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TeaTime
Reputation Activity
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TeaTime got a reaction from Aldebaran in Sterling to 9ct conversion estimate
Wow, that's a complex question.... Gold by volume is almost twice as heavy as silver - so, for example a cubic centimetre of silver would weigh 10.49g and the same in gold would weigh 19.32g. That would be for pure silver and gold.
So you would need 78g of pure gold to make up the same volume as 43g of pure silver
Sterling silver is 92.5% pure silver.
9ct gold is 37.5% pure gold - usually alloyed with silver.
Assuming, in the end product, that 62.5% of it is silver . . . . and that's where i give up.
BUT - gold is heavier than silver so it stands to reason that, regardless of purity, you will need more gold than silver to make an equivalent sized piece.
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TeaTime got a reaction from Sovhead in Sterling to 9ct conversion estimate
Wow, that's a complex question.... Gold by volume is almost twice as heavy as silver - so, for example a cubic centimetre of silver would weigh 10.49g and the same in gold would weigh 19.32g. That would be for pure silver and gold.
So you would need 78g of pure gold to make up the same volume as 43g of pure silver
Sterling silver is 92.5% pure silver.
9ct gold is 37.5% pure gold - usually alloyed with silver.
Assuming, in the end product, that 62.5% of it is silver . . . . and that's where i give up.
BUT - gold is heavier than silver so it stands to reason that, regardless of purity, you will need more gold than silver to make an equivalent sized piece.
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TeaTime got a reaction from GodsMoney in Sterling to 9ct conversion estimate
Wow, that's a complex question.... Gold by volume is almost twice as heavy as silver - so, for example a cubic centimetre of silver would weigh 10.49g and the same in gold would weigh 19.32g. That would be for pure silver and gold.
So you would need 78g of pure gold to make up the same volume as 43g of pure silver
Sterling silver is 92.5% pure silver.
9ct gold is 37.5% pure gold - usually alloyed with silver.
Assuming, in the end product, that 62.5% of it is silver . . . . and that's where i give up.
BUT - gold is heavier than silver so it stands to reason that, regardless of purity, you will need more gold than silver to make an equivalent sized piece.
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TeaTime got a reaction from GoldDiggerDave in Gazette Proclamation - Harry Potter: The Winged Keys
Or, if feeling extravagant - a pack of Stuyvesant to share amongst friends. LOL
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TeaTime reacted to KitboyE17 in Gazette Proclamation - Harry Potter: The Winged Keys
Yes, it’s funny but I always see the Queen in my mind exactly as she was on a pound note. And I used to spend my dinner money on 10 JPS for only 50p 😝
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TeaTime reacted to GoldDiggerDave in Gazette Proclamation - Harry Potter: The Winged Keys
Release like this are a "necessary evil " and it's easy for advanced collectors to dump on them. The industry needs cross genre products to drag fresh blood into the interest and get people into collecting and buying coins.
I started collecting circulation commemorative 50p's and its lead into opening so many different avenues for me with this hobby/interest and now business.
The biggest challenge the RM will have is pulling new people into the interest with a product aka coinage thats practically become obsolete for some generations already, give it another 10 or so years and kids of that generation will not even be handling coins they will never have a coin in their pocket go to the shop to spend it and receive others coins back in change.
As a child I felt rich with a newton £1 note in my pocket and I loved the massive 50p's always thought the queen looked pretty (2nd portrait by Arnold Machin) this is how I remember queen. Usually I'd be given a £1 note off the old man to walk to the shop and by a packet of fags for him I still remember 10 players No 6 were 76 & 1/2 pence a packet and would get 10p for going, this was the time where half pence sweets were a thing, the prise was the 3 pence sweets the white chocolate fish and chips for those who remember those.........There is so much nostalgia with handling currency going forward I doubt there will be the same for those tapping a card or phone for future generations.
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TeaTime reacted to LiquidMetalsUK in Today I Received.....
@RiverbankSilverbeautiful delivery as always 😁💪
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TeaTime reacted to JeffM in 2024 Britannia proof range
Got my 2-coin set today. Just magnificent! The design and detail are great. There’s even a spray of bubbles coming off the waves. Nicely done. Love the side-by-side contrast of the two proof finishes.
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TeaTime reacted to Charliemouse in Royal Mint 'Quality'
Just for interest, the quarter uses a font called Albertus (Identifont - Albertus). It has a stem on the capital U, which does make it look lower case.
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TeaTime reacted to Charliemouse in Royal Mint 'Quality'
People mean lots of different things when they talk about quality. Probably not an exhaustive list, but here is how I would break it down.
