Yes. I got ambushed with all of the sales calls and emails etc and my response to the sales chap that emailed me was
” so you mind if I ask; why do you limit it to one bullion coin per Customer/household per year”?
his response” simply put bullion coins are a loss leader for us”
Yes we actually make a loss on bullion coins
We specialise in proof collectible coins. The bullion are just acquisition products for us. They get the phones ringing but unless you’re looking to making some jewellery we never recommend them.
No not at all..a proof coin is worth whatever a collector is prepared to pay for it. That’s why the 2017 proof sovereign which was £600 we now sell for £1499….that’s nothing to do with the price of gold that’s down to demand, its rarity and collectability
Another example..a rare Edward the 8th sovereign recently sold for £1 000 000…..its bullion value was same as what you see in the paper
One more example….a bullion sovereign in 2012 was about £320..today its £339 (up £19 in 8 years)
A 2012 proof sovereign which would’ve been about £550 we now sell for close on £1800….yet again down to demand, rarity and collectability
You have to understand proof coins aren’t held by the same restrictions as bullion…their future value doesn’t rely on purely on the gold market/price of gold. That’s the beauty of proof pieces