Why I've stopped buying from The Royal Mint.
ฝัง
- เผยแพร่เมื่อ 16 ก.ย. 2023
- The Royal Mint is no doubt one of if not the most popular Bullion Dealers in the United Kingdom. It is also globally renowned around the world making it very easy to liquidate your Precious Metals & Bullion Stack.
However, having said that! The Royal Mint have a serious issue with their Milk spotting and Cloudiness on some of their Silver Bullion - more specifically 1 ounce Silver Britannia's. For this reason, I have decided to stop buying Silver Bullion from The Royal Mint.
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Aw mate I'm so done with the milk spotting 🤦 absolutely love the setup buddy 👌 amazing news can't wait for that buddy 🔥
Thanks Buddy! Glad you agree too 😃
@@thetruth9210 that’s so annoying! Especially when they’ve been left untouched. Very irritating!
It is such a shame, because Britannias are gorgeous ! But Milk Spotting is unexcusable and I am boycotting them until they change like Canadian Mint did
I already have boycotted them for exactly that purpose! I buy my bullion coins from Australia ,South Africa and Canada now!
@thetruth9210 I have a Canadian special silver coin from 1977 and it has no milk spotting upon it.
Great video and very exciting update mate!
Thankyou mate! I aim to get it out for members this week.
Me too. Milk spots on my Chuck Britannias within a month of getting them made up my mind. I was planning to give the historic set of three silver Britannias issued in the same year as Christmas presents. After spots showed up on them I dropped them all in a tube and bought American Silver Eagles for presents.
I can understand your reasons Tom. The milkspot's are annoying for sure.
Great video, love those coins. No milk spots on any of the ones I hold in storage, as yet. Any advice where to get hold of HM Queen Elizabeth II silver Britannias?
That’s great. I’m happy you’re have no milkspots!
Yes, try Tavex Bullion.
Use my discount code on selected Bullion.
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been almost a year have they gotten any better ?
Just purchased 25 1oz silver Britannia's, examined all of them, not one milk spot on any of them, excellent condition.
That’s amazing! Brilliant Purchase!
Give it time.
Very true FI I haven't been buying any silver from the Royal Mint since I received that letter from them regarding " Milk Spotting", they're putting some hefty percentages as well as the 20% VAT on their silver products that are not fair for inferior silver bullion coins!
Well said John! Yes, it’s a shame!
I have stop myself getting anymore from the RM but it's more for those commerative Proof coins like the Tudor Beast series. There were stretches and blemish even after replacing. Just my luck 6 out of 6 purchases...omg! Once or twice are call lapse but 6 is negligence or simply indifference.
Its gold and 24 and just clean the coin. Gold is gold. Patterns are vanity gold is sanity. Stop worries about milk. Worry more that they charge too much
8:07
It's a shame because all they have to do is to wash the coins with filtered water thoroughly before the annealing process.
Last year I had to send a double sovereign back to them twice! Due to awful quality control. Ended up settling on a refund.
Wow! That's a shame! I'm glad you managed to get a refund Aidan!
I have noticed that any re-capsuled coins from the RM are getting milk spots. Yesterday I took them all out and everything is back in tubes. Not a single blemish on my Maples.
Good info. My maple is so clean. Dare I say it looks better then the Brits! Love the FI Icon Sy! 🔥
All my Brits are milky except 10x 2019 OB's that came in capsules. Stick with gold, silver is tat
Gold is much nicer as it’s a better investment and doesn’t tarnish.
wow i didnt know the inserts make the milk spoting worse ...thought they protected that type of thing
Well I’m not suggesting they do but I ask the question because I’m not sure if it does not help or not.
Mate same I had a goal.. I purchased two brittania tubes to fill but now super put off as I hate milk spots!
I know how you feel. I'm only buying a tiny bit more Silver then I'm done. Then on it'll be Gold only for me.
@FutureInvestmentsBullion Ay fair play mate. Anything in particular in terms of the gold? I'll be buying gold and silver moving forward
@FutureInvestmentsBullion I know you like britannias for the capital gains tax. But are we really worried about maybe paying tax if you know what I mean
I totally agree with you and have complained to the RM a number of occasion. I started also buying from other dealers. The only thing good thing about the RM is they send out Free returns labels to exchanged damaged coins.
