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<p>[QUOTE=&quot;Copper Head, post: 1361869, member: 26489&quot;]The Independent</p><p>Dalya Alberge</p><p>January 25, 2012</p><p><br /></p><p>The Royal Mint is being accused of exploiting the general public with overpriced commemorative coins that have minimal investment value.</p><p><br /></p><p>After 38 years as a Royal Mint agent, a leading numismatic dealer with 57 years in the business, is now refusing to trade in any more of its coins because he believes the market has been devalued by the vast numbers of issues and exorbitant prices.</p><p><br /></p><p>Richard Lobel – the UK&#039;s biggest dealer in the secondary market for Royal Mint coins – condemns what he sees as the exploitation of people who pay up to four-figure sums for what they assume are valuable keepsakes.</p><p><br /></p><p>He said that coins celebrating the 2012 Olympics and the Queen&#039;s Diamond Jubilee are among issues that are worth far less than the prices paid. The resale value of most non-gold coins is under 50 per cent of the original price.</p><p><br /></p><p><a href="http://www.independent.co.uk/news/uk/home-news/mint-accused-of-making-a-mint-from-overpriced-souvenir-coins-6294131.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.independent.co.uk/news/uk/home-news/mint-accused-of-making-a-mint-from-overpriced-souvenir-coins-6294131.html" rel="nofollow">Story</a>[/QUOTE]</p><p><br /></p>

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