2017 UK Bicentenary Piedfort Sovereign

[Roy]

Selling your stack is easy. Before you stack you create an exit strategy. If you chose the wrong metal, I'm sorry about that 

No tax owed here! VAT....CGT....

 

[Shinie]

On 11/08/2017 at 12:15, Silverstackeruk said:

Got my 3 replacement sovereigns today..these are even worse then the first three..you can see the damage with the naked eye..that's it's with these ..6 out of 6 damaged..all three had damage to the F.

 

 

 

Thanks I knew where to look !

Same story here, returned one for a replacement it arrives this week with same marking on the "F" and also slight scratch beside "2017", was promised a brand new minted coin but who knows?. It's going straight back have not decided to try again or just get a refund to spend elsewhere. 

As others mention packaging was greatly improved on request but still disappointed yet again courtesy of The Royal Mint and ending up out pocket at the end of the day considering shipping, visa charges, currency rates\charges etc. 

So another trip to post office for me!.

[Silverstackeruk]

You probably got my return..they keep sending them out hoping someone doesn't notice..

[*tada*]

The mystery of the additional 250 mintage:

 

 

[sovereignsteve]

9 hours ago, *tada* said:

The mystery of the additional 250 mintage:

 

2 hours ago, shortstack68 said:

That only means one of the first 250 submitted

so did the RM strike an extra 250 and sell them as the "first 250 struck"?

[*tada*]

That only means one of the first 250 submitted

 

Certainly a fancy label, but this is the first 250 produced and then submitted of course. The Royal mint had an ongoing business deal on several significant releases (like queen's beasts and anniversary sovereigns)

[*tada*]

so did the RM strike an extra 250 and sell them as the "first 250 struck"?

 

The RM stuck 3750 in total (hence the stated/max mintage is 3750 vs 3500 shown in online offering), and submitted the first 250 for special release via distributor. They have been releasing a lot more coins with this process now.

 

Of course we now have more labels than ever :s

 

PCGS First Strike / NGC First Release / NGC Early Release = coins submitted within 30 days of release

 

NGC One of First * Struck = actually what it states. NGC have been working with many world mints to get such releases

 

PCGS doesn't have one of * struck labels yet, but they have special limited edition printed labels (like gold foil) and call it one of xx

 

[westminstrel]

According to my understanding, the dies are anyway polished etc. after every few coins are struck, at least in the case of Proof coins. So does it really matter if you get one of the first 250 versus one of the last 250?

Rhetorical question

[*tada*]

According to my understanding, the dies are anyway polished etc. after every few coins are struck, at least in the case of Proof coins. So does it really matter if you get one of the first 250 versus one of the last 250?

Rhetorical question[emoji4]

 

Hush hush, you may have accidentally helped the grading companies to create a label called "one of the first dies ever used". Imagine the cost of obtaining such rarities!

[sovereignsteve]

I would have thought "first coin struck from die" would be a goer.

[HyHy]

Well mine is coin number #165 should I have requested for the one of first 250 struck designation? [emoji23][emoji23][emoji23]

[SovTracker]

Interesting! If you have a low certificate number does that mean it was minted in that order - I doubt it.
I think that's down to the packing department in what order they box them up in! I have certificate number on my 2017 Proof Sov of 9027 but I'm sure it was the first off the press - honest guv!

[sovereignsteve]

1 hour ago, SovTracker said:

Interesting! If you have a low certificate number does that mean it was minted in that order - I doubt it.
I think that's down to the packing department in what order they box them up in! I have certificate number on my 2017 Proof Sov of 9027 but I'm sure it was the first off the press - honest guv!

It was, definitely, I was there and saw it happen

[HyHy]

Interesting! If you have a low certificate number does that mean it was minted in that order - I doubt it.
I think that's down to the packing department in what order they box them up in! I have certificate number on my 2017 Proof Sov of 9027 but I'm sure it was the first off the press - honest guv!

Well I really can’t be bothered about the “one of the first 250 struck” designation actually... as long as it is a PF70 grade. To answer your question I do have the “one of first 250 struck” designation for my silver proof unicorn and apparently NGC just judge it based on the CoA...

