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Modern British Gold Sovereign Proof Coins - Opinions Wanted Please

 
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New Member

United States
10 Posts
 Posted 02/25/2020  06:09 am Show Profile   Bookmark this topic Add purple88 to your friends list Get a Link to this Message
I have an opportunity to purchase a few modern British Gold Sovereign PROOF coins at a pretty fair price. I really like sovereigns, mostly older ones, so I was interested in these when they came available but have zero experience with them in particular.

They include the original case and all that good stuff.

None are rare dates or anything like that.

I was wondering what the good folks on the Forum thought about them. Any info is appreciated.
Pillar of the Community
Canada
3319 Posts
 Posted 02/25/2020  07:17 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
If by fair price you mean close to the bullion value, and you like the look of them, you have little to lose. Personally I look at modern gold only as a source of bullion in a more attractive form.
Pillar of the Community
United Kingdom
6394 Posts
 Posted 02/25/2020  08:05 am  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list Get a Link to this Reply
I'd buy them if they were near the bullion price, but I've never bought one direct from The Royal Mint. Most of them can be bought cheaper on the secondary market, but those with different reverses than usual (1989, 2002 and 2005) seem to be more collectable.
New Member
United States
10 Posts
 Posted 02/25/2020  11:29 am  Show Profile   Bookmark this reply Add purple88 to your friends list Get a Link to this Reply
Awesome. This is great info. Thank you.
Bedrock of the Community
Australia
16679 Posts
 Posted 02/25/2020  5:31 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Oriole has said it exactly right.

I sold some proof gold coins back to a dealer recently, and all I could get for them was melt value.
They were originally purchased direct from the Royal Australian Mint, more than 25 years ago.

One of the reasons I sold them, is because the gold price had risen four-fold, since the time of their original purchase.

Just make sure that you are buying them at not much more than a reasonable premium (25%?) above their current melt value, which is going through a current price spike.
New Member
United States
10 Posts
 Posted 02/27/2020  1:28 pm  Show Profile   Bookmark this reply Add purple88 to your friends list Get a Link to this Reply
Thanks again. Especially for the pricing info.

I love sovs and I don't have a proof.
Price is spot plus 2%. No tax and no shipping.
I think I will pull the trigger and grab it.
Valued Member
Lebanon
158 Posts
 Posted 02/27/2020  2:51 pm  Show Profile   Bookmark this reply Add chronos to your friends list Get a Link to this Reply
can you send dates with pics so we can help us better
New Member
United States
10 Posts
 Posted 02/27/2020  8:02 pm  Show Profile   Bookmark this reply Add purple88 to your friends list Get a Link to this Reply
Yes, absolutely. I just returned home with my new coin. Pics and info below.

My apologies as I am not a particularly good photographer to say the least.

1991 Proof Gold Sovereign






Edited by purple88
02/27/2020 8:02 pm
Valued Member
Lebanon
158 Posts
 Posted 02/28/2020  1:30 pm  Show Profile   Bookmark this reply Add chronos to your friends list Get a Link to this Reply
https://www.ebay.co.uk/itm/1991-QUE...151246993462
This is a listing to the same coin as yours on ebay. The seller as I heard is a reputable dealer in the UK.
Edited by chronos
02/29/2020 04:07 am
Valued Member
United States
487 Posts
 Posted 03/01/2020  08:40 am  Show Profile   Check yellow88's eBay Listings Bookmark this reply Add yellow88 to your friends list Get a Link to this Reply
Thanks for sharing the link.

Yes, that is the same coin.

I found the following online and was curious as to the accuracy.

Third head Elizabeth Sovereigns:
Between 1983 and 1997, Sovereign coins were only issued in proof format - regardless of the size of Sovereign. Proof mintages issued by The Royal Mint for this period account for coins included in coin sets.

A more mature portrait of the Queen was chosen by The Royal Mint for the Sovereign coins, as designed by artist Raphael Maklouf.

Below are mintage numbers for Proof Gold Sovereigns-

1985 17,242
1986 17,579
1987 22,479
1988 18,862
1989 23,471*
1990 8,425
1991 7,201
1992 6,904
1993 6,090
1994 7,165
1995 9,330
1996 9,110
1997 9,177

* Proof Sovereigns issued in 1989 marked the 500th anniversary of the original English Sovereign, and depicted Queen Elizabeth II in the same portrait fashion as Elizabeth I on the obverse, with a large Tudor rose on the reverse.
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