What next for the British Coin market? Will 2024 be as good as gold?

What does the Coin market have in store for us in 2024? The world is full of trauma, but how will this trauma flow over into the world of coin collecting?
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[@GoldenSlumber474]

I miss this kind of Numi videos-like the old days. Thanks for sharing Mr. Numi

[@Numistacker]

Will make more of them

[@JovanVujnovic-m5m]

Well stated, Numi. Prime example is the 2022 Memorial proof sovereign - there's a glut of PF70's, over a 1000 at the recent NGC census. It's hammered auction prices. Coin of the Realm is rather good for picking up modern proof bargains.

[@Numistacker]

Keep bargain hunting as that is the best way to build a collection

[@chrisoldfield8867]

Thanks for sharing very informative Interested to know more about buying via auctions

[@nickgardener5802]

The RM are churning out as much as they can but ignoring the quality issues they have.All about the numbers. Disappointing. Prefer to buy on the secondary market after most of the coins have taken a financial hit at retail.

[@kurjan1]

I live in Australia. I have been a bullion (bars) hoarder for decades and am wanting to enter the more numismatic/coin scene. I am honestly finding the best value across the board on eBay with dealers in New York, Hong Kong, Singapore and London. I am finding the Australian market difficult and expensive. Particularly when it comes to graded and encapsulated coins. I find the auction buyers premium to be completely outrages. I have found buying English and Australian coins from a few dealers in New York and Hong Kong to be wonderful people to deal with. Courteous, advice and customer service driven, and willing to negotiate price and freight to make the sale more palatable.

[@philhowarth1519]

Thanks for the insight.

[@Numistacker]

My pleasure!

[@asheland_numismatics]

Some splendid coins in this video!

[@nates4310]

Fantastic video thanks

[@ScotsSilver]

I'm fairly new (6 months) to this, so your thoughts on Sovereigns are a great help. Thank you for doing this 👍

[@michaelplant2398]

I believe the lockdown/covid period brought many new collectors to the market, with some investment banks quoting coins are one of the top investment vehicles. We now have a down turn with my expectations that the trend will reverse late 2024.

[@dleetr]

Cooking breakfast and not feeling particularly insightful with respect to comments, so just helping le algorithm. Certainly though the price of retail royal Mint proofs has to pull back, if they want to sustain a market for them, let alone see growth .

[@Numistacker]

It’s appreciated

[@BrianChapman-k8w]

Totally agree let's break the mould and let the collectors and dealers and let the royal mint and some of the commercial bullion dealers stretch their strength and warn people about some companies that offer so called fantastic collectible coins at frightening High prices trapping people in a no win future profit

[@JohnDoe-cf8jz]

I've been semi collecting coins on and off for years, but just junk really or what I find metal detecting. However, this last week I started a new plan split into two versions. The first version in personal interest coins. Last week I bought my first gold coin, a 1/10 2023 Britannia of QE from the RM. I don't believe it's worth anything near what I paid for it, but I wanted the coin as it's the last version with QE on it. I probably won't ever sell it until forced due to old age. I may buy other interesting coins like hammered medieval silver, roman or Celtic at a high premiums simply because I like them. The second version of the plan is the "pot luck" buying of "best value" gold bullion sovereigns and Britannia's whenever the price of gold occasionally dips. I'm taking the stance that what is not so valued as numismatic today might well be in some years. If that doesn't happen then I get to have some still nice looking coins and I can always sell them with maybe even a profit on the bullion value.

[@BrianChapman-k8w]

As a buyer of proof recent issues from the Royal mint in gold I'm shocked at the price hikes they have forced on collectors/ investors and the prolific new issues of moderate quality design and interest. I'm stopping and thinking whether to continue buying new issues from the mint or probably buying these gold coinsclater at auction where I think they will be buy able at a better price

[@Numistacker]

The premiums and mintages DO need a firm review

[@BrianChapman-k8w]

@@Numistacker totally agree

[@Coin_Tales]

I planted rose number [97] in your garden. Don't forget to pay me a visit!

[@philipsmedia5268]

When buyers take an active interest in the gold market and price spikes to highs is normally and indication of a failing currency backing that country or economy. The UK is a classic example as GDP is loosing purchasing power. People will buy at all time highs as it's away of protecting themselves from these troubles.

[@tomputnam6889]

What do you think about the new 007 collection from Royal Mint, can’t see mintages

[@tomputnam6889]

Thanks for doing a video, waiting for something special from the mint, anything coming up soon, last decent purchase was 2017 gold sovereign proof 200th anniversary.

[@RussellBury]

My silver proof definitive set is being delivered tomorrow and i cant wait to see them, some great designs that will surely cause a bit of excitement when the general public become aware of them and start getting them in their change (well when they are not tapping their nonsense debt cards for every minor purchases, oh and dont get me moaning about the phone app tapping goons, waiting for them to log in and try to remember their passwords and go through a dozen cards until they find one that still has credit available lol) Sorry what was i saying, oh yea the definitive coins are very nice designs, i hope RM play with the formula over time, they could have limited alternative designs such as a hedgehog penny or a swan 20p and play with the bee designs on the £1 and different fish on the 50p, much nicer than a boring old shield.

[@Numistacker]

The new definitives are very nice I will be trying to pick up one or two gold ones over time

[@haydnmclennan4739]

hey numi, looking for some advice, do you reckon you could give me an estimate on how much would you pay for an 1884m shield in ms62

[@ebikescrapper3925]

People will still buy coins regardless of the silver and gold spot prices. For most people they will wait until spot falls and buy as cheap as they can

[@SouthSideFrankie]

Any chance you could define what a rare coin is?

[@bottlecapdave2021]

As a non-gold Gillick collector at the moment I am seeing a light bubble in high quality BU bronze, brass and CuNi coin prices but nowhere near the bubble size as the high quality BU sovereign prices. Gold coin collectors tend to have deeper pockets or greater access to credit than someone such as myself. The bubble will burst probably late 2024, early 2025, I think.

[@BrianChapman-k8w]

Error warn the royal mint oops

[@deancanfield6103]

Numi don’t want you getting bargains or buying coins that already slabbed as he only promotes royal mint modern coins as he hopes you use him to grade them he his a salesman on commission you won’t learn nothing listen to this rubbish bond coins are over priced and already crashed last time

[@Buttlands]

I have noticed that the market ,even for older coins is rather depressed. Pennies and halfpence of Henry iv are about the same as they were in 1976!!!!!!!! Edward vii half crowns, are nowhere near as high as they once were ( excluding 1902 and 1910). A mint state 1909 2/6 was sold the other day for 585 pounds but 15 years earlier it changed hands at 760 pounds!!! So, I think that we must not expect huge rises in values for some time. Many coins remained unsold in auction houses during 2023.