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 Replies: 11 / Views: 1,616 |
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New Member
Norway
3 Posts |
Is there anyone here how knows the value of this coin? Is it a ok grade? Should I send it to be graded or is it not necessary. Thaks for all help   |
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Moderator
 United States
188429 Posts |
 to the Community! |
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Bedrock of the Community
United States
25193 Posts |
Naboeen, definitely send it to be certified. It appears to be uncirculated although roughly cleaned. It is still worth several thousand dollars. Certification will assure you that it is not one of the counterfeits known to have been produced of this issue.
Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
Canada
5240 Posts |
It looks lightly wiped (fine scratches visible). Hence I doubt that there is much to be gained from being slabbed, unless there are some doubts as to the authenticity. It looks fine from the pictures, and seems to have no visible wear. I suggest that you go to ebay to look at recent sales. |
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New Member
 Norway
3 Posts |
Hondo Boguss, thanks.
I'm 99% sure it's not a counterfeit. I bought it form a local coin dealer and it comes with certificate of authenticity form our local grader. Do you know how much the cleaning will harm the value? Can you guess what grade it could get?
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Bedrock of the Community
United States
25193 Posts |
Naboeen, the best that I can say is that is appears to be an excellent uncirculated coin. I don't think that the cleaning will greatly hurt it. Certification would make it easier to re-sell in the future.
It is a fantastic coin, and would be the centerpiece of many people's collection. Congratulations on owning such a treasure.
Inordinately fascinated by bits of metal with strange markings and figures
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New Member
Norway
3 Posts |
Thanks. It's my first numesmatic coin. I generally collect more modern coins so I'm used to coins being in perfect condition. Have no plans for selling, but I might send it for grading so I know the grade
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Pillar of the Community
Canada
5394 Posts |
Severe patchy hairlines , genuine ,
certainly NOT worth several THOUSAND DOLLARS .
Maybe bullion plus , which is approx 23-24 hundred.
Edited by Pacificoin
03/13/2023 5:45 pm
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Bedrock of the Community
Australia
21786 Posts |
"Care needs to be taken with the 1887 and 1993 five pound pieces, because of the widespread existence of forgeries, known euphemistically as 'restrikes', or as being 'wrong'. Many of these are of high quality and of correct weight, and they often mislead experienced dealers.
For the average collector or investor, the 1887 and 1993 five pound pieces are amongst the few coins where it is probably advisable to aim for a specimen in no higher than very fine condition. A genuine coin will often have an 'old ' look, frequently with numerous minor surface marks, while a forgery often has a 'clean' look and somewhat weaker strike."
(quote from
Coincraft's 1998 Catalog of English and UK Coins 1066 to Date, page 420)
In my opinion,
since it is possible to produce gold coin forgeries of correct weight with a tungsten core, I would strongly advise not to consider Five Pound coins of 1887 and 1993 dates.
If you are still keen of obtaining a Five Pound gold coin as an investment,
I would suggest a 1937 George V1 example. Relatively easy to obtain, and easier to independently confirm as genuine; only 5001 proof examples struck, all with plain edge.
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Pillar of the Community
United States
2365 Posts |
Beautiful coin but, upon a close-up inspection it appears to have been cleaned, and perhaps slightly whizzed in a circular pattern. Even with that, I agree with a bullion plus value. It's still gold and that alone lends it value. You may certainly send it forward for grade but, I would just hold off on that for a while and see what happens to the bullion market. Just my own thoughts stemming from my own collection of Sovereigns. Still a beautiful coin but, then again, it's a Sovereign!  |
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Valued Member
Canada
402 Posts |
Hi Perhaps this description from Chards (UK) 1887 British Gold £5 Jubilee Head Coin The 1887 gold five pounds was issued in proof and normal (non-proof) versions, as part of the design change to celebrate Queen Victoria's Golden Jubilee. We buy and sell 1887 proof or uncirculated gold five pound pieces at competitive prices. Specification Metal Gold Weight / Size Quintuple Gold Weight Troy Ounces 1.177 Fineness / Carat 0.917 / 22 Mintage Figure 54,000 Date 1887 Obverse Designer Joseph Edgar Boehm Reverse Designer Benedetto Pistrucci Issuing Monarch Victoria (1837-1901) Mint / Brand The Royal MintCountry United Kingdom In 1887, a gold five pound coin was issued in sufficient quantities for circulation, as well as proofs included with 11 coin sets. It is only one of three dates of gold five pound coin which was issued for general circulation, in addition to proof or pattern issues. It is very common to find a fake 1887 quintuple sovereign so be careful who you deal with and our advice would be to go with a tried and tested dealer, like us! Photographs shown may not be the actual coin and may differ in terms of grade, die numbers, design flaws and other minor details. |
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Moderator
United States
56855 Posts |
Naboeen, What grader would be best in this case? I am thinking ANACS. John1  |
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Replies: 11 / Views: 1,616 |
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Posted 03/13/2023 5:03 pm
