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?

Re: British Sovereigns-advice needed
 

APMEX has them right now for $4.95 over spot so I would not say that is unusual.

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!

Re: British Sovereigns-advice needed
 

Gold has risen, so 1 USD over spot is probable for sovereigns. They usually trade for close over spot.

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.

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.

Re: British Sovereigns-advice needed
 

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.....

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.

Re: British Sovereigns-advice needed
 

Some of the counterfeits are made out of platinum....

Re: British Sovereigns-advice needed
 

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

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.

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?)

Re: British Sovereigns-advice needed
 

Very good liquidity. There is a strong trade in all of those coins.

Re: British Sovereigns-advice needed
 

Buy from a KNOWN dealer - see above - like APMEX.

Why get screwed for a couple of BUCKS!

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?

Re: British Sovereigns-advice needed
 

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.

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?

Re: British Sovereigns-advice needed
 

good deal olmstien.

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:

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.

Re: British Sovereigns-advice needed
 

Agreed, I have some in Unc. cond. probably would pay over 250 easy right now.

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.

Re: British Sovereigns-advice needed
 

Does he have a website for his coin biz? :bear_w00t:

Re: British Sovereigns-advice needed
 

How can I tell? I don't see a mint mark like American coins.

Re: British Sovereigns-advice needed
 

Nope, cash and carry only.



Valley Coin Co

10632 N Scottsdale Rd

Scottsdale and Shea if you're in the area.

Re: British Sovereigns-advice needed
 

British Sovereign mint marks:
http://www.cruzis-coins.com/sovs/mintmark.html

Re: British Sovereigns-advice needed
 

Try this site: http://www.cruzis-coins.com/sovs/mintmark.html

Re: British Sovereigns-advice needed
 

LOL! Nice find! :bear_tongue:

Re: British Sovereigns-advice needed
 

Ok thanks...I may have to call to see if he would mail some my way if I pay by credit card.

Re: British Sovereigns-advice needed
 

Re: British Sovereigns-advice needed
 

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.

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.

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:

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.

Re: British Sovereigns-advice needed
 

Please tell us more. That would have been illegal in Britain at all times since sovereigns were first minted.

Re: British Sovereigns-advice needed
 

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!

Re: British Sovereigns-advice needed
 

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

Re: British Sovereigns-advice needed
 

That's a very good point, and one that applies to many older gold coins from both sides of the Atlantic.

Re: British Sovereigns-advice needed
 

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.

Re: British Sovereigns-advice needed
 

Learning the beauty of APMEX now myself. Some real deals. Just look in the corners.

Re: British Sovereigns-advice needed
 

You have done very well, assuming it's real and in good nick. :yes:

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.

Re: British Sovereigns-advice needed