Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

  • Join The Silver Forum

    The Silver Forum is one of the largest and best loved silver and gold precious metals forums in the world, established since 2014. Join today for FREE! Browse the sponsor's topics (hidden to guests) for special deals and offers, check out the bargains in the members trade section and join in with our community reacting and commenting on topic posts. If you have any questions whatsoever about precious metals collecting and investing please join and start a topic and we will be here to help with our knowledge :) happy stacking/collecting. 21,000+ forum members and 1 million+ forum posts. For the latest up to date stats please see the stats in the right sidebar when browsing from desktop. Sign up for FREE to view the forum with reduced ads. 

Recommended Posts

Posted

I've recently bought a few commemorative crowns quite cheaply. I've also struggled to sell some on Ebay for a decent price. Even proofs, with capsules & Royal Mint boxes, can be bought for not a great deal over £20 or so. With 1oz bullion now around the £30 mark, don't the crowns look an attractive proposition? Even taking the 92.5% purity into account they're much closer to spot price.

Progress is a myth. Democracy is a sham. Dumbing down is real.
Throw your mobile 'phone in the bin, it will free you!
Turn your TV off, cancel your licence.
USE CASH WHEREVER POSSIBLE.

Posted

In my experience, they are not very desirable to collectors / stackers, with the occasional exception.

This may explain why they can be purchased relatively close to spot price but also difficult to sell.

Personally, I wouldn't want to hold many in my stack, unless my end goal was to send them to a refiner in the long term.

Posted

But they are Sterling Silver after all.

Progress is a myth. Democracy is a sham. Dumbing down is real.
Throw your mobile 'phone in the bin, it will free you!
Turn your TV off, cancel your licence.
USE CASH WHEREVER POSSIBLE.

Posted
41 minutes ago, GoldDiggerDave said:

Honestly you are better of buying silver teapots 

Well, I haven't yet, but I do have a plate, dish, spoons, sugar tongues, vesta case, napkin ring, cruet set, medals, fobs...

Progress is a myth. Democracy is a sham. Dumbing down is real.
Throw your mobile 'phone in the bin, it will free you!
Turn your TV off, cancel your licence.
USE CASH WHEREVER POSSIBLE.

Posted

During the late Queen Elizabeth’s reign, unfortunately most of the crowns issued seem to be another way of making money. Not always the best quality, plus containing less silver! Compared to the crowns that were actually in everyday circulation I think that most are just a pale shadow regards quality (and worth).

Posted
1 hour ago, Petra said:

During the late Queen Elizabeth’s reign, unfortunately most of the crowns issued seem to be another way of making money. Not always the best quality, plus containing less silver! Compared to the crowns that were actually in everyday circulation I think that most are just a pale shadow regards quality (and worth).

I was of course referring to the silver crowns, usually (always?) proof, and in Sterling silver.
They don't contain less silver, but the same 92.5% as pre-1920 Crowns, and of course more than 1920-46 currency.
Conventional post-1946 Crowns contain zero silver.

Progress is a myth. Democracy is a sham. Dumbing down is real.
Throw your mobile 'phone in the bin, it will free you!
Turn your TV off, cancel your licence.
USE CASH WHEREVER POSSIBLE.

Posted (edited)
7 minutes ago, Earthmetal said:

I was of course referring to the silver crowns, usually (always?) proof, and in Sterling silver.
They don't contain less silver, but the same 92.5% as pre-1920 Crowns, and of course more than 1920-46 currency.
Conventional post-1946 Crowns contain zero silver.

Fine, but most are pretty cr.p🤔😮Prefer to have my collection of pre war back to Queen Anne crowns🫢

Edited by Petra
Addition
Posted

In my opinion, the commemorative silver crowns would only be a moneymaking proposition if you can buy them for much less than spot and then sell them as scrap silver for close to spot.

As a collector, I wouldn't touch them unless I liked the particular design.

I do have one silver proof commemorative crown but it was bought for me as a birthday present in the year of release, probably for similar cash to its value now.

  • 2 weeks later...
Posted

Think of them as you would any other scrap .925; buy it cheaply when you perceive spot to be low them sell for spot or below when the base price has a an upswing. Or just buy them cheap, shove them in the safe and think of them as weight for the stack. It's unfortunate this is the case as you're often talking about coins in good condition with cases and COAs, but it does kind of reflect the fact that loads were made and weren't usually the nicest things to look at. Those little silver proof £1 and £2 coins are a better bet for holding on to at least a bit of premium, plus they look cool.

  • 2 weeks later...
Posted
On 02/12/2022 at 20:30, Stuntman said:

In my opinion, the commemorative silver crowns would only be a moneymaking proposition if you can buy them for much less than spot and then sell them as scrap silver for close to spot.

As a collector, I wouldn't touch them unless I liked the particular design.

I do have one silver proof commemorative crown but it was bought for me as a birthday present in the year of release, probably for similar cash to its value now.

But why stop at commemorative crowns? Why not apply the same reasoning to ALL these marketing-oriented commemorative silver coins coming out of every mint in the world every month, every year, nowadays? Then compare their sales price with the underlying intrinsic worth of silver. Makes little sense to me, unless you believe in the greater fool theory over time.

Stick with coins (or used silverware) that you can pick up around spot + a small premium, and wait for the silver price to rise over time. Good hunting, though, as this makes the accumulation requiring greater perseverance.

Posted

^^^ I think we all agree.  It makes little financial sense to be the first purchaser of most of these kinds of silver coins.  But if you can pick them up on the secondary market for prices close to spot, then it makes quite good financial sense if you think the price of silver will increase over time.

If you like the design, financial sense may be of secondary importance.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use