The Royal Mint have started selling pre owned gold bullion coins

[Foster88]

It looks like The Royal Mint have started selling pre owned bullion gold coins.

I wonder how competitive their prices will prove to be.

Currently £373.94 per individual sovereign.

https://www.royalmint.com/invest/bullion/uk-coin-ranges/pre-owned-bullion-coins/?utm_campaign=2022-08-prm-pre-owned&utm_medium=email&_hsmi=222630997&_hsenc=p2ANqtz-_-uN6q13WEPwTJugsHNOv8OVpGh6KLCb7Gl64pyhmIQ92u76a2Ds_TODqZPrhpFQi9Pe38uOPW-x4D-sfGQSPWS4eRBg&utm_content=222631069&utm_source=hs_email

Edited August 12, 2022 by Foster88

[Petra]

That’s actually not a bad price, Bullion By Post is cheaper for 2022, however, £10 plus for other dates

[Norskgeld]

We'll know when they've really got their act together when they start selling BYB's Silver Forum Bars. ☺️

[Dakaras]

Interesting found a sovereign for £371 I'd guess they will do quite well from it , some people will default to RM 

[Foster88]

4 minutes ago, Petra said:

That’s actually not a bad price, Bullion By Post is cheaper for 2022, however, £10 plus for other dates

I thought that too. But then Bullion By Post have always had inflated premiums on most of their coins.

[Petra]

Just now, Foster88 said:

I thought that too. But then Bullion By Post have always had inflated premiums on most of their coins.

They have their moments! But for sovereigns they are not too far out.

[jultorsk]

There's your answer @dicker - old sovereigns came in sealed yellow-top tubes! 😅

 

[GoldDiggerDave]

Get the feeling RM will not be able to keep on producing new gold coins to meet demand?   BTW has anyone bought that new jewellery they were trying to flog?

[Paul]

It'll probably been a tube of x25 returned proofs 

[Ukbullionfan]

Mixed date Sov from sharps picket brand new are better priced

[BullionBuyerUK]

Slightly cheaper with tavex by a few pence, and you get to choose your Monarch

https://tavexbullion.co.uk/?s=Sovereign+

 

 

Edited August 12, 2022 by BullionBuyerUK

[Gordy]

I'd never let someone pick the year for me, i prefer to pick my own... 

[Foster88]

3 hours ago, Gordy said:

I'd never let someone pick the year for me, i prefer to pick my own... 

I bet you hate surprises then. 😆

[Gordy]

4 hours ago, Foster88 said:

I bet you hate surprises then. 😆

i do, i nearly walked out of my surprise 40th years ago.... 😂 so i just had a few extra rums!!!

[Jvw]

14 hours ago, Foster88 said:

It looks like The Royal Mint have started selling pre owned bullion gold coins.

How is this new? Didn't the Royal Mint already do that for years? Looking at some of the quality of the newly minted coins they sell and ship.......... 

[Pete]

I guess for 99% of bullion sovereigns bought and sold the date doesn't really matter.
There are a few key dates of course as exceptions and if I was buying I would be focussing on the oldest Victorian, shields etc that are in decent condition.
Before the forum was created there were not that many dealers and I used primarily BullionbyPost and Hatton Garden Metals.
Both were extremely competitive and worked on premiums over spot of 3% and sometimes less.
They had minimum inventory and did not filter dates or charge higher prices for shields etc.

All changed today, gold fever - many sellers, but the bullion dealers we know have turned into coin shops charging whatever they can so the good old days of bargains are long gone.

Personally I find the current price of gold too high, but I though this when gold broke through the £1200 barrier and now regret selling.
I cannot figure out why silver remains relatively cheap especially with global double digit rising inflation and all the sh!t in the system affecting security, soaring government debt, living standards etc.

[Orpster]

2 hours ago, Jvw said:

How is this new? Didn't the Royal Mint already do that for years? Looking at some of the quality of the newly minted coins they sell and ship.......... 

They have not been selling individual best value for a while (6-12 months), only by the tube which I found curious

[Oddjob]

Re RM's pre-owned Au Britanna's for £1,574.69, that equates to circa AUD2682.81.

I can pick up new Au Roo's for AUD2631.80 plus a range of other PM Au 1 oz coins for under RM's price. Even with postage from Aust, would still be cheaper than RM.

https://bullionnow.com.au/product-category/gold/

[RDHC]

1 hour ago, Pete said:

I guess for 99% of bullion sovereigns bought and sold the date doesn't really matter.
There are a few key dates of course as exceptions and if I was buying I would be focussing on the oldest Victorian, shields etc that are in decent condition.
Before the forum was created there were not that many dealers and I used primarily BullionbyPost and Hatton Garden Metals.
Both were extremely competitive and worked on premiums over spot of 3% and sometimes less.
They had minimum inventory and did not filter dates or charge higher prices for shields etc.

All changed today, gold fever - many sellers, but the bullion dealers we know have turned into coin shops charging whatever they can so the good old days of bargains are long gone.

Personally I find the current price of gold too high, but I though this when gold broke through the £1200 barrier and now regret selling.
I cannot figure out why silver remains relatively cheap especially with global double digit rising inflation and all the sh!t in the system affecting security, soaring government debt, living standards etc.

Interesting post.

[paulmerton]

On 12/08/2022 at 17:45, Foster88 said:

It looks like The Royal Mint have started selling pre owned bullion gold coins.

I wonder how competitive their prices will prove to be.

Currently £373.94 per individual sovereign.

https://www.royalmint.com/invest/bullion/uk-coin-ranges/pre-owned-bullion-coins/?utm_campaign=2022-08-prm-pre-owned&utm_medium=email&_hsmi=222630997&_hsenc=p2ANqtz-_-uN6q13WEPwTJugsHNOv8OVpGh6KLCb7Gl64pyhmIQ92u76a2Ds_TODqZPrhpFQi9Pe38uOPW-x4D-sfGQSPWS4eRBg&utm_content=222631069&utm_source=hs_email

The pre-owned bullion started a few months ago, I mentioned it here back in May: