Sold all my gold, got stung

[AuricGoldfinger]

2 hours ago, cinereus said:

I didn't say I was right. If I'm wrong please correct me. That's the only way I'll learn

Is 5K really that low for a modern coin? I wasn't looking when they started, were they really that sought after that they were hard to get a hold of originally?

And why are they better than any other artificially scarce modern coin then?

People just like series. QB has been popular mainly because it’s a bit different to the several lunar varieties and it’s actually a short and quick series being released twice a year.

Also Royal mint is arguably one of the most if not the most popular mint for collectors. The premiums you speak of only exist because people are willing to pay the high premium to back date their collection and try to complete a full set. I know thats what i did when i had to pay £1300 for the lion and £1250 for the griffin. Seems very cheap now lol.

Personally i think some of the premiums will die after the series is completed. I know some people thought perhaps this series would sky rocket if anything happened to our dear queen and we changed monarch mid set, but there’s one coin left and I don’t see her going anywhere soon.

[Notafront4adragon]

7 hours ago, cinereus said:

Why do QB attract such a high premium? They aren't rare so I can't figure it out...

The bullion ones aren't rare, but the designs are incredibly popular, especially the lion. To my mind it's kinda like a brand name and that drives the premiums. Personally I'm not sure they'll retain that premium far in the future but who knows.

 

7 hours ago, Auricsstash said:

Where do you come up with this c**p from?

Some of the gold bullion QBs have mintages in the 5k range current bullion for Britannias of the same size in a year can run over 100k...

All the gold bullion have an unlimited mintage, and as there are no figures released by the mint how can you say there's a mintage of 5k?

[Auricsstash]

2 minutes ago, Notafront4adragon said:

The bullion ones aren't rare, but the designs are incredibly popular, especially the lion. To my mind it's kinda like a brand name and that drives the premiums. Personally I'm not sure they'll retain that premium far in the future but who knows.

 

All the gold bullion have an unlimited mintage, and as there are no figures released by the mint how can you say there's a mintage of 5k?

Agreed they are “unlimited” when they are in production, however the actual mintage figures can be found here...

 

[Notafront4adragon]

4 minutes ago, Auricsstash said:

Agreed they are “unlimited” when they are in production, however the actual mintage figures can be found here...

 

No the actual minted figures can't, they are up to a date in the above table, I believe the last date they had was Apr 18 ie they can and probably have minted more. If you read that thread and others related, you can appreciate just how evasive the royal mint is when it comes to those figures, probably because they never thought to keep track of bullion coins numbers and don't know for sure.

 

[sovereignsteve]

12 hours ago, Notafront4adragon said:

the last date they had was Apr 18 ie they can and probably have minted more. If you read that thread and others related, you can appreciate just how evasive the royal mint is when it comes to those figures, probably because they never thought to keep track of bullion coins numbers and don't know for sure.

They are being very evasive about releasing mintage figures for bullion coins since then. I believe they are sensitive to the fact that they are creating sought after collectable coins in the  lower mintages and are basically resenting this situation. They don't want people collecting these coins and to stick to their proofs for that purpose.

[LawrenceChard]

On 30/11/2018 at 18:50, Glorfindel said:

LISA.

 

I stuck some money in a Lisa once, and she told me I should have just stuffed it into her bra like any normal punter.

😎

[LawrenceChard]

On 30/11/2018 at 17:35, Tn21 said:

Thanks for sharing but would you consider going into more details as to what price you sold for and what the items were?

 

Good question, but it might have been more relevant to ask who he bought it from, and at what premium.

🙂

[LawrenceChard]

On 30/11/2018 at 17:52, FlorinCollector said:

I'm not 100% sure what Atkinson's offer over spot but with those queens beast im pretty sure on here or ebay you could have broke even with the difference or made profit. Especially with the Lion. 

It sounds like he got under spot.

😎

[Darr3nG]

What have we done, giving @LawrenceChardthe link to this old thread?

 

[StackemHigh]

If it was a quick exit then i'm not suprised!

Sometimes a long slow planned exit is what is needed.

[StackemHigh]

On 12/04/2020 at 09:29, Notafront4adragon said:

No the actual minted figures can't, they are up to a date in the above table, I believe the last date they had was Apr 18 ie they can and probably have minted more. If you read that thread and others related, you can appreciate just how evasive the royal mint is when it comes to those figures, probably because they never thought to keep track of bullion coins numbers and don't know for sure.