Intricacy and fineness of the design. This is a factor of the time and skill invested into the design and 'mastering'. Constant across all individual coins of the same design. Depth and detail in the coin. This is a factor of the capability of the machines, and the ambition of the design. Could vary between first and last strike. Chance of individual coins having acceptable levels of faults. This is a factor of the quality and maintenance of the machines and raw materials, the quality of handling, the ability and willingness of the QC process to find issues. Varies coin to coin. Number 1 is going to be very subjective. RM release a lot more designs each year than they used to, and whether one is better than another varies with personal opinion.
Number 2, the relief and detail inherent in the designs, have clearly worsened. e.g. In bullion, it is obvious to see the newer sovereigns are flatter and more 'jelly' like than they used to be. I don't think that is disputable. And with the albeit limited sample of microscope photos I have taken, you can clearly see the detail in proof sovereigns has diminished over the last e.g. 30 years. And there is an obvious trade off in the real world. A highly ambitious design will probably cost more, be harder to mint, and will generate more faulty coins.
Before this is a 100% Royal Mint bashing exercise, I would say that I saw similar reduction in detail with Perth Mint coins across the same time period.
Whether 3 has become worse in absolute terms, I honestly don't know. From all the voices on the forum, clearly it has. But I haven't been collecting long enough, and I don't own enough 'older' proof coins to see that objectively. Coin for coin, I have no idea what the return rates used to be. I think the return rates for everything, from cars to lightbulbs, is much higher than it used to be (for all sorts of reasons), so again that is very difficult to compare. I know that people are now able to scrutinise coins in far more detail. I also know that people on this forum are far more discerning than the average punter.
My personal experience buying proof coins from RM is that the first time I receive a proof it probably has a 70% chance of having unacceptable levels of faults. I will send it back and the second time it will have maybe a 20% chance of having unacceptable faults. This has happened multiple times. The difference between those numbers is too large to be a coincidence.
So... one must conclude that RM has a systemic bias, either intentional or not, between the first release of coins and later fulfilling of returns. I am sure conspiracy theories abound. To be explicit, an example of an unintentional bias could be that the returns are fulfilled with later runs, where they have learned about the characteristics of the coin, are producing lower numbers, and therefore the chance of coins having errors is reduced. And example of an intentional bias could be that they believe the majority of their sales will be to people who don't scrutinise the coins closely, so they hold back the higher quality coins for those that bother to complain.
Discuss.
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TeaTime reacted to SidS in Royal Mint 'Quality'
With regards to point 2, nearly all national mints have been reducing the relief of their currency coins.
The US quarter has been deteriorating since 1998. Here are some later examples I found after a quick search. The descent into spaghetti hair is very obvious.
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TeaTime got a reaction from Agaupl in RM blister pack
Not sure if i'm missing something obvious but the 1oz 2024 Britannia coin on the RM site is currently listed at £800.66. https://www.royalmint.com/invest/bullion/bullion-coins/platinum-coins/britannia-2024-1oz-platinum-bullion-coin/
The same coin in a blister pack is listed at £847.28. https://www.royalmint.com/invest/bullion/bullion-coins/platinum-coins/britannia-2024-1-oz-platinum-bullion-coin-in-blister/
That's a hell of a price for the packaging considering the premium for the blister pack on the same gold coins is less than £2.
Oh, and i'm assuming they're gonna add VAT to that too 😕
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TeaTime got a reaction from stefffana in RM blister pack
Not sure if i'm missing something obvious but the 1oz 2024 Britannia coin on the RM site is currently listed at £800.66. https://www.royalmint.com/invest/bullion/bullion-coins/platinum-coins/britannia-2024-1oz-platinum-bullion-coin/
The same coin in a blister pack is listed at £847.28. https://www.royalmint.com/invest/bullion/bullion-coins/platinum-coins/britannia-2024-1-oz-platinum-bullion-coin-in-blister/
That's a hell of a price for the packaging considering the premium for the blister pack on the same gold coins is less than £2.
Oh, and i'm assuming they're gonna add VAT to that too 😕
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TeaTime reacted to Silverlocks in Royal Mint 1oz Platinum Bars
That's what puts the kybosh on Platinum for me. At least with silver you can fairly easily buy and sell on the secondary market, which brings the spreads down into sanity - you don't lose all the dealer margin and VAT. Platinum doesn't really have the presence and liquidity. I feel that if you had a load of platinum bars or coins to shift in a hurry, you'd have trouble offloading them without going back to the dealer market and taking a bath for all the VAT and margin.
VAT is the real killer here in Blighty. You could do it through an ETF or Bullion Vault perhaps.
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TeaTime reacted to HonestMoneyGoldSilver in Una and the Lion bars.....
Yep. These are before and after pics
One is Una and her lion getting ready for a night out, the other is them returning at 9am the next morning
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TeaTime reacted to tpcob303 in Emergency funds
I would hold up to a whole years worth gross salary income for myself personally.
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