Which grade do you prefer to collect? Don't know much about the numismatic aspect and not keen to pay a higher premium, so i prefer bullion grade sovereigns. If they come in decent condition that's a bonus.
If you pay just a little more for UNC still have gold bullion, but when you sell more people will look at your coin. Just keep them separately from your regular bullion sovereigns and offer an option to potencial buyers with a little extra premium
Thanks for the reply. How do you deal with the problem of grading coins as UNC (or Fine, EF etc) that you have bought or are buying ungraded? Eg plenty of Fleabay sovereigns are ungraded so i assume these are bullion. Others (apart from the encapsulated ones) are graded but it seems arbitrary and based upon the seller's perceptions of condition. Seems like there is a lot of inconsistency around.
http://www.ebay.com.au/itm/ws/eBayISAPI.dll?ViewItem&item=390365710680&ssPageName=ADME:L:OC:AU:1123 Would that one be considered UNC considering it is in a capsule? Just wondering because it says BU in the listing which I assume to mean Bullion. Sorry bit of a newbie
You need practice to grade coins. It is the best to get a few coins for each grade as a guide. Always look the highest points on any coins. On sovereigns look the: The crest of St George's helmet; St George's chest, together with the strap & pin fastening his cloak; The bridle as it crosses the horse's neck; The muscle separation in St George's upper thigh; The horse's forequarters & rump; The "bloodline" in the sword; The upper band across St George's boot; The dragon's torso below it's neck.
I collect both bullion and proof grade Sovereigns A 1984 Proof 5 three coin set would cost about 10% more than its bullion grade equilivent. However its rarity and condition more than justifies its premium in my opinion. 1984 Proof 5 Weight 39.9 grams (mintage 905) http://www.taxfreegold.co.uk/wesellfivepounds.html 1984 Proof Full Sovereign Weight 7.98 grams (mintage less than 25,000) http://www.goldsovereigns.co.uk/forsaleelizabethii.html 1984 Proof Half Sovereign Weight 3.99 grams (mintage of 12,410) http://reviews.ebay.co.uk/MINTAGE-F...LF-SOVEREIGN-COINS_W0QQugidZ10000000010951284
Proofs are wonderful to own and look at compared to bullion. Since gold is a soft metal, if you obtain newer UNC or proofs, take care of them and keep them in a capsule. Don 't confuse UNC with proof. Many sellers on eBay incorrectly describe their coins as proof. There is a world of difference between the two.
Exactly 10% Proof coins are subject to GST in Australia whereas UNC 999 coins are not. In some cases, UNCs are worth more than their proof cousins ... This thread mostly talks about Sovereigns, which are subject to GST either way.
Excellent points above.... they are the key points to look at when looking at sovs. I also look out for any nicks, scratches and overall colour appeal.
I like my proof sovs too... you can also get them cheaper than regular bullion sovs. I don't know why, but they seem to sell for less, especially the more common proofs. M
Proof and later years sovereigns are nice, but different market. Earlier sovereigns intended to be circulating currency, later sovereigns aimed to the numismatic market.
