Well stated, Numi. Prime example is the 2022 Memorial proof sovereign - there's a glut of PF70's, over a 1000 at the recent NGC census. It's hammered auction prices. Coin of the Realm is rather good for picking up modern proof bargains.
I live in Australia. I have been a bullion (bars) hoarder for decades and am wanting to enter the more numismatic/coin scene. I am honestly finding the best value across the board on eBay with dealers in New York, Hong Kong, Singapore and London. I am finding the Australian market difficult and expensive. Particularly when it comes to graded and encapsulated coins. I find the auction buyers premium to be completely outrages. I have found buying English and Australian coins from a few dealers in New York and Hong Kong to be wonderful people to deal with. Courteous, advice and customer service driven, and willing to negotiate price and freight to make the sale more palatable.
Thanks for doing a video, waiting for something special from the mint, anything coming up soon, last decent purchase was 2017 gold sovereign proof 200th anniversary.
I believe the lockdown/covid period brought many new collectors to the market, with some investment banks quoting coins are one of the top investment vehicles. We now have a down turn with my expectations that the trend will reverse late 2024.
As a buyer of proof recent issues from the Royal mint in gold I'm shocked at the price hikes they have forced on collectors/ investors and the prolific new issues of moderate quality design and interest. I'm stopping and thinking whether to continue buying new issues from the mint or probably buying these gold coinsclater at auction where I think they will be buy able at a better price
The RM are churning out as much as they can but ignoring the quality issues they have.All about the numbers. Disappointing. Prefer to buy on the secondary market after most of the coins have taken a financial hit at retail.
When buyers take an active interest in the gold market and price spikes to highs is normally and indication of a failing currency backing that country or economy. The UK is a classic example as GDP is loosing purchasing power. People will buy at all time highs as it's away of protecting themselves from these troubles.
Totally agree let's break the mould and let the collectors and dealers and let the royal mint and some of the commercial bullion dealers stretch their strength and warn people about some companies that offer so called fantastic collectible coins at frightening High prices trapping people in a no win future profit
I've been semi collecting coins on and off for years, but just junk really or what I find metal detecting. However, this last week I started a new plan split into two versions. The first version in personal interest coins. Last week I bought my first gold coin, a 1/10 2023 Britannia of QE from the RM. I don't believe it's worth anything near what I paid for it, but I wanted the coin as it's the last version with QE on it. I probably won't ever sell it until forced due to old age. I may buy other interesting coins like hammered medieval silver, roman or Celtic at a high premiums simply because I like them. The second version of the plan is the "pot luck" buying of "best value" gold bullion sovereigns and Britannia's whenever the price of gold occasionally dips. I'm taking the stance that what is not so valued as numismatic today might well be in some years. If that doesn't happen then I get to have some still nice looking coins and I can always sell them with maybe even a profit on the bullion value.
People will still buy coins regardless of the silver and gold spot prices. For most people they will wait until spot falls and buy as cheap as they can
Cooking breakfast and not feeling particularly insightful with respect to comments, so just helping le algorithm. Certainly though the price of retail royal Mint proofs has to pull back, if they want to sustain a market for them, let alone see growth .
My silver proof definitive set is being delivered tomorrow and i cant wait to see them, some great designs that will surely cause a bit of excitement when the general public become aware of them and start getting them in their change (well when they are not tapping their nonsense debt cards for every minor purchases, oh and dont get me moaning about the phone app tapping goons, waiting for them to log in and try to remember their passwords and go through a dozen cards until they find one that still has credit available lol) Sorry what was i saying, oh yea the definitive coins are very nice designs, i hope RM play with the formula over time, they could have limited alternative designs such as a hedgehog penny or a swan 20p and play with the bee designs on the £1 and different fish on the 50p, much nicer than a boring old shield.
As a non-gold Gillick collector at the moment I am seeing a light bubble in high quality BU bronze, brass and CuNi coin prices but nowhere near the bubble size as the high quality BU sovereign prices. Gold coin collectors tend to have deeper pockets or greater access to credit than someone such as myself. The bubble will burst probably late 2024, early 2025, I think.
Numi don’t want you getting bargains or buying coins that already slabbed as he only promotes royal mint modern coins as he hopes you use him to grade them he his a salesman on commission you won’t learn nothing listen to this rubbish bond coins are over priced and already crashed last time
I miss this kind of Numi videos-like the old days. Thanks for sharing Mr. Numi
Will make more of them
Some splendid coins in this video!
Thanks for sharing very informative
Interested to know more about buying via auctions
Well stated, Numi. Prime example is the 2022 Memorial proof sovereign - there's a glut of PF70's, over a 1000 at the recent NGC census. It's hammered auction prices. Coin of the Realm is rather good for picking up modern proof bargains.
