2020 Una and the Lion

[sovereignsteve]

1 minute ago, Paul said:

Jeez, +£12k profit in a month not to be sniffed at

Think I'm just gonna be sitting on this, ive no urge to sell yet @sovereignsteve either gonna be best decision or worst decision ive made. Maybe i should do coin flip Heads or Lions 

mmmm as you say, £12k - 14k profit is a temptation.

IMO there is a good chance this is as good as it will get for a long time.

Long term it will probably exceed this but I can see the price dropping after the initial surge as the few collectors prepared to pay £18k -20k are satisfied.

[Paul]

24 minutes ago, sovereignsteve said:

mmmm as you say, £12k - 14k profit is a temptation.

IMO there is a good chance this is as good as it will get for a long time.

Long term it will probably exceed this but I can see the price dropping after the initial surge as the few collectors prepared to pay £18k -20k are satisfied.

Absolutely, this is a cracking profit to be had off one coin, it would be my best profit to date on anything ive bought or sold over the years wheeling and dealing all manner of items

How high can it go? I don't know? is it really worth £18k? i don't know.  Has this guy over paid buying it? or got him a bargain that will be a lot higher in years to come if next to none come to market?

All is supply vs demand

A nice £12-£14k profit would certainly add a nice few extra 10-11oz gold for FREE to the stack average

To be totally fair, i still don't think eBay is best yardstick for value, it will be the first few that sell through the traditional Big Boy specialist coin auctions , where the benchmark level is set via the hammer price.  The historical records of price and will not disappear to be forgotten like eBay completed sales results disappear after a few months. 

The guide price/estimate will be helped by what known eBay sales have been for thus far.  I dont think Mr Fat Cat City Millionaire Financier Coin Collector is sat on eBay in his boxers on Boxing Day looking to save £1k on the cheapest Gold Una 

I would also feel a little daunted selling such a valuable item through eBay auction, given its open to exploitation by one sided buyer listing policies.  It would have to be a cash deal in person

Edited December 26, 2019 by Paul

[RoughDog]

Stock photos on a £18,000 item.  😏

What mad man would buy that.

Edited December 26, 2019 by RoughDog

[sovereignsteve]

18 minutes ago, Paul said:

To be totally fair, i still don't think eBay is best yardstick for value, it will be the first few that sell through the traditional Big Boy specialist coin auctions , where the benchmark level is set via the hammer price

Hammer price plus buyer's premium, amount to seller hammer price minus seller fees.

Example

Baldwins: Hammer price £10k, seller receives £10k, buyer pays £12.4k (assuming they still offer zero seller fees for coins with hammer above £1k)

Coin Cabinet; Hammer price £12.4k, buyer pays £12.4k, seller receives £11.16k

[Roy]

I've changed my mind @Paul 😁

I'd now sell it. Let's say you gain 12-14k profit..

You're an entrepreneur/businessman I guess? That's a lot of working capital.

What could you turn 12k into over the space of a year? A successful man could do very well. Real profits, not speculation eh?

IMHO 😊

 

[BrumChris]

1 hour ago, Paul said:

I would also feel a little daunted selling such a valuable item through eBay auction, given its open to exploitation by one sided buyer listing policies.  It would have to be a cash deal in person

Exactly. There was a common scam a few years ago where someone paid through PayPal and arranged to collect, someone turned up but ten minutes later the 'real' buyer arrived and then claimed a PayPal refund. 100% has to be cash on collection.

[Paul]

18 minutes ago, Roy said:

I've changed my mind @Paul 😁

I'd now sell it. Let's say you gain 12-14k profit..

You're an entrepreneur/businessman I guess? That's a lot of working capital.

What could you turn 12k into over the space of a year? A successful man could do very well. Real profits, not speculation eh?

IMHO 😊

 

Thanks for the input @Roy  my gut still says just to hold it and see what happens.  Time will tell, I will still be following Gold Una and how sales go in the secondary market

See where this live .co.uk auction ends at in a few days. See how equal to the £18k sale of today has been

 

[Paul]

On 22/12/2019 at 01:46, Melon said:

I felt dirty just reading that sellers description. Perhaps they can get a job at The Westminster Collection 😂

 

On 21/12/2019 at 18:00, Paul said:

i found this on eBay.com Alderney issue £5 2019 Una & Lion issue - they are sprouting up all over ! 

https://www.ebay.com/itm/2019-Alderney-UK-5-Pounds-1-17-Gold-PCGS-PR70DCAM-Una-and-The-Lion-Mintage-400/223792604424?hash=item341b142508:g:-Z0AAOSwncJd9BoW

$9,9999 / £7,659 GBP

 

This Gold Alderney Una has sold in the past few days for $9,995

[Paul]

https://offer.ebay.com/ws/eBayISAPI.dll?ViewBidsLogin&item=392554151864&rt=nc&_trksid=p2047675.l2564

