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 Replies: 9 / Views: 3,620 |
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New Member
United States
10 Posts |
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.
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Pillar of the Community
Canada
5255 Posts |
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.
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Bedrock of the Community
United Kingdom
18017 Posts |
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. |
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New Member
 United States
10 Posts |
Awesome. This is great info. Thank you.
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Bedrock of the Community
Australia
21788 Posts |
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.
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New Member
United States
10 Posts |
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.
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Pillar of the Community
Lebanon
506 Posts |
can you send dates with pics so we can help us better
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New Member
United States
10 Posts |
Edited by purple88
02/27/2020 8:02 pm
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Pillar of the Community
Lebanon
506 Posts |
Edited by chronos
02/29/2020 04:07 am
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Pillar of the Community
United States
581 Posts |
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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Replies: 9 / Views: 3,620 |
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Posted 02/25/2020 06:09 am
