Stuntman

3 minutes ago, Petra said:

Handling most coins… no issue, however, all those ‘impaired’ proof coins!🤔😮 why! Jemmy it out of its capsule and play with it! Why😮🤔!

Some people wouldn't know any better.  Their coin, their rules... but obviously to the detriment of resale 🙂

To start with, perhaps decide if you expect to be in this for the short haul or the long haul.

For instance, if you just want to own a lovely shiny gold coin (and that's a very admirable wish) but don't particularly want to have loads and loads of coins, perhaps think about a 1oz gold bullion Britannia coin.  That's probably the best way to get in with the lowest premium over the spot price of gold if buying new from a dealer, and likely to command close to the spot price of gold if you were to sell it to a dealer.  Plus, it's a nice size to hold and admire, and it's 99.99% pure gold and looks exactly as you would want it to.  That would be money well spent, but it's quite a lot of money.

If you're in it for the long haul, then decide whether you want to stack (mainly all about value) or collect (mainly all about the pleasure of what you own).  If stacking, sovereigns and Britannias are often recommended for good reason (low premiums, sovs are cheaper to buy and sell and hence more liquid, exempt from CGT if you're a UK taxpayer).  If collecting, buy what takes your fancy and keep an eye on the additional premiums you may end up paying.  

Your first coin in either case might well be a current year sovereign.  But as already noted, it looks like rose gold (still nice) and it's not as impressive an item in hand.  

I started properly with a 1 oz gold bullion UK coin back in 2017, although I had previously managed to win a few sovereigns in a previous sporting life and then collected a couple more.  If I could only keep a few of my bullion gold coins, they would probably all be 1 oz.  I'm mostly done collecting /stacking now, as my financial circumstances have changed in the wrong direction!

Your first coin will be special, whatever you decide.

I think that if, say, the 1oz Coronation bullion coin range was sold at the same price as bog-standard 1 oz Britannias - then fair enough, accept the coins as one unit of bullion.  But they are priced at a fairly significant premium versus a bog-standard Britannia because of their limited mintages and their one-off design.

It's a tricky one.  I also haven't returned a bullion coin that I've purchased new from a dealer or the RM (apart from one instance with the RM when the coin was completely jammed in its capsule and I couldn't get it out without risking damage to the coin.  Took more than 3 months to get a replacement and I had to chase them up several times...).

Basically I tend to accept it as luck of the draw.  Thankfully, most of what I have received has been acceptable.

I'd probably look at 10 oz silver coins rather than 1 kg silver coins.  In my opinion they have better proportions, and you could get three different ones for the price of the 1 kg Britannia and still have some change.

The kilo coin is an impressive lump of metal but I think it looks more like a cylinder than it does a coin.  Depends what floats your boat I suppose!

I think these might look very nice and I'm definitely interested in principle.  If the design is nice enough, I'd quite like a 1 oz silver bar in an RM assay card like they did for the Three Graces bars, and maybe a 10 oz silver bar which I would put into a capsule.

If it's a really nice design I might consider the 1 oz gold one as well.

I'd only be buying them for the pleasure of ownership rather than as an investment, so whether I liked the design enough would be key.

Nothing about it screams fake to me, so I would presume it was genuine.

I have one in similar condition - photos for comparison below, if it helps:

For those who are not sure about how these brockage errors can occur, here's a link to the Heritage Auctions website, showing examples of some USA coins with this type of error:

https://blog.ha.com/brockage-coin-value-guide-how-much-is-a-brockage-error-coin-worth/

And this is quite informative about how different types of errors can be produced (Brockage errors at the end of the article):

https://learn.apmex.com/learning-guide/numismatics/beginners-guide-to-error-coins/

It's a really good example of a full brockage error and I'm sure that it would hold a great deal of appeal to specialist sovereign collectors.

Not the kind of thing that I collect personally, but definitely a coin to appreciate.  I have no idea of what it might go for, but @dicker may well be in the right ballpark.  If someone really wants one, it's going to be a question of 'find me another'.

Unless the price of the coins has moved dramatically, I'd probably cough up for the special delivery and reorder them, ideally through a different dealer who may offer returns, for a similar price.

Otherwise I'd probably just grudgingly accept them as bullion coins with imperfections.

I have a single one of these in 1oz gold and sadly for me it isn't as perfect in the same area as your coins as I would like it to be, but I wouldn't expect to be offered an exchange or refund on it.  The well known dealer would just say it was bullion and in that condition when they received it from the RM.

Perhaps either keep the entire tube as a curiosity element of your collection, or send the entire tube back for a replacement if they accepted that.

Personally I'd send them back and get them replaced, but I can see how they are interesting as a collective group.  I think a grading company would just mark them down, even though the damage was caused at-mint rather than post-mint.

No real regrets, at least not since I started taking a more serious interest in stacking/collecting PMs about six years ago.

I have some physical silver coins and bars, but mostly only for pleasure of ownership rather than to aim to sell at a profit.  I'll continue to buy occasional such items if I can justify the money.  

