The 2019 Matt Finish Sovereign - long term prospects?

[Fastnick]

I've been dithering about one if these for a while now....

At current gold prices, The Royal Mint are wanting roughly an extra £90 for a Sovereign with the Matt finish (£365, as opposed to around £275 for a regular Sovereign).

I'd be very keen to hear from SF members with their thoughts on this coin, including those who have taken the plunge and bought one and those who have decided to give it a miss.........

[goldmember44]

Hmmm... I think it depends what the secondary market prices for these coins will be, going forward. I have seen even some proof coins of previous years selling here for not much more than spot price... except for "special design" years, and relatively scarce years like the 1990's. So... where does that leave the matt sovereign? If it is going to be the only matt sovereign for the foreseeable future, then it will probably retain its premium... but the only thing I'm a bit worried about is the high mintage figures of it. 20,000? It may sound high but is not that excessive, especially for a special design sovereign. For example, the 1989 had a mintage of 23,000+... and look at its prices.

[fehk2001]

I think queen beast quarter gold is better vale , even at current market price it is around 320 . it is special pattern 

the matt sovereign is a bit boring 

[goldmember44]

3 minutes ago, fehk2001 said:

I think queen beast quarter gold is better vale , even at current market price it is around 320 . it is special pattern 

the matt sovereign is a bit boring 

Do you think the queen's beast bullion gold pieces will retain their premiums in years to come?

[Zhorro]

1 hour ago, Fastnick said:

I've been dithering about one if these for woks now....

At current gold prices, The Royal Mint are wanting roughly an extra £90 for a Sovereign with the Matt finish (£365, as opposed to around £275 for a regular Sovereign).

I'd be very keen to hear from SF members with their thoughts on this coin, including those who have taken the plunge and bought one and those who have decided to give it a miss.........

I bought one of the regular Matt sovereigns as soon as it came out.  I was really interested to see what it looked like and how it differed from regular BU sovereigns – after all, this format was unique.  Then two months later the Royal Mint issued a Matt strike on the day sovereign and destroyed the uniqueness of the format!

Given the size of the mintage, I think it is unlikely that the standard Matt sovereign is going to be a winner.  However, it does all depend on how many are actually sold, and from the snippets I’ve heard it seems that it is not selling that well.  And you don’t see that many of them on eBay.

I think the regular 2019 Matt sovereign is always going to be in the shadow of the Matt strike on the day sovereign (though I have not bought one of these).

[Roy]

46 minutes ago, goldmember44 said:

... but the only thing I'm a bit worried about is the high mintage figures of it. 20,000? It may sound high but is not that excessive, especially for a special design sovereign. For example, the 1989 had a mintage of 23,000+... and look at its prices.

I wonder about the 1989 Sov. As in, I wonder how many are actually left?

Certainly in 2014, ebay was awash with Proof Sovereign boxes...singles, 3 coin, 4 coin, RM capsules, and that was 3 years after the peak. I suggest that many of these special year coins were sold for melt price and of course, the '89s went first because an '89 cost a lot less than a 2005 at release.

'Since then, demand for the 1989 has grown, and prices are now sky high compared with the original price, which, from memory, was about £175.'*

Nearly £100 profit at 2011 prices. It must have been tempting to make a quick buck eh?

*Chard

[goldmember44]

4 minutes ago, Roy said:

I wonder about the 1989 Sov. As in, I wonder how many are actually left?

Well it's not exactly an antique, so I reckon most of them would still be somewhere tucked away in a collection. 

Actually, most of the special design sovereigns of recent times had relatively high mintage numbers, except the 2012 proof. That one is the rarest, and I'm not surprised it fetches £1,000+ these days. As for the other:

2002: 20,500
2005: 15,458
2012:  8,158
2016:  9,675
2017: 10,500

[Roy]

3 minutes ago, goldmember44 said:

so I reckon most of them would still be somewhere tucked away in a collection. 

 

I disagree. I maintain that a lot were sold for scrap (or stolen then scrapped) and those that survived were broken up. It seems that you can make more money selling these as individual coins than as a complete set.

