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Silver Britannia

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starbuxinvestor's Avatar
United Kingdom
616 Posts
 Posted 08/29/2012  2:42 pm Show Profile   Bookmark this topic Add starbuxinvestor to your friends list Get a Link to this Message Number of Subscribers
Anyone else think the Silver Britannia is a pretty sweet coin (slbeit not .999).
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IndianGoldEagle's Avatar
United States
36741 Posts
 Posted 08/29/2012  2:43 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
A beautiful coin, I just don't like the high premium over spot.
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starbuxinvestor's Avatar
United Kingdom
616 Posts
 Posted 08/29/2012  2:45 pm  Show Profile   Bookmark this reply Add starbuxinvestor to your friends list Get a Link to this Reply
Yeah, not something I would buy tubes of but a couple each year is nice. I think I heard they are moving to .999 in the future.
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coinwatch's Avatar
United States
808 Posts
 Posted 08/29/2012  3:53 pm  Show Profile   Bookmark this reply Add coinwatch to your friends list Get a Link to this Reply
The Silver Britannia coins are indeed beautiful and unique (Britannia silver is not .999). They are very collectible and command a high premium. Would I buy one? Absolutely! Would I stack them? Doubtful. I think there are better bulk silver options at a much lower premium.
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DavidUK's Avatar
United Kingdom
2624 Posts
 Posted 08/29/2012  3:54 pm  Show Profile   Bookmark this reply Add DavidUK to your friends list Get a Link to this Reply
I have no problem with the silver content, they are a beautiful coin. I only have a few of these though as I think that is enough. I do intend to buy a few more though (1 for each of my best friends children in their birth years and maybe a couple more for myself if I see them for a good price)
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starbuxinvestor's Avatar
United Kingdom
616 Posts
 Posted 08/29/2012  3:59 pm  Show Profile   Bookmark this reply Add starbuxinvestor to your friends list Get a Link to this Reply
http://www.coinworld.com/articles/r...er-for-brit/

Silver and gold Britannia coins are no longer "fine" they way they are, The Royal Mint has decided.

In an effort to compete with other, finer, world bullion coins, Royal Mint officials recently confirmed plans to launch Britannia .999 fine silver and .9999 fine gold coins later this year.

This signals a departure from the historic "Britannia" silver standard of .958 fine, as well as the standard .9167 fine gold in use for British coins for centuries.

The Britannia standard of silver was introduced as part of the recoinage of William III in 1696, in an attempt to limit the clipping and melting of sterling silver coins (sterling is .925 fine).

New coins in November

Beginning in November, collectors and investors will be able to buy 2013 Britannia 1-ounce .999 fine silver bullion coins (which are denominated £2) and Britannia 1-ounce .9999 fine gold bullion coins (which are denominated £100). The reverses of the coins will bear the traditional Philip Nathan design of a standing figure of a graceful Britannia, wind blowing her robes left while she holds a trident. Britannia wears a Corinthian helmet and bears also a shield.
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oih82w8's Avatar
United States
7840 Posts
 Posted 08/29/2012  4:00 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
I am not real big into non-U.S. Coinage, but I love the 2003 Britannia!

Silver-Britannia
Edited by oih82w8
08/29/2012 4:01 pm
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SDCrow's Avatar
United States
456 Posts
 Posted 08/29/2012  9:05 pm  Show Profile   Bookmark this reply Add SDCrow to your friends list Get a Link to this Reply
This is without a doubt my favorite bullion series. I am working on getting one of each year. I'm about half way there, with some of the tougher (more expensive) years to go. Great designs, proof-like finishes, and low mintages of only 100,000 or less. I don't mind the lesser purity. I am actually disappointed they are conforming to the other series around the world by changing to .999 and increasing the mintage.
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colu41's Avatar
United States
376 Posts
 Posted 08/29/2012  10:51 pm  Show Profile   Bookmark this reply Add colu41 to your friends list Get a Link to this Reply
Since they are currently only .958 fine, on Provident Metals it says it still has an actual silver weight of 1 troy oz, so are the coins bigger? Or is it 95.8% of 1 troy oz?
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basebal21's Avatar
13014 Posts
 Posted 08/29/2012  10:54 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
It should have a full ounce in it just not as pure as some other coins. Just like the ASEs have some other metals in them. I've never seen one in person, it may be slightly bigger or thicker but its not so unpure as to just out with the size difference
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SDCrow's Avatar
United States
456 Posts
 Posted 08/29/2012  11:17 pm  Show Profile   Bookmark this reply Add SDCrow to your friends list Get a Link to this Reply
Their advertised weight is 32.45 g (32.45 x 0.9584 = 31.1 g silver) with a diameter of 40 mm and a thickness of 3.1 mm. By comparison, an ASE has a thickness of 2.96 mm and a diameter of 40.6 mm.
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 08/29/2012  11:18 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
First class silver, as UK does everything IMO....

Are they not a little OVER one troy oz., which means even not at .999, still an oz. of silver. Just like an American gold eagle?

I may be wrong there....

I have learned that silver is silver. Sure, .925 does not bring that extra 10 percent a .999 piece does, but that is all mental IMO, fickle humans, me included....

A Peace dollar or Morgan is not .715 like 1964 (90%) or earlier quarters, halves, or dimes but .7752. Not .999 but collectors pay about the same as .999 generic on them or WAY more if they are close to un-circ, rare date or mint, or high grade....

So the silver content becomes way irrelevant IMO in those cases mentioned above....
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CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 08/29/2012  11:32 pm  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
I think they're more interesting as numismatic items (they have limited mintages), although that may change with the fineness change. @oih82w8: Good call on the 2003! I think it's one of the best numismatic designs of the entire modern era. All the Phillip Nathan ones are great.
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bekiz's Avatar
Japan
666 Posts
 Posted 08/30/2012  12:50 am  Show Profile   Bookmark this reply Add bekiz to your friends list Get a Link to this Reply
mine are 2000,2001,2002, and 2012 ...
I like the way they change design every next year.
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DavidUK's Avatar
United Kingdom
2624 Posts
 Posted 08/30/2012  09:30 am  Show Profile   Bookmark this reply Add DavidUK to your friends list Get a Link to this Reply
I want these but I cant justify £500 for 4.5 ounces of silver...



Silver-Britannia

They are half ounce Britannia coins with each of the reverse designs... beautiful but too large a premium for my liking.

I have a couple of other silver proof sets from The Royal Mint (all the currently circulating coins minted as silver proofs + maundy set) and I remember they had a huge premium too but were sold on monthly installments, so I just swallowed the cost because I wanted it. I would consider doing the same for this set but to shell out that money in one go knowing that they are not great value I just cant do it :(
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traevin's Avatar
United States
1454 Posts
 Posted 08/30/2012  4:02 pm  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply
I personally love Britannias. Very interesting news about the Motherland changing the fineness, Star. Like Hawk, I never cared one iota about the purity difference, especially considering the coin has an ASW of 1 oz., regardless.

Just checked the inventory. I actually have 16, one of which is a proof (1998). That's more than I thought. But once they went above $40, I sorta lost interest in them. Up until 2008, I had at least one example of every design, so I'll eventually have to get the one's I'm missing. Maybe in trade, since I have six of Year 2000.
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