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The death of the 50p craze?


goldmember44

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Well, it seems like the Royal Mint has finally killed it. They've been over-selling their 50p coins to tired and broke customers, so much so that these customers have finally stopped buying into the ubiquitous never-ending coin offerings. That is the only conclusion I can draw from Royal Mint's firesale of once-popular silver 50p and other proof coins. Now, just last year's Peter Rabbit is on sale for half price (that's right. £30!!) along with others. Sure, that particular one has since sold out, but most are still for sale, not even near sell-out status. I even saw a Queen's beasts silver proof for a large discount.

Of course, there still are success stories, such as Una and the Lion. But they are few and you have to have great discernment to pick the right horse from among the deluge of offerings.

Another thing...by selling a Peter Rabbit silver 50p for £30 in a huge sale does not exactly do wonders for the coins' secondary market valuations...but what do they care? As long as they can get rid of it eh? They should care, because how many of us are going to fork out £60 in the future for another Peter Rabbit silver proof 50p?

Your thoughts?

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4 minutes ago, 5huggy said:

Run upto Xmas and peeps short of penneez - - low sales / overproduction

Need to clear vaults for NEXT ROUND!!!!

IMHO

I guess you're right. It might be worth looking for some bargains then in the pile...there are some silver proofs that look tempting at this level (a few sold out already).

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I saw the paddingtons on 50% off as well and on top of that they still had normal stock of Wallace the snowman and the Gruffalo so hopefully they look at this in the future and reduce the price or the mintage 

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Good topic. It's only really the Potter coins plus the Paddies isn't it? The former have been absolutely done to death, yes, (though I would have had a Peter at £30 before it sold out as I like it) and the latter...well it's just sad and embarrassing that the Mint keep trying to flog those, and it's not the first sale on those either!

But yes, imagine someone who bought that whole Peter set and now it's half price. Partly hence why some recent issues haven't sold out yet (Gruff, Snowman) imo - the Mint have managed to turn something 'hot' into an unconvincing purchase (unless you're prepared to pay a premium to guarantee a coin you want for your collection/a gift).

No doubt one or two nice ones on sale, but I did browse with despair at some of the other offerings, like the Harry and Meghan coin, they really do put out some rubbish don't they?

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Plenty more 50p coming - the dinosaur ones!

With the mint making a loss, i envisage more of these commemorative coins which even if there is remaining stock that might sell at 50% discount, the mint will still make a profit!

I still find no common sense reasons why some coins keep value and others don't. The 2016 Rabbit Potter SP is the only winner in that 13 coin set! In the end buy what you like and not what the value might hold sometime later. I keep saying this with every new release, whats the reason why buying, if not for your pleasure, think again {occasion quick flip allowable}!

I forgot to mention, this forum doesn't help sometimes being a FOMO chamber!

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14 minutes ago, AgD said:

I saw the paddingtons on 50% off as well and on top of that they still had normal stock of Wallace the snowman and the Gruffalo so hopefully they look at this in the future and reduce the price or the mintage 

They won't shift on price so it must be the mintage. But then, many of us said that before the last three releases (I had forgotten Wallace) and they bumped up the Snowman 2 from LEP 15k (absolute hit, even with an extra 5k in other presentations!) to 25k. I forget the maximum mintages, and the Snowman 2's isn't showing up for me now for some reason.

In fact someone's been 'fiddling' with things as Snowman and the others in silver don't have a % sold at the moment where they did before.

The worrying thing is it seems to have had a slight knock on effect with the gold already. Snowman 2 is still at 95%, the same as release week. Strangely Paddington at the Tower was a sell out but St Paul's (also 'lost' its % sold for now!) is available. You really do not want to make customers who have spent £800 (now £1000!) on a coin question whether future purchases are desirable and/or sensible imho!

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1 hour ago, h103efa said:

I keep saying this with every new release, whats the reason why buying, if not for your pleasure

You want to speak to the nice folk at Harrington and Byrne, they will explain why such coins are essential purchases for any collection or investment :P

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I was sorely tempted to buy the heavily discounted sterling silver 10ps. I think they are pretty cool - but managed to come to my senses. A whole lot of cash for very little silver. And if they arent sold out, then definitely no reseller market. 

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3 hours ago, ilovesilverireallydo said:

I was sorely tempted to buy the heavily discounted sterling silver 10ps. I think they are pretty cool - but managed to come to my senses. A whole lot of cash for very little silver. And if they arent sold out, then definitely no reseller market. 

Sometimes it's hard to exercise self-restraint when we notice all the eye candy, but you feel proud and relieved when you manage to do it :)

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Interesting topic.  I think that if you are going to buy non PM new coins it would be better to buy genuine error coins from auction rather than specimen 10p or 50p coins.  
 

Personally I cannot see these being a good investment in any way. 
 

Best

Dicker

Not my circus, not my monkeys

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