Numis65

19 hours ago, FlorinCollector said:

Correct it is a joke. I can’t do anything about it just got a ruined coin thanks to them. 

I would not totally give up on this at this stage.  Whilst it may be a longshot,if you have a photo of the coin that was submitted to NGC and it had no corrosion on it then and came back with it , then on the face of it , this will have happened whilst they had it and they owe you a duty of care in handling it. You , or if it was submitted through a dealer, the submitter should I suggest write to the CEO of NGC in a measured and unhostile tone, expressing your/their extreme disappointment at what has happened , that you have used them a lot satisfactorily in the past  (if that is the case)and saying that you expect to be reimbursed for the damage that has been caused to the coin whilst it was with them and that they have not complied with their duty of care whilst it was with them.

They will obviously resist and blame anyone else they can and assuming that they respond negatively to your first approach , I would suggest following this up with a threat to draw attention to what has occurred with the coin media, which you might eventually want to follow through on if they do not play ball. 

As I say this is a longshot but for the sake of a few letters/emails it may be worth trying. 

In terms of what they might eventually offer you , if at all, I guess that it they will not give you the resale value but might give you what you paid for it.

You could also at the same time contact the RM as a customer of their's and ask them what they think might have caused the issue given that they have metallurgists working for them.

A friendly dealer eg @ Lawrence Chard , might have a better suggestion!

Good luck

Has anyone received a 5oz Silver Gothic Portrait yet and if so any condition issues of the sort experienced with the 2oz?

On 10/02/2022 at 14:35, LawrenceChard said:

Does this look better in silver than in gold?

?

Haven't seen them both in person and difficult to judge from a photo, but the frosting on the Three Graces Silver was stunning and even better in some ways than the gold.

Looking at the results it seems that prices have softened for the larger Silver 3G  particularly the 1 Kilo but the 20z held up reasonably well

6 hours ago, NewCoins said:

A well known coin dealer offered me 1100 for my 2oz silver NGC 70 today. I appreciate they need to make a profit, but I am not willing to go that low

 

 

I don't blame you,it sounds like at least a potential 100% profit margin for them .

30 minutes ago, NewCoins said:

What would people think would be a reasonable price to sell a 2oz ngc 70 silver ? Probably looking to sell mine in the coming days but looking to be realistic and would like to avoid ebay. 2k? 3k? And more importantly avoiding ebay where would be the best place to sell without getting your eye balls taken out?

Alternatively could just sit on it until everything settles down.

Any thoughts appreciated.

You could try one of the dealers like Chard or the London Coin Company but obviously they need to turn a profit,  at least it would give you an indication . Otherwise ebay would give you the quickest return. Whether to sell now  or not is very subjective -the old "fear versus greed "conundrum (not that I am suggesting that you are either!) Personally I am more on the former and would rather take a smaller turn now than hold out for a bigger one in the future which may or may not materialise. As has been pointed out there are going to be an awful lot of PF 70s around which will affect the price downwards in the short to medium term, although there may be a renewal of interest when the next Great Engravers coin is released, provided that issue a success. Good luck with whatever you decide to do. 

19 hours ago, Paul said:

think there will be a flood of 70s hitting the market when the bulk of them return from Trumpland

Only so many will be allowed in these coin auction sales each time so overspill will appear on FleaBay 

are there 900 collectors around the world willing to pay £4k ??? doubt it personally

Dont think it will be like for like comparison for the Una & Lion for values in the early days personally

The Britannia Coin Company which seems to be one of the leading dealers in Three Graces , has  2oz PF 69 Silver listed at £1895  (with 5 in stock) and raw at £2750 (with 7 in stock )

6 hours ago, AndrewSL76 said:

The 10oz is the same diameter as the 5oz, just double the depth. Essentially, it is a piedfort £10 as both the 5oz and the 10oz are denominated at £10.

Good luck to all those bidding this afternoon! I have a few things in my eyeline and have placed some initial marker bids, none of which are the various iterations of the Three Graces!

