2022 Sovereign design revealed?

[Mtaybar]

I called today to see if I can send my 3 coin sovereign set back for replacement as it has a very small mark on the full sov. I was told I can and they'll replace it not refund it but I'm a bit nervous as I've heard some have been told it's keep it or lose it. What should I do.... I'm not worried about the mark personally but if and when I come to resell it might put some off. 

[James32]

8 minutes ago, Mtaybar said:

I called today to see if I can send my 3 coin sovereign set back for replacement as it has a very small mark on the full sov. I was told I can and they'll replace it not refund it but I'm a bit nervous as I've heard some have been told it's keep it or lose it. What should I do.... I'm not worried about the mark personally but if and when I come to resell it might put some off. 

I have no idea when my full sovereign will be replaced but I'm promised it will 🤷‍♂️ that's about all I can add I'm afraid. 

My situation is a lot easier though as even if I end up with refund I wont loose out ( secured a set on secondary market)

But I was under the impression you had to send everything back if it's a set being replaced? And if so what's the chances of getting three perfect coins in return? 

Personally I'd return it ( I have lol) but it's a long drawn out process with still no end in sight. 

[Mtaybar]

3 hours ago, James32 said:

I have no idea when my full sovereign will be replaced but I'm promised it will 🤷‍♂️ that's about all I can add I'm afraid. 

My situation is a lot easier though as even if I end up with refund I wont loose out ( secured a set on secondary market)

But I was under the impression you had to send everything back if it's a set being replaced? And if so what's the chances of getting three perfect coins in return? 

Personally I'd return it ( I have lol) but it's a long drawn out process with still no end in sight. 

I don't mind it taking time if it comes back perfect. Problem is I've heard they've told some it's a keep it or lose it deal and that's what worries me. I don't think the left hand knows what the right hand is doing in the Royal Mint sometimes so I'm nervous if I'll get it back at all. The person on the phone might tell me one thing and then despatch might have other ideas 🤷

Edited December 14, 2021 by Mtaybar

[James32]

1 minute ago, Mtaybar said:

I don't mind it taking time if it comes back perfect. Problem is I've heard they've told some it's a keep it or lose it deal and that's what worries me. I don't think the left hand knows what the right hand is doing in the Royal Mint sometimes so I'm nervous if I'll get it back at all. 

Completely understand!

have you considered making an absolutly perfect set out of everything you have ( I mean get the microscope out and really examine) then just send the whole set back for refund?? Spend the cash on bullion sovereigns...I appreciate their was a sentiment in acquiring 2 but it's an option. 

[Mtaybar]

1 minute ago, James32 said:

Completely understand!

have you considered making an absolutly perfect set out of everything you have ( I mean get the microscope out and really examine) then just send the whole set back for refund?? Spend the cash on bullion sovereigns...I appreciate their was a sentiment in acquiring 2 but it's an option. 

I have looked at the second set and everything looks pretty perfect but I'll get the magnifier back out before I send the other one off to be sure. I'll probably keep the 2 sets. Whether I keep them forever is another question but if I popped off tomorrow at least the kids have one each lol. 

[James32]

6 minutes ago, Mtaybar said:

I have looked at the second set and everything looks pretty perfect but I'll get the magnifier back out before I send the other one off to be sure. I'll probably keep the 2 sets. Whether I keep them forever is another question but if I popped off tomorrow at least the kids have one each lol. 

It's a shame though that you have to send the whole set back( assuming that's correct??) and not just the problem coin.

[Mtaybar]

4 minutes ago, James32 said:

It's a shame though that you have to send the whole set back( assuming that's correct??) and not just the problem coin.

Yeah... It's the whole thing. 

[James32]

Just now, Mtaybar said:

Yeah... It's the whole thing. 

Makes no sense, 

So say they only replace 1 coin ,why the need for the stupidity in sending back set ( increased risk of damage to box or other coins Whilst in their possession)

Scenario 2, they replace whole set 🤔 then where is good coins 2 and 3 in your set going👀

Something somewhere is getting regurgitated and this whole restrike promise may be a guise ( not implying they wont restrike some) but I doubt with so many good coins going back they will restrike all.

[Mtaybar]

2 hours ago, James32 said:

Makes no sense, 

So say they only replace 1 coin ,why the need for the stupidity in sending back set ( increased risk of damage to box or other coins Whilst in their possession)

Scenario 2, they replace whole set 🤔 then where is good coins 2 and 3 in your set going👀

Something somewhere is getting regurgitated and this whole restrike promise may be a guise ( not implying they wont restrike some) but I doubt with so many good coins going back they will restrike all.

Right... I think they take all the good ones and make good sets. All the problem ones will go to the melting pot and re-struck is my thinking. That could be the reason for replacements taking so long. 

[James32]

4 minutes ago, Mtaybar said:

Right... I think they take all the good ones and make good sets. All the problem ones will go to the melting pot and re-struck is my thinking. That could be the reason for replacements taking so long. 

