400g 10 Crowns Value?

Discussion in 'World Coins' started by marbury518, Nov 27, 2018.

  1. marbury518

    marbury518 Marbury

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  3. daveydempsey

    daveydempsey Well-Known Member

    London Mint is a private company producing junk collector coins and medals.
    I leave their stuff alone.
    afantiques likes this.
  4. marbury518

    marbury518 Marbury

    It was part of a large collection, so wasn't sought out.
  5. roman99

    roman99 Well-Known Member

    visited their site, prices are ridiculously inflated.
  6. marbury518

    marbury518 Marbury

    I can't see the price of this 'coin' and they are sold out anyway...….if it was solid silver there would be less criticism.....it is impressive looking in the hand......and just one of about 200 coins I bought...…..some lovely series one Perth Mint lunars.
  7. roman99

    roman99 Well-Known Member

    I'm referencing their site overall, charging well over 6 times the price of silver for "commemoratives", and 50 bucks for common Columbus comm. coin?
  8. marbury518

    marbury518 Marbury

    If the demand is there they fill it I guess...…..I just turned a lot of Cuban UNC notes into coins Sunday and today..so I have so many different types and denominations my head is spinning.....
  9. jcm

    jcm Active Member

    They're like the Franklin Mint here in the states. Avoid their "collector coins."
    afantiques likes this.
  10. marbury518

    marbury518 Marbury

    Seen to have started a thread about a different topic...…...I bought 200 coins and this was one of them...….it was not deliberately purchased or sought out.....all I want to know is what price they have sold at on the secondary market...…...doesn't appear I'll get an answer LOL
  11. daveydempsey

    daveydempsey Well-Known Member

    I buy large collections and find similar stuff in them.
    I appreciate you did not seek it out.

    I think the reason this item was included in your lot tells you it is of low value.

    I think a long Google search might bring up your coin and a sale somewhere.

    I went to a woman's house earlier this year and she had spent thousands on silver and gold plated proof non circulating coins thinking they were an investment.

    She was most upset that I did not want to buy them.
    The packaging and boxes were worth more.
  12. lordmarcovan

    lordmarcovan Eclectic & odd Moderator

    Well, if you didn't pay retail price for it and got it in a bulk lot, it's a fun doodad, and there's no harm in liking it. These things have no numismatic value (or just bullion value when they do actually contain some silver), but they can be pretty, as mentioned.

    More like the National Collectors Mint. They market silver- and gold-plated knockoff stuff in fancy packaging, in the hope that uninformed people will mistake them for actual coins. Some of these companies have tricky, official-sounding names. The name "London Mint" seems to be a similar ploy.

    Such privately-issued products are technically not coins but rather medals or tokens. The Franklin Mint has also produced many, many medals and tokens, but also did produce some true coins under contract for foreign governments. I'd say the Franklin Mint has a tiny bit more prestige than these other latecomers, if only by virtue of having been around a long time.

    A lot of these companies do not sell coins at all, unless they're NCLT (non-circulating legal tender) issues from countries like the Cook Islands, Liberia, etc.

    A reminder for those newer collectors among us: if it is not government-issued legal tender, it is not a coin, though it might be marketed as such.

    Private issue = token or medal
    Government issue legal tender with monetary denomination stated on it = coin
    afantiques likes this.
  13. marbury518

    marbury518 Marbury

    is it safe to come out of my air-raid shelter yet?

    Sold for £40 GBP plus shipping.
    lordmarcovan likes this.
  14. daveydempsey

    daveydempsey Well-Known Member

    Its worth what someone is willing to pay, I'd get back in the shelter because it sounds like you mugged them :hilarious::hilarious::hilarious::hilarious:
  15. marbury518

    marbury518 Marbury

    Just boiling the kettle for my hot water bottle and off to the Anderson Shelter in the back garden.
    daveydempsey likes this.
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