lol, four hundred and eighty pounds for that proof. Lovely thing. i always liked that greyhound design. One day i'll get the ten ounce silver. It was never a popular design (even if I know better than the average punter), so it still doesn't go for much above spot. It's funny how the design speaks to me, even though i'm not a dog person. But there you are. Something statuesque about the greyhound.
As a stacker first I go the cheapest since the metal contained is the same! If I can get a proof for BU price I would take it too! I think Proofs are more collectors! 🇬🇧🤙🏼
I am indifferent to proof coins. I would never pay more for them. That being said, when the dealer had loads of coins, I would always choose the oldest and least worn. I did recently get a discount on one coin that had been scratched. But there is still a real shortage of actual shiny metal. More buyers than sellers.
A very good video about some differences between proof coins and bullion. Also, why a collector or stacker might want one over the other. Thank you for sharing this information! The queensbeast series really is a nice series.
Just ask the royal mint for a replacement box. They will surely have spares. When procuring packaging and printing you always order an excess as the additional cost is minimal.
I am surprised to see such issues! I buy from the Royal Canadian Mint and have never been so disgusted by such handling. A shame that this is what you have to deal with.
There might be alot of differing opinions, I just don't have one view either way. You have your fiat currency and you make a choice. BTW, why would anyone display their gold.
Great video and very informative, for me personally I prefer bullion coins but have picked up a few proof sovereigns because the prices were very similar to the bullion price. I'd probably look to sell and buy more weight in 'standard' coins
what do you think of melting bullion down to break into smaller amounts? when the shtf, not everything will be an ounce of silver or more... we will need to break our stashes down to smaller increments.
@@BackyardBullion then we would eventually wind up with a sack of little tiny bits o silver or gold dust and would have to carry around a scale. not very practical. damn i wish we could just use silver as a standard of currency and cut these rich debt brokers out of the picture already.
To be honest, my nails are no where near as dirty as they could/have been in the past. I know some people wont like it but to be honest I am past caring.
@@BackyardBullion The video is not about nails, it is about proof coins, take no notice, you are doing a good job by teaching us about proof coins. Thank you.
Very enjoyable IFF. The design on the proof version is very nice indeed. The greyhound stands out much better against a plain mirrored background. I'm trying to imagine that in the full ounce size, gold. Some of the 'purists' among numismatists say proof is best, better than plain bullion, because the aesthetics makes for a more beautiful coin. And they may well be right. Proof coins are valued higher and cost a lot more. Btw did you actually receive your gold bullion coin in a flimsy plastic bag? RM sent you for review that same in a capsule, didn't they? Now to await the drinks coaster. And the set will all be set. Thanks for tonight's episode. I'm always very happy when there's gold to behold.
Thanks my friend, the RM sent me the 1 Oz gold coin in that plastic bag. I just put it in the capsule for the purpose of the video last week. Proofs coins are the creme de la crème of coins in my opinion and will always hold the best attention of collectors.
Which is best? The one you treasure the most! Ultimately it comes down to whether you're a collector or a stacker. Sure everybody is probably a combination both to some degree. And that is perfectly fine! As long as you can distinguish between whether you buy a coin for collecting or a coin for the metal. I believe that many people fall victim of the collectors trap. They might start out as wanting to buy gold or silver coins and perhaps find it a bit hard to find a seller that they trust. Then there's all these offerings and then people urge out to them in full confident that if (when) gold goes up so does these coins. Sure but often when gold goes up collectors value goes down and over all it has been a bad buy unless you're keeping for 50 years and perhaps even not then. Back in the 70s (late 60s to early 80s) - in Scandinavia at least - there was a boom of medalions for just about every imagineable event and if none then there was the country's medallion of the year. Typically made in both bronze and silver and some of them even also in gold and platinum although gold and platinum are quite rare to stumble upon (think most has been melted by now). They where not cheap back then (so I'm told) but today it's not uncommon stumbling upon the silver versions for scrap value - I happily buy those. Fun to stack and mostly they're very high relief really beautiful pieces of art compared to modern boring coin like medals. I'm sure that one day they'll regain collectors value - but when is anybody's guess. If not they're not at all hard to sell for silver value and since I bought most for scrap value makes them a great buy - and fun too! The bronze versions even though also quite limited when looking at absolute numbers (typically like 3000 pieces, 1500 pieces for silver) the non pm versions mostly goes for literally pennies - just about zero collectors value at the moment even though they're also true pieces of art. I buy the bronze version of those I also have the silver version of. That said I do once in a while buy collectors coins that I like and what I think will have potential but far from all of them. That's the difference in stacking and investing in art pieces. Stacking is about the metal and art pieces is about collectors value and there's a very huge difference between these two "investments"!! (that said I do handle my bullion with care. Nice samples are easier to resell and will probably fetch a little higher premiums as well even though it's nowhere near what you'd expect for collectors items)
Absolutely love this video Great explanation of the difference of proofs and bullion for someone like me who is a beginner in this remarkable hobby Thanks from Kissimmee Florida 👍🏽
If you had a choice of the entire series of America the beautiful 5 oz proofs or its equivalent of 250 oz of 2020 silver eagles , what would you choose?
