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TeaTime

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  1. I buy what i like for the purpose of collecting but if i really like a coin i'll buy several. I'll then sell the extras at a later date - could be a year, could be a decade later. In this way i have a nice collection the cost of which has been reduced or off-set by any profits i make on my extras. It doesn't always work out that i make a profit from my 'extras' but i've been doing this for a while now and can usually spot a coin that will appreciate in value. I cant recall ever selling silver at a loss..Thers's no secret to that other than being prepared to hold silver for as long as needed. Most people have similar tastes in what makes a coin desirable. I guess that makes me a collector/flipper rather than a stacker.
  2. Yes, it matters to me on anything that's not a coin or certified silver bar. And i mean a proper hallmark not a '925' stamp that joe bloggs can buy off Ebay for £2. I am suspicious of any silver sold without a hallmark. And when i say suspicious i mean i have lost money in the past due to fraud. As far as i am concerned no-one should be able to sell silver items without a hallmark. 'Bullion' home-made bars etc included.
  3. TeaTime

    Proof or BU?

    Royal Mint silver proofs have historically gone down in price for the majority of coins. You can pick up silver proof sets for not a lot over spot, even the early very low mintage Britannia 4 coin silver proof sets can be had for around £100. Taking account of inflation they work out as a loss on the original selling price..... Proof coins are somewhat insulated from the spot price but i think the market for them is relatively small. Seeing as demand is the biggest factor in determining a things value then there is not a lot of scope for profits. Sometimes though things become more desirable for unfathomable reasons. I treat bullion coins and proof coins as completely different animals. Bullion is for salting away a few pennies when i can and proofs are for me to enjoy.
  4. I used to go to a local numismatic auction around about that time and i can tell you that i never paid more than £5 for a Britannia. I used to walk out of the auction with a cardboard box full of 'modern' silver coins - no-one wanted them ! My colleague used to laugh at me buying pretty much everything that came up. When i sold the lot in 2011 it was my turn to laugh.
  5. Classic Ebay listing. Buy a job lot of Chinese brass sovereigns and throw one in with some other junk as 'house clearance'. Totally reliant on the greed of bidders who think they've spotted a bargain... Only works if you don't have one included in every listing though 🙄
  6. The last silver bangle i bought for a 'good price' turned out to be silver plated brass. There are literally thousand of Chinese sellers on Ebay selling 'silver' items for less then spot price. Either they're making their own silver out of tin cans using some magical alchemy or..... they're lying about the silver content. If something is claiming to be .925 silver i would expect to see a marking on it to prove it. And i dont mean a '.925' stamp (currently available to purchase on Ebay for £2)
  7. Cheapest option would be to buy a Perth Mint dragon bar and drill a hanging hole in it....
  8. TeaTime

    £11 per oz

    Who lists an item of that weight & value with postage costs of £3.90 ? I would expect either 'free' post (added to the price) or insured post cost. Just one of the things that make me wary of so called deals on Ebay. Someone who sells PMs would know how much postage would be and someone who doesn't know or sell PMs wouldn't generally have access to kilo bars of silver.
  9. What an odd and completely random set. I think the RM must have had a lot of the £20 bullion coins (the two featured are both poor designs compared with others) and the £5 proof crowns left unsold. Some bright spark at the RM probably suggested calling them a set just to get rid of them. I can't recall the RM ever selling a half proof and half bullion 'set' of coins before. Someone collecting silver proof coins would not want the bullion ones and, equally, anyone (still) collecting the £20 bullion series would have no interest in the crowns. Bizarre.
  10. Lately the RM seem to be adding extra (in my opinion unnecessary) extra detail to the coin fields which seem to clutter the coin. I'd be tempted by this if they removed the 'clouds' and 'sunbeams' and whatever the horizontal lower field squiggles are supposed to be. Oh, and if the price were realistic. This isn't the first Brit to be issued as BU, they all used to be when the RM had a little integrity...
  11. It's been a long time since any coin had an intrinsic value higher than the declared face value. (I'm one of the mugs who bought the £50 face value Britannia coin. Silver content worth ? About £9. Still, it's a lovely design). Most mints stick a value on their silver coinage to make it 'legal tender'. In Britain the advantage to that is it becomes CGT free. The value is either based on 1950 precious metal prices * or is pretty much arbitrary. * completely made up date - don't quote me !
  12. I've bought a few copper rounds to match existing silver rounds i have. I know they're not an investment but i like to be able to handle (and sometimes fondle) them knowing i'm not going to lose any value.... I can afford the odd £1.50 here and there !
  13. I bought quite a few RM silver proofs at a numismatic auction a while back and none of the COAs were numbered. I think the RM only issue numbered certificates to very limited mintages. Probably under 1500 or so. 7,500 would be considered a relatively high number as a silver proof.
  14. I've had proof coins before that had been cleaned (from Ebay no less) and the fine hairlines were all over the coin. I've never seen marks like those - they almost look like stress fracture marks - restricted to just the plain fields. Odd. You have to remember that a coin described as 'proof' numismatically is no guarantee of the grade. Technically it's just a term to describe the minting process.
  15. It would be ironic if your Maple is fake and all the Lunars are real.... Your statement that a DeWalt 18v hammer drill won't drill it is meaningless. Hammer drills won't drill through anything - the drill BIT is what counts, not the drill. To be honest OP it sounds like you are having a bad day. Maybe lay off the coins until you can test them with a recognised method that doesn't involve destroying them. I sincerely hope that your coins are silver. Good luck.