1. GDP numbers out today along with some Fed talk yet again, metals quiet, Opec claims to have a deal in place but it is a secret apparently as no one knows what it is.
    Dismiss Notice
  2. Good Thur Morn, To start the metals are relatively flat, Gold +1.1 to 1320 while Silver is +8 to 1921. Crude is down 22 to 4683, while the USD is up 13 to 9547
    Dismiss Notice
  3. Week of 9/24/16 Closing prices & Chg Over Last Wk---- Gold $1337.50 UP 31.30-- Silver $19.81 UP 95-- Oil $44.48 UP 86 TICS--- USD $95.39 DOWN 66 tics-- Based on near term futures contract--- At JMB Current price AGE $1409.04(1), SAE $22.87 (20)
  4. Added Heartland Precious Metals out of OK and LA to the map, Added Texas Precious Metals, and Added Provident Metals.

2013 Silver Britannia Quality Issues

Discussion in 'PM's - Coins - Numis - Base Metals' started by howellzin, Jan 22, 2013.



  1. howellzin

    howellzin Seeker Seeker

    Joined:
    Apr 1, 2010
    Messages:
    120
    Likes Received:
    132
    Trophy Points:
    43
    From a leading UK coin and bullion dealer:

    http://www.chards.co.uk/news/2013-silver-britannia-coins-highest-price-lowest-quality/

    snips:

    We received our first delivery of the 2013 silver Britannias in December 2012. Whilst technically a bullion coin – bought primarily for their precious metal content – we also advertise them as uncirculated coins as they have not been in circulation.

    . . . we make allowances here for the mass production methods used to produce modern coins. However, even these allowances can not be expected to cover the extremely low quality of this year’s silver Britannia.

    We have heard that The Royal Mint do not yet plan to do anything about their substandard manufacturing methods. Apparently it is the way the coins are removed from the machine after striking and that is that! Presumably the coins have always been struck in the same way and it is the change of alloy – from Britannia silver (.958) to fine silver (.999) – that has affected the end result.

    These coins are still in the protective sheeting as issued by The Royal Mint and I can assure you that we have not been rolling them around our stock room or playing shove ha’penny with them. In fact, they will be the same as if you purchase them from anywhere else. We have had a conversation with one customer who had bought them from Europe and experienced the same problem. In fact if your dealer has not warned you then you can assume that either they haven’t checked the coins or they are trying to feign innocence.
     
    <SLV> and newmisty like this.
  2. TomD

    TomD It blowed up, y'all Gold Chaser

    Joined:
    Mar 30, 2010
    Messages:
    3,845
    Likes Received:
    4,767
    Trophy Points:
    113
    Occupation:
    construction, engineering
    Location:
    Florida Panhandle
    I've got a couple of 13's laying about, will take a picture later this AM and post it below as an edit. .999 silver now? Didn't know that.

    Picture below. The main visible difference is that the older coins are reverse proof, that is a mirrored object on a frosted background, whereas the 13's are mirrored finish throughout. My coin has some very light but still visible scuff marks, mostly on the queen side. The older style frosted background would have hidden all the light scuffs.

    I can't see any difference in the strike quality though neither of these coins are as crisp as some Britannias that I have. The gold ones are perfect.

    [​IMG]

    [​IMG]
     
    Last edited: Jan 22, 2013
    howellzin and REO 54 like this.
  3. Irons

    Irons Deep Sixed Mother Lode

    Joined:
    Mar 30, 2010
    Messages:
    18,755
    Likes Received:
    18,140
    Trophy Points:
    113
    They should have stuck with Britannia silver it made them unique.
     
    antarctican likes this.
  4. Solo

    Solo Midas Member Midas Member

    Joined:
    Mar 31, 2010
    Messages:
    7,187
    Likes Received:
    7,351
    Trophy Points:
    0
    When I checked a week or two ago the only 2013 examples graded by NGC were all MS69's so hearing this news explains why. It's one thing to pay a premium for bullion, but another to pay a premium for coins that already come with wear :wub:

    This is the first year of .999.
     
  5. carbinero

    carbinero Seeker Seeker

    Joined:
    Jun 4, 2012
    Messages:
    110
    Likes Received:
    27
    Trophy Points:
    0
    Looks like 2013 design/finish is identical to 2012, right? Size, however, should be a little smaller, no? I agree...too bad, that.
     
  6. Argentum47

    Argentum47 Seeker Seeker

    Joined:
    Apr 1, 2010
    Messages:
    142
    Likes Received:
    112
    Trophy Points:
    0
    Location:
    Belfast N.Ireland
    Awaiting a delivery of 100 of these 2013, I will check some once they arrive.

    Do they no longer change the design of the coin each year?

    Still think the 2003 design is the best :D
     
    <SLV> likes this.
  7. carbinero

    carbinero Seeker Seeker

    Joined:
    Jun 4, 2012
    Messages:
    110
    Likes Received:
    27
    Trophy Points:
    0
    No rhyme/reason in design changes. Yeah, 2003 is beautiful, but the field in 2010 is really cool. It's a great series.
     
