Coronation sovereign - A right royal fiasco..
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- Опубликовано: 11 июн 2023
- Hello and welcome to my channel!
I am a full-time gold and silver coin dealer trying to educate the market 1 video at a time. If you like unboxings, want insight into how the market works or just want to hear me rant about the market then this is the channel for you :D I also show lots of wonderful Shiney from Bullion to Numismatic.
If you like something you see and you want to buy or equally if you wish to sell to me feel free to email me at Shaun@backthemetal.com. if anyone wants to view my website please find it here www.backthemetal.com.
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please note I am not a financial advisor and as much as I am very capable in my field of work I am not permitted to give financial advice. 
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That’s not a rant whatsoever friend. Simply straight talk which I totally agree with. Too much of a quality risk when buying straight from the Mint. I’m prepared to pay extra on the secondary market to acquire top graded £5 sovereigns to collect. Thanks for the video.
Sometimes you simply have to call it how it is! You have good taste :)
Late night graft! Hope you’re doing well. Metal Head.
Im sorting my sleep pattern out! I am getting there!
The latest set has one incredibly big thing going for it - there hasn't been a crowned king on any UK coins since the reign of Charles II
Yes! The £5 proof at only 1,050 coins will be a key coin going forward.
I think it will do well in the future - if the quality is there.
100% agree they need to take a step back and rebook at how they do things and release less random coins
100% Agreed
Good to see your on the mend fella. I completely agree about the Royal Mint i've had a 100% bad experience with them and will not use them again.
Sadly your experience is mirrored by many many people, Hopefully the mint will take note.
Spot on fella. You are saying what most people are thinking. Glad to see you are getting back on your feet.
Totally agree with you, I have purchased a coronation sovereign just see as think will make a nice little set with the jubilee and memorial ones I have. In regard to the mint I'm in the same boat I won't purchase directly from them anymore as it's just issue after issue, I go through some of the other online dealers as at least they care to some degree.
I think there are some fantastic dealers out there who genuinely care about their clients, Ive bought from some amazing dealers in the past and some not so good ones.
Glad you’re back at it - keep bringing the fire! The RM will only change if we make them
I 100% agree with that last comment - if people dont buy they will change!
Looking well pal, great vid
I am getting there, I look less like skelator haha
Hello Shaun, it’s good to see you are on the mend. I think that the Coronation release will be a long term winner especially the five coin set. It’s interesting to remember the 1937 specimen set had a mintage of 5,500 whereas there are only 1,050 of the £5 proof coins.
I recognize there has been a lot of sovereign issues over the last 12 months but we have had a platinum jubilee (will never happen again) the sad death of QEII and hence the memorial sovereigns and now the coronation of a new monarch.
I am slowly slowly getting there, Its been a solid 3 months of slowly mending, I think you may be right in the long term if you are a collector thats great but the video was more to highlight the short comings of the mint (or at least recently)
Throwaway comment for the algorithm. Apparently, it helps to promote your channel. You are either up very late, or you scheduled the upload for your US subs. Glad you are feeling better. Loafer is going to bed. G'nite!
Thanks for that! I am sorting out my sleep pattern so will be up doing the odd bits I always get distracted from usually! I don't think I have many US subs tbh. Goodnight!
totally agree about the mint
I've not bought any of the proof sets from the RM themselves, just seen too many hassles and poor standards. I tried to buy some bullion from them last year and that was a hassle in itself unfortunately.
sadly, its better to go through other dealers these days.
If the Royal mint was a dedicated private business they would fail on quality, delivery and customer service. Would love to know if the CEO/ MD truly believes he’s doing a good job.
Good question!
It’s like a lottery these days when you buy from the Royal Mint, they’ve really become sloppy in quality control, almost Chinese sweatshop level if not worse
They have been awful of late.
I'm not a fan of graded coins myself , you get lovely proof in a lovely box which you throw in the bin and then put the coin in a crappy plastic coffin . ... but I know a fair few who would disagree with me . Being paranoid I always think the guy with the now graded coin can sell the box and papers to someone else for them to use on a coin that may not deserve it .
There is no right or wrong on grading its shades of grey and circumstance. The boxes do get sold, but you can't dictate the actions of others sadly, boxes are bought for a variety of reasons but I dont doubt some people have bad intentions :)
Morning all.
Off topic.
I get about a bit.
The "Mint" issue is becoming endemic.
The stories from Hinckley Point, Severn Trent, GE, NATS, and worse of all NHS, not very encouraging..
Our Government does not have our best interests at heart.
As of 02/08/23 a German in Germany has told me they are putting meat on ration.
Take care.
Regards
100% agree with you about RM same as many others. Love your content and I am glad to see you bouncing back.
Thank you for the ongoing support I really appreciate it.
I agree 100% with what you say about the Royal Mint , I've sent back so many coins now.... I'm getting to the point where I will cancel every set order (some I have) if I can't get a decent coin ... without having to return rubbish three , four or even five times ... it's not acceptable ..
they refuse to sent out returns labels , so you end up using several ink cartridges on printing etc...
