Home› World & Ancient Coins Forum

modern GB Proof sets 1989-present

coinkatcoinkat Posts: 23,850 ✭✭✭✭✭
in World & Ancient Coins Forum
Is there much in the way of collector demand for non-silver sets? Seems that the number sold for most years is less than the quantity struck. Is the Royal mint still selling older sets? If not, what happened to them?

Experience the World through Numismatics...it's more than you can imagine.

Comments

  • 7Jaguars7Jaguars Posts: 7,751 ✭✭✭✭✭
    CK - as per my posts regarding later Jamaica proof sets, it is my belief (and nobody can confirm or deny as the RM chooses NOT to respond) that the mintage figures in most instances are the authorized mintages, but that the actual struck is a different number. Confusingly, the latter figures sometimes are published but are mostly not.

    Make sense? Not to me...LOL
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭
    I would also love to know what killed the market on these. They used to be reasonably easy to sell, now not even a stupid lowball offer on them!
  • 7Jaguars7Jaguars Posts: 7,751 ✭✭✭✭✭
    IMO, market collapse at the lower levels and for moderns in UK except to some degree for bullion and "special Issues" like the baby George silver "pennies"...Kind of sad, but I think the market is moribund and that it reflects to some degree what has happened in this country (USA).
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • RobPRobP Posts: 483 ✭✭
    It's simple. Produce sporadically in limited numbers and you stimulate demand. Having stimulated demand, they then killed it off by producing more than the market can absorb at which point everyone waits for them to appear in the secondary market. Modern mint outputs in the developed world in terms of varieties produced are now akin to those of small states/islands/territories who originally used them to generate national income.

    One of my sub-themes is an example of each attributed designer's handiwork. In the UK, there have been more new designers in the 45 years since decimalisation than there were in the previous 800 years. Some of the modern designers have a few dozen types to their credit which tells you that the market is saturated with new issues. It is severely trying my patience. Not only that, they have produced things that no shop wants to accept as currency despite them being legal tender - little wonder therefore that everyone wants to pay no more than face value.

    Then you have these mega pieces with a kilo of silver or gold. Tongue in cheek, the mint describes them as coins. It would be nice if they had a face value to accompany this claim. What we have today is a novelty shop mentality.
  • 7Jaguars7Jaguars Posts: 7,751 ✭✭✭✭✭
    Not sure how they will bring interest back. Rob, take it you did not get one of the solver "baby pennies"? LOL!
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
Sign In or Register to comment.