Is Value Of The Coin Lost?

A Britannia is a bullion coin. Its value is that of an ounce of 0.999 silver. The marks haven't reduced the weight of silver. The value is therefore unchanged in my opinion.

I agree with other posts. As a bullion coin with no premium, the price you get if decide to sell it is based on the 1 oz silver.

You might have taken a slight hit on value but its NOT a bullion coin and never was. The 2011 proof routinely sells for over 80 dollars and most of the time is over 100 on ebay. I believe The Royal Mint sells them for about 90 pounds for the current issue.

Just because somethings silver doesn't make it bullion. Anything thats a proof from a reputable government mint can automatically be taken out of the bullion category.

With enough damage it would turn into a bullion coin. If I had to guess I doubt youd get the 100-130 price some get (especially without the OGP) but 50-60 doesn't seem unreasonable which is still almost 3 times the price of spot. You might even be able to do a little better than that

I have to disagree baseball. Even on The Royal Mint website they are referred to as 'bullion coins'.

Just my opinion, but such things aren't made as currency. Pandas, Britannias, ASLs, Maple Leafs, they are all made by national mints as a money making exercise. They can be made with special dies, slabbed and graded by TPGs, but basically they are a way of selling silver at a premium.

The fact that the RM sells them at a mark-up doesn't make them worth that. Most issues can be picked up at a fraction of issue price on the secondary market.

They have no historic value. They aren't coins in that you can't spend them. OK, people do pay a premium over bullion, but that's the collectables market. People also pay over the odds for supposedly rare Beanie Babies and such. But if you sell them to a bullion dealer they are not going to pay any more because it's an MS 80 than for an XF40.

I guess it irritates me that they are sold as they are, that people buy them expecting to make a profit on their 'investment'. But then I don't see a difference between a 'proof' issue and a regular uncirculated specimen and can't understand why people pay more for the former ..

.. but that's just me I guess.

I would think the value of this particular coin is not lost.

@chesterb:yeah,you`re right,holder was little bit loose,this can explain,why few weeks ago there was no toning on the coin.

How many of these coins have been produced(mintage) ?

If its anything like any other country that makes them thats actually not true. It would certainly be a terrible decision, but they have a face value and can be spent for that.




A bullion dealer wouldnt pay any more for a 1860 O Seated Liberty Coin either, cash for gold places only care about the metal content since thats what they deal in. A coin shop on the other hand would/should give you a better price.

These are selling for over 4 times the price of spot on ebay. If some shop if trying to low ball cut them out of the picture and sell it yourself. They may be selling for a little less than issue price but they arent selling anywhere close to spot.

The Royal Mint can call them whatever they want but their price and their resell prices dont act like bullion. The new 2013 uncirculated version does with its unlimited mintage but the older ones and especially the proofs have very limited mintages for what they are.

Regardless of what the uncirculated do, proof coins arent bullion. Bullions price is based off spot, these prices have minimal movement with spot. The Royal Mint probably does overcharge for these since you can get them cheaper on the secondary market, but it doesn't fall enough to even get within spitting distance of spot price.

Some people consider proof ASEs bullion as well. Thats fine if they want too, but the market assigns a far greater numismatic value than metal value.