BOOLIAN

Worthless tat. The premiums are so stupidly high that you would never be able to use them. Novelty items, at best.

2 hours ago, refero said:

Premise; i myself bought the Jubilee, Memorial and Coronation proof, along with the Sotd Coronation sovereign, and the 5 coins coronation set. I am a collector and i will not miss anything i like, as long as i can afford (and to be honest i reached my limit, like many others in the last couple years).

As a collector i buy with the clear intention not to re sell in a (near) future, nor i bother checking if a specific coin appreciates or doesn’t. Once is in the collection is in the collection.

But since the Memorial emission, and after all the comments i read here on the forum, i confess i started checking how these late sovereigns were performing on auctions, on dealers’ webistes etc etc etc.

Straight to the point; Memorial was just a wrong idea. It was something that was “forced” and screwed completely this delicate equilibrium; can you all imagine a world without the Memorial emission?

Jubilee 2022

Coronation 2023 (with all sets, Sotd etc)

St George 2024.

Easy.

Now squeeze Memorial into that, and voilà, disaster. And i honestly dont understand when i read comments like “it will perform in the future, just hold and see etc etc”. No it will not. Where is the problem in admitting it is a failure of a coin, and up to now it has just been an economic loss? We cant predict future, but we can analyze past and present. The market is SATURATED by this coin. (i also dont personally like the adjusted version of the Coats of Army, but thats another story)

First big problem; there are thousands of PF70s. And thousands more will come as people will keep sending them to NGC or PCGS. Total population (considering also sets) is around 20k. Ok RM QC issues, but we are still talking about thousands and thousands of PF70 coins. What creates price is scarcity, and the Memorial will never be a scarce coin to find in highest grade (as well as Jubilee and Coronation for sure but, as said, its been the memorial that created this coin jam…)

Second big problem; people are just getting mad with this slab mania. Certification is not really something profitable (i mean, it is profitable indeed for those who make the slab) when applied to modern coins. One thing is (just to give an idea) having a Ms64 18whatever year sovereign. Another thing is holding a PF70 2020 or 2022 sovereign with other thousand people. On this forum, as in other fora i visit, people buy a coin and send it to slab even before receiving it! Or they receive it and check every single millimeter to find the smallest imperfection and then claim a substitution…. The collector in me cries…what about enjoying the coin first??

Too many coins, too many top pop slabs. How can you honestly think prices stay up?

I strongly agree with @SiCole. I think it depends a fair amount on what TRM does over the next few years. Hopefully, there won't be many out-of-schedule events for them to target with 'special' releases. The main issue at the moment is that people have run out of funds and interest. There isn't really any evidence that these won't be restored with time as things level out and we return to a more predictable schedule. In my view, these releases represent a significant event in British history and they present a really good opportunity for us all to ask ourselves what we want from our collection going forward.

Brilliant.

I'm quite certain that you'll be fine.

I don't think there has ever been a specified carpet-ban on swastikas (or any other Nazi imagery) on YouTube videos/thumbnails, but just a pretty random algorithm that was/is inconsistent, and even if there was the video would just be removed rather than the channel banned. In general, you really have to go some way to get your YouTube channel outright banned. This probably doesn't apply to you but the only known limitation is that the video will probably be demonetised - so you won't be able to put ads on it.

The fact that there are plenty of videos with swastikas in them, varying from games to documentaries, and the fact that this is an educational video is pretty much all the confirmation you need that your account won't be banned.

Ever encountered any issues bringing gold in/out of EU countries @Bigmarc? I'm thinking of bringing some sovereigns back to the UK as they seem to sell for very low premiums in Germany.

41 minutes ago, westminstrel said:

I think you’re being conservative calling that a tiny hairline scratch.

Agreed - if that is actually on the coin then that has to go back.

I take a pretty hardline stance with proofs. If they're not perfect then they're going back.

3 hours ago, LightningSilver said:

I too don't understand why anyone would pay significant money for anything other than bullion at the RM. Surely enough evidence to avoid completely?

Because if you get something you don't like the look of you just return it for an exchange or a refund. It's not exactly a high-risk gamble and some of the resale value (or cultural significance) is far more than you'll ever get from just bullion alone.

I believe the coins in blister packs are only sold by TRM (at least initially). I never see them elsewhere apart from private sale.

No mint limit on the bullion Coronation Sovereigns.