[goldmember44]

8 minutes ago, Roy said:

I disagree. I maintain that a lot were sold for scrap (or stolen then scrapped) and those that survived were broken up. It seems that you can make more money selling these as individual coins than as a complete set.

Why would anyone sell a proof sovereign for scrap? 

[Roy]

Ask your Dad

[goldmember44]

3 minutes ago, Roy said:

Ask your Dad

What? My dad is dead.

[Roy]

I knew you'd say that.

Uncle? School teacher? Librarian?

[goldmember44]

1 minute ago, Roy said:

I knew you'd say that.

Uncle? School teacher? Librarian?

You knew my dad was dead? What a low person you are. I'm exiting this unpleasant conversation.

[Roy]

I'll add clairvoyant to my list of skills 😜

[goldmember44]

You get upset because I ask you a simple question in the discussion. That's very immature. I have to wonder how old you are if you treat forum discussions like school playground fights 

[Roy]

I'm Generation Z. 

We didn't have fights, we sat down and discussed our problems. Then cried as a group.

Mama?

[Clens92]

1 minute ago, Roy said:

I'm Generation Z. 

We didn't have fights, we sat down and discussed our problems. Then cried as a group.

Mama?

How to ruin your reputation in one thread... are you drunk or high this time, Roy?

[Roy]

Offended 

[fehk2001]

2 hours ago, goldmember44 said:

Do you think the queen's beast bullion gold pieces will retain their premiums in years to come?

I don’t think it will retains but price will go crazy especially 1/4 range bullion 

because their mintage is around 13k , finial and confirmed for lion , griffin is 11k 

they are bullion , but low enough mintage for what it is 

[goldmember44]

1 minute ago, fehk2001 said:

I don’t think it will retains but price will go crazy especially 1/4 range bullion 

because their mintage is around 13k , finial and confirmed for lion , griffin is 11k 

they are bullion , but low enough mintage for what it is 

Makes sense, those figures are quite low for bullion...and the coin designs are wildly popular, many collectors are focusing on this series. I think the proof gold will do even better, being of very low mintage.

[fehk2001]

13 minutes ago, goldmember44 said:

Makes sense, those figures are quite low for bullion...and the coin designs are wildly popular, many collectors are focusing on this series. I think the proof gold will do even better, being of very low mintage.

The proof gold wouldn’t do as good as bullion that’s because they have a much higher entry point at 500 pounds 

bullion relatively cheap at 280 ( before gold price gone up 4 weeks ago )

Silver is already expensive and their mintage is huge 100 k plus for lion ?also quality is bad due to milk spot and tranish 

if people realise one thing , spot price is 275 pounds , 1/4 bullion lion is 320 pounds in forum , that means 45 pound a coin 

silver 2oz lion spot is 22 pound and selling for 55-60 pounds , consider with the mintage and problems above 

bullion 1/4 beast is a great buy . 

[fehk2001]

32 minutes ago, Clens92 said:

How to ruin your reputation in one thread... are you drunk or high this time, Roy?

Roy don’t mean to be rude , he is just using short form to reply 

yesterday me and @sovereignsteve was discussing the same tropic . I am on Roy’s side . Lots of these sets were purchase ages ago and gold price was much lower but when it passes to the next generation, there is not information on how and where to sell so when the next generation receive the set they will only looking at gold content , that’s why some maybe melted if not Hatton garden would be out of business by now ( that’s one example)

[fehk2001]

Matt 2019 has a chance but u have to gamble 

1) royal mint don’t release Matt again 

2) low mintage even lower than 20 k 

the odds are reward isn’t that good if this is pure gamble 

[Kman]

I'd guess the 2018 indian sov would be a better bet, I haven't bought either though so I obviously don't believe in either enough to pay the premium, even though I like them. 

[sovereignsteve]

29 minutes ago, fehk2001 said:

yesterday me and @sovereignsteve was discussing the same tropic .

I don't remember us discussing Roy's reputation!