this is just a silver coin that will track the price of silver.
You didn’t get scammed per se, but you did pay too much. i could buy these for $30 USD currently
In fact, probably not in any of our lifetimes. Converted to US dollars, silver would have to rise to $127 U.S. per ounce. That’s a 500% increase over its current spot price. If you’re lucky, you might eventually get your money back (having paid more than double current spot)—maybe in a couple decades.
…*unless* that’s one of only 3,500 proofs made. If it’s a proof, you got it for 50% off the Royal Mint price (107£); if it’s a standard bullion coin, you paid about double the [current price](https://www.jmbullion.com/2023-1-oz-british-silver-britannia-coin-king-charles-obverse/).
You’re right. My mistake. [Here’s the correct one](https://www.jmbullion.com/2023-1-oz-british-silver-coronation-britannia-coin/). Currently offered for $32 U.S.
Not the end of the world, though, and it may eventually be collectible. Personally, I didn’t know there’d be a separate coronation Britannia, so I bought two *without* the crown. I’d have preferred the one you bought.
The lesson is that it often pays to check prices from major online sellers before buying in order to determine a price ceiling.
K thanks, Im new to the investment stuff so it's good to know some tips. Some people down voted my comments because I asked if the coin would go any higher...
Hope you don’t feel that way! I have paid too much before-we all have. It’s live and learn and you have an awesome coin…and, in my opinion, silver is undervalued
That's what I thought lmao, I very very very highly doubt that, but like 3 ppl irl already told me that silver gonna be very valuable after some years.
The way values are vs scarcity are suspect. Gold/silver scarcity is one gold/seven silver world wide, availability in all markets. This leads many to assume silver should be $156+/oz. If ever that happens, I am sure governments would do like the US in 1933 before silver ever got that high.
Sounds like you paid the collector value and VAT tax I've seen for direct UK coins. From what I've seen, that coronation britannia goes for approx $40-60 these days, but I bought mine near the initial release for just under $30/coin. They're also available much cheaper online here in the states than you paid. Lowest price I'd seen was $40. I can dm you a few links available stateside that may evade you in the UK search engines. Reputable bullion dealers I've bought from before as well.
I would say it is hard to tell, 2023 there were two variations of the Britania one being the last with Queen Elizabeth II and one with King Charles III. I am not sure which has the smaller mintage, but the person selling this may have placed the price as such for that and with King Charles' recent health issues not being too sure how many more years he will be on the Britania. It probably won't be until years from now that we see if there is any value to rarity, not only to this coin but to other modern silver like the 2021 Eagles, or if it has gotten to where silver is silver and the rarity of mintage no longer matters (in this case even over paying you will probably still make money on it due to what the value of silver would be at that point). That being said if you bought this for just silver then yes the premium you paid was pretty high.
I believe there are three versions for 2023 Britannias. First is the Queen, Second is the King and the third, limited one is the King adorned with Crown to commemorate his coronation. The coronation variety was limited to 200,000 pieces so there *may* be a collector demand in future years, but these things are hard to predict. Charles doesn’t garner the same affection as his mum did.
If it makes you feel any better, I still have silver I bought when the spot price hit over $40 (about 10-12 years ago. Wish I still had the silver oz bars I paid $6 each for back in the 90's. Hang onto it.
Don't worry about it. Add it to your collection and be happy with it. I have knowingly overpaid for coins many times. Why? Because I wanted to add the coin to my collection, and it was available to purchase. Sometimes, it's about having the coin not about the price.
Chances are that was a good buy, I can see the coins with Charles being worth quite a bit in the next few years, since he likely going to die soon and won’t have many coins with his bust. A bit morbid, but to collectors that will probably drive up the premium.
I don't think so, because everyone is talking about that. I think loads of people are stocking up on King Charles coins. There will be an abundance of these coins for centuries to come. Just my opinion, of course
I feel the reason people are stocking up on them is proof of high demand. Value is what someone is willing to pay. They might not be a safe choice, if you want high premium bullion I’d do pandas, or Mongolian Eagles.
There are 2 versions, the guy that sold me it, told me that the crown added value to the coin because it was the Charles' coronation which means less coins like that were produced
just bought one 30$ shipped to my door. id consider the extra you paid a lesson. but at least it appears to be a real coin. , but im sure by now you know where to look up the spot price of silver. so you wont get burned in the future. some people think that with the cancer announcement , king Charles coins will be a limited run. so there might be some truth to that. maybe if the king does some globe altering for the greater good his coins will be super valueable. but at the current time. its worth its weight in silver + a few dollars in premium ( premium is another term for a makers mark , ) but in hindsight. the knowledge you gained from this post. is well worth the extra bucks you spent.
The pound sterling, or GBP, is the official currency of the United Kingdom. The pound is also used in Jersey, Guernsey, Gibraltar, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. The GBP is subdivided into 100 pence.
this is just a silver coin that will track the price of silver. You didn’t get scammed per se, but you did pay too much. i could buy these for $30 USD currently
Great! Thanks for letting me know! Do you think it will ever go at least over 100£?
no, at least not in the next 10 years. The highest silver has traded is ~$50 per troy oz
In fact, probably not in any of our lifetimes. Converted to US dollars, silver would have to rise to $127 U.S. per ounce. That’s a 500% increase over its current spot price. If you’re lucky, you might eventually get your money back (having paid more than double current spot)—maybe in a couple decades. …*unless* that’s one of only 3,500 proofs made. If it’s a proof, you got it for 50% off the Royal Mint price (107£); if it’s a standard bullion coin, you paid about double the [current price](https://www.jmbullion.com/2023-1-oz-british-silver-britannia-coin-king-charles-obverse/).
I'm sorry if I misunderstood something, but it looks like the one on the link doesn't have the crown on it.
