AppleZippoandMetronome

The releases for the two coins were very different. Una was released with no real fan fare and took a couple days to sell out. 3G was released to the largest demand I think there has been for a RM release I've been around for. As a result of this the Una's I suspect were largely picked up by collectors and disappeared into those collections with few examples coming to the secondary market. In contrast I suspect the vast majority of 3G were bought by people hoping to cash in the way a select few managed with the Una. At the moment you're just seeing the result of that. When you have a coin that was bought up primarily to be flipped once those go to market in the numbers they have there is only one way the price is going to head. It is possible the price will increase over time as the current surplus is bought up but we've yet to find a bottom price (actually saw a PF70 sell for £1500 on a FB group earlier) so there is a ways to go down yet before any rise happens. 

Another issue the 3G coin faces is dilution. The mintage was higher and I'm sure the RM minted more varities (sizes) of it. There were also other mints that put out really high quality versions. While I expect the RM version will be the definitive version you'll always have some people who will now settle for one of the others so that takes away from the pool of people who might have been after a RM version lessening the demand. I really don't imagine the 3G will ever be as valuable as the Una is.

You're definitely not the only one thinking that. I didn't buy it to flip either. To be fair I mostly only bought it because I had the Una and so it seemed worth trying for the set. It is disappointing to see how it has gone but the disappointment started before the RM release for me. Seeing the Alderny ones come out to the hype they did was the first blow for me. I suppose you can't fault other mints for hopping on the bang wagon to make a quick buck but I figured that dilution would affect the RM release. I still think long term there will be enough demand for it to keep the price relatively high - one has to imagine that those who picked up the Una will want the other coins in the collection - just have to ride the wave and see how it pans out once this surplus clears.

The releases for the two coins were very different. Una was released with no real fan fare and took a couple days to sell out. 3G was released to the largest demand I think there has been for a RM release I've been around for. As a result of this the Una's I suspect were largely picked up by collectors and disappeared into those collections with few examples coming to the secondary market. In contrast I suspect the vast majority of 3G were bought by people hoping to cash in the way a select few managed with the Una. At the moment you're just seeing the result of that. When you have a coin that was bought up primarily to be flipped once those go to market in the numbers they have there is only one way the price is going to head. It is possible the price will increase over time as the current surplus is bought up but we've yet to find a bottom price (actually saw a PF70 sell for £1500 on a FB group earlier) so there is a ways to go down yet before any rise happens. 

Another issue the 3G coin faces is dilution. The mintage was higher and I'm sure the RM minted more varities (sizes) of it. There were also other mints that put out really high quality versions. While I expect the RM version will be the definitive version you'll always have some people who will now settle for one of the others so that takes away from the pool of people who might have been after a RM version lessening the demand. I really don't imagine the 3G will ever be as valuable as the Una is.

The releases for the two coins were very different. Una was released with no real fan fare and took a couple days to sell out. 3G was released to the largest demand I think there has been for a RM release I've been around for. As a result of this the Una's I suspect were largely picked up by collectors and disappeared into those collections with few examples coming to the secondary market. In contrast I suspect the vast majority of 3G were bought by people hoping to cash in the way a select few managed with the Una. At the moment you're just seeing the result of that. When you have a coin that was bought up primarily to be flipped once those go to market in the numbers they have there is only one way the price is going to head. It is possible the price will increase over time as the current surplus is bought up but we've yet to find a bottom price (actually saw a PF70 sell for £1500 on a FB group earlier) so there is a ways to go down yet before any rise happens. 

Another issue the 3G coin faces is dilution. The mintage was higher and I'm sure the RM minted more varities (sizes) of it. There were also other mints that put out really high quality versions. While I expect the RM version will be the definitive version you'll always have some people who will now settle for one of the others so that takes away from the pool of people who might have been after a RM version lessening the demand. I really don't imagine the 3G will ever be as valuable as the Una is.

You're definitely not the only one thinking that. I didn't buy it to flip either. To be fair I mostly only bought it because I had the Una and so it seemed worth trying for the set. It is disappointing to see how it has gone but the disappointment started before the RM release for me. Seeing the Alderny ones come out to the hype they did was the first blow for me. I suppose you can't fault other mints for hopping on the bang wagon to make a quick buck but I figured that dilution would affect the RM release. I still think long term there will be enough demand for it to keep the price relatively high - one has to imagine that those who picked up the Una will want the other coins in the collection - just have to ride the wave and see how it pans out once this surplus clears.

You're definitely not the only one thinking that. I didn't buy it to flip either. To be fair I mostly only bought it because I had the Una and so it seemed worth trying for the set. It is disappointing to see how it has gone but the disappointment started before the RM release for me. Seeing the Alderny ones come out to the hype they did was the first blow for me. I suppose you can't fault other mints for hopping on the bang wagon to make a quick buck but I figured that dilution would affect the RM release. I still think long term there will be enough demand for it to keep the price relatively high - one has to imagine that those who picked up the Una will want the other coins in the collection - just have to ride the wave and see how it pans out once this surplus clears.

