Carded or loose??

[FFposh]

Ladies and gents,

Just a quick one.

Is there any reason to buy a carded coin from the Royal Mint when the same one can be bought loose from a dealer for about 15 quid less?? 

Another security level, but will that be realised in any future re-sale???

Thoughts?

Thanks for your time👍

[SilverJacks]

If you’re not going to slab them, then perhaps more desirable when trying to sell, possibly?

I guess it could be perceived to have a good chance of grading well when still in its blister pack, instead of loose coin.

Plus, if a loose coin from a dealer is scratched etc, they will just say it’s bullion. I don’t know for sure but maybe you have a better chance of a perfect coin with a carded one from RM…

Edited May 24, 2022 by SilverJacks

[SilverJacks]

If it’s bullion to you, save the £15. If you’re thinking of future premium, idk, maybe carded one…

[FFposh]

Had no intention of slabbing, I suppose I was wondering whether other people might go for the carded version/or had done and why. I bought 3 x 1/4 Oz Au Brits 2021 (carded) before I joined TSF and was looking to get 2022s soon. Having said that I've got 2020s loose too.🤷. So I'm looking at approx 45 quid extra for the carded. Is it just personal preference at the end of the day?

Would anyone here pay more for the carded coin????

[SilverJacks]

Yeah I guess it’s just personal preference for those. 
it might be more worthwhile for the 2022 sovereign for example. Looking at the 2012 sovereigns, there’s a reasonable difference between high and lower grade bullion. 

[FFposh]

Thanks for your thoughts, yes it had occurred to me that this year might be considered a bit special all-round too.

[flyingveepixie]

RM always provide them in a capsule anyway unless you buy a large quantity in a tube or monster box...

Edited May 24, 2022 by flyingveepixie

[Stuntman]

I wouldn't pay more for a carded bullion coin.  However, I can see the alternative point of view, particularly with regard to the 2002 sovereign.

But I still wouldn't 😛

[modofantasma]

I'd rather loose coins (or a basic capsule) but makes a nicer presentation for a gift etc all packaged up. I'd pay a pound or two more perhaps but not 15 

[Robda1986]

Loose especially in relation to sovs otherwise they don't fit in the box 

[Bimetallic]

1. Are you sure the loose coin and carded coin are the exact same product? The only carded RCM coins I've seen are their special 99999 fine gold, not their normal 9999 fine grade. That's five nines vs four nines. Regular Maples are four nines. RCM is the only mint in the world that even offers five nines gold. Those always sell for an extra premium.

2. There's an interesting potential unintended consequence of moving toward carded gold, which is most common with bars. It makes fraud easier, since people are no longer interacting with their bullion directly if it's sealed in a plastic bubble in a card. This reduces the available counterfeit testing methods. I think Sigma is supposed to work, but not any other method like XRF, ultrasound, specific gravity, and simple measurements and mass become more difficult.

If counterfeits in cards blows up in the future as a big issue, they'll probably lose their premium and any sense of value added. Just a possibility to keep in mind. It would spark a return to direct reality kind of movement, and dealers and buyers will cut the plastic first thing.

[LawrenceChard]

2 hours ago, Bimetallic said:

1. Are you sure the loose coin and carded coin are the exact same product? The only carded RCM coins I've seen are their special 99999 fine gold, not their normal 9999 fine grade. That's five nines vs four nines. Regular Maples are four nines. RCM is the only mint in the world that even offers five nines gold. Those always sell for an extra premium.

2. There's an interesting potential unintended consequence of moving toward carded gold, which is most common with bars. It makes fraud easier, since people are no longer interacting with their bullion directly if it's sealed in a plastic bubble in a card. This reduces the available counterfeit testing methods. I think Sigma is supposed to work, but not any other method like XRF, ultrasound, specific gravity, and simple measurements and mass become more difficult.

If counterfeits in cards blows up in the future as a big issue, they'll probably lose their premium and any sense of value added. Just a possibility to keep in mind. It would spark a return to direct reality kind of movement, and dealers and buyers will cut the plastic first thing.

Some good, and well reasoned points there!

😎

[LawrenceChard]

On 24/05/2022 at 10:37, FFposh said:

Ladies and gents,

Just a quick one.

Is there any reason to buy a carded coin from the Royal Mint when the same one can be bought loose from a dealer for about 15 quid less?? 

Another security level, but will that be realised in any future re-sale???

Thoughts?

Thanks for your time👍

You didn't say which RM coins you wre thinking about.

£15 extra on a silver Britannia would be very steep, while on a gold Britannia, it would be quite reasonable.

Whether you would get a better coin is debatable, particularly as the RM frequently conflate bullion and Brilliant Uncirculated (B.U.)

