COA and Mintage Numbers

[SlowFrog]

Hi! Someone I know has a British, 1 ounce gold proof lunar year of the monkey coin. He showed it me today and it's in mint condition from box to coin but has one special feature; it is #01 on the COA. I don't have a number 1 of anything so I'm really tempted as a future investment even though he's asking for over double the gold value.

I think I'm going to go for it but first thought it'd be worth asking you guys if you think it's worth that kind of premium for the first coin of its type. It seems to be a sought-after coin anyhow (judging from what it's selling for on some dealer's websites) and there were only 888 minted as far as I'm aware:

https://www.bullionbypost.co.uk/royal-mint-proof-collections/proof-royal-mint-lunar-series/2016-Royal-Mint-1oz-Year-of-the-Monkey-Proof-Gold-Coin-Boxed/

Would you say yay or nay?

Cheers! 

[James32]

Stay clear tbh, not sought after by any stretch of the imagination. Will be a tough coin to get out of/recoup investment. It's cool it has the #01 coa, but that's a novelty at best.

I'd value the coin at £1700 max ungraded, even then it would sit a while.

[SlowFrog]

Annnnnd my money goes back in the wallet! 

Here's me thinking I'm collecting Pokemon. Cheers, James 👍

[James32]

20 minutes ago, SlowFrog said:

Hi! Someone I know has a British, 1 ounce gold proof lunar year of the monkey coin. He showed it me today and it's in mint condition from box to coin but has one special feature; it is #01 on the COA. I don't have a number 1 of anything so I'm really tempted as a future investment even though he's asking for over double the gold value.

I think I'm going to go for it but first thought it'd be worth asking you guys if you think it's worth that kind of premium for the first coin of its type. It seems to be a sought-after coin anyhow (judging from what it's selling for on some dealer's websites) and there were only 888 minted as far as I'm aware:

https://www.bullionbypost.co.uk/royal-mint-proof-collections/proof-royal-mint-lunar-series/2016-Royal-Mint-1oz-Year-of-the-Monkey-Proof-Gold-Coin-Boxed/

Would you say yay or nay?

Cheers! 

How much is he asking?

[SlowFrog]

4 minutes ago, James32 said:

How much is he asking?

£3,500 but I felt I could get it for less. He probably just looked at that BBP link.

I've only bought a couple of proofs in the past and honestly haven't got a clue what value it really adds, especially with low mintage British coins. Probably best I stick to bullion!

Edited September 8, 2023 by SlowFrog

[NGMD]

Listen to the Goldmaster. Not even up for discussion.

Use the money and buy weight in bullion- it’ll be worth more.

[James32]

3 minutes ago, SlowFrog said:

£3,500 but I felt I could get it for less. He probably just looked at that BBP link.

Sweet jeezus on a cardboard bicycle, that's a PF70 quintuple memorial sovereign from arshimo and £500 change.

[SlowFrog]

1 minute ago, James32 said:

Sweet jeezus on a cardboard bicycle, that's a PF70 quintuple memorial sovereign from arshimo and £500 change.

lol, but does it have a little printed "01" on the cardboard it comes with?!

[James32]

Just now, SlowFrog said:

lol, but does it have a little printed "01" on the cardboard it comes with?!

No, but I can assure you.. coa 01 means very little when attached to a dodgy looking monkey lol.

[NGMD]

That’s 2g’s saved.

[SlowFrog]

1 minute ago, James32 said:

No, but I can assure you.. coa 01 means very little when attached to a dodgy looking monkey lol.

I'm gonna print out this thread to show it to him followed by a passionate declaration that he can shove it right up his ringpiece for trying to take my pants down with his investment sweet talk.

[James32]

Just now, SlowFrog said:

I'm gonna print out this thread to show it to him followed by a passionate declaration that he can shove it right up his ringpiece for trying to take my pants down with his investment sweet talk.

Tell him to sell it to London zoo 😆 🤣 

[SlowFrog]

1 minute ago, James32 said:

Tell him to sell it to London zoo 😆 🤣 

I briefly had visions of waiting until 2028 (year of the monkey) and then selling it at Sotheby's to a billionaire Chinese investor that only wants his cardboard coa with #1 on there. Silver price will clearly have made it to the moon by that point so it was all looking like an early retirement for me until you ruthlessly (but thankfully) smashed by dreams.

[Zhorro]

2 minutes ago, SlowFrog said:

I briefly had visions of waiting until 2028 (year of the monkey) and then selling it at Sotheby's to a billionaire Chinese investor that only wants his cardboard coa with #1 on there. Silver price will clearly have made it to the moon by that point so it was all looking like an early retirement for me until you ruthlessly (but thankfully) smashed by dreams.

I think the "888" cert would be worth having as this an auspicious number in Chinese numerology - it signifies triple fortune.

It would be a nice bonus to get a No.1 from directly from the mint, but I think the certs are just allocated randomly to the coins so it doesn't really mean it was the first coin minted.

Edited September 8, 2023 by Zhorro

[NGMD]

The best thing……you asked the members. Take a bow.👍

#cough #cough I have some very nice PF70s on a sales listing if you want go down that route.

[Simmoleon]

5 minutes ago, James32 said:

The 1853 is remarkably clean

Yep, it’s far too clean for my liking 

 

ignore, no idea why my reply is in this topic 

Edited September 8, 2023 by Simmoleon