How many have sold in the first two days. Still an overpriced waste of money?

Рет қаралды 1,755

the_islandstacker

Күн бұрын

Пікірлер: 66

@saxonstacker1078 Ай бұрын

For 80 quid???.........I'd rather two silver Britannias.

@the_islandstacker Ай бұрын

@@saxonstacker1078 get far more for your money 💰

@jadenephrite Ай бұрын

Regarding 6:00, the Royal Mint has been clever in introducing new products such as the silver proof sovereign which never existed before. Perhaps they may also introduce other new products such as a silver proof half sovereign, a silver proof quarter sovereign, a silver proof double sovereign, a silver proof quintuple sovereign and a silver proof piedfort sovereign. Traditionally sovereigns were gold coins and silver coins had lower denominations such as six pence, shilling, florin, half crown, and crown.

@the_islandstacker Ай бұрын

@@jadenephrite don't give the mint ideas 🤣🤣. I expect to see this again next year, I would really hope they don't start doing all the various good sovereign sizes in silver

@shauncorless8965 Ай бұрын

What a rip off as long as mugs keep paying stupid prices ,they keep churning them out 😮

@the_islandstacker Ай бұрын

@@shauncorless8965 I know, some day they might realise

@mik1967 Ай бұрын

I demand The Royal Mint do a 1/40th of an ounce colourised "Una and the Dragon" copper round. I insist on exchanging my house and all its contents for one.

@the_islandstacker Ай бұрын

@@mik1967 😂😂 be careful what you wish for

@GazB85 Ай бұрын

I bought the 2017 Gibraltar World's first Silver Sovereign. They were about £10 each, expensive yes but far cheaper than this rip-off. You're 100% right regarding this most likely not being a one off. Unfortunately partially privatising the Royal Mint has made them just make loads of over priced silver coins as a cash grab. I don't understand the logic of gold bullion on there and in general in this country being sold very close to spot but silver is almost always highly overpriced. I know silver has 20% VAT added to it but even with that taken in to account silver is still highly inflated compared to spot prices.

@the_islandstacker Ай бұрын

@@GazB85 totally agree, this is why I don't really buy silver it's crazy over priced and to make a profit your great great great grand kids might make some money

@GazB85 Ай бұрын

@@the_islandstacker I never buy silver brand new. I generally buy from eBay and buy old numismatic/junk silver coins close to spot.

@the_islandstacker Ай бұрын

@@GazB85 good plan, the premiums on new silver especially proofs are crazy.

@markwiles3485 Ай бұрын

The Royal Mint has been a rip off these last 15-20 years. So many variants of coins in different metals as to make coins more like medallions. It was never like this and coins were worth collecting before they simply threw out overpriced versions of the same coin. They have gone the same way the Post Office did years before when they began issuing a new set of stamps every month instead of 6-8 sets a years. Less is more and people aren’t mugs.

@the_islandstacker Ай бұрын

@@markwiles3485 they definitely need to do less at a higher quality, but the mint is just churning out stuff after stuff to just make money and not focus on the customers who are buying these things.

@xankevin3160 Ай бұрын

皇家铸币厂的索维林，真的是他们的现金牛，疯狂收割市场。与其担心这枚主权银币的溢价和二级市场表现，又或者会不会在明年延续出品，我更担心银币的牛奶斑问题。皇家铸币厂的银币质量，真的是非常糟糕，一言难尽。

@the_islandstacker Ай бұрын

That's another thing to consider as the mint has a really bad record with silver milking. I have to say I have a few silver proofs and they do seem to be better than the bullion coins, but still this should not even be a consideration.

@SyTheSoundman Ай бұрын

I think I may be the only person in the UK to actually buy one. I made an unboxing video yesterday and 24 hours later the regret hasn't set in yet! It's a beautiful piece but my god.....the premiums and the mintage figures are hilarious! Great video as always!

@the_islandstacker Ай бұрын

@@SyTheSoundman thank you, glad you are enjoying the coin, that's the main thing. Just couldn't justify those premiums.

@SyTheSoundman Ай бұрын

@@the_islandstacker I hear you, I adore the Pistrucci George and Dragon design and I'm a bit of a fan boy. Let's hope the community get the chance to own a standard bullion version one day!

@the_islandstacker Ай бұрын

@@SyTheSoundman personally I hope they just stick to gold but that's my preference, just prefer the yellow stuff 😉

@ShinyPreciousMetals Ай бұрын

7:10 no way! RM rip off

@the_islandstacker Ай бұрын

It's crazy right!

@GazB85 Ай бұрын

What's the thing about changing sovereign's from rose gold to I'm guessing yellow gold? Are they still going to be 22kt? When did sovereign's start being rose gold? Cause the one's I have I seem to remember them being yellow gold coloured.

@the_islandstacker Ай бұрын

@@GazB85 they are removing/reducing the copper content so they will be closer to the older sovereign being more yellow. They will still be 22kt. Having a quick look it says from 2017 they changed the mix but I feel like it's been rose gold for longer.

@JamesWilliamson-w8y Ай бұрын

Does the £80 include VAT ?

@the_islandstacker Ай бұрын

@@JamesWilliamson-w8y yes it does from what I can see

@albertboulderwardthe3rd590 Ай бұрын

Slightly off topic so apologies, but what 's your take on the Piedfort Sovereign for £1445.

