Are Royal Coronation Coins Worth Investing In?

 Above, both sides of the 2023 Silver Britannia featuring King Charles III. Photo by Armand Vaquer.

The coronation of King Charles III is two days away and the merchandising has already begun. They include special commemorative gold and silver medals and coins by the Royal Mint. 

The question arises: Are they worth investing in?

That all depends. One thing people who may want to invest in them is to check the number of medals and coins being made. Scarcity breeds value. The less there is of something, generally, the more valuable it becomes.

The only coins featuring the King I invested in are the Royal Silver Britannia coins. I bought them before the current rise in the silver spot price of silver.

Times Money Mentor (U.K.) has posted an article on just this very topic.

Here's some snippets:

It goes without saying that King Charles III will soon be appearing on all of our UK coins, though the rollout of the mass circulation coins will be staggered. But the Royal Mint* has also released a series of ‘commemorative’ coins, which means their numbers are limited. And this is the key factor for collectors.

Let’s take a look at whether investing in coins can make you a mint.

When it comes to investing, buying money at face value as an investment might seem a little ironic.

But as we’ve seen over various financial crises, money is only worth what the people in power say it’s worth.

Coin collecting defies things that affect the value or availability of money, like inflation and quantitative easing. A humble 50p piece that’s never been in circulation can be worth hundreds of pounds over relatively short periods of time.

If you’re going to invest with a view to selling coins later for a profit, you need to do your research. 

From art to wine, I must say that people who buy things purely as investments leave me cold. If you’re going to collect something, do it because you love it, not solely because of its underlying value at any given point.

Remember, investing comes with risk, it’s ultimately a gamble.

The article is worth a read. To read it, go here. 

The Coronation and "Gushy Americans"

Above, 2023 silver Britannia coins. No endorsement of King Charles III is implied. Photo by Armand Vaquer.

It boggles the mind to see some Americans get all excited and gushy over the upcoming coronation of King Charles III. 

Sure, it is an historical event for the United Kingdom. I can understand people wanting to see the pomp and ceremony take place, only as casual spectators on "this side of the pond." But to get all excited and, in some cases, "gushy" over it, is ridiculous to me. One friend set up British flags in his yard to celebrate the coronation. Huh?

The matter over "the Colonies" and the English monarchy was settled nearly 250 years ago in 1776. So what's the big deal (as far as Americans are concerned)? 

Frankly, I find the King to be someone of questionable character, considering he cheated on his wife, Princess Diana. The Royal Family has been dysfunctional for years with the current saga of Prince Harry and Meghan Markle making practically daily headlines. We also have Prince Andrew's involvement with Jeffrey Epstein. The only Royal who seems to be a decent sort is heir-apparent Prince William. 

A Canadian friend was perplexed over why I would buy silver Britannia coins featuring the image of King Charles III as he also finds him to be unsavory, referring to him a "globalist ass" as well as an adulterer (some folks do have standards). I couldn't care less about the King, but bought the coins as an investment since they are the first coins with his image and the first year of his reign. This would likely affect their future value. (I also bought some featuring the late Queen Elizabeth II.) Besides, the price was right. Buying them is not an endorsement of the King.

This wasn't the first time Americans gushed over the Royals in my lifetime. I remember many Americans gushing over the wedding of Charles and Diana, as if it were the second coming of Christ. My supervisor at the time asked me to videotape the wedding, which I did. Since the wedding took place while we were asleep, all I had to do was set the timer and pop in a blank tape. I didn't have to watch it.

I guess the coronation will please some dullards here. Considering what a moron we have in the White House, this may be somewhat understandable. 

To each their own.

Gold and Silver: Modest Price Gains

Above, 2023 Britannia coins. Photo by Armand Vaquer.

We're in a new week and the spot markets for gold and silver are now open.

The greenback is showing some weakness as the week begins, which is making gold and silver rise a bit.

