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 Replies: 10 / Views: 1,997 |
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Valued Member
United Kingdom
477 Posts |
Hello everyone I've seen a coin set in a lovely presented box with 18 silver coins with a total weight of 5 troy oz's. The coins consist of varying silver quantity, from 500-925 and I'm told are all original non replicas however they have differing dates(from each sets). The coin set is £54.90+£3.90 p&p however it comes in eleven installments over an unknown period of time to me-I doubt it's over a decade haha but don't know. It is from Danbury Mint, could anyone let me know their opinion on this set-is it worth it, or could I get the coins off ebay cheaper-less the presentation box mind you. Alexander. Edited by awallin01
02/05/2014 11:02 am
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Moderator
 United States
189010 Posts |
 to the Community! I moved your welcome post to the appropriate forum for the proper attention.  |
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Valued Member
 United Kingdom
477 Posts |
Oh thank-you ever so much for the welcome, and for putting this in the proper forum-much appreciated. Does this site also help with identifying commemorative medals?
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Pillar of the Community
Canada
5417 Posts |
to CCF and I think it's a good deal and you should ho for it  |
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Bedrock of the Community
United Kingdom
17960 Posts |
Hi Alexander I have tried to find this on the Danbury Mint website. If it's what I've seen, it's not such a good deal. https://www.danburymint.co.uk/coins...C-C223-P5079The price is £54.90 per shipment - and it says that each shipment will be between 1 and 4 coins. So there is no indication how many shipments will make up the whole collection. There is no indication of the condition of the coins - from what you can see, the George V and George VI ones look F to VF and would actually be worth little over melt value. You could get these quite cheaply at a coin fair or from a local coin shop. It looks nice - but you are paying a lot for the display case and presentation. |
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Bedrock of the Community
United States
17884 Posts |
Quote:
It is from Danbury Mint, That is enough right there to warn you to tread cautiously. Danbury Mint is a telemarketing type company so most anything from them will be well overpriced. For one thing read that ad CAREFULLY and you may find that it is £54.90+£3.90 p&p for EACH of the 11 shipments or a total of £648.80 We could also advise you better if we had more details about the coins. What country? What denominations? Any information about condition? Edited by Conder101
02/05/2014 3:06 pm
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Moderator
United States
189010 Posts |
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Moderator
Australia
16842 Posts |
The "sets" compiled by groups such as Danbury aren't really "sets" - they years and even the types are randomly mixed-up and the quality of the coins is poor. They don't specially pick out nice coins for you, they'll ship you whatever coins just happen to be lying around. You can easily make your own similar "set" for little over scrap silver value if you buy coins from an actual coin dealer, or off ebay. My general advice to coin collectors considering becoming customers of Danbury, Westminster, London Mint Office, Macquarie Mint (Australia), GovMint.com (America) or similar mass-marketeers, is the same: DON'T. Run away, very fast. It is advice that is usually unnecessary, since these mass-marketeers generally don't target actual coin collectors - they put ads in the gossip magazines, but not in the coin magazines. Their target audience are the non-collectors: the investors, the friends and family of coin collectors, the people who don't know any better and who can be conned into paying a high price for small change. And once they've got your address and credit card details, you're hooked. You might think you're only getting eleven shipments, but you'll probably find that when your eleven shipments are all arrived and you fill up your case, they'll happily send you another case for free and keep sending you more and more coins until you beg them to stop. They prefer timid customers who are too fearful or embarrassed to ring them up and cancel the perpetual order they unwittingly signed up for. 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
477 Posts |
Thank-you everybody, I thought back to the old saying ''if it's to good to be true, it probably is''. I ended up buying a couple of silver proof coins on ebay and an old ornate silver mirror(bargain) for the same value. The mirror is amazing and the coins are both 28.2 grams for a combined price of £13.00 :D. I did buy something off The Royal Mint before that they declared 'legal tender', but that's only if I plan on getting in enough debt to use them as a debt payment. I will stay away from these places. Kind Regards ALexander. |
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Bedrock of the Community
United States
20753 Posts |
Most all telemarketers are well over priced. If you see tons of adds on TV, magazines, etc. remember that placing those adds cost a lot of money. That money comes from selling STUFF way, way over priced. Always unless you can see exactly what your buying, be carefull. Edited by just carl
02/12/2014 11:57 am
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Valued Member
United Kingdom
477 Posts |
Sorry I'm late to respond, thank-you for the advice. This site is so helpful, interesting, friendly-I've found home.
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Replies: 10 / Views: 1,997 |
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Posted 02/05/2014 11:50 am
