What would you pay for an 1859 Sydney Mint half sovereign

Discussion in 'Gold Coins' started by Silverman99, Apr 12, 2020.

  1. Silverman99

    Silverman99 Well-Known Member Silver Stacker

    Joined:
    Sep 27, 2011
    Messages:
    1,954
    Likes Received:
    571
    Trophy Points:
    113
    Location:
    Auckland New Zealand
    Recently came across this for sale and for those of you with some knowledge of sovereigns would be interested in the value and are they really that rare

    Ref: KM 3 (EF $7,700). McDonald Ref 006, with a catalogue value of A$2,350 in Very Fine grade and A$13,500 in Extremely Fine.
    3.994 grams of 22 carat (.9166 fine) gold.
    Diameter 19 mm.

    The original Australian issue with "Sydney Mint" on the reverse.
    A particularly fine example of this rare date.

    No sign of mounting, but has a noticeable rim graze at the top of the obverse.
    good Very Fine condition.


    Appreciate any thoughts and comments

    Thanks

    image.jpeg image.jpeg
     
  2. ozcopper

    ozcopper Well-Known Member Silver Stacker

    Joined:
    Jul 17, 2009
    Messages:
    17,179
    Likes Received:
    3,338
    Trophy Points:
    113
    Location:
    Australia
    The damage REALLY hurts the price! My guess would be $500 to $600.
     
    jultorsk, Holdfast and JulieW like this.
  3. Silverman99

    Silverman99 Well-Known Member Silver Stacker

    Joined:
    Sep 27, 2011
    Messages:
    1,954
    Likes Received:
    571
    Trophy Points:
    113
    Location:
    Auckland New Zealand
    Wow thanks Oz as currently the asking price here is NZ$2k would you say he is dreaming
     
  4. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,599
    Likes Received:
    3,052
    Trophy Points:
    113
    Location:
    Australia
    That's significant damage and if you're looking for more than a placeholder you'd wait for an undamaged example.
     
    dollars likes this.
  5. ozcopper

    ozcopper Well-Known Member Silver Stacker

    Joined:
    Jul 17, 2009
    Messages:
    17,179
    Likes Received:
    3,338
    Trophy Points:
    113
    Location:
    Australia
    Yup, the seller is dreaming!
     
  6. slavaja

    slavaja Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2010
    Messages:
    1,063
    Likes Received:
    702
    Trophy Points:
    113
    Location:
    Melbourne
    Damage is shocking it's probably worst than a cleaned coin.
     
  7. Silverman99

    Silverman99 Well-Known Member Silver Stacker

    Joined:
    Sep 27, 2011
    Messages:
    1,954
    Likes Received:
    571
    Trophy Points:
    113
    Location:
    Auckland New Zealand
    Perhaps melt value only ?
     
  8. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    3,136
    Likes Received:
    1,438
    Trophy Points:
    113
    Location:
    P!MP land-Seedeneey
    Looks like being cleaned too..still a nice coin but not going to pay premium
     
  9. slavaja

    slavaja Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2010
    Messages:
    1,063
    Likes Received:
    702
    Trophy Points:
    113
    Location:
    Melbourne
    It does too
     
  10. hardyakkagold

    hardyakkagold Active Member

    Joined:
    Mar 25, 2020
    Messages:
    182
    Likes Received:
    245
    Trophy Points:
    43
    Location:
    Melbourne
    No, defiantly worth at least double melt value or a bit more, even with the damage as they are rare in any condition.
    I sold a coupe of these type of half sovereigns on eBay last year in much lower VG grade and got about $500 each for them.
     
    Last edited: Apr 12, 2020
  11. jultorsk

    jultorsk Well-Known Member Silver Stacker

    Joined:
    Oct 17, 2016
    Messages:
    748
    Likes Received:
    1,041
    Trophy Points:
    93
    I'd be careful. With that damage it will have a limited number of buyers if/when you decide to sell.
    But for sake of comparison, the below coin sold for 25% less than auction house estimate six months ago - total cost $915.
    QUEEN VICTORIA, second type, 1859, with wreathed head of Victoria left, by L.C.Wyon. Somewhat tooled and polished, otherwise nearly extremely fine and rare in this condition.
    Screen Shot 2020-04-12 at 9.09.53 am.png
     
  12. Silverman99

    Silverman99 Well-Known Member Silver Stacker

    Joined:
    Sep 27, 2011
    Messages:
    1,954
    Likes Received:
    571
    Trophy Points:
    113
    Location:
    Auckland New Zealand
    Thank you for this information very enlightening
     
    jultorsk likes this.

Share This Page