Hi Guys, The reason I am posting in this forum is that I am currently looking into marketing and selling a British coin in America and would like some advice from the experts. It is a 1967 uncirculated Britannia Penny, 24 carat gold plated in a display case with the history of the coin. The Britannia design was first used to depict Britain in Roman coinage, almost 2,000 years ago. Britannia was used on the Penny coin from 1797 until 1967.The Royal Mint has decided to stop using Britannia on its coinage, making this coin a piece of British history. The questions I have are: Is there a market for this sort of coin in the USA? How much should I expect to sell this for? If I chose to advertise in a magazine, which one would be the most appropriate? I really would appreciate any advice. Many thanks for your time.
1967 is one of the most abundant issues of any British coin and, even in uncirculated condition, is only worth a few dollars. The gold plating reduces the value further.
You can buy 1967 pennies in decent mint state for around £1 each here in Britain. They're incredibly common. Gold plated, it's worthless to a coin collector.
Anyone else see the big bubble just blow up? Seems another HSN buyer has just been pulled from a deep sleep.
Hi, thank you all so much for your responses. I hadn't planned to target serious collectors I know it is not a collectors piece, more the trinket collectors who may like an old gold plated penny, piece of British history or those who may buy for the 1967 (43rd birthday,wedding anniversary etc). The reason I posted in a coin collectors forum is I thought there might be some advice on where to target in the USA other than just eBay. You must come across coins being sold for more than their true value because people think it is a nice to have. Thank you for your time.
Gold plating can ruin just about any coin. They sell these gold plated buffalo coins on TV for $19.99. What a rip-off.
Thank you, that is the sort of thing I needed to know. I know to a real collector that is a rip-off but people buy and therefore like that sort of thing. Thank you very much for taking the time to respond.
I'm not saying that you couldn't get someone to buy it. I just don't think that you will get very much for it even if you do find a buyer. But who knows, The is alwayds the PT Barnum rule.
Hi there, while not really appealing to collectors, as a gift I suspect this could sell quite well, if packaged in a nice display case and gold plated. The london mint was/is selling something similar for 29.99 without a case, They wouldnt do it if they didnt sell so it might attract pro-british people looking for souvenirs. Did you say they were uncirculated too so in mint condition? Wouldnt buy one myself but I suspect you could sell for 20-30 pounds if you were to market it in the right way and target the right audience. Steer clear of any medium that might include collectors. Internet shoppers and newspapers targetted at people who spend could be the right way. Have you contacted any newspaper companies in the states for statistics on their reader base? all sorts of statistics can be had to help target the right people. Think Ex Pats, pro-brit states, and middle ages people with money to burn. Have you thought about the souvenir market in the city of London? trinkets are sold there by the millions. Good luck with it.
I say eBay is full of the fools you seek my friend, they may buy your *JUNK*,,, hmf hmf I mean wonderful gold plated full of value collectible item that would make a great family heirloom etc. etc., but beware they may pay $1 or they may pay $1000.00 you just never know.
