foinikas

54 minutes ago, GoldDiggerDave said:

Yes 14th feb for singles set are treaded differently as and when they come out! 

I am waiting for my 5-coin set which i was hoping on grading with First release label. Do you or anyone else knows how i can send them coins as a set to be eligible for First Release label?

Does anyone has any information about first release cut off dates for NGC for the various denominations of the memorial soveteigns? Will it be the same for 1 sovereign and the 5-sovereign proof?

Maybe it will be the petition crown ! I hope it will be that one! 

I guess the full sovereign proofs are sold out now!

finally 🙂

Memorial Sovereign is another masterpiece from Jody Clark. One of the most talented great engravers of our time. When people get the coins in their hands they will realise that. I think the design will look stunning on the proof 5 Sov. Too sad that the RM did not sell the artwork as they did with the Platinum Jubilee.

Always buy the coins you like and you cannot go wrong. The design on this coin is amazing to say the least. One of the most beautiful sovereigns out there designed by the legendary engraver Jody Clark who made the Britannia 2014, the Queens last effigy and the Queens Beasts and Completer coin! People who will miss out and future collectors are going to be looking  for these coins. Mintage numbers are higher than before but not the highest of special reverses. This was not advertised well, actually really badly as they sent an email 1 week before release and that was it. Higher mintages and higher prices all contribute to slow sale, HOWEVER, i must say that all sets were sold out by lunch time and then in the afternoon RM decided to add more (even though they actually wrote “sold out”).
These coins are a part of history, a wonderful design and the first sovereign of the new King. I have no doubt in my mind that these will appreciate very well in the long run. I am glad i could buy the 5-coin set as this design will be a stunner and i am sure will be one of my favourites. 

14 hours ago, GoldStatue said:

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.

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

2 hours ago, JeffM said:

I certainly hope so!  I’m getting tired of the 2022 jubilee design.  Not sure if I read it on here , but is the 2022 reverse supposed to be exactly the same or will it be different?

Theres a new design, it is already been leaked in TSF and other places.

I will argue that the price of the 5-coin platinum 2022 proof aet in pf70 sells around £8500 give or take. I have seen many sales around that mark the last few months mostly on direct sales but if i remember correctly also on some auction houses. 
Having said that, i cant wait to buy the new 5-coin set for my collection. If i could get my hands on a second set and graded and got pf70 in all, (considering a fast sell out) i am guessing the price would range around the £7500 mark. The design is so amazing that there is a chance this would be desired as much as the platinum Jubilee set. I think time will tell, but this is my prediction.

3 hours ago, refero said:

what do you guys think about 2023 full sovereigns?

will be the 2023 sovereign (the proof one) part of the coronation set, or the RM will just take again advantage of us poor innocent collectors and mint a 2023 proof sovereign AND the coronation set (which will include a different proof sovereign?)

 

Isnt the 2023 proof sovereign supposed to be G&D reverse?

5 minutes ago, SheepStacker said:

I think all the Queen's Beasts are Jody Clark.

Yes and many more

The design is the best i ve seen the last few years.  Maybe the most beautiful sovereign design. I love Jody Clark, he is one of the best coin engravers out there in my opinion and i am collecting his coins. I am definetely buying whatever i can get my hands on on Tuesday! Will aim for the big set as i think only the £5 will really do justise on the beautiful details on this design.

The demand will be very high and i dont think these will last more than a day or two.

Even with the increased prices, once these sell out, will be hard to get them at RRP again.

The design will be a shield similar to the platinum jubilee, but i have heard it will be so much better and made from a well known engraver!  I am very excited as design is a very big deciding factor for my purchases.

if anyone has the design please share it with us 🥹🥹

47 minutes ago, Colnago said:

Speaking to the supplier i have bought from previously & they stated the mintage was higher for the forthcoming release of the 2022 memorial Sovereigns 

5 coin set 1200 £5595

1 Sov 17.5K £695

expected delivery Jan & the 2023 coronation sets & Sovs ordered April/May 

Mintage numbers seems to be higher to meet demand. I am pretty sure these will be quick sell out (within few days).

23 minutes ago, kimchi said:

I thought they would go to £675 myself (as crazy as even that sounds to me, as I roll it around my bonce) but wouldn't be surprised at £695 at all.

Good news for all the recent most desirable QEIIs of course (though I'd argue that is most of them).

Shocking how they can (and do) change 'past, sold out' prices to make it look like new releases are no different.

Indeed, they should leave the actual prices of past coins, but if they do it people will realise the 15-20% increase from last year. 

