Bhoy Posted April 11, 2011 Posted April 11, 2011 Hi,Fairly new to this game but looking for a little advice...I have been offered the oppertunity to purchase an Oversizes Crown in regards to the "Royal Wedding" from the London Mint Office.The stats are:Mintage limited to 999Individually NumberedObverse: Portrait HM Queen Elizabeth IIReverse: Coinjoined portrait HRH Prince William and Catherine MiddletonApproved by Buckingham PalaceWeight os 5 ouncesDiameter over 65mmQuality - Proof Finish - Layerd with pure 24 carat GoldBasically, first look into this I admit it did sound tempting until the word 'layerd' cropped up... Some people have advised that the oppertunity for this as an investment are quite good, whilst others advise the coin will be unlikely to further any future growth..I have only recently started purchasing American Silver Eagles and Canadian Maple Coins as away of investment for future but not yet touched upon gold as such but I am aware that 1oz of pure gold costs a bit more than this coin itself...So to yourselfs, and your knowldge and experience, what do you think?Thank you. Quote
azda Posted April 11, 2011 Posted April 11, 2011 From what i'm reading, layered is only gold leaf and not 5 troy ounce of gold, basically what you'd be buying is bullion value of silver at probably an over inflated price if its coming from the mint or westminster coins. Quote
Bhoy Posted April 11, 2011 Author Posted April 11, 2011 From what i'm reading, layered is only gold leaf and not 5 troy ounce of gold, basically what you'd be buying is bullion value of silver at probably an over inflated price if its coming from the mint or westminster coins.Yeah it was the layerd aspect that kinda threw me off to be fair.. yeh its 5oz but no troy oz Quote
Rob Posted April 12, 2011 Posted April 12, 2011 I would suggest you leave products from the London Mint alone. They are nothing to do with the Royal Mint and typically offer overpriced trinkets aimed at the non-numismatic market and whose likely resale value would be a fraction of the amount paid if purchased directly from elsewhere. Questions regarding these types of items from both London Mint and Westminster Coins frequently crop up on this forum and the answer is the same now as it has always been in the past. If you want to buy gold or silver, keep it simple and get physical quantities of the raw material, not something dressed up as something else. Quote
argentumandcoins Posted April 12, 2011 Posted April 12, 2011 I was fairly recently out at a house to view a collection for sale.It had been left to a couple by an old gentleman.2 of the lots were London Mint office collections.The first was a load of coloured and enamelled pre-decimal coinage, typically costing him £14.99 to £19.99 each.The second was a cased set of 1953 currency coinsage and a 1971 proof set. All of the coins had been encapsulated and fitted in a specially made case at a cost of £229 (actual coin costs from a dealer would have been £15 to £20)I did not make an offer on either lot as they are totally unsaleable.I think that answers any questions regarding London Mint "investment items"Just as an aside, the William and Kate/Catherine coins are the most hideous designs ever to appear on a UK coin! Quote
TomGoodheart Posted April 12, 2011 Posted April 12, 2011 (edited) I agree with the others. Basically what's on offer is a 5oz lump of silver that has been gold plated. The fact that it's been made to look like a pretty coin or has gold on it is largely irrelevant to any coin collector. It's worth the melt value of the silver.Of course, there are collectors for such commemorative items, just as there are for plates with kittens or Wade whimseys. But the future value of such items are down to the whims of fashion I'm afraid and an 'investment' is not how I would think of them.As for the Eagles and Maples they are well and good. They are bullion coins (like Britannias) and will always sell as such. But silver price is at a high at the moment, so whether that's a good stategy is unclear. In the long term precious metal has been as good as any other investment providing you buy and sell at the right times!And ..er, .. just an idea .. if you like coins then they (regular currency issues in good condition) can prove an interesting hobby and (long term) can increase in value too? Edited April 12, 2011 by TomGoodheart Quote
azda Posted April 12, 2011 Posted April 12, 2011 I'm really curious what price they're asking for it, any guesses people before he tells us? I'll go for 350 quid Quote
argentumandcoins Posted April 12, 2011 Posted April 12, 2011 I'm really curious what price they're asking for it, any guesses people before he tells us? I'll go for 350 quidThe metal content isn't given in the description , just a weight of 5 ounces.Assuming they are troy ounces and it is 0.999 pure the current silver content is £125.10.Of course to assume anything with that lot is a risky business as it could well be Cu-Ni or Virenium, Linoleum, bitumen etc etc etcI would therefore agree with your £350 ish price, although considering it is so special and so limited it may well be £550. Quote
VickySilver Posted April 12, 2011 Posted April 12, 2011 From "Forrest Gump" (the movie): RUN FORREST, RUN!!!Arrgggghhhh, what a load of cra-.... Quote
Bhoy Posted April 12, 2011 Author Posted April 12, 2011 lol, with those valuations I would be happy lol.... hence the reason for the post lol...anyways, cost to me the now anyways, £200 now...Yeah I agree with what most have said and yeah silver just now with the quite high prices may not always be the best at the moment, however, managed to get some in at a little lower rates before so not all bad... long term anyway and just a top up on top of some shares I bought a few years ago as well.... anyways, thanks for the replies. Quote
declanwmagee Posted April 12, 2011 Posted April 12, 2011 any offers? highly collectable investment... Quote
argentumandcoins Posted April 12, 2011 Posted April 12, 2011 any offers? highly collectable investment...I'd rather pay a fiver for that than the bloody awful £5 coin thing, a damn sight more useful too! Quote
Peckris Posted April 12, 2011 Posted April 12, 2011 I would suggest you leave products from the London Mint alone. They are nothing to do with the Royal Mint and typically offer overpriced trinkets aimed at the non-numismatic market and whose likely resale value would be a fraction of the amount paid if purchased directly from elsewhere. Questions regarding these types of items from both London Mint and Westminster Coins frequently crop up on this forum and the answer is the same now as it has always been in the past. If you want to buy gold or silver, keep it simple and get physical quantities of the raw material, not something dressed up as something else.But they do exactly what the Royal Mint does by the sound of it any offers? highly collectable investment...I'll have a gross of those please Declan! Quote
Red Riley Posted April 13, 2011 Posted April 13, 2011 I would suggest you leave products from the London Mint alone. They are nothing to do with the Royal Mint and typically offer overpriced trinkets aimed at the non-numismatic market and whose likely resale value would be a fraction of the amount paid if purchased directly from elsewhere. Questions regarding these types of items from both London Mint and Westminster Coins frequently crop up on this forum and the answer is the same now as it has always been in the past. If you want to buy gold or silver, keep it simple and get physical quantities of the raw material, not something dressed up as something else.But they do exactly what the Royal Mint does by the sound of it any offers? highly collectable investment...I'll have a gross of those please Declan!Brilliant, I want one!No make that a dozen and I'll slyly slip them into the village shop's stock of the Daily Mail... Quote
Peter Posted April 13, 2011 Posted April 13, 2011 DeclanDidn't those bags come free with "nubile and goat fancier monthly" ? Quote
Uncle Phil Posted April 13, 2011 Posted April 13, 2011 I'll have a gross of those please Declan!Go for itI did Quote
Peckris Posted April 13, 2011 Posted April 13, 2011 I'll have a gross of those please Declan!Go for itI did Excellent! If Lydia makes her fortune from those, then the Republic can't be far orf Quote
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