Pete

Striking 45 coins per minute!! Wow, that's impressive!
Viewers:- click the images twice to download a larger resolution and you can read the text.
Interesting stuff!
Thanks @Pete

Spotted this at the Tower of London this week.
The first examples of coin production by our Royal Mint.
Hopefully you can zoom the photos to read the text.

 

 

I might consider purchasing if the price was fair but cannot find a seller other than eBay at the moment.
Who is selling them ?

Seeing imperfect proofs from the RM paints a rather poor picture of the UK.
Shiny regular bullion from the likes of the Perth Mint or the Mexican Libertad proofs demonstrate that good quality control is possible.
Why are so many imperfect high premium coins from the Royal Mint slipping through the net ?
I can only assume this is down to poor quality control and poor management at the RM.
We had a quality problem, big time, with just about every UK manufactured car until the foreigners took over.
Now there's a thought !

Seeing imperfect proofs from the RM paints a rather poor picture of the UK.
Shiny regular bullion from the likes of the Perth Mint or the Mexican Libertad proofs demonstrate that good quality control is possible.
Why are so many imperfect high premium coins from the Royal Mint slipping through the net ?
I can only assume this is down to poor quality control and poor management at the RM.
We had a quality problem, big time, with just about every UK manufactured car until the foreigners took over.
Now there's a thought !

Seeing imperfect proofs from the RM paints a rather poor picture of the UK.
Shiny regular bullion from the likes of the Perth Mint or the Mexican Libertad proofs demonstrate that good quality control is possible.
Why are so many imperfect high premium coins from the Royal Mint slipping through the net ?
I can only assume this is down to poor quality control and poor management at the RM.
We had a quality problem, big time, with just about every UK manufactured car until the foreigners took over.
Now there's a thought !

The lunar new year (year of the Ox) was last February 2021 and RM had not issued any of these coins. 
It is therefore safe to assume that the series has been discontinued.
I do remember reading about it a while back. The main reason for its demise, I believe was due to lack of demand.
Judging by the last few designs, it is understandable !  😮

Just came off the phone with the RM.
The person I spoke to informed me that a business decision had been made to discontinue all bullion silver Lunar coins.
That is a bit annoying when it leaves a nice wooden box half empty.
   
Anyone know for sure if this is fact or someone at the RM not fully informed ?

Just came off the phone with the RM.
The person I spoke to informed me that a business decision had been made to discontinue all bullion silver Lunar coins.
That is a bit annoying when it leaves a nice wooden box half empty.
   
Anyone know for sure if this is fact or someone at the RM not fully informed ?

As a seasoned stacker I agree with your comment that silver is in a bubble and the price is manipulated but in my world the price of silver is marked down and not high so once the bubble bursts silver should rise in price not fall. Gold on the other hand has had a good run of late and people panicked into gold believing the end of the world was imminent - think about the doomsday folks saying leaving the EU would sink the ship - so maybe gold is due a correction downwards.
Problem is nobody knows and regardless of "expert" advice the jury is out.
 

My experience with beautiful proof Britannia gold coins, boxed sets and very low mintages is that I paid a premium say 20% over spot when I purchased and ended up selling at 97% of spot. I didn't loose money because spot had risen by the premium and a bit more but I was very disappointed that the premium was completely lost. I tried to sell to coin dealers that were advertising the same coins at very high premiums and was being offered proofs at 5% to buy over spot at the time. I couldn't find buyers here either at spot price so in frustration I handed over to HGM just to get rid of them. I kept the empty boxes though as it didn't make any difference to the price but at least the dealers didn't have the box and certificate to double their asking price when reselling. Moral - don't pay too much extra for a proof if you think it will retain its value.

