2022 Sovereign design revealed?

[Roy]

Ah...I see, thanks!

I was wondering what people were on about, I received my 2022s a year ago.

A new thread should've been started perhaps, this one began June 2021.

Now then, Memorial Coins. I ordered a full and a half ar the same time. The money for the full was taken straight away but the money for the half was held only, and now is back free in my account. This is common RM practice of course, but I thought they were specific that funds would be taken immediately?

Both coins say 'In progress' and awaiting dispatch.

Am I in the same club here?

 

 

 

 

[kimchi]

15 minutes ago, sovereignsteve said:

There is no question that the dealers we all use to buy these sovereigns from wouldn't fulfil their legal and moral obligations.

You mean 'would' surely?

[Mtaybar]

3 minutes ago, Roy said:

Ah...I see, thanks!

I was wondering what people were on about, I received my 2022s a year ago.

A new thread should've been started perhaps, this one began June 2021.

Now then, Memorial Coins. I ordered a full and a half ar the same time. The money for the full was taken straight away but the money for the half was held only, and now is back free in my account. This is common RM practice of course, but I thought they were specific that funds would be taken immediately?

Both coins say 'In progress' and awaiting dispatch.

Am I in the same club here?

 

 

 

 

My money was taken and kept. Still in progress and not expecting that to change anytime soon. 

[Simmoleon]

The reality is I understand peoples frustrations with the price, the mintage figures, the wait and the potential of QC issues. Also reading how long some have been waiting for other coins etc, it’s clear the mint needs to get a grip of this because it’s getting a reputation for not delivering and to be honest, I’ve been on the end of some absolute stinking QC from RM but in their defence they’ve always tried to rectify the issues.

I would like to know why they are selling coins and taking money but having nothing to send out, It’s naturally going to frustrate people especially in the run up to Christmas. The positive is this is a historic coin and something different so I’ll put up with all of the above as I think it’s a coin worth owning. 

 

[Yorkshiremanc]

I wonder if we can send an invoice to the Mint for interest that would have accrued on the money had it been in a bank…😂

[GoldDiggerDave]

I'm up to  17k worth of cancellations with the RM this evening, so if anyone has missed out keep an up date on the RM website a few items will be back in stock. I've had it with paying up front only for the date being kicked back.   

I'm happy to pay a 10% deposit upon agreement of a delivery date, then pay 90% the week before they arrive.  But paying all up front for them to keep kicking that date back, are we being used to keep them solvent?

[sovereignsteve]

25 minutes ago, Yorkshiremanc said:

I wonder if we can send an invoice to the Mint for interest that would have accrued on the money had it been in a bank…😂

It hasn't been worth thinking about for quite a few years now, but in this era of rising rates, it's an idea!

[blackadder]

3 hours ago, JamesH said:

I’ve gone ahead and cancelled. Although I thought there’d be a ‘cancel’ option but couldn’t find one so sent an email via the contact us page. To those that have done this before, is that the right way to do it? Thanks

Might take them 16 years to refund you

[TheShinyStuff]

I'm a relative newcomer to this proof sovereign business. I've been around a while, I have a little gold, but am (was?) mainly a silver guy. 

I bought the 2022 proof full sov as it was a piece of history and very attractive to my eye. It was also the first such sovereign that I was in a position to buy on release. It is now probably my favourite single coin that I own.

I have ordered the memorial full sov as it too is a piece of history. I wasn't planning to lay out that sort of cash again so soon, but there you go! It will probably be the last such coin I buy for a while. Its an expensive habit to keep up.

Whilst I appreciate the frustration of some that we have paid up front and don't actually know for sure when we will receive the coins, I'm genuinely not bothered. As a long term purchase the inability to flip doesn't matter to me, nor does instant increase in value (or lack of). My kids will sell it, not me.

My coin is paid for, I will receive it soon enough and in all likelihood it will be in decent condition. I'm an adult, I can wait a few weeks, it's not a big deal. I'm just happy that I'm in a fortunate enough position to be able to own one. 

