Hi Mate, Can anyone tell me what would be the fair price for 1909 & 1910 Australia Full Sovereigns (haven't checked the mint mark yet). I mean the "fair price" in this forum (I know Ebay listing for over $500 for them). Grades would be gVF to EF (as per advise from an ANDA dealer).
Price is so sensitive and subjective to comment on. However, if you are interested in possible premium element: 1909M - mintage 3,029,538 - Rated Common 1909P -mintage 4,524,241 -Rated Common 1909S -mintage 2,057,000- Rated Normal 1910M - mintage 3,054,547 - Rated Common 1910P - mintage 4,690,625- Rated Common 1910S - mintage 2,135,000 -Rated Normal source: Marsh Thus, you have 'bullion' coins, which could be appealing, but will not generate high premium. IMHO, of course.
Ebay's prices for 1909 & 1910 Australia Full Sovereigns were at least 20% over spot prics and dealer charge more for UNC and higher grade coins. Considering about the ebay fees, I would say seller would take around 5~10% permium over spot. My question is "what would be a fair price here"? That means we should sell at spot or spot + certain percent? smaller size gold coins normally carried higher premium than their 1/2 oz or 1 oz sisters (exclude mintage issue).
at 0.2354 oz gold, they each have a spot price of $410 (at 1738 AUD/oz) i dont see many advertised here or selling for much more than spot .. unless they rare or higher grades
I think not many people will like to sell at spot (what ever it's gold or silver) unless they are scrap items. However, goldstackers selling them at around 5% premium so I think it's a good reference (even though they didn't indicate the grade of the coins).