I don't normally buy non-US coins, but I could not resist with the 2014 Britannia Silver Proof one ounce. It is a beautiful design, and a mintage of approximately 1,500. Here is a picture of it, from the Royal Mint, with my photos to follow when it arrives:
Where did you order from? I tried looking these up, but it showed a higher mintage limit (5,300) where I saw it.
http://www.royalmint.com/shop/The_B...r_Proof_Coin?tab=specification#productdetails I am seeing 5,300 limit.. where do you see 2,500?
Ahh, I see where you are talking about. 2,500 coins in that presentation (the box is rarer than the coin), but mintage can go up to 5,300.
With such a low mintage, do you expect these to go up in value at all? Is it normal to have such low mintages over there? I cannot imagine making a $100 dollar coin here with that mintage, it would be gone in seconds. What did the total price with shipping come to in US? Might be interested in one..
Not likely. Just look at the 2011 Proof for example, same 2,500 mintage limit. Issue price GBP 47,50. I've been watching one of those, sold few days ago for $49. Seen some go for higher, but average selling price is about the same as the initial release price. Not a good investment in my book. Mintage is 5,300 but only 2,500 are in the "Limited Edition Presentation" box.
Mintage is Definitely NOT going to be 5300. There are orders from all sources for approximately 1500. It is November 21st, and there is only about 6 weeks left in the mintage run. Think there will be orders for 4500 in 6 weeks--not happening. That is purely theoretical, as orders might possibly go to 2000,or maybe slightly more. Will it go up in value? Who knows? The mintage is low, but there have been lower mintages on other coins from the Royal Mint. As regards investment potential, I agree--not a coin to buy for investment. In Britain, the Britannia design is beloved, and now it is on a Silver coin, so it will have that going for it.
I went ahead and ordered the 6 coin set, since the one ouncer had sold out. Have you received yours yet? Seems the prices are holding pretty good on ebay.
Ordered the 6 coin set which is much better value than the 1oz in the box. Love Britannias and have a good collection of Gold but RM appear to be scoring an own goal with the 2013 and 2014 coins. The 5 ounce silver is way too expensive for a 5 ounce coin even with a limited mintage. The Libertad 5 ounce per is a nice coin and even at $400 for the 2014 represent better value. The gold sets are so expensive that it is not possible to break them up and justify grading individual coins. This may change when the premium dies down.
I love the coin as well as other products from the royal mint. The quality is surely stunning. Having said that, I limit myself to the annual premium proof set since the mint tags too much premium on their gold and silver coins. Actually, there's premium too on clad coins too. Fyi: Yes, the price is reduced by ~15%ish for American customers to cancel out the VAT they put on the online UK price ;-)
Sure it might not be a good investment, as some have said. But I think we should be thinking more long term. The population will only grow here and over there, and that means more collectors. More collectors means more potential for demand. I wouldn't pay too high a premium for any of their coins, but a reasonable one seems like a good investment to me
In Britain, the Britannia design is beloved, and now it is on a Silver coin, so it will have that going for it. Not that one, I'd say.Like John Holmes, she is way over helmeted, and the design is boringly modern. Usual practice here with patient collectors is to leave buying new to the mug punters, pretty well everything turns up on the resale market within a few years, at a much lower price. I'd expect much nearer bullion value quite soon. When I go to specialist coin auctions there are usually stacks of modern stuff, available at around bullion value for the usual proofs, a bit over for piedfort proofs. There is a market for modern stuff (anything after 1970) but with over a thousand years of fairly coherent coin issuing history, moderns are a minority interest.
You are crazy if you think this design is anything by stunning. I will buy every single one offered for near melt