Shinus73

Nicest 50p design for a long time and a genuinely important milestone.

The market for modern RM proofs has returned to its natural state, following a few years of unusually high secondary market prices, driven largely by Japanese buyers taking advantage of currency valuations. It’s not just Coin Cabinet auctions - I recently sold on eBay, a Bowie 1 oz silver and 2 oz silver, plus an Elton 1 oz silver, all graded PF69, for a total of £160, less than 50% of RRP. My worst eBay auction results since the metal price capitulation of 2011. Now is a dangerous time to sell anything modern using the no reserve auction format.

The set was back in stock earlier this week, shipping end of June.

No, you're not missing anything - it's currently a buyer's market.

It's 6% and started with yesterday's auction.

I like this more than I was expecting - a new rabbit hole to fall down.

Sorry for your losses. Having to declare the value on the outside of the package is a ludicrous system. They should just slap a ‘please steal me’ sticker on it and have done with it. I had to this recently with a £5,000 coin and was in a panic for days until it thankfully arrived in the Channel Islands.

Atkinsons now have the 1/4 oz. 1/4oz Gold Coins - Free Insured Delivery | Atkinsons Bullion

My favourite story is of people under Nazi occupation melting their gold and turning it into hinges and brackets, which they attached to their doors and painted, to avoid confiscation.

Still showing on the Kitco chart.

The Kitco charts show a vertical 4% drop at the open and a vertical spike all the way back up again 50 mins later (5 mins ago). Who knows?

I mean that a 4% move down at the open, on no specific news, is not normal. Beyond that, I know nothing.

Silver 4% down at the open. Even by crazy silver world standards, that’s an extreme move. Something is definitely afoot.

I like it...

Only if you buy 100! £425 for a single.

These are nice.

Nothing more satisfying than a pile of chunky crowns.

You have more time on your hands than I do! 🙂

I just disagree, there doesn't have to be a vested interest. Of course I do lots of research, that's why I said it. If I was going to buy a particular type of expensive watch, I would compare the price with every other current and historical price I could find. If I'm going to buy a new coin from a dealer, I'll do the same thing, which firstly means finding out what the RM price was. If I don't do this and pay too much, it's entirely my fault.

Sorry, I just think you're flat out wrong. I've never bought anything from anywhere without knowing first what I should be paying for it. You don't do this, you have nobody to blame but yourself.

Anybody buying who believes this, has not come close to doing enough research.

I can think of two potential reasons: 1. Not everybody can afford gold. 2. People may feel silver has significantly more upside than gold.

They already know. Nobody who bought from a dealer this morning thought they were paying RRP. I happen to agree that charging multiples of RRP on the day of release is shabby, and I’ve said that before on here (£2,700 for a 2 Oz three graces, an hour after it sold out at the mint), but everybody knows the game and has a choice.

As a business, the Mint are smashing it. Sell out after sell out of the high profile stuff, at high premiums, with many others disappointed in the queue - all despite shabby QC. Why would they change anything? The Marque system rewards people who spend the most money with them, which again, seems like reasonable business practice to me.