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 Replies: 9 / Views: 1,853 |
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Pillar of the Community
Canada
6768 Posts |
Hi All,
Usually post into Canadian NCLT section, sometimes here.
And now need some help, kind of advice or clarification, and since didn't find related thread, starting new.
I want to present a gift for my son, as some coin with his Birth Year, which is 2007. Initially, as an option, I look for the Canada NCLT 2007 coins, and suddenly remembered about Gold Sovereign coin - the coin with extremely appealing design...
But I never dealt with gold, yes, except Bank of Canada Hoard 1912-1914 gold $5 coins.
So, the Sovereign....I think about 2007 Proof edition.
What are they - purely bullion coins, or numismatic? Is it worth to get 2007 as I planned, or some old (key date?) coin will be much more valuable? Is it good idea at all to keep Gold Sovereign for the child?
I will appreciate your clarifications.
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Moderator
 Australia
16829 Posts |
The proof version of the 2007 coin (mintage 12,500) is intended for collectors and catalogues at $100-$150 above bullion value. The uncirculated version (mintage 75,000) is traded pretty much as any other bullion coin of similar size, with a slight premium over bullion value.
British-minted sovereigns tend to all be worth about the same, whatever the date (with a couple of notable exceptions like, say, 1879) since very few people can afford to collect the entire sovereign series by date. Colonial-minted sovereigns tend to have a slightly higher premium. Indian mint and Canadian mint sovereigns are the scarcest colonial issues and have the highest premiums on average.
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
1502 Posts |
Indian mint sovereigns were only produced one year right? 1918?
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Pillar of the Community
Canada
2805 Posts |
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Bedrock of the Community
Australia
21788 Posts |
The new 'I' mint mark sovereigns are obviously intended for the growing Indian domestic gold market. The Royal Mint has just seen a commercial opportunity. |
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Pillar of the Community
 Canada
6768 Posts |
Thank you all for clarification.
Appreciate it!
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Pillar of the Community
United Kingdom
548 Posts |
You picked a nice coin for your son. I've been collecting sovereigns since 2011 and the Pistrucci design is definitely my favourite of all the coins in my collection.
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Pillar of the Community
Canada
6768 Posts |
Quote:
You picked a nice coin for your son. I've been collecting sovereigns since 2011 and the Pistrucci design is definitely my favourite of all the coins in my collection. Thank you, Demarco BishoppIt not for my budget to collect the Sovereigns, but I did not find some silver coin from this year, that completely answered my taste and requirements (thought about one Canadian and 2007 Proof Britannia)... And he has many years to grow to get it and appreciate :) |
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New Member
Greece
40 Posts |
Dear silveroid!It is very nice to give to your son a gold sovereign of hiw birthday date!!I hope that when he is grow up can buy thousands!  |
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Pillar of the Community
Canada
6768 Posts |
Thanks, milou, for the good words!
Telling the truth, the gold coins are out of my range to collect them, but if to give (and keep) , so it should be something long term lasting.
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Replies: 9 / Views: 1,853 |
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Posted 10/02/2013 10:47 pm
