BackyardBullion

Why I'm DONE Buying Gold At All Time Highs - But Should YOU Avoid Buying Gold Too?

FORMAL STATEMENT BY THE ROYAL MINT STARTS Firstly, we would like to thank you for bringing these issues to our attention. We understand the concerns raised and welcome the opportunity to address them directly. The Royal Mint strives to provide customers with premium products and services, and we would like to reiterate that we take all customer feedback seriously. We have a responsibility to ensure that we provide our customers with quality, authentic coins from reputable dealers. As such, our pricing reflects a variety of factors, not limited to but including, rarity, condition, their historical significance, demand, and grading, as well as packaging and presentation. Before establishing a retail price, The Royal Mint carefully reviews price guides and market trends. As we source our historic coins in large volumes to ensure we can make enough available for customers on the website, our pricing model is quite different to dealers selling small volumes or one-off pieces. We are unable to compare or offer comment on valuations provided by external sources. With regards to specific issues raised with products such as the Victoria Young Head Crown, we have taken this feedback and are working to ensure that our website imagery is a more accurate representation of products available. We always want our customers to make informed decisions before purchasing. We are always working to review and enhance our historic coin offering and we are taking your feedback on board. As a trusted brand, we acknowledge that there may have been instances where we have fallen short of meeting our customers’ expectations. However, we would like to reassure you that we are committed to improving customers' experiences. ENDS Your thoughts on a postcard please....

So, progress in some ways, but really ultimately not that meaningful. A lot of these sets will just never sell regardless. Maybe part of this is them trying to save face. I can 100% guarantee they would not reduce any sets that have sold items from.

Ooh, really? Which ones?

Which video, there have been many!

Well, I have enquired with my account manager what is the expected delivery of my order. The thing I hate most of all about The Royal Mint is that you just never get any communication from them on this. You order, pay and then just have no information. Their online order CRM system is literally useless too. Very frustrating

Why would they cancel the 5 oz? I haven't had mine yet and so many toys would be thrown out the pram if they cancel!

Royally Screwed Update - This Is How My Call With The Royal Mint Went...

My thumbnail for today's video. Publishing at 5pm Not my full results, just feedback about the call. My full video including responses from The Royal Mint will come out in due course, I am expecting some publishable statements from the royal mint next week to include as responses to our observations.

Is This A Silver Metaphor For The Modern World? - The Portrait of Dorian Gray by @lithuanianmint

At least it's not as bad as this. Christ, my eyes!

Back up live at £1125

It's not the worst britannia design, I will give them that. But.... I don't like it enough to even buy it for £450 at a later date!

Confirmed by the press office it was a listing error. Listing taken off sale and is being looked at.

Oh don't worry, I have screenshots 😜 Probably won't make a video on it though. Mistakes happen, but how they happen at an organization like this is beyond me

I hope that's "no longer available" because they messed up rather than 500 unsuspecting people bought them at that price. I have reached out to my contact at the press office for some clarification

I think they have realized their mistake

Honestly, you can't make this up. Royally screwed video likely due me thinks.

I would guess that for £200k you can get better value buying directly. Difficult one for me to make a video about showing some reference sales though, do you have any?

This won't hang around long. Guaranteed

All Time Highs For Gold, Silver & POSTAGE - What does this mean for our Silver & Gold Investments?

Well, I had the call. I will be sharing much more in due course. To quickly summarise for those following. Some good things and some good feedback to share. But, also a little bit of "everthing is fine" in some areas. I don't quite know what/how to think about everthing right now, I am still digesting it all.

Just to add, ownership of these 2023 versions will give first right of refusal for matching serial numbers for 2024 editions later this year.