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The Royal Mint are reporting that they have brokered a sale of the highest record price for a British coin, a rare 1937 Edward VIII Sovereign. That's £125,313 per gram of gold + change! from my calculation, not bad appreciation for a £1 coin! Or is it! perhaps you've got an even more valuable British coin tucked away in your collection? Which gold coin would you prefer to own, given a £1 Million budget? or $1,300,000
View Advert 1875 Young Head Victoria gold sovereign 1875 Young Head Victoria gold sovereign s Sydney Mint Fine lustre good grade coin - Young Head Sovereigns are becoming increasingly scarce in this grade. Full Sovereign 7.98g £339 Delivery at cost / SD insured UK: £8 Sale strictly to verified known customers and members only. Please Get in touch @SilverHubs if you are looking to buy or sell investment gold coins. ------- SilverHubs Silver members - SELL YOUR OWN GOLD COINS - 0% SALE FEES SilverHubs members are often also gold collectors and tend to split investments between gold & silver Quality gold bullion coins from official world Mints are always in high demand, including all gold Sovereigns. SILVER members set their own sale buy/sell prices in the classifieds and sale hubs Advertiser SilverHubs Date 01/10/2020 Price 339.00 GBP Category Sovereign gold coins
Time Left: 19 days and 8 hours
1875 Young Head Victoria gold sovereign s Sydney Mint Fine lustre good grade coin - Young Head Sovereigns are becoming increasingly scarce in this grade. Full Sovereign 7.98g £335 Delivery at cost / SD insured UK: £8 Sale strictly to verified known customers and members only. Please Get in touch @SilverHubs if you are looking to buy or sell investment gold coins. ------- SilverHubs Silver members - SELL YOUR OWN GOLD COINS - 0% SALE FEES SilverHubs members are often also gold collectors and tend to split investments between gold & silver Quality gold bullion coins from official world Mints are always in high demand, including all gold Sovereigns. SILVER members set their own sale buy/sell prices in the classifieds and sale hubs
- FOR SALE
GB's iconic piece of gold monetary history V the new lure for 999 gold bullion coins Whilst I'm not necessarily your typical gold bug, as admin of a SilverHub! like most precious metals investors I've still tried to include an appropriate balance of gold at any given time. General consensus is usually 5-10% weighting in gold, although at times of financial uncertainty there's plenty of advocates for more like 10-20%. Anyway, back to the point! > Sovereign V Britannia Gold Sovereign pros Internationally recognised and respected, probably the most iconic gold bullion coin still in monetary use. Highly collected by numismatics worldwide Scarcity, it's said that about 1% of the UK minted gold Sovereigns still exist in GB, the rest having been smelted or shipped away long ago - much of which are now smelted into the US's gold reserves at Fort Knox. Usually a reasonably low premium to spot gold, dealers often mark them up 5-6% for standard coins. Rarer versions, years, low mintage coins attract high premiums - whilst generally retaining that premium with numismatics. Small portable coin, still useful for trade and barter, being 0.2354 of an ounce gold. i.e. multiple the current spot price gold X 0.2354 = bullion / melt / trade value of a standard weight full Sovereign. at todays respectable £1105 / ounce gold spot, that equates to £260.11 being a baseline valuation of an average Sovereign. Most dealers will pay around 99-100% spot, i.e £257.51 - £260.11 as a trade buy. They'd then look to sell at around spot plus 6% being: £275.72 Indeed at time of writing a new 2019 gold Sovereign is retailing at £279-£280 inc delivery. For older more collectable coins I would estimate an average additional premium to be £15-£20 upwards, i.e. average grade Victoria Veil, Jubilee or Young Heads circa £295-£310.00 Having said that, nice graded, lustre, or scarcer mintage Jubilee Heads & Young Heads will readily fetch £350-£500 where numismatic value resides. Personal preference is for the older Young Heads Victoria, both St George Dragon & Shied backs. Gold Sovereign Cons Hard to find as many cons - being such an iconic coin! If any, it might become less desirable with a younger audience / collector? Gold Britannia Pros It's newer 999 purity gold, more popular in eastern markets, Asia etc, as well as now the norm for bullion coinage silver and gold, hence it's set to be the benchmark for holding and valuing physical gold bullion in legal tender coinage form. It's current, has variety of modern sizes and assigned legal tender values, making it CGT free, (as is the Sovereign at £1 legal tender) Good market liquidity, i.e. always demand, plenty of buyers/sellers and good availability of coinage. Gold Britannia Cons In current modern form it's really just a form of holding bullion and has little numismatic appeal. Although some of the older pre-999 versions are much scarcer and do hold decent premiums, like the 2001, 2003, 2005, 2007 - which are all especially nice designs and in relatedly scarcer supply. (that aspect's a Pro!!) * Let's here your views? What's your experience and opinion? * Where in the World are you? and how's the gold coin market there? * Looking forward to seeing your gold coins for sale here on the Hubs classifieds as well * SilverGold members can post buy/sell/wanted adverts free in the classifieds + sell your gold coins for 0% sellers fees.