2022 Annual 5 Coin Platinum Proof Set Platinum Jubilee - opinions

[wateros]

Hi,
I would like to ask your opinion on the prospects of such a set: https://britanniacoincompany.com/buy-coins/proof-sets/2022-annual-coin-set-platinum/
know that the price is a bit "striking" for a set that came out in 30 pieces, but I observed that there are quite interesting coins. Three of them (Vera Lynn, Graham Bell and 50p of Birmingham) came out in only 30 pieces. 
What do you think in the perspective of inflation and the next XXX years for such a set?
Thanks for your opinions! 

[BackyardBullion]

The issue with this set is that it's a whole chunk of change to buy. Think of how you might sell it down the line. Only seriously wealthy coin collectors will be able to get this set in the future - but would they even get it? I would argue there are far more interesting coin sets for collectors out there than this one and it's big price point really prohibits the selling of it. 

Who knows where it will be in 30 years - maybe quite valuable, but it's also a huge risk and one that will require a lot of work to exit from.

[wateros]

1 hour ago, BackyardBullion said:

The issue with this set is that it's a whole chunk of change to buy. Think of how you might sell it down the line. Only seriously wealthy coin collectors will be able to get this set in the future - but would they even get it? I would argue there are far more interesting coin sets for collectors out there than this one and it's big price point really prohibits the selling of it. 

Who knows where it will be in 30 years - maybe quite valuable, but it's also a huge risk and one that will require a lot of work to exit from.

Thanks for answer!

What do you think about buying this set at RRP price? (£10-11k)

[Paul]

2 minutes ago, wateros said:

Thanks for answer!

What do you think about buying this set at RRP price? (£10-11k)

I bet it wasn't that price a few days ago, i can guarantee you that ! 

Much easier to sell gold, over platinum

Same set in gold a bit cheaper 

https://www.sovr.co.uk/products/elizabeth-ii-2022-gold-5-coin-annual-proof-set-pf70-pf69-gi26178

It is big outlay, but grade them all, hope for 70s, then sell off the lesser pieces via coin auction, keeping the platinum crown & 50p for years to come 

With only 30 and first and only year done in platinum, you certainly wont see many come to market 

When buying always consider how you'll be selling do the road as BYB says above 

[BackyardBullion]

32 minutes ago, wateros said:

Thanks for answer!

What do you think about buying this set at RRP price? (£10-11k)

Again, the issue here is finding a buyer to give you a healthy profit. 

If you are looking to beat inflation with this (lets assume it averages out at 5% for the next 10 years) then you would be looking to earn nearly £550 per year on this - 10 years ownership = £5500 profit - so you would be looking to get someone to pay £16k+ or at auction £18k to get your return. 

And that is all just to make 5%

It's a tough one for sure - but could do very well if graded perfectly.

Also, don't forget the "30" quoted as mintage is just for the Limited Edition Presentation. There could be plenty others of the coins minted - worth checking out each individually.

[paulmerton]

Has anyone seen the platinum 10-coin set? That was also limited to 30 sets and the £5 (only the £5) was a whopping 94g piedfort!

One of the things I thought was most interesting about that one was the fact that it had a platinum £2 Britannia coin with gold plated outer, which is exciting as wouldn't it be great to have a £2 coin that doesn't tarnish like silver!

[paulmerton]

2 hours ago, Paul said:

I bet it wasn't that price a few days ago, i can guarantee you that ! 

 

I could be wrong, but I think that set on BCC was priced at £17,000 back in June!

[Paul]

17 minutes ago, paulmerton said:

I could be wrong, but I think that set on BCC was priced at £17,000 back in June!

I'm not sure personally, platinum not my thing. I just would have assumed they'd have upped the prices of the key platinum jubilee releases on the back of the Queen's passing 

 

[Stuntman]

I wouldn't go near it, personally.  Too much money for what it is.

Better to find one of those coins in platinum (I know which design I would look for) and buy that one.  

Maybe a better idea could be to buy the 1 oz platinum britannia bullion bars in the RM certicards if the RM still has any left?  Would  cost less than £1100 per bar including VAT even if you just buy one bar, and a lot easier to liquidate in my opinion.  Some people might want a bit of platinum in RM packaging with some words about The Queen. 

https://www.royalmint.com/invest/bullion/bullion-bars/platinum-bars/britannia-bar-1oz-minted-platinum/

 

[wateros]

4 hours ago, BackyardBullion said:

Also, don't forget the "30" quoted as mintage is just for the Limited Edition Presentation. There could be plenty others of the coins minted - worth checking out each individually.

on this page it says (https://en.numista.com/catalogue/pieces321883.html) that "The coin was issued as part of the Annual Platinum Commemorative Proof set for 2022 to commemorate The Queens Platinum Jubilee. The coin was also struck in bimetallic copper-nickel & nickel brass, silver proof, silver piedfort and gold proof. Proof issue limit: 30"

30 - imho its very rare mintage

[paulmerton]

6 minutes ago, wateros said:

on this page it says (https://en.numista.com/catalogue/pieces321883.html) that "The coin was issued as part of the Annual Platinum Commemorative Proof set for 2022 to commemorate The Queens Platinum Jubilee. The coin was also struck in bimetallic copper-nickel & nickel brass, silver proof, silver piedfort and gold proof. Proof issue limit: 30"

30 - imho its very rare mintage

There was also the other 30 sets that the coins would have been in. 

