The Royal Tudor Beasts - Royal Mint Launch Event, Oct 7

[AaaGee]

33 minutes ago, Petra said:

Only seen bullion ones being sold on here 🤔

Where do you think I bought mine?😄

[Petra]

10 minutes ago, AaaGee said:

Where do you think I bought mine?😄

That’s fine, however, why anyone would sell a coin so soon at a lot lower price than when first issued is anyone’s gues🤔

[AaaGee]

2 minutes ago, Petra said:

That’s fine, however, why anyone would sell a coin so soon at a lot lower price than when first issued is anyone’s gues🤔

And there lays the problem.

And the reason i asked if i should carry on.

The last 2 or 3 I purchased from the RM. Can't remember how many have been released now as mine are all stored away.

[SilverRich]

2 hours ago, BackyardBullion said:

If I am being brutally honest, even at £65 per Oz for the proofs doesn't excite me. 

The royal mint peaked in 2022 with the jubilee. After that they milked as much as they could and got way too greedy.

Now they are throwing proverbial terrible at the wall hoping something will stick.

They have soured the experience for so many other people, not just me. 

I have it on good authority that their sales are down 40-50% this year to date and this is already down from the previous year. 

2 years ago, turnover £1.9 billion. Last year £1.3 billion and I think this year sub £1b is happening.

This is against a backdrop of massive price rises on gold and silver so when you do the maths for their volume of product sold it's tiny by comparison.

Trouble ahead I think and there will be pressure from the treasury and taxpayer soon as they are literally burning money and branding.

I know some people are sick of me moaning about the mint but when the house of cards comes falling down in a few years and Anne Jessop quits in disgrace or is forced out I will be quietly saying I told you so.

Their pricing is ridiculous and their quality is sub par. 

The fact you can buy the exact same coins from dealers cheaper who still make a good margin shows how overpriced it all is. 

Quite shocked at the revenue figures you've mentioned though. That's a hell of a decline. 

[blackadder]

I see their £110 now plus post i guess to 😄I think the drop in sales are down to being terrible.But also the prices are becoming to high for alot of people.

[ChrisSilver]

14 hours ago, Stacktastic said:

Yeah I knew the answer, but people can strange with stuff like that. //thesilverforum.com/uploads/emoticons/default_tongue.png 

@ChrisSilver Not sure about a screenshot, but I do the emoticon, which shows up fine. 
Then when it saves the above is displayed? Has anyone else had this issue?? 

Okay, think I know why it may be doing that (to do with recently disabling remote images, even though that image is hosted in our how server, likely will need to contact the software company to see what it’s doing that) Will see if I can check later, are you able to please send me a private message please so I don’t forget to check it later? 🙏  

EDIT: I have some time now, I will private message you.

Edited 16 hours ago by ChrisSilver
Edit

[Royboy]

Morning guys & gals I think many of us are fed up with mints prices and terrible chucking sales I hope her at the top goes back to the TOWER where she belongs and keys thrown away 

as for me I’m still bitter over the monarch series been pulled and can’t wait for the Tudor beasts too be finished live lost heart in the sets and just want them done with I’m pleased there sales are on there arse because they had a good thing going and just raped us all on quality and prices  so I am moving into gold sovereigns as the price of a 2oz + 1oz is dearer then a 1/2 sovereign so I’m leaving the good ship lollipop I’m done I will watch the mint sink over the next 12 months they really pissed off a lot of people also rant over happy stacking guys & gals xx royboy1 xx in Yorkshire