So far I have only bought new coins/bars and from reputable UK dealers, mostly Atkinsons and Chards but occasionally BBP and SilverTrader, and then the RM if you cannot get get the same item elsewhere (e.g. bullion double sovereigns at the moment).

I collect rather than stack, so my main regret is having a few duplicates of coins which at some stage I need to sell, and then reinvest the proceeds into the same physical metal, but different coins.

Mine's scheduled to turn up on Friday, from Chards.

I've got the bullion double sov version from the RM already.  The one they sent me is acceptably detailed, and it has the helmet streamer on the reverse. whereas the full sov does not.

I find these things easier to work out if you start with how many ounces of fine gold there are in a sovereign.  

One sovereign contains about 0.2354 oz of pure gold, and a 1/10th oz coin is of course 0.1 oz of pure gold.  So you would need 2.354 lots of 1/10 oz coins for the same amount of pure gold as a sovereign.

@James32's way of doing it by grams works well too, of course 🙂

Same - I've never seen real-world pictures of that coin in 1 oz before.  They were supposed to be making a 1 oz bullion version but I don't think it ever did get released.

I hope they actually do release one at some point.  I like it in 1/4 oz bullion and would definitely want to add its bigger brother.

Personally I prefer the quintuple ones, then the double ones, then the full ones, then the half ones - and lastly the quarter ones 🙂

As a serious answer, I only have post 1999 sovereigns in my collection (the coppery looking ones) but I wish that they were more golden looking.  But I'm currently choosing to buy 999.9 fine gold coins if I want them actually to be golden looking, in preference to buying older sovereigns.

3 hours ago, NGMD said:

Only getting a 5 Proof sovereign in a set helps keep the value high.

Almost 3k for literally bullion coin ‘matte’. Applying the matte surface finish also covers minor manufacturing defects. I’m just not feeling it. That being said, I’m the sucker who paid for the Coronation 1oz proof😄 That’s a beauty though.

The striking standard and finish on these Brilliant Uncirculated 5 sovereign coins is a considerable step up above the bullion striking standard and finish.  I agree with whoever said earlier that the Brilliant Uncirculated matt finish coins are of a similar quality to the matt proof coins.

I have some matt BU 5 sov coins and some non-matt BU 5 sov coins.  The quality and finish on all of them is very nice indeed, particularly the 2017 and 2018 coins.  Agree that they are now somewhat expensive though.

My bullion double sovereign has arrived from the RM and it's quite nice in hand, and the quality is acceptable to me.  Waiting on 3 other bullion coronation coins though, one from Atkinsons and two from Chards.

Assuming that the scratch/abrasion is definitely on the coin and not the capsule, I'd contact them via their customer services team and ask for a replacement.  Send a photo of the coin showing the flaw in enough detail for them to have to agree with you.

Regarding the number available - I suspect that's just how many they have in stock at the moment, rather than anything to do with a mintage limit.  They will be unlimited by number, just by time.  But given that it may only remain available to order from the RM exclusively, this will have a downward effect on the number they ultimately make and sell.

Same with the Memorial bullion double.  

At the end of the day, they are bullion coins in slightly fancier packaging and I think it comes down to personal preference rather than there being any real premium attached to the packaging itself.

Personally I am not keen on them for bullion coins, but I see the appeal.  I just buy the raw coin for my collection and put it into an appropriate Quadrum capsule.

Somewhat perversely, I hold the opposite opinion regarding the RM minted bullion bars below 10 oz in weight - I want these in the packaging rather than loose or in a clear capsule.  I think that the bars lend themselves to this packaging format, but not the coins.

Horses for courses.

Personally I don't think they are worth any more than bullion, given the condition, unless either year/mintmark is particularly rare.

(by the way - you've posted in the Silver section, so ideally the mods might move it to the gold section).

I'd probably sort by denomination rather than by reverse design or base metal composition.  So for me: 5p coins in one tub, 10p coins in the other.

Buying some new bullion coronation sovereigns this year is unlikely to prove a bad decision in a few years' time.  It *should* be a one-off obverse design and is likely to carry a small premium over a normal sovereign coin in the medium term, assuming that we revert to a period of standard G&D reverses and uncrowned obverses for a while.

So my advice for buying bullion this year would be to by these sovereigns.  If you can stretch to the 1oz crowned Britannia and the 1oz Coronation coin, I don't think you can go wrong here either.

Today I ordered a coronation sovereign and the 1oz coronation coin with the CRIII cypher.  I intend to add the double sovereign but that's just because I like it, rather than it being a good stacking decision.  I'm a collector first and foremost.

Am undecided on the coronation Britannia personally, but if money were no object I'd probably add it to my collection as well.

Gold price is fairly low at the moment so it might still be a smart decision to buy sooner rather than later, even if the premiums are a bit higher.  We shall see!

I think it's just when the RM has decided to release the bullion range of Coronation PM coins.  Nothing otherwise noteworthy about the date, IMO.

Personally I'm going to get milked for the bullion sov, double sov and the 1oz bullion coronation coin with the CRIII cypher on it.

Didn't go for any of the SOTDs or proofs, so this is my chance to add the crowned portrait to my PM collection 😀