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UK 20 For 20 Coin Arrived

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New Member
Canada
12 Posts
 Posted 11/01/2013  9:20 pm  Show Profile   Bookmark this reply Add Garett to your friends list
Thanks for the info.
Pillar of the Community
United Kingdom
1682 Posts
 Posted 11/02/2013  1:39 pm  Show Profile   Bookmark this reply Add kena to your friends list
This is rather interesting: http://www.westminstercollection.co...uy-back.aspx

So they want to buy these off of folks for £25 each.

Wonder how much they are going to want to sell them for.

Ken
Pillar of the Community
United Kingdom
4208 Posts
 Posted 11/02/2013  2:07 pm  Show Profile   Bookmark this reply Add Ben to your friends list
Westminster coin people are bad news. They'll send you all sorts of junk - they sent me solid silver coins and then demanded payment. Took a lot to get them off my back. Dont touch em with a 40ft barge pole.
Pillar of the Community
United Kingdom
1682 Posts
 Posted 11/02/2013  2:30 pm  Show Profile   Bookmark this reply Add kena to your friends list
I tend agree but interesting how they are going about getting their supply of £20 for £20 coins, since you know they will not be selling them for £20 or £25 each.

I have gotten some £5 coins for them for £5 with free postage with no other coins sent (pays to check the terms of the offer). They do attempt to sell other overpriced coins all of them and almost all of those offers say they will send you other coins as well.

Nice to know that so far, The Royal Mint is not selling these coins to dealers, otherwise this company would not be trying to buy them from the public.

Ken
Pillar of the Community
United Kingdom
548 Posts
 Posted 11/02/2013  4:20 pm  Show Profile   Bookmark this reply Add Demarco Bishopp to your friends list
That does make me wonder about the collector value of the £20 though. I had assumed that the gigantic mintage pretty much eliminated any chance of the coin going up in value. I suppose if The Royal Mint releases a new £20 every year then this year may be in demand at some point due to it being first of a new series.

Pillar of the Community
United Kingdom
4208 Posts
 Posted 11/02/2013  6:17 pm  Show Profile   Bookmark this reply Add Ben to your friends list
Its a popular design - plus, it will never be worth less than £20. I see no issues with it not going up in price really. Worst comes to worst, Ill take them to the bank. The whole buy-for-profit thing is not the best attitude (the canadian NCLT forum is...uhh) but in this case it is a safe investment.
Valued Member
United Kingdom
68 Posts
 Posted 11/02/2013  6:27 pm  Show Profile   Bookmark this reply Add Paulus to your friends list
Agreed, should be a 'no-lose' scenario as far as I can see (at least for Brits with no postage on 3 coins!)
Valued Member
United States
421 Posts
 Posted 11/17/2013  7:22 pm  Show Profile   Bookmark this reply Add coinhooked to your friends list
I just caved & ordered 3. I have an ongoing collection of non gold St George & Dragon coins & will need to eventually complete the set. I also caved for the RCM St George & Dragon Banknote coin recently released. 72.50 pounds total for 3 to ship to US plus small currency exchange charge from my cc.
Pillar of the Community
United Kingdom
548 Posts
 Posted 11/18/2013  04:33 am  Show Profile   Bookmark this reply Add Demarco Bishopp to your friends list
I received an email from The Royal Mint last night which said in no uncertain terms that they will be releasing a new £20 for £20 every year, with the design changing each year as well.

New Member
United Kingdom
28 Posts
 Posted 11/18/2013  11:02 am  Show Profile   Bookmark this reply Add Mynki to your friends list
I see that Westminstercollection have now withdrawn their buy back scheme. I suspect a few shrewd individuals took advantage of the rather slack way the RM policed it's 'Only three per household' scheme. Anyone wanting more will have taken all of two seconds to realise how to get around this.

I've seen a few sell for around the £20 mark on ebay though, so realising a real profit with these will be hard IMHO.
Valued Member
United Kingdom
252 Posts
 Posted 11/18/2013  2:27 pm  Show Profile   Bookmark this reply Add Red to your friends list
I wonder if they had too many people flipping them for profit due to...

http://www.hotukdeals.com/deals/lim...mint-1710654
New Member
United Kingdom
28 Posts
 Posted 11/19/2013  5:12 pm  Show Profile   Bookmark this reply Add Mynki to your friends list
I flipped a few. I was very impressed with the service. The money was in my paypal account the next day after posting on all occasions.
Valued Member
United Kingdom
252 Posts
 Posted 12/22/2013  07:12 am  Show Profile   Bookmark this reply Add Red to your friends list
Just in case someone didn't get an email from them...

The limit of 3 per household has been increased to TEN.
(Limited time only apparently; 'til they run out I imagine)

http://www.royalmint.com/shop/UK_20...d_the_Dragon
Pillar of the Community
Germany
1064 Posts
 Posted 12/22/2013  9:18 pm  Show Profile   Bookmark this reply Add augsburger to your friends list
Sounds like "this wasn't as popular as we thought"
Pillar of the Community
United Kingdom
837 Posts
 Posted 12/24/2013  08:53 am  Show Profile   Bookmark this reply Add DaytR to your friends list
It does make me wonder how the value of that coin will go over time ..
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