It looks like a second Gold Una from London Coin Company's $49,995 offering on .com has been sold via best offer a yesterday on 26th  to a buyer with x44 feedback

Cant see what the offer was accepted though  

[Heliopolis]

my friend would like to return his silver una because it was defective ,he contacted the royal mint and they accepted to replace it .But he is living in italy , and the italian post refused to return it because its prohibited to ship coin in accordance to their policies . Any ideas how he can send it back would be highly appreciated .thanks

[westminstrel]

42 minutes ago, Heliopolis said:

my friend would like to return his silver una because it was defective ,he contacted the royal mint and they accepted to replace it .But he is living in italy , and the italian post refused to return it because its prohibited to ship coin in accordance to their policies . Any ideas how he can send it back would be highly appreciated .thanks

Hmm that’s interesting. I am in Australia so have no clue about this. But is it the “national post” that refuses, or also private courier companies? Seems strange that you can’t ship coins out at all.

[Heliopolis]

6 minutes ago, westminstrel said:

Hmm that’s interesting. I am in Australia so have no clue about this. But is it the “national post” that refuses, or also private courier companies? Seems strange that you can’t ship coins out at all.

 it s the national post that refuses , do you know any private company who accept to ship coins ? 

[westminstrel]

@Heliopolis - I do not as I am in Australia, sorry. But I’m sure some of our European members here might be able to offer suggestions for private couriers, if indeed they will ship coins.

[Stacker2020]

You could always try FedEx or UPS

[medgasguy]

I was told the exact same thing by my local post office in here in the states. I had a coin ready to ship back to The Royal Mint and they told me that I could spend the money to send it only to have it be returned to me because of some regulation that prohibits shipping silver, gold and platinum coins to the entire U.K. Needless to say I am at a loss for words as to why they don't allow it and it has changed the way I will order in the future.

[silverdocket]

1 hour ago, Stacker2020 said:

You could always try FedEx or UPS

 According to their policy's they don't ship 🚢  precious metals....

 Funny that I receive it from them all the time in Ireland 

 

Edited December 27, 2019 by silverdocket

[Melon]

3 hours ago, Heliopolis said:

my friend would like to return his silver una because it was defective ,he contacted the royal mint and they accepted to replace it .But he is living in italy , and the italian post refused to return it because its prohibited to ship coin in accordance to their policies . Any ideas how he can send it back would be highly appreciated .thanks

To be honest, I'd put the problem directly to the Royal Mint. If they sell to your location, they need to accept returns from your location when the item is defective. 

Ask them what shipping service they would like you to use to return to them and ensure they are comfortable covering the cost and any risk of loss in transit. In any event make sure you get proof of postage. 

[goldmember44]

I see a gold Una has sold yesterday on Ebay for £18,000 .... 

Coin Connection's price for the silver proof is now £250. Many are selling on Ebay for £250 - £300 and more.

Edited December 27, 2019 by goldmember44

[Guest]

My gold UNA and the Lion arrived and she is a beauty. I am very glad I stopped the car at 10:30am and ordered one at the side of the road .... good call that one

 

 

[AurumArgenti]

I had my finger on the trigger and chickened out.🙄

[Paul]

shes a beauty ! when mine came , it was the first time ive not seen gold, just AS gold, i just want to keep this - were you the same Russell ? 

a thing of beauty, keep it hold it - see what happens  

[kimchi]

8 minutes ago, Paul said:

shes a beauty ! when mine came , it was the first time ive not seen gold, just AS gold, i just want to keep this - were you the same Russell ? 

a thing of beauty, keep it hold it - see what happens  

If you pick the 'right' coins you should get this feeling to some extent whatever they are (excluding bullion, but even so not always) imho.

[Paul]

7 minutes ago, kimchi said:

If you pick the 'right' coins you should get this feeling to some extent whatever they are (excluding bullion, but even so not always) imho.

my first time time I have been WOWED !

its bad enough, parking £1k of fiat for £1k of gold, ie for a 1oz krugerrand or Britannia  

Get a nice warm secure feeling ive done the right thing. But this gold una did something different, its not just gold 

[kimchi]

Just now, Paul said:

my first time time I have been WOWED !

its bad enough, parking £1k of fiat for £1k of gold, ie for a 1oz krugerrand or Britannia  

Get a nice warm secure feeling ive done the right thing. But this gold una did something different, its not just gold 

I am sure it's an absolute knockout but imvho you haven't bought the correct kind of coins (for your own taste!) if this is the first time!

[Paul]

1 minute ago, kimchi said:

I am sure it's an absolute knockout but imvho you haven't bought the correct kind of coins (for your own taste!) if this is the first time!

the fiat ££ upside in a month may have clouded my judgement how i see Una now