Author Topic: UK Commemorative coins for 2020  (Read 1153 times)

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Offline Deeman

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Re: UK Commemorative coins for 2020
« Reply #30 on: November 08, 2019, 03:52:30 PM »
Look at their annual report. They are dependent on sales to collectors, so they'll put the Christmas poop emoji on a "coin" (if they haven't already) if they think there is enough demand to offset fixed cost.

I understand that, but 29 issued between 2017 & 2019 is somewhat excessive, averaging out at approx. one every 5 weeks. That exceeds the 50p issues and vastly exceeds the 2 issues.

Offline Figleaf

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Re: UK Commemorative coins for 2020
« Reply #31 on: November 08, 2019, 05:02:01 PM »
Wrong logic. The powers that be at the Mint don't care about the dignity of the country, monetary logic or even the favour of collectors. Their only target is to wring a maximum amount of money out of the get-rich-quickly crowd. It has been done before. Cuba, North Korea, China, Poland, Marshall Islands, Gibraltar, Isle of Man, the list goes on. The poor or the shameless (mostly both). That level. It always ended with a collapse of demand from collectors, leaving the greedy with what is known as "stranded assets". Caveat emptor.

An unidentified coin is a piece of metal. An identified coin is a piece of history.