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AndrewSL76
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Posts posted by AndrewSL76
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5 minutes ago, BackyardBullion said:
https://www.royalmint.com/shop/coin-sets/The-Monarchs-Maundy-Money-Premium-Set/
By my rough estimates this set would cost you about £4k to build on your own, if not less.
Thats crazy. Absolutely batsh*t crazy. I feel so sorry for people who fall for this.
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2 hours ago, Ted1945 said:
Do see how much notice has been taken check out the Maunday sets on the RM website, makes the above sound like fiction
Do you have a link?
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Can I please take:
2018 1/20oz Britannia £100
2018 1/40oz Britannia £50
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What is left - serious question. Will likely take what is left if you can please confirm with pictures and prices via PM. Cheers, James!
Andrew.
- Fenlander1, 9x883 and James32
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- Popular Post
3 hours ago, BackyardBullion said:FORMAL STATEMENT BY THE ROYAL MINT
STARTS
Firstly, we would like to thank you for bringing these issues to our attention. We understand the concerns raised and welcome the opportunity to address them directly. The Royal Mint strives to provide customers with premium products and services, and we would like to reiterate that we take all customer feedback seriously.
We have a responsibility to ensure that we provide our customers with quality, authentic coins from reputable dealers. As such, our pricing reflects a variety of factors, not limited to but including, rarity, condition, their historical significance, demand, and grading, as well as packaging and presentation. Before establishing a retail price, The Royal Mint carefully reviews price guides and market trends.
As we source our historic coins in large volumes to ensure we can make enough available for customers on the website, our pricing model is quite different to dealers selling small volumes or one-off pieces. We are unable to compare or offer comment on valuations provided by external sources.
With regards to specific issues raised with products such as the Victoria Young Head Crown, we have taken this feedback and are working to ensure that our website imagery is a more accurate representation of products available. We always want our customers to make informed decisions before purchasing.
We are always working to review and enhance our historic coin offering and we are taking your feedback on board. As a trusted brand, we acknowledge that there may have been instances where we have fallen short of meeting our customers’ expectations. However, we would like to reassure you that we are committed to improving customers' experiences.
ENDS
Your thoughts on a postcard please....
Translation:
FORMAL STATEMENT BY THE ROYAL MINT
STARTS
Firstly, we would like to thank you for forcing these issues to our unwanted attention. We understand you have concerns and we welcome the opportunity to ignore them. The Royal Mint strives to provide customers with low premium products at high premium prices, and we would like to reiterate that we take all customer feedback seriously. (NB until you buy something you are NOT a customer, so please feel free to spend spend spend).
We have a responsibility to ensure that we provide our customers with quality, authentic boxes from reputable dealers. These are not cheap. As such, our pricing reflects a variety of factors, not limited to but including, rarity of the wood, condition, their historical significance, demand, as well as the very expensive cardboard packaging. Before establishing a retail price, The Royal Mint carefully ignores price guides and market trends.
As we source our historic boxes from high end carpenters to ensure we can make enough money for the terrible condition coins, our pricing model is obviously quite different to dealers selling great coins in flips. We are unable to compare or offer comment on valuations provided by external sources.
With regards to specific issues raised with products such as the Victoria Young Head Crown, we have taken this feedback, torn it up, and are working to ensure that we never have to read it again. We always want our customers to make informed decisions before purchasing, but on this occasion it is not helpful so we won't.
We are always working to review and enhance the pricing of our historic coin offering and so we are not taking your feedback on board. As a trusted brand, we acknowledge that there may have been instances where we have not charged enough for the tat we offer. However, we would like to reassure you that we are committed to improving the bank balance by offering more for more.
ENDS
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It may well be fake, but you can at least guarantee it’s a 22ct fake because H&T test all their gold before they buy or sell.
The issue then is that you would be paying WELL OVER spot (even today!!!) for this coin if it was not authentic.
I wonder what H&T’s position is on this? Surely they have reviewed it.
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Booky’s point is well made! Your coin could be fake, but I’m not sure it is. Here is the coin alongside an AU58 that has similar issues with the denticles. Your coin doesn’t have the luster but some of the features are very precise. I could be very wrong of course!!!
