Limited edition £20 coin deal - plus Free £15 with very little effort! @ royalmint
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Limited edition £20 coin deal - plus Free £15 with very little effort! @ royalmint

258
Found 14th Nov 2013
There's a few options here to potentially make some money!

Firstly, you can go to the royal mint website and purchase one, two or three rare 2013 £20 coins. If you buy three you get free postage so pay £60 to buy £60.

The coins may gain in value, they may not - but are legal tender so you aren't going to lose anything by trying taking a punt! Plus if you change your mind, royal mint are offering six months of refunds.

To purchase, click here:

royalmint.com/sho…gon

HOWEVER there's also some money to be made. You can sell all three to a company that is paying £25 per coin and bag yourself £15 profit. All postage is free, so it will only cost you a little time.

Or of course you could sell two coins for £25 each and keep one rare £20 coin that only cost you a tenna!

For info about selling the coins back, click here:


westminstercollection.com/%C2…AIQ

Ok so it's a little effort but what do you think guys?

Won't be accepted by banks or shops!
- meowmix

^^^^^^^^^^^^^^^^^^^^^^^^^^ someone hasn't done their research. That is so untrue.
But having said that, why would you buy something like this just to get your money back?
- Jumpingphil

WARNING TO INVESTORS:
independent.co.uk/new…tml
- yankyg

payment by paypal - not £15 profit - fees.
- deadleg21

258 Comments

Heat. I love it when someone posts a well thought out deal.

Payment by Paypal so they'll take their 3.4% + 20p but still a good offer. Are they hoping to sell them on for more than £25?

kenwebb1953

Heat. I love it when someone posts a well thought out deal.



Not to take credit away from the OP but link provided by the OP basically details exactly as described above. The company are inviting us to buy 3 of these coins to then sell to them.

What does this westminstercollection.com actually gain from paying £75 for £60 of legal tender? They seem to be putting a lot of effort into this. Think I'm just getting old and cynical.
Edited by: "greysquaill" 14th Nov 2013

I have 6 of these beauty's.. Be stupid to sell them for £5 profit as they will increase in value once the royal mint sells out.. International buyers go crazy for these

Plus Quidco!

Dont forget Quidco!

ok, so I spend £60 buying these coins and then simply send them off to some guys that promise to pay me an extra £5 per coin.

They may well be legit, I have no idea, but it sounds like a great idea for a scam.

For the cynical perhaps the have to gain:
Your coins
Your bank a/c details
But I am a clinical cynical lol!

If everyone tried this surely the company would stop buying a £20 coin for £25, hence bit sceptical.

You pay £60 and never sell them as they may increase in value. That's why they do it, no one is going to use these are they?

just ordered 3.... thanks

Also why doesn't the company just buy them all direct from royalmint? Me no understand.

I wonder how many will get 'lost' in the (free)post?

why cant the other company not buy them direct from the royal mint?

NO quidco I am afraid,

Please note, the Royal Mint is legally unable to provide cashback on coins who’s selling price is the same as it’s denomination, e.g. £5 coin sold for £5 or 50p coin sold for 50p.

Still a good deal

Lol, send them Freepost. Its getting close to xmas, relief staff are in post sorting offices and are "coining it in" with free £20 coins being sent in. Bet they will be happy

Love this sort of deal thanks OP normally but ....

One of those stupid websites though that wont let me register ' that e mail address already has an account' so try the password reminder and it says 'no account exists with that e mail address ! '

This looks like money laundering to me...

I think there is a limit on buying then and only for personal buyers, not businesses. Maybe that's why they want them - they can then sell them abroad??

Im willing to take any old £20 notes off peoples hands just pop em in the post to me

dlm136

Interesting article about this … Interesting article about this coinhttp://www.theguardian.com/business/2013/sep/05/20-pound-coin-royal-mint-dealer-sceptical



Article seems to suggest it is a know fact that such coins tend to lose their value. This begs the question of why a company would knowingly pay over the odds for this.

Paying extra £5 for something that is limited edition also made of fine silver the most under valued commodity on earth isn't a bad thing.. These will double by the time the mint sells out

I can't be ars...

Bothered

greysquaill

What does this westminstercollection.com actually gain from paying £75 … What does this westminstercollection.com actually gain from paying £75 for £60 of legal tender? They seem to be putting a lot of effort into this.



