Sovereign Coins

Discussion in 'Gold Coins' started by Suckering Suckertash, Apr 14, 2012.

  1. Suckering Suckertash

    Suckering Suckertash New Member

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    I'm new to investing in coins and I just wanted an explanation for sovereign coins. What exactly are they? Do buyers consider them as a bullion or numismatic? Why would anyone get a sovereign coin in the first place?
     
    Suckering Suckertash, Apr 14, 2012
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  2. rbaggio

    rbaggio Active Member Silver Stacker

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    http://en.wikipedia.org/wiki/Sovereign_(British_coin)

    Primarily bullion, except for certain combinations of year, mint and grade which make them rare, hence numismatic.

    * Low premium over spot
    * Each gold sovereign is a part of history. "Sovereign Gold Coins are recognized worldwide and have been used as "emergency money" for decades. Allied World War II pilots carried British Gold Sovereigns in their survival kits. Even in Desert Storm, American pilots and British SAS troops carried these historic gold coins as their emergency money in case they were downed in Iraqi territory. Genuine Sovereign gold coins are private, portable, and offer you instant liquidity worldwide." http://www.cruzis-coins.com/sovs/sov.html
     
    rbaggio, Apr 14, 2012
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  3. Suckering Suckertash

    Suckering Suckertash New Member

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    Thanks, rbaggio. I see that there is a lot of historical significance in regards to Sovereign coins. And that Cruzi's Coins website is really useful.
     
    Suckering Suckertash, Apr 14, 2012
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  4. Peter

    Peter Well-Known Member

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    Sovereigns are low premium , fractional(small,1/4 oz) and very well known.So they are highly liquid(sellable).
    Most have no real numismatic value.
    Standard sovereigns are the best things to stack,in my opinion.
     
    Peter, Apr 14, 2012
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  5. rbaggio

    rbaggio Active Member Silver Stacker

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    Yup I love them too, sovereigns and $200 Aussie gold coins are my favourites.
     
    rbaggio, Apr 15, 2012
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  6. Nugget

    Nugget Well-Known Member Silver Stacker

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    Nugget, Apr 15, 2012
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