Value for 1909 & 1910 Australia Full Sovereigns

[Flyinfree]

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).

 

[greedy Kobold]

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.

 

[Flyinfree]

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).

 

[Flyinfree]

Well, here's the test ...

List a sovereign here at $500.

If it sells quickly, then maybe the price was a little low.

List the next one at $550. and see how long it takes to sell that one.

Then ..... you have your answer.

Actually I found the prices from goldstackers so now I got the references

 

[Au-mageddon]

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

 

[Flyinfree]

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).