Thanks for the well reasoned thought.
Personally, I never intended to flip quickly. I know the best way to look at it is that it cost me RRP and will likely stay above that price, but the depreciation is stopping me enjoying ownership of the coin. Surely I'm not the only one to think that lol.
 

The releases for the two coins were very different. Una was released with no real fan fare and took a couple days to sell out. 3G was released to the largest demand I think there has been for a RM release I've been around for. As a result of this the Una's I suspect were largely picked up by collectors and disappeared into those collections with few examples coming to the secondary market. In contrast I suspect the vast majority of 3G were bought by people hoping to cash in the way a select few managed with the Una. At the moment you're just seeing the result of that. When you have a coin that was bought up primarily to be flipped once those go to market in the numbers they have there is only one way the price is going to head. It is possible the price will increase over time as the current surplus is bought up but we've yet to find a bottom price (actually saw a PF70 sell for £1500 on a FB group earlier) so there is a ways to go down yet before any rise happens. 

Another issue the 3G coin faces is dilution. The mintage was higher and I'm sure the RM minted more varities (sizes) of it. There were also other mints that put out really high quality versions. While I expect the RM version will be the definitive version you'll always have some people who will now settle for one of the others so that takes away from the pool of people who might have been after a RM version lessening the demand. I really don't imagine the 3G will ever be as valuable as the Una is.

The releases for the two coins were very different. Una was released with no real fan fare and took a couple days to sell out. 3G was released to the largest demand I think there has been for a RM release I've been around for. As a result of this the Una's I suspect were largely picked up by collectors and disappeared into those collections with few examples coming to the secondary market. In contrast I suspect the vast majority of 3G were bought by people hoping to cash in the way a select few managed with the Una. At the moment you're just seeing the result of that. When you have a coin that was bought up primarily to be flipped once those go to market in the numbers they have there is only one way the price is going to head. It is possible the price will increase over time as the current surplus is bought up but we've yet to find a bottom price (actually saw a PF70 sell for £1500 on a FB group earlier) so there is a ways to go down yet before any rise happens. 

Another issue the 3G coin faces is dilution. The mintage was higher and I'm sure the RM minted more varities (sizes) of it. There were also other mints that put out really high quality versions. While I expect the RM version will be the definitive version you'll always have some people who will now settle for one of the others so that takes away from the pool of people who might have been after a RM version lessening the demand. I really don't imagine the 3G will ever be as valuable as the Una is.

The releases for the two coins were very different. Una was released with no real fan fare and took a couple days to sell out. 3G was released to the largest demand I think there has been for a RM release I've been around for. As a result of this the Una's I suspect were largely picked up by collectors and disappeared into those collections with few examples coming to the secondary market. In contrast I suspect the vast majority of 3G were bought by people hoping to cash in the way a select few managed with the Una. At the moment you're just seeing the result of that. When you have a coin that was bought up primarily to be flipped once those go to market in the numbers they have there is only one way the price is going to head. It is possible the price will increase over time as the current surplus is bought up but we've yet to find a bottom price (actually saw a PF70 sell for £1500 on a FB group earlier) so there is a ways to go down yet before any rise happens. 

Another issue the 3G coin faces is dilution. The mintage was higher and I'm sure the RM minted more varities (sizes) of it. There were also other mints that put out really high quality versions. While I expect the RM version will be the definitive version you'll always have some people who will now settle for one of the others so that takes away from the pool of people who might have been after a RM version lessening the demand. I really don't imagine the 3G will ever be as valuable as the Una is.

The releases for the two coins were very different. Una was released with no real fan fare and took a couple days to sell out. 3G was released to the largest demand I think there has been for a RM release I've been around for. As a result of this the Una's I suspect were largely picked up by collectors and disappeared into those collections with few examples coming to the secondary market. In contrast I suspect the vast majority of 3G were bought by people hoping to cash in the way a select few managed with the Una. At the moment you're just seeing the result of that. When you have a coin that was bought up primarily to be flipped once those go to market in the numbers they have there is only one way the price is going to head. It is possible the price will increase over time as the current surplus is bought up but we've yet to find a bottom price (actually saw a PF70 sell for £1500 on a FB group earlier) so there is a ways to go down yet before any rise happens. 

Another issue the 3G coin faces is dilution. The mintage was higher and I'm sure the RM minted more varities (sizes) of it. There were also other mints that put out really high quality versions. While I expect the RM version will be the definitive version you'll always have some people who will now settle for one of the others so that takes away from the pool of people who might have been after a RM version lessening the demand. I really don't imagine the 3G will ever be as valuable as the Una is.

With the way prices are dropping the 70s may well be going for £1500 soon enough. Market is rather flooded.

Whats being described with the pricing of the Three Graces is a very normal course of action that most popular proof coins take. They get bought up en masse by flippers, sold for profits then as the people who actually wanted them get them demand falls as does price. This has been happening for years now with proofs from the Royal Mint and is very much the norm. Its important to realize what happened with the Una isn't the norm. The vast majority of proof coins sell at a loss several months after release.

