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Sir Walter Scott coins out on the RM


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47 minutes ago, CollectorNo1 said:

Hi..strange day to do it as usually Mondays...The Rm have some new coins...Silver proof, Piedfort and a Proof £2Gold mintage 175.... and still saying in stock if anyone didn't know or is interested.. 

Yes, all still in stock - I guess coin fatigue is setting in.

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Alice in Wonderland has been the best seller this week of the new issues, only 175 struck One Ounce versions sold out by the Mint. Collectors are starting to pick their coins carefully amidst the plethora of releases. A tactic that used to inundate the market with coins from places such as the Isle of Man and the Falkland Islands struck by the Pobjoy Mint.

Allgold Coins Est 2002 - Premium Gold Coin Dealer and Specialists :  

www.allgoldcoins.co.uk

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I'm not interested in the Alice coins but can understand why people like them..takes them back to their childhood..but very hard to sell for  a profit...keeping them for a long term investment might pay dividends....but looking back on other coins...Beatrix potter...Peter Rabbit.. paddingtons etc....they are now selling for such cheap prices on ebay....silver proofs that the RM were selling for around £70 are now going for £20-30.... on ebay.....flippers who sell them on the day make a few £££££'s,but as time goes on they devalue in price very quickly........

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I think if the price was right and the quality in design and manufacture was ever present then these coins aimed at the average person on the street would buy them and make them a success.

Winnie the pooh , Padington , Alice , Mr Men and the like should have enough general collectors out there to sell out but they don't the question is Why?

 

16 hours ago, CollectorNo1 said:

Too many coins coming out of the RM.....Flooding the market...people just don't have the money atm to keep buying......

Is it just coin collectors that these coins are aimed at then yes too many but i'm thinking that the royal mint is trying badly to get more people to buy their expensive badly designed and poorly made tat.

The errors on the H.G. Wells coin were shocking even for the royal mint!

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It's just a money making opportunity by the RM...Its becoming "Overkill" now to which Scientist,Inventor, film or TV character they can come up with for their next coin or edition...I think the lack of interest for these collector coins that are not being swept of the shelves could be down to a direction change for those collectors who are now looking to invest in bullion..But it could also be that people just don't have the money to keep purchasing these coins that the RM are pumping out each week..

 

 

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My electrician is a damn nice chap; he's done work on multiple properties for me since about 1990 and even now at aged over 70 all the local farmers rely on his skills to keep them up and running.

I'm apalled the RM have not yet released a coin in his honour, I assume they will wait until 2022 ............. 😁

A society grows great when old men plant trees whose shade they know they will never sit in.

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35 minutes ago, CollectorNo1 said:

It's just a money making opportunity by the RM...Its becoming "Overkill" now to which Scientist,Inventor, film or TV character they can come up with for their next coin or edition...I think the lack of interest for these collector coins that are not being swept of the shelves could be down to a direction change for those collectors who are now looking to invest in bullion..But it could also be that people just don't have the money to keep purchasing these coins that the RM are pumping out each week..

 

 

This goes back to the so called privatisation  of the Royal Mint in 2009, not the Tory party as you would suspect but under Labour. Its a private company now with 1 share holder, 'The Treasury'. I think the part of the Mint that actually makes UK currency is separate. They actually made a loss for a few years until they came up with the idea to issue more commemorative coins and get involved in the bullion trade. Someone at the Mint clearly saw what Pobjoy were doing with the provincial  issues and had a brain wave to go down the same route using the Royal UK Mint as the selling point.

As a dealer I have to offer the latest coins, but also stay true to the traditional market such as sovereigns, these have sat in the background steadily going up in value, and the market is a lot more stable especially for investors.     

Allgold Coins Est 2002 - Premium Gold Coin Dealer and Specialists :  

www.allgoldcoins.co.uk

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