New 2014 Proof Britannia is an absolute beauty

SilverPete said:
The 5 oz web page still has "over 60% sold" after many weeks. I guess that will always be technically accurate but I wonder how many are remaining?
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Could be because:

X number have been sold since they last updated the site while approximately the same number X have been returned during that period.

Or it could just be that they have not updated their site to reflect the current sales.


Either way, under 1,500 max minted is still a relatively low mintage number. If less are sold, that means that there will be fewer out there in collector's hands and fewer minted / available might not be such a bad thing in the end anyway for those who purchased one.

I don't know when the RM is going to close sales for this coin but I hope when they do, they will declare the actual number sold. The remainder are supposed to get destroyed (melted).


This coin has a winning design and it is technically a masterpiece. It will probably remain the defacto most acclaimed Britannica proof design that all proof Britannica's from here on in will try to be compared to. Even 10 years from now, they will be saying things like, "Yeah, the 2024 5 oz silver proof Britannia is very nice but still doesn't come close to the 2014". :)




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Royal Mint will be selling the coins until they are sold out, or until 2015 Britannia is out. This was the case for 2013's proof Britannia.

Then the actual mintage number will be released 1-2 years later.
 
yrh0413 said:
Royal Mint will be selling the coins until they are sold out, or until 2015 Britannia is out. This was the case for 2013's proof Britannia.

Then the actual mintage number will be released 1-2 years later.
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Obviously the RM can not sell more than they mint (which is the max mintage). Does the proof Britannia design usually come out around the same time every year? This is the first year I have bought a proof Britannia.





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Last year was the first year I bought from the mint directly, and the 2013 proof Britannia was released in August/Sept. The 1oz silver sold out in around 6-8 months but 5oz was still available till May/June 2014.
 
:p I still think our photos do better justice than the NGC slab haha! Can't even see any high relief on the eBay posting.
And bugger flipping this for 3x its release price!

By the way looks like all 750 coins were graded as first release... One of first 750 struck instead of first 150 struck. :) Likely all 750 of them are sourced to govmint.
 
Yes yrh, I confirmed with GovMint today regarding the Numbered First Struck Britannia's. I was given the wrong numbers the first time I spoke with the associate there. He told me that the Numbered First Struck was 150 but in reality it is 750 and those were in fact the 750 that the NGC census data indicated.

I was also told that the price for the PF70 of the FS 2014 Britannia was being sold for $995.00 while the PF69 was selling for about $800.00. So the eBay seller has it listed for almost double the price that GovMint was selling for, not triple.

Is that NGC holder for a 10 oz size coin or is that their standard 5 oz size holder?




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well the way I look at it...

Buy from Royal Mint: $550
Graded by NGC: $995
Sell on eBay: $1,750

Govmint earns 100%, eBay seller earns 100%. Customer pays 3x its release price for a PF70. :p :D

Seriously with over 500 graded as PF70 I am pretty sure those who get direct from Royal Mint would stand a high chance for a PF70 if they send theirs for grading.
 
yrh, what do you think the 5 oz coin you received would have graded at? PF69? Less? Maybe many of the coins sold directly by the RM are less than PF69 quality? My coin looks to be in superb condition....but I am no professional; grader.

Share pictures of your replacement coin once you get it....I'm curious as to the quality of the replacement and the COA number.





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the previous spotted copy, probably going to be graded a PF67/68 since it comes with spots. But without the spots it likely to be a PF70 from my naked eye. I'm no professional grader myself.

Hmm... bout the COA I forgot what was the # on my first coin LOL! I think it was #048 or #043...
 
Are milk spots considered defects by NGC and PCGS? I thought that they do not consider those defects....am I wrong? I have not found any definitive official NGC / PCGS policy on grading coins with milk spots and how, if at all, it affects the grade.




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if milk spots are there upon grading, the coin will get lower grade as spots are considered defects. however milk spots might still appear after the coin is graded and slabbed; when that happens the coin will no longer retain its original grade when it goes through regrading.
 