My experience with beautiful proof Britannia gold coins, boxed sets and very low mintages is that I paid a premium say 20% over spot when I purchased and ended up selling at 97% of spot. I didn't loose money because spot had risen by the premium and a bit more but I was very disappointed that the premium was completely lost. I tried to sell to coin dealers that were advertising the same coins at very high premiums and was being offered proofs at 5% to buy over spot at the time. I couldn't find buyers here either at spot price so in frustration I handed over to HGM just to get rid of them. I kept the empty boxes though as it didn't make any difference to the price but at least the dealers didn't have the box and certificate to double their asking price when reselling. Moral - don't pay too much extra for a proof if you think it will retain its value.

My experience with beautiful proof Britannia gold coins, boxed sets and very low mintages is that I paid a premium say 20% over spot when I purchased and ended up selling at 97% of spot. I didn't loose money because spot had risen by the premium and a bit more but I was very disappointed that the premium was completely lost. I tried to sell to coin dealers that were advertising the same coins at very high premiums and was being offered proofs at 5% to buy over spot at the time. I couldn't find buyers here either at spot price so in frustration I handed over to HGM just to get rid of them. I kept the empty boxes though as it didn't make any difference to the price but at least the dealers didn't have the box and certificate to double their asking price when reselling. Moral - don't pay too much extra for a proof if you think it will retain its value.

My experience with beautiful proof Britannia gold coins, boxed sets and very low mintages is that I paid a premium say 20% over spot when I purchased and ended up selling at 97% of spot. I didn't loose money because spot had risen by the premium and a bit more but I was very disappointed that the premium was completely lost. I tried to sell to coin dealers that were advertising the same coins at very high premiums and was being offered proofs at 5% to buy over spot at the time. I couldn't find buyers here either at spot price so in frustration I handed over to HGM just to get rid of them. I kept the empty boxes though as it didn't make any difference to the price but at least the dealers didn't have the box and certificate to double their asking price when reselling. Moral - don't pay too much extra for a proof if you think it will retain its value.

My experience with beautiful proof Britannia gold coins, boxed sets and very low mintages is that I paid a premium say 20% over spot when I purchased and ended up selling at 97% of spot. I didn't loose money because spot had risen by the premium and a bit more but I was very disappointed that the premium was completely lost. I tried to sell to coin dealers that were advertising the same coins at very high premiums and was being offered proofs at 5% to buy over spot at the time. I couldn't find buyers here either at spot price so in frustration I handed over to HGM just to get rid of them. I kept the empty boxes though as it didn't make any difference to the price but at least the dealers didn't have the box and certificate to double their asking price when reselling. Moral - don't pay too much extra for a proof if you think it will retain its value.

My experience with beautiful proof Britannia gold coins, boxed sets and very low mintages is that I paid a premium say 20% over spot when I purchased and ended up selling at 97% of spot. I didn't loose money because spot had risen by the premium and a bit more but I was very disappointed that the premium was completely lost. I tried to sell to coin dealers that were advertising the same coins at very high premiums and was being offered proofs at 5% to buy over spot at the time. I couldn't find buyers here either at spot price so in frustration I handed over to HGM just to get rid of them. I kept the empty boxes though as it didn't make any difference to the price but at least the dealers didn't have the box and certificate to double their asking price when reselling. Moral - don't pay too much extra for a proof if you think it will retain its value.

I was reading some recent threads from fellow forum members considering trickle buying PMs for their kids future inheritance, so I started to wonder if this is such a good idea or not.
Looking at the spot price of gold in early 1980 it was around £300 per ounce and remained flat for the next 25 years.
Same story in late 2011 with no upside for the next 8 years.
HOWEVER
Going back to early 1980 when gold was £300 and came out of your salary I entered this value into the Bank of England Inflation Calculator.
The number that popped out for 2020 was £1,316 for parity so inflation created a multiple of over 400%.
Now check this against the current price of gold at £1,280 and what can you deduce ???
Maybe buying / cost averaging over long periods of time all you are doing is preserving wealth and not necessarily growing wealth.
Had you bought a property, then over the same period, you would most likely have doubled your wealth ( or much more in many parts of the UK ) in real terms.
Of course if you kept your money in the bank it would be worth only a quarter today in spending power.
So all that glitters is not gold !!
 