  8. TomD

    TomD It blowed up, y'all Gold Chaser

    Joined:
    Mar 30, 2010
    Messages:
    3,845
    Likes Received:
    4,767
    Trophy Points:
    113
    Occupation:
    construction, engineering
    Location:
    Florida Panhandle
    This is the 1st odd numbered year since the 1999 series inception to carry that image shown on my first photos, all even numbered years (excepting 08 & 10) have had the image. The year that the wheels really ran off the series was 2010 when it had this image of a possibly aquatic humanoid alien with some sort of creature on it's head.

    [​IMG]
     
  9. carbinero

    carbinero Seeker Seeker

    Joined:
    Jun 4, 2012
    Messages:
    110
    Likes Received:
    27
    Trophy Points:
    0
    Like the Aliens movies, it grows on you. Via wiki:

    "The Corinthian helmet originated in ancient Greece and took its name from the city-state of Corinth. It was a helmet made of bronze which in its later styles covered the entire head and neck, with slits for the eyes and mouth. A large curved projection protected the nape of the neck. It also protected the cheek bones, which Greeks adored.

    "Out of combat, a Greek hoplite would wear the helmet tipped upward for comfort. This practice gave rise to a series of variant forms in Italy, where the slits were almost closed, since the helmet was no longer pulled over the face but worn cap-like. Although the classical Corinthian helmet fell out of use among the Greeks in favour of more open types, the Italo-Corinthian types remained in use until the 1st century AD, being used, among others, by the Roman army."
     
  10. newmisty

    newmisty Duppy Conqueror Midas Member

    Joined:
    Mar 31, 2010
    Messages:
    8,159
    Likes Received:
    6,608
    Trophy Points:
    0
    Location:
    Omerica
    ^That's all well and good but it really doesn't work on a coin IMO. :vollkommenauf:
     
  11. Starter

    Starter Seeker Seeker

    Joined:
    Jan 31, 2013
    Messages:
    442
    Likes Received:
    70
    Trophy Points:
    28
    While browsing the Provident website, I took a look at the Silver Britannia 1 oz silver coin. It has a high premium ($4.29 Over Spot), but according to my sources, the mintage for an uncirculated coin is only 100,000 (compared to much higher numbers for the ASE).

    What I found more interesting is the change in composition to .999 fine silver, as opposed to .958 in previous years. Which means that 2013 is a meaningful year in being the first year in which a .999 fine silver composition is used for the coin.

    Perhaps I'll add this coin to my collection with one 1-oz purchase per year. The design on both sides of the coin is elegant, and the portrait of Elizabeth II is done better than the Canadian coins.
     
  12. samwiii

    samwiii Gold Member Gold Chaser

    Joined:
    Apr 16, 2011
    Messages:
    2,626
    Likes Received:
    2,253
    Trophy Points:
    113
    2013_britannia_obverse.jpg



    That's better? DAMN!
     
  13. carbinero

    carbinero Seeker Seeker

    Joined:
    Jun 4, 2012
    Messages:
    110
    Likes Received:
    27
    Trophy Points:
    0

    Yeah, that doesn't seem to hit the mark. Not only do I display these reverse up, but I'm a'skeered to turn 'em over, sometimes...GAH! :afraid:

    ETA: Maybe if the Brits put a Corinthian helmet on the design featuring her majesty...only to protect her cheekbones, of course!
     
  14. gringott

    gringott Midas Member Site Supporter Midas Member

    Joined:
    Apr 2, 2010
    Messages:
    11,272
    Likes Received:
    10,970
    Trophy Points:
    113
    Location:
    You can't get there from here.
    They need a full face coverage helmet with eye slits for that beast on the back.
    "It" has prevented me from buying many a coin I liked otherwise.
     
  15. Argentum47

    Argentum47 Seeker Seeker

    Joined:
    Apr 1, 2010
    Messages:
    142
    Likes Received:
    112
    Trophy Points:
    0
    Location:
    Belfast N.Ireland
    Finally got my coins through customs and have checked a number of them.

    Even though they all come sealed, most of them have some small marks/scratchs on them.

    Not the greatest care taken with them in minting.
     
    WLB likes this.
  16. WLB

    WLB New Member

    Joined:
    Nov 5, 2011
    Messages:
    14
    Likes Received:
    21
    Trophy Points:
    0
    I just received 25 and maybe 5 are (visible to the naked eye) scratch free. The other 20 range from slight marks to "did you use a hammer to put it in the flip?" The thing that drew me to collecting britannias in the first place was their quality and unique silver content. Now, they might as well be milked up maples! With any luck they will realize their mistake and 2014 will go back to the way they've done it in the past. Then, maybe beat to hell 2013's will become a collector's item!? This picture was a quick shot taken with my phone; with a real camera, or in person, these marks could make your eyes bleed they are so obvious. IMG_0560.jpg
     
    Argentum47 likes this.

Share This Page