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1880 English Gold Sovereign Help

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 Posted 10/07/2019  9:49 pm Show Profile   Bookmark this topic Add Dreamn to your friends list Get a Link to this Message
Hi there, not sure if I'm posting this in the correct place but I've recently discovered this coin and I'd like to know the value/history of it. It is a 1880 English gold sovereign coin in a solid gold setting. It is also upside down when flipped over (the sides don't match)
Here are some pictures of the coin.
Edited by Dreamn
10/07/2019 9:55 pm
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 Posted 10/08/2019  04:32 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
to CCF. The mods will move your post to the appropriate section.
( I'm no pro, it's just my humble opinion )
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 Posted 10/08/2019  11:21 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
to the Community!

Your post was moved to the appropriate forum for the proper attention.
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 Posted 10/08/2019  1:18 pm  Show Profile   Check PaddyB's eBay Listings Bookmark this reply Add PaddyB to your friends list Get a Link to this Reply

1880 Gold Sovereign with George and Dragon reverse. Coin alignment (ie obverse and reverse in opposit directions) is correct for this period. I can't see if there is a letter in the ground above the date - could be M for Melbourne, S for Sydney or blank for London - but makes no real difference to the value.
Price would depend on how much damage the mount has done - starting at bullion, which today is about 290 or $354. More if the condition is really good when broken out.
The value of the mount is separate and depends on the carat of the gold. I can't read the hallmarks, but they are usually 9 carat (marked .375) and value then depends on the weight of the mount.
All these are "full retail value". Most gold dealers, whether jewellers or numismatists, will need to offer you less to leave a margin for profit, but if you know the full market value you know where to start negotiating from!
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 Posted 10/08/2019  1:48 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Paddy -Great information, thanks.

Dreamn -

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 Posted 10/08/2019  8:58 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
At this time period, the mintmark for St George sovereigns was on the obverse, underneath the portrait. In this case, it is an "M" for Melbourne. Mintmarks were not moved to the ground-line until the Jubilee portrait was introduced in 1887, which didn't have any space underneath it for a mintmark. Sovereigns flipped form "coin alignment" to "medal alignment" at the same time (1887), so your item being coin-aligned ("upside down when flipped over") is normal.

Though 1880-M sovereigns are usually worth considerably more than bullion value, it's been my experience that mounting of this style uses "gold solder" to hold the coin in place, which does damage the coin, so unfortunately it probably won't be worth much above bullion (scrap) value, to a coin collector. So I think it would be better if kept intact, as a piece of jewellery.
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