If the RM don't know which is which, how can anybody else be expected to know?

I have cited some examples on TSF, which you should be able to find, or I could provide a link.

😎

 

[SovereignBishop]

On 24/05/2022 at 11:01, FFposh said:

Had no intention of slabbing, I suppose I was wondering whether other people might go for the carded version/or had done and why. I bought 3 x 1/4 Oz Au Brits 2021 (carded) before I joined TSF and was looking to get 2022s soon. Having said that I've got 2020s loose too.🤷. So I'm looking at approx 45 quid extra for the carded. Is it just personal preference at the end of the day?

Would anyone here pay more for the carded coin????

There was a time I would have but having made in my opinion mistakes buying carded sovs in the past, now I would not bother.

Paying extra for carded would appeal to a smaller amount of people who are willing to pay the premium when they sell. Most people on here I believe just want the best price/condition regardless. 

if you sell to a dealer I imagine you wouldn’t get it back either.

The way I see it, that £15 could go towards another coin or something else.

 

Edited June 4, 2022 by SovereignBishop

[FFposh]

3 hours ago, Bimetallic said:

1. Are you sure the loose coin and carded coin are the exact same product? The only carded RCM coins I've seen are their special 99999 fine gold, not their normal 9999 fine grade. That's five nines vs four nines. Regular Maples are four nines. RCM is the only mint in the world that even offers five nines gold. Those always sell for an extra premium.

2. There's an interesting potential unintended consequence of moving toward carded gold, which is most common with bars. It makes fraud easier, since people are no longer interacting with their bullion directly if it's sealed in a plastic bubble in a card. This reduces the available counterfeit testing methods. I think Sigma is supposed to work, but not any other method like XRF, ultrasound, specific gravity, and simple measurements and mass become more difficult.

If counterfeits in cards blows up in the future as a big issue, they'll probably lose their premium and any sense of value added. Just a possibility to keep in mind. It would spark a return to direct reality kind of movement, and dealers and buyers will cut the plastic first thing.

I wasn't talking about  the Canadian Mint and  Maples, I was referring to the Royal Mint (UK) specifically. I am aware that capsuled 1/4 Brits can be found for c15quid cheaper on other bullion sites than the carded Royal Mint version. That was my query. Worth the extra for presentation or buy cheapest available and save the 15 quid per coin?

Thanks for replies👍

PS, I hadn't thought of the carded version making counterfeiting easier, I had just assumed another level of security. Every day a school day in here.  Showing my absolute lack of knowledge, and I am grateful for all advice.

Edited June 4, 2022 by FFposh
Additional info

[FFposh]

28 minutes ago, LawrenceChard said:

You didn't say which RM coins you wre thinking about.

£15 extra on a silver Britannia would be very steep, while on a gold Britannia, it would be quite reasonable.

Whether you would get a better coin is debatable, particularly as the RM frequently conflate bullion and Brilliant Uncirculated (B.U.)

If the RM don't know which is which, how can anybody else be expected to know?

I have cited some examples on TSF, which you should be able to find, or I could provide a link.

😎

 

It was the 1/4 Au Brit.

[LawrenceChard]

4 minutes ago, FFposh said:

It was the 1/4 Au Brit.

Which makes it rather midway.

Toss a coin!

😎

[FFposh]

7 minutes ago, LawrenceChard said:

Which makes it rather midway.

Toss a coin!

😎

As it happens, I went for 3 carded Sovereigns ( which carried a similar premium) only because of the Jubilee this year. Going forward, I'd probably go for the cheaper capsuled variety.  Thanks for your interest Lawrence.

[Bimetallic]

On 04/06/2022 at 12:21, FFposh said:

I wasn't talking about  the Canadian Mint and  Maples, I was referring to the Royal Mint (UK) specifically. I am aware that capsuled 1/4 Brits can be found for c15quid cheaper on other bullion sites than the carded Royal Mint version. That was my query. Worth the extra for presentation or buy cheapest available and save the 15 quid per coin?

Thanks for replies👍

PS, I hadn't thought of the carded version making counterfeiting easier, I had just assumed another level of security. Every day a school day in here.  Showing my absolute lack of knowledge, and I am grateful for all advice.

Sorry, I'm surprised I missed that. I must've mentally inserted Canadian between Royal and Mint. Maybe a North American bias, since I'm in Arizona. I've never seen RM carded products, just the Canadian cougars and moose and other wildlife. Gold Brits are inexplicably cheap in the US, with a ≈4.4% premium, so I like them a lot.

[Roy]

 

45 minutes ago, Bimetallic said:

Maybe a North American bias, since I'm in Arizona

Arizona or California?