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2012 Diamond Jubilee Commemorative Coins 22 CT Gold

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New Member

United Kingdom
3 Posts
 Posted 04/15/2014  2:09 pm Show Profile   Bookmark this topic Add rasrock to your friends list Get a Link to this Message Number of Subscribers
Hello,

I wonder if anyone could give us some advice?

We are retired folks living in Scotland and are keen to invest in some gold coins. We are new to gold investing and this coin is certainly at the upper price tag of the market.

We are wondering whether or not it is worth purchasing a 2012 Diamond Jubilee Commemorative Coin (22 ct gold) from The Royal Mint with only a few now available.

It's a lot of money to fork out and we'd like to know if folks think this would offer a return in the short or even long-term.

So, to sum up: Is it a worthwhile investment?

Many thanks for your time in advance.

Pete
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alganbagerap's Avatar
United Kingdom
2490 Posts
 Posted 04/15/2014  3:37 pm  Show Profile   Bookmark this reply Add alganbagerap to your friends list Get a Link to this Reply
Short answer.No.
The Royal Mint are now in the business of selling overpriced "collectables". As an exercise, pick anything in their range from say two years ago, then look it up on ebay. Be sure to check the "completed listings" as well as he "sold". You usually see a lot of sellers looking for a short term profit who are in for a nasty shock. RM prices bear no relationship to current bullion price, and in most cases the difference is too great to even recoup your original outlay.
New Member
United Kingdom
3 Posts
 Posted 04/15/2014  5:02 pm  Show Profile   Bookmark this reply Add rasrock to your friends list Get a Link to this Reply
Hi there,

Hmm. Thank you very much for your reply. I read the article on this site on that very topic a few minutes ago...So, as you say, seems risky. Certainly not worth that level of investment.

So, maybe rare coins outside of The Royal Mint is a better bet? Looks like I have a great deal of research to do.
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alganbagerap's Avatar
United Kingdom
2490 Posts
 Posted 04/15/2014  6:09 pm  Show Profile   Bookmark this reply Add alganbagerap to your friends list Get a Link to this Reply
Depending on the level of investment and the level of risk involved, a middle way has occurred to me.
Just as a brand new car depreciates from the first day you buy it, so do these hyped commemorative issues. But after a certain number of years, the car's price bottoms out. It's never going to be worth more, but the price can't go any lower.
Maybe a careful trawl through the Mint's older issues on ebay could produce a clutch of silver & possibly gold items that have bottomed out way beneath their issue price.These could be worth a punt. Bullion prices are being kept artificially low at present, but every so often there is a "dead cat bounce". I might even look at this myself.
New Member
United Kingdom
3 Posts
 Posted 04/16/2014  07:13 am  Show Profile   Bookmark this reply Add rasrock to your friends list Get a Link to this Reply
That's a very useful next step. I'll start doing that this evening.Thank you so much for your advice.

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Arkie's Avatar
United States
2637 Posts
 Posted 04/16/2014  2:02 pm  Show Profile   Bookmark this reply Add Arkie to your friends list Get a Link to this Reply

Quote:
But after a certain number of years, the car's price bottoms out. It's never going to be worth more, but the price can't go any lower.


I remember when I saw some $10 US gold Olympic coins being sold for $170 each. I had not seen them advertised when they were issued, but believed that to be well below what they had originally sold for, so I bought three. I still have one.
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