Queen's Beast Coin From Cheap Buy to HUGE Value! #shorts
By Empire Precious Metals
Key Concepts:
- Queen's Beasts Coin Series
- Gold Bullion Coins
- Precious Metals Investing
- Spot Price
- Appreciation of Value
Queen's Beasts Coin Series Overview
The video discusses the Queen's Beasts coin series, a collection of gold bullion coins issued by the Royal Mint. These coins feature various mythical and heraldic beasts that are reportedly located outside Buckingham Palace. The series included both quarter-ounce and one-ounce denominations for each beast. The collection concluded with a final coin showcasing the Queen's effigy in the center, surrounded by the different beasts.
Acquisition and Initial Pricing
The speaker recounts purchasing one of these coins when they were exceptionally inexpensive. At the time of acquisition, online retailers were struggling to sell them, offering them at prices around $1,800, which was approximately $30 to $40 over the prevailing spot price of gold. The speaker bought one primarily for their collection.
Appreciation in Value
A significant point highlighted is the substantial appreciation in value of these coins. The speaker notes that even before the price of gold reached $3,000 per ounce, these Queen's Beasts coins were trading at $3,000 each, while gold itself was priced around $2,200 per ounce. This indicates a considerable increase in their market value over time, outperforming the general rise in gold prices.
Synthesis/Conclusion
The Queen's Beasts coin series represents a successful investment in gold bullion, demonstrating how collectible and historically significant coins can significantly outperform the spot price of the underlying precious metal. The initial low acquisition cost, coupled with the subsequent market demand and appreciation, made these coins a valuable addition to the speaker's collection and a notable example of the potential returns in the precious metals market.
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