Regarding 1:14, the thickness of the pure Silver Sovereign proof coin should be 2.56 mm whereas the 22 karat gold sovereign has a thickness of 1.52 mm. Regarding 2:50, the Silver Sovereign proof coins with the Privy Mark will have a mintage of 15,000 which is not among the 50,000 coins without the privy mark. The Silver Sovereign proof coin without the Privy Mark will cost £79.99 each. The Silver Sovereign proof coin with the Privy Mark will cost £125 each. The Privy Mark itself is a tiny shield with the year 1825 on it.
@@jadenephrite thanks for confirming, as I feared the privy mark version is even more expensive which makes it's an absolutely rip off in my opinion. Just proves the mint is only after money charging that for less than 8 grams of silver.
You're completely missing the point; this is a silver proof coin, not bullion. Buying a silver proof 50p will set you back £75, and a £82 for a £2 coin. Compare it to the gold proof sovereign - that goes for £800-900 putting a £300ish premium on it. £80 for the silver sovereign for a "first ever" is a good deal IMO, and the less people that buy it will only increase it's value on the secondary...
@@shaung75 I get that it isn't a bullion coin and is struck at the higher standard but as a comparison for metal content/value it's no where near the same as the sovereign. Yes the sovereign is very over priced but the premium/metal value you are paying about 48-50 over value where as the silver sovereign is around 1100 percent. Just my opinion but I just don't see the value in it at all.
Great video, but actual point missed. This isn't a bullion coin. Yes, this is the coin to grab some money by RM, but this is collector's coin. The very first silver Sovereign with proof finish in full package. The mintage is bit high for Limited edition, the Privy version is a gimmick to get even more money. It's value on the secondary market will behave as for any other Historical/ Royal RM editions. If you're into bullion stacking - do not buy.
@@AK.__ thank you 😊, even with it being a proof coin I still think it's a complete money grab. It did go off bullion prices for the metal content, but being a proof does not make for a twelve times mark up. It is the first coin like this but again think that is all RM marketing trying to justify the price. Hopefully people don't buy it and the mint release at a sensible price in the future, but we can keep dreaming.
@@the_islandstacker I totally agree and I understand your standpoint. But I also see what happens with coins pumped out the mints with high rate and overpriced. There are too much of them and people are really tired. But...... there are extremely rare occasions, were people are ready to overpay: recent US Peace and Morgan Dollars, few RCM offerings and historic designs by RM, including this one. Do we spend the money on item that in long term will loose the value? Most likely. But for a moment, it's not bad addition to the collection.
@the_islandstacker I've questioned the royal mint, but they couldn't give me an answer to this question. I find the limited proof version also too expensive for a 7 gramm silver coin...
@aquiestou77 the silver proof is not worth buying in my opinion at the price they are charging and I think launching a bullion silver version would take away from the sovereigns history
The 2013 £20 silver coin which has the St George & Dragon on the reverse (so the same as this new coin) sells for about £20-25. The 2013 is a BU with mintage (I think) of 250,000. So the secondary market price for the new 2025 proof silver sovereign would have to be much higher given it’s a proof, lower mintage and status as a sovereign as opposed to a £20 coin. I would like to get one of each but the price is quite prohibitive. Given the high mintage level I think it’s a safe bet to wait as particularly the non privy mark coin should be easy to source later. One question though. Is it a one year only issue?
@@coinstruck6079 but was the 2013 coin the same size as what this will be? I think at best this will be £50 in a year or so, the RRP is just way too high for what it is, it's about £6.50 worth of silver for £125 for the privy version it's never going to make money. I think they might start to do it each year but as they do with the gold version.
I will not be getting one. Agreed, as well there are plenty of bigger 1 oz bullion silver coins that have around 50,000 mintage. It simply is not that rare for the money. It is such a pity RM cannot think about their customers and offer good value. The price is well over the bullion value.
Am not a collector and don't know that much about coins yet the premium got my attention. The world appears to be getting more crazy or ridiculous as each year passes lol.
@@the_islandstacker Thanks for the response. I am more sniffing around with silver and copper industrial uses and how that may drive future prices should one wish to put some raw stock or physical to one side. Coin collecting looks terribly difficult as a discipline where you really got to know your stuff if doing it for investment purposes.
These coins are a stupid idea, to put it mildly. What will happen is that criminals will gold plate them and sell them off to the unsuspecting incautious as gold. I expect the mint knows this and could not care less.
Not paying close to 100 euros for a quarter oz of silver
@@theonlyDerp good decision
Regarding 1:14, the thickness of the pure Silver Sovereign proof coin should be 2.56 mm whereas the 22 karat gold sovereign has a thickness of 1.52 mm. Regarding 2:50, the Silver Sovereign proof coins with the Privy Mark will have a mintage of 15,000 which is not among the 50,000 coins without the privy mark. The Silver Sovereign proof coin without the Privy Mark will cost £79.99 each. The Silver Sovereign proof coin with the Privy Mark will cost £125 each. The Privy Mark itself is a tiny shield with the year 1825 on it.
@@jadenephrite thanks for confirming, as I feared the privy mark version is even more expensive which makes it's an absolutely rip off in my opinion. Just proves the mint is only after money charging that for less than 8 grams of silver.