Hey BYB, Im new to this. I bought a couple 1 oz bullion coins the other day, really happy with them. However, I am a collector at heart, but want to be able to handle the actual coins, so which coin is best for me?
Been really curious about this so thank you.. I'll watch a couple of times to let the info sink in... I could see myself purchasing a small collection of fine silver proofs if I stumble across a set I love but for purely financial reasons I think I'd stick to bullion for gold... A lot of the proof sets I'd seen thus far were not indeed fine silver or even precious metals at all so I had been turned off that idea and actually assumed the proof sets of britannias or sovereign etc were just very expensive plated coins so this info is once again valuable... Quick question if I may... Do you have a recommendation for a UK based coin capsule seller?... I am specifically looking for airtight capsules for 1/4 oz gold britannia but not the foam insert type.. Actually snug fitting capsule with no rattle etc?... And one last question 😬🙏... I recent saw a vid of yours mentioning some boxes but I could not find the link you mentioned... Any suggestions for such a thing still? Would like an attractive tray box for the 1/4 oz gold britannias...
Glad you got something from the video, feel free to watch it over and over! I would certainly go for precious metals proof coins over non precious metal. As far as capsules go, your best bet is actually somewhere like eBay - just look up the dimensions of the coin in question and then have a look at what is out there, most that dont have the foam are pretty good.
I wonder when the ideal time will be to sell them. Will the series be seen as a classic in the future and grow in premium or will it just be a forgotten set worth intrinsic metal value
@@BackyardBullion there aren't too many coins outside of the sovereign range that do well in the long run, I think the best time to sell will be on the release of the Griffin, but that doesn't give you time to enjoy them, so I'd hold them and not see them as an investment
I’m with you, the series is amazing especially the mirror finish background. Gorgeous! If I can afford to get the coin I love to collect, then I can afford a proof if buying new. Right now I can’t afford it, and just getting into this, I doubt I will be getting them soon, but it’s best to set your Barr high I suppose. Regarding packaging, if that’s just the sleeve, isn’t that the point, if anything is damaged it will be shipping sleeve not the box?
Or if you look at buying a set of gold 1 oz. proofs versus a nice set of gold unc. "bullion" pieces, there is a HUGE difference. Perhaps almost 10k pounds. I have a set of unc. 1 oz bullions and they are grand - hand picked and of excellent quality and very PL quality....
Recent drop in prices made me think about getting some silver from european mint. Britannia (advertised .999 silver) VS Kangaroo's (advertised .9999 silver) for the same price, which one would you go for?
@@BackyardBullion Belgium, so, yeah, we're kinda in the same boat regarding taxes. I think I'll go for britannia's to start my silver stacking. Kangaroo's are often the cheapest option, don't know why, so i'll jump on these sweet brit's while they're at the same level.
Presentation proof coins look nice but at the end of the day the value is in the gold content surely whether it's a little marked or not. Why pay £200.00 more for a bit of timber and cardboard. I may be wrong but that's my opinion anyway!
@@BackyardBullion You are definitely right my friend, but do people need to pay so much more just for the surrounding material? I would be more than happy buying a 100% flawless gold coin on it's own.
Backyard Bullion why is that? You would expect the more perfect coin to do better and hold its value, I love the Queens beast collection, I wish I knew about solver earlier so I could have collected them, 10oz only though, prefer the bigger couns
Because you are often paying double spot price for something very specific that has a tiny market of interested buyers that only have interest for a limited time and once those buyers have their product they won't buy again, so holding for a long time will mean only a very few proof coins will actually still be desirable or profitable
I assumed the excess mintage of 10 this year was for the Trial of the Pyx or potentially even NGC grading (since RM has teamed up with NGC). This is the first year I've noticed the maximum coin mintage being higher than the limited presentation. As far as I'm aware, for every previous release these numbers have been the same and there hasn't been excess coins minted above the limited presentation.
