Shinus73

Yes, unrealistic starting prices vs the current market. The starting prices for a lot of modern stuff reflects where the market was three years ago, not where we are now.

A couple more landed today.

7 minutes ago, refero said:

i dont understand this rush in trying to get a pf70. honestly. Unless you are a trader what is the point in buying a coin and burying it in plastic, eventually even without enjoying it for a little bit? i read of TSF members that got the Sotd sovereign and sent it to slab directly through the dealer they bought it from.

to me this is un-understandable

It’s entirely understandable if you collect and enjoy graded coins, as I do. No fear of damaging the precious cargo every time you fumble to open the original packaging. To each their own.

I would think £4,500 to £5,000. In my experience you’d achieve a better total selling individually.

@Kieran95 - could you do one tube for £295 posted?

Thanks

Peter

6 minutes ago, Paul said:

i would wait for 12-18 years to know their mature natural market value once the fliparati are out of the market  

70s may be in shorter supply than normal looking at the few defects we've seen just here already. Keep an eye on the NGC/PCGS population reports in the coming months

Certainly no harm in holding this sovereign for the long term, given it is a one of kind coin

once a life time Coronation edition/Plain Edge/very limited supply/matt finish  

Yes, I think mine will become my only piece of non-graded gold. I usually move anything on that I can’t grade (creature of habit), but this will go away somewhere.

In fairness, you’d struggle to see any of my issues with the naked eye, but I take your point.

28 minutes ago, Falcon1985 said:

I just received my SOTD sovereign and I have the same dilemma. Under my magnifier both side of the coins is full of little dots.

Mine too - lots of little black marks, a bit scruffy generally.

They'll be on both sides of every trade, as always.

2 hours ago, Pete said:

I am seeking feedback from fellow stackers and collectors and to get started here is an extract from CoinInvest.

"....The Canadian Wildlife silver bullion coin collection features six coins bearing iconic animals that are native to Canada. Produced by the Royal Canadian Mint, one of the finest refineries in the world, these iconic coins are minted to the highest precision and contain .9999 pure silver content. The wildlife series has proven to be immensely popular with enthusiasts and with only a million of each coin in circulation are highly sought after assets. Investors in silver Canadian Wildlife coins can expect a great return on their investment ...."

"The collection includes, the Timber Wolf and the Grizzly which were manufactured in 2011, the Cougar and Moose from 2012 and the finally the Pronghorn Antelope followed by the Wood Bison in 2013"

 

Back then, over 10 years ago, at the time of issue I was a silver addict and bought several tubes of each as soon as they were released.
I subsequently purchased a quantity of bespoke nice wooden boxes with artwork to make up complete sets including special thin capsules with no edges to fit the somewhat tight slots. Each box cost over £30 after a generous discount due to a bulk purchase.
At the time, some of us oldies remember the £30 or thereabouts spot so since that date I have been wondering about the CoinInvest "great return" which still seems way off.

Checking the most recent sales on eBay for individual coins they seem to shift in and around £29 - £31 plus say £3 per coin shipping.

My question to fellow forum members and silver junkies is what would you think a realistic and fair price would be for a pristine essentially brand new boxed set ?
Some of these wildlife coins don't turn up that frequently and I am sure many will not necessarily be in mint condition or in the correct sized capsules.
My coins have never been out from their tubes and I would select spot free coins when necessary so would be offering the best possible pristine sets.

I would definitely like to sell the coin boxes as they are taking up valuable space.
The silver is vaulted so that doesn't matter and it can be passed to the next generation as I don't need to sell.
However if there is potential interest in boxed sets I could try selling here or drip feeding eBay whenever there are seller offers.

Anyhow I welcome all constructive feedback and I may decide in the next coming weeks to make up a set or two to take photos and test the temperature by offering for auction in the forum.
Thanks in advance for any comments.

 

I’m guessing you might get £200-£220 for the set with a box. My experience of complete sets is that people expect to pay less, rather than more.

The first coin in this series has a special place in my stacking heart. My first large silver purchase from Germany was two tubes of the Timber Wolf (2010?), as they seemed an exciting variation. At the  time you could only get Philharmonics, Eagles, Maple Leaf and Perth Mint (expensive). 

I paid £19.50 per oz all in and sold them for an average of more than £40 per oz. No such premium for them these days.

2 minutes ago, Silverlocks said:

You can make that argument about playing the lottery.

It’s less of a lottery than the actual lottery, but I take your point.
The only 1oz proof gold I’ve bought in recent years was the completer coin, it graded 70 and sells for double RRP. Combination of pot luck and some good judgement.

1 hour ago, Silverlocks said:

As an investment, I can do that with ordinary bullion sovs without having to take a crapshoot on grading.  Getting something that has to come back PF70 in order to get your money back seems a bit of a waste.  I get why the RM charge so much - if the money didn't go them it would mostly go to scalpers, and the price is to sell to folks who will pay a premium for the latest.  That means that the actual market price is almost never going to reflect what you buy it from the Royal Mint for unless they capture lightning in a bottle like they did with Una and the Lion.

