Royal Mint - Great Engravers 2021 - Gothic Crown information

[NewCoins]

1 minute ago, GoldDiggerDave said:

Quality issues are personal choice and it’s a trade off between how hard you look vs what you are willing to accept.  The RM has to make more available for exchange until they can drive the quality up.  On a very high demand coin you always run the risk of a palm off refund.  
 

Grading……said this before it’s a lottery, I’ve sent coins that I would have point blank rejected and some in here would be blasting Anne Jessopp……these all got PR70UC…….and at the same time I sent a totally perfect coin of the same one and got a PR69UC.  
 

 

Thanks Dave. As always , appreciate the wisdom.

As long as its not a dead on 68 or less I might take the risk...

[Samcrewsilverlover]

5 minutes ago, NewCoins said:

Can you see the yellow rings in the post you quoted, quoted ?

No..sorry must be going blind lol.

[NewCoins]

3 minutes ago, Samcrewsilverlover said:

No..sorry must be going blind lol.

Is this better ?

[SilverJacks]

18 minutes ago, GoldDiggerDave said:

I’ve sent coins that I would have point blank rejected and some in here would be blasting Anne Jessopp……these all got PR70UC…….and at the same time I sent a totally perfect coin of the same one and got a PR69UC.  

I wonder what people would prefer, the seemingly flawed 70 or the seemingly perfect 69?

I have changed my mind on this several times. At one point I thought I would prefer the 69 for two reasons. One is that it would be better value to own a 69 and the cash difference. Another reason that with the coin appearing perfect, you shouldn't let the label decide how much you enjoy it.

I have since decided that I'd prefer a 70. I simply choose to trust the professional graders judgement(s) in a 70 having no post production flaws. Whatever issue is had with it is just the way it was made. Compared to a 69 that appears perfect but the pros have noticed something that drags it down...

 

[Samcrewsilverlover]

21 minutes ago, NewCoins said:

Is this better ?

Now I can...its horrible to see any marks when you are expecting something that should be proof...the creme de la creme..was it just the one coin with problems? 

[GoldDiggerDave]

@SilverJacksanswer to the question most would want a 70.  It’s so easy to be blinded by the label than look and appraise the coin themselves. But ultimately it’s the referees decision on the grade.  
 

the price difference between a 69 and a 70 can be tremendous. Nothing wrong at all picked up some good valued 69’s.

 

[TeaTime]

It shouldn't be a question of luck when a coin goes in for grading but it sometimes can be... Any production flaw should not affect the grade, any post-production flaw can affect the grade. That's from the NGC website.... The problem with that is who determines which type of flaw it is. And if you disagree with the grader you have to pay again for a re-grade. 

The flaw on the rim looks like a definite production issue so shouldn't adversely affect the grade.

 

[NewCoins]

5 minutes ago, TeaTime said:

It shouldn't be a question of luck when a coin goes in for grading but it sometimes can be... Any production flaw should not affect the grade, any post-production flaw can affect the grade. That's from the NGC website.... The problem with that is who determines which type of flaw it is. And if you disagree with the grader you have to pay again for a re-grade. 

The flaw on the rim looks like a definite production issue so shouldn't adversely affect the grade.

 

I really appreciate your view 👍

[Samcrewsilverlover]

45 minutes ago, TeaTime said:

It shouldn't be a question of luck when a coin goes in for grading but it sometimes can be... Any production flaw should not affect the grade, any post-production flaw can affect the grade. That's from the NGC website.... The problem with that is who determines which type of flaw it is. And if you disagree with the grader you have to pay again for a re-grade. 

The flaw on the rim looks like a definite production issue so shouldn't adversely affect the grade.

 

But how can you possibly prove if it's Pre or Post??

[GoldDiggerDave]

1 hour ago, TeaTime said:

It shouldn't be a question of luck when a coin goes in for grading but it sometimes can be... Any production flaw should not affect the grade, any post-production flaw can affect the grade. That's from the NGC website.... The problem with that is who determines which type of flaw it is. And if you disagree with the grader you have to pay again for a re-grade. 

The flaw on the rim looks like a definite production issue so shouldn't adversely affect the grade.

 

Hi Teatime, I’ve batted this debate out with a friend of mine were does production stop and post-production start?   At the point the coin gets put in the box? Or the moment the coin has been struck? 

RM quality control should be very clearly stated on their website, we have all seen the blurb on RM proof quality of coins, but in the case of a issue they refer to passing the coins by eye at arms length forget 3 or 5 magnification they say if imperfections can not been seen at arms length then it’s passable……..I’ve already asked who’s arms and who’s eyesight but not got an answer in that one yet. 

 

[Samcrewsilverlover]

12 minutes ago, GoldDiggerDave said:

Hi Teatime, I’ve batted this debate out with a friend of mine were does production stop and post-production start?   At the point the coin gets put in the box? Or the moment the coin has been struck? 

RM quality control should be very clearly stated on their website, we have all seen the blurb on RM proof quality of coins, but in the case of a issue they refer to passing the coins by eye at arms length forget 3 or 5 magnification they say if imperfections can not been seen at arms length then it’s passable……..I’ve already asked who’s arms and who’s eyesight but not got an answer in that one yet. 

