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Government Wealth Warning on Royal Mint's Coins?
The Royal Mint's prices on some of its coin collections are outrageously overpriced, yet people buy them by the thousand. Is this a cynical abuse of public trust?

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The Royal Mint, not content with its monopoly in producing new sovereigns, has for some years now been buying mintmark sets of sovereigns from the numismatic trade, and marketing them to its "Coin Club" members (customers) at exorbitant prices. Sadly because most of its customers are not coin collectors, but ordinary members of the public who, for some reason, appear to trust the Royal Mint.
As we wrote this, the Royal Mint's latest price on its George V mintmark collection was £1,245! We should point out, in mitigation, that the Mint's collection does come in a quite impressive wooden box, with each coin in its own capsule, and with an informative booklet / certificate. At a pinch, the presentation might be worth as much as £50, but on the negative side, the quality of some of their coins is rather variable. We have the advantage of having seen a number of the Royal Mint's sets, so we know their typical grades. Some of their coins would not even make it into our lowest grade / price. Otherwise their sets are closest to our lowest graded set.
Even our most expensive set is £350 less than the Royal Mint's offering. Perhaps we should increase our prices, but we just can't bring ourselves to charging rip-off prices.

Examples
There are many other examples we could quote of Royal Mint pricing being, in our opinion, very high. Here are a selection:

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Set of 7 Different Mintmarked Sovereigns in Case
Set of 7 Different Mintmarked Sovereigns in Case

1925 London Mint - No Mintmark

1925 London Mint - No Mintmark

1924 S = Sydney Mintmark

1924 S = Sydney Mintmark

1924 M = Melbourne Mint

1924 M = Melbourne Mint

1922 P = Perth Australia Mint

1922 P = Perth Australia Mint

1913 C = Ottawa Canada

1913 C = Ottawa Canada

1918 I = Bombay India

1918 I = Bombay India

1932 S.A. = Pretoria Mint South Africa

1932 S.A. = Pretoria Mint South Africa

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