What is a gold sovereign worth?
- Thread starter stackmans
- Start date
That's actually wrong. Official number is something like 395 million.
Heartastack, they certainly did mint that many but i guarantee that a huge number have been melted down. Remember that they are currency and were used daily for goods and services, they would suffer wear and tear and would be removed by the reserve bank to be melted down once they were in bad enough condition. In addition sovereigns would regularly be used for international trade and often would be melted down once they arrived in their destination country. Thats tons of them being moved around the would, melted then turned into francs, us dollars etc
Lunar i don't know if you're just massively ill informed or purposely misleading for an unknown personal agenda. But you are wrong
Lunar i don't know if you're just massively ill informed or purposely misleading for an unknown personal agenda. But you are wrong
I wish there were more offers like that available on the forum...
KangaBanga
Active Member
Did u buy an xrf machine to test your coins?
XRF handheld is around $15K+. Sigma PMV is $1000-2000 and does the similar job, just put it on measurement mode
Minting mintage and actual in circulation is two totally different thing... every refinery set the max mintage/minting to their production, but what is the availability on market now is much lower than its original mintage
As to lunar, his ‘brain’ mintage is one, but what is available is none
yes and it has a significant planchet flaw
KangaBanga
Active Member
well you guys in melbourne might not be lucky with the COVID but u sure are lucky with XRFs. I heard Bullion Now has one as well which they are happy to let their customers use when they not busy.
SlyGuy
Active Member
Machine? Bah. Get a old school sovereign balance to test your sovs and half sovs. They're only around $50 USD and worked fine for over a century... and hey, they they still do. No joke... get one.
The 999 gold is too soft and 1oz pieces too expensive anyways. Once you start on sovs, you really won't want any other gold types. They are great.
KangaBanga
Active Member
GENIUS!!!Machine? Bah. Get a old school sovereign balance to test your sovs and half sovs. They're only around $50 USD and worked fine for over a century... and hey, they they still do. No joke... get one.
The 999 gold is too soft and 1oz pieces too expensive anyways. Once you start on sovs, you really won't want any other gold types. They are great.
*Literally spits out his drink* What kind of numpty is offloading gold under spot?
A charlatan, grifter and a crackhead. Maybe Down’s syndrome, Alzheimer’s or pure malice (fraud, in the sense of it is not your gold) in extreme cases
I won’t quote the gloat after the above statement
In reality, sovs are .2354 from recall
That would make spot 603.7
The difference is 5.75%
This is a dealer price
I’m not used to gloating dealers
Total rubbish unless you can substantiate it
The spot price is now around 2475
On Friday, the time of your post it was a lot higher 2566.70
.2354 of 2566.7 = 604.2
How many dealers on Friday in Melbourne were willing to sell a sov not only under spot, being 604.2, but also cognisant of their GST obligations of 10% on top?
The spot price is now around 2475
On Friday, the time of your post it was a lot higher 2566.70
.2354 of 2566.7 = 604.2
How many dealers on Friday in Melbourne were willing to sell a sov not only under spot, being 604.2, but also cognisant of their GST obligations of 10% on top?
nicotineandcaffeine
Active Member
He didn't say dealer.
Most of my sovereigns were under spot. Usually -5% and up to -10%. Private sales.
2020 was unusual as it pushed the price of sovereigns over spot.
As for dealers Wynyard Coins was selling about 5% over earlier this year. Less GST and shipping and they were selling -5% or -6%. From memory Jubilee/Veilded Head EF and Edward/George UNC. I picked up a few Shield backs just beffore COVID, UNC but common dates, for $500 and $550.
nicotineandcaffeine
Active Member
My current buy back is $555.
Not sure if Mill3d is new. Generally if you offer buy back plus a few bucks you'll get offered the sovereign.
Not sure if Mill3d is new. Generally if you offer buy back plus a few bucks you'll get offered the sovereign.