Gold Sovereigns

UK Bullion Dealer of the Year 2016

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Government Wealth Warning on Royal Mint's Coins?
The Royal Mint's prices on some of its coin collections seem rather high, yet people buy them by the thousand. Is this likely to erode public trust?

Save Over £500!*
The Royal Mint, not content with its monopoly in producing new sovereigns, has for some years now been buying mintmark sets of sovereigns from the numismatic trade, and marketing them to its "Coin Club" members (customers) at prices which seem surprisingly high to us. Sadly because most of its customers are not coin collectors, but ordinary members of the public who appear to trust the Royal Mint without question.
As we wrote this, the Royal Mint's latest price on its George V mintmark collection was £1,245! We should point out, in mitigation, that the Mint's collection does come in a quite impressive wooden box, with each coin in its own capsule, and with an informative booklet / certificate. At a pinch, the presentation might be worth as much as £50, but on the negative side, the quality of some of their coins is rather interesting. We have the advantage of having seen a number of the Royal Mint's sets, so we know their typical grades. Some of their coins would not even make it into our lowest grade / price. Otherwise their sets are closest to our lowest graded set.
Even our most expensive set is £350 less than the Royal Mint's offering. Perhaps we should have increased our prices, but we just couldn't bring ourselves to charging poor value* prices.

*Relevant Dates & Other Information
Our "Save Over £500!" heading originated in or around 2000, on one of the following pages.
As it is no longer a simple matter for us to determine our original publication date. In an effort to ensure that our comments remain historically accurate and fair, we note the following, and will add any more data as it becomes available:

  • The back cover of the Royal Mint's certificate states "Crown Copyright 2000".
  • The certificate states "This collection comprises seven sovereigns of George V..."
  • Our mintmark sets are all of George V sovereigns, so they are directly comparable with the Royal Mint's sets.
  • All price comparisons were correct at the time of writing.
  • The Royal Mint may not be offering any similar sets currently.
Examples
There are many other examples we could quote of Royal Mint pricing being, in our opinion, very high. Here are a selection:

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Set of 7 Different Mintmarked Sovereigns in Case
Set of 7 Different Mintmarked Sovereigns in Case

1925 London Mint - No Mintmark

1925 London Mint - No Mintmark

1924 S = Sydney Mintmark

1924 S = Sydney Mintmark

1924 M = Melbourne Mint

1924 M = Melbourne Mint

1922 P = Perth Australia Mint

1922 P = Perth Australia Mint

1913 C = Ottawa Canada

1913 C = Ottawa Canada

1918 I = Bombay India

1918 I = Bombay India

1932 S.A. = Pretoria Mint South Africa

1932 S.A. = Pretoria Mint South Africa

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The Chard "Gold Sovereigns" website is owned and operated by Chard (1964) Limited
32 - 36 Harrowside, Blackpool, Lancashire, FY4 1RJ, England. Telephone (44) - (0) 1253 - 343081; Fax 408058
E-mail: Contact Us The URL for our main page is: https://goldsovereigns.co.uk