Likewise I think that the 2 Kilo Silver is the same diameter as the 1 Kilo ie 1005 mm. Personally I wouldn't pay much more for that added weight.  I don't know if others agree  (and not to do down the 10oz) but when it comes to aesthetics in the silver it is the diameter that is the main driver for me  ie an ideal set would be  2oz, 5oz and 1 Kilo. 

 I would take it out of its slab and enjoy it as a thing of beauty. 

On 11/04/2021 at 19:43, MancunianStacker said:

I would have paid £8k for a 10oz last week then the 1kg launched so people are comparing weight and mintages in this space. 

Has anyone seen a 1Kilo in the metal and if so do the Three Graces work well on such a large coin? 

On 12/04/2021 at 08:14, terakris said:

IMHO you know its not a 70 grade coin, and most of these would have NCS already im sure but with a raw coin you could take the gamble and get a 70. I dont think there is going to be as much an uplift with these compared to the unas especially with all the 70 grade coins coming out of NGC atm. I wouldn't be surprised if these are selling for sub 1500 in a couple of months.

On the Raw versus 69 graded sometimes its better to travel hopefully than arrive!

On 06/04/2021 at 19:15, ExpatBrian said:

The mintage is 100.

Considering a 10oz 3G is selling for roughly £10k and has a higher mintage, the 1 kilo is a bargain in comparison.  LPM has exclusive rights to the 2kg and that is selling for about £28k (mintage of 50). I would have thought the start price on the 1 kilo from BCC would have been higher... I do think they are listing it at fair market value.

@ExpatBrian, apparently your view was shared by lots of others as the vast majority are already sold.

9 minutes ago, ExpatBrian said:

The mintage is 100.

Considering a 10oz 3G is selling for roughly £10k and has a higher mintage, the 1 kilo is a bargain in comparison.  LPM has exclusive rights to the 2kg and that is selling for about £28k (mintage of 50). I would have thought the start price on the 1 kilo from BCC would have been higher... I do think they are listing it at fair market value.

Apologies for the misinformation on my part.

16 minutes ago, louisfinlay said:

In a few months this might seem like a bargain considering how much a two ou c silver goes for currently.

All power to those who can manage one of these at this price but imho it seems an awful lot to pay for a modern silver coin with an issue of c 150 however stunning it may be and notwithstanding that per oz it is cheaper than the smaller equivalents and has  a lower mintage .

On 01/04/2021 at 22:24, Allgoldcoins said:

Seem a little expensive to me, I would sell my 5 oz silver for $6000 - they are not giving the coins away that is for sure.

2 kilo isn't a coin its basically a brick, there has to be a limit to what is a coin somewhere? 

Is there any news on when the I kilo silver will be issued and what the mintage will be ? Presumably it won't be available from the RM  ( at least it is not listed there) but from its Sovereign Rarities "branch " as we now think of it?

On 25/03/2021 at 18:29, Frenchie said:

Just to update the topic, if someone missed the 2oz gold Una, here is your chance to get it at a friendly price, hurry up !

https://britanniacoincompany.com/buy-coins/proof-sets/2019-gold-2oz-una-and-the-lion/

 

Would be interested to know how much a  good silver unslabbed 2oz RM  Una goes for nowadays? All I can see is someone on ebay selling the Three Graces and Una coins together

23 hours ago, goldhunter said:

Received  an email today from Sovereign Rarities about their new fixed price listings.

One was for a 2oz silver proof 3 Graces with a first day of issue label.

Asking price was £4800.

When I looked for it on their website it had already sold.

I believe Sovereign Rarities are an arm of the Royal Mint. This would explain how 50+ two ounce silver Graces where graded so fast by NGC.

They must have been retained by the Royal Mint and excluded from the website release last month.

 

 

Not sure what what qualifies a coin like this for a First Day of Issue label . Given that these are proof non-circulation coins that sold out within an hour or so of being launched, aren't they all First Day of Issue? cf stamp first day covers. Looks like a marketing ploy to make them seem more exclusive than all the rest. 

