Author Topic: UK 5 pounds to commemorate Kate's second child  (Read 4416 times)

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Offline Pabitra

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Re: UK 5 pounds to commemorate Kate's second child
« Reply #15 on: May 07, 2015, 09:04:35 AM »
Then they should mint coins with my effigy.
I am surely going to look good :-)

Offline augsburger

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Re: UK 5 pounds to commemorate Kate's second child
« Reply #16 on: May 07, 2015, 09:16:38 AM »
Yeah, but after 60 years or whatever it is, you just get used to it, white noise kind of thing.  >:D

Offline Bimat

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UK 5 pounds to commemorate Kate's second child
« Reply #17 on: May 07, 2015, 11:07:20 AM »
The Royal Mint's £80 Princess Charlotte coin 'worth £9.72'

By Richard Dyson
1:27PM BST 06 May 2015

As with all items sold to celebrate a royal or other occasion, commemorative coins have both a collectible value and an inherent value based on what they're made of.

The collectible value depends on how many coins were struck and how much demand there is at the time of sale, and so is hard to determine.

But the value of the coin's precious metal content is easier to gauge - and it's often a lot less than the Royal Mint's sale price.

The "2015 Royal Birth Celebration Sovereign Struck on Day" coin, priced at £500, contains 7.988g of 22 carat gold.

At today's price of £784 per ounce (£25.21 per gram) that would put the value of the gold in the coin at £184.66. That calculation includes reducing the value of the gold by just under 10pc to account for the fact that it is 22 carat, and not the purer 24 carat, metal.

In other words the gold value of the coin is 37pc of its price.

"The Royal Birth 2015 United Kingdom £5 Gold Proof Coin", on sale at £1,800, below, contains 39.94g of 22 carat gold. The value of the gold here is £923.32, or 52pc of the coin's price.

The £80 "Royal Birth 2015 United Kingdom £5 Silver Proof Coin" contains 28.2g of sterling silver, currently valued at £9.72.
That's based on a silver price of £0.3474 per gram.

Royal Mint claims the metal content is only part of the worth of the coin to buyers. The design and quality and detail of the "print", as well as the limit of each edition, are all important to the total worth, it maintains.

"Proof" coins are the highest quality the Mint produces.

The Royal Mint explained: "The dies used to strike Proof coins are all hand-finished to ensure imperfections are removed before they are used to strike a coin. Proof coins will be struck up to six times, at a lower speed and with less pressure than other finishes to ensure a smoother, sharper finish and to preserve the finer details of the design.

"The dies are cleaned with air between the production of each coin to ensure that no marks or imperfections are caused during striking, and each Proof coin is removed from the press by hand and checked for imperfections after being struck."

Will buyers of coins at the Mint's prices be able to sell them again for the same value?

One example of the £80 silver proof coin is currently on sale on eBay for £159, suggesting some sellers think there could be a quick profit.

But Daniel Marburger, a gold and silver specialist at bullion broker CoinInvest.com, said: "Usually if there's a limited issue you could expect the coins to maintain something approaching the price paid. But if for some reason the owner needed to sell quickly, they could only count in being able to fetch the value of the gold or silver. That could be a lot less than the sum paid."

Demand for the coins is likely to be high, with the Royal Mint's website briefly going down this morning under the weight of demand.

Source: Telegraph
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