Value for 1909 & 1910 Australia Full Sovereigns

Discussion in 'Sovereigns' started by Flyinfree, Jun 16, 2016.

  1. Flyinfree

    Flyinfree Well-Known Member

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    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).
     
  2. greedy Kobold

    greedy Kobold Well-Known Member Silver Stacker

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    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.
     
  3. Flyinfree

    Flyinfree Well-Known Member

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    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).
     
  4. Flyinfree

    Flyinfree Well-Known Member

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    Actually I found the prices from goldstackers so now I got the references :)
     
  5. Au-mageddon

    Au-mageddon Active Member

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    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
     
  6. Flyinfree

    Flyinfree Well-Known Member

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    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).
     

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