In the royal mint auction lot, there is a 4 coin 1989 proof sovereign set, starting at £3500. Chards have one listed at 9 and a half grand, so thought maybe it would be worth posting

[Solachesis]

https://auction.royalmint.com/lot-details/index/catalog/30/lot/1967?url=%2Fauctions%2Fcatalog%2Fid%2F30

[Paul]

I didn't even realise RM were running an auction currently 

[lubi29]

With 20% buyer's premium.

[Solachesis]

14 minutes ago, Paul said:

I didn't even realise RM were running an auction currently 

There's a lot of kak in there tbf 

[harrygill111]

They do auctions!? Goodbye savings 

[Paul]

19 minutes ago, Solachesis said:

There's a lot of kak in there tbf 

I'll have a neb tomorrow

rained off from work all day by the looks of it

[LawrenceChard]

36 minutes ago, Solachesis said:

There's a lot of kak in there tbf 

Do you mean CAC, the proposed new grading service?

😎

[Solachesis]

Just now, LawrenceChard said:

Do you mean CAC, the proposed new grading service?

😎

Awful name, what does it stand for? "Coins are c**p" ? 

[LawrenceChard]

6 minutes ago, Solachesis said:

Awful name, what does it stand for? "Coins are c**p" ? 

There was a TSF Topic posted about it on Monday:

A simple TSF search for "CAC" would have found it.

😎

[LawrenceChard]

1 hour ago, Solachesis said:

In the royal mint auction lot, there is a 4 coin 1989 proof sovereign set, starting at £3500. Chards have one listed at 9 and a half grand, so thought maybe it would be worth posting

https://auction.royalmint.com/lot-details/index/catalog/30/lot/1967?url=%2Fauctions%2Fcatalog%2Fid%2F30

Is this another filibuster Topic title attempt?

😎

[Solachesis]

35 minutes ago, LawrenceChard said:

Is this another filibuster Topic title attempt?

😎

I will keep attempting to top it 

[LawrenceChard]

27 minutes ago, Solachesis said:

I will keep attempting to top it 

I think @HerefordBullyun already maxed it out!

😎

[HerefordBullyun]

2 minutes ago, LawrenceChard said:

I think @HerefordBullyun already maxed it out!

😎

Well I can see the Bullyun Bugle taking some serious action in the next release

Edited November 16, 2022 by HerefordBullyun

[SheepStacker]

Lot 8 looks a lot more interesting. At least to me.

https://auction.royalmint.com/lot-details/index/catalog/30/lot/1956?uact=5&aid=30&lid=1958&current_page=0

[harrygill111]

20%+VAT fees ouch! 

[LawrenceChard]

28 minutes ago, harrygill111 said:

20%+VAT fees ouch! 

Typical auction buyer's premium?

😎

[apachebleu]

35 minutes ago, harrygill111 said:

20%+VAT fees ouch! 

 Vat on the gold?

[sovereignsteve]

6 minutes ago, LawrenceChard said:

Typical auction buyer's premium?

😎

Pretty much, some robdogs are even higher!

[LawrenceChard]

12 minutes ago, sovereignsteve said:

Pretty much, some robdogs are even higher!

Do they also charge a seller's fee?

😎

[Happypanda88]

2 minutes ago, LawrenceChard said:

Do they also charge a seller's fee?

😎

Probably!  But I hear they offer free postage 😎

[Britannia47]

Not sure what the point of this topic is!
I have seen 3 other dealers asking between £8950 and £9995.

The estimates seem artificially low to me, almost like an invitation to try and get one of the rarest Sovereign sets for a song! No chance of that. Double it up and then start from there perhaps! After all, what does the RM know about the value of anything rare or historical?  Normally they are asking ‘silly money’ for their buy-back stuff, so this is bit of a turn up…….

 

[sovereignsteve]

You have to start somewhere. Probably low so as to encourage interest. There is no risk for a lot such as this; it will go at the market price, no lower.

[Bruce06]

6 minutes ago, sovereignsteve said:

You have to start somewhere. Probably low so as to encourage interest. There is no risk for a lot such as this; it will go at the market price, no lower.

Agree, especially with internet nowadays, price wil go to the market price eventuality

37 minutes ago, apachebleu said:

 Vat on the gold?

I think the VAT is on top of auctioneer premium only, but i didn't check n participate any RM auction before.

[Solachesis]

52 minutes ago, LawrenceChard said:

Do they also charge a seller's fee?

😎

This is completely unrelated, but I just saw the Chards YouTube channel new video, and I say good sir, you got me excited thinking you might have received one from the RM to show case. What I witnessed instead was a scandal I say! 

[westminstrel]

Most auction house have rather lowball estimates that don’t always reflect market value.

I see those estimates as a way to get people to put in a bid, increase the price, and then (usually) get caught up in a bidding war once they’re emotionally invested in a lot.

It’s just psychology. 😏