Three graces coin

[AndrewSL76]

2 minutes ago, SovCollector said:

LPM has released the 2kg silver this week at a staggering price of £27,000. Not surprisingly, it is still available. Royal Mint sold the entire lot to their Asian counterparts. None will be available from the RM.

As for the 1kg, I briefly saw it pop up on the RM page a couple of hours after the launch... but I think it was a website error as it quickly disappeared. I doubt the RM will be releasing any 1kg Graces. My spidey sense tells me it will only be available through BCC. Does that mean ridiculous pricing? My gut feeling says it will be around the £15,000, but I could be VERY wrong about this.

Give me strength. This is so disappointing. I would absolutely have bought a 1kg coin if made available at the usual price. £15k is outside my comfort zone.

[AndrewSL76]

9 minutes ago, Altitudes said:

Oof, a bit expensive but still would love to buy one

I agree. However, it isn’t actually that bad when you consider the ratios over spot for the retail prices on the 2oz and the 5oz. The Kilos are a gamble given the size and limited market, but if you get one that is sought after it is absolutely a good investment.

[ExpatBrian]

2 minutes ago, AndrewSL76 said:

Give me strength. This is so disappointing. I would absolutely have bought a 1kg coin if made available at the usual price. £15k is outside my comfort zone.

I’m just going based on the 2kg price listed by LPM. If they have exclusive rights to it, they can make up whatever pricing they want. 
Similar to LPM, BCC loves to put a hefty price tag on their coins. If they’re also the exclusive sellers of the 1kg.... ugh! 
I’ll call my AM tomorrow and do some digging around 🧐

[Altitudes]

Would be pretty cool to have the design on a bigger piece of silver like that, I think the kilo Una's turned out well.

[Chrisplym]

28 minutes ago, SovCollector said:

I’m just going based on the 2kg price listed by LPM. If they have exclusive rights to it, they can make up whatever pricing they want. 
Similar to LPM, BCC loves to put a hefty price tag on their coins. If they’re also the exclusive sellers of the 1kg.... ugh! 
I’ll call my AM tomorrow and do some digging around 🧐

If you can let me know what you are able to find out then that will be appreciated. Many thanks.

[ExpatBrian]

23 minutes ago, Chrisplym said:

If you can let me know what you are able to find out then that will be appreciated. Many thanks.

I definitely will do mate. If RM is selling them, it’ll be a fraction of the cost that BCC would sell them for.

[Paul]

https://www.ebay.co.uk/itm/Pre-Sale-Three-Graces-2020-UK-Two-Ounce-Gold-Proof-Coin-Sold-Out/333898262510 = 23/02 £25,000

https://www.ebay.co.uk/itm/Royal-Mint-Great-Engravers-Three-Graces-Two-Oz-Gold-Proof-Coin-W-Wyon-Rare/124592833414 = 25/02 £27,000

https://www.ebay.co.uk/itm/ROYAL-MINT-THREE-GRACES-2020-2oz-GOLD-COIN-ENGRAVERS-EDITION-RARE-ISSUE-21/274695809253 = 27/02 £29,213

Three gold sale thus far on FleaBay to set the bar for starting values

Still think we need to see what the first few sell for at a proper coin auction to ascertain the assumed market value to be

Encouraging for those holding the gold. 

Nearly +£25,000 profit is not too shabby at all 

What are the values people have heard speaking to dealers and on FB groups ? for what they are paying for them??

[MancunianStacker]

12 hours ago, CadmiumGreen said:

I can understand your frustration, buddy! Often times it’s difficult to understand the variables at play. I am sure most of them try their hardest to satisfy their customers, and they probably face constraints and limitations posed by The Royal Mint. All variables and differing experiences alike. I am in a pseudo-“customer” support role at work...and I feel I am not in the right role, and see how challenging it can be to manage expectations. I’m hoping I get fired from that role!🤣 As an aside, I have other responsibilities which I know they won’t let me go!

Just laughing at the hopeI get fired from that role. Yes I can imagine they have a lot of expectant customers complaining to them daily.

[MancunianStacker]

11 hours ago, goldhunter said:

I think who your RM AM is makes a big difference. Mine used to be Geraint and he was always very helpful. My current AM  Sadie is a lovely lady but only gets in touch when trying to flog the poorly received RM  coin launches, nothing on the 3G from her

I was told Sadie was excellent by someone. So I guess it depends on the day and who they call and get through too 👍🏻 

[MancunianStacker]

8 minutes ago, SovCollector said:

I definitely will do mate. If RM is selling them, it’ll be a fraction of the cost that BCC would sell them for.

I hear one dealer has exclusive rights to the 2kg. So sounds like LPM

[goldhunter]

1 hour ago, MancunianStacker said:

I hear one dealer has exclusive rights to the 2kg. So sounds like LPM

Pardon my ignorance but who is LPM?

