What sort of a premium over spot should I ask for proof sovereigns? eg. 1981 UK.

[dash007]

 

[dash007]

Depending on where you wish to sell them, dash007.

On the forum here we are a tight-fisted bunch of penny-pinchers who like to purchase our metals for the lowest possible prices,
so on here probably 10% or a bit more over spot is about all you can reasonably expect to get.

On eBay, I have seen the QEII sovereigns sell for up to $1k and more, but the trick there is to list it at the high price and then be prepared to wait weeks
or even months till you get a bite.

Thanks hardyakkagold. I am happy to sell the proof sovereigns at spot +10% as I have had them since 2015. I also have a lot of bullion sovereigns which I have been selling back to the dealer in Sydney I bought them off for spot simply because it is easy!

 

[hardyakkagold]

No worries, dash, and for goodness sake don't sell the bullion sovereigns to the dealer for spot, sell them here, you will get at least 5% over spot
maybe even a bit more depending on the condition.

 

[Oddjob]

Whilst it's the UK and it's a bigger market for sov's, have a look see at the prices they are selling sov's for on "The Silver Forum" and bang the GBP price into google for an AUD amount. It'll be in that 5-10% over spot range.....

Proofs will generally fetch a higher premium than bullion especially if mintage was lower. 1981 proof mintage was circa 32k odd with subsequent years up to now with much lower mintage numbers. As noted above QEII's do attract a higher premium than prior monarch's sov's (certain years excepted) mainly cos Lizzy was a saucy minx and longest serving monarch.

A proof if graded subject to the grading may attract a higher premium but the graded sov market in Aust doesn't seem as large as the UK and we don't see too many graded sov's for sale on this forum.

 

[dash007]

No worries, dash, and for goodness sake don't sell the bullion sovereigns to the dealer for spot, sell them here, you will get at least 5% over spot
maybe even a bit more depending on the condition.

No worries, dash, and for goodness sake don't sell the bullion sovereigns to the dealer for spot, sell them here, you will get at least 5% over spot
maybe even a bit more depending on the condition.

Hi hardyakkagold. Thank you for your advice about selling some sovereigns. My issue here in Sydney is that if I need the cash in a hurry, to say pay a tradesman etc, the dealer can do the transaction on the same day. Because they are in his packaging and never handled he just knows they are circulated bullion sovereigns. Perhaps I can test selling here at spot +5% and see how long it takes. Do I just post the offer under gold? Michael

 

[spannermonkey]

Spot + 10% is what I would be asking