- Spyder and SilverJacks
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Comp: There is an AU55 PCGS currently for sale in auction in the US. Current price is $460 with eight days to go and currently nine bidders. That coin is in an old green holder (‘OGH’), is CAC approved, and has a nice luster.
An NGC slabbed 1853 is in the same auction and is a grade up at AU58. It sits with two bids at $2.
(Big differences between the two coins though: 1. US prefer PCGS, especially OGH (the view of many is that grading standards have improved and so a better grade may now be given); 2. The NGC one has no pedigree; and 3. The PCGS is a nicer coin - even with a lower grade…..and because of the OGH it is likely undergraded).
I would guess that the PCGS version is likely to sell for around $500-600 and the NGC around $200-300.
The image you have shared is a bit blurred (or maybe my tired eyes need rest) and so difficult to tell grade. You need better pictures and it depends on the luster/whether it has been cleaned, as to how much it could be worth.
Hope that helps!
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Would you throw in free Special Delivery if I took both of the 1/2ozers?
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3 minutes ago, Agaupl said:
I find these super premium sets less objectionable than the lower value carded ‘horrific value sets’. If you have £200k to mis spend with them, then good luck to you and I don’t really care if you don’t have the time to research (or pay someone to).
It’s the everyday chappie that’s being swindled that annoys me. Having said that .. if it’s mis sold as some sort of pension scheme (not that I think this is happening) then that’s worse.
I agree with all of this. And my inner communist would say to the Royal Mint to continue fleecing the rich and reduce the premiums on the affordable coins, but that would just result in the rich buying everything. It’s only because they charge such ridiculous premiums that everything is still for sale.
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4 minutes ago, BackyardBullion said:
I would guess that for £200k you can get better value buying directly.
Difficult one for me to make a video about showing some reference sales though, do you have any?
References for the 1660 broad will be difficult give how rare it is, but there have been plenty of the others sold. You could get the Crown for less than £10k. The 1656 Broad would be about £50k. Need to check Heritage for results but that’s a ball park. I would say with some time you could get Alun to make a box, source the coins and grade them for (probably) a lot less than £140k.
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If your p*ss was not already at boiling point, take a gander at this horrific* offering:
https://www.royalmint.com/shop/coin-sets/thomas-simon-premium-exclusive-set/
Seems they didn’t listen to a word you said.
*you read correctly. It is not ‘historic’ it is horrific.
- Coverte, westminstrel and Agaupl
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I have dealt with James initially via MA-Shops and then direct. It was for a rare half sovereign. The coin was offered to me at a good rate (in April 2023) and I received exactly what was expected. Very, very happy with the coin and the service. Filled a gap in the collection at a great price and gave me great confidence in James and his company.
Whilst the online shop may not be the best, you have to understand the criteria for being able to sell at MA-Shops. It’s extremely strict and I would say that anyone selling via MA-Shops should be afforded some degree of trust. Another example of sellers on that platform include Svcollector.
Cheers.
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That’s a yes to the package deal of £230.00.
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Yes, please, Ryan!
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Would also consider a four coin set if the coins were all FDC.
Is no one selling these coins at the moment?
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A few of the coins in the video also have clear edge nicks. Bizarre. It’s ALMOST like they don’t care.
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There are still available in case anyone is interested.
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Anyone? Cheers!
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Still looking! Anyone?
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9 minutes ago, James32 said:
Cheers, James. Thank you for thinking of me. Not for me though.
Investigation into Historic Coin Pricing by The Royal Mint
in General Precious Metals
Posted
Don’t forget that the RM is owned by the Treasury! Maybe you should be approaching the Chancellor as ultimately he is in charge.
Pretty significant profits suggest that they are selling their tat at inflamed prices without any worries/concern:
https://www.royalmint.com/aboutus/press-centre/the-royal-mint-announce-17.7million-operating-profit-as-it-forges-new-future-in-sustainable-precious-metals/#:~:text=sustainable precious metals-,The Royal Mint Announce £17.7million Operating Profit as,future in sustainable precious metals&text=Strong demand for precious metals,ending 31st March 2023.