Overpriced Gold from Royal Mint

[Guest]

Article in today's Sunday Telegraph warning of high prices for Gold coins. Latest £5 gold coin to celebrate Charlotte birth is 52% gold value and 48% profit!

I do not say RM should not make a profit but the asking prices are extravagant and just about guarantee a large loss for all buyers.

[Kman]

The prices really are extravagant, just have to look at the Lunar Year of the Sheep One Ounce Gold Proof Coin 

 

1 oz of gold.. £1,950.00!

[Paul]

Available at HGM in a few months @ 3% over spot some time soon. If you want this awful awful design

[Pipers]

Anyone who buys from the Royal mint at those prices is a fool.  There must be plenty of fools around otherwise the royal mint would lower the prices.

[sovereignsteve]

It's one of the ways the economy gets such a boost whenever there's a royal baby born!

[terry40]

I was looking at the Royal mint website for my pap on Tuesday and I thought their prices were hefty, but he didn't seem to mind as it only increase the worth of his collection. I'm no where near that level yet.

[HawkHybrid]

many rm products do not hold their prices over the years.

like everything else, choosing carefully is important.

 

HH

[terry40]

He's very much in to his sets and fist say covers etc. Ever week he ask me to check/look up various coins and sets. It gets me thinking to how he knows or has so much. I feel a bit of a chump when I take my silver around to show him knowing he trumps it with one coin but I'm always happy to learn something new.

[Melon]

I was looking at the Royal mint website for my pap on Tuesday and I thought their prices were hefty, but he didn't seem to mind as it only increase the worth of his collection. I'm no where near that level yet.

 

I'm not sure this makes sense. What you pay for something doesn't increase the worth of the collection unless others are willing to buy it off you for the same! Would rather buy more gold than pay high premiums 

[sovereignsteve]

He's very much in to his sets and fist say covers etc. Ever week he ask me to check/look up various coins and sets. It gets me thinking to how he knows or has so much. I feel a bit of a chump when I take my silver around to show him knowing he trumps it with one coin but I'm always happy to learn something new.

far better to pull out a few silver coins that you paid spot + 20% for and are now worth double spot and more rather than some gold coins that he paid double spot for and are now worth spot + 20%

[terry40]

Very true!!

[Guest]

I was looking at Chard who show the issue price of each rm coin or set.

The 2007 gold 50p I bought recently was issued at 350 and is now worth 450 to 500. A new coin with the same gold weight is 800 with a resale of 450 .

How can it ever make sense to buy new!

It's like buying a car or a new watch at a main agent. You will get something shiny to show off with but will lose 9 times out of 10 on resale.

[StackemHigh]

Overpriced as always!