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BackyardBullion

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  • Posts

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  • Trading Feedback

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  • Country

    United Kingdom

Reputation Activity

  1. Like
    BackyardBullion got a reaction from Muncle in Investigation into Historic Coin Pricing by The Royal Mint   
    Well, I had the call. 
    I will be sharing much more in due course. To quickly summarise for those following. 
    Some good things and some good feedback to share.
    But, also a little bit of "everthing is fine" in some areas. 
    I don't quite know what/how to think about everthing right now, I am still digesting it all. 
  2. Like
    BackyardBullion got a reaction from Jeffers46 in Investigation into Historic Coin Pricing by The Royal Mint   
    Well, I had the call. 
    I will be sharing much more in due course. To quickly summarise for those following. 
    Some good things and some good feedback to share.
    But, also a little bit of "everthing is fine" in some areas. 
    I don't quite know what/how to think about everthing right now, I am still digesting it all. 
  3. Super Like
    BackyardBullion got a reaction from Agaupl in Investigation into Historic Coin Pricing by The Royal Mint   
    Well, I had the call. 
    I will be sharing much more in due course. To quickly summarise for those following. 
    Some good things and some good feedback to share.
    But, also a little bit of "everthing is fine" in some areas. 
    I don't quite know what/how to think about everthing right now, I am still digesting it all. 
  4. Super Thanks
    BackyardBullion got a reaction from Darr3nG in Investigation into Historic Coin Pricing by The Royal Mint   
    Well, I had the call. 
    I will be sharing much more in due course. To quickly summarise for those following. 
    Some good things and some good feedback to share.
    But, also a little bit of "everthing is fine" in some areas. 
    I don't quite know what/how to think about everthing right now, I am still digesting it all. 
  5. Like
    BackyardBullion got a reaction from ak74 in British Monarchs Series - They Couldn’t, Could They?   
    Reached out to my account manager again, still no news or commitment either way as to when/if things will come out. 
    Just to clarify the above - my AM replied saying they don't know rather than no anser at all. 
  6. Super Like
    BackyardBullion got a reaction from ChrisSilver in The Silver Forum Rounds   
    Just to add, ownership of these 2023 versions will give first right of refusal for matching serial numbers for 2024 editions later this year.
  7. Super LOVE
    BackyardBullion got a reaction from ryanwinter73 in The Silver Forum Rounds   
    Just to add, ownership of these 2023 versions will give first right of refusal for matching serial numbers for 2024 editions later this year.
  8. Super LOVE
    BackyardBullion got a reaction from AndrewSL76 in The Silver Forum Rounds   
    Just to add, ownership of these 2023 versions will give first right of refusal for matching serial numbers for 2024 editions later this year.
  9. Like
    BackyardBullion got a reaction from Wileyfox in Gold 1oz Krugerrands, deep discount to spot   
    £37k+ worth of gold sold within 4 hours
    BOOM
     
  10. Like
    BackyardBullion got a reaction from stackerp5 in Investigation into Historic Coin Pricing by The Royal Mint   
    Quick update on my little investigation.
    Had no tangible feedback from The Royal Mint yet on their pricing of this product in particular: 
    https://www.royalmint.com/shop/monarch/queen-victoria/victoria-young-head-crown/
    £270

    I sent the images of this coin off to Sovereign Rarities (Who are recommended on RM's website for historic coin valuations, also RM owns 23.4% stake in Sovereign Rarities).
    Anyway, I got a very prompt reply from Sovereign Rarities who put a value of £25 on this coin.
    SHOCKING
    So, I decided to place an order on RM website for this listing to see what I got. 
    Unfortunatley I did not get this dog of a coin. Instead I got a middle of the road version with at least the crown side visible. 
    This is the coin I received


    Not terrible, but not great either. 
    I think we can all agree this is not a £270 version of this coin.
    I understand that there is a premium for the display and the fact you are buying from an authenticated source and that is worth something. But when you see comprable coins in similar condition selling for £50 and £64 respectively you have to ask where is the value of the additional £200+ coming from.

    Needless to say I have initiated a free return to The Royal Mint for my £270 coin with a note to say that the value of the coin is far less than expected considering its condition. 
    Its a shame I didn't get the complete dog of a coin though, that would have been fun.
    What I would say is that at very least the RM has no clue what it is doing. Why would you have a picture of a coin like that as the listing image if you have better versions of the coins in stock?
    There is only one answer. 
    Show the worst image you have then nobody can moan when it arrives, you bought what you see. 
     
