Evening folks
The weekly silver hunt for cool new things sadly came up with very lackluster new coins on my usual go to places like The Canadian Royal Mint and The Royal Mint in the UK
But while browsing The Royal Mint I came across one of their new listings, which is their 'Best value 1 oz silver bullion coin' listing.
On the face of this it looks to be a fairly interesting potential buy from The Royal Mint. Basically they have a bunch of 1 oz silver coins that they want to shift from their reserves, so they have priced it at the lowest price for a 1 oz coin on their site.
It is very vague on what coins are in the selection, but ' they will select a 1 oz silver bullion coin from varying dates'.
No dates,designs or portraits are confirmed, but it does confirm that Britannia coins are not included in this deal.
From a solely 1 oz point of view, this is definitely the cheaper option if you aren't fussed about what you will receive. I assume there is potential for some really good coins like the Merlin coin which is amazing and one of my favourites that The Royal Mint have produced in recent years.
To get their truly best value coins, you need to buy 100+ at £32.06 each coin which thankfully does include VAT.... WTF
The Royal Mint are robbing bastards for sure in the UK market.
A cool minimum of £3206 pound for 100 1 oz coins is pretty neat, as it includes free postage and packaging....😒
With spot value currently sitting at £22.47 at time of writing, the premium on these coins is beyond mental.
£2247 at spot value for these coins seems a much fairer price. If it was £2500 I could even see it being worth it. But nearly £1000 more due to vat is just absurd and really does affect my buying ability here in the UK sadly
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