| Author |
 Replies: 17 / Views: 3,202 |
|
New Member
Slovakia (Slovak Republic)
6 Posts |
Hi to all CCF members  I recently bought this 2011 Silver Britannia Proof coin and I found some things on the coin that I do not like.I don`t know if someone touched the coin or something else,but as you can see on the picture,her arm(the one with shield) is little like coppered(is it toning/tarnish?) and two lines near coin date 2011,one on the left and one on the right,they are there because someone touched the coin?What are your opinions?Thank you all for replies  Edited by Kremint
12/07/2013 2:35 pm
|
|
|
|
Moderator
 United States
56855 Posts |
 to CCF.I don't see the lines by the date but I do see the tone spot.If you don't like the coin can you return it ? John1  |
|
New Member
 Slovakia (Slovak Republic)
6 Posts |
Too late for returning :( ...so the arm holding the shield is toned?It is not something worse?Few weeks ago,it was perfectly clean without that spot.Can it be because this is not 0.999 fine silver?I marked the spots near date,little hard to see,cant post hd picture  Edited by Kremint
12/07/2013 2:37 pm
|
|
Pillar of the Community
United Kingdom
856 Posts |
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.
|
|
Pillar of the Community
Canada
5417 Posts |
I don't think the value is lost.
|
|
Pillar of the Community
Canada
2124 Posts |
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.
|
|
New Member
Slovakia (Slovak Republic)
6 Posts |
...so I can sell coin only for 1oz silver value?No premium for proof?
|
|
Bedrock of the Community
13014 Posts |
Quote:
so I can sell coin only for 1oz silver value?No premium for proof? 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 |
|
New Member
Slovakia (Slovak Republic)
6 Posts |
...thank you all for replies.I still wonder how the coin got smudged on the marked spots?Can it be due to poor storage conditions?
|
|
Pillar of the Community
United Kingdom
856 Posts |
Quote: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. 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. Edited by Tom Goodheart
12/08/2013 07:53 am
|
|
Valued Member
United States
339 Posts |
I have a proof set, they arent silver coins but my nickel in there has heavy "milking"
|
|
Bedrock of the Community
Canada
11922 Posts |
I would think the value of this particular coin is not lost.
|
|
Pillar of the Community
United States
1261 Posts |
These just look like spots where the coin is toning, especially, near the bottom on the obverse. Are you sure the holder is not open slightly there. This is pretty common because these holders are not air tight and the coins will tone over time. They could also be milk spots which are common from the way the mints produce the coins.
Half the time people that buy these coins don't really study them so I imagine the value is not lost IMO.
|
|
New Member
Slovakia (Slovak Republic)
6 Posts |
@chesterb:yeah,you`re right,holder was little bit loose,this can explain,why few weeks ago there was no toning on the coin.
|
|
Pillar of the Community
Canada
2781 Posts |
eye appeal is taking a hit, and so will the premium you paid over silver value. if a high percentage of the other coins from the same series also tone or develop milk spots the hit won't be as bad, but as long as better looking coins are available yours won't be as desirable (or as valuable) Quote:
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.  if you paid original mint price the 'value' dropped as soon as you bought it (which is probably more of a concern than toning or spotting) |
|
Pillar of the Community
Canada
2124 Posts |
How many of these coins have been produced(mintage) ?
|
| |
Replies: 17 / Views: 3,202 |
Posted 12/07/2013 2:27 pm
