U.K. Isaac Newton Gold Proof - good buy or no?

[AlphaBeast]

People pay over the spot for things they really want. That's the whole point.

Not everything in life is about 'losing money' - sometimes people like to pay a little bit more and enjoy whatever they purchased sooner rather than later.

If I really like something, I WILL NOT be asking anybody for their advice because it's personal to me and it seems like the OP really likes this coin but like you say, prices will probably go down, but then how long are they prepared to wait if they want it now.

[fehk2001]

3 minutes ago, AlphaBeast said:

People pay over the spot for things they really want. That's the whole point.

Not everything in life is about 'losing money' - sometimes people like to pay a little bit more and enjoy whatever they purchased sooner rather than later.

If I really like something, I WILL NOT be asking anybody for their advice because it's personal to me and it seems like the OP really likes this coin but like you say, prices will probably go down, but then how long are they prepared to wait if they want it now.

Probably 3-5 years wait any longer I can't wait 

[Ryland]

2 minutes ago, kimchi said:

It's not a case of 'may lose value' - it's guaranteed. I don't know how many experienced people you need to tell you this? The value loss is already there staring you full in the face when you first buy it - the history of such coins is jus about 100% proven. Yes you can buy happy to soak up that loss for the 'pleasure' you will get from it, if you like. Or you can wait six months and buy it for spot (almost half price on this one).

I have a lovely house I am thinking of selling right now. A selling point is the amazing views and the seclusion. If you'd like to waste money how about you pay me double what it's valued at, and if and when you need to sell, OK you have lost 50%,, but at least you've had some lovely views from the windows and no noise from the neighbours for your extra half a million?!!

No wonder coins like these sell for more than the current direct purchase price on ebay with such 'thinking' about!

Where I can agree with you is waiting if you think the price will go down and I suppose that could work but with only 500 if it was hot and you miscalculated you’re taking a chance.  With that said in this case where it’s been out a while you’re probably right.  So if it were to go down 50% in the next year is it people selling at a loss or does the mint sell unsold coins to dealers at a massive discount effectively doublecrossing people who bought from the mint directly?

[motorbikez]

On ‎11‎/‎19‎/‎2017 at 23:00, buckeyecoins said:

I was thinking about picking up one of the 2017 U.K. Isaac Newton gold proofs from the Royal Mint:

http://www.royalmint.com/shop/u/uk17ingp

1. Is this a good price, or does anyone know where I could find it cheaper?

2. Will this hold its value or probably not?

Thanks all!

Things are going off tangent here, price is what it is, the coin will in all probability not hold its value but if you are a collector & like it buy it, who cares if it may be worth less at sometime in the future view it as a small piece of art & if the subject interests you buy it.

If money is an issue buy the silver proof you'll get similar pleasure from looking at that.

[fehk2001]

4 minutes ago, Ryland said:

Where I can agree with you is waiting if you think the price will go down and I suppose that could work but with only 500 if it was hot and you miscalculated you’re taking a chance.  With that said in this case where it’s been out a while you’re probably right.  So if it were to go down 50% in the next year is it people selling at a loss or does the mint sell unsold coins to dealers at a massive discount effectively doublecrossing people who bought from the mint directly?

At least I know one person here has a full set of silver + gold proof from 50 p all the way to two pound , he did wait for years though but he got there 

at close enough to gold spot price 

[kimchi]

24 minutes ago, AlphaBeast said:

People pay over the spot for things they really want. That's the whole point.

Not everything in life is about 'losing money' - sometimes people like to pay a little bit more and enjoy whatever they purchased sooner rather than later.

If I really like something, I WILL NOT be asking anybody for their advice because it's personal to me and it seems like the OP really likes this coin but like you say, prices will probably go down, but then how long are they prepared to wait if they want it now.

Yes of course but the OP has already said they do not want to lose such money. It's not 'a little more' - it's almost twice the value of the gold.

It's irrelevant if you would or would not ask for advice - the OP has, it's the whole point of the thread.

17 minutes ago, Ryland said:

Where I can agree with you is waiting if you think the price will go down and I suppose that could work but with only 500 if it was hot and you miscalculated you’re taking a chance.