[Paul]

Just now, goldhunter said:

Pardon my ignorance but who is LPM?

https://www.lpm.hk/2020-2oz-great-britain-the-great-engravers-collection-three-graces-999-silver-proof-coin.html

HONG KONG coin dealer 

[GoldenGriffin]

13 hours ago, BrumChris said:

Agree for gold. Silver has the downside that it may milk spot in a very ugly way.

I hear what you're saying and to an extent, I agree - on initial receipt of any silver coin, it could look okay, but then later develop milk spotting, so speed in grading and selling on, may play a part.

However, having said that, I had about 40 oz's of silver bullion for a number of years and none of it developed any milk spotting.

So, not sure how common it is? 🤔

Edited February 28, 2021 by GoldenGriffin
.

[GoldenGriffin]

18 hours ago, louisfinlay said:

Well said. ppl will look back and say why didn't i listen! 70 could return 7k

Wow, 7k!

Is that the maximum that the 2oz silver proof Una and the lion went for?

Marketing and where the coins are sold really helps drive prices higher i.e. if I was a multi-millionaire 😀🙂😉😄🤔.....

Sorry, got distracted 😅

If I knew the same coin, that I was bidding for at a relatively prestigious auction house, was also selling on ebay for 10's of multiples less, I would still source the coin through the auction house, due to having more desirable provenance (history) and to throw that encounter into conversations at elaborate dinner parties, makes for a more exciting conversation 🥳🥂

If the said multi-millionaire bought it from Ebay, you're less likely to mention it and may feel less exciting.

Psychology very much plays a part.👌

Edited February 28, 2021 by GoldenGriffin
.

[AndrewSL76]

Just a question to get the thinking going, but if you were going to sell your 2oz Graces, what would be the price that would mean you absolutely would sell? 

Mine is £2,250. That’s the price I would absolutely sell at. I could be tempted by less too, to the right person.

I could get it graded and wait or I could just wait and see what happens, but a near £2,000.00 return is something that for me is the tipping point.

[NewCoins]

16 hours ago, fehk2001 said:

There are some 2oz on eBay going over 3000 pounds to 4000 pounds now surely it’s a cracking earner !!! 😁

3k ? Not seen one "sell" for that much

 

11 minutes ago, AndrewSL76 said:

Just a question to get the thinking going, but if you were going to sell your 2oz Graces, what would be the price that would mean you absolutely would sell? 

Mine is £2,250. That’s the price I would absolutely sell at. I could be tempted by less too, to the right person.

I could get it graded and wait or I could just wait and see what happens, but a near £2,000.00 return is something that for me is the tipping point.

I would take 2k today, no ebay fees or anything.

I have printed the NGC forms going to grade my first ever coin. I think its better that way if I keep it or not.

[Chrisplym]

I agree Andrew. There is generally a tipping point between keeping and selling, and it will vary from person to person. A £2,000 profit is very good, but I really like the design and will most probably keep mine at the moment. I would need to think very carefully about it if an offer was received.

[Roy]

£500.

That way I will have doubled my money and it will match what the coins will be worth next year. I mean 3,500 mintage?!

The price of these coins has been driven by the dealers. How much do BCC want?!

Look who is offering the big money. The dealers, chasing up the prices. £1200, £1600, £2000 etc. etc. People who have more money than you.

Collectors are not offering anything, they are waiting. Waiting for the fall from grace.

 

 

 

[GoldenGriffin]

Also, to add, I think there was a strategy, releasing the Alderley version of the 3G first, to try distract and remove some of the competition from the release of the RM version i.e. where the patterns originated from.

I think the RM versions are the collectors choice.

Edited February 28, 2021 by GoldenGriffin
.

[NewCoins]

11 minutes ago, Roy said:

£500.

That way I will have doubled my money and it will match what the coins will be worth next year. I mean 3,500 mintage?!

The price of these coins has been driven by the dealers. How much do BCC want?!

Look who is offering the big money. The dealers, chasing up the prices. £1200, £1600, £2000 etc. etc. People who have more money than you.

Collectors are not offering anything, they are waiting. Waiting for the fall from grace.

 

 

Tell you what will give you 600.

Shall I PM you?

[Roy]

Sorry, you are not a Premium Member

[MancunianStacker]

19 minutes ago, Roy said:

£500.

That way I will have doubled my money and it will match what the coins will be worth next year. I mean 3,500 mintage?!

The price of these coins has been driven by the dealers. How much do BCC want?!

Look who is offering the big money. The dealers, chasing up the prices. £1200, £1600, £2000 etc. etc. People who have more money than you.

Collectors are not offering anything, they are waiting. Waiting for the fall from grace.

 

 

 

Still waiting for the Unas to fall, it’s been a year already 😂 

Edited February 28, 2021 by MancunianStacker

[NewCoins]

5 minutes ago, Roy said:

Sorry, you are not a Premium Member

That's easily solved!

[1stsovereign]

If anyone has got silver 3G 10oz coin please get in touch.

[Roy]