Hello, I have a collection of 45 British gold sovereigns, all in mint condition, date from 1900 to 1909 and are of the King Edward Vii series. I'm interested in selling them and evaluations I received range from $98 to $145 / coin. Could anyone please advise on a relaiable source for such evaluations? Many thanks, TA
tamila, According to this site,these were minted from 1902-1910 so check and make sure what the dates are. This website might help you,they sell the complete run for $445-485 depending on condition.If yours are truly in mint (uncirculated) condition,they could be worth more. http://www.goldsovereigns.co.uk/forsaletypecollectionkings.html Experts chime in please.
Howdy Tamila - Welcome to the Forum !! The value of any coin largely depends on the condition of the coin - its grade. Therefore in order to arrive at a reasonably accurate value for the group of coins you have each one would have to be graded by someone who knows how. But the value range you have been given already of $98 - $145 is about right in general terms. For if the coins are circulated their minimum value is that of the gold content - about 1/5 oz. If uncirculated value will vary with the grade as it moves higher, but $145 is about the top for all but the highest grades. Please note that these are retail values. However, if your goal is to be able to sell these coins then the amount you will likely be offered by any reputable dealer will be about $80 - $90 each. This would be quite normal and is considered to be the going rate at the present time.
OK unless your coins are the 1902 proof coin, these items are generally considered to be `bullion' (ie worth their actual weight in gold) and as such their `condition / grade' doesn't really figure much as to value unless they are in pristine condition, at which point they are worth a bit more as a collectors item. Now, their actual gold weight (0.2354 oz) falls just a tad short of 1/4 oz of pure gold. So it doesn't take much to figure out their bullion value. For example todays gold price (courtesy of xe.com) is $553.75. That makes 0.2354oz of gold worth exactly $130.35. These coins usually change hands at bullion + 5% or there abouts, so a figure of $140 is to me is nearer to the bottom line rather than the top end for current market conditions. Gold prices are very much on the rise at the moment with many people predicting it could soon reach the $600 mark (and then go even higher!). It depends how keen you are to sell, and like any market, prices can go down as well as up. Indeed, they can also plummet, so it is up to you to assess the validity of any advice that is given, but I think you would be most unwise to sell for less than $140 at this point in time. Ian
A bullion dealer wouldn't give you $140, and you probably would have a hard time getting that (at least for most of them) from places like ebay (retail). Condition (as was mentioned) sets the exact price, but I'd put the range more in the $115-$135 range. What looks "mint" to some people doesn't to others once they put them under the magnifying glass. If you're willing to scan all of the coins in hi-res, and sell them one-by one, then you could get more for them. If you want to unload them as a lot, you'll get less, but it will be a lot less work.
Well, to put thoughts into perspective with `actual' I just had a quick look at final prices achieved for Eddie VII sovereigns on ebay today. Guess what....... item number 8374507747 finished today at £79. That's $140 at current exchange rates. item number 8372934543 finished today at £82.17. That's $145 at todays exchange rates. The first is a VF coin...in other words `bullion'. It appears to have sold for a bit above bullion. :whistle: I rest my case and re-iterate that (IMHO) anyone selling gold sovereigns for less than $140 at this point in time is doing themselves no favours. The price direction is UP. Of course, YMMV. Ian
You're right Ian, I screwed up on the weight - forgot they were almost 1/4 oz not 1/5 oz. But I must comment, there are several ads in Coin World where they are selling the coins for $130 each. There are several other dealers on the net offering to sell some dates/mint for as little as $110. About the best offer to buy circulated examples that I can find is for $126. There are others for less. So you can find a wide variance even when buying/selling bullion. You just have to shop around.
I had a look on ebay realized before I posted. Most were in the $133 range (some higher, some lower) and guess what... Someone tried to sell 9 for $142 each (1902-1910), no takers. 8371452072 = $133.81 8371729334 = $128.50 8370230786 = $132.50 8369306040 = $131.86 "...you would be most unwise to sell for less than $140 at this point in time." Like I said, if you want to scan each coin and list them one by one, you'll get that, but otherwise, show me the 45 coin auction with realized prices of $140+ each and I'll give it to you. There ain't gonna be one. "That makes 0.2354oz of gold worth exactly $130.35." And that's what I'd shoot for, unless you go to a bullion dealer who will give you less, or a coin dealer who will give you even less than that. You'll get more than melt, but no point in false hope IMHO. But go ahead and list them at $6,300 (which would be exactly $140) and see what happens. If you scan each front and back and list them seperately and let them bid up (no telling where they end up), then you *may* get $140 each, but I wouldn't be suprised if you didn't.
I just looked at the first two Eddie VII that sold today. I didn't think there was any need to look any further given that it was TODAY's gold rates I was comparing them with. Today's bullion value per coin is approximately $15 per coin MORE than it was a mere three weeks ago. It doesn't look like it is stopping there either. THAT is my point. I'm not a buyer. I'm not clairvoyant. I'm not a gambler. I just see what is happening now and make comment accordingly. Gold is simply on the up. If you or anyone else wants to sell your Eddie VII sov's for less than $140, then that is really entirely up to you I personally think that doing so would be unwise at this point in time (as previously expressed). Doug mentioned seeing dealers sell them for a lot less. Maybe they operate off fixed margins and are happy just to realize their margins and see their inventory shift. I don't know the workings of the minds of wheelers and dealers. I just know that pure bullion per sov. is $130 based on TODAYS gold rate. Maybe things are different your side of the pond, but here gold sovs. and krugers tend to change hands at bullion + circa 5 - 7.5 %. Judging from the very first two (both Eddie sov's) I bothered to check out on ebay today, my estimate of $140 appears to have been fully justified.
Hi Doug, Perspective. Three weeks ago, the value of gold on the metal markets was circa $490 per ounce. That's roughly $122.50 per sov. Today the figure is roughly $130 per sov and that is after dropping down from circa $140 on Friday due to some profit taking in the market. That is the state of play with the pure metal. Today two Eddie VII sov's sold on ebay for $140 and $145. I only looked at today, and I only looked at Eddie VII's as that is what we were all supposed to be talking about. That to me is the state of play with the metal as it relates to the coin. While I can appreciate that there may very well be lots of reasons why people might want to sell them for less (achieving pre determined margins being one, being desperate for cash being another), my comment was that I think they would be unwise to sell below $140 at this point in time given the trend in the gold market. As previously expressed while values can rise, they can also fall....as well as plummet. You make your own choices based on the data laid in front of you. My understanding is that gold is on the rise and will probably challenge the $600 per ounce mark very shortly. Against that backdrop, sov's at $110 a piece?? Maybe Santa Claus is alive and kicking somewhere in the US of A...or maybe the seller is happy just to get his margins. In the UK as a collector, you can normally expect to pay bullion + 5 - 7.5% for gold coins such as sov's and krugers. Note the spread of values the original poster had already obtained (presumably from various dealers / collectors).
Just out of interest here's how the New York metals spot market ended the day 18th April 2006: Gold : 619.30 - 620.00 Silver : 13.81 - 13.86 That makes the gold value of a sovereign today circa $155 Ian