![[UA] NAVI проти G2 Esports | Blast Premier Fall Final](http://i.ytimg.com/vi/QWlIm4FGESQ/mqdefault.jpg)
lol, four hundred and eighty pounds for that proof. Lovely thing. i always liked that greyhound design. One day i'll get the ten ounce silver. It was never a popular design (even if I know better than the average punter), so it still doesn't go for much above spot. It's funny how the design speaks to me, even though i'm not a dog person. But there you are. Something statuesque about the greyhound.
I pay the exact same price for gold eagle proofs as I do for bu, shiny doesn’t mean more, an oz is an oz
As a stacker first I go the cheapest since the metal contained is the same! If I can get a proof for BU price I would take it too! I think Proofs are more collectors! 🇬🇧🤙🏼
What's up backyard bullion silver Stallion here
Howdy my friend!
I am indifferent to proof coins. I would never pay more for them.
That being said, when the dealer had loads of coins, I would always choose the oldest and least worn.
I did recently get a discount on one coin that had been scratched.
But there is still a real shortage of actual shiny metal.
More buyers than sellers.
A very good video about some differences between proof coins and bullion. Also, why a collector or stacker might want one over the other. Thank you for sharing this information! The queensbeast series really is a nice series.
There are coin collectors and gold collectors.
Two very different target audiences requiring two very different products!
Just ask the royal mint for a replacement box. They will surely have spares. When procuring packaging and printing you always order an excess as the additional cost is minimal.
Hopefully they will have a spare!
ive seen proof 1 oz gold queens beasts boxes sell for 300$+ just for the box so everything matters you are completely right!
Yeah, those are like hen's teeth!
Proofs are keepers, whereas bullion is to sell. I think all precious metal coins look amazing so I’m not too bothered about buying proofs just yet
great video. I was able to pick up the queens beasts lion coin and full set from the facebook groups for about 5% over spot not too long ago. :D
I do love a proof coin, especially when you get it for bullion price (on the secondary market obviously). Win Win!
I think outer box to a proof coin should be 100% in mint condition with know cracks or blemishes, after all we are paying top dollar for these coins..
I agree, it is really important.
I am surprised to see such issues! I buy from the Royal Canadian Mint and have never been so disgusted by such handling. A shame that this is what you have to deal with.
I have proof coins worth 30 dollar per ounce and bu worth 60 or more.
10% of the value was lost in the packaging so it seems.
There might be alot of differing opinions, I just don't have one view either way. You have your fiat currency and you make a choice.
BTW, why would anyone display their gold.
Each to their own - some people like to display these kind of things!
So the only way to tell if a queen is a proof coin is it it’s a much clearer image?
You said no to grading numi will be giving you a written warning lol.
Ha, yeah probably 😉😉
😆
Great video and very informative, for me personally I prefer bullion coins but have picked up a few proof sovereigns because the prices were very similar to the bullion price. I'd probably look to sell and buy more weight in 'standard' coins
Thanks for the feedback and for stopping by and commenting!
That's a half not quater as quater is only 2g
How is this quater heavier than half
BYB I THINK THE QUEEN'S BEAST IS THE ONLY SERIES WHERE THE BU COIN LOOKS BETTER THAN THE PROOF
Fair enough my friend, personally I think the proofs are lovely, but it's each to their own!
@@BackyardBullion YES SIR ALL ARE LOVELY AND A GREAT SERIES
I feel the same way, Mark.
@@meteoman7958 COOL
I put these in rings lol
Omg beautiful looking proof coins ever!!! :D
I bet they have spare cardboard outers. Try writing to them see if they will just replace the outer.
Maybe so
Great timing, I was just wondering
Glad to hear it was of help!
i agree about the packaging, one of the most expensive places to buy as well and they cheap out on the packing
what do you think of melting bullion down to break into smaller amounts? when the shtf, not everything will be an ounce of silver or more... we will need to break our stashes down to smaller increments.
I think it is not something we will ever have to worry about but if it was a situation then chopping them up with tools will be better than melting.
@@BackyardBullion then we would eventually wind up with a sack of little tiny bits o silver or gold dust and would have to carry around a scale. not very practical. damn i wish we could just use silver as a standard of currency and cut these rich debt brokers out of the picture already.
More money than sense
Great looking coins.! btw-someone needs to clean their nails
I work with my hands on a daily basis, they are as good as they can be. Sorry!
@@BackyardBullion A craftsman would be foolish to spend time and currency having a manicure.
To be honest, my nails are no where near as dirty as they could/have been in the past. I know some people wont like it but to be honest I am past caring.
@@BackyardBullion The video is not about nails, it is about proof coins, take no notice, you are doing a good job by teaching us about proof coins. Thank you.
whats up back yard bullion!! thanks so much for your content, i love consuming!! Crypto_Union here just stopping by to show some love
Thanks my friend, appreciate the comment and support!
