Full UK GOLD SOVEREIGNS ~INFO SOUGHT ABOUT SOVEREIGNS.

Discussion in 'Sovereigns' started by Silvermonkey, Jun 28, 2012.

  1. Silvermonkey

    Silvermonkey Member

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    Hi Stackers!

    Im not very familair with Gold Uk Sovereigns (full & half/quarter). I know they are 22k.

    and was hoping the more experienced members on here may be able to clue me in on some of the background and history of them.

    I have noticed the sov's from pre 1900's are different with the shield face. Are these worth more?
    Also some are minted M / S ETC.. and believe this is where they were minted at? Are the ones that were minted in Australia still classified as UK Sovereigns or Aussie Sovereigns?

    I'm keen to start aquiring some,

    ball park price for full sovereign -around $400? depending on condition and or years?

    Any info or rundown on these coins would be a huge help before I jump in and start buying..


    Thanks :)
     
  2. Peter

    Peter Well-Known Member

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    Any sovereign that is not rare is worth about spot plus a few percent.
    $400 AUD or a little less.Rare one's worth depends very much on condition.
    Some boxed editions are worth a little more.
    Most are not rare.
    A good way of getting gold metal.
    Well recognized,fractional(small),low premium on top of spot.
     
  3. 2003dve

    2003dve New Member

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  4. Silvermonkey

    Silvermonkey Member

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    Thanks 2003dve!
    :)
     
  5. mistered

    mistered Member

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  6. Silvermonkey

    Silvermonkey Member

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    Some good stuff here
    Thanks guys...
    Just bought my first half sovereign as well to boot!
     
  7. Photonaware

    Photonaware Active Member

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    If you are serious about finding out more then buy the two sovereign books by Michael Marsh, one covers full sovereigns and the other half sovereigns. These are heavy reading and really for numismatics.
    Bullion coins can be purchased for typically 3-5% above spot regardless of the year of mintage.
    Young Head Victorian shields may cost a bit more, say 10% above spot.
    Proof coins are stunning and prices will be based mainly on mintage. Some proofs however can be bought close to bullion prices.
    Owning a 4 coins proof set including the 5 coin is like getting a hole in one on the golf course.
    Best of luck getting addicted.
     
  8. RhythmDoctor

    RhythmDoctor Active Member

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    I'm a shield collector, as well as old Georgian stuff (pre-Victorian)

    Best thing I can say about Sovereigns is that they used to be the Great British Pound coin. 1 pound. Now they cost ~230 GBP to buy.

    There's an example of rampant fiat inflation for you! 230 shitty brass coins for one small gold one, inflated almost 230% annually in 100 years.

    Do the math - and buy em! :D
     
  9. Photonaware

    Photonaware Active Member

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    Love the Victorian shields and collecting mainly half sovereigns when they can be purchased for exactly half a full sovereign. Often the smaller coins are priced higher in proportion to their fraction. A good price for sovereigns to buy is spot plus 3%. The majority of bullion issue is very common. Scarcer coins will attract significant premiums. I am looking at the 1990 proofs right now and they are incredibly expensive probably based on low mintage for the year.
     
  10. RhythmDoctor

    RhythmDoctor Active Member

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    Yeah, I've paid around $240 for a George III half sov - that didn't bother me though.

    I don't know about you guys, but I've watched 2 completed monarch pre-decimal typesets go above 1300 GBP each while I was back home. Since I got back to Australia in February - I bet you can guess what I've been doing... :p
     
  11. VRS

    VRS Well-Known Member Silver Stacker

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    For general guidance on mintages head over to http://www.cruzis-coins.com - For top end prices at one of Aussie's premium dealers (emphasis on the word premium) check out http://www.jaggards.com.au/shop/products.asp?categoryid=8 - If you're buying Sovs/half Sovs in UK always always check out national pawnbroker chains like Mays & Albermarle, because they're only interested in bullion value - I've had some stellar finds on AU & SA Sovs in UK before now - they don't ascribe any numi value - their loss ;)
     

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