2020 Una and the Lion

[TheGoldSovereign]

5 minutes ago, MancunianStacker said:

If mintage remains the same and no further ones produced they might hold? Versus Price compared to owing the original. 

I just don't see who is buying them at 25k, I can afford one but wouldn't even be that fussed at released price, where is the collector value? I mean sure the design is great and iconic, but it's modern coin for christ sake.

Almost all sales of these that I've heard of have gone to dealers, from dealer to dealer, and in auction from dealer to a dealer. I don't know a single serious collector who is sitting on one, doesn't that say something?

[MancunianStacker]

6 minutes ago, TheGoldSovereign said:

I just don't see who is buying them at 25k, I can afford one but wouldn't even be that fussed at released price, where is the collector value? I mean sure the design is great and iconic, but it's modern coin for christ sake.

Almost all sales of these that I've heard of have gone to dealers, from dealer to dealer, and in auction from dealer to a dealer. I don't know a single serious collector who is sitting on one, doesn't that say something?

Could be owner from Far East buying them all up! Lock them away for “Dynastic” wealth purposes. A nice inheritance for one of many grandchildren. Give it 20 years might be worth more then??? Who knows what they’re thinking 💭 

[TheGoldSovereign]

2 minutes ago, MancunianStacker said:

Could be owner from Far East buying them all up! Lock them away for “Dynastic” wealth purposes. A nice inheritance for one of many grandchildren. Give it 20 years might be worth more then??? Who knows what they’re thinking 💭 

Anyone who thinks they can buy this at 25k and double their money is sadly a lost cause

 

[Zhorro]

9 minutes ago, TheGoldSovereign said:

Anyone who thinks they can buy this at 25k and double their money is sadly a lost cause

 

But the really interesting thing will be, what happens when the second coin in the series is released!

When the Una and the Lion was released, I was having my breakfast, and I resented the fact I was being forced into taking a snap decision to spend £4,000.  At the time, I, like most other people I would suggest, had no idea that the secondary market price would reach these silly levels.

I think when the next one in the series is released (Gothic??), a lot more people will be trying to buy the gold 2oz version, and consequently it will probably be immediately offered in the secondary market at £15,000-£20,000.  So, the question is, do I try and buy this next one?

[goldmember44]

3 hours ago, Paul said:

As spot is up nearly +6% for the month, I wonder if auction bids on the gold Una and lionin coin cabinets sale will be up +6% of the last hammer price ?? 

At this pricing level, the market price of gold has almost no influence anymore The vast majority of its value is collector premium, with the gold price probably making up no more than 10% of the equation.

[goldmember44]

26 minutes ago, Zhorro said:

 

I think when the next one in the series is released (Gothic??)

I really doubt that the next Great Engravers edition is going to be the Gothic design, since that one was also created by William Wyon....they would probably select a design from another engraver next time.

As to your question....there really is no guarantee that the next edition will also be lucrative in the secondary market like the Una, it remains a risk you will take. I doubt it will reach the same levels of the Una, but will probably be profitable as well, in my opinion. If I have the cash available at the time I would go for it I think.

[BrumChris]

1 hour ago, Zhorro said:

But the really interesting thing will be, what happens when the second coin in the series is released!

When the Una and the Lion was released, I was having my breakfast, and I resented the fact I was being forced into taking a snap decision to spend £4,000.  At the time, I, like most other people I would suggest, had no idea that the secondary market price would reach these silly levels.

I think when the next one in the series is released (Gothic??), a lot more people will be trying to buy the gold 2oz version, and consequently it will probably be immediately offered in the secondary market at £15,000-£20,000.  So, the question is, do I try and buy this next one?

I can't think of any other coin with the iconic appeal. 

I think it will play out as follows:

1. Manic buying by flippers and a sell out in under an hour (assuming a similar mintage). 

2. Prices on the secondary will increase driven by flippers buying at 6-8k thinking they can sell for 20k. 

3. No real buyers will appear at that price so flippers will panic and the price will tumble to 2.5 to 3k leaving many nursing a big loss. 

If people have got the guts to risk it I'd recommend selling fast at a reasonable profit (2-4k) to hook a quick sale and within the 14 days return period. Take payment via bank transfer, make clear no returns and detail every part of the coin and case in the description to try and prevent a 'not as described' claim. 

[sovereignsteve]

16 minutes ago, BrumChris said:

Manic buying by flippers and a sell out in under an hour (assuming a similar mintage). 

it will probably sell out in minutes, even at £4k, assuming they don't ramp up the price.

