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I am thinking of buying one of these for a friend's newborn:
http://www.royalmint.com/shop/lunar_year_of_the_horse_2014_uk_five_ounce_silver_proof_coin
Lunar Year of the Horse 2014 UK Five-Ounce Silver Proof Coin
£395.00
Traditional Chinese-inspired design and packaging
The first UK legal tender Lunar coins by The Royal Mint
A full five ounces of our finest 999 silver
But do silver coins tarnish or are they coated with something to prevent this? Will it just be a disc of black grime by the time he is old enough to swap it with one of his schoolchums for a Panini album?
http://www.royalmint.com/shop/lunar_year_of_the_horse_2014_uk_five_ounce_silver_proof_coin
Lunar Year of the Horse 2014 UK Five-Ounce Silver Proof Coin
£395.00
Traditional Chinese-inspired design and packaging
The first UK legal tender Lunar coins by The Royal Mint
A full five ounces of our finest 999 silver
But do silver coins tarnish or are they coated with something to prevent this? Will it just be a disc of black grime by the time he is old enough to swap it with one of his schoolchums for a Panini album?
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Replies: 33
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daddies sauce
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ram, are you being serious, i'd imagine not but just checking?
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why not buy him the royal mint £20 coin for 2014
its silver and costs £20 you cant lose, except for inflation of course last years coin goes for 25-30 quid these days as it sold out you could buy him one every year for 10 years and it'll cost only £200 then he can get as many paninis as he likes |
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They should come in a capsule which protects them and probably also in a case.
I have one from 1974 which still looks perfect and a few 1992 and 1994 proof coins which are also perfect. You need to avoid them being touched as that's what tarnishes them. There's a load of these coins and the britannias that have the wrong heads side on the coin which makes them quite collectable. |
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They also had some coins that were made from silver recovered from ss gairsoppa which were nice.
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its a nice coin tree but i suspect the £20 coin to be a better investment
there is also a silver penny for 2014, but that costs 28 quid |
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Bit of a talking point that it's been sat at the bottom of the sea.
You a collector Donny? I managed to get 7 of the first £20 coins before they ran out the new one does not seem as popular. |
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yep, ive bought silver pennies since i was a kid
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@elise -- yes, it is a serious question. @everyone else -- ta.
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Ramruma avoid the Royal Mint, they have too big a mark up.
Check it's scrap value which is what you are offered for most modern coins nowadays when you want to sell. |
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I collected Gold £5 coins from the Royal Mint not realising the poor value they represented at the time however the rapid rise in gold prices a few years back saw me sell them at a huge profit.
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I have a silver coin from the 1977 silver jubilee. Probably worth the same now as it was then?
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Also got a £5 coin in a case of the Queen Mum's 80th birthday.
Both coins are in a drawer somewhere? |
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Queen Mum coin is worth sh!t
 http://www.ebay.co.uk/itm/1980-QUEEN-ELIZABETH-THE-QUEEN-MOTHER-80TH-BIRTHDAY-CROWN-COIN-/311119807321?pt=UK_Coins_BritishDecimal_RL&ha****m48702f8359 |
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You need to pick coins that can increase in value in both fronts. The metal value and the collectable value.
They did some low mintage coins for Prince George. Worth a buy as once he's king will increase for a while. The royal mint coins are worth it as they are proof if your buying it for the silver value you might as well buy a load of used jewelry. |
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The spot price of silver is about £12 an ounce, with the scrap price somewhat lower. There are virtually no silver coins worth more than this, except for coins in the proper historical coin market which needs research, advice and not a little knowledge. Good luck.
Ramruna - just go to a bullion dealer and buy a sovereign from the year of the newborn. Half the price of your suggestion with twice the value. |
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The royal mint coins are worth it as they are proof if your buying it for the silver value you might as well buy a load of used jewelry.
Try selling them MT. |
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I'd only sell if the bullion value was high as you did so would be fine.
And as I say also buy significant coins for example the 2012 sov as it was diamond jubilee year. If you are looking just at bullion value then go for bars or scrap. I've been making .925 bars and am going to try refining small scale Next summer. I do agree most of the coins you will struggle to see a return on and would need to get lucky but selective buying will help. |
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Just a couple of comments.
"Proof" is a term almost totally unrelated to current or future value, "royal mint" is absolutely not what you think it is. and any "cannot lose" claim is complete myth" l |
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What's my old £1 note worth? Also got other currency notes now out of circulation
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Don't see any cannot lose claims here or on their site.
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i said cant lose on the £20 coin
with inflation proviso of course and pound could lose value in world terms, but hey ho |
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Money Tree - "why not buy him the royal mint £20 coin for 2014, its silver and costs £20, you cant lose, except for inflation of course"
A post from 11.33 today on this very thread. Do try to keep up. By the way, do you know who owns the trading name of the Royal Mint"? |
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The £20 coin is legal tender so is all ways worth £20
Probably the rothchilds. |
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Money Tree - Leaving aside the fact that the £20 coin is not legal tender within the definition of the legal term "legal tender", try popping into your local and attempt to purchase ale or equiv. to the value of said coin. Let me know how you get on.
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Too synical.
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lots of our currency is not legal tender
it says £20 and is worth £20 same as any £20 note |
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Correct Donny, but I, unlike you, am not making claims for specific obscure coins.
An item's worth is simply what a willing buyer will pay a willing seller. Where we disagree is in your comments "worth £20" and "same as any £20 note". There is no obligation for any service provider to accept any means of payment, BUT £20 notes are universally recognised and accepted..... If you think £20 coins are, and will be, equally treated, I think you are a fruitcake, but wish you the very best of luck with your investment. . |
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if you think i said that then you are a fruitcake
but hey ho, it was late |
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I inherited a mixture of coin sets but they just sit in a shoe box. I think I've got the 1990 sovereign set, a mixture of crowns, silver coins, and some odd stuff like a roll of 1/2ps from when they went decimal.
It's tricky to try and find the value as there is normally just a price to buy, rather than a price to sell, and I'd be extremely dubious selling on ebay. Also I can't quite get my head around trying to convert the coins weight into troy ounces and the current gold/silver price. |
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a troy ounce is about 31 grams
remember "get a calculator" get ...3 letters a .....1 letter calculator ...10 letters write down 3110 stick a decimal point in the middle 31.10 a troy ounce is 31.10 grams most dealers will offer you half selling value for common stuff but you can take your stuff to coin fairs where you will find plenty to give you a decent valuation for anything coin or banknote related |
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I think the five ounce silver coin at metal value = 5 x 17.4USD = 87 USD. or about £54. Pretty steep mark-up.
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I wanted to get some coins last year to put away for my little boy. I bought two rolls of 1 ounce silver dollars (25 coins in each roll). I was not thinking of them as a great investment. More of a small item that will always hold a certain value. All the coins were minted in the same year my little boy was born. In the end I sold them back for a small loss as I too was worried they might tarnish over time. Instead I bought several gold sovereigns with different monarchs on them and also some 1/4 ounce gold kruggerands. Bought a few other gold coins too. They all look slightly different in terms of colour. Visually I think the gold kruggerands and sovereigns look nicest.
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royal mint now selling 2015 £20 coins for £20
featuring winston churchill |