Royal Mint's Summer Auction - OPEN - Ends June 9th

[Paul]

https://auction.royalmint.com/auctions/catalog/id/50?page=1

441 lots to have a browse through.  Some interesting bits and bobs for all budgets.

(Add +20% buyer premium + VAT)

• The 1kg gold Queens Beasts PF70 completer 🤩for me if the EuroMillions comes my way (would need to buy a ticket first though  ) 

[westminstrel]

Many of their lots are a bit messed up - their description states one thing but the image is of another coin.

See the 1oz gold proof Lion of England for example - the image is of the Seymour Panther. 🫥

They’ll probably fix them but it’s odd to even have wrong listings go live. 

[Agaupl]

Is it an auction, a silent auction, or one of those half and half jobbies where they ask people for more money if they are winning but think they aren’t paying enough?

[GoodAsGold]

Clicked on the “transport information” tab listed against each coin. Somebody tell the Royal Mint how to spell “available” correctly ffs.

 

[GoodAsGold]

Seen enough. Clicking on a few random coins and Lot 99, the 4 coin 1989 proof sov box set, fails to mention the 4th coin, namely the half sov and the description of the reverse is the G+D design. Really? That would be unique. Same reverse on lot 100 apparently. Obverse design on each is incorrect too. Royal Mint you are a laughing stock. Go back to “skool”.

Edited May 18 by GoodAsGold
Text added

[Pm1987]

Am I missing something. Lot 119 is listed as a 1997 Britannia 4 coin proof set. Estimate of £400 - £500. Pictures of a 2007 included in the listing and the coins look like they have been stored under a leaking sink since 1997. 

[westminstrel]

That’s what I was saying above - there are a lot of errors in pictures and descriptions of quite a few lots.

And I didn’t see the details of all lots, so there may be more than the ones I encountered.

[Ted1945]

18 hours ago, Agaupl said:

Is it an auction, a silent auction, or one of those half and half jobbies where they ask people for more money if they are winning but think they aren’t paying enough?

Maybe it’s a lucky dip but they could not spell that and left the description the same as before? 

[BackyardBullion]

So...

20% buyers premium plus vat

That means if you place an opening bid for any of the countless sovereigns with £400 starting bid you will need to add £96 on top of what you pay!

I can't see many of these getting much more than their asking price if at all. Older more collectable one, sure.

Maye some of those collectables the seller will get a return, but I bet quite a few sellers won't even get spot price on some of these coins.

 

[Minted]

How does this compare to other auctions out of interest?  Do common Sov's generally make around spot on the hammer or do bidders calculate it to be around spot after the premium & VAT are added?

There are one or two older coins in this auction I'd be interested in bidding on.  Similar to eBay prices but hopefully guaranteed to be genuine.

[Wampum]

6 hours ago, Minted said:

How does this compare to other auctions out of interest?  Do common Sov's generally make around spot on the hammer or do bidders calculate it to be around spot after the premium & VAT are added?

There are one or two older coins in this auction I'd be interested in bidding on.  Similar to eBay prices but hopefully guaranteed to be genuine.

Some other Auctions can be in the 30% fees range, these are more general Auctions rather than Coin Auctions 

Not sure about other people however I work out the fees so they are part of the cost, so if spot is £440 and the fees are 30% then my max bid would be £340.

I don't include the post as this is then divided into the lots won if single coins or each coin if multiple coins in a single lot.  

Edited May 19 by Wampum