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THE 65TH ANN. OF THE CORONATION OF HM QUEEN 2018 STRUCK ON THE DAY FULL GOLD SOVEREIGN


fehk2001

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My coin arrived on Friday. The COA number is 632 so quite late in the production run. Reverse of the coin is fine but take a close look at the Queen's upper lip, looks like it has been grazed and lost some of the frosting. 

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See the link below to my coin dedicated YouTube channel

https://www.youtube.com/channel/UC32DEmDzkaZCBTBVTDiYr0A

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On 24/06/2018 at 03:34, KevinJam said:

grazed and lost some of the frosting. 

If that is the case I would return the coin. 

I had the same problem with a proof coin from RM, they gave me a refund without any quibbles. 

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On 01/07/2018 at 21:12, Seasider said:

I am not sure but looking at Numistacker's grading thread it seems a number of people are doing it.  Presumably it may add value?

The value is in the mintage and the uniqueness (plain edge). The last one one eBay sold for £640.

The grading in this case is more for protection: physical damage, ability to sell to the US market, the RM pulling a fast one  by releasing another plain edge SotD with a mintmark. 

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On 01/07/2018 at 21:12, Seasider said:

I am not sure but looking at Numistacker's grading thread it seems a number of people are doing it.  Presumably it may add value?

It's important to try to learn why you might want to grade certain coins, so if in doubt, ask! :)

1 hour ago, augur said:

The value is in the mintage and the uniqueness (plain edge). The last one one eBay sold for £640.

The grading in this case is more for protection: physical damage, ability to sell to the US market, the RM pulling a fast one  by releasing another plain edge SotD with a mintmark. 

I think that's a very reasonable price and would certainly not sell mine for anywhere near that money, these will do very well in future!

Those are all very valid reasons for grading :)

For me the only one that applies for this coin is the last one. I've heard the George birthday SotD is completely different and possibly unique. Does that leave any other anniversary SotD that might have the privy mark (not that it does apply to George anyway!)?

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Thanks for your thoughts.  So are you both getting yours graded?  It sounds as if augur may and kimchi won't.

I come at grading from the point of view of someone who has bought something which some people say is a fake and some that it is not (a 1911 C "sovereign").  So following some advice I have sent it off to be graded - purely for peace of mind.  So I can see the rationale for grading coins which get faked - eg Pandas.  Is this one going to get faked?  Well it is rare and so a candidate.  Does the edge make it more difficult to fake?  I read somewhere that edges are tricky for the fakers but maybe that is when there are letters on the edge rather than a completely plain edge?

I can also see a reason for grading a proof coin which has come out of a set and may not have a box or COA - such as the 2005 proof sovereign being sold by Bullionbypost.

For me grading is about validation but reading Numistackers thread that is not the case for other people for whom the grade is key and it seems to be about the resale value.  But I do wonder about that.  At a recent London coins auction there were 4 2017 platinum quarter ounce Britannias two slabbed PF70 and two in the original Royal Mint boxes.  One of the slabbed ones did not sell and the other went for the same as the less good RM boxed one and quite a bit less than the perfect RM boxed one.  Now maybe that was an aberration but it makes me wonder.

In the case of this coin it has its box and the protection of a capsule (even if it is not the best) and has the paperwork so my validation reasons go away and possibly augurs protection reasons (possibly not given the capsule seems to have an opening in it).

Then I am left with resale value and the desire of Americans (and I am told people in the Far East) to have third party validation of the coin if they are going to buy it at an auction (not that I sell things anyway) and I have my doubts on the value front.

I am probably going to come down in favour of not grading but am open to persuasion.

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29 minutes ago, Seasider said:

Thanks for your thoughts.  So are you both getting yours graded?  It sounds as if augur may and kimchi won't.

I come at grading from the point of view of someone who has bought something which some people say is a fake and some that it is not (a 1911 C "sovereign").  So following some advice I have sent it off to be graded - purely for peace of mind.  So I can see the rationale for grading coins which get faked - eg Pandas.  Is this one going to get faked?  Well it is rare and so a candidate.  Does the edge make it more difficult to fake?  I read somewhere that edges are tricky for the fakers but maybe that is when there are letters on the edge rather than a completely plain edge?

