Royal Mint 2021 commemorative coin sales

[paulmerton]

Well that was surprisingly quick, as the 2020 sales were only published a month ago?

But here they are!

https://www.royalmint.com/discover/uk-coins/mintage-figures/2021-dated-uk-commemorative-coin-sales/

[westminstrel]

Also surprising are the sales figures on some of the more dubious releases - are they due to dealers having no choice but to take them, or do people actually buy those those kinds of coins? 😬

[Petra]

Probably surprising to most how many and the variety of coins issued. I think even for the traditional 50p collector there seems a lot of coins available 🤔No wonder there gets to be fatigue in buying, just a constant stream annually, made worse recently because of the unfortunate death of the queen.🤔🤔

[GoldDiggerDave]

9 hours ago, Petra said:

Probably surprising to most how many and the variety of coins issued. I think even for the traditional 50p collector there seems a lot of coins available 🤔No wonder there gets to be fatigue in buying, just a constant stream annually, made worse recently because of the unfortunate death of the queen.🤔🤔

Its certainly a difficult one for both sides, the RM are a business that makes coins and you can't blame them for producing coins  V's the exhaustion and difficulty of keeping collectors engaged   especially with increasing prices and cost of living and all that.  

The bigger issue I see is that kids don't even handle coinage anymore so the interest and the demand for collector coins is likely to be dead within the next two generations.  The 50p craze was a shot in the arm for the industry and it needs something like that again,  the alphabet 10p's could have been a good run but so little was minted for circulation it was impossible to find them in any numbers......I very much doubt anyone found a full set in normal circulation terms. 

The recent surveys the RM sent out especially the one asking questions about the sovereigns, alloy colour, privy marks etc etc.   This is the sound of the RM scraping the bottom of the barrel, they know the sovereign is popular world wide for very good reasons, but if they play around with the sovereign too much it will "bastardise" the legacy of the sovereign the chief coin of the world.  

Its a fine line to walk collectors want new coins then complain when theres too many,  or they want rarer lower mintage coins only to complain when they have missed the boat and they have sold out,  or even more strange collectors don't want a coin if it doesn't sell out instantly and its available to order for the proceeding 6-7 weeks after launch.  

The Royal mint are certainly facing challenges that never existed a few years ago and they are looking down the barrel of having their own Kodak moment as the product they produce (physical currency) is very quickly becoming obsolete.  This only  leaves the bullion and collector side of the business, are these viable businesses without the commercial currency production?  

Its not all doom and gloom as theres many options for the RM to still be around well into the 21st century and beyond,  but that's down to the management team, they have to find new ways to engage and attract new younger collectors into the hobby while also keeping their existing client base interested. 

After the recent launch of the Great engravers, the Royal Mint has listened to collectors  everyone was asking them to reduce mintages and range and thats what they did, so kudos to the RM for giving people what they were asking for. 

 

 

 

 

 

 

Edited February 21 by GoldDiggerDave

[westminstrel]

1 hour ago, GoldDiggerDave said:

The recent surveys the RM sent out especially the one asking questions about the sovereigns, alloy colour, privy marks etc etc.   This is the sound of the RM scraping the bottom of the barrel, they know the sovereign is popular world wide for very good reasons, but if they play around with the sovereign too much it will "bastardise" the legacy of the sovereign the chief coin of the world.  

 

This is so true - and I gave very candid feedback in that survey.

I really hope they refrain from messing around with the Sovereign as we can already see the negative effect of too many Sovereign releases and variations between 2022 and 2023.

 

1 hour ago, GoldDiggerDave said:

After the recent launch of the Great engravers, the Royal Mint has listened to collectors  everyone was asking them to reduce mintages and range and thats what they did, so kudos to the RM for giving people what they were asking for.

I was actually pleasantly surprised that the RM reduced mintages.

I’m not sure where they got feedback from about this series re mintages, but it certainly seemed to have worked.

[GoldDiggerDave]

3 minutes ago, westminstrel said:

This is so true - and I gave very candid feedback in that survey.

I really hope they refrain from messing around with the Sovereign as we can already see the negative effect of too many Sovereign releases and variations between 2022 and 2023.

 

I was actually pleasantly surprised that the RM reduced mintages.

I’m not sure where they got feedback from about this series re mintages, but it certainly seemed to have worked.

It was from dealers and customers speaking to account mangers,  I’d welcome lower mintages and slightly higher RRP’s. 
 

Collectors have been exhausted over the last two years, we’ve effectively had 4 proof sovereigns in this time Nov 21 to Nov ish 23 2022 jubilee, memorial, 2023 coronation, and the 2024. Plus all the other jubilee and Memorial coins.  It could not be helped just timing and demand.

its RM price bumps that’s gonna hurt,  we all want gold to go up in price then we are wincing at the new normal prices,  the next price bump will take a £5 BU sov to over 3k the 1/4 oz gold proof to somewhere closer to £800 a 1oz gold proof will be well into 2.8k. 😳

do they debase the coins?  I’m calling it now we have a sovereign, and a Britannia……do the make a new coin classification?  Call it a “monarch” and it’s 18ct gold silver alloy……it certainly would be bright yellow.  
 

gold hits £2000 per oz were are all cheering then realise a proof sovereign is over a grand.