Gold coins Harrington and Byrne. help!

dunstonh

There is a whole industry where commemorative tat items, coins,  so-called collectables etc are retailed by companies but are not anywhere near the value they are sold for.  Often advertised in the supplements of newspapers or afternoon tv adverts making them appear a lot grander or valuable than they are.     The vast majority will never recover a fraction of the price paid.

Grenage

But they melt down any unsold coins by xx/xx/xx, meaning you "could own an even rarer coin!"

richtips86

Alexland said:

ceewash said:

Wow that gives me some hope. I need the paperwork!!!

Don't get too excited - ColdIron said 'offered' not worth,

https://www.thisismoney.co.uk/money/saving/article-6636211/Royal-mint-rip-New-gold-Sovereigns-cost-twice-worth.html

"Although this can excite coin collectors – numismatists – it is unlikely to add any value for investors who just see it as bullion."

And in most instances, modern proof struck bullion coins don’t add much value either to numismatist and is just a mechanism for the primary sellers to ask more.

There’s a big difference between “coin collectors” - (granny and grandad buying a coin as an investment for their grandkids) and numismatists- people willing to pay £xxxx for a specific Gouby variety for instance 

Alexland

richtips86 said:

There’s a big difference between “coin collectors” - (granny and grandad buying a coin as an investment for their grandkids) and numismatists- people willing to pay £xxxx for a specific Gouby variety for instance 

This thread caused me to lookup the selling prices of the Royal Mint lunar year silver coins we bought for our children's christenings and was pleased to see they have gone up from an average of around £20 each to around £30 each

JamoLew

Things like that are worth as much as someone is willing to pay for them.

Sometimes you win, sometimes you don't - they generally don't make very good short/medium term investments as they are mostly sold as collectibles and in the 10,000s

A 2021 Silver Britannia today - best price I can find is ~ £24 where as silver is £17.90 an ounce

However Long term you can be quids in -- i have several $1 coins that are "worth" in excess of £1,000 each -- BUT, they were never classed as a collectible in their day and are therefore quite rare and hard to come by

ceewash

Guess I'll hang onto it then. My dad won't see any profit as he seems to have paid double the value. 

JamoLew

Keep hold of it - pass it down through the family, who knows - one day in the distant future it might be worth cashing in

richtips86

Alexland said:

richtips86 said:

There’s a big difference between “coin collectors” - (granny and grandad buying a coin as an investment for their grandkids) and numismatists- people willing to pay £xxxx for a specific Gouby variety for instance 

This thread caused me to lookup the selling prices of the Royal Mint lunar year silver coins we bought for our children's christenings and was pleased to see they have gone up from an average of around £20 each to around £30 each

They’re possibly a little exceptional though due to high demand from Chinese markets; indeed, a lot of mints in recent years have cashed in on this.

richtips86

JamoLew said:

Things like that are worth as much as someone is willing to pay for them.

Sometimes you win, sometimes you don't - they generally don't make very good short/medium term investments as they are mostly sold as collectibles and in the 10,000s

A 2021 Silver Britannia today - best price I can find is ~ £24 where as silver is £17.90 an ounce

However Long term you can be quids in -- i have several $1 coins that are "worth" in excess of £1,000 each -- BUT, they were never classed as a collectible in their day and are therefore quite rare and hard to come by

Agreed, my area of interest is predominantly halfcrowns and hammered pennies, but have made decent sums through watching mintage figures for current releases and then waiting for the article in the Mail to spur a buying frenzy for these allegedly rare coins.

There’s definitely a bubble in modern coinage though that will leave a lot of people with a lot less money than they think in the future!

ceewash

How do these apparently reputable companies get away with the inflated prices? You wouldn't think it was good for their credibility, or am I just being naive. I don't really know anything about this world.