GoldStatue

1 hour ago, GoldDiggerDave said:

@AppleZippoandMetronome There's never going to be a perfect system if they produce unlimited numbers or very high mintages they will kill the demand.  Collectors want low mintage coins, it's no guarantee of a future added value or even if it will hold any of the value.   Special year sovereigns normally do okay but I just hope they don't over cook it, we will likely see a  new shield/coat of arms proof sovereign in 2023 or some point in the future I really would not want 3 in a row, a simple George and the Dragon would be good for a few years. 

 

If the mint upped the mintages on collectors coins there would still be demand from collectors regardless.

More coin collectors would get the opportunity to buy the coins at RRP.

The short-term flipping market wouldn't be as noticeable as it can be for popular releases but the coins can still potentially rise in value over time.

I think most collectors know that low mintages don't automatically translate into a financial "winner" and is just one factor that goes into why they purchase a coin.

In the main I would say limiting the mintages just helps the mint sell more coins, it isn't really in the collectors best interests.

21 minutes ago, paulmerton said:

That was a different giveaway.

Ah ok that was the double sovereign giveaway.

You can see that spot prices go up and down and people outside the USA have to worry about exchange rates, but these are macro factors that you can't predict and can't control.

So once you understand the relationship between the pricing of gold and currency fluctuations does it really matter? You're still going to buy gold and it doesn't give you any specific edge when making the purchase.

6 hours ago, BullionBuyerUK said:

We never found out where those went! Not on here anyway 

They released a video of the draw and posted it on this thread:-

I said it 6000 years ago and I'll say it now, gold is in a speculative bubble, you've been warned 😀

Eventually Bitcoin will turn into a novelty item that you pull out to laugh about when people come around your house 😀

Blimey just as interest rates go up to help out savers the government comes in and takes their slice of the pie.

Hopefully most of the general public are clued up about ISAs, pensions and legal tender bullion coins.

2 hours ago, TeaTime said:

Assuming the 1-10 scale will be sub-divided (i.e 7.2 or 8.3) then it's really just expanding the 70 point scale into a 100 point scale, not 10.

That's right, I've seen it with graded star wars figures, they mark them as a percentage.

They also do sub scores like NGC do with ancient coins where they score them on strike and surface.

I would like the grading companies to offer more detailed reports for the grades they give out, like point out on the coin where the scratch is that downgraded it from a 70 to a 69.

18 minutes ago, westminstrel said:

Can you imagine if they do a one-off crowned portrait of KC III for the Coronation Sovereign? 😍

I doubt it’d be “controversial” as it wouldn’t be the regular portrait used for circulation coinage and other RM coins, just a special one-off to commemorate the coronation.

I may have given the RM an idea… 😏

That's not a bad idea, something like have that on the obverse and G&D on the reverse.

I was thinking along the lines of seated in the coronation chair in Westminster abbey, like on the reverse of the 1989 sovereign.

33 minutes ago, pricha said:

Can't say anything bad about customer service. I cancelled this particular sovereign. Got through on the phone immediately and all sorted with courtesy within minutes.  Compare that with other companies who leave you hanging on for hours.     

That's true, to be fair their QC department tends to drop the ball a fair bit, but it is very easy to return the coins.

I don't think the higher mintages for this release is anything unexpected, it's a big event and non-coin collectors will want to spend their hard earned on a piece of memorabilia.

I just fear how many coins they will release over the next year, real fatigue will set in if they release collector's coins in every denomination for every trivial event.

I wonder if there will be some more queen's beast type statues at the coronation and another 10 coin set being released for that as the king's beast?

I like both the designs for the 2022 jubilee and the memorial.

I guess I was expecting to see the first proof sovereign with Charles effigy on it to be in the coronation year in keeping with all the other well known sets.

If you have the right coin it might well be worth sending it to the Royal Mint auction.

I remember looking at the results of the last auction and falling off my chair when I saw an ungraded Kew Gardens 2009 proof gold sold for about £10k, the exact same coin went through ebay for under £3k around the same time.

It seems perfectly reasonable to go from 1-100 instead of 1-70, not sure whether it will catch on though.