11 minutes ago, Timberwolf said:

Over the last 70 years, which of the two countries has declined and which has ascended? In another 70 years, I imagine India will have less problems than the UK will.

What do you think happened just over 70 years ago that might have played a large part in that decline that India didn't experience as close to home?

I'm not going to continue as I don't want to detract from the original thread too much but if you believe that India is the next China then I really do suggest that you do some research around predictions 50 years ago for India and how they compare today versus China (as a starting point). Projection is 3D, and if it were 2D then Japan would be the number one economy as was prophesized.

Edit: This is a nice little video. It's missing some detail but it's pretty lighthearted & gets across the main points of the argument.

20 minutes ago, Timberwolf said:

The UK is a very different country with Charles as king, compared to Queen Elizabeth II. India overtook us to become the world's 5 largest economy. The UK is in steep decline.

India was once a former colony of the UK. To think that they've now overtaken us.... Again, I just don't see many collectors wanting a piece of 2023 history Britain. QEII however, different story.

I don't really see how this is surprising. Just look at India and look at the UK. I think it's more surprising that we had the Empire in the first place when you consider our native land.

On top of that, I don't think that economy size is really the make-or-break here. India has plenty of systemic, existential, problems that are a lot harder to resolve than a dwindling economy.

I purchased a proof this morning and have refunded it this afternoon. Decided that I'm not too bothered about it as I have the SOTD and know that I'll be buying a few bullion versions too. I might pick up a slabbed proof if the prices later in the year still reflect the current demand.

14 minutes ago, BackyardBullion said:

Will it be the only one with a crown? 

I think all coins will have crowned portraits now won't they?

If I recall correctly they said that it would be saved for 'very special occasions', so unlikely. Then again, TRM use the phrase 'special' very loosely so take that as you will.

Wow, 15000 minted on the full 😆

I was watching this and had to resist not taking it so that I had some funds for Monday - what a price!

I didn't go in the end - figured it was probably more effort than it was worth. Those that went: thank you for letting us know your thoughts! What a shame.

17 minutes ago, westminstrel said:

What is the meaning of “new bids extend the deadline”? Do you know?

For the sake of the example, let's say the extension time they specify is 3 hours. If the auction end timer counts down to 5 minutes left, and somebody places a bid, then it extends the auction by 3 hours. They might have a cap of (once again, let's say for the sake of the example) 3 hours for this, so if that is the case then whenever a new user places a bid... it goes back to 3 hours. This continues until no new bides are placed, and therefore the timer runs out.

That's how I understand it & have seen it work in other auctions.

38 minutes ago, REILsilver said:

Jus to be sure, So a sovereign released from the royal mint is classed as legal tender and therfore cgt exempt?

Yep, Sovereigns minted in & after 1837 are CGT exempt. TSF is the cheapest place to buy 99% of the time. If you would rather go through an online dealer then Hatton Garden Metals' 'Best Value' Sovereigns tend to be the best in price (when also costing in delivery fees).

7 hours ago, REILsilver said:

I did think the same, the government is renowned for not doing what they say, lol.

 So are all uk sovereign classed as legal uk tender therefore not subject to capital gains?

It really is worth emphasising that the word/name 'Sovereign' is not trademarked. Anyone can create a coin and call it a Sovereign - whether that is in the UK or elsewhere. The only Sovereigns worth paying any attention to are the ones released by the Royal Mint.

27 minutes ago, Sc391 said:

SOTD was last week - that headed straight to the safe

Smart! I think it'll be really interesting to see how frequently these appear on the market in a year's time.

Will there be a decent quality inspection done by the dealer prior to them being sent out to customers?

Just now, Upsidedown said:

I'm actually in physical pain looking at this coin and not buying it 🤣

Ditto - I know that I'm buying more coronation sovereigns though in the upcoming release so am trying to show a bit of restraint. I somewhat wish somebody would take this already to make my decision a bit easier! 😆

Unbelievably tempting.

38 minutes ago, Shinus73 said:

It’s entirely understandable if you collect and enjoy graded coins, as I do. No fear of damaging the precious cargo every time you fumble to open the original packaging. To each their own.

Especially with the questionable SOTD boxes. Want to take the capsule out? A bit more focus is required to ensure you don't send it flying.

14 minutes ago, JamesH said:

I was thinking about it but believe there’s a train strike so can’t be arsed

Typical. If there's a train strike then that is me out! I was hoping I'd manage to find a 1998 sovereign.