Platinum jubilee coins

[tom10101990]

Opinions requested on the below questions please!

1. Why were so few Platinum Proof coins produced by the Royal Mint for the Queens platinum jubilee?

2. Is this decision by the Royal Mint meant to be an exclusivity thing or do people just prefer Gold and Silver?

3. How do you think the Platinum proof coins will do vs. Gold and Silver in the long run.

Thanks in advance for your participation!

Tom

[Stuntman]

1.  Perceived exclusivity and an excuse to charge massive premiums over the spot price

2. Yes on both counts - and see my answer to 1. above

3. I think these coins will be desirable to a very limited amount of people. 

If you love the idea of a Platinum Jubilee coin made out of Platinum and finished to proof standard, these are right up your street.  Well done if you're one of these people and bought it from the RM on release - keep it forever and enjoy the pleasure of ownership.  These people are less interested in its resale value.

The people in this group who like the idea of owning this coin but didn't buy the coin on release will almost certainly be aiming to buy it for no more than the release price - which was very scary. 

There is another group of people (including me) who like platinum and would like a  UK platinum coin dated 2022 with The Queen on it.  They will probably buy a bullion coin such as a 2022 Platinum Britannia, or a 2022 Queen's Beasts Completer Coin (that's what I have done already) and will probably only buy a Platinum Jubilee coin made of platinum if there is a bullion release.

 

Hope that helps, at least a bit...

[SilverJacks]

The 50p has its own market and is very popular. For this reason, I think it might be an exception to other platinum proof coins and has greater potential. I accept I could be wrong in my estimation, but I see it being sought after. I would not be surprised to see the crown do well also. But the 50p has a lot going for it imo.

[tom10101990]

16 hours ago, Stuntman said:

1.  Perceived exclusivity and an excuse to charge massive premiums over the spot price

2. Yes on both counts - and see my answer to 1. above

3. I think these coins will be desirable to a very limited amount of people. 

If you love the idea of a Platinum Jubilee coin made out of Platinum and finished to proof standard, these are right up your street.  Well done if you're one of these people and bought it from the RM on release - keep it forever and enjoy the pleasure of ownership.  These people are less interested in its resale value.

The people in this group who like the idea of owning this coin but didn't buy the coin on release will almost certainly be aiming to buy it for no more than the release price - which was very scary. 

There is another group of people (including me) who like platinum and would like a  UK platinum coin dated 2022 with The Queen on it.  They will probably buy a bullion coin such as a 2022 Platinum Britannia, or a 2022 Queen's Beasts Completer Coin (that's what I have done already) and will probably only buy a Platinum Jubilee coin made of platinum if there is a bullion release.

 

Hope that helps, at least a bit...

Thank you :)

11 hours ago, SilverJacks said:

The 50p has its own market and is very popular. For this reason, I think it might be an exception to other platinum proof coins and has greater potential. I accept I could be wrong in my estimation, but I see it being sought after. I would not be surprised to see the crown do well also. But the 50p has a lot going for it imo.

Thank you

[westminstrel]

There has never been a Platinum Jubilee and there won’t be one for many lifetimes.  Even if Prince George were to become King tomorrow (knocks on wood!), and assuming he reigns 70 years, his Platinum Jubilee would be in 2092. Think about that for a moment!

I think people haven’t yet grasped the enormity of this occasion.  They will… after HM passes... and the Elizabethan age suddenly becomes history.

Of the platinum coins released for this jubilee, I think the 1 Oz platinum proof £5 coin is the best of the lot.

https://www.royalmint.com/our-coins/events/the-queens-platinum-jubilee/the-platinum-jubilee-1oz-platinum-proof-coin/

It is limited in mintage, reasonable priced, and has the beautiful arms and mantle reverse design with the horseback obverse.

The 3 oz piedfort version seems a bit random. It is exactly the same, a few mms larger in diameter, and priced rather extravagantly.

If you just want the mantle and arms design in platinum, the 1 oz is the one to go for.

If you want this design in platinum AND have money to throw, go for the 3 oz.

Long term, the 1 oz will do better, percentage wise, imo.

@tom10101990

[Stuntman]

I agree with this.  The 1 oz proof £5 coin would be the one I would look for if I was in the market.

[LawrenceChard]

On 26/01/2022 at 19:28, tom10101990 said:

Opinions requested on the below questions please!

1. Why were so few Platinum Proof coins produced by the Royal Mint for the Queens platinum jubilee?

2. Is this decision by the Royal Mint meant to be an exclusivity thing or do people just prefer Gold and Silver?

3. How do you think the Platinum proof coins will do vs. Gold and Silver in the long run.

Thanks in advance for your participation!

Tom

Should this topic be titled or re-titled Platinum Platinum Jubilee Coins?

😎