GoodAsGold

Yes you're winning both

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yeah

Okay so I am probably in a 0.1% minority here, but I actually really like some types of production imperfections.
The collar / edge imperfection on this coin, for example, is one that I actually like.
To me, such flaws are a manifestation of coin minting being a physical art, a tiny little proof of a craft that has inherent challenges in its execution.
It lends uniqueness to each coin, making them not just one of a multitude of machine-made, cookie-cutter products flying off a production line.
And most important, they don’t really take away from the beauty of the coin.
This is just an opinion of someone who likes antiques and the imperfect nature of handmade products.
I totally understand the opposite point of view though - after all, beauty lies in the eye of the beholder. 🙂

I have for sale a 1989 NGC PF69 Double Sovereign
No box or COA
£1,350 plus post of buyer’s choice and cost
Weekend special ….. £1,275 plus post.
Final reduction….. £1,250 plus post.
Bank transfer or PayPal friends and family please
Many thanks for your interest 
 

Quick update on my little investigation.
Had no tangible feedback from The Royal Mint yet on their pricing of this product in particular: 
https://www.royalmint.com/shop/monarch/queen-victoria/victoria-young-head-crown/
£270

I sent the images of this coin off to Sovereign Rarities (Who are recommended on RM's website for historic coin valuations, also RM owns 23.4% stake in Sovereign Rarities).
Anyway, I got a very prompt reply from Sovereign Rarities who put a value of £25 on this coin.
SHOCKING
So, I decided to place an order on RM website for this listing to see what I got. 
Unfortunatley I did not get this dog of a coin. Instead I got a middle of the road version with at least the crown side visible. 
This is the coin I received


Not terrible, but not great either. 
I think we can all agree this is not a £270 version of this coin.
I understand that there is a premium for the display and the fact you are buying from an authenticated source and that is worth something. But when you see comprable coins in similar condition selling for £50 and £64 respectively you have to ask where is the value of the additional £200+ coming from.

Needless to say I have initiated a free return to The Royal Mint for my £270 coin with a note to say that the value of the coin is far less than expected considering its condition. 
Its a shame I didn't get the complete dog of a coin though, that would have been fun.
What I would say is that at very least the RM has no clue what it is doing. Why would you have a picture of a coin like that as the listing image if you have better versions of the coins in stock?
There is only one answer. 
Show the worst image you have then nobody can moan when it arrives, you bought what you see. 
 

I remember a similar advert in the daily telegraph weekly magazine on a Saturday which is how I got my first sovereign, £50 on an offer from the Royal Mint. I bought it with my own money and was told it would never grow in value and also made by my parents to send it back for a cash refund. How wrong they were...Good point while you might listen to your parents advice never always do it. 

Item: As Listed
Postage: RMSD by 1pm
Payment: Bank Transfer. No Returns.
 
 
 

2oz silver - no premium, just for collectors to enjoy 
5oz silver - I expect a small premium if they grade well (PF69 will holds its value, PF68 the world has ended and the feelings of despair hit home)
10oz silver - deffo keeps its value, its low mintage is a good thing but I think again it may have a premium if it grades well
2oz gold - I like it a lot, I think it’s a good investment but I doubt it’ll replicate the heights of Una or Graces but who knows. With Una (once the market spoke) and to a degree the Graces, the FOMO and hysteria were ridiculous and unfortunately or fortunately depending, that market and demand has gone or certainly reduced to normality 
I think the value of the silver range especially the 2oz is limited as you can literally buy an original 1818-1820 crown at a reasonable price and if you get a nice one they are way better than this range in my opinion. You also, get the original obverse which is a different level to the portrait on this coin. Also, the historic strikes are different to the modern strikes and I really like how the old presses struck the designs.
I was thinking how strange it must have been in 1818 when coins in pocket change were likely prooflike master pieces 😂 

I did this when I first started out buy both gold and silver,  sell off a few even at a very small profit and it offset the the coins I kept……after years of rinsing and repeating…….you end up with free coins! 
The best unexpected thing that came from this was the contacts and relationships I made with people and suppliers over the years, trust me the true value in all this is the relationships I made, not the few quid profit. 

 
 

Imo always buy coins you like, not as a gamble, especially when they are high value coins.
So even if you just break even when the time comes to sell, at least you will have had the enjoyment of having owned it in your collection for however long you did.
If it makes a profit, great.
If not, you won’t have lost anything, hopefully. 

