For those of you who like British coins, to commemorate the Royal Birth, they are doing a 10,000 limit mintage of the gold sovereign design on a 1oz silve coin, that is half sold out within the first few days. I used HT7WEB at checkout for free shipping. Just a heads up sorry if this is better suited for the bullion forum, just wanted to share. Edit: Sorry - link and photo below: http://www.royalmint.com/shop/St_George_and_the_dragon_5_pound_Silver_Proof_Coin
Not a sovereign, a five pound coin. The design is that used on the sovereign, but that design actually came from the crown (1821 - 1900), a silver coin. (Which is where they get the "Struck in silver for the first time in over a hundred years. I don't think they have ever struck a silver sovereign, not even as a collectors issue.
The coin contains less than an ounce of silver and they want how much? 80 Pounds? That's $123 to blokes like you and me. And here I thought the US Mint was picking my pocket.......
British collector coins tend to be considerably higher priced than US, but the mintages are considerably lower. What do you think the US mint could get for an ASE with a mintage of 10K. Collectors paid around $60 an oz recently for coins with close to a quarter million mintage.
I don't think they are having any problem selling these. When I checked earlier today, 80% have already been spoken for, and they don't even ship until later in August.
I agree Brandon, they are having absolutely no problem selling them and I'm sure the issue will sell out in the next few days. The fact that they didn't sell out in a day or a few hours tells me that there's less demand for collectibles in GB. Conder's right. If that was a coin that was being offered here by the mint, and with that mintage total, the coin would have sold out in a few hours.
Well, there are 1/5 as many people in all of GB as the USA. That and we can't be sure that there aren't just as many collectors, but those collectors have a MUCH larger history and array of GB items to collect going back over 1000 years; thus, there may simply be less interest in bullion-type modern mint issues. Nonetheless, I think it's a quite attractive issue, and I did order one. The Pistrucci design is a great one, and I'm a sucker for anything with a horse. Despite this design not being issued on a silver crown for over 100 years, it was also used on the 1951 Nickel-clad George VI Crown.
I must admit, I've been tempted myself with pulling the trigger on the issue but I can't seem to come to grips with the high premium. Perhaps a few Brits could chime in to rather convince me?
I want one so bad but i just cant do it. Too much money for me at the moment. I may be an American but i'm a sucker for the British, Japanese, Russian, and Norwegian coins.
sorry brg...the second I saw that I had to go bid on one on ebay and copy you .... what cool looking coint that is!
US$80 retail is quite high for a 5-pound "crown." As a seasoned buyer of British proof decimal coins, the normal aftermarket price will fall into the US$50-$60 including postage range, on eBay. It may take a few years, but I will wait for the market prices to come down before I purchase. I have snapped up all kinds of estate finds in this acceptable price range.
Same here, $123 for an ounce of silver is way too much for this working man. I love St. George taking down the dragon but for that price I'll let others deal with it.
Looks like it sold out today. ....and whether or not it is way to much I guess is in the eye of the beholder, especially when some mints sell every commemorative under the son for as much, if not more, of a markup.
sold out, looks like I was too slow to pull the trigger I guess I'll have to wait for the secondary market hopefully the price comes down in the future.