It's not hot, it never will be. Have you even bothered to read this thread and follow the links and pointers that experienced folks have given? There is and never will be any missed chance here. It's a lovely coin at a ridiculous premium that you will never earn anything much more than spot back for, and will in all probability not even that (like almost all the RM commemoratives).

Am I the only one sensing a possible wind up here?

 

[Paul]

eBay gives you the real-time current demand for this coin 

https://www.ebay.co.uk/sch/i.html?_from=R40&_trksid=p3692.m570.l1313.TR0.TRC0.H0.X+Isaac+Newton+Gold+Proof.TRS0&_nkw=+Isaac+Newton+Gold+Proof&_sacat=0

link above shows live listing on eBay UK of x7 results price range £865 to £999

...............................................................................................................................................................................

https://www.ebay.co.uk/sch/i.html?_from=R40&_sacat=0&_nkw=Isaac Newton Gold Proof&LH_Complete=1&rt=nc&_trksid=p2045573.m1684

now, on the link above simply by clicking the 'completed items' show the previous sales in the past month from £865 to £1,400

...............................................................................................................................................................................

Not one has sold in the secondary market so far.  Had one 'sold', it would be highlighted green

Will this change in future ? maybe ? nothing is guaranteed

It will always be worth spot.

Currently it is worth roughly between spot and the Royal Mint price of £775

Until you can find someone who want it and securing a deal is what it is actually worth

...............................................................................................................................................................................

eBay is you 'real' guide as to what something is currently worth as this shows what the market is prepared to pay.

But you must ALWAYS remember to take it from the green completed items, these are actual sales.

Simply because something is 'listed' one eBay for £999 doesn't mean it is worth £999

It is only worth £999 when someone puts skin in the game and ponies up the cash for it.

With so many diverse opinions on here from core bullion stackers, numismatic collectors, flippers, future investment speculators,  there is simply no one right or wrong answer.

It is opinions.

 

[Ryland]

6 minutes ago, kimchi said:

Yes of course but the OP has already said they do not want to lose such money. It's not 'a little more' - it's almost twice the value of the gold.

It's irrelevant if you would or would not ask for advice - the OP has, it's the whole point of the thread.

It's not hot, it never will be. Have you even bothered to read this thread and follow the links and pointers that experienced folks have given? There is and never will be any missed chance here. It's a lovely coin at a ridiculous premium that you will never earn anything much more than spot back for, and will in all probability not even that (like almost all the RM commemoratives).

Am I the only one sensing a possible wind up here?

 

I’m not arguing just talking and I find it ironic that you ask me if I’ve read this thread when you obviously didn’t read what I wrote right after your quote!

[kimchi]

4 minutes ago, Ryland said:

I’m not arguing just talking and I find it ironic that you ask me if I’ve read this thread when you obviously didn’t read what I wrote right after your quote!

I read it, sorry I just didn't think it worth replying to, otherwise I would have done so.

I feel I've wasted enough time on this (as have many others, much more experienced collectors than me, only for you to ignore them).

No worries, hope if you choose to buy this coin it does well for you

[Ryland]

4 minutes ago, kimchi said:

I read it, sorry I just didn't think it worth replying to, otherwise I would have done so.

I feel I've wasted enough time on this (as have many others, much more experienced collectors than me, only for you to ignore them).

No worries, hope if you choose to buy this coin it does well for you

This isn’t even my thread!!  You sir are no gentleman.

[fehk2001]

No deal is better than bad deal 

[Murph]

On 21/11/2017 at 08:31, Numistacker said:

 

It is sobering to attend one of the auctions like Lockdales and see these things hammer for half what they were sold at.

Sovereigns and Britannias are a better bet and even then be careful.

 

I've never used Lockdales.  Do they charge a reasonable amount for postage or has everyone here who's used them bought in person?

[PansPurse]

Interesting.

So many of these arguments apply to the 2017 proof Britannia I've been contemplating. I like it, but the fact RM still has stock a year later probably tells me to hold off and get it second hand later

[sovereignsteve]

2 hours ago, Murph said:

I've never used Lockdales.  Do they charge a reasonable amount for postage or has everyone here who's used them bought in person?

Most auction houses other than the big coin specialists won't do in-house packaging and shipping. You need to use a courier or one of the specialist P&P services who are very expensive. However, if memory serves, Lockdales handle their own, or they did last time I bought from them, and were pretty reasonable. It would pay to contact them to check their current situation.