I have ordered the new three sovereign set , but that could take months to arrive... but if it's bad I'll go for a refund.. and just buy a single ...
Glad your feeling better ... look forward to see what coins you have coming ..
Its a right pain, I think from all the experiences I have had in the past I dont have many good ones sadly.
Didn't buy the new release, mintage was far to high especially when some dealer sites are selling the same coin at £30 pounds discount compared to the RM
And free postage
Why would you go to the mint when its cheaper elsewhere and you get better service it would be stupid.
“ poor quality, substandard products” unfortunately, I think that generalises most modern big businesses and corporations in the modern world.
Sadly that is the way of the world - products are designed to fail as its more profitable.
good vid
Thank you and thank you for the continued support - it means alot :)
They need to make cheap bullion rounds that have some kind of unique pattern when they're minted, like have some kind of swirl in the metal, so you can check a high definition photo online to make sure it matches. Stamp it with a serial number and then if the weight and dimensions are exact there is no way to counterfeit it.
Im not sure it would help because the counterfeitters are one step behind.
To be fair, they say they've been around for 1000 years, not that they've been quality for 1000 years. hahah. I have a feeling that bullion sovs would be ultra cameo if they were minted by Perth Mint. As for suppliers giving you better service. I don't think Mints should be undercutting their supply network in terms of price (you're paying above wholesale but not RRP from your supplier, because you're a dealer), but certainly customer service should be at a minimum level expected of a business with a Royal Warrant. Along the lines of what you said, it would be the university grad, never done any real work or had any real responsibility in their life management, wasting revenue on pointless selfish diversions, being clueless and not open to self-reflection or criticism (females). Self-reflection and being open to criticism are traits which maintain standards (competitive spirit in men, which strives for ever higher standards). Then letting a core aspect of the business slip (quality control and response to customers), they're there because they qualified for the job in the interview, not because they actually have a passion for minting, or ever could develop one, as they're intellectually so removed from thinking in that way. So instead they have diversity training and all that nonsense going on at the management level in the Mint, instead of hard discussions about repairing customer relations and actually forging a plan to implement it.
I think it says on their invoice 1000 years dedicated to quality, I highlighted it when I sent mine back. I agree about Perth Mint comment they are a solid mint, I don't disagree with what you have said either. I have a masters degree myself and I have met a few people like what you have described.
@@shaunoliver1703 Oh really, it's on the invoice. hah. Thanks for the reply mate, guess i'm not avid enough a viewer of your channel then, sorry.. I'm one of those Jack of all trades but Masters of none types (that's my excuse). I didn't used to despise the upper end of the midwit bell end curve (that goes to Uni and subsequently promulgates their negative essence into this mess we call civilisation).. But as I grew in my knowledge of how people work and watched as life tested them and they were found lacking again and again, my patience thinned as my dissatisfaction grew. Out of that, I developed a new theory of mind which biforcates the species into two very different types of being, so I got something out of it I suppose. But this has nothing to do with lovely coins, or your cool wheeler dealer adventures, so forgive the detour.
@@dleetr tbh I appreciate people watch my content, I do have 600 plus videos cant watch them all! If I am honest if I ever did hire I would hire someone who is hungry rather than a graduate, you cant teach hunger nor savvy or at least I am at the point in my life where I feel that is the case
@@shaunoliver1703 In the days before the obsession with driving every kid they can through University, most industries that weren't using apprentices, used cadetships. Talent was identified from those working on the floor of the business and enterprising self-starters with half a clue, were brought through those programs. This was a win win, because you had people that knew the business you were in, they were just some mercenary savage, brought in with a business degree and a self important attitude, whom hopes to monkey branch from job to job as they chase ever higher salaries, like we have now. Or some arse sitting clown that hasn't actually done any real work whom is not shooting for the moon but also has no desire to work, or learn the business. Our economy has been transformed over the past 70 years, post WW2, with greater inefficiency as the goal it seems. Everything is being done at every level to make us less competitive. Anyway, this is another detour, sorry.
6 months bloody hell 0% interest loan for the mint
yep
👍👍
Thank you for the support
sounds like your mint aspires to ruin a reputation as much as the US mint. I ordered from dutch mint first time for ducats
I don't know much about the Dutch mint if I am honest. Any good?
@@shaunoliver1703 nothing has arrived yet but I have got a lot of modern proof and old gold ducats and they are always great. it is year 437 of the same style gold ducats now
You mention the '89 special proof but back then it never came close to selling out. It was rather unpopular with collectors. PF70's are now auctioning for around £1,900.
For all we know that could be the same with today's Coronation proof sov. I for one would not miss out. Total "must have" for any proof sov collector. Absolutely agree that R.M. prices are stratospheric at almost 2 times bullion value and quality has been let down due to manufacturing imperfections or poor handling at the mint.
Sorry I went over the video again as your comment didnt make sense to me, I was referring to the half but didnt meantion it! (whoops). I do think it will do well in the future if you get the quality sadly I have no faith they can make quality coins anymore.