The price of them makes my decision very easy. I will be saving my money for next years golden coloured gold sovereigns! 🍻
You're completely missing the point; this is a silver proof coin, not bullion. Buying a silver proof 50p will set you back £75, and a £82 for a £2 coin. Compare it to the gold proof sovereign - that goes for £800-900 putting a £300ish premium on it. £80 for the silver sovereign for a "first ever" is a good deal IMO, and the less people that buy it will only increase it's value on the secondary...
@@shaung75 I get that it isn't a bullion coin and is struck at the higher standard but as a comparison for metal content/value it's no where near the same as the sovereign. Yes the sovereign is very over priced but the premium/metal value you are paying about 48-50 over value where as the silver sovereign is around 1100 percent. Just my opinion but I just don't see the value in it at all.
Will be purchasing but probably waiting for secondary market for non-privy
@@MrDGoldchains I would not buy on release and wait
Great video, but actual point missed. This isn't a bullion coin. Yes, this is the coin to grab some money by RM, but this is collector's coin. The very first silver Sovereign with proof finish in full package. The mintage is bit high for Limited edition, the Privy version is a gimmick to get even more money. It's value on the secondary market will behave as for any other Historical/ Royal RM editions. If you're into bullion stacking - do not buy.
@@AK.__ thank you 😊, even with it being a proof coin I still think it's a complete money grab. It did go off bullion prices for the metal content, but being a proof does not make for a twelve times mark up. It is the first coin like this but again think that is all RM marketing trying to justify the price.
Hopefully people don't buy it and the mint release at a sensible price in the future, but we can keep dreaming.
@@the_islandstacker I totally agree and I understand your standpoint. But I also see what happens with coins pumped out the mints with high rate and overpriced. There are too much of them and people are really tired. But...... there are extremely rare occasions, were people are ready to overpay: recent US Peace and Morgan Dollars, few RCM offerings and historic designs by RM, including this one. Do we spend the money on item that in long term will loose the value? Most likely. But for a moment, it's not bad addition to the collection.
@AK.__ I get your view point as well. Just this one isn't for me.
Will there be a bullion silver sovereign, not proof and not limited? Brilliant uncirculated?
@@aquiestou77 no idea, I hope they don't but anything is possible with the mint
@the_islandstacker I've questioned the royal mint, but they couldn't give me an answer to this question. I find the limited proof version also too expensive for a 7 gramm silver coin...
@aquiestou77 the silver proof is not worth buying in my opinion at the price they are charging and I think launching a bullion silver version would take away from the sovereigns history
I agree. Let's wait and see what they'll do...
The 2013 £20 silver coin which has the St George & Dragon on the reverse (so the same as this new coin) sells for about £20-25. The 2013 is a BU with mintage (I think) of 250,000.
So the secondary market price for the new 2025 proof silver sovereign would have to be much higher given it’s a proof, lower mintage and status as a sovereign as opposed to a £20 coin.
I would like to get one of each but the price is quite prohibitive. Given the high mintage level I think it’s a safe bet to wait as particularly the non privy mark coin should be easy to source later.
One question though. Is it a one year only issue?
@@coinstruck6079 but was the 2013 coin the same size as what this will be? I think at best this will be £50 in a year or so, the RRP is just way too high for what it is, it's about £6.50 worth of silver for £125 for the privy version it's never going to make money. I think they might start to do it each year but as they do with the gold version.
@ the 2013 £20 coin diameter 27mm and weight 15.71 grams. So the 2013 does have a larger diameter.
@coinstruck6079 ok so double the metal content, I just don't see the new coin being much more even if it is a proof coin
Why would the coin be cheaper on the secondary market that makes no sense?
@@Bill-lg1xy it happens all the time, once the hype or initial launch has died down some coins don't hold their value
I just received mine today not very happy about it my coins is out of the capsule when I opened it very disappointed
@@007xrico 😯😮 sounds like some more to quality stuff from the mint! Is the coin damaged?
@the_islandstacker yes
Interesting
I will not be getting one. Agreed, as well there are plenty of bigger 1 oz bullion silver coins that have around 50,000 mintage. It simply is not that rare for the money. It is such a pity RM cannot think about their customers and offer good value. The price is well over the bullion value.
@@SouthSideFrankie totally agree
This is probably the worst value coin they've ever produced.
@@aucourant9998 definitely think so
Am not a collector and don't know that much about coins yet the premium got my attention. The world appears to be getting more crazy or ridiculous as each year passes lol.
@CATANOVA it does, all I can say is don't buy this, the premiums are astronomical
@@the_islandstacker Thanks for the response.
I am more sniffing around with silver and copper industrial uses and how that may drive future prices should one wish to put some raw stock or physical to one side.
Coin collecting looks terribly difficult as a discipline where you really got to know your stuff if doing it for investment purposes.
@CATANOVA nice, copper has been doing some strong things over the last few years. For me silver isn't going to go anywhere fast, why I stick to gold
classic Royal Mint cash grab. Greed.
These coins are a stupid idea, to put it mildly. What will happen is that criminals will gold plate them and sell them off to the unsuspecting incautious as gold. I expect the mint knows this and could not care less.
@@MichaelMatthys-p2m its crazy, I hope people don't get caught out by this