Hi @BackyardBullion
I have occasionally looked at the Historic coin section, and have always been left with the feeling that the RM are simply using their reputation to overprice coins. My thoughts are:
1. Many of the coins are not are not historic. Some are current issues - so why advertise them as historic, or Trial of the Pyx from very recently?
2. All of the coins I have looked at are overpriced. This can get subjective for hammered coins, I accept but I suspect a hammered expert would agree with me. Good example is a 1957 Gillick advertised as EF for sale for £575.
3. Confected sets - RM create historic sets and put them in a nice box and mark have spectacular markups.
4. Prices are more expensive than buying at auction
5. I don’t have any information on how the RM source coins but I would imagine:
- High end hammered from auctions / dealers
- Most Sovs from trade (I bet they don’t buy from an account called “Royal Mint” - I bet they use some sort of intermediary
- Individuals selling out their coins which are vaulted at the RM
- Coins that the might hold back from new issues….
I no longer buy from the RM - I don’t like their new issues, detest their sales of Trial Pieces for silly money and their two tier customer experience - those with an account manager and those who have to queue. I do wonder if account managers are selling confected “sets” of “historic” coins to the unwary. Who in the future will come to sell and be very disappointed.
Best
Dicker