They sell the coins on, so their investment is a maximum of a fiver. For that, they have your full customer details, and you'll never escape.

cuppachaa

Paying extra £5 for something that is limited edition also made of fine … Paying extra £5 for something that is limited edition also made of fine silver the most under valued commodity on earth isn't a bad thing.. These will double by the time the mint sells out


not made of fine silver, made of .9999 silver which is not even classed as precious metal.
Not accepted in banks so not really legal tender this is the reason for the 6 month by back.

Original Poster

If the company paying £25 per coin are genuine, then I guess they hope to make money by securing a large number of the coins and thus further limiting the amount available?

They can't buy them direct as they are limited to three coins per household.

I can't decide if I'm gonna keep my coins or sell them on? Might just keep them and hope they go up in value

Apparently no commerative coin has gained value since the 80's? Any opinions on this?

cuppachaa

Paying extra £5 for something that is limited edition also made of fine … Paying extra £5 for something that is limited edition also made of fine silver the most under valued commodity on earth isn't a bad thing.. These will double by the time the mint sells out



Pretty unlikely. The Royal Mint makes such huge 'limited editions', that it'll be years before you have a chance of a profit.

Silver is probably undervalued. And it'll probably stay that way for a goodly while, too.

Sure, you can sell to a dealer - but you'll be lucky to get face value.

Check the prices these are being sold for on eBay before you send yours anywhere (_;)
pages.ebay.com/lin…374
Edited by: "Monkeybumcheeks" 14th Nov 2013

You will find that .999 silver is real silver and also a precious metal..I've been collecting silver for 3 years now and .999 is near pure!!!

Original Poster

Surely if this company pay money to you via paypal, they just get your email address? I didn't think your account number and sort code were public?

Might be wrong

cuppachaa

and .999 is near pure!!!



I'm a mathematician and I can confirm that this checks out

Lots of things don't sound 100.00% hunky dory:
1) Guardian article: "The £20 coin, the first since the Royal Mint began designing decimal coins, is considered legal tender by the Royal Mint, but in practice will not be accepted by banks or shops"
2) Sending to Westminster - Proof of posting to a Freepost address is only going to give you proof of posting and no compensation whatsoever if they deny receiving it - if it is 'money' then Royal Mail won't pay out for loss; and the most they now pay for an ordinary envelope is £20 (used to be closer to £40).
Edited by: "mk-donald" 14th Nov 2013

FYI -

The £20 coin, the first since the Royal Mint began designing decimal coins, is considered legal tender by the Royal Mint, but in practice will not be accepted by banks or shops.

This website costs me more than it saves me! Good find however!

Getting bids of £25'ish on eBay. I'm conflicted, I think something like this would be neat to have for collection but at the same time it's £60 just doing nothing, it's only the fact that it can't be spent in shops that is putting me off.

greysquaill

Not to take credit away from the OP but link provided by the OP basically … Not to take credit away from the OP but link provided by the OP basically details exactly as described above. The company are inviting us to buy 3 of these coins to then sell to them.What does this westminstercollection.com actually gain from paying £75 for £60 of legal tender? They seem to be putting a lot of effort into this. Think I'm just getting old and cynical.



westminstercollection are a competing company like other coin merchants. As this coin is a Royal Mint exclusive - you can only buy them from RM. There is a limit of 3 coins per person. Westminstercollection sell collectible coins, so they are trying to buy up as many as possible considering these £20 coins will come in nice packaging, store the coins and sell them on at a higher price once RM are exhausted of the coins.

I am sure Westminster have a tax relief on these some how not to mention the big customer base they have around the world. I am sure there are a lot of Oil rich Arabs out there who love the Royal Family....

Weapon

Getting bids of £25'ish on eBay. I'm conflicted, I think something like … Getting bids of £25'ish on eBay. I'm conflicted, I think something like this would be neat to have for collection but at the same time it's £60 just doing nothing, it's only the fact that it can't be spent in shops that is putting me off.



The 60£ has already increased by an additional £15. Try getting that from your bank instantly

Over the course of the next few years this Royal Baby could become king.... considering the Queen will live for another 50 or so years bless her So Charles and the other gimps won't have a chance on the throne

£15 profit
and if one gets lost in the post then,,,,


ebay about £25 + del but delivery is only a few £ extra (so its not insured delivery or anything?)


Edited by: "AzeemB" 14th Nov 2013
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