3 Reasons Why I Will Not Buy the 2022 Memorial Sovereign Coin
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- čas přidán 11. 02. 2023
- Here are 3 reasons why I will not be buying the 2022 gold memorial sovereign coin. This is a very open and honest analysis on the new memorial sovereign and why it may not be a very good investment for a lot of buyers out there. I discuss some of my past experiences in coin dealing and how these have helped me reach the conclusion that I will not be buying the Royal Mint's latest memorial sovereign
It's still the first Sov with Charlie Three on. Can't take that away from it. I don't see why they would move Sovs away from being low premium bullion and into a cash driven marketing exercise, beyond the upcoming Special Coronation Sov of course, hahah.
Krugerrand is also somewhat pink and all these coins are bought for the gold value alone.
Your observations, comments & thoughts on this matter were excellent & well reasoned. Thank you.
I just got the Memorial Sovereign, my first sovereign ever. It is a great design. I did know about the color beforehand, I would prefer a brighter tint. But, it is very nice.
Great advice and thoughts. Bullion coins are the only way forward for future investment growth against inflation and chaos in the world.
Mate I can buy these at 1/2 the premiums you are talking about. Anyone paying 14% on any current year bullion sovereign is a mug. I did pick up a few 5 coin proof sets as these will do nice over time.
When I recorded the video the price to buy these from some of the main bullion dealers was £405, they are a bit cheaper now because gold has fallen against the pound
Got my 1/2 for 371 but yes they did go up but will email you dave later this week for some more
I agree, the color is off putting. When put next to a Britannia or Buffalo, my American Gold Eagle has a slightly reddish hue from the silver and copper alloys, but nothing like that pink monstrosity. I’ve long admired the Sovereign but never bought one. My local coin shop is selling BU random date King George Sovereigns for US$475, but I defaulted to a 1/4 oz AGE.
I'm American and I frequently buy BU sovereigns. They're not pink. It's a hard color to describe. It's like a brown with a hue.
Appreciate this is 5 months after the video was released but seen a few of these graded pf70 proof selling at similar or slightly lower than release prices.
Bang on point. I really don't like that pinky/copper ish colour of the "new" Sovereigns. Actually, those minted around 2000 are still accteptable, they ain't that bad still. But the recent years... no, thank you Royal Mint. The same applies to the Krugerrands - the coins from 70's look really nice. And the recent ones look just bad - red copper ish colour. They don't look like gold coins AT ALL
As i keep saying, Tell the mints how much you Hate the copper colour. Maybe if people stopped buying them , they will also make a change.
I’ve bought some of these sovereigns as it has Charle III on them. I don’t think he will be around long so they will become rare.
I bough both 2022 Memorial Sovereign, the QEII and the KCIII, because the premium was just 1 euro higher than random circulated Sovereign. I'm fine with the pink color, in fact, the more I look at it, the more I like it, very shiny. Overpaying 1 euro in premium is a symbolic price for the possibility of increased collectible interest in these coins. I must say that it's weird the premium gap between Memorial and standard sovereign basically disappeared on my favorite bullion dealer.
So, for a complete neophyte, which gold coins would you suggest buying for a long-term safe investment?
It look like rose gold in colour. Which means its a shade of pink.
I got 2 of them and they don't look pink and you may want to check the weight in the listings on the royal mint before you get any
If the colour is the issue why not just strip the first layer of copper off using heat and pickle?
Don’t buy coins from the RM
the premiums are so high now, you need gold to go up a lot to make a profit on the coins
Is it because there’s a shortage of Silver, so they need to add more copper than they have in the past?
I do not think it is due to any silver shortages as they only need a tiny amount of silver for each sovereign, I think the Royal Mint are trying to stand out for their rose gold sovereigns. Plus copper is cheaper than silver, I do not know if that is a factor or not
They look pink on the photos but it's not what they look like in hand. It's a difficult color to describe but it's like a dark brown with golden accents. You're probably correct that many people on the street wouldn't guess it to be a gold coin. However is that a bad thing? Nearly every other modern gold bullion coin clearly says gold on it. If you ever needed clandestine gold, then the sovereign is the way to go. They probably need to put some silver in it but I don't hate the current color as much as others.
Dale?
My understanding is metals are added to the Gold to make the coin 'last longer' 'less damage' ? Do gold coins need to be hardened up at all? Its not like they are carried around in ones pocket. Gold is gold but rose coloured gold just doesnt look right especially on our coins. Rose coloured watches are a diferent thing...
Sovereigns are 22kt and was used as money so had to be hardened
@@andrewsmith5230 I hear you Andrew but The key word is used to be used as money although one would be a fool to accept face value on them now. So I repeat for you and you alone Andrew that they no longer need to be hardened. They mostly spend thier life on display or in an album these days.
@@alan1340 indeed but for me personally they can't make them 24k and or change the weight or the size that what makes them a sovereign been the same since 1817
They should not of changed the colour though. It's a stupid move to save them a few pence per coin but I will still buy
(Although I don't own any yet only own a bit of silver I'm just getting into it)
@@andrewsmith5230 I lost faith in Silver 'Stacking' and recently traded my silver in to purchase Sovs and fractional sovs luckily I found a good broker who is helping me.The colour change is annoying but thats all because the identity and value of the Sov hasn't changed. And yes they are an odd weight etc.
You’re bang on - very disappointed by the new bullion sovereigns - no one wants a pink coin!
Royal mint should pony up and axe the copper for silver
Also think you’re right on the over saturation of “specials”
With me it's all about the premium 3 4 5 per cent I want on principle pay more . All this limited bull don't, just a cheap trick to fool the naive .
Totally agree with you, rose gold on watches are fine but not british sovereigns
I won’t buy them as i don’t like Charlie boy. He is WEF founder member. Not my king.
He is a lot more divisive than the late Queen that is for sure
OK you don't care for the King,does that mean you won't be spending the money in your pocket when his face is on all coins and notes.
@@antonyrobinson9973
He’s face isn’t on a bank card 😉
That's just silly. If you're into numismatics or stacking then it doesn't matter whose head is on the coin.
@@robertharding2654 no it’s not, I also won’t buy a coin, with that idiot on it.