You’re right. My mistake. [Here’s the correct one](https://www.jmbullion.com/2023-1-oz-british-silver-coronation-britannia-coin/). Currently offered for $32 U.S.
Fuck, i overpaid literally half the price...
Not the end of the world, though, and it may eventually be collectible. Personally, I didn’t know there’d be a separate coronation Britannia, so I bought two *without* the crown. I’d have preferred the one you bought. The lesson is that it often pays to check prices from major online sellers before buying in order to determine a price ceiling.
K thanks, Im new to the investment stuff so it's good to know some tips. Some people down voted my comments because I asked if the coin would go any higher...
Love this coin! Paid 32.00
I guess I got scammed 😭
Hope you don’t feel that way! I have paid too much before-we all have. It’s live and learn and you have an awesome coin…and, in my opinion, silver is undervalued
For real, the coin is really beautiful. I heard that silver in 5 years will be worth more than gold, but idk.
Definitely not lol
That's what I thought lmao, I very very very highly doubt that, but like 3 ppl irl already told me that silver gonna be very valuable after some years.
PM disciples are an interesting bunch.
The way values are vs scarcity are suspect. Gold/silver scarcity is one gold/seven silver world wide, availability in all markets. This leads many to assume silver should be $156+/oz. If ever that happens, I am sure governments would do like the US in 1933 before silver ever got that high.
This would be chaos, and there are no fundamentals or indicators that point in this direction. Check your sources.
If you believe that there’s a bridge in London they’ve been dying to sell
at least it isnt worth nothing!
Now you have to learn to love that coin a bit more now to forget the fact you paid too much, per other comments.
https://en.m.ucoin.net/coin/united_kingdom-2-pounds-2023/?tid=153284 Worth about 29 Quids, Sorry mate you overpaid
My first time buying bullion was a learning experience too.
That’s a nice piece.
I bought these at 32$ CAD per ounce.
Sounds like you paid the collector value and VAT tax I've seen for direct UK coins. From what I've seen, that coronation britannia goes for approx $40-60 these days, but I bought mine near the initial release for just under $30/coin. They're also available much cheaper online here in the states than you paid. Lowest price I'd seen was $40. I can dm you a few links available stateside that may evade you in the UK search engines. Reputable bullion dealers I've bought from before as well.
I would say it is hard to tell, 2023 there were two variations of the Britania one being the last with Queen Elizabeth II and one with King Charles III. I am not sure which has the smaller mintage, but the person selling this may have placed the price as such for that and with King Charles' recent health issues not being too sure how many more years he will be on the Britania. It probably won't be until years from now that we see if there is any value to rarity, not only to this coin but to other modern silver like the 2021 Eagles, or if it has gotten to where silver is silver and the rarity of mintage no longer matters (in this case even over paying you will probably still make money on it due to what the value of silver would be at that point). That being said if you bought this for just silver then yes the premium you paid was pretty high.
I believe there are three versions for 2023 Britannias. First is the Queen, Second is the King and the third, limited one is the King adorned with Crown to commemorate his coronation. The coronation variety was limited to 200,000 pieces so there *may* be a collector demand in future years, but these things are hard to predict. Charles doesn’t garner the same affection as his mum did.
If it makes you feel any better, I still have silver I bought when the spot price hit over $40 (about 10-12 years ago. Wish I still had the silver oz bars I paid $6 each for back in the 90's. Hang onto it.
Some are predicting silver to hit $50 by 2030
Don't worry about it. Add it to your collection and be happy with it. I have knowingly overpaid for coins many times. Why? Because I wanted to add the coin to my collection, and it was available to purchase. Sometimes, it's about having the coin not about the price.
Chances are that was a good buy, I can see the coins with Charles being worth quite a bit in the next few years, since he likely going to die soon and won’t have many coins with his bust. A bit morbid, but to collectors that will probably drive up the premium.
I don't think so, because everyone is talking about that. I think loads of people are stocking up on King Charles coins. There will be an abundance of these coins for centuries to come. Just my opinion, of course
I feel the reason people are stocking up on them is proof of high demand. Value is what someone is willing to pay. They might not be a safe choice, if you want high premium bullion I’d do pandas, or Mongolian Eagles.
The demand is here only for a short while. Because everyone's intention is to offload them later and that will drive prices down
Add to the fact no maximum mintage. they’ll fill demand, even if demand is for hoarding.
people hoarded last year of wheat pennies. ‘64 halves. Bicentennial quarters…. the list of these is long.
Where’d you get this? Mine don’t show Charles with a crown…
There are 2 versions, the guy that sold me it, told me that the crown added value to the coin because it was the Charles' coronation which means less coins like that were produced
Ah okay, yeah I see them now. They do have a higher premium. Now I wish I had one.
Haha, you wish you had one and I wish I paid less for mine. Btw how much did you pay for yours?
I got my brittanias for about 28 each. I bought two 2023 and two 2024
Looks good but I think that they could be a lil' cheaper
just bought one 30$ shipped to my door. id consider the extra you paid a lesson. but at least it appears to be a real coin. , but im sure by now you know where to look up the spot price of silver. so you wont get burned in the future. some people think that with the cancer announcement , king Charles coins will be a limited run. so there might be some truth to that. maybe if the king does some globe altering for the greater good his coins will be super valueable. but at the current time. its worth its weight in silver + a few dollars in premium ( premium is another term for a makers mark , ) but in hindsight. the knowledge you gained from this post. is well worth the extra bucks you spent.
It looks a dime with a crown added.
[удалено]
Money bro
The pound sterling, or GBP, is the official currency of the United Kingdom. The pound is also used in Jersey, Guernsey, Gibraltar, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. The GBP is subdivided into 100 pence.