-
The above Banner is a Sponsored Banner. Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.
BullionMole
Reputation Activity
-
BullionMole got a reaction from Becca in Three graces coin
Fantastic response - thankyou.
From reading the forums I've learnt to monitor spot prices, which coins are/aren't subject to CGT etc. and I was just fascinated as to why these were so popular (66 page thread!). So thankyou for shedding some light on it. I appreciate it.
BM
-
BullionMole reacted to Becca in Three graces coin
The RM decided to launch a new series of coins called The Great Engravers to commemorate engravers of coins from past years. The first coin launched 2020 was Una and the Lion. They were not launched in massive numbers I think the 2oz silver was 3000 and the gold around 225.
When they were released they were in fact beautiful but the numbers caused a slight problem as every collector wanted one. You have 2 types of buyers, true collectors and flippers. For the flippers this was an ideal situation as numbers of coins were low and demand high so it drove the prices up. Golds hit 25k and graded silvers were making up to 6k, it basically went mental. The mint release prices were £4485 and £180
Now we have the second coin in the series The Three Graces, again small numbers ( 3500 & 325 ) and again a frenzy. This time however some people are sending their coins to be graded as they realise there is a lot more money to be made. Grading takes time and until those graded coins hit auction it is difficult to put a price on the coins in the market.
Hope this helps and I got it right
B