[wateros]

21 minutes ago, paulmerton said:

There was also the other 30 sets that the coins would have been in. 

?

[paulmerton]

23 minutes ago, wateros said:

?

Sorry, thought you were talking about the commemorative coins that are in the 5-coin and 10-coin sets. The link wasn't clickable so I didn't bother seeing where it went to  

[Paul]

It hasn't been proven at auction yet, but a platinum coin, for a platinum jubilee, popped through grading for a 70 and such a tiny mintage. It ' should ' tick every box to appreciate 

[Stuntman]

Still needs to find a buyer, though.  And gold is easier to sell.  The market for these is small, IMO.

[Pete]

Don't you just love the BS when the description takes up valuable limited space to state these coins are legal tender !!
The platinum 50 pence face value coin alone would set you back £1,395 according to the RM website.
Definitely beats Disney dollars 1,000 fold in the league of more money than sense.
Could not find weights on any of the coins for some reason - why is that vital information missing ?
Bit like the shops in Rodeo Drive with shoes and bags without prices - if you need to know the prices before entering the shop then nothing is going to be for you and well outside your price range.

[paulmerton]

It's also worth bearing in mind that platinum is denser than gold, and the platinum coins are 999.5 fine rather than 916.7.

- so each of the 50p coins would contain nearly 19.1g of platinum vs only 14.2g of gold, i.e. 34.5% more precious metal content.

[ArgentSmith]

Market for Platinum proof Dame Vera Lynn two pound coins quite thin these days 

[Stuntman]

Well, after sleeping on the idea last night, this morning I have bought a 2022 platinum Britannia 1 oz bullion coin and a 2022 platinum Tudor Beasts Lion of England 1 oz bullion coin.

So that's where I have put my money.

Perhaps the best bullion option of all would be to buy the 2022-dated platinum Queen's Beasts Completer 1 oz bullion coin.  I already have one of these, so wasn't looking yesterday/today to see if they are still in stock anywhere.  I suspect that they probably are, either with one of the good, recognised UK bullion dealers or the RM itself.

And I  bought one of these coins from @ChardsCoinandBullionDealer alongside a purchase of some gold bullion coins.  Looking forward to receiving them!

[ArgentSmith]

2 minutes ago, Stuntman said:

Perhaps the best bullion option of all would be to buy the 2022-dated platinum Queen's Beasts Completer 1 oz bullion coin.

Boom 💥

Aside from the fact Platinum is crazy cheap this ticks every box, relatively low mintage, correct year, correct metal,  all the beasts on one coin, low margin, popular series.

Not an expert but have an idea the mint cant strike anymore (any coins with her effigy) now the queen has passed?

[Stuntman]

@ArgentSmith - I think in terms of protocol, the RM can continue to mint any and all unlimited mintage coins of the current year's date with the same effigy of the Monarch as when the particular coin was first struck.

So in my opinion the RM could bang out as many of these platinum QB Completers as it chooses to.

[paulmerton]

5 minutes ago, ArgentSmith said:

Not an expert but have an idea the mint cant strike anymore (any coins with her effigy) now the queen has passed?

They'll still be minting new coins with her obverse.

[BackyardBullion]

5 minutes ago, ArgentSmith said:

Not an expert but have an idea the mint cant strike anymore (any coins with her effigy) now the queen has passed?

I think this is a common misconception, I believe they still can - but it has to be done with approval from the powers that be to meet demand.

It's ultimately because it will take a decent period of time for the new effigy to be commissioned, approved and the dies made. 

[ArgentSmith]

14 minutes ago, BackyardBullion said:

I think this is a common misconception, I believe they still can - but it has to be done with approval from the powers that be to meet demand.

 

Maybe the protocol is no new designs and I'm suffering from the mandela effect 😁 

 

[Petra]

No doubt be that any coin in circulation will continue to be struck, however, for ordinary use coins that may be few if any at all due to numbers already in circulation. The sovereign would be different, but will continue, certainly the bullion ones. Any new commemorative coin that is likely to have 2023 date on may be a different matter for obvious reasons?

Whatever any speculation is, it will all get sorted and any new coins with the King on will no doubt sell out immediately, after the usual big question on the Mint site!