Would you Buy PRE-GRADED Proof Coins Directly From The Royal Mint

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Would you Buy PRE-GRADED Proof Coins Directly From The Royal Mint - I did and this happened....

Рет қаралды 2,815

Күн бұрын

#Gold #silver #royalmint
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Пікірлер: 53

@andrewj361 11 ай бұрын

It's interesting that The Royal Mint is offering coins with a PF70 grade at a premium. While it's understandable that achieving a perfect grade requires additional quality control, you can't help but wonder, shouldn't a reputable institution like The Royal Mint produce high-quality coins as standard? It's a bit like a bricklayer charging per brick but asking for a premium to do a 'proper job.' Shouldn't the 'proper job' be the baseline? This premium service raises questions about the quality of their standard offerings and could potentially dilute their value proposition.

@timwilcox960 11 ай бұрын

Nail on head Andrew, great point! 👍

@kriswibbenhorstermeister9885 8 ай бұрын

Yes. My conspiracy theory involves pushing collectors into only purchasing already graded coins, so you’re less likely to spend less and “Take the chance.” It’s appalling.

@kaceydillin7367 11 ай бұрын

I would not buy this, as I am an American, but I love this concept. Perfect grade, nice presentation, Engravers auto, limited to 500. Should appreciate in value well.

@adamevans89 11 ай бұрын

Received my silver proof set last week. I think they look great, lovely display case too 😀

@craigmcdonald8539 11 ай бұрын

Some dealers on Facebook groups offers guarantee PF70 grade with not that much of a mark up. For a little extra with the peace of mind with top grade I can see the benefit

@johnlee4897 11 ай бұрын

It's not a full on bargain but neither is it outrageously expensive. Affordable for the majority and may I say the presentation is excellent from the Royal Mint. Nice autograph touches too.

@johnroberts3475 11 ай бұрын

I wrote to Customer Services (Isabelle) at the Royal Mint asking the question about the Royal Mint offering a grading service - She wroth back and said she had no knowledge of this happening at this time -but "watch this space" for future announcements. Sept 2023

@guy35451 11 ай бұрын

I totally missed these. Took the plunge this morning for my first set of graded coins because these look really nice.

@MacauCheers 11 ай бұрын

have you checked if the graded plastic boxes have scratches or dents? lol

@asheland_numismatics 11 ай бұрын

I rather like these coins, and I like the little box and the way it’s presented. It looks excellent but most of all I like the fact that NGC put the king’s portrait to the front of the slab indeed, that is the proper obverse of the coin, I can’t stand when the coins are reverse up. Excellent pick up!

@rodpanhard 11 ай бұрын

I just ordered one, for once I know I'm not going to get some scratched up, dinged coin passed off as acceptable proof quality. Should be a collectable that stays decent over the long term as well.

@alazorn6665 11 ай бұрын

Ordered mine a couple of weeks ago and still waiting. An investment i do believe. Great video, cheers

@sang3Eta 11 ай бұрын

The coins shouldn't be damaged when you are paying 10% over spot on bullion anyway! Nevermind the proof premium coins which are supposed to be hand picked.

@marcharkins2882 11 ай бұрын

They are a nice set of 70 proofs

@kauaiboy5o 9 ай бұрын

The question is if you have to turn around and sell it, how much are you set back? Also how much are you set back if you are to sell it at spot price of silver. So the question is whether it is an actual investment or an art object, an object for pleasure. Is it like a fine arts oil painting you buy at an art gallery for $2000 and in the secondary market you can get only $500 for it.

@crystalcars5210 11 ай бұрын

I’ve bought two King Charles Coronation Gold 1oz coins this week and with a mintage of 7,500 I would expect them to be decent quality. I was wrong. Very disappointed with the Royal Mint QC quality but that is nothing I already knew.

@aidan1445 11 ай бұрын

It’s a constant occurrence. Had to send back a double sovereign twice last year… ended up settling on a refund

@ShinyPreciousMetals 11 ай бұрын

8:35 good buy I think.

@GSmetals 11 ай бұрын

I like this coronation proof coin ❤

@kaceydillin7367 11 ай бұрын

I like this. I recently have discovered the kookaburra coins and am wanting to get a set. Trying to decide if BU, MS 70 is the way to go. If you could get straight from the mint in limited quantities that would be cool!!

@cryptomonkey6142 9 ай бұрын

I have huge reservations about graded silver coins. If they tarnish or milk spot within the slab, will they truly be able to be said to maintain their 70 grading? I'm interested in your thoughts.

@ianbird7444 11 ай бұрын

I like the labels and yes would buy pre graded from the mint if the price was right .but would depend on the price

@Stg2077 11 ай бұрын

Think this was the RM hyped marketing machine in full flow. Not awfully expensive but nonetheless, big premium for a box and signatures. Also for such a small mintage they’ve sold incredibly slowly. Think it’s one of those that if you like it, but it. If not, not missing much 👍🏼

@BackyardBullion 11 ай бұрын

I think they have sold slowly because the royal Mint expected these to sell out to all their VIP's and they didn't. I haven't seen this marketed out to the masses in any communications

@rodpanhard 11 ай бұрын

This is what's concerning, usually the scalpers would be in from the off, so why are they not?