Any way to retard the development of milk spots if a coin is prone to developing them anyway? For example, if we know that bullion silver Canadian Maple Leafs (SCML) are prone to developing milk spots and we have a high grade slabbed SCML in our possesion, is there anything we can do to help retard or prevent the spots from developing? Will keeping the slabbed coin wrapped tightly in non PVC plastic help? Does certain elements or substances in the air exacerbate the development of milk spots?



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mmissinglink said:
Any way to retard the development of milk spots if a coin is prone to developing them anyway? For example, if we know that bullion silver Canadian Maple Leafs (SCML) are prone to developing milk spots and we have a high grade slabbed SCML in our possesion, is there anything we can do to help retard or prevent the spots from developing? Will keeping the slabbed coin wrapped tightly in non PVC plastic help? Does certain elements or substances in the air exacerbate the development of milk spots?
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Moving coins from tube to air-tite capsule and placing the capsule into a LDPE zip bag seems to work well, at least it has with Somalia Elephants.
 
Sealed mint tube cannot prevent milk spots for Canadian silvers?
How about royal mint tube for silver britannia?
It appears that royal mint horse silver coins are easy to have milk spots. And most of them have dings here and there at the beginning.

db23 said:
mmissinglink said:
Any way to retard the development of milk spots if a coin is prone to developing them anyway? For example, if we know that bullion silver Canadian Maple Leafs (SCML) are prone to developing milk spots and we have a high grade slabbed SCML in our possesion, is there anything we can do to help retard or prevent the spots from developing? Will keeping the slabbed coin wrapped tightly in non PVC plastic help? Does certain elements or substances in the air exacerbate the development of milk spots?
Click to expand...
Moving coins from tube to air-tite capsule and placing the capsule into a LDPE zip bag seems to work well, at least it has with Somalia Elephants.
Click to expand...
 
db23 said:
mmissinglink said:
Any way to retard the development of milk spots if a coin is prone to developing them anyway? For example, if we know that bullion silver Canadian Maple Leafs (SCML) are prone to developing milk spots and we have a high grade slabbed SCML in our possesion, is there anything we can do to help retard or prevent the spots from developing? Will keeping the slabbed coin wrapped tightly in non PVC plastic help? Does certain elements or substances in the air exacerbate the development of milk spots?
Click to expand...
Moving coins from tube to air-tite capsule and placing the capsule into a LDPE zip bag seems to work well, at least it has with Somalia Elephants.
Click to expand...



It is fair then to say that silver coins coming into contact with air not only exacerbates tarnish but also milk spots?




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Royal Mint received my returned 5oz proof Britannia, but I was told that the Mint is waiting for new stocks to be produced and expected despatch date is after 6 Sept.
I guess that answers the question of: Does the Mint produce all 1,150 coins at one go?
 
Royal Mint Launches 2014 Britannia One-Fortieth Ounce Gold Proof Coin

September 1, 2014 By Michael Alexander Leave a Comment

http://news.coinupdate.com/royal-mint-launches-britannia-one-fortieth-ounce-gold-proof-coin-4457/


The Royal Mint have launched the latest addition to the popular Britannia proof range of coins, representing the the smallest coin to be minted since the formation of the United Kingdom more than 300 years ago. At just an 0.8 grams in weight and 8 mm in diameter, this is one of the smallest precious metals coins to be produced by any Mint. Following on from Robert Hunt's 2013 Grecian Britannia, this year's elegant yet powerful interpretation by Royal Mint engraver Jody Clark features an art deco Britannia, standing proudly in front of a three-dimensional globe, accompanied by a lion, its tail draped protectively around her feet.

