gold one pound coin

[Guest Steve]

hi, I'm thinking of buying a 22 ct one pound coin from the Royal mint, proof, 19.619g, Forth bridge on reverse. Price £345 production run 5000 pieces. Does anyone think this is a good investment which could become collectable in the future or is this something of the type brought out frequently by the mint and of no interest to serious collectors.

[Emperor Oli 0]

It should be a good investment but you may want to do some research (and I'm sure some other forum members can help) on the largest price gaining section of British coins. This may be gold, but it could, for instance, be half crowns of George IV. If this turns up rubbish, and still says gold is the best investment (which it probably is long-term), you may want to consider an older piece - not one of the new designs which I personally think are hideous.

[Half Penny Jon 0]

you may want to consider an older piece - not one of the new designs which I personally think are hideous.

They make William Wyon turn in his grave!

[Sylvester 15]

Hmm my advice here is a mixed one...

Firstly new gold proof coins will always have their gold value and some limited collector value, but you'd have to buy it at a good price to make anything on it. But the low mintage is a very good thing, look at 1989 gold coins those things are probably the best modern gold coin to go for, if you can get a 1989 gold sovereign with Queen enthroned you can be sure it will go up in value sooner or later, many people buy them cos it was a one of design, many more buy them because it's the cheap alternative to a hammered gold sovereign.

But i would advise that older gold is better because it keeps it's gold value the same but as well as this it will hold it's collector value whereas modern stuff is mostly on the whim of gold (in the current market) in 60 or so years who knows people may view them the same as we view 1930s stuff now.

If you think about older gold i would suggest the 1937 proof gold sovereign... that my friend is one coin that i think it's safe to say will at the very least hold it's value and quite probably increase given time too.

[Guest Steve]

Thanks everyone, if I do buy I think I will take your advice and get older more classic coins.I have only recently become interested in coins and have bought a few cheap old pennies( Henry III, George III etc )as it is really the sense of history which interests me rather than the value. I also agree that the modern design on the gold pound is not very engaging and lacks the beauty of earlier coins I have seen. Anyway thanks again, this site is really useful to novices like me and I congratulate you on its design and ease of use.

[Sylvester 15]

Thanks everyone, if I do buy I think I will take your advice and get older more classic coins.I have only recently become interested in coins and have bought a few cheap old pennies( Henry III, George III etc )as it is really the sense of history which interests me rather than the value.

I'm hearing yer!

Increasingly i'm finding myself drawn towards the hammered coins purely because of the history. I don't usually buy coins on attractiveness as such but usually on their history connection.

I mean i don't particularly find Henry III pennies attractive as such, what with the portrait being made up of dots more or less and quite often very crude, but the history from them is something else!

[Chris Perkins 228]

5000 is not a small issue at all. The only thing that will make that modern coin worth more in the future is if there are more than 5000 people that can afford one, and want one. Bearing in mind the ridulous almost monthly commemorative coins that the RM produce to choose from, that's probably unlikely for many years.