8 minutes ago, BiigT said:

I got an email saying I could pre order with the company I ordered my jubilee coins from. The same email said that they expect the sovs to be released in November, but it didn't mention anything about a long wait for production. 

I've paid a reasonable deposit which is refundaboe without question until the day of release and a guarantee that I won't pay more than the mint is advertising. My thinking is that we might find out mintages before the release date and that'll help me make my mind up ie high mintages and I won't bother, or unlimited mintage and an open window to order - again, I won't bother. 

As it's the new king and the first of his sovereigns, on a design specifically for 2022, I am interested in the lower mintages this time round. So a 5 coin set is on my list, but as Dave said, only if the mintage is sub 1000.

I believe mintage will be higher. They will try to meet on demand and the demand will be very high, higher than the 2022 sovereign when it was released in my opinion. I hope the deaign will be nice

8 hours ago, GoldDiggerDave said:

While you lot are talking about I’m waiting on the queue-it system.  
 

1 proof full sovereign will be best part of £650

I can see the 5 coin sets £5,300-£5,500 

I’m basing this on the recent RM price bump, we will see higher mintages so it’s a case of price vs mintage for me anything more 1000 5 coin sets might just put me off. 

 

I think it will be slightly higher than that.

sovereign 2022 showing at £695 on RM website so i am guessing thats the new price

Yes, the Royal Mint will want to monetize on the ascension of a new King, but as this is such a special event, i really do not understand why not everyone is welcoming this new design.

We are lucky enough to have the opportunity to purchase two special reverses in two consequent years. This is something to celebrate!

There will be plenty of years to buy the standard reverse for people who are happy to buy that every year. 

I am very excited for this release and hopefully they will keep proof coin mintages within a good range (not very high mintage).

I have the completer coin in bullion and proof gold and silver editions in various sizes and i can only say, its on of my favourite designs. So glad RM released this. Hope they do it with Tudor Beasts as well.

Will it be the exact same reverse design as the 2022 sovereign? What do you expect regarding maximum coins mintages?

4 hours ago, Paul said:

Welll everyone paying over the odds for plastic coffin 70 silver, needs to prepare for all silver tarnishing and changing as the years tick on. A ,graded 70 today, in 50 years time will look like ???? 

The slab is much better protecting your coins than the capsule. Most of us have dropped capsules at some point i am sure 😂

On 27/09/2022 at 14:47, dikefalos said:

The EIC Masterpiece collection is a great alternative to the RM Great Engravers series. I just don't like the 3G release of the EIC, really flat relief and the graces are looking somehow strange. The Una Lion restrike by the EIC is stunning and I didn't regret the purchase at all.  I received my EIC St. Helena portrait and it looks not bad. RM original restrike (Mr. @LawrenceChard, i'm learning) does have a higher relief and sharper details. The EIC coins still are looking good, no quality issues and have a bigger diameter. But if I had to choose my personal favorite of all UK Gothic Crown restrikes, I would take the Commonwealth Mint issues without second thinking. The QEII young portrait alone makes this one outstanding IMO. 

I wouldnt buy anything else tha  Royal Mint on british coins. Unfortunately coins from the other mints dont usually hold on their values and most of the times you will lose money when you sell.

On 28/09/2022 at 16:51, Paul said:

not sure, ive not bought from CC since they introduced the buyers premium

i think it is VAT on just the buyer premium part @ 20%  

£5000

BP @ 6% = £300

VAT on the £300 @ 20% = £60

Total to pay £5360

i think ! 🙄🎖️ someone correct me if im wrong please

Unfortunately the coin in discussion was full of milkspots (despite being a pf70).

For me grade is not just a number, i always check carefuly the photos of the coin in sale. If there is a very small milkspot or imperfection i might still buy if i like the coin, but i would never buy a pf70 full of milkspot as i know the coin might be a pf67-69 and is worth half of what is sold for..

The highly anticipated Great Engravers Silver and Gold bullion bars have been available for pre-order on 24th May.

This is the 2nd in the series as most already know, what are people thoughts on the design ?

mintages are pretty much the same like Una & the Lion.

I like the design, although i think Una & the Lion is better. Maybe when i see the bars in person i will like it more (usual case with all the coins i buy 😂🫣)

5 hours ago, Heirlooms said:

Cool thread, followed. One that should be updated every so often. The Gothic Crown Arms is a 2021 coin (above says 2022). The Gothic Crown Victoria can be added now which is 2021 as well even though it was dispatched in 2022. Also think the 2oz gold Completer should be added. Only seen 1 at auction on heritage which went for $19,200 (image attached)

This coin is on my bucket list! I will add it to the list, although it will be rarely seen for sale due to its rarity

On 27/12/2021 at 23:40, foinikas said:

So i think it will be a good idea to predict and monitor the prices of certain coins, to see how they fare in the future and help us all make better choices when buying new coins. I made a list of coins that i am interested in, please feel free to add more.

