New 2014 Proof Britannia is an absolute beauty

mmissinglink said:
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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I am with you regarding the absurdity of 1/20th and 1/40th oz coins...I have purchased some 1/2 oz rounds (not coins) but those are for if ever the SHTF. I would be interested to know whether the mint with be issuing solo 1 oz gold proof britannias, and if so will they be issued though the mint or pre-sold through a private company(s) as a First Struck, like they did with the 750 5oz silver proofs . Thus far they have release 250 in set form, with a total reported mintage of 400. The 5 oz gold proofs go for 7500 pounds. Is it reasonable to assume that as a solo coin they might be priced at 2000 pounds? If so, I would definitely save up for that , with a mintage as low as 400!
 
I have the 5-coin set of gold pandas, and they are beautiful from 1oz to 1/4oz. The 1/10 and 1/20oz are quite small and the strike isn't as nice as the bigger coins.

Now 1/40oz, that's super small! At 8mm diameter the coin is very rough in design.
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Source: http://www.royalmint.com/shop/The_Britannia_2014_Premium_Six_Coin_Gold_Proof_Set
 
Luker said:
I am with you regarding the absurdity of 1/20th and 1/40th oz coins...I have purchased some 1/2 oz rounds (not coins) but those are for if ever the SHTF. I would be interested to know whether the mint with be issuing solo 1 oz gold proof britannias, and if so will they be issued though the mint or pre-sold through a private company(s) as a First Struck, like they did with the 750 5oz silver proofs . Thus far they have release 250 in set form, with a total reported mintage of 400. The 5 oz gold proofs go for 7500 pounds. Is it reasonable to assume that as a solo coin they might be priced at 2000 pounds? If so, I would definitely save up for that , with a mintage as low as 400!
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If you look at other Royal Mint 1oz gold proof, they are priced at GBP1,950... roughly 2x spot. Too bad Royal Mint did not start the Britannia series with 1oz gold proof; that would be a nice collection.

Only 1/4oz comes in single coin, other gold proof denominations are from sets but at recent years Royal Mint dropped 1/4oz in favor of 1/20oz.
 
Received a 5 oz and 1 oz today. Both coins are stunning. No visible issues and there was even little numbered QC stickers in the box.

Photo taken with an iPad just now. It doesn't do them justice:

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My wife (who has no interest in silver apart from trying to stop my purchases) complained that the very nice presentation box must have been worth more than the coin. I didn't tell her how much I paid :D
 
SilverPete said:
My wife (who has no interest in silver apart from trying to stop my purchases) complained that the very nice presentation box must have been worth more than the coin. I didn't tell her how much I paid :D
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Yes, some things are left unsaid. :)


The whole presentation of the 2014 5 oz silver Britannia is quite fine...for sure, one of the finest collectible coins I have ever seen with my own eyes. Glad I found out about it through this forum....prior to this purchase from the RM, I was not on their mailing list (because I placed no orders with the RM prior to this) so I don't know if i would have learned of this Britannia otherwise. I have never been a Britannia fan and so it's not a coin I normally search for.

Too bad the 2014 5 oz gold Britannia is way out of my expenditure range....it sure would be a treasure to own. I am quite satisfied with the silver though...maybe it looks better in shiny silver anyway?




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SilverPete said:
Received a 5 oz and 1 oz today. Both coins are stunning. No visible issues and there was even little numbered QC stickers in the box.

Photo taken with an iPad just now. It doesn't do them justice:
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It's possible that with the complaints the RM received from members here alone, that they have really stepped up their QC. Hey, if that's what it takes... Of course, stepping up their QC doesn't address the issue of lack of transparency by the RM with releasing coins to a private firm prior to those offered to the public. That issue will need to be addressed by the RM as well if they are expecting to keep me as a loyal customer.




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For those who returned your 2014 5oz Silver Proof Britannia(s): Did any of you have COA #105?

The reason I ask is that I received my coin today (ordered 8/14/2014). It appears to me to have fingerprints on the periphery of the mirror surface just lateral to the beginning of 2014 (at ~ the 6:30 position) a few mm wide but perhaps as long as 15mm. Also a few smaller spots near the "JC" mark at the 5:30 position. I don't know whether these are milk-spots or fingerprints. Definitely not on the casing. Pretty disappointed as this is the second coin I have received this week that was of subpar quality.
 
The COA likely is added into the OGP upon packaging/repackaging. Take some close-up photos and send them to Royal Mint's customer service, they will ask you to return the coin.

With such high polished mirrored finish any minute flaws will be obvious.
 
Luker said:
For those who returned your 2014 5oz Silver Proof Britannia(s): Did any of you have COA #105?

The reason I ask is that I received my coin today (ordered 8/14/2014). It appears to me to have fingerprints on the periphery of the mirror surface just lateral to the beginning of 2014 (at ~ the 6:30 position) a few mm wide but perhaps as long as 15mm. Also a few smaller spots near the "JC" mark at the 5:30 position. I don't know whether these are milk-spots or fingerprints. Definitely not on the casing. Pretty disappointed as this is the second coin I have received this week that was of subpar quality.
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I had markings that looked a little like fingerprints but were not...they were tiny dry particles of dust or plastic. I managed to get the capsule halves separated enough so that I can shoot in a few jets of air and the tiny particles were blown off the surface of the coin.

It's hard to believe that a customer would have left any markings on the 5 oz coin. The reason....those capsules are next to impossible to open completely (enough to get the copin out) without breaking/cracking the capsule. Surely a coin returned in a cracked capsule would have been thoroughly inspected by the RM QC before replacing the capsule I'd think.




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the Royal Mint capsules are pretty easy to open, just twist a little and unscrew it all the way. I have many proof Britannias and opened 5x 5oz proof Britannias before.

Its not like Royal Mint uses Air-tite capsules; now that's a challenge to get it opened :p
 
Ignore my ignorance.

Why so many 5 oz 2014 return for exchange?

Who responsible for the shipping? Customer or RM?

Really hope the some coin companies sell the slab with slight higher than RM. I loss confident after reading this thread and try to avoid reading. However, I fail for not following the news here.
 
andrewlee10 said:
Ignore my ignorance.

Why so many 5 oz 2014 return for exchange?

Who responsible for the shipping? Customer or RM?

Really hope the some coin companies sell the slab with slight higher than RM. I loss confident after reading this thread and try to avoid reading. However, I fail for not following the news here.
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Yes, there are slabbed versions of the 5 oz coins already available but they carry a very hefty premium. The one's that I know of that are available are Numbered First Struck editions which come with a special COA issued from the RM. These are the one's that were sold to a private firm prior to the public sale. NGC's Numbered First Struck is upheld to very different standards than NGC's "Early Strike" or PCGS's "First Strike" in that NGC must receive official documentation from the issuing mint that the coins they are being asked to grade Numbered First Struck are indeed the first X coins minted off the press. That's why those that bear this label and special COA will carry a very hefty premium.



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