Very enjoyable IFF.
The design on the proof version is very nice indeed. The greyhound stands out much better against a plain mirrored background. I'm trying to imagine that in the full ounce size, gold.
Some of the 'purists' among numismatists say proof is best, better than plain bullion, because the aesthetics makes for a more beautiful coin.
And they may well be right. Proof coins are valued higher and cost a lot more.
Btw did you actually receive your gold bullion coin in a flimsy plastic bag? RM sent you for review that same in a capsule, didn't they?
Now to await the drinks coaster. And the set will all be set.
Thanks for tonight's episode. I'm always very happy when there's gold to behold.
Thanks my friend, the RM sent me the 1 Oz gold coin in that plastic bag. I just put it in the capsule for the purpose of the video last week. Proofs coins are the creme de la crème of coins in my opinion and will always hold the best attention of collectors.
Hit like button!! ^w^
Looks like the display case is very nice 👍 your are a little picky on the outside case. Nevertheless beautiful coin
I am being picky, yes. But it is important to me. Thanks for stopping by and commenting!
Which is best? The one you treasure the most!
Ultimately it comes down to whether you're a collector or a stacker. Sure everybody is probably a combination both to some degree. And that is perfectly fine! As long as you can distinguish between whether you buy a coin for collecting or a coin for the metal. I believe that many people fall victim of the collectors trap. They might start out as wanting to buy gold or silver coins and perhaps find it a bit hard to find a seller that they trust. Then there's all these offerings and then people urge out to them in full confident that if (when) gold goes up so does these coins. Sure but often when gold goes up collectors value goes down and over all it has been a bad buy unless you're keeping for 50 years and perhaps even not then.
Back in the 70s (late 60s to early 80s) - in Scandinavia at least - there was a boom of medalions for just about every imagineable event and if none then there was the country's medallion of the year. Typically made in both bronze and silver and some of them even also in gold and platinum although gold and platinum are quite rare to stumble upon (think most has been melted by now). They where not cheap back then (so I'm told) but today it's not uncommon stumbling upon the silver versions for scrap value - I happily buy those. Fun to stack and mostly they're very high relief really beautiful pieces of art compared to modern boring coin like medals. I'm sure that one day they'll regain collectors value - but when is anybody's guess. If not they're not at all hard to sell for silver value and since I bought most for scrap value makes them a great buy - and fun too! The bronze versions even though also quite limited when looking at absolute numbers (typically like 3000 pieces, 1500 pieces for silver) the non pm versions mostly goes for literally pennies - just about zero collectors value at the moment even though they're also true pieces of art. I buy the bronze version of those I also have the silver version of.
That said I do once in a while buy collectors coins that I like and what I think will have potential but far from all of them. That's the difference in stacking and investing in art pieces. Stacking is about the metal and art pieces is about collectors value and there's a very huge difference between these two "investments"!!
(that said I do handle my bullion with care. Nice samples are easier to resell and will probably fetch a little higher premiums as well even though it's nowhere near what you'd expect for collectors items)
Absolutely love this video
Great explanation of the difference of proofs and bullion for someone like me who is a beginner in this remarkable hobby
Thanks from Kissimmee Florida 👍🏽
Thanks very much for the kind feedback, I'm glad you enjoyed the video!
Backyard Bullion
Absolutely
I’ve had some shocking damage on coins received from the royal mint.
Honestly shocking
If you had a choice of the entire series of America the beautiful 5 oz proofs or its equivalent of 250 oz of 2020 silver eagles , what would you choose?
You haven't mentioned the platinum coins
Was I supposed to>?
@BackyardBullion it would be interesting what do you think of platin coins
I like the look of the QBs in regular BU. The “proof” ones look a bit too boring. Almost like private rounds. 🥱😴
Hey BYB, Im new to this. I bought a couple 1 oz bullion coins the other day, really happy with them. However, I am a collector at heart, but want to be able to handle the actual coins, so which coin is best for me?
I to to love proof coins. I have the complete set of American eagle oz silvers from 1986 to 2020.
Been really curious about this so thank you.. I'll watch a couple of times to let the info sink in...
I could see myself purchasing a small collection of fine silver proofs if I stumble across a set I love but for purely financial reasons I think I'd stick to bullion for gold...
A lot of the proof sets I'd seen thus far were not indeed fine silver or even precious metals at all so I had been turned off that idea and actually assumed the proof sets of britannias or sovereign etc were just very expensive plated coins so this info is once again valuable...