 

I was reading some recent threads from fellow forum members considering trickle buying PMs for their kids future inheritance, so I started to wonder if this is such a good idea or not.
Looking at the spot price of gold in early 1980 it was around £300 per ounce and remained flat for the next 25 years.
Same story in late 2011 with no upside for the next 8 years.
HOWEVER
Going back to early 1980 when gold was £300 and came out of your salary I entered this value into the Bank of England Inflation Calculator.
The number that popped out for 2020 was £1,316 for parity so inflation created a multiple of over 400%.
Now check this against the current price of gold at £1,280 and what can you deduce ???
Maybe buying / cost averaging over long periods of time all you are doing is preserving wealth and not necessarily growing wealth.
Had you bought a property, then over the same period, you would most likely have doubled your wealth ( or much more in many parts of the UK ) in real terms.
Of course if you kept your money in the bank it would be worth only a quarter today in spending power.
So all that glitters is not gold !!
 
 

FTSE 100 was 620, so a tracker fund would be up 1200%.  Tracking the stock market is best long term, beats everything because it prices in everything..

Diversification is the key. But i'll say this for gold. Unlike all my other investments, property , pension , savings etc.  is the rotten government know nothing about it.  What gold ???

I was reading some recent threads from fellow forum members considering trickle buying PMs for their kids future inheritance, so I started to wonder if this is such a good idea or not.
Looking at the spot price of gold in early 1980 it was around £300 per ounce and remained flat for the next 25 years.
Same story in late 2011 with no upside for the next 8 years.
HOWEVER
Going back to early 1980 when gold was £300 and came out of your salary I entered this value into the Bank of England Inflation Calculator.
The number that popped out for 2020 was £1,316 for parity so inflation created a multiple of over 400%.
Now check this against the current price of gold at £1,280 and what can you deduce ???
Maybe buying / cost averaging over long periods of time all you are doing is preserving wealth and not necessarily growing wealth.
Had you bought a property, then over the same period, you would most likely have doubled your wealth ( or much more in many parts of the UK ) in real terms.
Of course if you kept your money in the bank it would be worth only a quarter today in spending power.
So all that glitters is not gold !!
 
 

I was reading some recent threads from fellow forum members considering trickle buying PMs for their kids future inheritance, so I started to wonder if this is such a good idea or not.
Looking at the spot price of gold in early 1980 it was around £300 per ounce and remained flat for the next 25 years.
Same story in late 2011 with no upside for the next 8 years.
HOWEVER
Going back to early 1980 when gold was £300 and came out of your salary I entered this value into the Bank of England Inflation Calculator.
The number that popped out for 2020 was £1,316 for parity so inflation created a multiple of over 400%.
Now check this against the current price of gold at £1,280 and what can you deduce ???
Maybe buying / cost averaging over long periods of time all you are doing is preserving wealth and not necessarily growing wealth.
Had you bought a property, then over the same period, you would most likely have doubled your wealth ( or much more in many parts of the UK ) in real terms.
Of course if you kept your money in the bank it would be worth only a quarter today in spending power.
So all that glitters is not gold !!
 
 

This reflects the kind of pricing that was available from the continent at the time for sure.

As a seasoned stacker I agree with your comment that silver is in a bubble and the price is manipulated but in my world the price of silver is marked down and not high so once the bubble bursts silver should rise in price not fall. Gold on the other hand has had a good run of late and people panicked into gold believing the end of the world was imminent - think about the doomsday folks saying leaving the EU would sink the ship - so maybe gold is due a correction downwards.
Problem is nobody knows and regardless of "expert" advice the jury is out.
 

As a seasoned stacker I agree with your comment that silver is in a bubble and the price is manipulated but in my world the price of silver is marked down and not high so once the bubble bursts silver should rise in price not fall. Gold on the other hand has had a good run of late and people panicked into gold believing the end of the world was imminent - think about the doomsday folks saying leaving the EU would sink the ship - so maybe gold is due a correction downwards.
Problem is nobody knows and regardless of "expert" advice the jury is out.