2014 Fortieth Ounce Gold Britannia

The allegorical figure, or representation of Britannia first appeared on Roman coins about 2,000 years ago, and since then has evolved to represent the strengths and challenges of Britain, from queen of the seas on the copper coins of George III to the warrior seen on the pennies of George IV and through the change brought about by decimalization when she graced Christopher Ironside's famous seven-sided 50 pence coin. Britannia returns in 2014 re-imagined in a stunning contemporary reverse design. The Britannia collection for 2014 was launched in July with a choice of individual coins and sets, struck in .999 fine silver or .9999 fine gold. This is now followed by the release on an individual basis of the Fortieth-Ounce coin in September.
2014 Britannia Fortieth Ounce Silver Coin

Denomination Metal Weight Diameter Quality Mintage
5 Pence .999 silver .8 gram 8 mm. Proof 2750 pieces
50 Pence .925 gold .8 gram 8 mm. Proof 10,000 pieces

Each coin is housed in a distinguished Royal Mint case, tailored to each coin or set, complemented by a booklet that reveals Britannia's story and the inspiration behind the design. A Certificate of Authenticity will accompany the chosen item, confirming that it is part of a limited presentation.

For information or to order the new 2014 Britannia Gold and Silver Proof Coins, please visit this section of the Royal Mint website. Information offered in English international orders dispatched.

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....and this already on eBAY:


2014 Great Britain Gold Britannia Proof 1/40 Ounce 50p PF 70 EARLY RELEASES

Price:

US $500.00

(that's $20,000/oz)

http://www.ebay.com/itm/like/171438839079
 
db23 said:
mmissinglink said:
Any way to retard the development of milk spots if a coin is prone to developing them anyway? For example, if we know that bullion silver Canadian Maple Leafs (SCML) are prone to developing milk spots and we have a high grade slabbed SCML in our possesion, is there anything we can do to help retard or prevent the spots from developing? Will keeping the slabbed coin wrapped tightly in non PVC plastic help? Does certain elements or substances in the air exacerbate the development of milk spots?
Click to expand...
Moving coins from tube to air-tite capsule and placing the capsule into a LDPE zip bag seems to work well, at least it has with Somalia Elephants.
Click to expand...

milky spots have little to do with storage condition, but a lot to do with the silver quality that mint used to make the coin. I have variety of silver coins from different mint, ALL stored in capsules, and ALL capsules are stored in the same tight aluminum box. Yet, some coins, like RCM wildlife coins, some Britannia bullion coins, MANY Somalia Elephants from different years, and several Philharmonic coins, ALL developed milky spots. They were NOT there when I just got them. Where I live is pretty dry vast majority of a year.

But some coins do not develop milky spots. NEVER had I got a Panda coin got milky spots even though they stored in the same box with those developed milky spots, and NONE of proof coins from any mint got milky spots.

So from my experience, there is NOTHING to do with storage condition
 
picturefun, thank you for that informative comment.

I have read so many differing views on milk spots that it gets all too confusing as to what to believe. But I think you have settled the issue of milk spots for good because of the fact that you have a variety of coins kept in the same atmospheric conditions with none starting off with milk spots and certain one's prone to developing them. That's more or less clears this up for me. Bottom line, nothing that people can really do about the development of milk spots on coins....seems like onlt the mint's can resolve this matter....afterall, they can mint proof coins which rarely ever get milk spots.



yrh, so maybe you will get a (near) perfect 2014 5 oz proof Britannia afterall....I hope yours is a winner! Post pics when you can.



Luker, $20,000 / ounce....wow! Talk about a hefty premium...holy crap. It seems a bit on the absurd to me....a 20th ounce coin....why not just make it a 1 grain microscopic coin....that'd be something special. :)
In my view, no precious metal coin under 1 oz is worth buying unless I can buy it at spot. I mean, in my view, the reason I usually get a coin is (other than its precious metal content) because I want to be able to appreciate the design. With any coin under an ounce, I just won't be able to appreciate the design. That's why I'm a fan of 5 oz coins...in my view, these are a terrific size for most designs. The difference between the 5 oz silver Britannia and the smaller silver proof coins seems fairly evident to me as to why I stay away from small coins..



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