2019 Matte Sovereign Price Increase.

[CWD]

I went on the Royal Mint website to purchase another 2019 matte Sovereign. It seems its 450 pounds now instead of the 365 pounds it has been for many months. I was a bit irritated as was bothered by them seeling out of the proof they still need to make a profit and now raise the matte. Pissed me off!!

[sovereignsteve]

10 hours ago, CWD said:

I went on the Royal Mint website to purchase another 2019 matte Sovereign. It seems its 450 pounds now instead of the 365 pounds it has been for many months. I was a bit irritated as was bothered by them seeling out of the proof they still need to make a profit and now raise the matte. Pissed me off!!

Irritated isn't the word. £450 is ridiculous; they weren't selling any before until spot rocketed and I doubt they'll sell any more this year now.

[terakris]

Especially when if you're quick you can get a sotd one for 500 quid. It is a huge leap in price. Shame cos they are really nice.

[fehk2001]

22 minutes ago, terakris said:

Especially when if you're quick you can get a sotd one for 500 quid. It is a huge leap in price. Shame cos they are really nice.

That’s a big “ if “ isn’t 😉 

[gazer]

16 hours ago, CWD said:

I went on the Royal Mint website to purchase another 2019 matte Sovereign. It seems its 450 pounds now instead of the 365 pounds it has been for many months. I was a bit irritated as was bothered by them seeling out of the proof they still need to make a profit and now raise the matte. Pissed me off!!

I just checked myself and that is a very big increase. Feel same as you.

[Shep]

On 05/09/2019 at 18:45, terakris said:

Especially when if you're quick you can get a sotd one for 500 quid. It is a huge leap in price. Shame cos they are really nice.

I think we can guarantee that we will also be gouged in the future for any strike on the day releases.

I feel £500 will appear a paltry sum compared to what they have in store....😔

[Oldun]

Effectively, they stuck VAT on the proofs etc.......

[Kookaburracollector]

The Royal Mint buy gold on a three monthly futures contract. The coins for sale up until now, have been priced on the gold price in June, since then spot has risen significantly..this accounts for the hike in prices.

[fehk2001]

6 minutes ago, Kookaburracollector said:

The Royal Mint buy gold on a three monthly futures contract. The coins for sale up until now, have been priced on the gold price in June, since then spot has risen significantly..this accounts for the hike in prices.

but when gold price drop they don't drop their price 😅 

[Kookaburracollector]

The problem is ..in the last year the gold price has only risen on a 3 monthly basis..

 

[fehk2001]

12 hours ago, Kookaburracollector said:

The problem is ..in the last year the gold price has only risen on a 3 monthly basis..

 

How about previous year or two the 3 months charts was down 

so where is the reduction ? 

[Kman]

Who in the world would buy one for £450 

[sovereignsteve]

22 hours ago, Kookaburracollector said:

The Royal Mint buy gold on a three monthly futures contract. The coins for sale up until now, have been priced on the gold price in June, since then spot has risen significantly..this accounts for the hike in prices.

to be fair, there has been a good lag since gold rocketed.

now they've put prices up, spot will fall😁

[Shep]

I’m interested to hear peoples thoughts on the future of Matt BU sovereigns.

Is this just for 2019 or will all BUs and SOTD’s now be matt?

I like the finish and hope they are just something special for this year. I fear however, that the Royal Mint will milk the cash cow and they are now here to stay.

[Martlet]

The collector in me would quite like a regular matt BU, though i'd only pay a modest premium.  

[westminstrel]

Too many variations have imo already killed the Sovereign 😐 

Most people just haven’t realised it yet. 

[kimchi]

I think the modern Sov will go strong for as long as Liz and despite understandable frustration and disappointment amid collectors the coins will do well in future.

[westminstrel]

Possibly. Maybe long after we’re all dead and gone these will be the variations that matter in the 2100s. Or perhaps global weather change and it’s consequences will render all such luxuries obsolete 😆