Revolting (Against) Royal Mint

[Liberty Leading the People -Eugène_Delacroix (1830) - image reblogged from Wikipedia]
[Liberty Leading the People -Eugène_Delacroix (1830) - image reblogged from Wikipedia]
 
  Certain things have become very apparent in the wake of Ian Lambert’s 2019 Peter Rabbit publicity stunt.  We have seen a lot of media interest and a wealth of support from the general public.  It has also reminded us just how many people are willing to stand up and fight for justice and equality.  It’s all a bit like The French Revolution…. apart from the fact that it maybe isn’t quite so big a thing, no incidents of violence have been recorded to date and it is happening in England instead.  Actually, perhaps it isn’t really that similar…..
 
  Er, well anyway, one of the main things this has taught us is that most coin buffs appear to feel much the same way when it comes to how The Royal Mint ‘go about their business’.
 
  Here are some fundamental feelings from within this numistmatical uprising….
 
Lower Prices and ‘Non-Release’ Releases
 
  Ten quid a time for a new release is a bit steep, especially if you have a couple of kids.  If they both want all of the new coins that come out it is soon going to get jolly expensive (and most new releases appear to have been purposely designed so as to appeal to children.  Sly, very sly…..).
 
  It’s a hard fact that not all coin collectors are (Royal) minted.  In fact, most are ordinary hard working people.  There is a country-wide desire for fairness with coin sales.  Sure, people want the latest additions, but for a realistic price instead of an extortionate one which is ‘justified’ with pretty packaging.
 
  Once you realise just how many coins have been released as ‘purchase only’ since 2016 (34 to date! 17 fifty pences and 17 £2 coins) you will soon grasp just how much money is involved with this.  But fear not; trying to contact Albert Einstein via Ouija board really isn’t necessary as it doesn’t take a genius to work it out - it is an eye-watering £340 per collector!  Oh, and you will also need to pay additional postage every time you order if you are spending less than £45.  Ouch!
  Surely there was enough profit in coin sales already?  After all, there will always be collectors who opt for brilliant uncirculated or proof editions.  But to give people no actual choice by simply not putting coins into circulation is a bit mean.  And that is putting it lightly.
 
Better Designs and More Variation
 
  We all love Paddington Bear but come on, let’s face it, unless you forked out for the coloured silver proofs, then the bog standard coins really don’t look so great (or perhaps that was why the bog standard coins don’t look great…… I mean, there is far more profit on a silver proof!).
 
  Perhaps the biggest mistake The Mint made with these was to base them on the film version of the character, rather than the TV programme (actually produced by his creator Michael Bond) that we all hold so dear to our hearts.
 
  However, Paddy’s distorted countenance aside, many of The Royal Mints more recent designs have been a little….. lacking.  It’s kinda like they are just banging new coins out as quickly as possible.  And quite a few folk are starting to notice this……
 
  The other question is, of course, just how many cutesy designs are they actually intending to create????  A few were nice but most numismatists don’t want an entire album full of children’s characters.  Guys, people are starting to get bored here…….
 
  A case of ‘Peter Rabbit made us millions so let’s do it to death’ maybe.  Might we suggest a little more imagination from your designers, Royal Mint?  The fact, that there are now groups online who specialise in improvements on RM coins says quite a lot in itself.
 
 
 
© Article and images (except where stated) copyright Mik Smith 2019

3 comments

  • Another informative article Mik – well put.

    They will never admit their wrongdoing but I feel a wind change in the air and wouldn’t be surprised if they suddenly had a change of policy………again!

    IAn LAmbert
  • In line with the views expressed by Mik and the previous comments would like to share my recent experience with the new Snowman coin. The flagship Royal Mint is using for the next Christmas to boost their sales.

    I’ve bought last years edition which at an inflated price almost £100 to give to my wife as a Christmas present. I didn’t bother to pay such an hefty sum as it was a very special gift to also celebrate our first Christmas in our new home. And she loved it. I also give her the two first Paddingtons in the silver proof version because she is a huge fan of the series and she loved the films.

    This year I decided to buy the new Snowman to add to my collection in the silver proof version at their regular price through eBay. Unfortunately I had to return it. The poor quality of the finishing was appalling, and it even had what it look like a handling mark on the mirrored surface.

    I mean we pay an hefty sum for an article that should be handled and finished with the utmost care, and in the end we end up with a very disappointing service. I got confirmation by the seller that the coin was never out of the protective capsule, by the way.

    In conclusion I will never buy again a silver proof coin directly from the Mint mainly because of my last experience with them and also by the ridiculous high number of copies put on the market.

    Marco Teodosio
  • I’ve been collecting coins for many years, generally through change checking. When my grandchildren came along I started to make up a collection and while I could find them in my change it was affordable but when the RM started their NIFC issues it became very expensive one set was ok but five sets of each issues made it extremely difficult to maintain and as you say £340 x 5 makes it impossible so I’ve had to close their collections. which is disappointing for them. So the RM has lost five budding collectors

    ron beynon

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