 

Haha not surprised...their QC dept must be 1 person who just takes no interest regarding QC ( Which they are employed for)....because he/she wants to get home for their dinner,night out or going on a date with their Girlfriend or boyfriend..clock watchers....5pm..they are out of the office..😆😆😆😆😆😆😃

[Bars]

9 hours ago, Bars said:

Because we all love a pound note!

They used to be notes once upon a time.

[James32]

5 minutes ago, Bars said:

They used to be notes once upon a time.

Wish they still were!

I'd run about with a brief case full of them lol.

[Oldun]

13 hours ago, SilverMike said:

Everyone is a flipper imo, just different strokes for different folks. unless you’re getting buried with them, but even then you are just keeping them for the flippers of the future.

Id be interested to hear from those that adamantly deem themselves not flippers as to what is an acceptable period of time to hold a coin to say you are a genuine collector and at the point is there an acceptable % uplift over what you paid on release that you deem not profiteering? Or do you need to sell at what you paid (irrespective of time and markets) to not be a flipper? if the market has crashed and you sell for what you paid is that ok?

i get it, ive been annoyed when ive missed releases but i dont hold it personally against those selling, yes some regret and undoubtedly envy but i just accept it, but everyone is different 

Interesting question. I would deem a real collector to be someone who would only sell a coin (in their lifetime) to upgrade (or expand) his/her collection.

Edited January 15, 2022 by Oldun

[Roy]

flipper
A trader who attempts to make a small profit by very quick in-and-out buying and selling. For example, a flipper might try to take advantage of a hot market for new issues by purchasing a new issue at the offering and then selling it on the first day of trading.

By this definition, I am not a flipper. I admit I buy the coins to sell for more at a later date but I also accept the risk that the market may contract, or dissolve completely!

What leaves a bitter taste in my mouth are those who offer for sale coins that they haven't taken possession of for twice the retail price. Buying two to sell one to reduce the cost of your keeper makes sense, but leave some meat on the bone.

 

Edited January 16, 2022 by Roy

[westminstrel]

To me… the way I see MYSELF as a collector, is that I COVET the coins I really love. I love OWNING them. I love the fact they BELONG to ME. That I HAVE a piece of history… art… craftsmanship.

I’m not shouting - I’m just highlighting the words that are resonating with me when I define myself as a collector.

However…

That doesn’t mean I may not buy a coin I don’t care about for the sole reason of flipping it to make some extra cash so I can afford to buy more of the coins I do love.

I think COLLECTOR - FLIPPER is a spectrum and not so black and white.

1.  Some people only collect.

2.  Some people collect and also flip to make money to collect more.

3.  Some only flip.

The last category are the ones I look at with distaste. They have no love of coins at all - their interest is purely mercenary.

[Roy]

Me too. I've been thinking and talking about this event for 2 years.

I knew it would be special and even without knowing the design put money aside for a reasonably large purchase.

I'm 60 years old and Elizabeth has been the Queen for all of my life. This Jubilee means something to me.

I've commented on my thoughts on the monarchy elsewhere, but God save The Queen 🏴󠁧󠁢󠁥󠁮󠁧󠁿

[NewCoins]

16 hours ago, Samcrewsilverlover said:

Now I can...its horrible to see any marks when you are expecting something that should be proof...the creme de la creme..was it just the one coin with problems? 

Yes, as far as I can see anyway

[westminstrel]

9 hours ago, Roy said:

Me too. I've been thinking and talking about this event for 2 years.

I knew it would be special and even without knowing the design put money aside for a reasonably large purchase.

I'm 60 years old and Elizabeth has been the Queen for all of my life. This Jubilee means something to me.

I've commented on my thoughts on the monarchy elsewhere, but God save The Queen 🏴󠁧󠁢󠁥󠁮󠁧󠁿

Did you manage to get anything at all from this range?  If it means so much to you, I sure hope you have.  

[Roy]

@westminstrel, oops, I was confused and thought we were talking about the Platinum Jubilee collection!

No, I haven't been able to buy anything from the Great Engraver range, and believe me I tried! 

[James32]

1 minute ago, Roy said:

@westminstrel, oops, I was confused and thought we were talking about the Platinum Jubilee collection!

No, I haven't been able to buy anything from the Great Engraver range, and believe me I tried! 

Few 2oz silvers on the sales page Roy incase interested. 

[BarryWoods]

Is their a definite date on the Portrait yet.. I've been hearing March, but keep hearing Feb 7th, from a couple of reliable sources?

 

 

[James32]

6 minutes ago, BarryWoods said:

Is their a definite date on the Portrait yet.. I've been hearing March, but keep hearing Feb 7th, from a couple of reliable sources?

 

 

Sure that's not the SOTD sovereign?? 6th Feb.......can't imagine they would do two releases back to back.

But then again who knows lol.

Edited January 16, 2022 by James32

[Nobz]

Hi, anybody interested in buying 2oz silver Gothic Crown? Coin is pristine and can send it out next day special delivery? will sell for £480 and also pay delivery cost ( special delivery ). I just sold one on ebay but costs are extortionate so would rather sell direct if anyone interested. Let me know, thanks

 

[James32]

5 minutes ago, Nobz said:

Hi, anybody interested in buying 2oz silver Gothic Crown? Coin is pristine and can send it out next day special delivery? will sell for £480 and also pay delivery cost ( special delivery ). I just sold one on ebay but costs are extortionate so would rather sell direct if anyone interested. Let me know, thanks

 

Stick it on the sales page bud ( more traffic over there)