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- - British Sovereigns-advice needed (http://goldismoney.info/forums/showthread.php?t=278940)

BROF | 07-01-2008 11:12 AM
British Sovereigns-advice needed Been lurking for a while. Hello and thanks for the great resource. I was offered some Sovs today for only 1 usd above spot (if my calcs are ok) from a company (not a private dealer or ebay) Details listed by company: British Sovereign fine gold weight 7,32gr price 223 usd (spot price was 940 at the time I called) Such a low dealer mark up makes me suspicious. I checked the company out and everything seems ok. It seems like a good deal to me. Is there something I'm missing, or is 1 dollar over spot not that unusual?

dlm1968 | 07-01-2008 11:20 AM
Re: British Sovereigns-advice needed APMEX has them right now for $4.95 over spot so I would not say that is unusual.

eyeofliberty | 07-01-2008 11:21 AM
Re: British Sovereigns-advice needed That's a good deal, if the dealer is legit. Without knowing who it is (you didn't mention names), it's hard to say. Oh, and welcome to GIM!

Raccoon | 07-01-2008 11:22 AM
Re: British Sovereigns-advice needed Gold has risen, so 1 USD over spot is probable for sovereigns. They usually trade for close over spot.

RossL | 07-01-2008 11:26 AM
Re: British Sovereigns-advice needed It doesn't say if they are BU (uncirculated) or have circulation wear. A lot of sovs out there have wear and will grade very fine. It also doesn't say the year. BU sovs from pre-1933 will cost a few bucks more.

goldminer | 07-01-2008 01:05 PM
Re: British Sovereigns-advice needed Welcome and be careful. Sovereigns are reportedly the most counterfieted gold coins in the world, but they are also the most prolifically produced...have been struck since somewhere back in the 1400's. As above, if the dealer/source is reliable, suck 'em up if you want to purchase gold at $940.

Bajan_Man | 07-01-2008 01:16 PM
Re: British Sovereigns-advice needed Quote:
Originally Posted by goldminer (Post 1171727) Welcome and be careful. Sovereigns are reportedly the most counterfieted gold coins in the world, but they are also the most prolifically produced...have been struck since somewhere back in the 1400's. As above, if the dealer/source is reliable, suck 'em up if you want to purchase gold at $940.
I didn't know that (counterfeited part). Good info. But I guess it would make sense as there are a kajillion of them floating around.....

BROF | 07-01-2008 02:40 PM
Re: British Sovereigns-advice needed Thanks for the welcome and I appreciate the tips. I assume they are uncirculated and recent issues but I will check.

Raccoon | 07-01-2008 03:40 PM
Re: British Sovereigns-advice needed Some of the counterfeits are made out of platinum....

BROF | 07-01-2008 05:33 PM
Re: British Sovereigns-advice needed Quote:
Originally Posted by Raccoon (Post 1171953) Some of the counterfeits are made out of platinum....
That would be a bonus :emotions16: If a coin is circulated and assuming its not in too bad condition, I assume the price isn't effected too much if I sell them is it? The worst I can get is spot, or just under, or have I got this wrong? Sorry if this is covered in other threads

TaxHaven | 07-01-2008 06:23 PM
Re: British Sovereigns-advice needed Buy all you can. They're worth a hell of a lot more than $4.95 or a dollar over spot.

tanner12oz | 07-01-2008 08:41 PM
Re: British Sovereigns-advice needed what is the liquidity of sovereigns, roosters, and helvica's? personally i think the roosters and sovereigns are stunning coins (sp?)

GreenSpirit | 07-01-2008 08:47 PM
Re: British Sovereigns-advice needed Quote:
Originally Posted by tanner12oz (Post 1172406) what is the liquidity of sovereigns, roosters, and helvica's? personally i think the roosters and sovereigns are stunning coins (sp?)
Very good liquidity. There is a strong trade in all of those coins.

HistoryStudent | 07-02-2008 04:01 PM
Re: British Sovereigns-advice needed Buy from a KNOWN dealer - see above - like APMEX. Why get screwed for a couple of BUCKS!

TaxHaven | 07-17-2008 04:24 AM
Re: British Sovereigns-advice needed I'd like to re-start this thread. I picked up an 1899 Perth Mint sovereign for just over AU$400 last week, and I have seen this particular coin going for anywhere from AU$500 to nearly AU$1,000...conditions range from AU to BU...none of the coins I've spotted have much wear. Did I get a bargain? Or am I missing something?

Worldmariner | 07-25-2008 04:32 PM
Re: British Sovereigns-advice needed Quote:
Originally Posted by goldminer (Post 1171727) Welcome and be careful. Sovereigns are reportedly the most counterfieted gold coins in the world, but they are also the most prolifically produced...have been struck since somewhere back in the 1400's. As above, if the dealer/source is reliable, suck 'em up if you want to purchase gold at $940.
Have them checked IMMEDIATELY by your friendly jeweler or coin dealer. The ones stamped out of brass are tough to catch, but they are much lighter when you put them on a scale.

