Latest bargain from the Royal Mint shop

[david.bordeaux 177]

The Royal Mint shop is selling a 1906 florin for... 942 pounds. Slabbed by CGS as "EF78", it looks more like a good VF from the photos (too much wear on Britannia and in the sea for it to be EF in my opinion). Even in EF, they sell for about one-third of that price. Maybe they looked at the wrong line in the catalogue and priced it as a 1905!

[azda 982]

27 minutes ago, david.bordeaux said:

The Royal Mint shop is selling a 1906 florin for... 942 pounds. Slabbed by CGS as "EF78", it looks more like a good VF from the photos (too much wear on Britannia and in the sea for it to be EF in my opinion). Even in EF, they sell for about one-third of that price. Maybe they looked at the wrong line in the catalogue and priced it as a 1905!

Or maybe they got their price from Sovereign Rarities

[VickySilver 883]

Yes, I to am appalled by their prices on "classic" and often worn coins of no real substance or value (excluding that 1819 sovereign which didn't look like diddly to me), but the profit margin is also IMHO to high on the current offerings.

[Sword 1,518]

They are asking £100 for a proof 1977 silver crown!? Around 400% profit margin when sourced from eBay?

[Peckris 2 2,194]

On 3/25/2022 at 2:19 PM, david.bordeaux said:

The Royal Mint shop is selling a 1906 florin for... 942 pounds. Slabbed by CGS as "EF78", it looks more like a good VF from the photos (too much wear on Britannia and in the sea for it to be EF in my opinion). Even in EF, they sell for about one-third of that price. Maybe they looked at the wrong line in the catalogue and priced it as a 1905!

Never mind. If you're hard up, you can always afford a 1902 Crown in F for a mere £250

https://www.royalmint.com/our-coins/ranges/historic-coins/historic-crowns/hisx160/

[copper123 1,557]

19 hours ago, Peckris 2 said:

Never mind. If you're hard up, you can always afford a 1902 Crown in F for a mere £250

https://www.royalmint.com/our-coins/ranges/historic-coins/historic-crowns/hisx160/

OMG what a retail price - it is a scarce coin but not worth much more than seventy pounds

[Bruce 194]

3 minutes ago, copper123 said:

OMG what a retail price - it is a scarce coin but not worth much more than seventy pounds

 

19 hours ago, Peckris 2 said:

Never mind. If you're hard up, you can always afford a 1902 Crown in F for a mere £250

https://www.royalmint.com/our-coins/ranges/historic-coins/historic-crowns/hisx160/

RM must be making a hefty profit from buying at 50 and selling at 250.  Maybe they are charging 200 for authentication😅.

[copper123 1,557]

1 hour ago, Bruce said:

 

RM must be making a hefty profit from buying at 50 and selling at 250.  Maybe they are charging 200 for authentication😅.

The coin has a lamination fault as well , but to be honest I would say its good fine ....

[Peckris 2 2,194]

3 hours ago, copper123 said:

The coin has a lamination fault as well , but to be honest I would say its good fine ....

They do say "minimum Fine", but no guarantee that the coin in the photo will be supplied!

[copper123 1,557]

Oh they bought a few hundred then - how many mugs do they think are out there?

They might have been better off with 1967 pennies - the amount they would have to lay out would be a lot less after all The London mint keeps on going doesn't it

[Peckris 2 2,194]

23 hours ago, copper123 said:

Oh they bought a few hundred then - how many mugs do they think are out there?

They might have been better off with 1967 pennies - the amount they would have to lay out would be a lot less after all The London mint keeps on going doesn't it

"Yours for only £19.67 - a special celebration price"

[Bruce 194]

On 3/29/2022 at 5:18 AM, Peckris 2 said:

They do say "minimum Fine", but no guarantee that the coin in the photo will be supplied!

Years ago, i have asked them for pictures of actual coin selling.  They declined to do so, and said if you think the quality is not up to standard, you can return in 7 or 14 days which i can't remember the exact days.  I think they are having below par sales standard for such a big organization.

[david.bordeaux 177]

Someone seems to have bought the 1906 florin at £942 (status has changed to "awaiting stock"). Same for this 1904 at a mere £775.

[Bruce 194]

Even though it is MS63 (unsure whether it worth that grade), it is still ridiculously steep in price.

 

[1949threepence 3,368]

7 hours ago, Bruce said:

Even though it is MS63 (unsure whether it worth that grade), it is still ridiculously steep in price.

 

100% agreed. It doesn't look MS63. It just looks a scruffy mess. As you say, ridiculously overpriced.

[blakeyboy 1,814]

With the reduction in birthrates,   there is now one born every 96 seconds...

 

Never underestimate how stupid people can be, and how led-by-the-nose.

Last month my old mate asked me why he saw so many stupid people about.

I pointed out that, all things being even, ignoring things like the  'brain 'drain' to the cities, the IQ distribution curve

is centred on 100, and for every person he knew whose IQ is 120, he will meet one whose IQ is 80.

So, for the ten or so of us in this thread, there are ten people, also into coins, who are finding the RM coins appealing.....

Edited January 8, 2023 by blakeyboy
speling

[Silverlocks 82]

On 1/8/2023 at 11:15 AM, blakeyboy said:

With the reduction in birthrates,   there is now one born every 96 seconds...

 

Never underestimate how stupid people can be, and how led-by-the-nose.

Last month my old mate asked me why he saw so many stupid people about.

I pointed out that, all things being even, ignoring things like the  'brain 'drain' to the cities, the IQ distribution curve

is centred on 100, and for every person he knew whose IQ is 120, he will meet one whose IQ is 80.

So, for the ten or so of us in this thread, there are ten people, also into coins, who are finding the RM coins appealing.....

There's a saying that goes:

Think how dumb the average person is.

Now, remember, half the people are dumber than that.

[Peckris 2 2,194]

12 hours ago, Silverlocks said:

There's a saying that goes:

Think how dumb the average person is.

Now, remember, half the people are dumber than that.

Tsk tsk - you really need to brush up on your 'averages'!!

[Silverlocks 82]

6 minutes ago, Peckris 2 said:

Tsk tsk - you really need to brush up on your 'averages'!!

The distribution isn't skewed as far as I'm aware.

[david.bordeaux 177]

Newly listed, a 1951 crown (complete with a shabby ink-stained cardboard case) for just 250 pounds plus postage. Rush before someone snaps it up!