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 Replies: 25 / Views: 16,098 |
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Pillar of the Community
 United Kingdom
1687 Posts |
As I first stated, it was hype but it is rather interesting I can't find information about the coin from anywhere else. By the way, I also think The Royal Mint themselves is guility of overcharging for items as well and tend to use similar wording in their ads. I tend only to purchase the £5 coins for £5 direct from The Royal Mint when they are available (and this year with free shipping). Sometimes the folks was Westminster Collection are the only option for the £5 at £5. As someone else said, why do this, to get more folks on their mailing lists. For example, I purchased x3 Britannia bullion coins this year from a retailer rather than The Royal Mint. So The Royal Mint did not make as much as a profit as they would if I purchased it directly but I am still sure there was profit made for both The Royal Mint and retailer via the way I purchased. If not, why would The Royal Mint distibute them that way? If The Royal Mint was the only option, then I would not been able to purchase the additional two coins. Yes, buyer beware, yes that should be standard whether it is from a Mint or other retailer of coins. Ken |
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Valued Member
Ireland
131 Posts |
"T...NDS" .... could also be "THOUSANDS", the first coin to be multidenominational perhaps  Then again ... it could just be an April Fools joke which tbh looks more likely to me  Edited by Spikey Norman
03/28/2012 1:36 pm
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Pillar of the Community
United Kingdom
1324 Posts |
Westminster collection are always running ads selling £5 coins in the mainstream British press - they are usually presented like a UK issue with "legal tender United Kingdom coin" in big letters across the top. It's only in the very small print that you find out that they are legal tender only in somwhere like Alderney - even the picture of the coin is produced so that the country name is obscured!
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Moderator
 Australia
16869 Posts |
Quote:
In the past that company has been slated over here for misrepresentation (although it seems to stay just within the law). The portcullis on their headings implies (at least to some people) that it's something to do with the government, whereas of course it's not...
...they are usually presented like a UK issue with "legal tender United Kingdom coin" in big letters across the top. It's only in the very small print that you find out that they are legal tender only in somwhere like Alderney - even the picture of the coin is produced so that the country name is obscured!Yep, it's the "direct marketing" of coins. It's not a new concept, having been pioneered by outfits like the Franklin Mint and Continental Coin Co. in America in the 1970s, and it's not just a British phenomenon - you've got Macquarie Mint here in Australia, and the Asset Marketing Services empire in America, which includes brands like GovMint.com and the "New York Mint". The modus operandi is alwways the same: saturation advertising in places where actual coin collectors aren't likely to think to look for coins - designed to suck in novices to the hobby - combined with a name that's designed to give the air of government-backed legitimacy to their business. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Moderator
Australia
16869 Posts |
As for the denomination of the mystery coin, I'd guess "TEN POUNDS". I don't think there's enough room to write "THREE".
But £10 wouldn't be a "new denomination". The 1/10th ounce gold Britannia is £10, for example.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Valued Member
United Kingdom
128 Posts |
Anyone wishing to buy UK proof coins should buy them from the official source, The Royal Mint, as some of these other companies charge a lot more than the official price, for example... http://www.royalmint.com/shop/the_l...5_pound_coin £99.50 + P&P. From Westminster... £125.00 + P&P. Hope that we've made a few collectors aware of this dodgy practice. Mike. |
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Pillar of the Community
United Kingdom
1687 Posts |
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Pillar of the Community
United Kingdom
1687 Posts |
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Pillar of the Community
United Kingdom
1324 Posts |
Edited by andyg
03/29/2012 2:40 pm
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Pillar of the Community
United Kingdom
1687 Posts |
News is out. It is a 5 oz silver coin for the 2012 Olympics. Price is £545 plus shipping and they say only 7500 will be made. Can't find the coin yet on The Royal Mint site. |
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Pillar of the Community
United States
2605 Posts |
I'm not sure I like the design. Two sides look like they belong to two different coins - so it's "unbalanced".
Good thing this coin is not for circulation, looks like it's going to be fresh out of the mint in Fine on the reverse.
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Moderator
Australia
16869 Posts |
A £10 coin? Yes! What do I win for guessing right?  Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United Kingdom
1324 Posts |
Your details added to the Westminster collection mailing list?
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Pillar of the Community
United Kingdom
1687 Posts |
That sounds more like punishment rather than a prize for winning.
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Pillar of the Community
United Kingdom
1324 Posts |
Who said it had to be a nice prize?
That's all you got if you applied to the London Mint Office buying undated 20p promotion!
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Replies: 25 / Views: 16,098 |
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First Page
Posted 03/28/2012 1:33 pm
