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richatthecroft

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Everything posted by richatthecroft

  1. ***Only my thoughts, not investment advice*** I'll try and keep this brief, but also try and put perspective to the question you ask by taking a deep dive into the 2017 Pistrucci 200 year Anniversary Proof Sovereign performance since release, and also comparing the premiums above spot on release day of the three 'Special' Sovereign releases subsequent to the 2017. I think what's interesting and significant about the 2017 release in comparison to the two 2022 releases- The Platinum Jubilee and The Memorial as well as the 2023 Coronation issue was that the premiums the Royal Mint charged have remained fairly static, in fact, they 'slipped up' somewhat with the Platinum Jubilee release! they could have charged more to keep up their consistent premium markup! I'm pretty sure that investing in a 2017 Sovereign was a much more difficult ask, as compared to the 2022 Platinum Jubilee issue. I would say buyer fatigue (two Sovereign issues in 2022 followed quickly by the 2023 Coronation Issue) alongside a) the Royal Mint Price hikes & b) the market sentiment (cost of living hikes, interest rate hikes etc.etc) have affected current prices of the Memorial/ Coronation Sovereign. Below exemplifies/compares the premiums over Gold Price of the 'special' Sovereigns: The 2017 Elizabeth II Pistrucci 200th Anniversary Sovereign issue cost on release was: £480 (Gold Price was around the £1040/ oz), making 96% premium over Gold Price The 2022 Elizabeth II Platinum Jubilee Sovereign issue cost on release was: £595 (Gold price was £1384/oz), only an 80% premium over Gold Price The 2022 Charles III, Elizabeth II Memorial Sovereign issue cost on release was: £695 (Gold Price was £1497/oz), Making 97% premium over Gold Price. The 2023 Charles III Coronation Sovereign cost on release was: £725 (Gold Price was £1496), making a 106% premium over Gold Price. So, if we look at the performance of the 2017 Pistrucci Sovereign in more detail: I stand corrected, but the issue prices for the 2017 Pistrucci Sovereign were as follows (to the best of my knowledge), but remember, Spot Price was only £1040/oz and released late October 2016: Quarter: £150 Half: £250 Sovereign: £480 Piedfort: £800 SOTD: £500 5 Sovereign Bu: £1785 3 Coin Set- (Sov to Quarter): £750 Premium 3 Coin Set- (2 Sov- Half): £1450 5 Coin set: £3295- (5 Sov- Quarter) £3295 There were no 4 coin (2 Sov to Quarter) Sets issued. https://agaunews.com/2017-sovereign-recreates-200yr-old-pistrucci-original/ My observations of the market since the 2017 release are as follows Following initial inertia on release of around a 15% price increase, there was a 'drop' in prices in late 2017- which saw the coins reset back to around release price for the Individual issues: the Quarter were offered at around £150 and the Half's £250- £275 and the Sovereign £500- £525 sold as raw coins. It then slowly increased at the turn of 2018, over and above release price by a minimum of 10% and more prevalent at 20% over the release price raw, but then we saw the initial steady rise from spring 2020 and then the meteoric rise from the turn of 2021. The Sovereign now around £850 raw (£1050 top grade) The Piedfort (I believe the 2017 was the first Piedfort issue) was not too well received and the prices were dormant over release price until spring 2020- 2021 have seen these rapidly rise in price to around £1200 (£1500 graded today). I do know that I bought a 5 Pound 2017 Bu in March 2020 for £10 less than release price! and in keeping with the above, prices have risen sharply since to over £3k top grade. The 2017 3 coin raw (Sov through to Quarter) set was available on the secondary market between £800 and £900 up until spring 2020 however, the Premium 3 coin (2 Sovereign to Half 1400 mintage) set and particularly the 5 Coin set, 950 mintage have always kept huge premiums and then came the steady re-rate for these sets from 2020 onwards- and todays prices, as we know are extremely high the 5 coin set in top grade around £10k when available. To conclude, I don't think the enthusiasm for the Sovereign, particularly 'Special' Sovereigns will disappear, it will always be loved and some releases will always be more prized and cherished over another. You asked will the Memorial/ Coronation Sovereign gain value in years to come above other Proof Sovereigns? Well, nothing is set in stone, but the special releases all appear to be doing well, like @Orpster suspects, I also think that over time, they will appreciate somewhat, of course mintage and desirability will effect by how much they might increase- but there's never going to be a better time to buy them as @Chrisplym @Clockpuncher & @tpcob303point out. Personally, I think the Platinum Jubilee will be the biggest winner in the mid term and perform well in the longer- likely a similar trajectory as the 2017 Pistrucci. I'm not certain about the Memorial short to mid term but long term, its a winner, its a fantastic design. However, I think the biggest winner long term will be the Coronation Sovereign- particularly the higher denominations- over its 200 year history Coronation Sovereigns always do extremely well.
