Royal Mint gold sixpence

[TeaTime]

Just had a quick look at the latest (2022) gold proof sixpence on the RM website - for sale at £475. The 2021 sixpence is £345.

Same coin, same amount of gold (5.59 grams of 22k) yet £130 price difference.  I know that originally the 2021 was priced at £315 and then increased to £475 only to drop down to the current price.

Really odd pricing and an indicator to me that the premiums on these coins are pretty much made up and not based on any set profit margins.

Arse and elbow spring to mind 😁

[Midasfrog]

These are sold as wedding gifts so if they still have 2021 in stock they can only offload them at a reduced price 😀

[ady]

2 hours ago, TeaTime said:

Arse and elbow spring to mind

Plum puddings spring to mind

[TeaTime]

Valid point about the wedding gifts - by that logic though all the 2021 dated coins and items that could be used as gifts should also be reduced (bookmarks, baby rattles, silver pennies, year sets - everything under the heading Gifts).

To be honest i've not monitored other stuff on the website but this example, to me, is an eye opener on RM pricing.

[Midasfrog]

The Royal Mint are the masters of recycling unsold products from previous years .

Any coins that are difficult to shift simply get melted down 🙈

Re-boxing and back in stock 😂

[SidS]

Cheaper to buy an half sovereign to be honest.

[TeaTime]

Hold on, if you search under 'Wedding Gifts' the 2021 gold sixpence is priced at £345 - search under 'Sixpence' and it's £475.

Makes me wonder if other coins may also have different prices under different search headings. Bizarre (and potentially profitable if someone has a bit of time on their hands - not me though, i'm off to the pub).😁

 

[Chrisplym]

I believe the weight of the two gold sixpences in question is different. I have no idea why this would be as you would have thought a gold sixpence is a gold sixpence! 😊

[westminstrel]

12 hours ago, TeaTime said:

Hold on, if you search under 'Wedding Gifts' the 2021 gold sixpence is priced at £345 - search under 'Sixpence' and it's £475.

Makes me wonder if other coins may also have different prices under different search headings. Bizarre (and potentially profitable if someone has a bit of time on their hands - not me though, i'm off to the pub).😁

 

 

5 minutes ago, Chrisplym said:

I believe the weight of the two gold sixpences in question is different. I have no idea why this would be as you would have thought a gold sixpence is a gold sixpence! 😊

It’s both the weight and the purity. I think they made the wedding sixpence a bit more rose gold, compared to the Christmas sixpence which is yellow gold.

[SidS]

So the yellow gold looks like copper, and the rose gold looks like bronze? Or is that the other way around? 😁

Edited March 20, 2022 by SidS

[TeaTime]

Bl**dy hell - they are different. One's 5.59g of 22k and the other's 6.19g of .999

The 22k 2022 sixpence is £475, the 22k 2021 is £345 and the .999 2021 is £475.

I'm starting to regret climbing into the rabbit hole - sometimes i hate the RM 🙄  

[westminstrel]

Hahaha yes @TeaTime. This is the difference I was alluding to. 🙂