London mint coins

Katewalton23

Roman coins, king george sovereign,Charles 1 crown, henry v111 coin, various old coins of different kings.. Lots more

lincroft1710

Looking at very recent auction results Charles 1 crowns have been achieving prices from a few hundred to over £2,500. I really think you should check each historic coin very carefully with this site

http://www.londoncoins.co.uk/

Also London Mint items come in presentation cases which will add to the purchase price as will post and packing and any "free" certificates of authenticity (the cost of producing these will be added into the purchase price). Factor in also their mark-up and a coin bought by LM at auction, say, for £100 could easily be £200 plus by the time it reaches their customer. There is nothing unfair or unreasonable in LM wanting to make an honest profit out of a transaction.

The only way to find out what the coins are worth is to put them into auction (preferably specialist auction house rather than eBay), you will then see how much a collector is willing to pay.

Katewalton23

Thank you that's really constructive, i appreciate they want to make a profit/mark up.
£8k as opposed to £600 is a jaw dropper.
They still haven't replied to me , why such a difference.
I Shall check out that website, and like you say if they were to be sold individually with a reserve price perhaps, then there might be a happier end to this story.
As I say my uncle has always told my son since he was about 5 that he was buying coins as an investment for his future. Naive now we realise. I have t got the heart to tell my son, so that's why I'm investigating if and what I can do.

DCFC79

Katewalton23 wrote: »

Thank you, he was told all these things.. They aren't commemorative coins he has bought, they are historic ones.
We are looking into it.. Thank you

Got any proof of what he was told ?

DCFC79

Katewalton23 wrote: »

As I say my uncle has always told my son since he was about 5 that he was buying coins as an investment for his future. Naive now we realise. I have t got the heart to tell my son, so that's why I'm investigating if and what I can do.

Why not tell your son, hes only 5, hes not going to be that upset surely ?

Do keep the thread up to date.

[Deleted User]

DCFC79 wrote: »

Why not tell your son, hes only 5,

No. He's been told ever since he was 5 that the coins were an investment for his future... He's no longer only 5.

(Don't worry, I misunderstood an earlier post on this thread too )

Katewalton23 wrote: »

He told my son (9 years old)

cookie365

The coins clearly were worth £8000, because somebody was prepared to pay that amount for them.

Silvertabby

Roman coins, king george sovereign,Charles 1 crown, henry v111 coin, various old coins of different kings.. Lots more

Kate - are you sure that all of these coins are genuine, and not just collectors copies?

Hmmm - just had a look at the London Mint website and they are selling an original coin -
Original Roman Tetradracm silver coin - £225.

Found on Australian E-Bay:
Original Roman Tetradracm silver coin - 45 Australian Dollars.
That's about £30.

The £600 you were offered may just be the scrap metal value.

force_ten

Katewalton23 wrote: »

Thank you, he was told all these things.. They aren't commemorative coins he has bought, they are historic ones.
We are looking into it.. Thank you

the historic coins that they sell are no better than the commemorative ones, they are hyped up as being rare and collectable but in reality you are probably paying four or five times what they are actually worth

if any of the coins are gold or silver then they will worth their weight in gold or silver and if they are somthing special then they may be worth a bit more

i dont think you will get any joy complaining to the london mint

forgotmyname

FIL also collected the Mint coins and always said they were worth a lot of money, I would just bit my lip and nod.

He was looking at one to purchase whilst we were there and it was around £400, a quick google showed them selling for less than £80 on ebay.

Most of the ones that say Gold or Silver are usually only partially that metal, inner or outer ring or plated etc not a solid gold coin.

I would like a nice case to display them with his medals also. Needs to be a glass case but fairly compact.