What would you pay for an 1859 Sydney Mint half sovereign

Discussion in 'Gold Coins' started by Silverman99, Apr 12, 2020.

  1. Silverman99

    Silverman99 Well-Known Member Silver Stacker

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    Recently came across this for sale and for those of you with some knowledge of sovereigns would be interested in the value and are they really that rare

    Ref: KM 3 (EF $7,700). McDonald Ref 006, with a catalogue value of A$2,350 in Very Fine grade and A$13,500 in Extremely Fine.
    3.994 grams of 22 carat (.9166 fine) gold.
    Diameter 19 mm.

    The original Australian issue with "Sydney Mint" on the reverse.
    A particularly fine example of this rare date.

    No sign of mounting, but has a noticeable rim graze at the top of the obverse.
    good Very Fine condition.


    Appreciate any thoughts and comments

    Thanks

    image.jpeg image.jpeg
     
    Silverman99, Apr 12, 2020
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  2. Silverman99

    Silverman99 Well-Known Member Silver Stacker

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    Wow thanks as currently the asking price here is NZ$2k would you say he is dreaming
     
    Silverman99, Apr 12, 2020
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  3. JulieW

    JulieW Well-Known Member Silver Stacker

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    That's significant damage and if you're looking for more than a placeholder you'd wait for an undamaged example.
     
    JulieW, Apr 12, 2020
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    dollars likes this.
  4. slavaja

    slavaja Well-Known Member Silver Stacker

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    Damage is shocking it's probably worst than a cleaned coin.
     
    slavaja, Apr 12, 2020
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  5. Silverman99

    Silverman99 Well-Known Member Silver Stacker

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    Perhaps melt value only ?
     
    Silverman99, Apr 12, 2020
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  6. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    Looks like being cleaned too..still a nice coin but not going to pay premium
     
    bubblebobble2, Apr 12, 2020
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  7. slavaja

    slavaja Well-Known Member Silver Stacker

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    It does too
     
    slavaja, Apr 12, 2020
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  8. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    No, defiantly worth at least double melt value or a bit more, even with the damage as they are rare in any condition.
    I sold a coupe of these type of half sovereigns on eBay last year in much lower VG grade and got about $500 each for them.
     
    Last edited: Apr 12, 2020
    hardyakkagold, Apr 12, 2020
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  9. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    I'd be careful. With that damage it will have a limited number of buyers if/when you decide to sell.
    But for sake of comparison, the below coin sold for 25% less than auction house estimate six months ago - total cost $915.
    QUEEN VICTORIA, second type, 1859, with wreathed head of Victoria left, by L.C.Wyon. Somewhat tooled and polished, otherwise nearly extremely fine and rare in this condition.
    Screen Shot 2020-04-12 at 9.09.53 am.png
     
    jultorsk, Apr 12, 2020
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    markcoinoz, Captain Kookaburra, serial and 2 others like this.
  10. Silverman99

    Silverman99 Well-Known Member Silver Stacker

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    Thank you for this information very enlightening
     
    Silverman99, Apr 12, 2020
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