2021 Trial of the Pyx - gold and silver 2020 coins releasing Feb 17

[westminstrel]

A bunch of expensive proofs again.

https://www.royalmint.com/our-coins/events/trial-of-the-pyx/2020-coins/

[Zhorro]

6 minutes ago, westminstrel said:

A bunch of expensive proofs again.

https://www.royalmint.com/our-coins/events/trial-of-the-pyx/2020-coins/

It is eye-watering to see the number of gold coins released!

[westminstrel]

Totally crazy. And they’re mostly 1 Oz and 5 Oz Proofs, usually priced even higher the regular Proofs. 

[GoldDiggerDave]

Hum no great engravers or sovereigns? 
 

[Midasfrog]

32 minutes ago, Zhorro said:

It is eye-watering to see the number of gold coins released!

Thats what my Bank Manager says every time I take another loan out 🤔 😅

[SilverDrum]

Did anyone spot these at the bottom of the page?

Good lord this has me aroused... https://www.royalmint.com/our-coins/ranges/historic-coins/ancillaries/Coin-Cabinet-21-Trays-with-Large-Holes/

Edited February 4, 2022 by SilverDrum

[westminstrel]

They’ve had a couple variations of cabinets and holes. 👀 

I’d love to have one just because they look so lovely. Shipping to Australia would be a b*tch though. 😆

[auleAboutNumismatics]

3 hours ago, GoldDiggerDave said:

Hum no great engravers or sovereigns? 
 

Over at the “register for interest” page, it did mention the three graces. Maybe not all is listed yet since there are no 2021 coins... 

https://www.royalmint.com/our-coins/events/trial-of-the-pyx/

[GoldDiggerDave]

I really want a fingered 3 graces 

[TringSilver]

12 minutes ago, GoldDiggerDave said:

I really want a fingered 3 graces 

I've only got two hands 😭

[westminstrel]

5 hours ago, auleAboutNumismatics said:

Over at the “register for interest” page, it did mention the three graces. Maybe not all is listed yet since there are no 2021 coins... 

https://www.royalmint.com/our-coins/events/trial-of-the-pyx/

The 2021 coins have just started undergoing the Trial this week.

It’s highly unlikely they will be sold this month.  From what I understood, there’s several stages they have to go through before they get returned to the Royal Mint.

As for the Three Graces, they may not be sold.  Una and the Lion wasn’t sold either. 

[paulmerton]

Why do the coins only go into the trial about a year after they were released?

That seems a bit late if the purpose of the trial is to check that the coins are up to standard, as all of the others will have been sold to mugs like us long beforehand!

[LawrenceChard]

9 hours ago, westminstrel said:

A bunch of expensive proofs again.

https://www.royalmint.com/our-coins/events/trial-of-the-pyx/2020-coins/

I wonder if they sell off the failures and rejects cheap?

😎

[Zhorro]

4 minutes ago, LawrenceChard said:

I wonder if they sell off the failures and rejects cheap?

😎

Or maybe these are the failures and rejects sold at a premium price after being handled by the pyxies!

[westminstrel]

17 minutes ago, paulmerton said:

Why do the coins only go into the trial about a year after they were released?

That seems a bit late if the purpose of the trial is to check that the coins are up to standard, as all of the others will have been sold to mugs like us long beforehand!

The procedure is mostly ceremonial now - since it is highly unlikely any of the coins will fall short of specifications given modern production technologies and security around purity etc.

Also, the Trial ceremony seems to have been delayed since 2020 because of Covid, every subsequent year since, and also production of some RM coins have been delayed. For example, the 2020 dated Three Graces coins were all minted in early 2021. 

[Petra]

20 minutes ago, paulmerton said:

Why do the coins only go into the trial about a year after they were released?

That seems a bit late if the purpose of the trial is to check that the coins are up to standard, as all of the others will have been sold to mugs like us long beforehand!

 

[Petra]

I think they actually collect samples of various coins throughout the year and then do it all in a oner. There’s more to it than a handful of expensive gold coins. Also, remember things have changed in the world since this first started but pointless doing more than once a year now.

[westminstrel]

I thought it would be a similar story with the Gothic Crown because of the spilt release because the Portrait coin will be dated 2021 even though they will all be minted now in 2022.

However I think the RM must’ve struck some Portrait coins last year, because the pictures of last week’s Trial Ceremony show them being tested.

[westminstrel]

8 minutes ago, Petra said:

I think they actually collect samples of various coins throughout the year and then do it all in a oner. There’s more to it than a handful of expensive gold coins. Also, remember things have changed in the world since this first started but pointless doing more than once a year now.

Yes indeed its original purpose was totally totally different - it was meant to ensure that circulating coinage was meeting purity and other standard specifications. If any of the coins failed the test, the punishment was severe.

The Mint back then wasn’t a business with a packed commemorative coin release schedule like it is today.

It follows that most coins of today will be tested retrospectively after they’ve been released / sold to the general public.

Edited February 4, 2022 by westminstrel

[AndrewSL76]

Anyone buying any today?

[westminstrel]

Not me. I saw the list or available coins on the website and most were 1 Oz gold and over… so double the price of the proofs… and therefore out of my budget.

None of the “cheaper” silvers interested me either.

I think the usual buyers will get these and you’ll see them on eBay in an hour. It happened a few months back too. 😀

[Paul]

13 minutes ago, AndrewSL76 said:

Anyone buying any today?

Nope not buying anything for me, but will have a nosey after 9am 

[Zhorro]

[paulmerton]

I went for the 1/4oz gold standard as it's one of my favourite coins!

[westminstrel]

3 minutes ago, paulmerton said:

I went for the 1/4oz gold standard as it's one of my favourite coins!

You already got it?  🤔