Brand New Royal Mint Official London 2012 Gold Proof £5 Coin!

[David_D 0]

Hi,

I am new to this forum so I hope I am doing this right.

I am selling a Brand New Royal Mint Official London 2012 Gold Proof £5 Coin. It comes in the box with the case.

This retails at £2,880. I am in need of cash and am therefore selling it for £2000.

If you're interested please message me.

Thanks,

David

[TomGoodheart 403]

Ouch. To be honest David, you might be better off with trying ebay. I know there are fees to pay there, but you have to bear in mind the Royal Mint put a large mark up on all their products.

In this case, while what you have looks like a coin, it's more of a collectable and I suspect not so appealing to people who collect the sorts of coins that were made to be spent.

Plus if you were selling a 22ct gold bar of this weight, the melt value of the gold is a bit under £1200. Rather less than you (or the RM) are asking ...

[David_D 0]

Ok. Yeah I understand now. Thanks for your advice.

[Peckris 579]

Ok. Yeah I understand now. Thanks for your advice.

Just a word in your shell like ... if you really want and like those modern commemorative issues, you can pick them up for maximum half their original issue price at many an auction house. It's how I managed to snaffle all the proof sets between 1970 and 1993 at around half book price. (I thought I was such a clever boy at the time, but it was the "law of the secondary market" coming into effect - no-one there would have bid any higher to be honest.)

[TomGoodheart 403]

Ok. Yeah I understand now. Thanks for your advice.

I feel bad now. Sorry.

[David_D 0]

No that's completely fine. I didn't actually purchase it. It was a gift. Do you reckon I can sell it for £1000?

[TomGoodheart 403]

No that's completely fine. I didn't actually purchase it. It was a gift. Do you reckon I can sell it for £1000?

Dealers seem to be selling earlier years for around £1300, so I'd say it would be snapped up at that, given it's below the current bullion value! But you might get lucky on ebay and get more.

Also there are a number of online gold dealers you could also try. I've not used this one, but the prices are reasonable and I seem to remember another member here mentioned them so you could get a bit more: 39.94g of 22ct gold That's where I got the melt value I mentioned above.