I can also see a reason for grading a proof coin which has come out of a set and may not have a box or COA - such as the 2005 proof sovereign being sold by Bullionbypost.

For me grading is about validation but reading Numistackers thread that is not the case for other people for whom the grade is key and it seems to be about the resale value.  But I do wonder about that.  At a recent London coins auction there were 4 2017 platinum quarter ounce Britannias two slabbed PF70 and two in the original Royal Mint boxes.  One of the slabbed ones did not sell and the other went for the same as the less good RM boxed one and quite a bit less than the perfect RM boxed one.  Now maybe that was an aberration but it makes me wonder.

In the case of this coin it has its box and the protection of a capsule (even if it is not the best) and has the paperwork so my validation reasons go away and possibly augurs protection reasons (possibly not given the capsule seems to have an opening in it).

Then I am left with resale value and the desire of Americans (and I am told people in the Far East) to have third party validation of the coin if they are going to buy it at an auction (not that I sell things anyway) and I have my doubts on the value front.

I am probably going to come down in favour of not grading but am open to persuasion.

 Grading is definitely not right for every single coin and in every single situation sometimes it does add value and often it does not add value I have seen the most amazing value added successes and I have seen coins come back that did not cover the grading fee in any way.

 I have seen members of the forum rush to have coins graded and then present those coins in such a way that they appear to be perhaps more attractive for more highly desirable and obtain a very good premium rate for their efforts. However sometimes at auction the buyers do not care particularly for UK-based Auctions where grading is still a minority sport. 

 When I choose to grade coins for myself, I am almost never looking at the value uplift has the driving force. I do not sell very many of my own coins unless I want to buy something else that is much more expensive.   I grade my coins because it is too much mental effort for me to continually trying to work out what their grade may be and quality is extremely important to me.

I want to know that everything that I collect is the best possible quality that I can afford and for me at least the grading process gives me validation of that quality which is important to me. 

 The other thing worth noting is that I have seen that coin grading provides a secondary and good fun dimension to coin collecting.  For most people once they have made a purchase at sits in a cupboard or safe not looked at again particularly if it is boxed with COA and capsule.  Nobody wants to put wear and tear on the box and papers which then destroys value.

A great alternative is to have the coin graded and keep the box and Papers pristine.  The owner of a graded coin particularly a proof benefits significantly from the extra visibility and enjoy the coin many times over  even if he/she is not able to fondle the coin  quite as often ( each time running the risk of causing damage).

 

 

 

 

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On 03/07/2018 at 12:25, Seasider said:

Thanks for your thoughts.  So are you both getting yours graded?  It sounds as if augur may and kimchi won't.

I am undecided on this one. Generally if I think I will be likely to have something graded in the future (to add value) my feeling is to grade as soon as possible because the coin is not going to improve in condition over time, it can only stay the same or get worse!

We all see things differently so it's good to get ideas from different folk I think and learn what feels right for you :)

On NCS conservation too there are differing views.

With this one I don't see a particular value uplift in grading. I also have absolutely no intention to sell anytime soon, this one is a keeper for me. The worry though is that the MInt will do what they did last year with two SotD issues, which is to mint an identical coin for another anniversary. Then, despite having the correct paperwork, there is no absolute proof the coin is the Sapphire Coronation rather than the other one. It will be a kind of 'left in limbo' coin and collectors won't pay the premium for what it should be recognised as. That's why I asked if there's another anniversary this could possibly be issued for. The SotD George will be different I'm certain, but are there any other opportunities?

No-one seems to know or prepared to hazard a guess! This is understandable I think given what happened last year.

So for the grading cost it seems like reasonable (perhaps most sensible) insurance to have this one graded asap for authentication.

I'm different from many in that I prefer a coin I plan to keep in the original presentation. I take great care with the packaging - it's all part of the experience of such a coin. I have many graded coins, and of course I like/love them, but it takes some of the 'romance' and pleasure away for me. It feels a little bit clinical and I find that rather than enjoying the coin I am drawn to the label. I examine all my (proof or high premium) coins with a loupe when I receive them and send any back that are clearly not 70s, so I know I have a nice coin, whether it is a 69 or a 70 I don't care unless I decide to sell.

