I learned my lesson years ago about buying from the mint. I am now an after market buyer where the coins eventually trade as bullion. It just means I am years behind. If everybody stopped buying from the mint there would be no after market.
How has Perth mint held off increases , they should ask themselves. They should look at other options like process improvements that make it cheaper to operate instead of taking the easy path of raising prices. There will be a point where only the top 10% or less of the population will be their market and revenue will diminish
@@DoomedGrind it's true other mints can produce coins at a lower price and better quality that don't have half the experience of the royal mint, like you say taking the easy way out to line their pockets
I did a quick calculation on the premium the Perth Mint asks for the five coin 125th anniversary sovereign set. It’s about 34.5% over gold price. And that’s on mintage levels which are much lower compared to the Royal Mint so the Perth Mints average production cost would be higher. The RM typically are 2x gold price. The Perth Mint would have a natural advantage on managing its metal costs as it’s the world’s largest refiner of gold.
Paying a grading company to tell you your beautiful proof coin is a beautiful proof coin doesn't make sense. Especially when they knock a point off due to a microscopic flaw, which makes the graded coin less valuable than the raw. Buy made for collector proof coins on the after market when the hype has cooled down.
Completely agree, focus on the bread and butter, and when doing limit run things, take the skills from your high quality foundation and apply. Make it more special. Over saturated "special" coins just become burgh coins in my eyes.
I can guarantee those special sovereigns will sell for gold in the fullness of time. When there is flood of rare made for collector coins, they become common as a group. E.g. my Canadian low mintage proof 5-9's gold coins.
I went for the first series, 3 each of the 2oz and 2 each of the 10oz plus the 1oz gold completer. I did miss the 2 of the 10oz completer due to covid messing things up and I had to order 2 10 ouncers from Bleyer bullion for the same reason. The 10oz coins were all flawless but it was hit and miss with the 2oz coins. I avoided the gold coins as they tended to have the usual RM bullion flaws. I was able to cherry pick the gold completer from a group of them at a friendly coin dealer. Anyway, that was enough drama for me, so no more big series through the mail. I now mostly collect aftermarket RCM proof gold and silver coins that I can see in person and get for bullion prices.
Back in 2019 I bought 16 flawless proof sovereigns of different years ranging from 1979 to 1999. Only 5 came in cases and all were purchased at spot + 2%. It pays to buy them outside of the UK. Being proof only coins with relatively low mintages, they make a wonderful collection of which I am quite proud. However, my chances of increasing the collection are very slim now as the supply has dried up. Much earlier, I got 1989 and 2002 proof half sovereigns when they weren't considered special, also at bullion prices. I do believe it's pointless paying for coin graders to tell you the coins are beautiful when it is already obvious. Slabbing only makes sense for older rare coins.
RM’s business development strategy is certainly flawed and by producing such items as shown in your video, they are further compromising their once good name. Sad indeed…….
Oh dear Royal Mint. Shame on you. Which idiot sanctioned a totally irrelevant anniversary (as far as the history of the sovereign coin is concerned) just to flog more SOTD (Scam of the Day) sovs? A hefty price to pay for matte gold which comes 2nd in appearance behind proof sovs. I’m not belittling the anniversary of D-Day but I think they’ve issued a separate D-Day anniversary coin (a £2 one perhaps) and that’s even a repeat of the £2 coin issued in 2019 to celebrate the 75th anniversary. I wasn’t aware of this SOTD privy mark and I completely agree with your concerns (expressed more tactfully than my own ones). Royal Mint - you’re turning one of your cash cows into tat.
I'm not sure, but I think whoever is making these decisions needs to have a serious think about what they are releasing. Same I am not taking away from what D Day is but yes they released separate 50p designs for the 80th anniversary there was no need for a privy sov.
Term came from a show, Happy Days I think, it got so bad they had an episode where Fonzie water ski jumped over a shark… The term became synonymous with a sinking company’s last wild attempt at relevance
I don't think this issue, as dilution of available sovs. will impact the pricing of the recent special year sovs. They're more likely to face cold winds of high mintages, in a cooling market. As such, they're a long term hold.
Well people don't have to buy this privy sov, then they'll be less likely to try it again, with the anniversary of X number of years since y. Ironically if it doesn't sell, wouldn't that drive rarity and so drive up the price of this privy sov. As to why they may have minted it, speculation time. There's talk, amongst governments of the West, about reinstatement of military drafts, they are drooling at the mouth to lay waste to the European youth in a stupid military action against a Russia just defending her borders. Seen in that speculative light, an attempt to gee up militaristic war fervour, this issued privy, is a sinister thing indeed.
But seems like people are buying them which is only going to make them try and make more. Let's hope there isnt any underlying reasons for them minting them.
Thanks for the compare and contrast video. The QB wins hands down for me. Tho not seen either in the flesh to be honest. Like your channel by the way (new subscriber).
Agreed, but they have been doing this for some time.. a privy for this.. privy for that.. Matte sovereigns .. strike on the day .. some.. when sent to NGC have to be sealed / or with proof of what day or date is being celebrated.. as they don't have a privy! it's all about money rinsing and marketing .. and false low mintages to hike up the prices... just look at the coronation Matte proof set that sold at auction recently.. around £7,500 for a KC matte Sov .. It just seems that .. only the richest collectors will see all these in their collections..
That's true, just seems more and more of these type of coins and is money grabbing at its best. But guess if people are willing to pay £7.5k for a coin they will still make them.
I've always been under the impression that these types of coin aren't made by the Royal Mint. These are products from the Tower/Commonwealth/Pobjoy Mints, which is why they use the 'off brand' portraits of the monarch.
That was an excellent result. It’s always good when a plan works. The purchase from the auction was at a very good price irrespective of the grading outcome. In terms of keeping it or selling it for a profit that really depends on what you want to do next. If you can replicate picking up a proof sovereign(s) at the price you paid for this one and then brining them up the value curve through grading then sell it. That could act as a test to see if you can make money.