  11. Like
    BackyardBullion got a reaction from timsk in Investigation into Historic Coin Pricing by The Royal Mint   
    For a while now you may have seen I have been making comentaries on the seemingly extortionate prices of some of the Royal Mint's Historic Coin pricing. 
    Today we see another example of outrageous prices with the Pistrucci 3 coin set. 
    The Royal Mint have  valued two silver crowns (1819 and 1821) at a combined value of £600+ 
    I am in the process of an investigation and deep dive into this and have reached out the the Royal Mint press office for comments (they have not been great in their replies so far). 
    Lots to share in due course and it should be quite telling for the mint when published. 
    What I would like from this thread is any community sentiments on this practice by The Royal Mint. 
    They need to understand its not just one crazy guy with a YouTube channel that has a problem here. There are deeper issues at play which I feel very strongly about including but not limited to The Royal Mint profiteering from the unsuspecting public that don't know better and who take the valuations from the mint at face value. 
    If you have an opinion on this and you would like it to be shared please post here. 
    If you would rather remain anonymous please feel free to PM me and sentiments can be shared that way. 
    The Royal Mint is in my opinion taking a direction that will ultimately do serious damage to their brand and reputation. My goal is change, but I will settle for consumer awareness for the wider population. If I can save just one person from buying a coin 10x the true value that is my job done. 
    Any thoughts/comments and opinions are most welcome.
    Remember, this is a public forum and thread and comments may be publiushed on YouTube.
  12. Like
    BackyardBullion got a reaction from Muncle in Investigation into Historic Coin Pricing by The Royal Mint   
    @Silverman2U @cjbcomm
    I think it is important to draw a distiction between proofs and historic coins which is what this thread is primarily about. 
    Proof coins are expensive, would I like to see them cheaper, sure why not. 
    Can you buy them on the second hand market cheaper, yeah sometimes. 
    Historic coins however - these have a different feel to them on The Royal Mint's website. It feels like they have sourced them cheap and then slapped a massive price on to simply profiteer from people that don't know better. 
    That's part of why I am inititiating this "investigation" and getting some feedback from the mint. 
    I don't begrudge any company trying to make a profit. Taking a historic coin, checking it, authenticating it and then presenting it in a information sleave/box - sure thats fine and you can charge a premium for this for customers peace of mind. There is a market for this kind of product. 
    What I have a problem with is that The Royal Mint will use their reputation and branding to make people think a coin is valued at a certain level just because they say so.
    Flagship of the world silver, 6x bulloin (poor condition if you see the photos) for £82.50 per oz is just a blatent rip off. £270 for a completely worn victoria young head crown...total rip off. 
    Price those at £40 per oz and £120 per crown then I would have no problem. They are still expensive but they are not extotinate.
     
  13. Super Like
    BackyardBullion got a reaction from Agaupl in British Monarchs Series - They Couldn’t, Could They?   
    I will champion this so long and hard on my YouTube channel if they cancel this series.
    I will be demanding refunds on all my pieces already purchased and anything less than a full refund or recommencement of the series will be unacceptable.
  14. Super LOVE
    BackyardBullion reacted to cjbcomm in Investigation into Historic Coin Pricing by The Royal Mint   
    No problem.
    Happy for you to use as part of your evidence to them
  15. Like
    BackyardBullion got a reaction from Tn21 in Gold 1oz Krugerrands, deep discount to spot   
    £37k+ worth of gold sold within 4 hours
    BOOM
     
  16. Like
    BackyardBullion got a reaction from timsk in British Monarchs Series - They Couldn’t, Could They?   
    I will champion this so long and hard on my YouTube channel if they cancel this series.
    I will be demanding refunds on all my pieces already purchased and anything less than a full refund or recommencement of the series will be unacceptable.
  17. Like
    BackyardBullion got a reaction from Falcon1985 in Gold 1oz Krugerrands, deep discount to spot   
    £37k+ worth of gold sold within 4 hours
    BOOM
     
  18. Like
    BackyardBullion got a reaction from Auronum in Gold 1oz Krugerrands, deep discount to spot   
    £37k+ worth of gold sold within 4 hours
    BOOM
     
  19. Haha
    BackyardBullion got a reaction from 9x883 in Gold 1oz Krugerrands, deep discount to spot   
    £37k+ worth of gold sold within 4 hours
    BOOM
     
  20. Like
    BackyardBullion got a reaction from HB1 in Gold 1oz Krugerrands, deep discount to spot   
    £37k+ worth of gold sold within 4 hours
    BOOM
     
  21. Haha
    BackyardBullion got a reaction from James32 in Gold 1oz Krugerrands, deep discount to spot   
    £37k+ worth of gold sold within 4 hours
    BOOM
     
  22. Super LOVE
    BackyardBullion reacted to Auronum in Gold 1oz Krugerrands, deep discount to spot   
    All sold now, thank you all
  23. Like
    BackyardBullion got a reaction from blackadder in British Monarchs Series - They Couldn’t, Could They?   
    Reached out to my account manager again, still no news or commitment either way as to when/if things will come out. 
    Just to clarify the above - my AM replied saying they don't know rather than no anser at all. 
  24. Like
    BackyardBullion got a reaction from Shinus73 in British Monarchs Series - They Couldn’t, Could They?   
    Reached out to my account manager again, still no news or commitment either way as to when/if things will come out. 
    Just to clarify the above - my AM replied saying they don't know rather than no anser at all. 
  25. Super LOVE
    BackyardBullion reacted to Auronum in Gold 1oz Krugerrands, deep discount to spot   
    Six sold, another six on hold
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