Sovereigns - Coin Community Forum

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Author	Replies: 3 / Views: 1,445
LordWrathbone Valued Member United States 124 Posts	Posted 01/03/2016 01:56 am I'm tempted by a sovereigns sale but I'm not sure if it's that great a deal right now. If a coin has almost $200 in gold and it's markup is 10%(about $20), it sounds decent to me. Do these ever seem to go for cheaper? I saw the current deal which ends tomorrow at Penn Metals. Report this Post to the Staff

Mr T Pillar of the Community Australia 2180 Posts	Posted 01/03/2016 04:03 am Most of the sovereigns I see for sale are at least 25% above spot, though that's for bag-marked uncirculated predecimal sovereigns. Modern or extremely worn predecimal sovereigns may go for cheaper but I'm not sure. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 01/03/2016 05:51 am Common date Australian sovereigns in AU 55-58 can be had for about 15%-25% above spot gold value; EF 40 for common dates for spot value only. Young Head Australian sovereigns in EF40 for about 10%-25% above spot value, for the more common date and MM combinations. The operating mints at the time in Australia were Sydney (S) and Melbourne(M). Report this Post to the Staff
moxking Rest in Peace United States 17900 Posts	Posted 01/03/2016 09:24 am I looked at the Penn offering too, and for those $200-$300 world coins the 9 different that they offer are very reasonably priced. Keep in mind that they probably will not be uncirculated and may have abrasions on bag marks. Most of what you are paying is for the gold, so the coin itself may not be super duper as far as grade. But having a neat old gold coin in your had for that price range is certainly fun. The Numismatist had an article on this subject in the last issue that you might want to read. Report this Post to the Staff
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