Gothic Crown for sale on the Royal Mint website

[Lee_GVI 7]

https://www.royalmint.com/our-coins/ranges/historic-coins/victoria-and-the-victorian-era/victoria-gothic-crown-1847/

 

I did not expect this coin to appear on the Royal Mint website. It's still probably overpriced like the majority of their stuff though.

[ozjohn 631]

My Spink CofE 2016 catalogs an 1847 Gothic crown at EF GBP 3000. I guess it's overpriced but still a nice coins with a few minor edge knocks.

[Paulus 1,975]

I bet the one you get isn't the one in the pics

[Lee_GVI 7]

I think so as well.

[azda 979]

They are doing the draw tonight live on YT for the 1819 Sovereign. Link here 

 

Edited July 12, 2019 by azda

[azda 979]

6 hours ago, Lee_GVI said:

https://www.royalmint.com/our-coins/ranges/historic-coins/victoria-and-the-victorian-era/victoria-gothic-crown-1847/

 

I did not expect this coin to appear on the Royal Mint website. It's still probably overpriced like the majority of their stuff though.

They have teamed up with sovereign rarities, somehow something doesn’t feel right about the RM becoming a mint and coin dealer at the same time, this cuts out the middleman.

[Colin88 54]

Surprisingly for the RM this doesn’t seem too far off the right price .. nice coin.

But I agree , the relationship between them and Sovereign rareties doesn’t sit right at all 

 

 

[oldcopper 286]

There's observable wear on the hair and lions, and it may be artificially toned and/or rubbed in front of the Queen's face. So it's not perfect and £5K seems quite a high price.

It's a bit of a cop out for the RM not to even assign a grade if they're expecting someone to cough up 5K.

[Lee_GVI 7]

1 hour ago, azda said:

They have teamed up with sovereign rarities, somehow something doesn’t feel right about the RM becoming a mint and coin dealer at the same time, this cuts out the middleman.

They did not cut out the middleman they become the middleman themselves, a very expensive one as well.

Edited July 12, 2019 by Lee_GVI

[azda 979]

Just now, Lee_GVI said:

They did not cut out the middleman they become the middleman themselves, a very expensive one as well.

That is what i’m referring to, this is the obvious reason they bought into sovereign rarities. Strangling the collector for even more money. SR are also expensive 

[Colin88 54]

SR and RM ( who really until this link up are just a marketing company ) are both at the top end of expensive .. so combined it will be doubly expensive ... 

[brg5658 111]

On the Gothic Crown, why so many edge knocks?  I'd find a nicer one than that for that kind of money.

JMO. 

 

[Sword 1,443]

"and it remains one of the most beautiful and rarest coins in the world."

Many collectors would consider that statement a misrepresentation. 

5 hours ago, Colin88 said:

SR and RM ( who really until this link up are just a marketing company ) are both at the top end of expensive .. so combined it will be doubly expensive ... 

"Piedfort" commission 🙂 

[rpeddie 119]

Higher or lower grade?

AU55

 

[Peckris 2 2,119]

29 minutes ago, rpeddie said:

Higher or lower grade?

AU55

 

Interesting - the example shown on the RM website appears to be Heritage LOT #31238.

[Peter 615]

The RM didn't team up with SR......but Marleybob.

[Diaconis 707]

I added one to basket and the RM will add  a Peter Rabbit BU 50p free of charge. Don’t all rush at once.

[copper123 1,463]

Anyone think its a conflict of interest when a company that makes coins also makes money from selling them !

[Colin88 54]

Not really a conflict of interest .. it’s just that the 2 most expensive coin companies have teamed up together .. although personally I always referred to the RM as a marketing company not a coin company.

I also have to exclude Westminster, London , Harrington and Byrne and Coincraft who are also  on the strong side of pricing but must have a customer base happy to pay as they are still going strong.

So who’s to say who’s right or wrong particularly if it ultimately gives pleasure to the buyer? 

[brg5658 111]

On 7/14/2019 at 5:03 AM, copper123 said:

Anyone think its a conflict of interest when a company that makes coins also makes money from selling them !

Huh? 

Doesn't every business that makes things also make money from selling those things?  Isn't that the definition of a business?  Provide a service (or item) and get paid for it?  If they didn't make money, why would they continue to make things?

🤔

[VickySilver 826]

Would it bother you if the US Mint were to begin trading in the classics, buying and selling in competition with other dealers? I guess we could make all the National Mints participate in the primary and secondary markets, manipulate it as they please with the backing of their governments. I would rather them stick to their own business of minting coins, and go ahead and make their monies from that enterprise.

[Diaconis 707]

Diversification in readiness for a cashless society. They will have some good stock to peddle.

[Peckris 2 2,119]

On 14 July 2019 at 11:32 AM, Colin88 said:

So who’s to say who’s right or wrong particularly if it ultimately gives pleasure to the buyer? 

Pleasure to the buyer may be followed at some unspecified point by huge disappointment when what they thought was also an investment produces a big loss. So I would suggest that "rip off" is wrong.

[brg5658 111]

On 7/15/2019 at 2:52 PM, VickySilver said:

Would it bother you if the US Mint were to begin trading in the classics, buying and selling in competition with other dealers? I guess we could make all the National Mints participate in the primary and secondary markets, manipulate it as they please with the backing of their governments. I would rather them stick to their own business of minting coins, and go ahead and make their monies from that enterprise.

Why would it bother me?  No one is being forced to buy this garbage at inflated prices.