Exactly how that particular bug started on me in 2016. Never bought another car since!

Hi Dave. I think you’ve taken my comments out of context. I wasn’t implying that this release is from a “Not So Great Engraver”. I was responding to tpcob303’s post wherein he stated “No more after this release for GE I expect”. I merely suggested a Not So Great Engraver series as a follow up, purely because the RM is flogging the music legends series to death and could do so again with the Great Engravers series.
Perhaps you meant to quote tpcob’s own lengthy follow up comments after my own one?

Exactly how that particular bug started on me in 2016. Never bought another car since!

Exactly how that particular bug started on me in 2016. Never bought another car since!

Yes. William Wellesley Pole. One time Master of the Royal Mint and the elder brother of the Duke of Wellington.

At least this time,  the R.M. remembered to put the initials WWP on the belt buckle. It was missing from the 2017 sovereign! Missed out on the gold 2oz, but received this from the Premium bonds last week as compensation…..!! 😁

I think what makes this coin special is its history for me, Pistrucci didn't only engrave the 1818 crown, he got so fed up with the harderning department breaking his dies (104 to be precise), he actually ended up hardening them himself in the furnace :
"I would not have presumed to undertake
this duty if there had been a practical man at his post, and not a gentleman who was afraid of
dirtying his hands with coals, or of exposing himself for a few hours to the glowing heat of a
furnace."
Benedetto Pistrucci

How about chocolate ones in gold foil wrappers😆
BTW I have this bronze one 

A cupronickel version could also encourage new collectors to come in, and who in future could move on to silver or gold coins.

See who's going to flinch first 

Sorry I had to write at length my brain goes into over drive with ideas and opinions. Can make for difficult reading for some and get told I write too much. 
 
A not so great engravers is an unknown of course just not sure what they would bring to the table. Maybe a 1960 crown Quartered Arms or 1937 wreath crown perhaps.
 
Also does anyone know what the WWP initials on the buckle stand for that they apparently left out other times they used the garter belt.

Hi Dave. I think you’ve taken my comments out of context. I wasn’t implying that this release is from a “Not So Great Engraver”. I was responding to tpcob303’s post wherein he stated “No more after this release for GE I expect”. I merely suggested a Not So Great Engraver series as a follow up, purely because the RM is flogging the music legends series to death and could do so again with the Great Engravers series.
Perhaps you meant to quote tpcob’s own lengthy follow up comments after my own one?

The not so great engravers series. Hmm, we have monarchs series and I'm not sure whats going to happen when it gets to Victoria and Elizabeth as not many monarchs had multiple effigies throughout their reign. 
I think people are tired of getting burned by multiple series expecting to be able to sell on and make back what they spent.
The buzz about una and the fact if you are able to score a rare 70 when bought new and get to grade and hold on for a while to make the profit is long gone. 
 
Too much made, low quality, multiple returns by many, long wait times for release day sales and cost of living means that people with money aren't as much especially now there is no free covid money to splash. Here in Germany we had no free money handouts and available help had to be paid back to the government. I would rather spend money on brits and sovereigns than cheap tat and buy 1 GE coin and then close the series off and wait many years before a new series is released. The coronation series being new was good as there was a new design that was contemporary but also classic and I would like modern coin series to stop and have more one off coins withblow mintages rather than a prolonged series like queen's or tudor beast where it drains accounts for what is essentially going to make a bugger loss in the short to medium term and takes ages to make back what you spent in the long term if not still not make your money back in the long term. 
It's the main reason I stopped buying 50p coins, why if I buy a coin from a series I only buy the bullion. I know that I'm limiting the burn to the basic market value of the commodity plus the premium for having physical gold or silver. I bought the latest coin as I don't think there will be another Silver  Pistrucci St George with Charles, the last time there was it had Elizabeth in 2013 and that came in £5 proof with a mintage of 10k and bunc £20 with 100k mintage, before that was 1951 5 shillings which was PL or VIP proof and it wasn't even silver due to the change over so such a coin isn't going to come along until William or George with the others allowing me to own a piece of history where I can't afford an original and don't expect another to be made under the next few monarchs either. We will continue to get cheap tat until something original but classic in design comes out. 

Nothing like a “mistyped”comment to get the smart guys  attention 😉

William versions will be available in a few years