British Gold Sovereigns - Prices?

"note.boy" wrote in message
...

Sovereigns should be of more interest to a coin collector as they are more
of a real coin than the many solely bullion coins that are available, the
sovereign circulated I believe up the outbreak of WWI. Billy

Betcha.
I *like* that they are relatively unpopular for all the obvious selfish
reasons.

I believe they circulated well past WWI here in Australia, but my primary
sources have passed on. I'll do some hunting around and report back...

--
Jeff R.

In a recent message wrote:

In article
. com,
says...
On Mar 28, 1:49 pm, "gogu" wrote:
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.org...

What is a reasonable price for British gold sovereigns?

22 Carats, and 0.2354 try ounce, each.

Yes, I know that these are less efficient that Krugerrands. But
I am trying to figure out how much premium is involved for buying
this smaller amount.

Usually bullion plus a 4-6% premium and that's only if they are in great
shape.
Except it's a 1916;-)


I would suggest that $190 to $210 would be an average
dealer's selling price


OK, that is semi-reassuring. I was bit concerned. The other day
at my local dealer, there were some for NZ$300. Which is about
US$220.

I wanted to make sure that they were at least in a reasonable
range.


for decent looking Sovereigns


I'm not sure what "decent looking" means. But I'll have a closer
look on a future visit.


(especially Queens). This versus
a melt of about $155. Perhaps Kings might go a little cheaper.


Queen meaning Victoria??? Would modern Elizabeth II versions be
expected to sell for less than the Kings (looks like maybe four
different Kings)?


If you are in the States, you could probably buy the American Gold
Eagle Quarter ounce for $185 or so, and get a bit more gold too.


No, unfortunately, my location has some serious issues with
availability and lack of competition. So I am resigned to paying
some extra premium, compared to US prices.

For example, I just bought some Mercury dimes for the equivalent
of US$1.45 each. And I have seen even higher prices online.
Just for random 1940s - nothing special.

So, anyway, it sounds like my dealer's Sovereigns might be sort
of OK. I'll read a bit more, and then check their dates.

Although I feel rather more confident about continuing with my
silver focus. While I am more suspicious of gold dropping a
significant amount. Also, I have personal issues with currency
exchange rates (at their craptastic peak right now), and maybe
should wait until they swing a little more in my favour.


The main thing to watch is that gold sovereigns of George V
and earlier have been extensively forged. However, they may
have the right amount of gold in (or even more!).

--
Tony Clayton
Coins of the UK : http://www.coins-of-the-uk.co.uk
Sent using RISCOS on an Acorn Strong Arm RiscPC
.... Marriage isn't a word, it's a sentence.