Modified coins? Good investment??

[KarlBrighton]

Hi everyone. 

 

I'm new to stacking/collecting coins. 

I've bought some beautiful 2oz Queens Beasts recently with the gold and ruthenium. I didn't realise at time of purchase that these coins are not Royal Mint issue but have instead been modified by another company and packaged as limited mintage coins.

 

What are your thoughts about whether these coins are a good investment? Will they hold the value??

 

I paid around £120 per coin including nice case and C.O.A.

 

Thanks!!

[Relm]

I'm new to this so take my opinion with a large pinch of salt.  Depends on condition and which queens beast it was as some seem to be more desirable than others.  Its really difficult to judge what will be sought after in the next few years which is why i stick to bullion.

[KarlBrighton]

Thanks for your comment! Coins are perfect and will remain in capsules. I guess no one ever really knows if a coin will be a good investment!?! I also have bullion!

[TheShinyStuff]

If you are happy with them then it's all good. You may struggle to get your money back if you ever sell however. I think as a rule 3rd party modified coins aren't particularly popular on the secondary market. But as I said, if you like them then its money well spent!

[KarlBrighton]

Thanks for that! Yes they are wonderful coins. I am a bit disappointed with PowerCoin though as they do not make it clear that a lot of their coins are modified. As a newbie that information would have been useful in my buying decisions! I guess you live and learn!!! 

[Gordy]

6 minutes ago, KarlBrighton said:

Thanks for that! Yes they are wonderful coins. I am a bit disappointed with PowerCoin though as they do not make it clear that a lot of their coins are modified. As a newbie that information would have been useful in my buying decisions! I guess you live and learn!!! 

Its a huge learning curve.... but a good ride along the way

[KarlBrighton]

Yes! Learning a lot! Have spend the last week watching documentaries about gold mining and mint processes!! I clearly have too much time on my hands!!!

[motorbikez]

They probably won't be a good investment in a financial sense, but if they make you happy that's all that counts.

[Bigmarc]

I think it's good to have a mixture of everything in your collection if you are holding for a long time. I often think the same about hand poured art. Those pieces take a great deal of time and effort to make, so there is a relative premium. They will still sell but in the right market. 

If you want quick easy sales, it's probably best to sick to your standard bullion.

[TheShinyStuff]

48 minutes ago, KarlBrighton said:

As a newbie that information would have been useful in my buying decisions! I guess you live and learn!!! 

As a newbie joining this forum is the smartest thing you could have done! Welcome.

[Gordy]

I've had my finger hovering over a burning Britannia a few times but I stay strong and have so far managed to stay off the purchase button, god help me if i have a few shandies but seriously if you pay £80.00 plus for a 1oz coin its purely down to personal choice as you know deep down its worth a lot less but long term you would probably get a return on it at some point so if its going into a collection and you want it... why not!! I got the Queens beasts with a couple of them way way over spot,,, (that pesky Griffin) but i wanted them for me and my kids when i transfer to the silver mine in the sky and didn't regret it one moment even though i know it is a premium coin... if you buy it, its only who you tell that knows.. 

[27carrots]

That powercoin site seems pretty sketchy.

They sell full sovereigns for

299.95 Euros =

256.62984 British Pounds

but just happen to be out of stock...

Want a 50p for over 2 grand?

[MrB]

I think it depends on the type of colouring. I've seen lots of Liberty's with what I can only assume are the equivalent of decals on them that to my mind wont increase their value unless you really are into whatever the decal image represents (Donald or Ivana trump dollars anyone?)

However, some of the more specialised ones certainly do look interesting. Personally, I only go for bullion, proof or antiqued, but sometimes I see something that's coloured with gold, lacquer or some other interesting materials that actually bring out the coin more than it being plain... then I will consider it. The Magpie in me sometimes takes over. But plain old decals... not worth the extra in my opinion. 

[KarlBrighton]

Thanks to everyone for your input!

[HillWalkerDundee]

@KarlBrighton.

You have hit the nail on the head. 

Most of my funds are in stocks and shares with a large amount in physical silver (I do not believe in not really there silver). I expect there to be a long time before I get a return as per traditional metrics but, in the meantime, unlike shares, I can enjoy a thing of beauty that gives me great pleasure.

[sixgun]

Coloured coins generally don't do well. i got a few and a few coloured coins get appreciated but in general not.
One of our number put up some enamelled QB's as i remember @ilovesilverireallydo - they got quite a few positive comments.
i have seen some of these ruthenium gold gilded Queens Beasts. You probably wouldn't breakeven on them if you put them up for sale on say ebay but you wouldn't be far off. 
The average collector here wants coins as they came out of the mint. Examples that have been messed with are frown at.
If you really like the coins that is fine - you have not gone a millions miles wrong but personally i would look out for an opportunity to offload the coins and get other examples which are in mint condition.