GoldStatue

The figures would remain unaffected, they can just scrap the duff coins and issue the replacements. Whether the RM would go to the trouble of doing that is another matter, but at least they have the option to do that while they're still producing the coins.

I guess that's good news for people looking for replacements from the mint, more of a chance they will replace a coin with a fresh one seeing as they're still cranking them out.

100% get a replacement!

I'm sending mine off for grading, flipping them seems a lot of hassle so I'll HODL them in my collection after that.

I thought a 5 sov was big but a billion sov, wow 😀 I guess it's no great surprise that they are using the same design on the bullion sovereign. I'm definitely going to get a few I'm just in two minds as to whether to buy them now or wait until later into next year and see if the gold price goes down. Does anyone know when they're likely to go on sale?

You also have to bear in mind that the RM are currently only doing the special reverses on the king/queens jubilee or on the odd occasion there is an anniversary on the design of the coin itself. There's no guarantee they will stick with this formula, but say they do, you can't name many reasons to do the special design between now and the next monarchs silver jubilee in 25 years time. Maybe the queen squeezes in another jubilee and there's a special reverse for the shield back design and a potential coronation sovereign, it'd be a long wait after that.

Surely it can't be for the great engravers, I'm not sure if anyone knows who came up with that design all those years ago 😀 It has to be a new series!

Yes the WWI sovereigns were sent to the US to pay for the war effort, at the time it was US policy to melt foreign currency down so very little of it survived. For the Victorian era sovereigns people know the mintages but basically guess the survival rate, they had a different attitude to coins back then so they were used as currency or put in jewellery and not generally looked after like the coins of the modern era.

WWI basically killed them off as a coin in circulation in the UK and then we left the gold standard in the 1930's, which decoupled the intrinsic gold value from the value of the pound.

Blimey one has already been returned for quality issues 😀

Excluding, it's was quoted as 13,040 for the full mintage earlier in the thread.

I see the full sovereign has changed to awaiting stock now, I assume that means it has pretty much sold out. 10k sovereigns sold in 2 hours, not a bad mornings work for the RM today.

I was just looking at that picture on their website, surely they have missed off the 2017 special reverse? Bit of an oversight there 😀

So is coin connection, be interesting to see if the RM is out of stock by the end of the day.

Forget that!

Cool my purchasing is all done! One from RM and one from Chards. The RM is taking the whole artificial scarcity selling model to a whole new level here, they could have easily sold twice the mintages they have put out today. Just to think this is just the first platinum jubilee coin they've put out, there's going to be a ton of them over the next 8 months 😅

The mintage on the 5 coin set is criminally small, they're usually 5500 for the reverse sovereign years, it's 700!

I'd imagine that it is going to be unique to this coin as the current monarchs effigy always has to be on it. With the 1847 crown Queen Victoria's noggin is an integral part of the design so they didn't have too many options other than to make it a two coin release.

Imagine if they did something crazy like create different mintages for the obverse and reverse 😀 I think it's going to be a bloodbath no matter what, after what happened to the Una and the lion prices the world and his dog are going to be after one of these.

Some people grade their coins and if they get the grade they want then sell the packaging on ebay. I've seen some original mint packaging going for nearly £100, which I would imagine would pay for the initial grading of the coin. I can only think of the one reason why someone would buy the packaging and that's to crack open lower grade coins and sell them as raw. It's like like a whole market has been created as a by-product of people chasing the perfect grade in coins.

I know with wedding rings different coloured gold goes through periods when it is popular and not so popular, rose gold one decade and white gold the next decade, so who knows maybe a new marketing director comes into the mint and we get a purple sovereign 😀

The grading market in the US seems to have developed in an odd way with the take up of CAC, I'm not sure why you need another company to give the OK to the grades given by NGC and PCGS to realise the full value of the coin when you go to sell it. It's always going to be the case that it's buyer beware, in most cases you are always going to need a certain level of knowledge of the coin condition to make sure it matches the grade on the slab before you pay out the big money.

I knew we had to harmonize our VAT rules on gold with the EU and basically that is why they got rid of it. It looks like the government are going after income tax rises at the moment to fill their treasure chest, so VAT on gold probably wouldn't bring in enough to fill any budget holes. They'd probably tax peoples pensions if they were really desperate. I can see them re-introducing VAT on gold if peoples behaviour changed and everyone stopped spending and started saving in gold instead of currency.

Prince Charles does have overly large ears, I'm a bit worried about the amount of gold they're going to need to mint these sovereigns 😀

There's probably quite a few nice condition godless florins out there because of how many were made back in 1849 and the metal it was made out of. It's always going to be a popular coin because of the Queen Victoria portrait and the history but no way is it a coin worth four figures. Most likely two people going mad at the auction and the NGC population census not accurately reflecting the real world volumes of the coin out in the wild.