Stu

20 minutes ago, Samcrewsilverlover said:

Not really sir....just gut feeling..like all of us on here we have our own thoughts..right or wrong..I respect others thoughts and hope they respect mine.

None of us know what the future has entail for us..unless you have a Magical crystal ball........again I respect everyone's views,comments and predictions..all I ask is you respect mine even if you think I'm wrong ....

So I summarised my thoughts and you responded with “you reckon???”  You may wish to re-evaluate this given the values you espoused in your reply? 
Not looking for a fight mate, just a genuine conversation. 

 

1 minute ago, Samcrewsilverlover said:

You reckon?????

Aye, that’s why I wrote it, you have other thoughts? 

37 minutes ago, JeffM said:

It’s amazing how these keep popping up after being sold out.

Perhaps people ordering by bank transfer and not following through? I have ordered2, my concern is if you get the dregs compounded with the no returns policy. Now if the mint would return to sealing them properly there would be no dubiety buying from the independents(provided u get an unopened, sealed product) 

I fear they want their cake and eat it also. 

My concern is why does the mint permit these other releases like the Alderney? Provided they keep production mainly (entirely)  in-house I think long term they will do fine. 
second concern is the mint do another release of the same coin, 10 to 15 years down the line. Not beyond the realms as I think marketing will not give a damn by then, way things are going. If you are a reseller, it won’t matter. 

Ukgoldcoins have 1 in stock again at 799. 

25 minutes ago, FlorinCollector said:

Decided I am not going to grade my 4 coin set. It is the first time I have ever had one and looks great in the box on my desk. Grading prices going up to like everything else I have seen. 

Grade them if you ever decide to sell if grading is still in vogue then. Until then, enjoy them how you like. 

13 hours ago, Foster88 said:

I just hope they don’t do anything like they did with the Alfred the Great coins when they gave him lobster claws as hands. 😂

 

OMG, ain’t seen this one before. And snake eyes and a snakes tongue for a nose. What an awful coin. I’m assuming it did well as I hate it?

8 minutes ago, GoldStatue said:

I can see it being a bit frustrating for a dealer selling the coins at RRP and then seeing them shoot up in value on the secondary market as soon as they are released.

Is there anything stopping someone from pre-ordering with a dealer at the higher price and if getting lucky with the Royal Mint release returning the original coin back to the dealer?

 

Some of the smaller dealers don’t accept returns. You may be able negotiate a cancellation if coin is not dispatched from dealer and you have confirmed RM order. Dealer may be happy to resell again for even more. 

2 hours ago, FlorinCollector said:

Mine is coming via Royal mail. Always does not sure if its because I’m in Scotland.

I’m in Scotland and get DHL for the more expensive orders. We are on the periphery so they use a subcontractor for the last leg of the journey. 

10 minutes ago, goldhunter said:

Apparently the Royal Mint are releasing another coin series next week entitled "British Monarchs" and starts with Henry VII.

Spread over 3 or 4 years with 3 to 4 releases per year.

Coins available in sizes 1,2 and 5oz gold and silver.

My head is totally done in !!!

 

Do you have a link with further info?

Westminstrel found this a few months ago. 

5 minutes ago, Jeffers46 said:

If that is the case and you are a collector, it doesn’t matter. Why? You are holding the coin so eventually the flippers will be out of the way and the true value will be realised by the free market.

I’m a bit Fed-up of reading snarky, snidey comments. Life is too short! 

Didn’t see any snarky comments in the post you copied, just someone’s synopsis of the current situation.

Woops, just reread the last paragraph, retract the above!

Has Her Maj been on a recent trip to Glasgow?

3 minutes ago, Stu said:

Take your point to certain extent however I do think that these coins will do well long term also. They are remakes of classics and as long as the mint doesn’t kick the arse out of it (far from guaranteed) and stops permitting editions from “insert non descriptive island here” they should do well.

I think they will be onto a winner with the other classic restrike series starting with Henry VII Sovereign also, I will be in if possible.  
 

I am not so sure with the other jubilee coins, steered clear other than the sovs. 
 

I like your synopsis of the current situation and how it has developed. I take it you have been collecting for some time? The world moves too fast at times . 

3 minutes ago, Zhorro said:

Don't forget about all the coins that are still at the graders.  I have a feeling that quite a number of dealers did not put their initial allocations on the market but sent them straight off for grading.  When all these hit the market, it may be more difficult to sell ungraded examples - hence maybe the reason the flippers are selling and why the prices have fallen from their initial dizzying heights.

