Welcome to Live View – Take the tour to learn more
Start Tour
There is currently 1 person viewing this thread.
Ramruma
19 Oct 14 09:27
Joined:
Date Joined: 11 Dec 02
| Topic/replies: 18,259 | Blogger: Ramruma's blog
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?
Pause • Switch to Standard View Silver coin experts needed
Show More
Loading...
Report mange • October 19, 2014 11:03 AM BST
daddies sauce Wink
Report elise • October 19, 2014 11:30 AM BST
ram, are you being serious, i'd imagine not but just checking?
Report donny osmond • October 19, 2014 11:33 AM BST
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
Report Money Tree cost me thousands!! • October 19, 2014 12:10 PM BST
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.
Report Money Tree cost me thousands!! • October 19, 2014 12:11 PM BST
They also had some coins that were made from silver recovered from ss gairsoppa which were nice.
Report donny osmond • October 19, 2014 12:21 PM BST
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
Report Money Tree cost me thousands!! • October 19, 2014 12:23 PM BST
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.
Report donny osmond • October 19, 2014 12:51 PM BST
yep, ive bought silver pennies since i was a kid
Report Ramruma • October 19, 2014 1:31 PM BST
@elise -- yes, it is a serious question. @everyone else -- ta.
Report akabula • October 19, 2014 7:43 PM BST
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.
Report akabula • October 19, 2014 7:45 PM BST
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.
Report DartsnBooze • October 19, 2014 8:04 PM BST
I have a silver coin from the 1977 silver jubilee. Probably worth the same now as it was then?
Report DartsnBooze • October 19, 2014 8:06 PM BST
Also got a £5 coin in a case of the Queen Mum's 80th birthday.
Both coins are in a drawer somewhere?
Report DartsnBooze • October 19, 2014 8:19 PM BST
Queen Mum coin is worth sh!t Cry

http://www.ebay.co.uk/itm/1980-QUEEN-ELIZABETH-THE-QUEEN-MOTHER-80TH-BIRTHDA...
Report Money Tree cost me thousands!! • October 19, 2014 9:01 PM BST
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.
Report blackbarn • October 19, 2014 9:40 PM BST
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.
Report akabula • October 19, 2014 9:48 PM BST
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.
Report Money Tree cost me thousands!! • October 19, 2014 9:54 PM BST
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.
Report blackbarn • October 19, 2014 10:10 PM BST
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
Report DartsnBooze • October 19, 2014 10:18 PM BST
What's my old £1 note worth? Also got other currency notes now out of circulation Confused
Report Money Tree cost me thousands!! • October 19, 2014 10:34 PM BST
Don't see any cannot lose claims here or on their site.
Report donny osmond • October 19, 2014 10:45 PM BST
i said cant lose on the £20 coin

with inflation proviso of course
and pound could lose value in world terms, but hey ho
Report blackbarn • October 19, 2014 10:46 PM BST
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"?
Report Money Tree cost me thousands!! • October 19, 2014 11:09 PM BST
The £20 coin is legal tender so is all ways worth £20

Probably the rothchilds.
Report blackbarn • October 19, 2014 11:20 PM BST
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.
Report Money Tree cost me thousands!! • October 19, 2014 11:21 PM BST
Too synical.
Report donny osmond • October 19, 2014 11:24 PM BST
lots of our currency is not legal tender

it says £20 and is worth £20

same as any £20 note
Report blackbarn • October 19, 2014 11:43 PM BST
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.


    .
Report donny osmond • October 20, 2014 11:52 AM BST
if you think i said that then you are a fruitcake

but hey ho, it was late
Report billy hill • October 20, 2014 12:29 PM BST
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.
Report donny osmond • October 20, 2014 12:40 PM BST
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
Report billy hill • October 20, 2014 12:42 PM BST
I think the five ounce silver coin at metal value = 5 x 17.4USD = 87 USD.  or about £54.  Pretty steep mark-up.
Report paddletoe • October 20, 2014 5:56 PM BST
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.
Report donny osmond • January 26, 2015 12:26 AM GMT
royal mint now selling 2015 £20 coins for £20
featuring winston churchill
Post Your Reply
<CTRL+Enter> to submit
Please login to post a reply.

Wonder

Instance ID: 13539