So on this one this is the second proof coin in a row I've decided not to grade (for the time being), but as above that is not the advice I could give others. I will be listening and watching carefully for any hint of a similar issue, and if there is I will be panicking to send this for grading asap lol. But it's not going to be the George SotD I'm sure as the privy has nothing to do with him. Others may not be so certain there, I am taking a chance!

 

 

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1 hour ago, kimchi said:

The worry though is that the MInt will do what they did last year with two SotD issues, which is to mint an identical coin for another anniversary. Then, despite having the correct paperwork, there is no absolute proof the coin is the Sapphire Coronation rather than the other one.

Seems to me to be a ridiculous situation where you have to have a limited edition coin graded to differentiate it from another limited edition coin:blink:

Profile picture with thanks to Carl Vernon

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13 minutes ago, sovereignsteve said:

Seems to me to be a ridiculous situation where you have to have a limited edition coin graded to differentiate it from another limited edition coin:blink:

Absolutely. I'm sure how the Mint screwed people over last year is at least partially responsible for the rush to grade this otherwise it's a stunning coin just as it is.

Madness eh? :wacko:

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I think this coin will be no good when the hype goes away.  Unlike other coins I don't see the pull on the this coin unless her majesty passes away this year and I hope she carries on for many many years at least!  There will always be Some who want the coin and will pay for it.  keeping the coin off the market will only let those who want to flip make more and you will be left holding a loss while they will go again, make your own mind you if you want to sell and at what price! 

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13 minutes ago, Pipers said:

I think this coin will be no good when the hype goes away.  Unlike other coins I don't see the pull on the this coin unless her majesty passes away this year and I hope she carries on for many many years at least!  There will always be Some who want the coin and will pay for it.  keeping the coin off the market will only let those who want to flip make more and you will be left holding a loss while they will go again, make your own mind you if you want to sell and at what price! 

What hype? This coin didn't need any hype!

It will always be an absolutely key Sovereign imo and I will certainly never lose money on mine, I will keep it in the family unless I get an outrageous offer!

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32 minutes ago, kimchi said:

What hype? This coin didn't need any hype!

It will always be an absolutely key Sovereign imo and I will certainly never lose money on mine, I will keep it in the family unless I get an outrageous offer!

You are alright then as you are a collector (though your family might of hoped you  bought just gold, you make sure they know what you have). As for the sovereign being a Key we will just have to have different opinions, the way the RM are going there are 3 Key coins a year. IMO the Prince Philip Coin will be a better bet for the future it is a better coin though its not a coin I can buy as its above my  max %.   

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7 minutes ago, Pipers said:

You are alright then as you are a collector (though your family might of hoped you  bought just gold, you make sure they know what you have). As for the sovereign being a Key we will just have to have different opinions, the way the RM are going there are 3 Key coins a year. IMO the Prince Philip Coin will be a better bet for the future it is a better coin though its not a coin I can buy as its above my  max %.   

Imo there was only one key coin last year apart from the proofs, the Pistrucci SotD. And this year is this one, unless you (or anyone) can tell me another opportunity they might have to release the same thing?

George, Philip, Sapphire Wedding - some may do well, but generally no-one cares about these do they? The Sapphire Coronation is linked to the monarchy and a record (reign) for the Sov. I think these are very special myself.

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Just now, Pipers said:

There is not always a Key every year.  

Of course not, but there was last year imvho, and there is this one now this year. How many monarchs in even our grandchildren's lifetimes will get a Sapphire Coronation Sov?

Happy to disagree as you suggest :)

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The 2018 proof sov with the 65 privy was enough to celebrate that milestone.

Plus, it was a real sovereign.

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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I’m with @Pipers here, looks like they will bring out 2-3 limited sovs per year and this one that should be a key date will keep getting watered down because they will have more and more limited sovs.    If George is 500 mintage will that be the key date because less mintage and still a sov?    I’ve got 2 of the 65th and seriously thinking of selling one for these reasons.   But got 2 children  so only reason I’d keep both

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