[JJH]

Miss a lot message!!!If any of you are planning to cancel the 4 coin set please private message me first and I will give you my knees🤗serious

[blackadder]

11 minutes ago, JJH said:

Miss a lot message!!!If any of you are planning to cancel the 4 coin set please private message me first and I will give you my knees🤗serious

ok your knees and 3k lol 😂

[JJH]

If anyone give up 4coins set,and I take it,I will give up my 3coin set🤣

[westminstrel]

4 hours ago, JJH said:

Miss a lot message!!!If any of you are planning to cancel the 4 coin set please private message me first and I will give you my knees🤗serious

This sounds very wrong. 😆

[JJH]

1 hour ago, westminstrel said:

This sounds very wrong. 😆

I am very serious!!!! I won't give you my hand any more🤣don't even think about it

[GoldDiggerDave]

5 hours ago, TheShinyStuff said:

I'm a relative newcomer to this proof sovereign business. I've been around a while, I have a little gold, but am (was?) mainly a silver guy. 

I bought the 2022 proof full sov as it was a piece of history and very attractive to my eye. It was also the first such sovereign that I was in a position to buy on release. It is now probably my favourite single coin that I own.

I have ordered the memorial full sov as it too is a piece of history. I wasn't planning to lay out that sort of cash again so soon, but there you go! It will probably be the last such coin I buy for a while. Its an expensive habit to keep up.

Whilst I appreciate the frustration of some that we have paid up front and don't actually know for sure when we will receive the coins, I'm genuinely not bothered. As a long term purchase the inability to flip doesn't matter to me, nor does instant increase in value (or lack of). My kids will sell it, not me.

My coin is paid for, I will receive it soon enough and in all likelihood it will be in decent condition. I'm an adult, I can wait a few weeks, it's not a big deal. I'm just happy that I'm in a fortunate enough position to be able to own one. 

My 10p's worth.....and I know the market for these and being and adult who's waited  a year for coins from the mint and still waiting.   This proof sovereign could be the first special reverse that has not followed the trend of appreciating like all the other special reverse sovereigns.  Is this a  Gothic Crown moment for the proof sovereign, especially if they do another special reverse in 2023  or likely 2 proof sovereigns ?

Yes I'm totally fed up of having almost 30k of orders in for these only now, only after they have got my money they told me will be early February, but if they don't come until February there is very little runway for these to get hype or interest before the next "new coin" comes out.    Regardless if you keep or flip your coins I do both those flipping coins also drive the market for those holding them and everyone benefits even the "real collector" 

The Royal Mint never took and held your money for this long this is only a new policy they seamed to have adopted, yes I have a RM credit account but not for the full amount plus I buy off other suppliers.  

(The Flipper in me)  If the RM are taking my money 3 months in advance to hedge the market my only option is to use their waiting time to also hedge the market against them  and if I can not sell what I've still got on order and or make arrangements to flip then I suppose I can cancel what I don't move.  

(The collector in me) I personally think the memorial sovereign is one of the nicest looking reverses I've seen and even the Obverse is a fantastic depiction of KCIII and the legend I especially like being very clean compared to other monarchs,  so I'll keep a couple 5 coin sets for the collection knowing that they could not be the desirable set that will appreciate like other special reverse proof sovereigns.

The Royal Mint are killing the secondary market for collectable proof coins, I'll mention the gothic again......I had the opportunity to sell them in December 2021 for 2.5k profit now in December 2022 they are worthless,  hands up who's loaded up on these Gothihc's and taken a bath? (I know more  a good few of you personality who have) Only the 2oz gold was worth buying if you were invited to buy one.    

3 months+ to get a new proof sovereign dispatched when only  last year I got mine in a few weeks  not good for anyone and this is before theres more "production issues" and don't for get your returns folks.....If you get these February onwards  and you need to send back and return it could be April 2023 before you have a good set by then it could be game over for them I hope not but the RM are botching  market right up due to their lead time, quality and production issues. 

Ultimately the decision is your own hands,  you pay your money and take your chance.

 

 

 

 

 

 

 

 

 

 

[Paul]

[Zhorro]

2 hours ago, GoldDiggerDave said:

Yes I'm totally fed up of having almost 30k of orders in for these only now, only after they have got my money they told me will be early February, but if they don't come until February there is very little runway for these to get hype or interest before the next "new coin" comes out.    Regardless if you keep or flip your coins I do both those flipping coins also drive the market for those holding them and everyone benefits even the "real collector" 

By February the novelty of the new King's portrait will have worn off.  Presumably the 2023 Annual set will have been released in January - and it will be popular.  By February people will be looking forward to the Coronation releases (2023 proof sovereign, bullion, and SOTD sovereign?).  This will be an expensive time.

