Now here's something I would actually buy from the BRM...
coinmickey
Posts: 767 ✭✭
Rufus T. Firefly: How would you like a job in the mint?
Chicolini: Mint? No, no, I no like a mint. Uh - what other flavor you got?
Chicolini: Mint? No, no, I no like a mint. Uh - what other flavor you got?
0
Comments
PS: If I ever buy a French "Hello Kitty" coin...please, put a fork in me. I'm done.
Dr J
My omnicoin collection (or how my coin photography has progressed)
<< <i>Finally a low mintage coin from the BRM that sells out! And I miss it! As with previous issues though I don't dare think about the amount of gold you would get for your money with this one
Dr J >>
Hey, it could be worse. They could operate like the U.S. mint does and say "Sold out? Screw it, we'll just strike more..."
Speculators taking it in the shorts...
1/2 Cents
U.S. Revenue Stamps
(a) I'm not a big fan of the Fourth Portrait so everything from the BRM starts off at a disadvantage.
(b) The puzzle piece reverse isn't very interesting to me. It's just part of existing designs cut up with puzzle piece borders. I'd prefer something more classic. Even 4 shields with the crests would be nicer IMO. It doesn't even say "Act of Union" on the reverse, just "Two", "2007", "Pounds", "1707".
The use of red gold is interesting but overall I'd prefer something like the US 2000 LOC a lot more. I think the torch where the handle is platinum and the flame is in the gold is really cool.
<< <i>Finally a low mintage coin from the BRM that sells out! And I miss it! As with previous issues though I don't dare think about the amount of gold you would get for your money with this one >>
Yeah -- this is definitely not just a "bullion issue" with the premiums being charged. This is close to US$800 for about a half-ounce of gold. So you're definitely not buying it as for "bullion" prices.
On the other hand, I just received my 1987 gold Britannia four piece set from the recent Heritage NYINC auction today, paying about $60 above melt. Of course, the '87 is the most common set but even some of the other annual 4-piece gold sets only have an additional $200-300 premium with production of 500 or less. The thing about British gold and silver, for the most part, is that they become cheaper in the aftermarket. Still, I wonder if the recent frenzy over low-mintage US Mint products could spill over to the Royal Mint and elsewhere to some degree.
<< <i> I just received my 1987 gold Britannia four piece set from the recent Heritage NYINC auction today, paying about $60 above melt. Of course, the '87 is the most common set but even some of the other annual 4-piece gold sets only have an additional $200-300 premium with production of 500 or less. The thing about British gold and silver, for the most part, is that they become cheaper in the aftermarket. >>
I wonder about this after market effect though, who are the people buying at full price from BRM and then losing out, oh hold on that would be ME
Dr J
My omnicoin collection (or how my coin photography has progressed)
<< <i>I wonder about this after market effect though, who are the people buying at full price from BRM and then losing out, oh hold on that would be ME >>
True. If you buy some of these sets at the issue price you took quite a haircut. That would have to make people think twice about buying directly from the BRM. Maybe that's why they can't even sell out a lot of low mintage sets. They were authorized to create a maximum of 500 of the 1994 gold Britannia sets, and they still only issued 435. Imagine the frenzy for a U.S. Mint issue, at almost ANY issue price, if only 500 sets were authorized!
The current situation with recent low-mintage BRM products creates some potential bargains for pretty scarce items if a collector base ever really discovers them; as of now they are mostly flying "under the radar" with respect to scarcity. I'm hoping they stay that way for a while until I've accumulated more.