I now only buy from the royal mint if l can’t find the coin at a dealers. I think everyone should stop buying from them where possible and then only then they might resolve this ongoing issue. Maples are superior quality and l think regardless of what country the metals come from they should all be CFT free. We are basically pushed into a corner to buy coins that are of poor quality. And yes they will fetch much lower price when you come to try to sell them. 100% l have seen these damaged coins at dealers for much cheaper price.
Very true. I agree with you completely. Only a few more Britannia coins for me then I’m stopping!
Milk spots can be avoided or reduced, with silica gel and tarnish strips. i suffer very little from it in my silver thats up to 10 years old. For pure bullion milk spotting is irrelevant although it is an isssue for more desirable pieces though . You are free to buy what you wish but RM coins are the only coins that are CGT exempt so from a purely finanacial /investment perspective they are the only choice. CGT allowances are dropping yearly , and many economists believe cgt should be raised to the same level as income tax.
I do use Silica Gel now and hopefully it’ll help.
I am no longer buying Silver Britannias... I prefer Austria Philarmonics ...
I can understand that. I like the Canadian maples!
I keep my Britannia in tubes exactly how i bought them. They are all milk spot free! I hope i didn't just jinx myself lol.
That’s really interesting! It does make me wonder what accelerates the cycle of milkspotting!
@FutureInvestmentsBullion maybe humidity. All my metals are in a safe with moisture controle that i upkeep regularly.
I have also stopped.
I personally don't mind milk spotting as I am planning to not buy them as a display piece but as an investment so all I care is the silver Britannia's purity and weight.
Good point. This is true.
What about the Perth Mint?
They’re producing awesome products at the moment like Dragon Bars.
Gold doesn't tarnish.
Correct.
I will buy all your Brit's off you if you don't like them. (Hehe) Cool film F.I. 👍🏴
Haha! I’ll remember that for when the time comes buddy! 😂
£15 an oz😉
Never had any issues personally
That’s great. May it continue!
But you thought you would give it a go
Indeed
Yeh the RM silver bars are ok and the gold, the silver coins nope
Agree 100%
Wow! that looks rough..
I know, it’s rather disappointing.
I’m beginning to wonder if this was on purpose…. Slow down those stackers
How do you mean? :)
Buy proof coins if your a coin collector rather than a stacker. Why are you collecting bullion coins struck to the lowest standard the royal mint produces? They are not intended for collectors they are stacker coins.
That said, proof coins will also milk spot if you dont store them in the correct environment. Perhaps you need to re think where you are storing these coins, a room with good air flow is best.
Your only other option is gold, please guys do remember the physics of nature, silver is one of the most reactive metals on the planet. And its value has been artificially suppressed for decades, meaning that now is a really good time to stack up!
Very true. I stack bullion for weight. Not for collecting. I’ll be moving and staying on Gold only soon.
It's very annoying. Fair play
It certainly is! That’s while I’ll be buying bars then moving onto gold.
i just bought 50 oz of this uk mint damnit...
Hopefully your be fine!
Like #27 🍿
Like you, I'm done with Royal Mint. Countless Queen's Beast's and the last 2 gothic crowns ruined.
One developed milk spots everywhere and the other began showing signs of a chemical reaction in the slab of a PF70.
6 months on from the coronation of Charles and I was still waiting for a Silver 2oz £5.
Tbh, that was the last straw. I sent 2 coins from the same series back to them and told them to forget it.
Never again will I buy another coin from them.
I'm sticking to Germania Mint now.
I want quality and the Royal Mint have become incredibly lazy, with pugnacious staff who act like they're royalty themselves.
I totally understand that. The milkspotting is infuriating. That’s partially why I’ve also back onto Gold.
Buy Bitcoin it's a better investment anyway
Oh. I don’t know enough about Bitcoin to invest!
£19 per ounce !
Wow thats precious. Lol😂😂