30 minutes ago, Numis65 said:

Interesting tie-up . I suppose that it gives RM a channel to source old coins which seems a developing part of it business and to sell new ones at prices that it might not feel able to do publicly direct.

For anyone who is interested(!) apparently RM holds around 23% of Sovereign Rarities , which itself made £1m of profit last year. Likewise , for those so inclined(!) the front end of RM accounts for last year make quite interesting reading .

https://find-and-update.company-information.service.gov.uk/company/06964873/filing-history

4 hours ago, Paul said:

https://www.royalmint.com/aboutus/press-centre/the-five-sovereign-piece-2017/

" The Royal Mint invests in Sovereign Rarities

06 Jun 2017

The Royal Mint and Sovereign Rarities are pleased to announce that The Royal Mint has made an equity investment in Sovereign Rarities Limited.  The decision by The Royal Mint to invest is part of the business’s 5 year plan to grow in the collector services market.

Sovereign Rarities is a London based numismatic dealership, comprised of a team of numismatic specialists, collectively with over one hundred years of experience. Sovereign Rarities is a proud member of the British Numismatic Trade Association (BNTA) and also works in conjunction with museums and other academic institutions and societies to promote the study of numismatics.

The Royal Mint has an unbroken history of minting British coinage dating back over 1,000 years. Anne Jessopp, Director of Consumer Coin at The Royal Mint confirms “The collaboration with Sovereign Rarities Limited supports the strategic direction in which The Royal Mint is keen to progress.  Both our businesses will be working to accelerate opportunities within this specialist area”. 

Ian Goldbart, Managing Director of Sovereign Rarities commented, “I am delighted to welcome The Royal Mint as a shareholder. It makes perfect sense for us to strengthen the tie with The Royal Mint, especially as a substantial proportion of the coins we deal with were in fact produced over the last 1,000 years by The Royal Mint”

Interesting tie-up . I suppose that it gives RM a channel to source old coins which seems a developing part of it business and to sell new ones at prices that it might not feel able to do publicly direct.

I agree , slabbing for selling on (depending on the premium/cost) but not if you are keeping particularly for the larger size coins that you might want to display from time to time -if anyone does that apart from me?  Although if I was buying  in the after-market  privately from ebay I would feel more confident in buying a slabbed coin, especially as most sellers don't allow returns 

Its very interesting to compare the posts on the early pages of this subject when people were  wondering whether or not to go for these coins  and whether they would prove a good buy ,to those more recently . Maybe a lesson to all of us there. 

On 23/03/2021 at 15:41, SilverJacks said:

But with the increased popularity of collecting in general, the low mintage, global appeal, there will always be a market for a 3g... Whatever that price may be...

And there's more to come from the series. We don't know for sure when the peak of its popularity will actually occur

Idk, I'm just optimistically speculating that this entire series can stay strong

With such a stunning design  (maybe to some tastes even more exceptional than the Una ,which itself is a very attractive coin) these are always likely to hold a premium over the issue price. I am less convinced that the very high premiums at which the silver coins are now being traded will remain in the long term , with quite a few of these being issued and the Mint maybe milking their popularity by issuing so many different size versions .

If only 10% of the 3000 2oz  coins are flipped, that means 300 coins that need to find buyers from those who have not already got one. I personally will be keeping my Three Graces to enjoy as a thing of beauty but if I was tempted to sell I would consider doing it sooner rather than later .

Just my opinion and of course I may be wrong.  

On 28/03/2021 at 18:17, Chrisplym said:

I am lucky enough to have the 2oz, 5oz and 10oz silver Three Graces and totally agree that the 10oz is in a league of its own.

It would be really interesting to see a photo of the 5oz and 10oz side by side

I heard from a dealer that a lot of the Three Graces  are being bought by buyers outside the UK , particularly Japan. 

Good one !