@the_islandstacker Ай бұрын

I don't really like the piedfort versions myself, it's just a thick version. If it was a bigger diameter to make it standout then maybe or just buy a double instead.

@fin59shaw 21 күн бұрын

Well, my thought is that I mostly do Silver Bullion, and Government Gold. I do like interesting coins, not always a great financial choice, but I do like the Silver Sovereign. I know how to buy cheap Silver, and I don't this thing to be an investment. I wanted it, It was a crazy price for ounces, but to me it's just a piece of artwork that I wanted to have. It doesn't have to make sense, but I think it was a great idea for SOME people. Yes, the price is crazy.

@the_islandstacker 21 күн бұрын

@@fin59shaw that's fair, if you enjoy it for it beauty over worrying about the price then that's fair.

@theonlyDerp Ай бұрын

What's your take on the shield sov, particularly the shield half sovereign, do you reckon it will have a higher numismatic value later on, compared to the "normal" designs? Considering the premium it is going for...

@the_islandstacker Ай бұрын

@@theonlyDerp are you referring to the special George and the dragon for this year or just in general? I think the shield sovereign will do better in the long run over the memorial and crowned king Charles versions as for me the design is a lot nicer and sticky with sovereign history rather than the mint making stuff up for change of monarch.

@theonlyDerp Ай бұрын

@the_islandstacker just the general sov. I share the same idea, though the premiums are just a tad high 😂 thanks for the input mate

@the_islandstacker Ай бұрын

@@theonlyDerp no problems. I don't like the idea of the "special" George and the dragon version for this year as they have whacked £100 on top of the already high premium. I know the mintage is low but saying it's special as the last rose gold is not a reason. Be interested to see how they spin it for the first "gold" sovereign next year. I think if it's just a standard design for next year I'll stick to the bullion versions as there are too many one offs

@Sebastian-tm3cj Ай бұрын

@@the_islandstacker I agree. The George and the dragon version for this year is just the normal design we already saw 2024. In my opinion the Shield Sovereign is the more interesting one. One year design and only in proof.

@JamesWilliamson-w8y Ай бұрын

I have seen huge spikes in the gold pricee in recent days problably caused by large deals by major traders . I simply ignore them.

@the_islandstacker Ай бұрын

Gold has definitely been on the rose this year

@MrJibble Ай бұрын

They haven't sold anywhere near as fast as you're suggesting in this video - the stock count for the cheaper one was only 4,500 at 9am on release day and it took about 4 hours for it to go down by a thousand. They will have given a fair chunk to other dealers to sell, but probably not 45,500 of them. The delivery times suggest most if not all haven't even been minted yet so it's a spectacularly risk free operation either way.

@the_islandstacker Ай бұрын

@@MrJibble That's what I thought, as I mentioned it's hard to know as they release in batches so unless it sells out then only way to truly know

@MrJibble Ай бұрын

@@the_islandstacker if you keep checking it you can tell when they 'bump' up the number

@the_islandstacker Ай бұрын

@MrJibble 👍I would be surprised if it sells out by the end of the year

@MrJibble Ай бұрын

@@the_islandstacker at those prices definitely!

@the_islandstacker Ай бұрын

@@MrJibble might show the mint people are fed up with paying these stupid prices

@aucourant9998 Ай бұрын

This has to be the worst value coin they've ever produced.

@the_islandstacker Ай бұрын

@@aucourant9998 I think so too

@martync7436 Ай бұрын

We all know they will milk spot. Garbage. I think I will stick to gold sovereigns and silver bars.

@the_islandstacker Ай бұрын

👍👍

@picklerick4944 Ай бұрын

I've got number 43,XXX so they must be shifting

@the_islandstacker Ай бұрын

@@picklerick4944 you can't go by the COA as they just get randomly assigned it's not a case of how many they have sold

@alanchurch2841 Ай бұрын

I come from the perspective of a sovereign lover,and see this coin as of note in that regard.However,whilst I appreciate it has added value I certainly would not consider purchasing one at these at super high premiums. I will be looking at secondary market options in the future. Of course I expect to pay over spot,but not at these extreme`s. I would love to own one and may well do eventually,but not at all costs.

@the_islandstacker Ай бұрын

Agreed, it would be a nice coin to add to the collection but maybe a £30-50 not £125 🤯

@SouthSideFrankie Ай бұрын

I find it hard to believe that RM cannot say if they will be producing this coin as a one off. At this price you need to know what you are getting as the price is many times above the bullion value to such an extent that the bullion value does not really count. These are not for me and I think at present due to the world situation bullion coins may be the better option bought at the good old bullion price. As well as that the quality control so to speak is pretty bad at RM.

@the_islandstacker Ай бұрын

@@SouthSideFrankie to me just shows there is no clear view for the mint and their main goal is just profit, which leads to bad quality control and this over saturation of *special* coins. Agree bullion is a far better bet at the moment.

@UKDark_Mark Ай бұрын

Unbelievably stupid move by the RM….. again. They had a genuine chance to produce a new, globally desirable bullion coin (if it had been say 1/2 or 3/4 ounce with a price linked to spot I would have bought them by the tube), but no, another blatant rip off product. Sorry to rant in your comments but when they do stuff like this it’s just cr*p. Good video - thank you! 👍

@the_islandstacker Ай бұрын

@@UKDark_Mark oh have at it, I agree with you. I hadn't thought of that but yeah a half ounce silver bullion coin with the same design as the sovereign could be quite good. But as you say more money grabbing as usual.