  2. Whitman Encyclopedia of Mexican Money Volume II: Modern Coins of Mexico, 1905 to Date by Don Bailey (June 23,2015) Extremely difficult to source in the UK, and offered with postage included at £45 With 457 pages packed with information including mintages and a (2015) price guide- it’s a wonderful resource for anyone interested in collecting the coins of Mexico. Written by the late Don Bailey PhD, who was at the forefront in research of Mexican money. This volume is an outstanding guide to the last century of Mexican coins, being split into sections on the 1905-1992 regular issues, the post 1992 issues, and the commemoratives including the Libertad. Straightforward layout featuring full colour, life size illustrations of each coin and year-by-year evaluations. There are also frequent side bars with information on the designs, such as biographies of portrayed persons or an overview of the Sun Calendar design. For anyone interested in Mexican coins, this volume is pretty much a perfect encapsulation.
  3. As per title, a guide to French Coins- over 500 pages in English & French- A wealth of information. £25 posted
  4. Auction win. A nice 2020 Elizabeth II Sovereign Proof Set.
  5. Spink, ‘Coins of England- Decimal Issues is a good resource. It features all coins issued from 1970 to date- I think the latest 2024 volume will be released soon, usually December.
  6. Thank you @ilovesilverireallydo for this wonderful Platinum Jubilee Piedfort Sovereign in fabulous condition 😃 It was orphaned from its presentation case- I was lucky enough to find a case at a well known auction site 👍
  7. Also, I wonder why Spink singled out the 2014 Prince George as having a Prooflike Reverse- I also know of the 2017 Pistrucci & 2018 65th Anniversary SOTD’s also have the Prooflike reverses.
  8. It’s referring to ‘First Birthday of Prince George’ struck 22/07/2014. The first column in the legend at the top of the table is titled SSD and it refers to row 4- the 4 has an asterisk next to it. It’s a rubbish footnote- you would have thought Spink would have used their catalogue number!
  9. 2022 Platinum Jubilee of Her Majesty The Queen Celebration Silver Proof 10 Coin Set REDUCED FROM £325 TO £279 POSTED Beautifully presented celebratory Silver Set featuring the Platinum Jubilee Silver Proof issues with the extremely limited Jody Clark Obverse, as well as the 2022 Definitive coin issues. Limited to only 700 Proof Sets.
  10. Spink (2023) ‘Coins of England & The United Kingdom, Decimal Issues’ page 177 outlines all the SOTD Sovereigns- including the issue number/ actual sales. Also, the Royal Mint publishes recent Commemorative Coin sales 2004 through 2019- you can find the information here: https://www.royalmint.com/discover/uk-coins/mintage-figures/
  11. Not sure how I was able to buy this set £215 less than rrp. Crazy times currently.
  12. I’ve not purchased any coins for several months but I couldn’t resist these beautiful Proof Sovereigns- 2019 set & a 2021 - bought collectively on Wednesday evening at +11%. By the time they landed today, the Set now working out at just +3% over spot.
  13. Maybe contact a dealer and negotiate a commission and let them sell it on their website or at a fair- try Martin at AMR coins- he also co- owns Hosker Haynes auction: https://www.amrcoins.com
  14. I didn’t respond as some kind of Chards fanboy- I rarely buy from Chards, but I do know this, as dealers go, there isn’t many surpass their guides and knowledge base- particularly their ‘old site’, which @LawrenceChardused to maintain (I’m not sure if all that content has been migrated over?). I haven’t a clue what mark-up the average large bullion dealer makes on say, £2k’s worth of bullion Sovereigns- but I’m guessing the margins are tight, and I guess Chards have thought long and hard of their business model, and decide on payments methods accordingly. You’re a winner, you saved by purchasing elsewhere and gained the knowledge they offered you for free.
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