The 2024 Silver Britannia doesn’t excite me - I’m out!

[365DaysofSilver]

I’ve just been contemplating purchasing a 2024 Brit & I’ll be honest I’ve completely lost interest in Britannias.

The 2023 was exciting as it was a chance to own a king & a queen on the same year coin, but the 2024 has nothing about it!

Same Britannia design (that hasn’t be updated for the last few years), same milk spotting issues, unlimited mintage. Only thing going for it is the capital gains tax benefits (if you live in the uk).

Really think the RM need to do better! Do they think we are just going to continue buying boring coins that milk spot within a couple of weeks. 

What are you thoughts on the 2024 Brit, will you be picking any up?

Edited September 26, 2023 by 365DaysofSilver

[365DaysofSilver]

Just realised the petition I set up at the beginning of the year is still running, please consider signing it..

https://www.change.org/p/the-royal-mint-need-to-stop-their-milk-spot-issues

 

[marshbag]

No interest in picking any up for now, but I dare say some will enter my stack later down the line if the price is right. With the 2023 RM coins I own it would probably be easier to count the coins that didn't milk spot than the ones that did there are so many, its a shockingly bad state of affairs.

[365DaysofSilver]

1 minute ago, marshbag said:

No interest in picking any up for now, but I dare say some will enter my stack later down the line if the price is right. With the 2023 RM coins I own it would probably be easier to count the coins that didn't milk spot than the ones that did there are so many, its a shockingly bad state of affairs.

I completely agree, It would be easier for me to count the ones that don’t have spots also!

[theman73]

I will never understand why people stack Britannia, Maple Leaf are 100x better

[Matt95]

I love brittanias but hate milk spots!

[365DaysofSilver]

[marshbag]

11 minutes ago, theman73 said:

I will never understand why people stack Britannia, Maple Leaf are 100x better

I guess the CGT exemption has a lot to do with it. I am less bothered about that with silver, at the moment, but its certainly why I choose certain types of gold and not others. But with the CGT threshold ever decreasing I can only see Silver Britannia's continuing to be a favourite to stack in the UK regardless of the milk.

[theman73]

2 minutes ago, marshbag said:

I guess the CGT exemption has a lot to do with it.

Worthless when the time comes to sell your milked Britannia, you will lose more because they are milked than the so-called CGT exemption...

[Matt95]

Exactly how much would we get per oz for a milky brittania. 

[365DaysofSilver]

2 minutes ago, Matt95 said:

Exactly how much would we get per oz for a milky brittania. 

£2

[theman73]

9 minutes ago, Matt95 said:

Exactly how much would we get per oz for a milky brittania. 

Around 10% over spot

[Paul]

You lost me when you mentioned the six letter swear word beginning with S 

#StackBeans @GoldDiggerDave

[neil100]

Whether it is 'milked' or not, it is still silver. Hazard a guess that you could sell for a few £'s either side of 'spot' price, dependent upon whether rising or falling market and year of coin. 

Understand that the new design of the Maple Leaf avoids the 'milk spotting' problems that Maple Leaf's had suffered in the past. Previously, in my experience, more historical problems with Maples than Brits.

[Matt95]

5 minutes ago, theman73 said:

Around 10% over spot

That's ugly

[theman73]

12 minutes ago, Matt95 said:

That's ugly

That's lucky

[marshbag]

I think I'll just wait and pick up some cheap milky ones on the secondary market for the stack, take the game of milk roulette out of it. Look for a nice one in a decade, probably be enough time for all the milk rounds to have gone off 😂

[theman73]

22 minutes ago, marshbag said:

I think I'll just wait and pick up some cheap milky ones on the secondary market for the stack, take the game of milk roulette out of it. Look for a nice one in a decade, probably be enough time for all the milk rounds to have gone off 😂

This is the way

[GoldDiggerDave]

@365DaysofSilver They are dammed if they do and dammed if they don't change it.  It's a bullion product so it's like to be the same for a good number of years until theres some anniversary or some sort.  The proof Brits change every year.    

I'm the opposite I'm begging the proof Sovereign is George and the Dragon for the next decade.  

 

 

 

 

[GoldDiggerDave]

Milk spots are a total doddle to remove of silver bullion coins.   I see milk spots as a sign of the genuine article !  🤣

[Matt95]

1 minute ago, GoldDiggerDave said:

Milk spots are a total doddle to remove of silver bullion coins.   I see milk spots as a sign of the genuine article !  🤣

Removing milk spots scratches a polished brittania something rotten

[365DaysofSilver]

5 minutes ago, GoldDiggerDave said:

Milk spots are a total doddle to remove of silver bullion coins.   I see milk spots as a sign of the genuine article !  🤣

I’ve just emailed the RM asking if they can include a rubber with each coin 

[365DaysofSilver]

The Germania Mint includes a UV torch with some of their products, so can’t see why The Royal Mint can’t include a rubber with theirs?

[marshbag]

25 minutes ago, GoldDiggerDave said:

I see milk spots as a sign of the genuine article !  🤣

True if you're picking them up second hand. But I'm not sure I should need a "milk spot guarantee of genuine silver" when picking up a brand new tube of 2024 Brits direct from the Royal Mint. Yet I'd probably get one.

[bluffer]

3 hours ago, 365DaysofSilver said:

I’ve just been contemplating purchasing a 2024 Brit & I’ll be honest I’ve completely lost interest in Britannias.

The 2023 was exciting as it was a chance to own a king & a queen on the same year coin, but the 2024 has nothing about it!

Same Britannia design (that hasn’t be updated for the last few years), same milk spotting issues, unlimited mintage. Only thing going for it is the capital gains tax benefits (if you live in the uk).

Really think the RM need to do better! Do they think we are just going to continue buying boring coins that milk spot within a couple of weeks. 

What are you thoughts on the 2024 Brit, will you be picking any up?

playing devils advocate, we have just left a period when new designs were being flung at us left right center up down and almost every angle on the compass almost weekly, the change from QE2 to C111, the memorial, the jubilee, the coronation, the cypher, bullion gold, bullion silver, bullion platinum, cuni proofs, circulating commemoratives, as well as the other regular releases.  To be honest I think we and RM deserve a respite to allow space. 

 

Next year maybe is the time for more new stuff. But then how often do they change it, every year, every two. five....?

 

The quality issues i will be "generous" and say "some" has been down to the quantity of releases.

 

Milk spotting - no excuses there.  If other mints can do it, so should the oldest in the world and most prestigious.  ( according to their web site )