Independent retailers should be made to evidence they have sold on at a reasonable price on the release date IMHO

2 minutes ago, TeaTime said:

The flipping of these coins has produced an unnatural and inflated market. The days of studying the coin and making a reasoned decision to purchase at your leisure have gone. Now, if you don't buy immediately from the source then you have no choice but to purchase on the secondary market or go without.

Historically popular coins were a slow-burn that increased in value over time. Part of the process was the diminishing numbers of available coins, something that is rarely going to happen with modern proofs. The expectation that a brand new coin should immediately be worth 2 or 3 times it's purchase price is unrealistic - driven by speculators and, to some extent, grading companies.  

Pretty much everyone who collects / buys RM coins does so in the expectation of future profits. The reality is that the majority of coins end up worth a lot less than the original sale price. Who can blame flippers for cashing in on the hype - striking whilst the iron is hot is not a bad thing in itself. But it does leave a sour taste in my mouth.

The real question is - why do people fall for the hype over and over again ?

 

Take your point to certain extent however I do think that these coins will do well long term also. They are remakes of classics and as long as the mint doesn’t kick the arid out of it (far from guaranteed) or stopping permitting editions from “insert non descriptive island here) they should do well.

I think they will be onto a winner with the other classic red trike series starting with Henry VII Sovereign. 
 

I am not so sure with the other jubilee coins, steered clear other than the sovs. 

1 minute ago, NewCoins said:

I will chat to them, maybe today. To see what the chances are. I know they will likely say they need to see it. Hopefully I can get a feel for the situation, and maybe get an understanding if I can return it, and get it back if they aren't willing to replace.

It is a great coin, at least in my opinion and I will consider your suggestion if they aren't willing to replace. Thanks !

I think you will get the standard blurb from the mint but be wary. If you decide to return include a letter with the coin stipulating the coin is your property and if they cannot replace you want it returned.

If you decide to sell in the end send me a PM.

Stu

1 hour ago, NewCoins said:

After sleeping on it, and taking some pictures this morning, I have decided to return the 10oz.

It's minor, you can notice it with the naked eye, but it's not that big of an issue. But, for a coin that costs a tad over 1k, I think I should expect better.

Hopefully I can get a replacement, but I would rather not keep if they can't replace it. I may have had a different view if I didn't have the 2 and 5oz too.

I would appreciate people's opinions all the same. Thanks !

Minor imperfections, not sure if it would affect grading if going down that route. I would suggest putting on sale here for cost plus £100 if not happy. Chances of a replacement from the mint are low I would think. That way someone else can appreciate the coin. 

3 hours ago, Oldun said:

I am surprised flippers are selling so quickly. When the portrait comes out, those that only get a portrait will be after the arms to make a set…that will push the arms coin prices up wouldn’t you think ? But heck, what do I know ?

For some a £260 outlay, especially this time of year is a hard period to keep cash locked up, never mind holding out until March or whenever  they will have another outlay for the portrait. . The hype has been quite high with these, I suspect some folk blocking collectors out the RM QIT system will be the same folks flipping trainers or whatever is hot. 

14 minutes ago, James32 said:

🤣🤣🤣 2022 "the year of the twats"

Yep I'm one of them.......every ukin time now I write the date I get ptsd.

Hehe

I think these will do v well at 1200 mintage. Very few will be able to get from the mint who want them. 

49 minutes ago, magpie79 said:

Yep big up forum massive 😂 

I got one also from mark just now 

should be one left 

 

What price were they going for mate?

2 hours ago, dirt94 said:

That was not the case for me. I accidentally ordered both and they sent 2 quartered arms coins. I had no issue with it.

Did they send them together or separately? 

Just got this general flyer through the mail today. FFS , they must be marketing the whole country as we are right on the periphery. 

1 hour ago, Robda1986 said:

Has anyone been charged yet 🤷‍♂️

Yes

1 minute ago, Oldun said:

That’s the fella…it mentions both under the picture.

Aye, so it’s the norm to have a separate order for quartered arms only that moves to closed orders when dispatched and then the order as above remains in open orders for the portrait ? 

Is this what folks have in open orders for continuation set? I had a separate order for quartered arms, just wondering if another may be dispatched soon.