Royal Mint Uncirculated Coins

[mark3]

Hi, I've recently been given three sealed Royal Mint Cloth bags and was wondering if they have any value above the face value?

They are a £100 bag 0f 1968 5 pence pieces, £100 bag of 1970 5 pences and a £5 bag of 1d's.

Secondly any ideas how much pre 1919, pre 46 silver scrap coins are worth

Thanks for your help

Mark

[Peckris]

Hi, I've recently been given three sealed Royal Mint Cloth bags and was wondering if they have any value above the face value?

They are a £100 bag 0f 1968 5 pence pieces, £100 bag of 1970 5 pences and a £5 bag of 1d's.

Secondly any ideas how much pre 1919, pre 46 silver scrap coins are worth

Thanks for your help

Mark

Welcome to the forums Mark

I'm sure you could find buyers for your Mint bags, but not a huge amount above face. What date are the pennies (pre-decimal I'm guessing, from the "1d")? If 1967, then you might find it hard to locate a buyer!

Chris Perkins will tell you how much he is paying for scrap silver, and could well make you an offer? I had a vague idea it is maybe 10x face for pre-47 and 20x for pre-20, but don't quote me on that.

Edited February 4, 2010 by Peckris

[mark3]

Thanks for the advice. I've also been given quite a number of uncirculated shillings -1956 English and Scottish, 1957

Scottish, 1958 English and 1959 Scottish

Are they of any value.

Any advice would be gratefully received

Mark

[Gary D]

Thanks for the advice. I've also been given quite a number of uncirculated shillings -1956 English and Scottish, 1957

Scottish, 1958 English and 1959 Scottish

Are they of any value.

Any advice would be gratefully received

Mark

Both the 1958 English and 1959 Scottish are desirable dates, wouldn't mind a UNC 59 Scottish myself.

Edited February 4, 2010 by Gary D

[Peckris]

Thanks for the advice. I've also been given quite a number of uncirculated shillings -1956 English and Scottish, 1957

Scottish, 1958 English and 1959 Scottish

Are they of any value.

Any advice would be gratefully received

Mark

Yes the 1957S 1958E and 1959S are all three supposedly scarce and command decent prices (let's say £15-20 for the first two and up to £30 for the 1959S - however do be sure they are genuine BU, you can tell by looking at the hair and laurel on QE2, there should be no wear at all. Similarly on the fleur de lys on the crown above the shield on the reverse, which are all points of first wear).

[mark3]

Thanks for your help I'll examine the shilings closely.

[Chris Perkins]

For the £100.00 bags I'd pay £120.00, assuming you are not too far away. And, yes if the other bag is 1967 then scrap value only.

I think I can go to 11x face for pre 1920 and 5.5x for 1920 to 1947 silver. I haven't looked at the rates for a while.

[£400 for a Penny ?]

And, yes if the other bag is 1967 then scrap value only.

Can I ask what the scrap value of 1967 pennies is ?

I use them for playing cards, can you get me some - ones on ebay are a bit ambitiously priced IMO ?

[Chris Perkins]

It's about £35 to £40 per £5 face value canvass bag (1200 coins, at around 3p each). But I don't have any, because I always scrap them all!

[Sylvester]

It's about £35 to £40 per £5 face value canvass bag (1200 coins, at around 3p each). But I don't have any, because I always scrap them all!

You know it could turn out to be quite ironic, as people will actively choose to scrap the 1967s over all other dates. They could actually become scarcer in 200 years time. The same with 1964 US silver, it's always the first choice to go to the melting pot. Whereas scarcer dates will generally be kept, regardless of their condition.

[Chris Perkins]

I hope they all get bloody melted without exception, so that in 5 years there are none whatsoever in the whole world!

[Sylvester]

I hope they all get bloody melted without exception, so that in 5 years there are none whatsoever in the whole world!

Ha Ha, now when they're that rare i'll be interested in buying one off of you! lol.

[Chris Perkins]

All of them, without exception!

There should be a 1967 coinage amnesty. A Government funded scheme to encourage people to scrap ALL 1967 coins! Make them illegal and get the '67 coins off the streets, they are a blight on society! ;-)

[scott]

government is not getting my 1967 clipped planchet penny!!!

[Chris Perkins]

You'd have to go underground with it, or leave the country.

[Peckris]

You know it could turn out to be quite ironic, as people will actively choose to scrap the 1967s over all other dates. They could actually become scarcer in 200 years time. The same with 1964 US silver, it's always the first choice to go to the melting pot. Whereas scarcer dates will generally be kept, regardless of their condition.

You mean ironic in the way 1758 shillings, 1754 farthings, 1787 silver, 1887 silver, 1936 coins ... have become rarities ?? :lol:

Though let's not forget that 1967 florins are not in the same class as their peers! And I will buy your 1967 shillings off you

[Sylvester]

Yeah but if silver or copper ever rose to the sky high prices that were around in the very early 1980s then a good percentage could feesibly be melted. The balance is 'historic curiostity/value' vs 'money to be made', if the money to be made is enticing enough (as it was in the early 80s for gold and silver) then they will get melted. The thing is the 1696/7 and 1757/8 silver mintages are generally safe at the moment because they have historic interest/value (sure they're common and shops are inundated with them) but people will hang onto them (thinking non-collectors here) because they old. If silver hit near $50 per ounce again then i think you'd find alot of coins getting melted regardless of age. This is definately true of the more recent bronze coins such as the 67s, they are held in far less regard than say the 1696/7, 1757/7, 1816 silver issues, or even the 1797 or 1806/7 copper issues. It's because the 'money to be made' on melting 67s would easily outweigh the 'historic curiosity/value' much in the same way when the 1971 bronzes would if we switched to the euro.

[Russ777]

Hi I am confused I thought it was illegal to sell coins of the realm for scrap. From which years is it legal or illegal???

Which ones is it legal to sell for scrap in this country??? Ditto I have loads of 1967

Regards Russ777

Edited February 7, 2010 by Russ777

[Chris Perkins]

The law is a bit grey but it is generally accepted that the illegality only occurs when you melt down coins that are currently in circulation. So, that means the decimals (but possibly not the demonetised larger 5, 10 and 50p....who knows....who really cares!). It is therefore legal to melt down pre 1947 silver and also pre decimal bronze.

[declanwmagee]

Both the 1958 English and 1959 Scottish are desirable dates, wouldn't mind a UNC 59 Scottish myself.

I've never even seen an UNC '58E, or '59S. Bought many that looked close, but none of them were.

[Peckris]

Both the 1958 English and 1959 Scottish are desirable dates, wouldn't mind a UNC 59 Scottish myself.

I've never even seen an UNC '58E, or '59S. Bought many that looked close, but none of them were.

I have an Unc 58E, but sadly it also has that cupro-nickel 'red streaking' you sometimes get. No wear though.

[Peter]

Ebay will give you a fortune on scrap silver much more than x 10 or x 20..its madness...start it off at 0.99 and reap

[Peter]

i'm also selling about 40 1959 scottish shillings over the next few weeks (on ebay) nef to unc

[declanwmagee]

i'm also selling about 40 1959 scottish shillings over the next few weeks (on ebay) nef to unc

ooh lovely - I'll look out for them

[Jim]

Hi Marc3,

I am currenlty lloking for a bag of uncirculated Old English Pennies 1967. I would like to buy them if you are interested in selling them

regards

Jim