I expect there to be very few on offer for the general public, most will be reserved for retailers and VIPs

[sovereignsteve]

what flip profit there is will depend on the design mainly and the mintage

[BrumChris]

4 minutes ago, sovereignsteve said:

it will probably sell out in minutes, even at £4k, assuming they don't ramp up the price.

I expect there to be very few on offer for the general public, most will be reserved for retailers and VIPs

That might not bother with retailers. 

[sovereignsteve]

1 minute ago, BrumChris said:

That might not bother with retailers. 

did any of them get stocks of the Una, I wasn't taking much notice at the time?

[BrumChris]

18 minutes ago, sovereignsteve said:

did any of them get stocks of the Una, I wasn't taking much notice at the time?

Coin Connection and London Coin Company plus a few foreign dealers. 

[sovereignsteve]

21 minutes ago, BrumChris said:

Coin Connection and London Coin Company plus a few foreign dealers. 

no reason they won't get any of the new issue then. The mint tends to look after them.

[Kman]

I can't remember the username sorry but when I saw someone on here sell and swap the gold Una for a beautiful George III 1761 Pattern Guinea it really seemed like a no brainer where the true value is

edit>

 

Edited February 21, 2020 by Kman

[MancunianStacker]

3 minutes ago, Kman said:

I can't remember the username sorry but when I saw someone on here sell and swap the gold Una for a beautiful George III 1761 Pattern Guinea it really seemed like a no brainer where the true value is

edit>

 

That’s a real £35k coin!!! 🤩 

[Paul]

2 minutes ago, Kman said:

I can't remember the username sorry but when I saw someone on here sell and swap the gold Una for a beautiful George III 1761 Pattern Guinea it really seemed like a no brainer where the true value is

Yes, it was a lovely purchase. Parking your profit into something 259 years old.  I wonder what Una will be worth in the year 2,279 ??  

 

[Guest]

4 hours ago, TheGoldSovereign said:

Anyone who thinks they can buy this at 25k and double their money is sadly a lost cause

 

The 1937 Edward VIII sovereign doubled its money from 500k to 1m in 2 years and thats just a tiny bit of gold.. I sold my Gold Una and I put the proceeds in a 1853 half sovereign proof and very happy I did. Did i get the maximum in the market, no i sold too early and I should have waited but i am happy to have something that is extremely rare, very beautiful and with a price history of 170 years.

[wolfiemac]

I have a silver one but bought it to keep and may get it graded at some point, but I think as soon as a few people start selling the gold ones the prices will start too fall which will cause more coming up for sale, people trying to cash in before it drops. 

I'm probably wrong but I can't see it maintaining these prices, will fall rapidly when people start flippin.

Or not lol

 

[AndrewSL76]

Unless the mintage figures for the next in series are changed (increased) then the gold edition may not even make it to the website. This is exactly what happened with the 53 mintage Queen 2oz Gold coin. This was offered to the Mint’s preferred customer base (including those with credit accounts) and sold out before the series was launched on 17 Feb.

[Roy]

14 minutes ago, AndrewSL76 said:

This is exactly what happened with the 53 mintage Queen 2oz Gold coin. This was offered to the Mint’s preferred customer base (including those with credit accounts) and sold out before the series was launched on 17 Feb.

Doesn't that mean, by definition, that it fails to be classed as a collectible?

 

[richatthecroft]

29 minutes ago, Roy said:

Doesn't that mean, by definition, that it fails to be classed as a collectible?

 

I was thinking the same thing- if a coin isn’t directly issued to the public- then it would be not dissimilar to issues such as the 1953 Mary Gillick Portrait Proof issue for Her Majesty.  

Edited February 22, 2020 by richatthecroft

[AppleZippoandMetronome]

30 minutes ago, Roy said:

Doesn't that mean, by definition, that it fails to be classed as a collectible?

 

Its a good point. I think one big down side of both the 2oz gold and silver Queen Music Legends coins is that so few people seemed to know about them. Even on here it seemed there was only a handful of us that were paying attention to that release. If people don't know about them...  where does the demand come from to inflate value? There is certainly a danger attached to these sneaky non public releases.

[AndrewSL76]

34 minutes ago, Roy said:

Doesn't that mean, by definition, that it fails to be classed as a collectible?

 

Bang on the money. Exactly. Such a shame that there isn’t a public release.

[BrumChris]

I'm guessing that most of the people that bought the gold aren't Queen fans and just grabbed one to flip. With only 53 made I think it will be fine.

I'm sure that word will get out over time about the silver but I'm not sure it will do as well as una so might stick around £400.

[silverdocket]

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