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Trial of the Pyx coin sale … words of caution
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<p>[QUOTE="calcol, post: 24903909, member: 77639"]Trial of the Pyx is a quality control assessment of Royal Mint products. It’s held annually by the government with characteristic British pomp and ceremony. Several thousand coins are handled by committee members for inspection, and some are subjected to metallic assay. The coins are circulation and commemorative issues and include some patterns. “Pyx” is an old word referring to wooden boxes that hold coins.</p><p><br /></p><p>This year Stack’s Bowers is auctioning many of the Pyx coins. The auctioned coins are in NGC holders. However, they are graded only as “uncirculated” with no numbers. If you look at videos of committee members handling the coins, you’ll understand why. The members wear gloves but that’s it for truly careful handling. Makes me cringe to see them chucking newly minted coins into sorting bowls.</p><p><br /></p><p>So, if you’re interested, look at the coins really closely. Many have lots of nicks and dings. Some are near prefect. Some may be really good buys for their condition. Most of them will only be rare by way of the NGC slab that states they’re Pyx coins. If you crack them out, they’ll be indistinguishable from others of their type.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 24903909, member: 77639"]Trial of the Pyx is a quality control assessment of Royal Mint products. It’s held annually by the government with characteristic British pomp and ceremony. Several thousand coins are handled by committee members for inspection, and some are subjected to metallic assay. The coins are circulation and commemorative issues and include some patterns. “Pyx” is an old word referring to wooden boxes that hold coins. This year Stack’s Bowers is auctioning many of the Pyx coins. The auctioned coins are in NGC holders. However, they are graded only as “uncirculated” with no numbers. If you look at videos of committee members handling the coins, you’ll understand why. The members wear gloves but that’s it for truly careful handling. Makes me cringe to see them chucking newly minted coins into sorting bowls. So, if you’re interested, look at the coins really closely. Many have lots of nicks and dings. Some are near prefect. Some may be really good buys for their condition. Most of them will only be rare by way of the NGC slab that states they’re Pyx coins. If you crack them out, they’ll be indistinguishable from others of their type. Cal[/QUOTE]
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Trial of the Pyx coin sale … words of caution
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