| Author |
 Replies: 8 / Views: 3,341 |
|
|
New Member
United States
13 Posts |
I am new to this whole coin thing - trying to help my mother value and sell coins that belonged to her parents. After researching online I have identified one of the coins to be a gold 1887 Victoria Full Sovereign. Would appreciate any help on valuing it and also on where it would be best to try to sell. My mother had some people over to her house from a local gold store and thankfully I stepped in and realized quickly they were not giving her a good offer - she mostly has junk silver which I have had more luck valuing.
Thank you!
|
|
|
|
Pillar of the Community
Australia
2180 Posts |
|
|
Rest in Peace
United States
9104 Posts |
Which doesn't affect the value of an 1887.
An 1887 contains roughly .23 oz of gold, and unless it's a rare date, is worth that times the current gold price.
|
|
Pillar of the Community
Australia
2830 Posts |
there are, in fact, about a dozen varieties of 1887 sovs -
two obverses;
two reverses;
and three mint-marks.
just about every permutation exists, and some are quite rare, and command a significant premium accordingly.
You'll have to put up pics, or have someone knowledgeable examine the coin, to see precisely which variety it is.
then you'll have to decide which grade you think it is - if it is near-uncirculated, you'll get a premium.
I would not rush to the conclusion that this is "bullion value only" - it might fetch then times that.
|
|
New Member
 United States
13 Posts |
Wow - thanks so much for all of the good info. I will see if I can get good pictures of it. My mom wants to take it to a coin dealer tomorrow - when I spoke with him over the phone he didn't say anything about there being more than one type so maybe he doesn't know. I will research further.
|
|
New Member
United States
13 Posts |
While waiting for pictures - I was able to finally see the mint mark of M - which is Melbourne and it is the 1887 M Victoria Jubilee Head St George Reverse Gold Sovereign. Does that help? I found a site in Austraila selling it for $1150 AUD but that one is uncirculated and I don't think mine is - although it is in pretty good condition.
|
|
Valued Member
United States
83 Posts |
I'd be careful selling to coin dealers. I've found that they don't pay even melt for common or even uncommon gold coins unless they are specifically interested in the item. They are, however, a great place to bargain hunt. I think you'll realize more money selling to collectors. Lots of great information here: http://www.goldsovereigns.co.uk/Edited by kensho52
02/11/2012 08:49 am
|
|
Pillar of the Community
Australia
2180 Posts |
Quote:
While waiting for pictures - I was able to finally see the mint mark of M - which is Melbourne and it is the 1887 M Victoria Jubilee Head St George Reverse Gold Sovereign. Does that help? I found a site in Austraila selling it for $1150 AUD but that one is uncirculated and I don't think mine is - although it is in pretty good condition. That sounds right. I have a book that says there are a few varieties of the 1887M St George/Jubilee Head, but it's getting pretty technical and they all seem common enough. |
|
Pillar of the Community
United States
1757 Posts |
Depends on how much gold you have and other high end pieces. If you have a scanner send to Stacks/Bowers in NYC. Reason I say Stacks/Bowers is that a group of high end raw coins (not slabbed) they can either group lot them or sell them individually. You can mention my name and your circumstances. Talk to John Pack or a guy name Vicken Yegparian. You will have to wait 6-9 months for your check. Go to an auction - not to dealers. If you have to sell real quick then you take the BIG HIT. Post on E-Bay if this is the only coin worth into three/four figures.
John Lorenzo
United States
Edited by colonialjohn
02/16/2012 3:45 pm
|
| |
Replies: 8 / Views: 3,341 |
|
Posted 02/10/2012 4:45 pm
