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 Replies: 13 / Views: 2,938 |
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Valued Member
United Kingdom
477 Posts |
Why are people paying such extortionate prices for this 50p, yeah 210,000 minted but the prices I'm seeing are ridiculous(granted some are silver proof and I'm not meaning that variety). I'd rather buy something else. I mean The Royal Mint have so much control-i'd rather buy a St George and the Dragon £20.00 coin with silver value in it and 250,000 minted for a lesser price. But I won't do that lol. Anyone else have an opinion on this, am I missing something? |
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Valued Member
United Kingdom
183 Posts |
I read somewhere that there's likely 30-40k coin collectors in the uk.
those 210k coins will allow every willing collector a coin and then some.
I think it's a scam and will cease as soon as sellers realise there are
not anymore people prepared to pay those silly prices.
cheap and cheerful is the way to go
HH
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Valued Member
 United Kingdom
477 Posts |
I agree, I think it may even be part of an elaborate marketing scheme which has worked very well. I'm new to coin collecting so I try and buy cheap coins to start with, old crowns/silver bullion coins/etc, but I've recently made some higher acquisitions on some ancient coinage from museum surplus. I want to gather loads of coins and feel like a pirate haha. I'm really tempted to get a metal detector, but I need to learn how to become proficient with one before hand. I live not far from where the Staffordshire hoard was found, and have dreams of finding some relics. Thanks for the reply.
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Pillar of the Community
United Kingdom
837 Posts |
Since that Kew Gardens 50p has the distinction of being the rarest coin in circulation , .... a lot of people are attracted to that hence they want one and they want one now before they disappear  ; its interesting you mention the prices paid now but before this feeding frenzy started I was monitoring the prices of those Kew gardens 50p coins on ebay and they were going for between a fiver and tenner each so even before this frenzy they had a steep asking price , the news articles that sparked all this lit a firecracker up the proverbial backside of the prices ! Whether they are worth the price they are going for is debatable at the very least, personally I wouldnt pay the current asking price but a lot of collectors seem to see it differently !   |
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Valued Member
United Kingdom
477 Posts |
I just bought a Numidian coin and a pirate cob for a fraction of the 50p. I guess it truly is up to the collector. I love having old coins, and imagining where they have been or who could of held them. And thinking of the historic events they've been through. Thanks for the reply.
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Valued Member
United Kingdom
188 Posts |
@awallin01:
"i'd rather buy a St George and the Dragon £20.00 coin with silver value in it"
Mind you, £20 worth of scrap silver bought today will always have vastly more silver value!
"I live not far from where the Staffordshire hoard was found"
The ancient bling, or the fake £1 stash in Wombourne? ¦-D
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Valued Member
United Kingdom
477 Posts |
When I said about the silver coin-I was referring to coins only, not bullion. I do buy silver/gold items and try and collect as much of it as I can, but a silver/gold coin has both bullion and numismatic value-which has more sex appeal to me lol. The Saxon gold 'bling', haven't heard about the £1.00 stash or of wombourne haha. Some of the Saxon hoard is still in Lichfield Cathedral,very cool. Well I just checked out the wombourne incident, nutters everyone knows the 'Public mint' is illegal who gives them the right to do what The Royal Mint does in 'our' country :/ lol. Let The Royal Mint do the dirty work instead :D |
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Valued Member
United Kingdom
183 Posts |
would selling a 50p kew garden coin that you got from circulation for £50, count towards your cgt limit? Royal Mint says 50p are only legal tender for up to £10. so would it lose it's cgt free status if it loses it's legal tender status? HH Edited by HawkHybrid
04/27/2014 11:21 am
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Valued Member
United Kingdom
109 Posts |
Having followed the price of 50ps for a long long time, I would say the Kew Gardens 50p will level out at around £20-£25. I am a collector and don't like parting with my coins, but when the price soared at around £100, I made sure to cash in. The hype has already died down but I'll wait a bit longer before I buy my coins back
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Pillar of the Community
United Kingdom
837 Posts |
Fascinating , how many Kew Garden 50p coins did you have and sell during the feeding frenzy that erupted ?
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Valued Member
United Kingdom
109 Posts |
Unfortunately I only had a couple, I did intend on buying a few but missed the opportunity to profit big-time like some people. I do have a nice kew gardens error coin - a bottle cap error as its known
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Pillar of the Community
United Kingdom
1351 Posts |
I paid £2 delivered for mine about 3 years ago.The mint had the mintages wrong.But hey a common coin.
A coin like the dateless 20p which will burn a few fingers.
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Pillar of the Community
United Kingdom
837 Posts |
Quote:
a bottle cap error as its known Pardon me, but what is a bottle cap error ?   |
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Valued Member
United Kingdom
109 Posts |
A bottle cap error is basically where the coin has been struck in such a way that it appears to be like a bottle cap. The rim is raised on the one side with the inside of the coin going inwards. Il have to take a photo of mine and show you. It's a really nice error and they're quite rare from what I gather
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Replies: 13 / Views: 2,938 |
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Posted 03/04/2014 5:20 pm
