milkyspot said:
The gold/silver 5oz britannia are really georgeous but way too overprized.
Overpriced, depending on which seller you are looking at.
Overprized ...maybe...by those who believe that the 2014 5 oz proof Britannia is one of the finest silver coin designs produced by any mint in a long time.
What would you say is a fair price?
What's bizarre, and I'm not pointing the finger at you milkyspot (because I don't know you), is that almost every person who says that a particular collector coin is overpriced will pay similar or very high premiums for another collector coin or piece of silver which is way over the current spot price of silver as well. This happens all the time and many of times for coins or silver products that are not nearly as scarce as the 2014 proof Britannia or not nearly as much production time / resources going into it as a coin like the 2014 proof Britannia.
My argument in favor of the high value of the 2014 5 oz proof Britannia (I'm not talking about the nearly USD $5,000 that one seller may be asking for an ungraded version but closer to the USD $1,500 - $1,750 mark) is that it is a remarkably well designed and aesthetically exceptional coin by a designer / sculptor who is apparently a big deal now for the RM. It's also the first (ultra) high relief proof Britannia ever. An incredible amount of work was put into the creation of this coin....each coin is struck numerous times as just one example.
I would call this coin a benchmark coin because it exemplifies the highest degree of coin design and production by one of the oldest continuously operating and highly regarded mints in the world, the Royal Mint. It's anything but your average coin. The mintage is very low and demand in the after market has been significant (though at the moment it may be not strong).
When the 2015 high relief proof Britannia arrives on the market, demand for the 2014 Britannia may drive up again.
Either way, and no matter what someone perceives the value of the 2014 5 oz proof Britannia, I think there's generally little disagreement that the design is a real winner.
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