New coins depicting King Charles III are expected to be popular with the public and collectors when the Royal Mint strikes and distributes them, according to the Professional Numismatists Guild (www.PNGdealers.org).
However, the nonprofit coin dealer’s organization cautions that consumers and investors should know the difference between official legal tender and coins issued by countries not part of the United Kingdom or the Commonwealth.
When an important new coin design is introduced, many people enjoy collecting examples from the first year of issue, such as the 1953 Royal Mint coins of Queen Elizabeth II or the 1964 United States Mint half dollars depicting President John F. Kennedy.
"The marketplace already has advertisements for coins featuring King Charles III that are made by or on behalf of countries that issue non-circulating legal tender money intended only for collectors, not to be used in circulation even in their own countries. These may be fine souvenirs but these pretenders to the numismatic throne may not be good long-term investments," said PNG President Wayde Milas.
"Semi-numismatic coins or private rarities are sometimes minted by small island nations and packaged in special presentation boxes with certificates of authenticity. These pieces are sometimes touted by third-party marketers as good investments because of their theme or restricted low mintage. While occasionally some of these do appreciate in value, the majority of these modern issues, including some produced by the United States Mint, have ended up valued below their issue price, leaving the owner with an expensive box and certificate," explained Milas.
"If you like the subject or theme represented by these coins, admire the beauty of the design, or would like to own them as a souvenir or to show support for their cause, then buy them. However, if you hope it might actually go up in value then you’re probably better off avoiding this type of material," he advised.
PNG officials also caution investors that gold-coated coins are not "gold coins." Frequently advertised on television, the so-called tribute items are privately produced and often contain only a tiny amount of gold. These also may be fine souvenirs and mementos but should not be considered an actual precious metal investment because they have only a razor-thin coating of gold, usually worth less than a dollar. Traditionally, they have virtually no secondary market value as gold.
All members of the Professional Numismatists Guild and its Accredited Precious Metals Dealer program (www.APMDdealers.org) must adhere to a strict Code of Ethics in the buying and selling of rare coins, paper money, and precious metals. For additional information, visit www.PNGdealers.org or call PNG headquarters in Temecula, California at (951) 587-8300.
Whenever the coin commercial proudly tells you how many milligram’s of gold their “gold” coin contains, you should instantly stop listening, and start laughing.
I only purchase selectively gold plated coins from Canada, Royal Canadian Mint.
The 2011 Canadian Parks certainly are.
Is that gold dust or something else? I don’t want a little “p” on my coins. Unless it was minted at the Philadelphia Mint.
Yeah, remember those Jacobites.
I have some first year (1937) of King George VI from Canada. Finding my first coin, a five cent coin, started me coin collecting for Canada. The oddity with it is that it has 1937. as the date. I thought the period after the seven was an error and so I looked for more and found out that all the five cents for that year had a period after the seven, no reason why. Only the five cent coin had this feature. Nevertheless, I began collecting other denominations of coins until I left the country. I have the complete issue… Read more »
As many as there are countries. I also like the microstates of Andorra, Liechtenstein, San Marino and Vatican City.
It will be deep into 2023 before the Royal Mint issues any King Charles III coins as there will be design competition first for the “official” portrait. Plus, the Coronation itself will generate enormous interest in the UK banknotes and UK coinage.
How long did it take for Queen Victoria coins to be issued? For King Edward VII, George V and George VI? How about for Queen Elizabeth II? Sometime in 1953 if I’m not mistaken. All it needs is the monarch’s approval. They could start minting in January, if they so choose.
Expect The Royal Mint 2023 Gold & Silver British Britannia coins to be released some time in October/November 2022 in line with previous years; The Royal Canadian Mint 2023 Canadian Maple Leaf Bullion coins and the Perth Mint 2023 Australian Bullion Program coins will also be released in the same time frame, all still with the QEII images.
I’m looking for British Florins. This one looks nice.
Reminds me of the Irishman in Braveheart, “It’s my island!”
It would be King William V, but he still needs a nickname like William the Conqueror, William the Lion, or William of Orange.
William of Cambridge.
Sir Kaiser, I like your original nickname, William the Whatever.
Speaking of King’s coins, this is an interesting set of what might have been.
There are only two Canadian 1911 silver dollars. That’s a world class rarity. Even rarer than the U.S. 1804 silver dollar.