King Charles III: Coins to enter circulation, Royal Mint confirms

[Orpster]

7 minutes ago, Bogart said:

I know I should not be but am looking at the 5oz gold jobby. Limited to 300. Am not looking to flip it but do not want to waste money being a newbie is this a wise investment?

Too high risk for my taste

[Bogart]

Thanks for the prompt replies. You have just saved my wife from having a fit.😁

[Mtaybar]

Just now, Bogart said:

Thanks for the prompt replies. You have just saved my wife from having a fit.😁

🤣

[Silverlocks]

16 minutes ago, Bogart said:

Thanks for the prompt replies. You have just saved my wife from having a fit.😁

Best advice I've seen is to avoid proof coins until you know what you're doing.  You can make a lot on them as collectibles but it's also possible to lose a lot.  I'm just in startup mode and I've got no short-term plans to buy any proof coins, especially high-end gold ones.  My Brilliant Uncirculated 2p worth - stick to sovs and maybe 1oz bullion until you've got reason to believe you know why something else is a good investment.

That's not to say that collectibles aren't worth investing in, but you're rather jumping in the deep end with that one.

Edited October 3, 2022 by Silverlocks

[Paul]

When's sovereign release day?? Tomorrow???.asking for a friend 

[James32]

10 minutes ago, Silverlocks said:

stick to sovs and maybe 1oz bullion until you've got reason to believe you know why something else is a good investment.

Underrated advice 👏 

[Silverlocks]

10 minutes ago, James32 said:

Underrated advice 👏 

Sovs are a little counter-intuitive but it took me less than a month of hanging about TSF to figure that out.  They've got much lower spreads than other 1/4oz gold and if you trade them here, the going rate is about spot+£10-15, buy or sell.  Given their liquidity here (and presumably on the secondary market in general), sovs are pretty much a no-brainer.

Edited October 3, 2022 by Silverlocks

[Petra]

I have just come home for lunch and find I am inundated with emails from dealers trying to sell me the new coins!🤔

[MonkeysUncle]

So the limit is only determined by how many mugs buy the tat as opposed to any genuine attempt to limit quantity to increase desirability, value etc.

Apart from Ferrari, where sales come up with a number of how many they think they can sell on certain models then make exactly 1 less car than that, does any beggar anywhere in any industry limit production? My brain says I doubt it...

 

[Shinus73]

On 01/10/2022 at 22:37, Paul said:

What's the premium above spot, RM are charging now on new releases?? 

100% premium on 1/4 oz proof gold as of today - £725 or £2,900 per oz.

[Paul]

50 minutes ago, Shinus73 said:

100% premium on 1/4 oz proof gold as of today - £725 or £2,900 per oz.

Jeez I remember paying.sub £200 for a 1/4oz gold from HGM not that many years back

[Bogart]

I did notice that the prices were rather above spot🤭 Though excessive but what do I know? No nned for answers thank you.

 

Thanks for all the info guys much appreciated. Took my wife out for lunch on the money I did not spend.

[Petra]

The Royal Mint is a business, they don’t really care if you buy to flip, buy to hopefully sell in time for a profit or buy to collect. Why should they worry about you worrying about mintage  numbers or anything at all? They are in the business of selling coins as well as minting for day to day circulation.  You buy to collect or stack, you take your chances. 

[Geovest]

Minting as much as demand dictates draws a firm line under easy money flipping. Patient investors may still benefit modestly. Point in case, queens beasts bullion coins were minted in near unlimited quantities, yet they sell at a premium after a few years.