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Royal mint quality on Tudor beast


Ridefort

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Evening all, probably a topic that’s been discussed a lot but I wanted to get opinions on the quality of my coin and Royal Mint’s stance on the condition. 

I couldn’t find any of the 1/4 oz gold lion Tudor beasts anywhere apart from the Royal Mint (with a hefty premium) so I ordered on the basis I might not find it elsewhere. 

I was disappointed to receive it with two dents on the Queen’s neck. I sent an email with pictures and was told to send it in. I got it back pretty quickly with a letter saying that it was of acceptable quality and they would not inspect a second time. 

A little surprised with the outcome as I was half expecting that they would replace but they haven’t. 

I’ve attached a few pictures (bearing in mind it’s the 1/4 oz zoomed in so it could look like a tiny nick to the naked eye) which I think spoils it a little. 

I know it’s bullion, but it’s part of a series I was looking forward to collecting and I paid a decent premium from Royal Mint for this! 

What are the views on the condition of the coin? Is there much I can do after they’ve inspected deemed it satisfactory? 

8CE6A305-C40E-4B7D-BA05-34C9F7417FDC.jpeg

08FFF9DD-7D10-4AB3-A74E-6E0D64B75DFC.jpeg

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  • 3 weeks later...
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On 06/11/2022 at 23:19, Ridefort said:

Evening all, probably a topic that’s been discussed a lot but I wanted to get opinions on the quality of my coin and Royal Mint’s stance on the condition. 

I couldn’t find any of the 1/4 oz gold lion Tudor beasts anywhere apart from the Royal Mint (with a hefty premium) so I ordered on the basis I might not find it elsewhere. 

I was disappointed to receive it with two dents on the Queen’s neck. I sent an email with pictures and was told to send it in. I got it back pretty quickly with a letter saying that it was of acceptable quality and they would not inspect a second time. 

A little surprised with the outcome as I was half expecting that they would replace but they haven’t. 

I’ve attached a few pictures (bearing in mind it’s the 1/4 oz zoomed in so it could look like a tiny nick to the naked eye) which I think spoils it a little. 

I know it’s bullion, but it’s part of a series I was looking forward to collecting and I paid a decent premium from Royal Mint for this! 

What are the views on the condition of the coin? Is there much I can do after they’ve inspected deemed it satisfactory? 

8CE6A305-C40E-4B7D-BA05-34C9F7417FDC.jpeg

08FFF9DD-7D10-4AB3-A74E-6E0D64B75DFC.jpeg

Scratches are quite frequent due to being stored in tubes...then thrown into capsules from 2 floors up 😆 

That's awful though, looks like someone was trying to Steal Elizabeth's earrings with a crowbar!

Edited by James32

I like to buy the pre-dip dip

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9 minutes ago, James32 said:

You thinking a "RM worker" is doing a bit of modern day clipping?

Haha I was just thinking it looks like a nice example. Doesn't look like that's a usual skuff from in the tube though probably that someone dropped a chisel on it at the mint before dispatch

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I think you are entitled to feel disappointed if you were to receive this as a new bullion coin from the original maker (as the RM likes to describe itself).  It's even more disappointing that they haven't given you a better quality replacement coin, given that you sent it back to them and it has clear and obvious marks on it.

It is indeed really tricky trying to collect a series of bullion coins.  I do think that whether you see yourself as a stacker or a collector, it shouldn't be too much to ask of the RM to send you a coin of good quality with no major marks on it.  

Sadly it seems very much to be the luck of the draw, and I think it's got worse over the last five years - to the point that you feel 'lucky' if you receive a coin with few or no defects.

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Those marks look like they've come directly off the die rather than poor handling. Maybe that's why the RM wouldn't exchange. I have a couple of Queens Beasts Lion of England coins with something similar - partly obscuring the E of England and, more than likely, caused by swarf on the die. There's probably an awful lot of them out in the wild.

If a coin is sold as 'bullion' then it should cost no more than spot price, manufacturing cost and reasonable profit. Any more than that and i would expect a coin to be in BU condition. Paying £78 over spot (based on todays RM price) probably equates to a £60 profit to the RM. Is that reasonable ?

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22 hours ago, James32 said:

Scratches are quite frequent due to being stored in tubes...then thrown into capsules from 2 floors up 😆 

That's awful though, looks like someone was trying to Steal Elizabeth's earrings with a crowbar!

And I was thinking Nosferatu the Vampire had been taking to much of an interest in Her Maj!

The only RM product I buy nowadays is Sovereigns as somehow the vast majority seem to get past the sledgehammer and pick axe wielding knuckle dragggers. And when I get a cacky one I move it on...

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Thread hijack...

Those of you buying Tudor Beasts might be interested to know that the premium of a gold 1oz Yale over a Brit is currently £17.43 at Tavex.

In my books, the premium is therefore non existent and the Yale will attract a higher price to collectors in the future than the Brit.

A buy in my books!

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