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 Replies: 12 / Views: 1,863 |
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Valued Member
Ireland
201 Posts |
I am looking at the following item on ebay at http://www.ebay.com/itm/1887-QUEEN-...em2578f74763It's price is well out of my range but I am trying to learn about the expensive coins as well as others. I see he is stating the weight as 40.0 grams. I know an ordinary sovereign is approx 8 gms & a half sovereign approx 4 gms. But when I tried to check on the weight of a £5 sovereign I could find nothing. And also I would like to learn a bit more about them. Any info would be most helpful. Thanks. |
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Valued Member
Ireland
215 Posts |
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Pillar of the Community
Australia
2180 Posts |
I believe they should be 39.9403g.
Not sure what their story is but I think that the 1887, the 1893 and 1902 were the only ones that saw any use (and even then they were probably in bank vaults for most of their lives).
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Bedrock of the Community
Australia
21788 Posts |
The 1887 gold Five pounds (sovereigns) have been extensively forged in good gold, and these forgeries can come out at the correct weight and diameter. This coin is not a proof. The problem arises because the gold can be only slightly below 22 carat for a good profit still to be made.
These coins should weigh 39.94 grammes + remedy allowance. The weight, unfortunately, is not much of a guide as to the authenticity of the piece.
If you like these coins I suggest you should go for a FDC 1937 George V1 plain edge proof Five Pounds. 5,501 of these were struck. These are much easier for the less than expert to satisfy himself that they are genuine.
Such a coin at current gold bullion values, carrying a premium of 750 Pounds in perfect FDC condition, would have a total value of 1,950 to 2,000 GB Pounds.
In fact, gold coins of George V1 intrigue me, because the World economies were off the gold standard after 1933, and very few gold coins were made anywhere in the World, until the large scale growth of the collector gold coin market, starting in the 1980's.
The 1937 gold coins of George V1 are about the only NCLT coins that interest me.
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Pillar of the Community
Canada
1411 Posts |
Sel, what about Ancient Roman NCLT?
Any interest there?
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Moderator
 Australia
16859 Posts |
There's no such thing as "Ancient Roman NCLT" - there weren't enough coin collectors back then to warrant the mint making special coins just for them. There were coins that were specially made as prizes for the Games and/or as gifts for the emperor to give away, but like British "Maundy Money" of the 1700s, these gift-coins were intended to be spent by the recipients.
Back on the subject: gold coins were valued by weight. A 5 pound coin ought to weigh exactly the same as five sovereigns: 7.9881 g x 5 = 39.9405 g.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
Canada
1411 Posts |
The 10 Solidi medal comes to mind for Ancient Roman NCLT.
Ment to be kept to remember the major victory, not to be spent.
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Bedrock of the Community
Australia
21788 Posts |
Ancient Roman NCLT?  sounds interesting! The nearest you can get to that would be an ancient Roman medallion. They exist, but I have never been lucky enough to be in a position to consider buying one. The best examples would all be in museums. |
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Valued Member
 Ireland
201 Posts |
Glad I brought this one up on the forum. Nice lot of information.
Just wondering what NCLT means.
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Pillar of the Community
Canada
1411 Posts |
Non Circulating Legal Tender
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Bedrock of the Community
Australia
21788 Posts |
NCLT = Non Circulating Legal Tender.
Most modern proof gold and silver issues made for the collector market have legal tender status.
The ancient Romans never issued polished proof cameo gold and silver coins!
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Pillar of the Community
Canada
1411 Posts |
I agree. However, NCLT can be non-proof. Take the US 2012 Presidential dollars. They aren't a circulating coin (therefore NCLT), and are circulation finish. |
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Valued Member
Ireland
201 Posts |
Thanks for that.
As they say, you learn a little every day.
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Replies: 12 / Views: 1,863 |
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Posted 12/28/2012 5:23 pm