 

Something else the rm aren't good at!

[Midasfrog]

The Royal Mint also do not like to admit that they continue to strike coins using dies from previous years as and when it suits them .

Are they still striking coins using 2017 dies of course they are , the Queens beast lion of England 1oz gold bullion is a good example of this 

[RDHC]

22 minutes ago, Midasfrog said:

The Royal Mint also do not like to admit that they continue to strike coins using dies from previous years as and when it suits them .

Are they still striking coins using 2017 dies of course they are , the Queens beast lion of England 1oz gold bullion is a good example of this 

That is really bad news, and shows a total lack of scruple by those responsible, but fully in line with the Mint's business model of issuing endless costly coins of transient interest with the frequency that used to be the monopoly, decades back (1950s and 1960s), of countries like Hungary in the realm of postage stamps. I will not buy anything except Britannias and sovereigns, which in their different ways, have an impeccable pedigree.  Nearly all the rest are simply fly-by-nights in my opinion, though I would make an exception for the Queen's Beasts. I am of course open to objection or correction here. (Perhaps I should get my tin helmet.)

[LawrenceChard]

4 hours ago, Midasfrog said:

The Royal Mint also do not like to admit that they continue to strike coins using dies from previous years as and when it suits them .

Are they still striking coins using 2017 dies of course they are , the Queens beast lion of England 1oz gold bullion is a good example of this 

 

3 hours ago, RDHC said:

That is really bad news, and shows a total lack of scruple by those responsible, but fully in line with the Mint's business model of issuing endless costly coins of transient interest with the frequency that used to be the monopoly, decades back (1950s and 1960s), of countries like Hungary in the realm of postage stamps. I will not buy anything except Britannias and sovereigns, which in their different ways, have an impeccable pedigree.  Nearly all the rest are simply fly-by-nights in my opinion, though I would make an exception for the Queen's Beasts. I am of course open to objection or correction here. (Perhaps I should get my tin helmet.)

How many TSF members know when most 1925 London Mint gold sovereigns were struck and issued?

 

[RDHC]

Just now, LawrenceChard said:

 

How many TSF members know when most 1925 London Mint gold sovereigns were struck and issued?

 

The answer I believe is 'during the reign of George VI'. Do I get a free 2022 bullion sovereign, Lawrence, for being the first with the answer, if I am correct? I do hope so.

[LawrenceChard]

20 minutes ago, RDHC said:

The answer I believe is 'during the reign of George VI'. Do I get a free 2022 bullion sovereign, Lawrence, for being the first with the answer, if I am correct? I do hope so.

You are indeed correct with 'during the reign of George VI', but could you be more specific?

[RDHC]

6 minutes ago, LawrenceChard said:

You are indeed correct with 'during the reign of George VI', but could you be more specific?

O.K. 1952, I believe (closely followed by 1951). Shall I let you have my address for the free sovereign?

[Roy]

A little bit earlier 😉

[LawrenceChard]

9 minutes ago, RDHC said:

O.K. 1952, I believe (closely followed by 1951). Shall I let you have my address for the free sovereign?

Close, but no cigar!

https://goldsovereigns.co.uk/1925sovereign.html

[Stuntman]

9 hours ago, LawrenceChard said:

I stuck some money in a Lisa once, and she told me I should have just stuffed it into her bra like any normal punter.

😎

Excellent thread resurrection.

Lawrence, I suspect TESSA said the same to you a couple of decades earlier.  Mind you, she did offer much higher interest than LISA for the same degree of jeopardy 😀

And apparently she liked a slow, planned withdrawal over about five years.  Sting was an early adopter 😉

[SidS]

Weren't they struck in about 1949 through to around 1951?

[sjhdesmond]

On 30/11/2018 at 17:26, Glorfindel said:

once Brexit is finally over

God, as a remainer I thought I would at least get some pleasure from saying I told you so. But it sucks that this guy has lost money as a result of his own decision based on the misconception that Brexit has an end. No, the public voted for Brexit and now we have left the EU and that is permanent and won't end unless we rejoin or the EU dissolves. 

[CANV]

no need to worry. we will all be in the USSR by Wednesday 

[dicker]

Cracking thread in retrospect.  

[sovereignsteve]

2 hours ago, dicker said:

Cracking thread in retrospect.  

Yes but I can't believe it's over 4 years old.