[whitesands1]

On ‎8‎/‎16‎/‎2017 at 11:01, Oldun said:

I would send them back and keep going. Send ever demanding emails and start to suggest you will contact their superiors at The Mint if this poor service continues. There is a list of hierarchy on the Mint website. Keep going. Make them concede, not you, otherwise nothing will ever change. Persistent determination. Or, get a refund on two and keep going with one but dont give in.

I gave in!

[Oldun]

I dunno. Youngsters these days. No gumption

[whitesands1]

On ‎8‎/‎23‎/‎2017 at 22:01, Oldun said:

I dunno. Youngsters these days. No gumption

..... and no coins!  I did end up with the £5.00 after all the fuss I made about the SotD too!  The most expensive one and the only one not to sell out at the Royal Mint!

 

[HyHy]

Another progress check on how well the coin is doing now, MCM just sold one PF70 unit for $1595 so seems like the price has been stabilise around that price range

   

[*tada*]

On 02/09/2017 at 04:18, HyHy said:

Another progress check on how well the coin is doing now, MCM just sold one PF70 unit for $1595 so seems like the price has been stabilise around that price range

   

 

They have these (stuck) in stock for a loooong time - I think the Piedfort sovereign is not well marketed in US. I recently sold one on the bay for $1600, but that's a First Release label.

[kimchi]

9 minutes ago, *tada* said:

 

They have these (stuck) in stock for a loooong time - I think the Piedfort sovereign is not well marketed in US. I recently sold one on the bay for $1600, but that's a First Release label.

Perhaps it'll take time for the US to catch up on the Piedfort (?)

I continue to be mystified by any sort of premium on 'first release' or 'one of first 250 struck' labels, especially reading through this thread!

[*tada*]

1 minute ago, kimchi said:

Perhaps it'll take time for the US to catch up on the Piedfort (?)

I continue to be mystified by any sort of premium on 'first release' or 'one of first 250 struck' labels, especially reading through this thread!

There is a demand for FR/FS labels in the States. I think one reason is US mint produces large relative mintage in their offerings and FR/FS is perhaps the only way to make the label rarer. I doubt the piedfort will catch up though, not much discussion/interest here and lots of education needs to be done

[kimchi]

2 minutes ago, *tada* said:

There is a demand for FR/FS labels in the States. I think one reason is US mint produces large relative mintage in their offerings and FR/FS is perhaps the only way to make the label rarer. I doubt the piedfort will catch up though, not much discussion/interest here and lots of education needs to be done

A great point about the labels for the US market - thanks!

It'll be interesting with the Piedfort I think. From when I joined here a year and a half ago or so till now the Sovereign interest in the US seems to have exploded (?). I would have thought it's only a matter of time before the Piedfort catches on, but your post shows that local knowledge is key

[*tada*]

24 minutes ago, kimchi said:

A great point about the labels for the US market - thanks!

It'll be interesting with the Piedfort I think. From when I joined here a year and a half ago or so till now the Sovereign interest in the US seems to have exploded (?). I would have thought it's only a matter of time before the Piedfort catches on, but your post shows that local knowledge is key

Most us collectors are not familiar with the term Piedfort, but yes sovereigns are getting popular, so do the libertads and intl' coin issues. You have to thank the US mint and the Citizens Coinage Advisory Committee for generating so much modern cra*p. Comparing to them, the Royal mint has much better taste (because of talent like JC) and is doing a much better job marketing stuff domestically.

[kimchi]

2 minutes ago, *tada* said:

Most us collectors are not familiar with the term Piedfort, but yes sovereigns are getting popular, so do the libertads and intl' coin issues. You have to thank the US mint and their tasteless Citizens Coinage Advisory Committee for generating so much modern cra*p. Comparing to them, the Royal mint is doing a much better job.

Blimey it's shocking to hear the US Mint is so much worse than the Royal Mint

I suppose as I'm a fairly new collector I'm oblivious to some of the markets I've not explored yet so this is very, very interesting thanks. Glad to hear the Libertads are doing well Though the collector side of me almost wishes I didn't have some key series proof coins there, as I don't really want the price to go up to the point where I simply have to sell - I love those coins very dearly, and it would be a sad day for me to sell one of a five coin set off.

[JunkBond]

8 minutes ago, kimchi said:

I don't really want the price to go up to the point where I simply have to sell

Do you have set figures in mind for certain coins at which point the scales are tipped?