Experience With Royal Mint Collector Services?

I sold one in a higher grade for £25

@saxon wow! I guess The Royal Mint really does overcharge

For £80 I would expect something more like this, though this is a tuppence rather than a penny:

The Royal mints historic coins are a massive rip off. Invest some time by going to a proper coin dealer.

RM does granny bait type stuff, uses flash images, glossy brochures and all the packaging you see on that mess you bought - to get the usual non collector or souvenir collector to buy overpriced rubbish.

Given all the hype and fluff they do even with new issues, they are hardly going to offer fair deals, but appeal to people's laziness and lack of willingness to do some research to sell this stuff. This racket probably works for them well.

Look at their ads and they say stuff like "This Victorian 6d is so old, imagine if Charles Dickens held it and think of all the engineering marvels of Brunel etc" and it has big paintings and photos of random Victorian scenes and what you get is like a 1899 6d that is worn flat!

No better than junk peddlers like Bradford Exchnage, Franklin Mint and all those American type outfits that put 5 worn pennies in a plastic case and call them WW2 souvenirs or a beaten up Nickel from 1912 and says its a Titanic coin.

Stay away from the same continent as these types of things.

This author James Bucki an American has written several articles on coin ripoffs like this plated nickels one

https://www.thesprucecrafts.com/gol...ters-4169459

https://www.thesprucecrafts.com/wor...ments-768353
This one speaks of the 5 worst coin investments and is essential reading, even though its an American theme, it applies to Britain and the world too.

Where about in the West Country paddy

@Princetane
This does sound bad. The Royal Mint sells some serious expensive historic coins though. Just recently, I noticed they have a 1551 Edward VI Crown: https://www.royalmint.com/our-coins...ue-NGC-XF45/

£12,000! I'm not sure how they sell their more expensive coins to serious collectors. Do you think these are overpriced as well, such as their historic sovereigns and more rare coins, or they are more fairly priced?

@Hogarth, wow, The Royal Mint really is way overpriced for all of their coins. Next time I will purchase from somewhere else.

The Royal Mint are simply using their Heritage position rather like a Bank does with your money. But just because it says something on the outside doesn't mean the practices on the inside are ethical . TRM are nothing more than greedy exploiters using their massive market place influence to dupe joe public. Do not buy anything from them 9/10 you will lose value on your purchase. Just 1 example of many. Paddington bear silver proof 50p £65 was the buying price for those when they launched. I have seen them @ buy now £14. It's a modern piece of Silver in the thousands and will never be rare. All those gimmicky novel storyline coins unless they hit lucky with collectors are worth the value of the metal and nothing more IMO. I can't wait to hear all the cry babies start hissing and spitting when in a few years that Over hyped un rare £200 kew gardens 50p plummets in value like a stone.

Their historical side is by far the worse. It really is tant amount to fraud. Grossly over graded coins and even more grossly over priced .