Olmstein | 02-18-2009 03:58 PM
Re: British Sovereigns-advice needed Bump Just picked up my first gold sovereign. Went to a coin shop in Scottsdale, was looking for a 10th oz eagle or krug. Guy didn't have any, but he had a sovereign for $240. Spot is $986, so gold value should be $232 right now. Date is 1929, coin is in circulated condition, but I kind of like coins that have actually been used.:s9: Good deal or no?

mike77777 | 02-18-2009 04:03 PM
Re: British Sovereigns-advice needed good deal olmstien.

CoinHunter53562 | 02-18-2009 04:06 PM
Re: British Sovereigns-advice needed Not bad olmstien...I have seen them online for $260 and that was before the $18 increase in gold spot today, so I think you did alright. :ok:

Professur | 02-18-2009 04:09 PM
Re: British Sovereigns-advice needed Damn good deal. Any idea where it's from? I'd love to get my hands on an Ottawa minted one.

mooshcook | 02-18-2009 04:10 PM
Re: British Sovereigns-advice needed Agreed, I have some in Unc. cond. probably would pay over 250 easy right now.

Olmstein | 02-18-2009 04:17 PM
Re: British Sovereigns-advice needed The guy had about 20 of them in a tray, along with some other smaller european gold pieces. Maybe I'll go get another when I get more FRNs.

CoinHunter53562 | 02-18-2009 04:18 PM
Re: British Sovereigns-advice needed Quote:
Originally Posted by Olmstein (Post 1578631) The guy had about 20 of them in a tray, along with some other smaller european gold pieces. Maybe I'll go get another when I get more FRNs.
Does he have a website for his coin biz? :bear_w00t:

Olmstein | 02-18-2009 04:19 PM
Re: British Sovereigns-advice needed Quote:
Originally Posted by Professur (Post 1578605) Damn good deal. Any idea where it's from? I'd love to get my hands on an Ottawa minted one.
How can I tell? I don't see a mint mark like American coins.

Olmstein | 02-18-2009 04:23 PM
Re: British Sovereigns-advice needed Quote:
Originally Posted by CoinHunter53562 (Post 1578636) Does he have a website for his coin biz? :bear_w00t:
Nope, cash and carry only. Valley Coin Co 10632 N Scottsdale Rd Scottsdale and Shea if you're in the area.

jedemdasseine | 02-18-2009 04:24 PM
Re: British Sovereigns-advice needed British Sovereign mint marks: http://www.cruzis-coins.com/sovs/mintmark.html

CoinHunter53562 | 02-18-2009 04:25 PM
Re: British Sovereigns-advice needed Quote:
Originally Posted by Olmstein (Post 1578638) How can I tell? I don't see a mint mark like American coins.
Try this site: http://www.cruzis-coins.com/sovs/mintmark.html

CoinHunter53562 | 02-18-2009 04:25 PM
Re: British Sovereigns-advice needed Quote:
Originally Posted by jedemdasseine (Post 1578645) British Sovereign mint marks: http://www.cruzis-coins.com/sovs/mintmark.html
LOL! Nice find! :bear_tongue:

CoinHunter53562 | 02-18-2009 04:26 PM
Re: British Sovereigns-advice needed Quote:
Originally Posted by Olmstein (Post 1578643) Nope, cash and carry only. Valley Coin Co 10632 N Scottsdale Rd Scottsdale and Shea if you're in the area.
Ok thanks...I may have to call to see if he would mail some my way if I pay by credit card.

Professur | 02-18-2009 04:27 PM
Re: British Sovereigns-advice needed Quote:
Originally Posted by Olmstein (Post 1578638) How can I tell? I don't see a mint mark like American coins.
http://www.goldsovereigns.co.uk/mintsandmintmarks.html

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Gold & Silver Forum - British Sovereigns-advice needed

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- Gold - Silver - Coins - Numismatics (http://goldismoney.info/forums/forumdisplay.php?f=51)
- - British Sovereigns-advice needed (http://goldismoney.info/forums/showthread.php?t=278940)

Olmstein | 02-18-2009 04:34 PM
Re: British Sovereigns-advice needed Quote:
Originally Posted by jedemdasseine (Post 1578645) British Sovereign mint marks: http://www.cruzis-coins.com/sovs/mintmark.html
OK. Wow that is a tiny mint mark, I could barely see it even with my magnifying glass. Mint mark is SA, Pretoria, South Africa. Thanks for the link, guys.

