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 Replies: 12 / Views: 1,064 |
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Pillar of the Community
Italy
1130 Posts |
Hello everyone,
I have an opportunity to sell some distressed Elizabeth sovereigns at X % profit although below melt; additionally I have a chance to buy an AU common date/mint Edward vii full sovereign and George v half sovereign.
Would the approximate €60-70 premium for the change in gold melt value make sense? The additional premium still puts the sale in the black.
Short question, is the upside of common date antique sovereigns worth the cost vs distressed bullion?
Best,
R. Edited by Roma2021
12/09/2024 12:11 pm
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Bedrock of the Community
 United States
24875 Posts |
Dump the ugly ones, Roma.
Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
 Italy
1130 Posts |
The only issue is a fair amount of black deposit in Edward's ear... Hard to see in this photo... Acetone?   |
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Bedrock of the Community
United States
24875 Posts |
It won't hurt to try acetone, Roma. Or distilled water.
Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
Italy
1130 Posts |
I've seen a lot of Edward sovereigns but never one with black deposits in the ear. Is there a good chance it's unremovable? I've removed a lot of stuff with acetone...
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Pillar of the Community
United Kingdom
945 Posts |
I would say it is definitely removable. Gold being almost entirely inert, it cannot be corrosion, so it is just a case of finding out what the black stuff is. Acetone will remove most organic material. If not, then it may be something harder - pitch? heavy duty wax? A little heat - maybe boiling water and a gentle prod with a cocktail stick might clear it. As long as you don't use anything harder than gold (eg steel), you cannot really do damage.
Having said all that, if the many small marks are actually there on the coin, I can't see it going much over the gold value in the UK.
Edited by PaddyB
12/09/2024 2:15 pm
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Bedrock of the Community
United States
94367 Posts |
Unfortunately, you won't know until you have it in hand to try!
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Pillar of the Community
Italy
1130 Posts |
The altnerative is a circulated 1926 P $10 gold indian . . .
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Pillar of the Community
Italy
1130 Posts |
@Paddy - that's about what they go for here... Is the upside of a 1906 Edward vii better than a distressed 1958 Elizabeth or is it 2+2 vs 3+1?
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Pillar of the Community
United Kingdom
945 Posts |
I would say all much of a muchness. Gold value only for all of those in my mind.
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Bedrock of the Community
United States
94367 Posts |
Confess to not really understanding the appeal of this sort of thing.  |
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Pillar of the Community
Portugal
655 Posts |
All you mentioned, Elizabeth, Edward VII, George V, are bullion. Edward VII in mint condition may be a little scarcer. But that 1906 you show has visible wear on it.
The exchange will not be good.
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Pillar of the Community
Italy
1130 Posts |
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Replies: 12 / Views: 1,064 |
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Posted 12/09/2024 1:08 pm