@tomtharos4440 11 ай бұрын

I don’t buy slabbed bullion. But you are welcome to spend your money any way you like to. Nice looking coins. Love the packaging. The U.S. Mint needs to step up its game.

@Tardyrover 11 ай бұрын

what would happen if they started developing milk spots? I've had this in the past with RM coins

@fatheadcat9958 11 ай бұрын

What is the point of grading new prroof coins? They will all fall into 69 or 70, so a massive over saturation making them worthless.

@nassersiaf8167 11 ай бұрын

@BYB how did you get your set so early.?. Ive been told November for delivery. I thought the RM would have minted all 500 sets...

@meteoman7958 11 ай бұрын

I'm one of those who think grading/slabbing "made for collector" proof coins is unnecessary as these coins are by definition proof quality. It is basically taking advantage of the many collectors who are prone to bouts of OCD. I buy many after market proof silver and gold coins, which I grade myself, for prices akin to bullion coins.

@drip369 11 ай бұрын

That is a really cool display box

@BackyardBullion 11 ай бұрын

It is very nice and very reflective!

@richardmetcalf2346 11 ай бұрын

I find this very interesting. I'm not much into modern graded coins, but if I could get a guaranteed 70 it might be worth it! It would depend on the price!

@browpetj 11 ай бұрын

Valid service.

@BigDon62 11 ай бұрын

Thought I'd mention to everyone that this set is actually even cheaper than it was. Even though it still says on the page it is £395.00 when it comes to the check out, the price (before postage) is £329.17

@BackyardBullion 11 ай бұрын

This is because you are not in the UK and you dont pay sales tax when you buy it. We in the UK have to pay 20% sales tax, which means £329.17 x 1.2 = £395

@BigDon62 11 ай бұрын

@@BackyardBullion OK Thanks for that info, was wondering if The Royal Mint had suddenly had a burst of generosity.

@Patricklj20720 11 ай бұрын

Intresting🤔

@BackyardBullion 11 ай бұрын

Thanks!

@BigDon62 11 ай бұрын

As always a great video. had no idea this service was available from The Royal Mint & I'd like to try & buy this set, but can't see the link you mentioned in the video. Please could you provide it.

@BackyardBullion 11 ай бұрын

www.royalmint.com/shop/monarch/charles-iii/his-majesty-king-charles-iii-silver-proof-effigy-set/

@BigDon62 11 ай бұрын

Thank you so much for that link @@BackyardBullion have just placed my order. Seems like a very good deal & a full proof way to obtain unblemished proof coins from The Royal Mint, even though one has to pay for something that should be of this quality in the first place. Just to let you & others know I did your little number available trick & as of this posting The Royal Mint have 235 of these sets still available.

@BigDon62 11 ай бұрын

I have another question. I live in Australia & have had to send two items back to The Royal Mint for replacement, one due to quality issues & the other was the wrong coin they sent me. On both occasions the address for return was & is a Post Office Box at Pontyclun, Wales. I had to phone & e-mail Parcel Force to make sure The RM received the returned coins, as they told me Parcel Force (Royal Mail) don't deliver to Post Offices Boxes in The UK. I e-mailed The RM about this, but they only answered other questions I had. Have The RM got a physical address as I'd rather not go through that hassle next time.

@BackyardBullion 11 ай бұрын

If you use Australia post rather than parcel force it should get to their returns.

@BigDon62 11 ай бұрын

@@BackyardBullion The only problem with that is I do use Australia Post, but once a parcel enters UK jurisdiction it always seems to be picked up by Royal Mail's Parcel Force for delivery. The parcels did get there, but as mentioned before I had to phone & e-mail Parcel Force for that to happen.

@SilverbugDevon-cf2jf 11 ай бұрын

Hello new subscriber here

@plagaucoins5871 11 ай бұрын

Definitely a rip off... £400 could be 2 coins 2oz silver proof or 16 regular Britannia 1oz silver... also the high mintage number on those coins do not make them scarce in any shape... 🤦🏻‍♂️

@365DaysofSilver 11 ай бұрын

Like #2

@BackyardBullion 11 ай бұрын

Thanks man, appreciate it!

@timwilcox960 11 ай бұрын

Oh ar$e BYB!!! But for your video, I wouldn't know anything about these coins. You ought to get commission from the RM - as your sales pitch is nigh on perfect - I'm seriously tempted. I'm gonna have to unsubscribe one of these days as you're costing me a fortune (that I haven't got)! 😉

@BackyardBullion 11 ай бұрын

Oops,.sorry! Royal Mint don't want to sponsor me beyond 1 oz of free silver per year....

@timwilcox960 11 ай бұрын

@@BackyardBullion I've taken the plunge BYB! It's the Martin Jennings signature that really clinched it for me - that's their USP that separates them from most/all? other RM coins. Even though I've bought the set, I concur 100% with andrewj361's comments below and I think this would make an excellent topic for a future video? Proof coins should all be of PF70 standard by default. RM should provide that guarantee by making it explicit that anyone who elects to get a proof coin graded and receives anything less than PF70 will get their money refunded in full. RM must do more to instill confidence in their products rather than - as andrewj361 asserts - "potentially dilute their value proposition".