Commemorative Coins - On Sky
Commemorative Coins - On Sky
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sbk1972

Original Poster:

1,042 posts

105 months

Wednesday 26th June 2019
quotequote all

Noticed a few of these gold coin adverts today. wondering if anyone ever buys these things ? £99.99 for a gold coin, only 4999 being made. £100 ?? Is the gold in the coin worth that ? Have any coins from the past risen in value ?

Seems a waste of money to me.

Dave Hedgehog

16,331 posts

233 months

Wednesday 26th June 2019
quotequote all
there is at least £1 of gold in each coin smile

TheRainMaker

7,882 posts

271 months

Wednesday 26th June 2019
quotequote all
Total con imo.

Work out the weight of the gold you will be paying way over the odds.


TheRainMaker

7,882 posts

271 months

Wednesday 26th June 2019
quotequote all
sbk1972 said:
Have any coins from the past risen in value?
Some can, have a look at the silver forum, loads of info on there.

https://thesilverforum.com/


bluezedd

1,286 posts

111 months

Wednesday 26th June 2019
quotequote all
This kind of advert is pretty much ALWAYS an absolute rip off. I saw the gold coin advert you are referring to, and I believe they said the weight was roughly 1 gram. For context, you can buy a 4 gram half soverign for £140, so to pay £99 for 1 gram is a total rip off:

https://www.royalmintbullion.com/Products/Sovereig...

If you want a gold coin for much closer to its actual value, I'd recommend buying from the royal mint.

BTW this is roughly the size of the coin from that TV ad you saw:

https://i.ytimg.com/vi/1ydsdSpzQAc/hqdefault.jpg

The royal mint is not to be confused with bullst companies like "the london mint office" and "the bradford exchange". These companies intentionally try to decieve with their name (especially the london mint office) and generally sell overpriced crap.

Another example of a rip off I saw was a company selling 6 1oz silver bullion coins. These would be bought for roughly £120 including VAT. Because they were in a presentation box and trying to take advantage of people not-in-the-know, they were selling them for £600! (EDIT: it's actually 7 bullion rounds so £140 worth including VAT).

They also sell series of collection coins which may be silver plated and worth pretty much nothing. They also do this thing where the price of the next coin is more than the previous, and if you want to complete the collection then it costs silly money for something that is worth nothing. It normally takes advantages of certain old people.

Look at this bullst!

https://www.bradford.co.uk/magnificent-seven-silve...

and for context:

https://www.royalmintbullion.com/Products/Britanni...

£17.34 including VAT for 1oz of silver bullion round.

Edited by bluezedd on Wednesday 26th June 14:03

TheRainMaker

7,882 posts

271 months

Wednesday 26th June 2019
quotequote all
bluezedd said:
WOW that is one expensive box.


bluezedd

1,286 posts

111 months

Wednesday 26th June 2019
quotequote all
TheRainMaker said:
WOW that is one expensive box.
Yeah it's pretty crazy how much they charge for that, even offering 4 payments of £150. I just imagine old ladies phoning up and spending their pension on that crap thinking it's going to be a good investment or something. frown

austinsmirk

5,597 posts

152 months

Wednesday 26th June 2019
quotequote all
there was a guy on one of these pawn broker CH4 programmes a year or so ago.

had I think his dead fathers collection of 100's of these boxed coins. thought they'd be worth far more as such- they were worth literally face value and had risen not one bit. sold in their 1000's, not rare, obviously 1000's about in good condition. hardly like flogging a 17th C sovereign as a poorly ref'd example.

bristolbaron

5,376 posts

241 months

Wednesday 26th June 2019
quotequote all
[quote=
If you want a gold coin for much closer to its actual value, I'd recommend buying from the royal mint.

[/quote]

I’d recommend a visit to the Royal Mint, it’s a good day out! My kids were possibly a little young to understand everything, (3&4) but the youngest can’t wait to go back to “coinland”!

.:ian:.

3,085 posts

232 months

Wednesday 26th June 2019
quotequote all
TheRainMaker said:
WOW that is one expensive box.
No mention of 'heirloom quality', I'm dissapointed!

eldar

25,274 posts

225 months

Wednesday 26th June 2019
quotequote all
.:ian:. said:
No mention of 'heirloom quality', I'm dissapointed!
Or a picture of Princess Diana...

judas

6,236 posts

288 months

Wednesday 26th June 2019
quotequote all
Forget that tat, here's where to get your real deal heirloom collectibles: http://viz.co.uk/category/hairloom-collectables/

ReaperCushions

7,540 posts

213 months

Wednesday 26th June 2019
quotequote all
Yet another industry designed to rip off the vulnerable and hard of thinking alike.

Its exactly the sort of thing my Grandparents would be sucked into. Thinking they were investing for the future and buying something that could be passed down in their will.

Tyre Tread

10,678 posts

245 months

Tuesday 14th April 2020
quotequote all
I see Sir Tony Robinson is now advertising for London Mint Office.

I wonder if he knows how they operate. I worked for them for a short while and walked away for reasons of conscience. Make of that what you will.

whitesocks

1,006 posts

75 months

Friday 24th July 2020
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Tyre Tread said:
I see Sir Tony Robinson is now advertising for London Mint Office.

I wonder if he knows how they operate. I worked for them for a short while and walked away for reasons of conscience. Make of that what you will.
You have piqued my interest now. Any stories?

languagetimothy

1,779 posts

191 months

Friday 24th July 2020
quotequote all
Tyre Tread said:
I see Sir Tony Robinson is now advertising for London Mint Office.

I wonder if he knows how they operate. I worked for them for a short while and walked away for reasons of conscience. Make of that what you will.
Perhaps he sees it as a coining plan?


I'll get my coat


Tyre Tread

10,678 posts

245 months

Friday 24th July 2020
quotequote all
whitesocks said:
You have piqued my interest now. Any stories?
Erm, many, but I have to be careful as they are extremely litigious to protect their "image".

Let's just say their marketing and demographic targeting may not always be seen in the best of lights by the organisations which oversee and regulate such businesses.

They are one letter short of a coin IMO.

eldar

25,274 posts

225 months

Friday 24th July 2020
quotequote all
There was a crime documentary a couple of years ago covering a murder. Part of the motive was a collection of commemorative and limited edition 50p coins, assumed to be worth a fortune, rather than the actual 50p.

https://www.bbc.co.uk/news/uk-england-essex-477066...