2023 Coronation One Ounce Gold Proof

[Kitalon]

What do think the 2023 KCIII Coronation 1oz proof coin is worth? Do you think it could be a worthwhile investment for the future (granted that it probably costs about the same as two 1oz britannias). With only 500 minted and being from such a significant historic occassion do you think that might have any bearing on how it might do in the long term?

[SovereignBull]

2 minutes ago, Kitalon said:

What do think the 2023 KCIII Coronation 1oz proof coin is worth? Do you think it could be a worthwhile investment for the future (granted that it probably costs about the same as two 1oz britannias). With only 500 minted and being from such a significant historic occassion do you think that might have any bearing on how it might do in the long term?

50 years time probably going to be worth a lot! The design is very appealing and reminiscent of a much older style. Not one to sell early!

[Stuntman]

Yes, I think this design will do well in the long term - although the potential market is limited because it's the kind of coin that only really appeals to collectors, rather than stackers.

I am more of a collector than a stacker, but I don't collect proofs.  So in my opinion your exit strategy is quite limited.

It's a lovely coin though, I'd be really pleased to own it.

[James32]

Hypothetically will it do better than 2 x 1oz bullion counterparts in ten years, I'd say no personally. I'd much rather have twice the amount gold in the hope of making a few pounds. With that being said, it can still become sought after but you need to buy stuff solely on what you will enjoy owning incase the value never goes up.

Build a foundation of bullion with a healthy quality to premium ratio first, then you can branch out into collecting if your still interested, you will have picked up more knowledge in what you like by then too.

[Paul]

A pf70 sold before Christmas on feebay at auction for £2856 as I had a watch on it. I think RRP was around that at launch

As said above may do ok over the long term. 

 

[Kitalon]

Interestingly after scratching the surface I've discovered that there is also a limited edition 200 mintage of this coin with a unique reverse proof finish. Is this unusual for coins?

Edited January 20 by Kitalon
added picture

[Paul]

20 minutes ago, Kitalon said:

Interestingly after scratching the surface I've discovered that there is also a limited edition 200 mintage of this coin with a unique reverse proof finish. Is this unusual for coins?

It was made made just for the USA market sadly and sold with even bigger premium. It did look rather nice.

There's also a 2oz gold matt proof, that's was sold the royal mint marque members, I was lucky to get at launch 

Not very often RM issue matt proof

[Kitalon]

7 minutes ago, Paul said:

There's also a 2oz gold matt proof, that's was sold the royal mint marque members, I was lucky to get at launch 

I'd be interested to see what that looks like.

Edited January 20 by Kitalon
Ahh I see now I found a picture

[Paul]

My 2oz matt proof (before i moved to safe deposit box) - 1oz reverse proof made for USA market via GovMint - and standard 1oz gold prof 

@Kitalon

[Paul]

https://www.ebay.co.uk/itm/266467877664 = £2856 in late Oct 2023

   

[Kitalon]

Thank you very much for sharing this. I think on the face of it I prefer the look of the original proof to the reverse proof. But that matt finish looks truly stunning, did they only do that for the 2oz and 5oz coins and not the 1oz?

[Paul]

3 minutes ago, Kitalon said:

Thank you very much for sharing this. I think on the face of it I prefer the look of the original proof to the reverse proof. But that matt finish looks truly stunning, did they only do that for the 2oz and 5oz coins and not the 1oz?

the Coronation "matt" finish was only in 2oz gold, no other sizes

The 1oz reverse proof was only in 1oz gold, no other sizes. and was sold exclusively to USA market only through GovMint 

 

[Kitalon]

I have seen one just sell for £3200! And he has come down from £3500. There is another chancy young flipper trying for £3300. Given the scarcity and desirability do you think we're likely to see any prices better than that?

[Paul]

Its a buyers market out there. 

39 minutes ago, Kitalon said:

I have seen one just sell for £3200! And he has come down from £3500. There is another chancy young flipper trying for £3300. Given the scarcity and desirability do you think we're likely to see any prices better than that?

 I personally wouldn't buy at those prices. 

[paulmerton]

I think the bullion coronation britannia and the bullion coronation coin are smarter buys considering their limited mintages.

[Paul]

1 hour ago, Kitalon said:

I have seen one just sell for £3200! And he has come down from £3500. There is another chancy young flipper trying for £3300. Given the scarcity and desirability do you think we're likely to see any prices better than that?

If you are super stoked on getting the design and can afford it, maybe consider 

https://www.ebay.co.uk/itm/266612972919

This is the 2oz gold standard Coronation proof - it is listed a few hundred quid less than the RRP at launch was 

You'd be getting a bit more bang for your buck, So you'd be paying £2,550 an oz rather than £3200-£3300oz for the 1oz 

[Kitalon]

Thank you! I hadn't thought of it like that. Yes it is a design that has captivated me ever since someone posted a pic of theirs on TSF. The coronation of our King also means a lot to me so in many ways the price is incidental. It would be a keepsake rather than bullion type investment as far as I'm concerned. 🤔

 

[Paul]

Bigger is always better  

[westminstrel]

@Paul - Nice to see that 1oz reverse proof. It’s something I’ve been looking to acquire but I had forgotten about it. 😆

[Paul]

3 minutes ago, westminstrel said:

@Paul - Nice to see that 1oz reverse proof. It’s something I’ve been looking to acquire but I had forgotten about it. 😆

ive not seen one for sale anywhere other than that one at Sovereign Rarities that i nabbed that image from 

[GoldDiggerDave]

I’ve got one! 😃

[Paul]

2 minutes ago, GoldDiggerDave said:

I’ve got one! 😃

  

[GoldDiggerDave]

This is the normal proof 

 

[GoldDiggerDave]

Did some footage on the reverse proof a few months ago, I’ll bodge it into a short.  

[Agaupl]

The RP is a stunner