Happily my sovereign supplier is not wanting paying until January for the Memorial release.

[Britannia47]

18 hours ago, JJH said:

Miss a lot message!!!If any of you are planning to cancel the 4 coin set please private message me first and I will give you my knees🤗serious

I would like to thank our TSF friend from Taiwan for inadvertently relieving the tension on this topic!

If I was part of the financial elite on TSF who could afford a 5 coin, 4 coin, or even a 3 coin set I could be tempted by this offer. Unfortunately I already have 2 replacement knees, as a result of too much road running in the past, including the London Marathon!

At present I am very relaxed about the Memorial issue, as I only ordered a single Sovereign, and am prepared to wait patiently for its arrival in January. No stress whatsoever - Lovely! 🙂

 

Edited December 2, 2022 by Britannia47

[Darr3nG]

2 hours ago, GoldDiggerDave said:

hands up who's loaded up on these Gothihc's and taken a bath?

😭 🙋‍♂️

[GoldDiggerDave]

22 minutes ago, Darr3nG said:

😭 🙋‍♂️

You and me both mate.  

 

[CaptCaveMan]

2 hours ago, GoldDiggerDave said:

My 10p's worth.....and I know the market for these and being and adult who's waited  a year for coins from the mint and still waiting.   This proof sovereign could be the first special reverse that has not followed the trend of appreciating like all the other special reverse sovereigns.  Is this a  Gothic Crown moment for the proof sovereign, especially if they do another special reverse in 2023  or likely 2 proof sovereigns ?

Possibly, possibly not.

The sets have sold out, the remainder are still available but the normal amounts minted for a proof have already gone.  These maybe a slow burner right now but with everything going on this year I'm not really surprised.

For me, I'm continuing to collect the key date Sov's as long as I can afford them, I believe the mint has gouged most of the profit in these with their price increase but tbh I'll never see it (hopefully) as I view these simply as savings set aside for the next generation of cavemen.

Give it ~20 years and the ascension of King William and I suspect these will more collectable.

[GoldDiggerDave]

14 minutes ago, CaptCaveMan said:

Possibly, possibly not.

The sets have sold out, the remainder are still available but the normal amounts minted for a proof have already gone.  These maybe a slow burner right now but with everything going on this year I'm not really surprised.

For me, I'm continuing to collect the key date Sov's as long as I can afford them, I believe the mint has gouged most of the profit in these with their price increase but tbh I'll never see it (hopefully) as I view these simply as savings set aside for the next generation of cavemen.

Give it ~20 years and the ascension of King William and I suspect these will more collectable.

 

A key date sovereign sets historically have done well but will this set even be considered the main key date  set especially when there will be a coronation set next year,  just being devils advocate here, we all want to think we are buying something that will hopefully appreciate in price but we have seen the car crash of the Gothic and that was the best coin in the range imo.  
 

Just thinking they have always done well is no guarantee of future success, I like the memorial sovereign and will hold a couple 5 coin sets however I’m sceptical of this key date set more than others I’ve bought due to the self made sabotage of the RM over producing and under delivering which looks like their business model going forward. 

[paulmerton]

They still seem expensive to me, but at the end of the day they will always be the first Charles III sovereigns and have a special intricate design.

[Touvex]

Just injecting some Friday positivity back in this thread to balance out the atmosphere, I'm keeping my order, nothing has changed except for the delivery date, these still are:

• A great design by JC.
• The very first coin of a new monarch.
• Part of the, arguably, most popular coin series in the world with the most collectors (i.e. massive demand now and in the future). Different to all other modern series.
• And, although mintage figures are high, they are still much lower than 1989, 2002 and 2005.

If anything, the demand may be higher due to the cancellations.

I stand by my comment about 100 pages ago, though I enjoy the 360s in this thread. Nothing is 100%, but we are likely seeing the complete collapse of coin market if these fail to appreciate in the short, medium and long term.

Strong hands guys! Remember to look at the facts and analyse for yourself rather than be swayed by other people's opinions and mood. 

Edited December 2, 2022 by Touvex

[SiCole]

Must be a fun morning in the RM cancellations department