Royal Mint - Great Engravers 2021 - Gothic Crown information

[GoldDiggerDave]

@AndrewSL76 That's very reasonable some coin auctions charge at both ends.   The CC auction do they sell it direct from the customer or do they hold the coins?   Sorry if this is a silly question I've never sold via auctions before. 

[Stu]

28 minutes ago, GoldDiggerDave said:

@paulmerton The open orders make no sense on my account,  ordered 1 2022 sov,  open order  showed 3 and they sent and charged me for 2.......Work that one out.  

Are SOTD sov’s? Just wondering if any household limit in these?

[AndrewSL76]

9 minutes ago, GoldDiggerDave said:

@AndrewSL76 That's very reasonable some coin auctions charge at both ends.   The CC auction do they sell it direct from the customer or do they hold the coins?   Sorry if this is a silly question I've never sold via auctions before. 

Not silly. Both CoTR and CC sell for the consigner. You have to send the items to them first. They then send consignment agreements and depending on the item they confirm the seller premium. No other premiums apply.

Graded is usually 8 or 9% and FDC/raw is usually 10%.

So if an ungraded coin sells for £1,000.00 then the buyer pays £1,000.00 (plus postage/insurance) and the seller receives £880.00 (deducting the 10% plus VAT. Simple as that. 

CoTR also offer a deal for Paid TSF members which covers a lower percentage for consigners. 

Cheers.

[Aran]

41 minutes ago, BarryWoods said:

No takers. because it was NOT part of the pair.?. and really really silly timing on behalf of the seller... The POrtraits are out tomorrow.

 

But, no one can get a Portrait plain edge from RM  tomorrow.

 

people would have to buy plain edge Portait on the secondary market.. Anyone buying this Quartered Arms coin, at this auction, might find it extremely difficult to get the Portrait, nigh impossible, and might have to pay through the nose..

And thus everyone passed on it.. And I don't think that many people even new about it..

If you want to sell high value items at auction, you need to sell it in an auction alongside other high value items.. I suspect the first pair of these coins, no doubt graded. that are sold as a pair, say at Heritage Auctions, Will do rather well..!

IMHO

I was offered a raw plain edge Quartered Arms on the secondary market but (surprise surprise!) there was a quality issue as far as I was concerned. Considering the difference in value of most PF69 coins vs. PF70, I wasn’t prepared to pay the secondary market premium and take my chances on quality.

@Paulyou have a fantastic coin and it really is a long term hold for the pure enjoyment of owning such a beautiful ‘work of art’. I have the milled edge 5oz. gold and it is defo. one of my faves!
 

[BarryWoods]

I've been watching the rest of the auction..

 

Give that the average price of all the other coins being sold is/was less than £300s.. This was utterly the wrong auction to put this coin.

In fact the seller must have been mad, or very badly advised..

You only sell high value coins at auctions alongside other high value coins, which will attract all the bidders with deep wallets to add to their collection..

selling at auction is designed to achieve the highest price possible. so nobody is selling to flip, they are buying to keep for their collection....

 

This was a classic Million pound Ferrari, being auctioned along side 10 year old fiesta's to the trade..  Mad.  yet people think oh- prices are rubbish... because of this lol

[GoldDiggerDave]

4 minutes ago, BarryWoods said:

I've been watching the rest of the auction..

 

Give that the average price of all the other coins being sold is/was less than £300s.. This was utterly the wrong auction to put this coin.

In fact the seller must have been mad, or very badly advised..

You only sell high value coins at auctions alongside other high value coins, which will attract all the bidders with deep wallets to add to their collection..

selling at auction is designed to achieve the highest price possible. so nobody is selling to flip, they are buying to keep for their collection....

 

This was a classic Million pound Ferrari, being auctioned along side 10 year old fiesta's to the trade..  Mad.  yet people think oh- prices are rubbish... because of this lol

Agree, I'm watching London Coin auctions very closely in March.  

[BarryWoods]

49 minutes ago, BarryWoods said:

I've been watching the rest of the auction..

 

Give that the average price of all the other coins being sold is/was less than £300s.. This was utterly the wrong auction to put this coin.

In fact the seller must have been mad, or very badly advised..

You only sell high value coins at auctions alongside other high value coins, which will attract all the bidders with deep wallets to add to their collection..

selling at auction is designed to achieve the highest price possible. so nobody is selling to flip, they are buying to keep for their collection....

 

This was a classic Million pound Ferrari, being auctioned along side 10 year old fiesta's to the trade..  Mad.  yet people think oh- prices are rubbish... because of this lol

 

45 minutes ago, GoldDiggerDave said:

Agree, I'm watching London Coin auctions very closely in March.  

I'll add to that:

 

a million pound classic Ferrari auctioned alongside ten year old Fiesta's to trade, and the owner has decided to sell the matching numbers engine and gearbox and wheels, in another auction, or perhaps not at all..

 

This 2 coin release was designed to celebrate both sides of the Iconic 1847 Gothic Crown.. but someone just told me , on Facebook that he 'smart' money will SELL these individually... clearly forgetting, that to achieve maximum value, sellers need to understand what the buyers want..

[Petra]

36 minutes ago, BarryWoods said:

 

I'll add to that:

 

a million pound classic Ferrari auctioned alongside ten year old Fiesta's to trade, and the owner has decided to sell the matching numbers engine and gearbox and wheels, in another auction, or perhaps not at all..

