Author Topic: Yet another coin collection  (Read 766 times)

0 Members and 1 Guest are viewing this topic.

Sorastro

  • Full Member
  • Posts: 1,160
    • View Profile
Yet another coin collection
« on: April 03, 2021, 12:35:54 PM »
"Own the official collection of 13 brand new 2021-dated U.K.coins today."

Once again these "bargains" are in some magazines, 13 coins for only £55....actual face value £13:88p

I know someone who has collected coins since they were a teenager and are now well into their 70's so has quite a varied collection. Like most collectors they collected over the years as an investment,  unfortunately it would seem these collections haven't kept their value and have, for whatever reason, turned out to be poor investments {unless of course you have a barrel full of Krugerrands}
I am not a pessimist, I just help them out when they're busy.

Old Cruser

  • Global Moderator
  • Senior Member
  • Posts: 8,629
  • Water please Not wine
    • View Profile
Re: Yet another coin collection
« Reply #1 on: April 09, 2021, 10:10:10 AM »
Hubby has a bag full of old coins. Several years ago I checked prices on the net and there didn't appear to be any which were worth any value. They were his mums so still packed away as a keepsake
The old lady with the wonky middle finger

kromercap

  • Full Member
  • Posts: 34
    • View Profile
Re: Yet another coin collection
« Reply #2 on: April 09, 2021, 08:54:58 PM »
Early decimal coins were mostly struck from Copper/ Nickel / Silver alloys and are nowadays worth considerably more as scrap metal than as currency, or as collectors items.
(More recent small-change coins are electro-plated steel, and have no scrap value.)

People with access to large quantities of small change will sometimes separate the early coinage from the later stuff with a magnet and weigh it in.

This should give you some idea of how good an investment definitive-pattern coins actually are.

And before anybody starts on about "Defacing the royal currency"...yes, you are allowed to destroy, deface, recycle, or do anything you want with a coin, provided you own it, or have the owners permission.


 

SMF spam blocked by CleanTalk