding the pricing of products that are not worth the money they are asking. 

Half way there don't back down now regarding this. Did you manage to speak with your local MP? 

55 minutes ago, westminstrel said:

From what I understand, the collectibles market in general is in a trough.

I can understand that with the price of gold hitting new highs people are less likely to buy gold but still the price is technically quite cheap. 

I have a piedfort 2022 jubilee sovereign I'm trying to sell but no takers even pricing at a price where one recently sold in the past few weeks. I can't drop any further or it would consider selling at a loss. 

To those who don't know, there is one bidder who has apparently won 2 of these sets. One for £12k the other for £15k. I think he did the bid again, and both bids accepted as winning bids. 

He claims the winning bids are confirmed and that his basket/orders are now showing this up to date. 

Just now, Kvasir said:

I'm waiting for my 50z to be delivered today. I'm not really looking forward to it, which is sad! Fingers crossed the 50z with a smaller mintage will have less issues?

I would hope they wouldn't have the same issues for the smaller mintage. 

The arms length quality check is a joke, it doesn't take much to bring the coin closer to the face and see the issues. An arms length check for quality is stupid as no one checks a coin at arms length especially if you want toncheck out the details of the fields and devices. 

The mint has to change. New leadership, reforms of quality checks, produce less, increase quality and make sure they are not working for a bottom line and they will increase reputation. 

My 2oz arrived, oh boy is it awful. Edge issues like alot of coins, marks on the obverse that looks like some sort of smudge mark, particles on the reverse and possible milk spots to boot. 

Send it back i will, demand a restrike I must. 

4 hours ago, Taikonaut said:

Will they do anything for you?😀

I'm away to find out, package arrives at around 10am today. Let's see the quality and if it needs to be returned to sender or if its a keeper. 

This takes the absolute piss (excuse my French please). 

Well my bank account is now empty, but I would consider buying this, however I think I would look for an original. 

1 hour ago, Taikonaut said:

 

I think there is another Oliver song that might be relevant here regarding the mint which also could be put under the Royal Mint pricing investigation discussion forum discussion. 

It seems the Mint likes to pick our pockets or two. 

https://youtu.be/4X48mxMPm9Q?feature=shared

3 hours ago, BackyardBullion said:

 

 

I left a comment on the video, however I will say it again here. 

Go to the press, make it public hold them to account with some public shaming more than social media can do. Once it's in the papers people will take more notice especially the government who runs them, it seems today the government is more interested in the courts of public opinion like alot of things in life the press hold massive influence on alot of issues. 

1 hour ago, BackyardBullion said:

At this point this does not surprise me. 

Have you got some media I can see to back this up? Would love to highlight how terrible this is. 

I have seen it with my own eyes on a Facebook group. But it's not my message and I would need permission and that might not be granted to share. 

15 hours ago, Mickjar said:

Just received my 2oz but it’s got a small frosting break on George’s boot. Is this acceptable?

 

 

, O

If you are grading it won't affect the grade....apparently according to ngc as its a mint production issue rather than post production. However if you are wanting a perfect coin I would return it if that's what you want. Personally I have 3 coins with such issues and I kept them, its kind of difficult when you live abroad to send things back due to the time frame for returns as they have to go through customs etc which eats into the time permitted. All coins with the issue were graded and while the gold coins scored 70 the third coin was silver and didn't score a 70 due to Royal Mint milk spots they lovingly placed on most of their silver just so I didn't feel left out. 

Well, it's the usual spiel when they write letters like this. 

Could be worse, you could be a Swiss watch maker who will have total disregard for you as a human being in which you exist. Tbh its only slightly better than a Swiss watch maker that treats you with utter contempt, this is mainly because you got a reply which a Swiss watch maker never would as we are considered much lower in the pecking order if humanity. 

But yes, a huge letter stating absolutely nothing new, nothing we didn't know and nothing they would admit to that we really wanted to know. 

1 hour ago, AppleZippoandMetronome said:

No I would never buy gold or silver for use as an emergency fund. I have two stores for emergency and these are split between cash and an easy access account.

For an emergency scenario I want the peace of mind of knowing what I need is there and not something I'd have to go through the stages of selling to get access to. Chances are also good if you are having to liquidate gold or silver in an emergency the urgency of that scenario means you are almost certainly going to take a hit on the value of those items.

I am very glad to have the gold and silver I do - there is a good amount of comfort in it. But its there for the long term. Cash is still king for emergencies not to mention day to day living.

The point of such emergency funds are that in case of a bank run you will have access to tangible assets you can barter or sell off for cash. Having an easy access account is the problem, will you have access if the emergency is a run on the banks where you have now the problem of accessing your easy access account which is no longer easily accessible. You have your cash in the bank and the bank is literally taking the funds to fund themselves to pay off their debts. 

Having gold or silver is but a percentage of an emergency fund you have direct access to, cash makes up another percentage and how its stored should be easily accessible but not in the form of an account. Any account is open to the owners of said account, we are merely temporary depositors with which we don't own anything in the bank which we store our own money as soon as we deposit the money it becomes their money and they give it to us when they decide they want to give it to us. 

I am working on 30k in precious metals for 1 year gross annual salaries worth in PM. 

6 months salary minimum cash for emergencies as you don't know how long an emergency can be, my Mrs was out of work for a full year due to covid being between contracts fortunately we had a sort of bailout by the German government but unlike the UK it had to be paid back where the UK paid FT workers 80% of the salary we had nothing for several months and it decimated savings. 

58 minutes ago, Petra said:

Cash kept in a safe at home. Even if you’re not in to sovereigns, have some full and half as they are easiest to sell quickly. 🤔

Not a great place to hide cash, unsavoury people will look for a safe and just carry it away, attached to the wall or not. I have a safe in the house but it's purely decoy I gave coins in it for sure as it's got to sound like it has items of value but it's just coppers the rest are boxes from proof coins. But the coins I hold are in safety deposit boxes that are open to the public that aren't with a bank but a private company. Robbers can take the safe but they get nothing, banks can take the content of the safety deposit boxes they run and hold. It's much harder for private companies to do this and while there is an annual cost, it's reasonable. Sure you can bury it in your garden but you will need to waterproof it as I guarantee you the elements will get to it. 

I would hold up to a whole years worth gross salary income for myself personally. 

3 hours ago, Coinmike said:

Received my 2oz Silver yesterday, obvious chip on the coin. Disappointed. Thankfully I have 2 more arriving I do hope these are perfect. 

I have a 2022 Double Jubilee sovereign with an issue on the rim, possibly missing frosting. It still got a PF70, as it was a issue with the minting process this could be the same issue as I can't see as close up with your photo so it night be missing frosting. If it is missing frosting (send much closer photo to check and see) then it might still get top grade if grading. If it's a chip then unsure, however minting issues should score top grade, it's normally things that happen after like tarnish and milking that might affect a grade. 

1 hour ago, Taikonaut said:

Are these G&D all perfect so far?

No, though imho the defects are small for what I have seen so far.