 

This 2 coin release was designed to celebrate both sides of the Iconic 1847 Gothic Crown.. but someone just told me , on Facebook that he 'smart' money will SELL these individually... clearly forgetting, that to achieve maximum value, sellers need to understand what the buyers want..

In this modern age you don’t need to send anything to the larger specialist auction houses to make money. With the internet, anyone interested will find an item. Today, nobody wanted the expensive gold coin. Smaller local houses can do just as well. Before lockdown at a very small rural auction house I saw a rather unassuming Chinese plate go for ver £30,000. Internet, phone and in house bidder each bid. Surprising everyone, the Chinese man in the auction house won, paid by card, wrapped the plate into a shopping bag and asked for them to phone a taxi to the railway station.

[BarryWoods]

48 minutes ago, Petra said:

In this modern age you don’t need to send anything to the larger specialist auction houses to make money. With the internet, anyone interested will find an item. Today, nobody wanted the expensive gold coin. Smaller local houses can do just as well. Before lockdown at a very small rural auction house I saw a rather unassuming Chinese plate go for ver £30,000. Internet, phone and in house bidder each bid. Surprising everyone, the Chinese man in the auction house won, paid by card, wrapped the plate into a shopping bag and asked for them to phone a taxi to the railway station.

Sure.. but only if people know it's happening.. and high value items, should sit alongside other high value items, so if a richer person misses on one high value item, their is always your to tempt them.. the basics, still hold true?

[magpie79]

3 hours ago, GoldDiggerDave said:

Agree, I'm watching London Coin auctions very closely in March.  

Has any catalogs been sent out yet?

signed up awhile ago and not received anything from them 

Edited February 6, 2022 by magpie79

[James32]

Just put my clock forward 16hrs 34 mins and try to join the queue.....doesn't work 🙃

[Bruce06]

12 minutes ago, magpie79 said:

Has any catalogs been sent out yet?

signed up awhile ago and not received anything from them 

Usually around 3 weeks before auction date, so maybe this or next week.  Just have a look at their website n found the preview tab is removed, so the finalized catalogue maybe up soon.

[Bruce06]

2 hours ago, Petra said:

In this modern age you don’t need to send anything to the larger specialist auction houses to make money. With the internet, anyone interested will find an item. Today, nobody wanted the expensive gold coin. Smaller local houses can do just as well. Before lockdown at a very small rural auction house I saw a rather unassuming Chinese plate go for ver £30,000. Internet, phone and in house bidder each bid. Surprising everyone, the Chinese man in the auction house won, paid by card, wrapped the plate into a shopping bag and asked for them to phone a taxi to the railway station.

Chinese coins were all hammered at crazy prices in recent auctions as well.  Totally crazy.

[magpie79]

4 minutes ago, Bruce06 said:

Usually around 3 weeks before auction date, so maybe this or next week.  Just have a look at their website n found the preview tab is removed, so the finalized catalogue maybe up soon.

Thanks @Bruce06 much appreciated

ive run out of reactions 

[magpie79]

Sitting here all relax knowing I’ve secured the portrait already but suddenly realising  i have to join the queue tomorrow for all the arms I’ve picked of flea bay 

Edited February 6, 2022 by magpie79

[James32]

1 minute ago, magpie79 said:

Sitting here all relax knowing I’ve secured the portrait already but suddenly realising  i have to join the queue tomorrow for all the arms I’ve picked of flea bay 

Exactly my predicament 🤣

 

[NewCoins]

I am expecting that its limited to 1 per household ?

I have mine on phone order last week, but will happily try to help someone out if it's possible?

[magpie79]

2 minutes ago, James32 said:

Exactly my predicament 🤣

 

😅😅🤪

[James32]

Just now, magpie79 said:

😅😅🤪

Can imagine around 300 available but 10000 in the queue 

[magpie79]

7 minutes ago, James32 said:

Can imagine around 300 available but 10000 in the queue 

Yeah thanks for that James suddenly feeling like I won’t bovver now 😅

9999 in the queue now 😅

 

Edited February 6, 2022 by magpie79

[Darr3nG]

5 minutes ago, NewCoins said:

but will happily try to help someone out if it's possible

I may take you up on that - I'll see how the early morning queue goes for me

[magpie79]

https://www.ebay.co.uk/itm/Royal-Mint-Great-Engravers-2oz-Silver-Proof-Gothic-Crown-Portrait-William-Wyon-/224825446236?mkcid=16&mkevt=1&_trksid=p2349624.m46890.l6249&mkrid=710-127635-2958-0
 

at the worse a lot of us will be looking around £600 for now at least 

[James32]

1 minute ago, magpie79 said:

https://www.ebay.co.uk/itm/Royal-Mint-Great-Engravers-2oz-Silver-Proof-Gothic-Crown-Portrait-William-Wyon-/224825446236?mkcid=16&mkevt=1&_trksid=p2349624.m46890.l6249&mkrid=710-127635-2958-0
 

at the worse a lot of us will be looking around £600 for now at least 

Well there goes the ferrari aspirations ffs....walking it is for me

[magpie79]

Just now, James32 said:

Well there goes the ferrari aspirations ffs....walking it is for me

😅 

[James32]

Just now, magpie79 said:

😅

Can someone buy it quickly as I'm really tempted