I Am Shocked. The 2016 Gold Proof Britannias Almost All Gone

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Author	Replies: 8 / Views: 1,701
yup7676 Pillar of the Community United States 3789 Posts	Posted 08/26/2016 6:21 pm So I was just reading around and next thing I know, I go to the Royal Mints web site to look at the gold proof Britannias and whoa, all they have left are the 1/4 ounce, which also seem to be going. Now, I understand they limited their offerings this year in this category AND the design looks very nice, popular, but it always seemed to me that gold proof Britannias from the previous year would be lingering on the mint's site as well... this year doesn't seem to be the case.. Report this Post to the Staff

yup7676 Pillar of the Community United States 3789 Posts	Posted 10/01/2016 1:47 pm wow and now its sold out and going for almost double on ebay , dang!! Had no clue there would be such demand, previous years you could always find up on their Royal Mints site for sale lol Report this Post to the Staff
wiamcim Valued Member Germany 55 Posts	Posted 10/31/2016 04:37 am The new 2017 Sovereigns are available at £430, this features the REV design of St George and the Dragon by Benedetto Pistrucci because it's the 200th Anniversary of it first appearing on the George III Sovereigns in 1817. These are limited to 13,050 coins Report this Post to the Staff
Enlil Pillar of the Community Australia 560 Posts	Posted 11/01/2016 9:41 pm That is one fine looking coin. Report this Post to the Staff
wiamcim Valued Member Germany 55 Posts	Posted 11/07/2016 03:07 am They're now selling on ebay at between £550 and £600 Report this Post to the Staff
UltraRant Pillar of the Community Norway 1358 Posts	Posted 11/07/2016 05:40 am It was in the news not long ago that Brits now stack up gold (especially Brittannias) due to the uncertainty the Brexit brings for them. I guess that has a lot to do with the stock being gone so fast. Report this Post to the Staff
pwa 1967 Valued Member United Kingdom 190 Posts	Posted 11/07/2016 08:26 am Surely if you were going to stack up gold you would buy coins at scrap value or just over ?. Report this Post to the Staff
augsburger Pillar of the Community Germany 1064 Posts	Posted 11/07/2016 9:02 pm I think there is something called hording. Coins don't come under hording, they come under collecting. Hence why people do it. Report this Post to the Staff
wiamcim Valued Member Germany 55 Posts	Posted 11/10/2016 06:15 am PWA1967, not all gold is of scrap value, look at the 1989 sovereign, in 1989 you could buy this for around £190, today you couldn't get it for less than £850 Scrap value or just over would mean the coin has no numismatic value and of course therefor would be classed as scrap, even so you'd still pay above spot. The new bullion coinage can now be stacked against your pension as long as it's above 99.5% purity and wouldn't be liable for capital gains tax, older sovereigns are .916 gold where as the new bullion is .999 purity Report this Post to the Staff
	Replies: 8 / Views: 1,701

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