Quick question if I may... Do you have a recommendation for a UK based coin capsule seller?... I am specifically looking for airtight capsules for 1/4 oz gold britannia but not the foam insert type.. Actually snug fitting capsule with no rattle etc?... And one last question 😬🙏... I recent saw a vid of yours mentioning some boxes but I could not find the link you mentioned... Any suggestions for such a thing still? Would like an attractive tray box for the 1/4 oz gold britannias...
Glad you got something from the video, feel free to watch it over and over! I would certainly go for precious metals proof coins over non precious metal. As far as capsules go, your best bet is actually somewhere like eBay - just look up the dimensions of the coin in question and then have a look at what is out there, most that dont have the foam are pretty good.
@@BackyardBullion thanks 😊
Pleasure
I like the box. I wonder if they or some other company produce display box or case also for graded coins.
Gold is gold silver is silver , proof or not
Yes, but there is a collectors market to consider too.
I wonder when the ideal time will be to sell them. Will the series be seen as a classic in the future and grow in premium or will it just be a forgotten set worth intrinsic metal value
It will be a hard one to judge, the honest answer is I have no clue. Many different scenarios could play out!
@@BackyardBullion there aren't too many coins outside of the sovereign range that do well in the long run, I think the best time to sell will be on the release of the Griffin, but that doesn't give you time to enjoy them, so I'd hold them and not see them as an investment
The 1 oz gold QB proofs are SO hard to find! Looking for a unicorn and griffin here in the US
Yeah, they have very small mintages.
@@BackyardBullion Seen any listings lately? Highly interested.
I just prefer the look of bullion coins. Proofs tend to have a harsh overly sharp look to me.
Such a good close up ! great video. BYB rambling society :)
I located some proof coins which were literally less than a bullion style coin. I still cannot figure out why a proof coin was less costly.
Great one again byb
.
Thanks my friend!
I’m with you, the series is amazing especially the mirror finish background. Gorgeous! If I can afford to get the coin I love to collect, then I can afford a proof if buying new. Right now I can’t afford it, and just getting into this, I doubt I will be getting them soon, but it’s best to set your Barr high I suppose. Regarding packaging, if that’s just the sleeve, isn’t that the point, if anything is damaged it will be shipping sleeve not the box?
I like this type of analysis video. Please make more like this
Or if you look at buying a set of gold 1 oz. proofs versus a nice set of gold unc. "bullion" pieces, there is a HUGE difference. Perhaps almost 10k pounds. I have a set of unc. 1 oz bullions and they are grand - hand picked and of excellent quality and very PL quality....
Thanks for the info
Westminster are a lot better than the royal mint
Nice
Thanks my friend!
Just ordered my first proof coins, fractional gold to dip my toe! Thanks for the video.
Nice!!
Love it “you can have a pause/ paws sneaky one.
Recent drop in prices made me think about getting some silver from european mint.
Britannia (advertised .999 silver) VS Kangaroo's (advertised .9999 silver) for the same price, which one would you go for?
If you live in the UK then Britannias have capital gains tax exemption which could be useful one day.
@@BackyardBullion Belgium, so, yeah, we're kinda in the same boat regarding taxes. I think I'll go for britannia's to start my silver stacking.
Kangaroo's are often the cheapest option, don't know why, so i'll jump on these sweet brit's while they're at the same level.
Presentation proof coins look nice but at the end of the day the value is in the gold content surely whether it's a little marked or not. Why pay £200.00 more for a bit of timber and cardboard. I may be wrong but that's my opinion anyway!
I think there is a balance for some issues. There is a lot to be said for a very perfect specimen of a coin.
@@BackyardBullion You are definitely right my friend, but do people need to pay so much more just for the surrounding material? I would be more than happy buying a 100% flawless gold coin on it's own.
They are good looking coins. At the moment I have only bought silver bullion 2oz, but quarter ounce in gold is a temptation;-)
The 1/4 gold is a lovely size
Would you recommend buying proofs or bullion as a long term investment? Do the proofs gain value a lot better?
I would say bullion for the long term, only 1 in 100 proofs will gain good value over time
Backyard Bullion why is that? You would expect the more perfect coin to do better and hold its value, I love the Queens beast collection, I wish I knew about solver earlier so I could have collected them, 10oz only though, prefer the bigger couns
Because you are often paying double spot price for something very specific that has a tiny market of interested buyers that only have interest for a limited time and once those buyers have their product they won't buy again, so holding for a long time will mean only a very few proof coins will actually still be desirable or profitable
I assumed the excess mintage of 10 this year was for the Trial of the Pyx or potentially even NGC grading (since RM has teamed up with NGC).
This is the first year I've noticed the maximum coin mintage being higher than the limited presentation. As far as I'm aware, for every previous release these numbers have been the same and there hasn't been excess coins minted above the limited presentation.