Keep bargain hunting as that is the best way to build a collection
I'm fairly new (6 months) to this, so your thoughts on Sovereigns are a great help.
Thank you for doing this 👍
Fantastic video thanks
Thanks for the insight.
My pleasure!
I live in Australia. I have been a bullion (bars) hoarder for decades and am wanting to enter the more numismatic/coin scene. I am honestly finding the best value across the board on eBay with dealers in New York, Hong Kong, Singapore and London. I am finding the Australian market difficult and expensive. Particularly when it comes to graded and encapsulated coins. I find the auction buyers premium to be completely outrages. I have found buying English and Australian coins from a few dealers in New York and Hong Kong to be wonderful people to deal with. Courteous, advice and customer service driven, and willing to negotiate price and freight to make the sale more palatable.
What do you think about the new 007 collection from Royal Mint, can’t see mintages
Thanks for doing a video, waiting for something special from the mint, anything coming up soon, last decent purchase was 2017 gold sovereign proof 200th anniversary.
I believe the lockdown/covid period brought many new collectors to the market, with some investment banks quoting coins are one of the top investment vehicles. We now have a down turn with my expectations that the trend will reverse late 2024.
hey numi, looking for some advice, do you reckon you could give me an estimate on how much would you pay for an 1884m shield in ms62
As a buyer of proof recent issues from the Royal mint in gold I'm shocked at the price hikes they have forced on collectors/ investors and the prolific new issues of moderate quality design and interest. I'm stopping and thinking whether to continue buying new issues from the mint or probably buying these gold coinsclater at auction where I think they will be buy able at a better price
The premiums and mintages DO need a firm review
@@Numistacker totally agree
The RM are churning out as much as they can but ignoring the quality issues they have.All about the numbers. Disappointing.
Prefer to buy on the secondary market after most of the coins have taken a financial hit at retail.
When buyers take an active interest in the gold market and price spikes to highs is normally and indication of a failing currency backing that country or economy. The UK is a classic example as GDP is loosing purchasing power. People will buy at all time highs as it's away of protecting themselves from these troubles.
Any chance you could define what a rare coin is?
Totally agree let's break the mould and let the collectors and dealers and let the royal mint and some of the commercial bullion dealers stretch their strength and warn people about some companies that offer so called fantastic collectible coins at frightening High prices trapping people in a no win future profit
I've been semi collecting coins on and off for years, but just junk really or what I find metal detecting. However, this last week I started a new plan split into two versions.
The first version in personal interest coins. Last week I bought my first gold coin, a 1/10 2023 Britannia of QE from the RM. I don't believe it's worth anything near what I paid for it, but I wanted the coin as it's the last version with QE on it. I probably won't ever sell it until forced due to old age. I may buy other interesting coins like hammered medieval silver, roman or Celtic at a high premiums simply because I like them.
The second version of the plan is the "pot luck" buying of "best value" gold bullion sovereigns and Britannia's whenever the price of gold occasionally dips. I'm taking the stance that what is not so valued as numismatic today might well be in some years. If that doesn't happen then I get to have some still nice looking coins and I can always sell them with maybe even a profit on the bullion value.
I planted rose number [97] in your garden. Don't forget to pay me a visit!
People will still buy coins regardless of the silver and gold spot prices. For most people they will wait until spot falls and buy as cheap as they can
Cooking breakfast and not feeling particularly insightful with respect to comments, so just helping le algorithm. Certainly though the price of retail royal Mint proofs has to pull back, if they want to sustain a market for them, let alone see growth .
It’s appreciated
My silver proof definitive set is being delivered tomorrow and i cant wait to see them, some great designs that will surely cause a bit of excitement when the general public become aware of them and start getting them in their change (well when they are not tapping their nonsense debt cards for every minor purchases, oh and dont get me moaning about the phone app tapping goons, waiting for them to log in and try to remember their passwords and go through a dozen cards until they find one that still has credit available lol)
Sorry what was i saying, oh yea the definitive coins are very nice designs, i hope RM play with the formula over time, they could have limited alternative designs such as a hedgehog penny or a swan 20p and play with the bee designs on the £1 and different fish on the 50p, much nicer than a boring old shield.
The new definitives are very nice I will be trying to pick up one or two gold ones over time
Error warn the royal mint oops
As a non-gold Gillick collector at the moment I am seeing a light bubble in high quality BU bronze, brass and CuNi coin prices but nowhere near the bubble size as the high quality BU sovereign prices. Gold coin collectors tend to have deeper pockets or greater access to credit than someone such as myself.
The bubble will burst probably late 2024, early 2025, I think.
Numi don’t want you getting bargains or buying coins that already slabbed as he only promotes royal mint modern coins as he hopes you use him to grade them he his a salesman on commission you won’t learn nothing listen to this rubbish bond coins are over priced and already crashed last time