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Divmad

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Posts posted by Divmad

  1. I would like to replace the 6 Brits I gave to my grandchildren this last Easter to get them started with coin collecting.

    I am willing to pay £25 + postage, each, for good condition coins with no marks etc. Usual payment terms.

  2. 5 minutes ago, SiCole said:

    Different finish, strike, mintage and edge. They look nothing like normal bullion coins.

    Still not convinced.

     

    Mintage and edge, sure. But they lack the broad appeal of a proof coin, being available only to a select few punters who can afford the hefty premiums that the RM dare charge for the experience.

  3. 2 hours ago, Zhorro said:

    I would be looking at what the Royal Mint did to celebrate the Platinum Jubilee, and expect them to do something similar for the Coronation.

    It seems as if there will be a sovereign SOTD for £850.

    I would be very surprised if there was not a £5 coin - even the 1953 Coronation was celebrated with a Crown (5/-)!

    And I would not be surprised if there were other items as well.

    What is frustrating is that we are less than a month away from the Coronation and the Royal Mint's plans are still so vague.  Some of their items are going to be very expensive but they just expect their customers to fork out large amounts of cash at a drop of a hat.

    I don't get the appeal of these so-called SOTD variants.

     

    Why should a SOTD coin, be it a sovereign or a lowly 50p coin, be more sought after than, say, a Struck on the Day After, coin? It's the same design, same denomination, same metal make up....

  4. On 01/04/2023 at 19:22, Bigmarc said:

    I am finding it harder to do this tho. Couple of years back it was easy.

    Edit. Ignore that just had a look at sold listings on eBay and you can still get them at spot.

    You can get total dross pre-1947 at spot, yes, but anything else is going for crazy premiums there. Quite different from a year ago.

  5. 13 minutes ago, Silverlocks said:

    Every sovereign minted between 1821 and 1871 or thereabouts was a variation of the shield design.  A large proportion of sovs produced between 1872-1887 were shields, as was every half sovereign produced between 1821 and 1892.  There are plenty of them about - I see shields coming up here or on FB at least a couple of times a week. I think the obsession with shields is also something of a UK phenomenon.  Outside the UK, the premium for shields is much lower - I had a conversation with a chap from Malta the other day who was buying a couple at 450 Euros each, which was about £396 or 5% over spot.

    Being older, examples in good condition aren't thick on the ground.  I've seen feeding frenzies with folks buying up some real munters at quite inflated prices.  However, you can get nice looking items in the gVF or aboutEF range fairly easily, albeit at about 20-25% premium over spot.  Occasionally one sees some optimistic chancer trying to flog shields at really inflated prices, but I've also seen folks dropping prices down to £420 or so because they're having trouble shifting them.

    The design is nice enough, but it's small enough that you can't really see the detail without magnification.  It is nicer than the George and Dragon design IMO, but with sovs the perceived condition is mostly driven by state of the obverse.  

    I've got a few shields, and standing policy is to buy them if they're available at a price where I'm confident I can get the money back out.  But I wouldn't go out of my way to buy shields at a priority.  At current spot, the going rate for one in decent condition seems to sit about the £450 mark, and while the stacker in me cringes a bit, I think there's not a massive amount of downside at that price if the coin is in decent condition.

    The premium is as much a social construct as anything else, based on a perception of rarity more than anything intrinsic.  However, markets are social constructs, and the market can stay insane longer than you can stay solvent.  If you don't overspend then you're probably not going to lose too big on shields.  However, I think most of the value has already been extracted from shields now, and I don't think they represent an intrinsically better investment than any other sovereign, as they're certainly not undervalued.

    I think OP is right in that they are increasing in perceived value, and the colour scheme and design of today's sovereigns is doing nothing to relieve demand on the antique ones.  I suspect there will still be some ebb and flow in the market but they aren't making any more of them.

    Isn't the current fad for QEII Gillicks, a modern variant on the Shield craze? I can't see why, personally. Surely, premiums over spot come with relative scarcity of a"type", which may be linked to design, but more probably mintages, so my thinking is that the occasional special issue sovereigns will justify their premiums over time. KCII Memorials, anyone?

  6. I've just been going through various pages on Google about the next Coronation coin offerings, and getting totally confused. It seems like every man, or island, and his dog will be using some sort of "Buckingham Palace approved" coin.

    But which is the main one to collect, the one with lasting appeal to the widest audience? 

    I can't see any reference yet in the Royal Mint site to a £5 silver crown coin, but surely this should be the mainstay of the forthcoming event from a coin collectors point of view?

     

  7. On 03/03/2023 at 07:35, Tamcddd said:

    I don’t think one will be more sought after than the other. I’ll be picking up whichever’s cheaper at the time 

    Out of interest, are these 2023 Brits already selling at a premium over COVID and 2021, 2022 ones, thus demonstrating your scarcity thesis?

  8. I've come across this Peace Dollar from when I naively bought it in the last Silver run up in 2008, bought from a UK seller online.

    Of course, now I realise that the grading company was all made up to inflate values, but I now want to sell this and quite a few others, Peace and Morgans, in this state. 

     

    How best to? Should I try and get the coins out of the casing (how?) or sell them "as is"?

    The coins are all in good state but I don't suppose they are anything near the purported ones. MS64 in this case.

    Any opinions welcomed.

    Divmad

     

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