RossL | 02-18-2009 05:16 PM
Re: British Sovereigns-advice needed Yes, it's hard to see. It's a little easier if you tilt the coin so the bottom is towards you and the top is away from your eye.

argentos | 02-18-2009 06:48 PM
Re: British Sovereigns-advice needed Chard's sovereign info section is The Daddy of all sovereign websites, IMO. There's enough there to keep everyone busy for quite a while, but if you haven't much time be sure to look at this page: http://www.goldsovereigns.co.uk/fakes.html! :wavey:

gold-finger | 02-18-2009 07:14 PM
Re: British Sovereigns-advice needed Some Sovereigns are no 'real' Sovereigns, but also no counterfeits: they were legal copies for jewellery purposes. Such coins are sometimes sold as "Sovereigns" for cheap, they contain the same gold content, but they're not the real thing (e.g. less detail etc.). I think we had a thread on such a case a year ago or so.

argentos | 02-18-2009 07:31 PM
Re: British Sovereigns-advice needed Quote:
Originally Posted by gold-finger (Post 1579103) Some Sovereigns are no 'real' Sovereigns, but also no counterfeits: they were legal copies for jewellery purposes. Such coins are sometimes sold as "Sovereigns" for cheap, they contain the same gold content, but they're not the real thing (e.g. less detail etc.). I think we had a thread on such a case a year ago or so.
Please tell us more. That would have been illegal in Britain at all times since sovereigns were first minted.

HistoryStudent | 02-18-2009 07:40 PM
Re: British Sovereigns-advice needed Quote:
Originally Posted by BROF (Post 1171518) Been lurking for a while. Hello and thanks for the great resource. I was offered some Sovs today for only 1 usd above spot (if my calcs are ok) from a company (not a private dealer or ebay) Details listed by company: British Sovereign fine gold weight 7,32gr price 223 usd (spot price was 940 at the time I called) Such a low dealer mark up makes me suspicious. I checked the company out and everything seems ok. It seems like a good deal to me. Is there something I'm missing, or is 1 dollar over spot not that unusual?
Just use AMPEX and cut-to-the-chase and make it simple for a couple of bucks - perhaps? :signs14::yes: PS welcome to a great site for INFO!

Olmstein | 02-18-2009 08:46 PM
Re: British Sovereigns-advice needed Quote:
Originally Posted by argentos (Post 1579032) Chard's sovereign info section is The Daddy of all sovereign websites, IMO. There's enough there to keep everyone busy for quite a while, but if you haven't much time be sure to look at this page: http://www.goldsovereigns.co.uk/fakes.html! :wavey:
Chard's is a great site. Thanks for the link. They are asking $310 for the same coin I just got for $240. http://www.goldsovereigns.co.uk/1929sovereign.html http://www.goldsovereigns.co.uk/imag...ign2rev400.jpg

jedemdasseine | 02-18-2009 09:10 PM
Re: British Sovereigns-advice needed Quote:
Originally Posted by gold-finger (Post 1579103) Some Sovereigns are no 'real' Sovereigns, but also no counterfeits: they were legal copies for jewellery purposes. Such coins are sometimes sold as "Sovereigns" for cheap, they contain the same gold content, but they're not the real thing (e.g. less detail etc.). I think we had a thread on such a case a year ago or so.
That's a very good point, and one that applies to many older gold coins from both sides of the Atlantic.

AZLiberty | 02-19-2009 12:06 AM
Re: British Sovereigns-advice needed Quote:
Originally Posted by Olmstein (Post 1578643) Nope, cash and carry only. Valley Coin Co 10632 N Scottsdale Rd Scottsdale and Shea if you're in the area.
Thanks for the tip. Never been there, as I don't get up north that often. I'll have to stop by next time I'm up in the north valley.

mooshcook | 02-19-2009 12:52 AM
Re: British Sovereigns-advice needed Learning the beauty of APMEX now myself. Some real deals. Just look in the corners.

argentos | 02-19-2009 03:15 PM
Re: British Sovereigns-advice needed Quote:
Originally Posted by Olmstein (Post 1579326) Chard's is a great site. Thanks for the link. They are asking $310 for the same coin I just got for $240. http://www.goldsovereigns.co.uk/1929sovereign.html
You have done very well, assuming it's real and in good nick. :yes:

Beef | 02-28-2009 08:16 PM
Re: British Sovereigns-advice needed I got a sovereign from apmex but it looks more coppery than my other sovereigns. I guess I'm a little worried about it, but I can't believe that it could be a counterfeit if it came from apmex.

HistoryStudent | 02-28-2009 08:52 PM
Re: British Sovereigns-advice needed Was looking through a few BU sovereigns last night and found a 1927 SA (south africa) and a 1901 S (sydney) KINDA fun. I sent in a few sovereigns to NGC last year - and they came back mostly MS63 & few MS64 because i liked the fact they were encapsulated for later on. Sovereigns are a fine coin - and I'd love to pick up an early of of old KING GEORGE III right after the War of 1812 - an 1817 first one.:yes:

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