👌

[MJCOIN]

16 hours ago, Ukbullionfan said:

Has there been an exact release date of the normal 2022 one being released yet? apparently it’s already been out some places have told me . I’m not sure if they were chatting fraff though.

4th Jan for the bullion version I believe.

[Fivepoundfred]

Recently noticed on the NGC pop report that 105 2022 five coin sets have already graded 70 and 1 set at 69 ? To get numbers like that on all five coins they must have been cherry picked.

Wonder when and where these will show up and for what price ?

[Ukbullionfan]

3 hours ago, MJCOIN said:

4th Jan for the bullion version I believe.

Where did you see this ?

[Tn21]

The secondary market for these 2022 proofs seem to be on a slight decline. Not that it bothers me but has the hype died down drastically ? 

[Foster88]

19 minutes ago, Tn21 said:

The secondary market for these 2022 proofs seem to be on a slight decline. Not that it bothers me but has the hype died down drastically ? 

This is just my opinion, but I think the initial decline is normal. The ‘hype’ is over, or rather the initial hype is over.

RM released the Gothic Crown two weeks ish after 2022 proof sovereign.

This is the first time in the history of this country that we’ve seen a monarch reach a platinum jubilee and we won’t see another again in our lifetime.

Are you going to remember a proof sovereign for a monarch that has reached a milestone in history or are you going to remember the Great Engravers?

I know which I’ll remember.

[MJCOIN]

5 hours ago, Ukbullionfan said:

Where did you see this ?

I think it was Bullion by Post or Gold.co.uk

[jultorsk]

5 hours ago, Tn21 said:

The secondary market for these 2022 proofs seem to be on a slight decline. Not that it bothers me but has the hype died down drastically ? 

Might be it's the same as was speculated with Gothics - buyers realise it's Christmas and need to liquidate in time for buying pressies for the family. 🤔🤷‍♂️

("Diamond hands" for the win, lol 🤚 💠 ✋)

[AndrewSL76]

7 hours ago, Tn21 said:

The secondary market for these 2022 proofs seem to be on a slight decline. Not that it bothers me but has the hype died down drastically ? 

Not so sure - the 2022s on sale at Coins of the Realm (auction tonight) are doing pretty well.

[AndrewSL76]

1 hour ago, jultorsk said:

Might be it's the same as was speculated with Gothics - buyers realise it's Christmas and need to liquidate in time for buying pressies for the family. 🤔🤷‍♂️

("Diamond hands" for the win, lol 🤚 💠 ✋)

Coins of Realm have one too:

 

[James32]

9 minutes ago, AndrewSL76 said:

Coins of Realm have one too:

 

I'd imagine a lot of eyes will be on this to gauge a realistic current price 🤔 

Maybe we should all jump on it and bid it up😁 the rest of you can go first of course.

Seriously though its a little mad that a 3 coin sovereign set and a 2oz silver coin have the same top estimates but these are the times we live in I suppose. 

[AndrewSL76]

10 minutes ago, James32 said:

I'd imagine a lot of eyes will be on this to gauge a realistic current price 🤔 

Maybe we should all jump on it and bid it up😁 the rest of you can go first of course.

Seriously though its a little mad that a 3 coin sovereign set and a 2oz silver coin have the same top estimates but these are the times we live in I suppose. 

I know. Try offering someone a half sovereign for a 2oz silver coin - they then say, yeah, but you need to add on a further £200.00. Crazy times. 

[Simmoleon]

15 minutes ago, James32 said:

I'd imagine a lot of eyes will be on this to gauge a realistic current price 🤔 

Maybe we should all jump on it and bid it up😁 the rest of you can go first of course.

Seriously though its a little mad that a 3 coin sovereign set and a 2oz silver coin have the same top estimates but these are the times we live in I suppose. 

Time will tell but if I had to put my money on which is the best investment I’d take the 3 coin set every time

[James32]

Just now, Simmoleon said:

Time will tell but if I had to put my money on which is the best investment I’d take the 3 coin set every time

Hope so, because my eggs are well and truly in that basket 🤣

[Mtaybar]

5 hours ago, AndrewSL76 said:

I know. Try offering someone a half sovereign for a 2oz silver coin - they then say, yeah, but you need to add on a further £200.00. Crazy times. 

Wait until the 2oz silver GC starts showing milk spots. See if they'll except your offer then lol

[Mtaybar]

The sovereign in my view is an absolute belter of a coin and the fact that sovereign's are always well desired coins and have literally stood the test of hundreds of years, proves in my mind that this jubilee design will be one of the most remembered and sought after coins for any sovereign collector. Even if spot value dives I believe the desire for these 2022 proof coins will hold them to at least their retail value if not above. I think it's very unlikely that another monarch will be on the thrown far as many years as she has.