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Special Edition 1989 Gold Sovereign

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Author Previous TopicReplies: 6 / Views: 2,308Next Topic  
New Member

United Kingdom
3 Posts
 Posted 01/31/2014  06:46 am Show Profile   Bookmark this topic Add LRoseMcC to your friends list Get a Link to this Message Number of Subscribers
Hi, I've just registered here because I have a 500th anniversary Gold Sovereign from 1989. I'm interested in selling it, however I'm struggling to find the best way to do so. Are there any reputable dealers worth contacting? I want to make sure I get a fair valuation on it as prices seem to vary wildly.

Any help or advice would be much appreciated! Many thanks in advance.
Valued Member
United Kingdom
287 Posts
 Posted 01/31/2014  07:50 am  Show Profile   Bookmark this reply Add mashisback to your friends list Get a Link to this Reply
I would avoid selling to a dealer, ebay will get you the best price, probably about £300, but after fees that would leave you at about £260.

Best of course would be to sell it private collector, to someone like me who could deal without fees, (But I cannot BTW as its against forum rules I believe). If you are in the wrong crowd to find someone, I would definitely go with the ebay auction route
Valued Member
United Kingdom
287 Posts
 Posted 01/31/2014  07:55 am  Show Profile   Bookmark this reply Add mashisback to your friends list Get a Link to this Reply
I think you also have to have so many posts and be a member for so long before you can try sell on here.

If a veteran could please confirm if I can make our new member an offer on this? I am assuming I cant so I won't unless told otherwise?

Thanks
Valued Member
United Kingdom
287 Posts
 Posted 01/31/2014  07:59 am  Show Profile   Bookmark this reply Add mashisback to your friends list Get a Link to this Reply
I take it back, they seem to sell for nearer £900 on ebay?

http://www.ebay.co.uk/sch/i.html?_s...Sold=1&rt=nc
Valued Member
United Kingdom
287 Posts
 Posted 01/31/2014  08:25 am  Show Profile   Bookmark this reply Add mashisback to your friends list Get a Link to this Reply
I think I will stick to asking questions instead of trying to answer them :)

Spink 2014 values this coin at £1200, which really surprises me!

A dealer, as standard would probably offer you 50% ish of what he would sell it on for. So I'd expect them to offer you a maximum of £600 but probably less.
On ebay, it appears they sell for anything between £700 - £1000, so again I would advise that ebay is your best option, if you can be patient, put it on for £1200 or nearest offer and see what happens, then if no interest, drop it to 1k or nearest offer.

If you want to be selling quicker, I would list it on ebay on 7 or 10 day auction starting at 99p, put as much info in as you can find, including Spinks valuation. I would think you will net at least £700 after fees.

I personally wouldn't spend £600 on this myself, so I cannot help :(

Again, I would highlight the spink valuation, as I had a quick look on 'coins of the UK' and this values it at just £350, and others may do the same.

Hope my final answer helps :)
Pillar of the Community
United States
3184 Posts
 Posted 01/31/2014  1:15 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
sell it here.......no fees
Valued Member
satxwd's Avatar
United States
321 Posts
 Posted 02/03/2014  11:11 am  Show Profile   Bookmark this reply Add satxwd to your friends list Get a Link to this Reply
Have you thought of keeping the coin? Perhaps as a family heirloom? It's a beautiful design and a nice type coin to keep. I have the 5 pound and half Sovereign of the same year design and they are both in the bank box. You should think about keeping it IMO.
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