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Royal Mint Die Trial Pieces Auction The First Time In Its History 26th September 2021




Royal Mint Trial Pieces Auction 26/09/2021




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I have been not here for a while since last post while we are coming out from the woods slowly and safely, hope all collectors are doing good and keeping well. Today, I am going to bring you a fascinating news with regard to die trial pieces, First Ever, from the Royal Mint during Collect Week 2021. In this post, you are going to see some insights of the die trial pieces auction and how important are die trial pieces in the coining process before and after.

Let we start it with some basic terms, this is a easy step to give us a starting point of knowing die trial pieces more. Here it is the official explanation published by the Royal Mint. Generally speaking, a die trial piece is a sample piece made before bulk production.

Trial pieces are not actually coins, because as follows:
>> have not gone through the processes of A). the trial of the Pyx (Latin pyxis, small box), and B). the ratification of the Royal Proclamation;
>> have new security features added A). microtext, and B). a latent image;
>> 3 pieces for each design denomination, one for the Royal Mint Museum, as always, one for the Royal Mint itself for a running standard, and the last one is down to collector’s hand.

— Gordon Summers, the Mint’s Chief Engraver

Trial pieces were auctioned via the Royal Mint website on 26th September 2021 by the way of Hybrid (a combination of timed manner and w/ an auctioneer). It is the very first time in its history either the way of selling or offering trial pieces for sale on its own. A list of 61 lots in total were up for sale and the offering range has covered two parts on the list in terms of metal purity, 0.916 and 0.999 gold coins w/ a few silver coins. The product variety in terms of theme design had most sought-after Kew Gardens 50p coin, the Sovereign series, Three Graces from the great engravers series, of course, a longer waiting one James Bond 007 (premiered on 28/09/2021 in London) and others.

Most trial pieces up for auction were (carefully?) picked up from the limited range of the trial of the Pyx sold, meaning a Britannia New Pence 50p gold proof coin in blister matches one of many trial pieces a Britannia New Pence 50p gold proof coin, but a Celebration of Sherlock HolmesTM 2019 UK 50p gold proof coin was not in 61-lot auction. At this point and stage, on the one hand, the Mint pried a bit room on a sturdy door from the perspective of the Mint market demand. Are they going to flood the market with more to come or just one-off time? It all comes down to collector’s pocket now. At the present moment, collectors are yet psychologically hooked up by the term of Royal Mint Trial. However our data suggests clearly that the Mint are carefully cultivating many royal followers. On the existing market, the most sought-after trial pieces are the 5 kilo and 2 kilo (see NGC 5880629-001 PF69UCA) Una and the Lion (both w/o security design) in terms of weight and innovation. On the other hand, it is hard to see the direction of this type of trial pieces “coin” going from the perspective of collectors. It is a pretty new concept, like they say, First Ever. It takes time and only time can tell worth it or not if a collector is after one.

On the auction day (i.e., a second past 1200pm to 90 mins later), 4 items were unsold of 61 lots (6.6% unsold) and the total price realised £389,800 (hammer price) in 90 mins, and VAT contribution was made up to almost £78,000 plus 4% extra on top of the hammer price. Next, we present auction highlights (all excl. BP):

**Lot 7 — G50P Kew Gardens 2019 sold at 26K (prebid at 24K);
**Lot 45 — G2oz 3 Graces 2020 sold at 17K (prebid at 15K), and
**Lot 52 — G10oz 3 Graces 2021 sold at 25K (no prebid).

The most interesting part during the auction was from Lot 1 to Lot 13, not only the first 5 lots contain errors but the bidding process was in a excessive and uncontrolled manner, plus another part from lot 28 to lot 39. This two parts consist of all legal tender coins. It is like they said in title after main title “Hybrid”. Invoices were sent out after 4 or 5 WORKING days due to some system failure issues.

Is it easy to find a piece in a secondary market? How often you can see one appearance? How much the last is sold? Many many question raised, but who can tell, only time tells you later.

#The End

© richukcoins®


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Royal Mint 50p coin Kew Gardens 2009 in NGC holder





Royal Mint 50p coin Kew Gardens 2009 in NGC holder





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How to store your coin collection? It is not easy to get around this topic. First, put all your coins into coin capsules, nice and neat, most importantly, a cost efficient way. However, if you are keen to give your coins extra value added on, a third grading company is the best choice in the first place. This will make a far away long debate, whether you need to do it or not, but it is your coin and your call if costs are not counted.

Today, we are going to illustrate a coin where is chosen from NGC database. Also this coin is a bit controversial. Let we have a look this coin first.

  • 2009 Kew Gardens 50p BUNC coin, NGC slabbed MS69 DPL
  • Credit: NGC database/online

One more, same kind but graded not as good as like the first one where you have seen above, as follows,

  • 2009 Kew Gardens 50p BUNC Coin, NGC slabbed MS66 DPL
  • Credit: NGC database/online

If you want to have a HD picture, no worries, just simply take id no. down on a piece of paper next to you and type them in NGC website. Bingo! Cost effect — upside.

The two coins shown are both graded as Mint State with Deep Prooflike (ie., strike type) by NGC. This is also the interesting point we are going to say here.

As of an announcement made in 2014 by the Royal Mint, only 210,000 Kew Gardens 50p coins were issued in circulation. All Kew Gardens 50p coin-related increased a lot in value and in any way like the two coins above. However, people understood the news a bit wrong. Because circulation Kew Gardens 50p coin and non-circulating Kew Gardens 50p coin are not a same thing in this case. It clearly shows the results from the grading company–DPL. Right now, it is really hard to obtain a MS60+ this kind coin if graded by NGC. All MS60+ w/ DPL come from decimal year mint set and/or PNC cover and/or single pack etc. Highly possibly, a MS60+ grade (ie., MS65 and above) could only come from a sealed bag of 20 coins where a few people collect sealed bag coins.

At this point, if you donot follow what are we talking about here. I am going to give your a different coin from the same grader in terms of MS60+.

Please have a look at the coin as follows:

  • 2009 Blue Peter 50p UNC coin, NGC slabbed MS68
  • Credit: NGC database/online

A Blue Peter 50p UNC coin, in any way, it is a very rare coin technically and holds a value very much high as time flies by. Only a few was issued for circulation, but in this case, for retail sales purpose ONLY. And this one is far better than 1992/93 EEC 50p coin in terms of mintage. Why the Royal Mint are not saying anything about Blue Peter 2009? The rest of story, you and me all know it. A Blue Peter 50p (2009) coin in folder was sold for £311 online platform based on data in Jan of 2021. A MS69 coin slabbed by NGC is nice and popular and hot, but hard to get a MS70 from NGC or another. A Blue Peter 50p UNC coin in original folder, cut or keep, this question comes back to you again — YOUR CALL! However, according to NGC database, a MS+PL coin is also graded within this kind. It can be understood that the Royal Mint striking quality is world-class even one strike. To sum up, NGC has results graded like MS+ & MS+PL among Blue Peter and MS+DPL among Kew Gardens on 50p coins in 2009. If you have a big sample size, say 10x Blue Peter or more, you could do it if costs are not counted, and Good Luck!

Disclaimer:
I dont own any coins illustrated here, and public information was used to create this post. And I donot get any advantage by publishing a slabbed coin by a third grading company.

#TheEnd

© richukcoins®