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Advice Needed From Gold Sovereign Collectors

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shatsi's Avatar
United States
1541 Posts
 Posted 04/29/2008  10:22 am Show Profile   Bookmark this topic Add shatsi to your friends list Get a Link to this Message Number of Subscribers
I'm looking for dealers that sell gold sovereigns. Prefer online dealers other than ebay. And what is a reasonable price? I know it fluctuates with the gold price but maybe an average?

Thank you.
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1sikevo's Avatar
United States
1130 Posts
 Posted 04/29/2008  12:03 pm  Show Profile   Bookmark this reply Add 1sikevo to your friends list Get a Link to this Reply
Even if you don't use ebay to buy and sell, you can use it as a research tool to determine avarage market value of a particular item.
Use the advanced search funtion for completed listings.
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biokemist6's Avatar
United States
12437 Posts
 Posted 04/29/2008  1:36 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
http://www.harlanjberk.com/ has a nice selection of Sovereigns from Australia, Canada, Great Britain, India, and South Africa. I can't really comment about prices since Sovereigns aren't my thing but HJB had them all in the $260-280 range.
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shatsi's Avatar
United States
1541 Posts
 Posted 04/29/2008  2:18 pm  Show Profile   Bookmark this reply Add shatsi to your friends list Get a Link to this Reply
Thanks. I looked at the coins that HJB carries. I guess British sovereigns are more expensive than Australian sovereigns. I haven't decided which way I want to go yet

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Peter THOMAS's Avatar
Australia
2830 Posts
 Posted 04/29/2008  2:47 pm  Show Profile   Bookmark this reply Add Peter THOMAS to your friends list Get a Link to this Reply
G'day,
quote: "I guess British sovereigns are more expensive than Australian sovereigns ..."
If you look closely, I think you'll find that the prices of the different mintmarks for the same year can sometimes be higher for London, other years not.
For example: 1887, there are nine different combinations of obverse, reverse, and mintmark. The M-shield is very, very expensive.
Peter
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Learjet's Avatar
Australia
655 Posts
 Posted 05/02/2008  3:49 pm  Show Profile   Bookmark this reply Add Learjet to your friends list Get a Link to this Reply
Peter is correct, depends on date. I think in general though, Australian sovs are more expensive due to lower mintage. Generally early dates had an even lower mintage and fewer survival rates.

Australian half sovs are the most scarce of all. Depends on date but many have survival numbers of just a few hundred. In high grade this makes them very rare and very expensive. Of course these are coins that are not even remotely related to bullion prices.

Decide whether you want to invest in bullion or rarity. IMO rarity will go up faster than bullion.

So if you want bullion sovs, later year London mints in full sovs are usually the way to go.

If you want rarity, Australian half sovs in high grade should do nicely. If I could only have one coin in my collection I think it would have to be this one. The thing is worth as much as my house Lol. And it's not even pretty.

http://www.jaggards.com.au/shop/vie...ategoryid=25
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shatsi's Avatar
United States
1541 Posts
 Posted 05/02/2008  4:07 pm  Show Profile   Bookmark this reply Add shatsi to your friends list Get a Link to this Reply
Thanks. I would like to start a type set. Which I can always expand if needed to. I need to do some reading before I get started so I'm looking for reference material.

For a type set, should I look into Australian or British sovereigns?
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Peter THOMAS's Avatar
Australia
2830 Posts
 Posted 05/02/2008  5:22 pm  Show Profile   Bookmark this reply Add Peter THOMAS to your friends list Get a Link to this Reply
G'day,
quote: "For a type set, should I look into Australian or British sovereigns?"
I'm going for all "types", so it seems to me that I want one from each of the eight mints that have produced sovs.
Then one from each obverse.
And one of each reverse.

Just to illustrate how challenging this might be: if you wanted every combination of obv., rev., & mintmark for 1887, that would be nine coins - for just one year.

I haven't finished this process yet - these coins are expensive - but it's very difficult to avoid "gold fever".

One key date is 1817: plenty of these around, but the price is very high for anything other than very, very circulated. Remember: these were the working coins of an Empire. My impression is that prices of early sovereigns are rising rapidly, so it may be wise to get what you can, before it gets out of reach.

Peter in Oz
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shatsi's Avatar
United States
1541 Posts
 Posted 05/02/2008  9:00 pm  Show Profile   Bookmark this reply Add shatsi to your friends list Get a Link to this Reply
Thanks Peter, you're been a great help.
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