To keep everyone on the same page, all coin prices must be in £ and valued on a pf70 grade. Prices should be calculated at average prices sold on auctions 

below are latest prices the coins are selling for on 27/12/2021

2019 Gold Una & The Lion 2oz £59,000

2020 Gold Three Graces 2oz £17,500

2021 Gold Completer 1oz £4500

2022 Gold Gothic Crown Arms 2oz N/A

 

1989 1 sovereign £1900/ 5 sovereign £6500

2002 1 Sovereign £700/ 5 sovereign £3000

2005 1 sovereign £700/ 5 sovereign £3000

2012 1 sovereign £1400/ 5 sovereign £6,500

2016 1 sovereign £950 / 5 sovereign £4,500

2017 1 sovereign £1000 / 5 sovereign £5,500

2022 1 sovereign N/A 

 

2014 Britannia 1oz £7,500

 

At what price would you be able to purchase each coin above in 2030?

 

 

 

 

 

 

Hi all, time for an update on coin prices!

Update April 19th 2022

There seems to be a downward trend the last few months on the prices achieved in auctions of the new modern coins sales, especially on silver coins. An exception is for the proof sovereigns which, not surprisingly, are doing very well on the auctions, ebay and facebook groups! For the rest of the modern coins, It seems that Royal Mint have been releasing too many coins and the collectors (and other buyers) have run out of steam and cash. Many flippers did not manage to sell the coins easily for a quick profit and panicked undercutting each other out and driving secondary prices down (this can be seen at the Gothic Crown silver portrait secondary prices selling at release prices). Many popular series like proof Britannias 2022 did not sell out on most coin denominations (with very high mintages that the RM in all their wisdom decided to have not helping) and the new promising “Monarch Series” latest release King James I  experienced a similar thing (The RM decided to partner with Heritage Auctions and give the 500/600 1oz proof gold coins in pf70 for exclusive sale, leaving only 100 coins for us mortals). Only the 1oz proof silver has sold out in a few minutes due to very low mintage of approximately 1250 coins. 
RM is extremely slow on new coin deliveries, sometimes taking over a month to send the coins out, however it seems that they have improved their quality control in the last few coins, at least to my experience.
At the moment, the covid situation seems to be fading away, although the inflation is at very high levels affecting prices of all goods. The war on Ukraine is also not helping the global economy and hopefully it will end soon and peace will prevail. People seem to be more reluctant to buy as all the above reasons are having everyone wanting to save some cash just in case things go worse.

Below the update in prices from recent sales and auctions. 
CC= Coin Cabinet Auctions,  HA= Heritage Auctions, Ebay= Fleebay 🤣

PF70 Sales: 
2019 Gold Una & The Lion 2oz £59,000 ➡️ No new sale

2020 Gold Three Graces 2oz £17,500➡️ £13,500 (source: CC= Coin Cabinet)

2021 Gold Completer 1oz £4500➡️ £4500 (ebay sold over £6000 but most sales in groups around £4500)

2021 Gold Gothic Crown Q.Arms 2oz➡️ £8500 (CC)

2021 Gold Gothic Crown Portrait 2oz➡️ *£8500 (only raw and pf69 sales of around £6500 achieved)

1989 1 sovereign £1900/ 5 sovereign £6500 ➡️  1SOV £2000/ 5SOV £7500

2002 1 Sovereign £700/ 5 sovereign £3000 ➡️  1SOV £750/ 5SOV £3100

2005 1 sovereign £700/ 5 sovereign £3000➡️  1SOV £750/ 5SOV £3100

2012 1 sovereign £1400/ 5 sovereign £6,500 ➡️  1SOV £1200/ 5SOV £6500

2016 1 sovereign £950 / 5 sovereign £4,500 ➡️  1SOV £850/ 5SOV £3300

2017 1 sovereign £1000 / 5 sovereign £5,500 ➡️  1SOV £1075/ 5SOV £5500

2022 1 sovereign N/A ➡️  1SOV £900 / 5SOV £5750

2014 Britannia 1oz £7,500➡️ No recorded sale

There were many good deals for buyers in the past couple of months auctions done by heritage and CC, as the prices achieved on most coins were below fair market value due to the reasons above but also some auctions were taking place in bad auction days (mothers day) where most of us where busy and could not bid on the coins we wanted.

What do you all think the market is moving from here onwards?

Would you like to monitor some key or popular silver proof coin prices as well? Please comment and let me know.

Thanks