Royally Screwed - The Thread For Sharing The Worst Coins & Prices From The Royal Mint (Other Mints Welcome)

[BackyardBullion]

Will get the ball rolling with £810 for a banged up and horrible condition proof sovereign...

https://www.royalmint.com/sovereign/all/the-sovereign-2013-proof/

 

[Thomast]

I’d say near on everything they sell. The trouble is they have the monopoly on British coinage

[SovereignBull]

150% premium on this caught my attention 

Edited January 26, 2024 by SovereignBull

[Zhorro]

2 hours ago, BackyardBullion said:

Will get the ball rolling with £810 for a banged up and horrible condition proof sovereign...

https://www.royalmint.com/sovereign/all/the-sovereign-2013-proof/

Who needs eBay's Binlords?

[trozau]

On the other end of the spectrum: One of best/modestly priced classic masterpiece coin - UHRDE

https://www.usmint.gov/coins/coin-medal-programs/ultra-high-relief-double-eagle

[Orpster]

How about this lovely Canadian dollar for £50

https://www.royalmint.com/shop/world/1961-Elizabeth-II-Silver-Canadian-Dollar/

Caught my eye as there is an eBay seller who will ship you one from Canada for less than half the price

They have a few crackers in world coinage, especially what they charge for bank notes.  As an example this Isle of Man £1 note for £75

https://www.royalmint.com/shop/banknotes/Queen-Elizabeth-II-1990-Isle-of-Man-1-Banknote/

Then the same note on eBay

Shocking.

The other end of the scale this Hong Kong 1975 $1000 for £3215

https://www.royalmint.com/shop/monarch/queen-elizabeth-ii/Queen-Elizabeth-II-Hong-Kong-1975-Gold-Proof-1000/

Cant see a recent sale of this year (last one I can see was in a Coin Cabinet auction in 2020 for £725), they have one at Atkinsons at the minute, a 1986, for £940.

If you have not seen it already the Coin Cabinet have actually added a tool to view old auction results by coin which is really good, you will need an account to log in.  The shown prices do not include buyers fee's which is a bit of a pain as they have both normal auctions (usually 6%) and premium (18% I think) but you can also view their previous auctions to check what the buyers fees are if you are so inclined, but every price needs a minimum of 6% +VAT adding to it.  https://thecoincabinet.com/auctions/auction-results/

Edited January 27, 2024 by Orpster

[Fenlander1]

@treetop1280finally a thread where you can show off your star wars coins. 😆 

[treetop1280]

Love it 👍, best thread ever on the “ scrap forum “

[dicker]

For me it’s the sets that the RM come up with mixing old and new. 

https://www.royalmint.com/shop/coin-sets/Charles-II-Premium-Exclusive-Set/

92k

At least you get a wooden box!

[BackyardBullion]

I really don't understand the direction the mint is taking with these kind of releases and coins.

It's obviously just pure profiteering and unfortunately it targets people that don't know better.

[Brit2023]

27 minutes ago, dicker said:

For me it’s the sets that the RM come up with mixing old and new. 

https://www.royalmint.com/shop/coin-sets/Charles-II-Premium-Exclusive-Set/

92k

At least you get a wooden box!

How many are you buying? 5g gold rush coming on😂😂😂

[treetop1280]

28 minutes ago, BackyardBullion said:

I really don't understand the direction the mint is taking with these kind of releases and coins.

It's obviously just pure profiteering and unfortunately it targets people that don't know better.

@treetop1280😀👍

[AppleZippoandMetronome]

100% agree with @dicker. I really have a very visceral reaction when I see some of the stuff they've repackaged to make look so much better than it really is. Its the same tactics places like Westminster Collection use to (IMO) scam people who don't know any better. Its probably worse coming from the RM though because I'd imagine your average person would think the RM is a more trust worthy institution than places like WC. I think going down this road is fundamentally wrong and I do think it is very much scam like behaviour.

[treetop1280]

23 hours ago, AppleZippoandMetronome said:

100% agree with @dicker. I really have a very visceral reaction when I see some of the stuff they've repackaged to make look so much better than it really is. Its the same tactics places like Westminster Collection use to (IMO) scam people who don't know any better. Its probably worse coming from the RM though because I'd imagine your average person would think the RM is a more trust worthy institution than places like WC. I think going down this road is fundamentally wrong and I do think it is very much scam like behaviour.

Totally agree , I fall like nelson , every time they bring a coin out , Star Wars, Rolling Stones , the police, ( however they are there to make money not friends) “check me out being all serious for once , “😀👍