However, it's a bit of a reflection on RM's quality control that a brand new proof coin could grade anything other than PF70.  With today's manufacturing and precision die cutting tech, there's really no excuse. 

Indeed, but you miss out on the odd one that takes off. Choices..

6 hours ago, Silverlocks said:

Maybe Una and the Lion isn't such a good example as it did go through the roof, but If I had bought just about any other RM limited edition proof at £4,950 RRP I'd be ever so happy if I could get that back for it.

In nearly all cases, you will only get that back if you get a 70, which I suppose is the point of this thread.

Sell it raw, or graded below 70 and you’re losing money.

I’ve been grading coins for several years and enjoy that aspect of collecting, but can increasingly see the folly of grading every proof that the Mint releases and am now trying to limit my purchases to pre-graded versions at a decent prices, especially dirt cheap silver PF69’s. I’ve no idea if this is a good strategy long term.

Having said that, I’ve just had the e-mail telling me my 1 oz silver proof Merlin has been despatched, so still have work to do on limiting my purchases…

2007 1/4 Oz Proof Platinum Britannia - £450 posted

Not perfect, probably not gradable, but a hard to come by coin.

Payment by BT or Paypal F+F.

Thanks

Peter

20 minutes ago, CazLikesCoins said:

I'm celebrating the coronation by not watching the coronation. I spent five hours watching the queens funeral and I'm not watching rickety old carriages shaking random royals to death on another televised jolly around Buck's plank. 

I do like a nice sovereign though and glad to see  Charles head finally stuck on one. Shame it's turned into a cash cow for the Royal Mint but hopefully I can get a bullion sov or two when the fuss dies down. 

I tested positive for COVID on the day the Queen died, so my 10-day isolation period coincided perfectly with the official 10-day mourning period. Rolling royal coverage and fever dreams are a potent mix. Not sure my brain has sufficiently recovered to go through another lengthy royal event just yet.

Just now, Midasfrog said:

They make a lovely collection something a bit different to a date run , I have spotted another 2012 SOTD going for £475 posted 🤫

I really like them, but I’m a sucker for grading everything, and I might be mistaken, but I think you’re unable to grade a lot of the pre 2017’s unless they’re still sealed, as you can’t tell them apart from the standard sovereign for that year.

3 minutes ago, Midasfrog said:

This Graded one sold at £425 this month 👍

I know, I bought it! 😀

As mad as it seems, an MS69 with tiny mintage currently qualifies as ‘graded badly’. I haven’t seen a raw one for less than £500.
I’ll buy anymore I see at this price.

29 minutes ago, StackToCollect said:

Can't afford one but BBP still have them for those that can: https://www.bullionbypost.co.uk/royal-mint-proof-collections/2023-king-charles-iii-coronation-coin-range/2023-2oz-king-charles-iii-coronation-proof-gold-coin-boxed/

Looks like the Mint have sold out of everything except the silver 1oz (base metal excluded). Quite a success given how flat most recent launches seem to have been! Start of a revival or just a special one off?

As reasons for commemoratives go, the first Coronation for 70 years is as good as it gets.

Given the amount of other proof nonsense I buy from the Mint, these are a proper no brainer.

7 hours ago, westminstrel said:

The SotDs prior to 2017 haven’t really been as distinguished with the plain edge and matte finish. They’ve mostly been “BU” strikes and really difficult to distinguish from the Bullion Sovereigns of those years. So I’m not surprised they don’t do as well as the post-2017 SotDs.

This is true.

None of the post 2017 SOTD's are available for anywhere near £400, unless they're not advertised correctly or graded badly. I've been looking constantly - if anything they're one of the few coins that have been going up recently.

I think you’d be better off with one of the three Royal Mint Bond 1/4 oz gold proofs, if you can find one for around £475-500 in the secondary market.

These haven’t been a roaring success either though.

2 oz silver now also sold out - mintage of only 1000, so this looked like another winner beforehand.

9 hours ago, westminstrel said:

What are the chances they’ll get Sting as part of their promotional campaign. 😏

As a 90s kid, I do like Sting though. Desert Rose was my puberty anthem. 😆

I remember him playing the Royal Albert Hall in 1994 when I was a student in South Kensington, but as an indie kid I would have been dismissive.

I think The Police might be stretching the Music Legends title.

43 minutes ago, WishIwasMidas said:

I was actually watching it for 5 mins, but couldn't decide. Then remembered how awkward to get they've become.

I'd have been kicking myself if you'd got there before me. 🤣🤣

I have Elton, Bowie and the Who in PF70, but couldn’t remember if I had this one. Too late by the time I’d checked.

50 minutes ago, refero said:

they managed to ruin the beauty and the charm of a coronation... i m spechless

what was wrong in just following the bloody tradition and issuing a coronation set like in the past?

I think it's a stretch to refer to tradition, when it hasn't happened for 70 years.