Some of the UK grading houses used to use the 100 scale, however they are so unpopular I'm not sure if they even still exist.

47 minutes ago, SilverDrum said:

Sooo..has the 2023 Sovereign design been revealed yet? 

Yes, just the same design as this one but they've changed the crown the lion is wearing over to Charles one, put up the price of the 1 sov by £100 and increased the mintage by 70%.

Any takers? 😀

CAC also another name for the French stock market 😀

The green bean doesn't really get mentioned in the UK and NGC seem to be the biggest coin grading company over this side of the pond.

I would imagine there would need to be a really compelling argument for someone to send all their slabbed coins off to CAC to get them re-graded, sounds like a really expensive and time consuming task.

3 minutes ago, Paul said:

Once George and dragon becomes the norm again for a decade or so 

Different privy every year just to troll those completionists 😀

I'm still in shock that you can get the five coin set from the Royal Mint (76 still available) and Chards, how that didn't sell out in 15mins flat is difficult to comprehend!

6 minutes ago, Alz111 said:

My manager didn’t tell me but it’s a two coin memorial sovereign set 

The mintages are so high for the 1 sov you'd expect that to be one half of the set.

1 hour ago, AurumArgenti said:

Its king Charles birthday today he's 74. You'd have thought they might have released the sovereigns today?

They missed an opportunity to do a SOTD sovereign right there 😀

16 minutes ago, foinikas said:

Where did you read that there will be another special reverse next year?

I haven't read that anywhere, it seems quite a logical thing to happen.

It seems like the question is more like is the royal mail fit for purpose?

It can certainly be improved that's for sure.

Why don't they do the insurance based on the value of the goods the customer declares the package to be worth? Then people would pay a fairer rate for the insurance and the Royal Mail can pay an insurance company to take the risk with a little admin fee for themselves.

I also noticed when I put in a claim for a missing parcel when I sold something on ebay, the process was straight forward up until the point they posted me a cheque as a payment for the successful claim, the year is 2022 not 1922, what happened to bank transfers?

A postman in my area told me they haven't even got a sorting machine in their delivery office, so they still sort everything by hand, apparently they did have one and then it got shipped off to another area.

Seems like a bit of modernization wouldn't go amiss!

18 minutes ago, Allgoldcoins said:

I think if the JC design is correct from a few pages back, the mint caught us all out. I spent ages replacing the Queens crown with the Kings Crown which most of us had presumed would be present on the Royal Coat of Arms. So in theory by still showing the QEII cpat of arms it becomes a Memorial Sovereign - I think?

That would be a very subtle tribute 😀

I think the gazette proclamation said it would be Charles coat of arms, so we all just naturally thought that.

I guess all will be revealed in a few days!

2 minutes ago, James32 said:

Does seem a strange choice, but could refer to a memorable event rather than a celebration of a deceased person?

That's what I initially thought, it's a memorial coin for Charlie boy taking the crown, but in the write up on the website they actually say it is poignant tribute for QEII and wouldn't that be a commemorative.

Possibly the Royal Mint marketing team have tried to play the QEII sympathy card to sell this one and not realised what is on the product 😀

My money is on "The Coronation Sovereign 2023" to be released in May next year with a special reverse.

Is anyone else confused as to why the Mint are calling these a "Memorial Sovereign"? There is nothing about QEII on them.

2 hours ago, GoodAsGold said:

So the Harry Potter coins are still not sold out after 3 weeks?  That only tells me that the majority of Harry Potter fans prefer books to coins. You cannot make sales comparisons between a novelty coin minted in a blip of time in Royal Mint history and the Sovereign which was introduced in 1489. Would a similar sales scenario be the case in book stores if JK Rowling brought out another Harry Potter book? Absolutely not. 

My daughter was such an avid Harry Potter book  reader that she was annoyed after seeing the first film and seeing what content was cut out of the book. I don’t think she watched many more. She owns 2 first edition books yet when she saw the coins she laughed. Kiddy fodder. That says it all in my opinion.

I think those Harry Potter coins are aimed more for the gift giving market than for the hardcore Potheads or coin collectors.

The Royal Mint must have paid a pretty penny to put that franchise on coins!