Whats being described with the pricing of the Three Graces is a very normal course of action that most popular proof coins take. They get bought up en masse by flippers, sold for profits then as the people who actually wanted them get them demand falls as does price. This has been happening for years now with proofs from the Royal Mint and is very much the norm. Its important to realize what happened with the Una isn't the norm. The vast majority of proof coins sell at a loss several months after release.

Whats being described with the pricing of the Three Graces is a very normal course of action that most popular proof coins take. They get bought up en masse by flippers, sold for profits then as the people who actually wanted them get them demand falls as does price. This has been happening for years now with proofs from the Royal Mint and is very much the norm. Its important to realize what happened with the Una isn't the norm. The vast majority of proof coins sell at a loss several months after release.

Whats being described with the pricing of the Three Graces is a very normal course of action that most popular proof coins take. They get bought up en masse by flippers, sold for profits then as the people who actually wanted them get them demand falls as does price. This has been happening for years now with proofs from the Royal Mint and is very much the norm. Its important to realize what happened with the Una isn't the norm. The vast majority of proof coins sell at a loss several months after release.

Just like modern educational  pass rates.  Keep lowering the bar so more hit the higher grades. 
 
Joking aside, no coin should be getting the top grade with visible production imperfections IMO. 

I don't think the RM are being shown any special favours by NGC. I think this just shows that NGC's own definition of what grades as a 70 clearly allows for faulty coins to reach that grade. I'd have to imagine there are just as many faulty coins from other mints out there that were given a 70 because the fault was seen to be part of the minting process and not something that happened to the coin afterwards. Problem is NGC is now so big I can't imagine them pivoting on how they grade at this point. If enough collectors actually cared about quality I would think there would be a market for a company that does take these imperfections in to count when grading a coin but again with the current companies so well established and so heavily promoted by many within the community its hard to imagine it would gain traction. I have to imagine the mints would also oppose such a move as it would inevitably mean less of their coins would grade at the top.

Maybe there’s that many RM coins with frosting issues they are bending the grading system?  This is not giving the NGC any credibility or trust IMO. PR70UC in this instance is nowhere close to FDC, there has always been a certain degree of interpretation or subjectiveness but anyone can see imperfections with the naked eye you don’t need to be a numismatic expert to see this.  
 
Is the NGC grading RM coins more leniently for better words? And for what reason would they have for doing this? 
 
 

Its an interesting problem this. By NGC's definition of what should get a 70 I understand completely why some missing frosting wouldn't affect the 70 grade but one certainly has to wonder how long that will stand. The Royal Mint has had this problem a number of times before with matt finish sovs having issues and of course all of the recent 1oz gold proof QB completer coins that got sent back. One has to wonder how many other coins out there have these slight minting imperfections and at what point if ever will they become something that gets factored in to the grade of a coin. It might grade a 70 by NGC's standards but it is most definitely not a perfect coin.

Depends where you bought it and on what description you based your buying decision?
I would guess it was advertised as NGC graded PF70. What grounds would you have for returning it?
Seems to me your gripe is with NGC not the seller.

This is likely people seeing the price the coins go for at dealers, auctions and generally , not realising that only sellers with a long standing good reputation get the best prices.
 A Random Ebay seller who has low feedback and does not normally deal in coins is not going to get the best price. This does mean bargains can be available but you have to be sure you can assess accurately what you purchased and be prepared to send back anything that is inaccurate.

The idea behind UBI is one that I don't have an issue with however its been proven many times not to work because there are factors that limit success outside of just giving people money. One of the biggest issues is the more money you have circulating in the public the more cost of goods will go up. Eventually you'll reach a point where it doesn't matter how much cash is being handed out because the cost of goods have gone up so much no one is any further ahead.
I've seen this play out in areas where minimum wage was suddenly massively increased. In Canada a number of the provinces decided to massively incease minimum wage over a relatively short period of time. The end result seems to be much higher cost of goods - food and energy costs in particular have sky rocketed - but so have rents, house costs, etc, etc. It doesn't take much maths to work out those people who were earning the minimum wage really are no better off. Whats worse is that those who were on a higher wage but didn't get any bump up now also have to pay more for everything so are effectively worse off. I have friends and family there who were living comfortably in 2008 but struggle these days.
So yes while I love the the idea of things like UBI I really wish people would realise there are complications beyond just the happy, smiley good intentions.
EDIT: And to actually answer the original question that was posed...   no I don't think there will be a rush into PM's because unlike a one off payment a regular payment and that regular extra boost of cash being fed into the economy will cause inflation which is likely where most of the money will go.

I think that Hyper Inflation of some form is heading our way, so keep hold of your Gold until it is ready to be Sold. Universal Income just means more sales for the Ganja Dealer's, Profit's rose when Mr Sunak gave UC Claimant's £20 a Week Extra FREE Cash for doing nothing , unusual for a Tory Government. Now the Voting is out of the way we can Prepare for the Nasty Politicians to squeeze our funds Coinsters.

With the amount of returns they've likely had with this single issue I am sure they wish they had checked first!