From Kitco News:

(Kitco News) - Gold and silver prices are a bit higher in early U.S. trading Monday. A weaker U.S. dollar index and a dip in U.S. Treasury yields are supportive for the metals market bulls today. However, the metals market bulls are pensive amid general marketplace sentiment that Federal Reserve monetary policy is likely to remain tight in the coming months, despite notions the U.S. and/or global economy could slip into recession. June gold was last up $4.20 at $1,994.90 and May silver was up $0.067 at $25.13. 

To read more, go here. 

The Cost of Investing in Precious Metals

Above, 2023 Silver Britannia coins from the Royal Mint. Photo by Armand Vaquer.

The Biden Administration is screwing up the economy. Billions are being sent to Ukraine to the extent that we may be left without enough arms for our own defense, thereby goading Russia into World War III. Millions of illegals are flooding across our border with no resistance. Congressional spending has gone into the stratosphere with Biden's approval. 

Small wonder there's runaway inflation. This is forcing people to seek a hedge in precious metals. Day by day, the dollar is losing value.

What is the cost of in investing in precious metals? This question is the topic of a new article in The Epoch Times.

They start it off with:

Gold and silver and other precious metals like platinum and palladium provide valuable security in times of financial turmoil. Despite price fluctuations, physical precious metals pose no credit risk and retain an intrinsically high economic value even when the stock market crashes.

What are the costs of precious metals investing, and what associated expenses are involved in a precious metals portfolio?

To read more, go here.

Two Versions of the 2023 Britannia Silver Coins

Above, both versions of the 2023 Britannia Silver Coins. Photo by Armand Vaquer.

People are probably wondering why there are two different 2023 Silver Britannia Coins, one with Queen Elizabeth II and one with King Charles III.

The Patriotic Mint explains why:

2023 will be the final year for 1-ounce Britannia Silver Coins featuring the portrait of Queen Elizabeth II before the Royal Mint transitions to King Charles III. Due to the timing of the Queen’s death, the 2023 series will have a limited mintage, making these coins extremely collectable. The Britannia is a stunning British bullion coin issued by The Royal Mint since 1997. Starting in the year 2013 and onward, the Silver Britannia has been produced with .999 fine silver (prior-to-2013 Britannia’s are .958 fine). The image of Britannia, the female personification of the Island of Great Britain, has appeared on UK coinage for almost 2,000 years.

Above, the image of Britannia of both coins. Photo by Armand Vaquer.

My shipment of the 2023 Britannia Silver coins with King Charles III arrived the other day. I bought the version with Queen Elizabeth II previously.

Silver Price Down About $.70

Above, the 2023 King Charles III Silver Britannja,

A little while ago, I noticed that the spot price for silver is down about $.65 (give or take). It is a good time to buy some.

I checked with one dealer and due to the drop of the spot price, their prices were lowered accordingly. I had bought a silver King Charles III Brittania about a week ago (pre-order) and it was a couple of dollars more than today's price. So, I pre-ordered another at today's price.

Once one orders, the price is locked in for about 10 minutes (they have an online timer), so even if the spot price rises, it's locked in once the purchase is completed. 

2023 King Charles Britannias

The 2023 Silver and Gold Britannias have been released. At least, their images.

They feature the image of King Charles III.

Coin dealers such as LM Bullion are taking orders for when the Royal Mint releases them.

The 2023 Silver and Gold Britannias featuring Queen Elizabeth II have already been released. 

For ordering the Silver Britannia, go here.

God Save The Queen...

...with the rest of the coin collection.

Today, the new 2023 Silver Britannia coin I ordered arrived in today's mail.

According to Wikipedia:

Britannia coins are British bullion coins issued by the Royal Mint in gold since 1987, in silver since 1997, and in platinum since 2018. The coin patterns feature various depictions of Britannia, a feminine personification of the United Kingdom.

Since 2013 the silver coins have been produced with a millesimal fineness of 0.999 (99.9% silver).

This will be the final year that Queen Elizabeth II will be featured on the Britannia coins. Later this year, King Charles III will have his effigy on the coin.