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 Replies: 12 / Views: 2,122 |
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Pillar of the Community
New Zealand
526 Posts |
Whats the most I should be paying for this 1818 GB King George lll Sovereign in Auction? Thanks  |
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Pillar of the Community
United Kingdom
2135 Posts |
I would grade this mid-way between VG and F.
However, beware of fakes.
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Bedrock of the Community
Australia
21788 Posts |
In this condition:
Gold value +20%, plus auction fees, single written fixed price bid. I never attach myself to a coin unless I actually own it.
If that is too much for you, then don't bid.
You will have to pay a lot more for higher grades.
The color has an old gold tone about it, suggesting authenticity.
Fairly common; the second year of the Great Recoinage, and somewhat historically significant.
So long as your buying the lot exactly as described that is OK, because if you prove otherwise, you can reclaim your money.
IF, upon winning it, you should at least get it checked for weight. As already said, there are fakes about.
Edited by sel_69l
03/04/2018 12:55 am
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Pillar of the Community
United Kingdom
2135 Posts |
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Bedrock of the Community
Australia
21788 Posts |
This one should be around gold value +15%, in the condition pictured; I also agree that is over graded.
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Pillar of the Community
 New Zealand
526 Posts |
Thanks all for your thoughts and information. Greatly appreciated.
I'm sure you will be interested to know that this coin sold for...............
US$940
......a very high price - 20% over spot was my max.
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Bedrock of the Community
Australia
21788 Posts |
U.S. $500 would have been nearer the mark.
Numismatically, would have been much more interesting VF or better.
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Pillar of the Community
United Kingdom
2135 Posts |
What did the auction listing say ?
I'm wondering what it was graded.
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Pillar of the Community
New Zealand
526 Posts |
Wording was........
British 1818 sovereign coin. Solid 22ct gold and weighs approximately 7.8 grams. It is a scarce date and has a catalogue value of 700 British pounds in fine condition, 1400 pounds in very fine.
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Pillar of the Community
United Kingdom
856 Posts |
Are we talking about an auction (through an auction house) or ebay? Different things. $940 on ebay wouldn't surprise me at all. You'd imagine that someone spending a decent amount of money would do their research, but quite often it's apparent they don't. Prices go from sublime to ridiculous and there's often no guess which until the sale ends... |
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Pillar of the Community
New Zealand
526 Posts |
Hello Tom
The coin was listed on a local NZ on-line auction site.
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Bedrock of the Community
Australia
21788 Posts |
This coin certainly grades below Fine.
You can't blame the auctioneer for reporting the truth to his advantage, but the the grading and values alluded to doesn't apply to this coin.
An intending bidder must always assess any lot he is considering to bid on, to his own advantage. Always buyer beware.
Auctioneers clearly prescribe their liabilities, as part of the contract. That is normal.
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Pillar of the Community
 Canada
665 Posts |
@Bas_S_Warwick
Good for you holding to your limit. I see too many bidders at auctions who get carried away with auction fever. I participate and bid in a number of online auctions and am always surprised when Canadian Gold Maple Leaf coins go for more than bullion. Don't get me wrong, I like the Canadian 1 oz maple... it is a great method of collecting investment grade gold but there is nothing really special about the bullion strikes. Currently you can purchase a Gold Maple for around $1,350 US at any number of local or online bullion dealers. When I see these coins go for $1,300 - $1,500 + a buyers premium of 18% I can only shake my head. Either Auction Fever or something is going on that I just don't understand.
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Replies: 12 / Views: 2,122 |
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Posted 03/03/2018 9:18 pm
