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Reputation Activity
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BobnotTed got a reaction from Bruce06 in Calculating spot price of full sovereign
If I wanted to work out the current spot price of a 20th (or 19th) century full sovereign in GBP, do I take the weight of a full sovereign in troy ounces and multiply by the Gold Price in British Pounds (currently £1318.23)? My sources for these two figures can be obtained at the links below.
0.235420 troy ounces x £1318.23 = £310.33
Is this correct?
https://goldsovereignexpert.com/info/how-much-does-a-gold-sovereign-weigh/
https://www.kitco.com/gold-price-today-uk/index.html
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BobnotTed got a reaction from AndrewSL76 in Calculating spot price of full sovereign
If I wanted to work out the current spot price of a 20th (or 19th) century full sovereign in GBP, do I take the weight of a full sovereign in troy ounces and multiply by the Gold Price in British Pounds (currently £1318.23)? My sources for these two figures can be obtained at the links below.
0.235420 troy ounces x £1318.23 = £310.33
Is this correct?
https://goldsovereignexpert.com/info/how-much-does-a-gold-sovereign-weigh/
https://www.kitco.com/gold-price-today-uk/index.html
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BobnotTed reacted to Foster88 in Calculating spot price of full sovereign
There's also the 'compare' feature on here which will show you the spot price for many popular coins.
I see that you're a silver premium member so you should be able to see this.
Alternatively your calculation is correct. 👍🏻
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BobnotTed reacted to TringSilver in Calculating spot price of full sovereign
Yes or easier is that some dealers show the intrinsic value on the listings. Chards for example, so I do that more often than not. Or just keep abreast of the spot 1gm price and do the fag packet maths
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BobnotTed reacted to BackyardBullion in Calculating spot price of full sovereign
Yes, this is correct 🙂
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BobnotTed reacted to 27carrots in Places to sell George V sovs
I'd only change the price in hours if spot changed drastically.
Different people have different schedules and it takes time for everyone to spot your wares.
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BobnotTed reacted to sixgun in Places to sell George V sovs
i think i pay mine on a bank card.
You don't have to be a premium member to sell on the forum. The main benefit in my opinion is you can see my Covid-19 thread and incidentally see all the for sale items as soon as they are posted.
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BobnotTed reacted to Hunter87 in Places to sell George V sovs
If you are able to sell on eBay with the £1 selling fee offer activated then that might be a good option for you to maximise your profit.
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BobnotTed reacted to Richym99 in Places to sell George V sovs
A lot better than some I have seen in the buy and sell section
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BobnotTed reacted to LawrenceChard in Places to sell George V sovs
Sell on here without doubt.
For a small quantity, possibly. For a larger quantity, probably not.
Go to a dealer, you are unlikely to be offered more than a couple of percent below spot. Unlikely more than £300.
Sure, if you go to a local coin shop, a jeweller, or a pawnbroker, that's possibly optimistic.
Go to a good bullion dealer, and you should be able to sell any quantity and at a much better price. @ChardsCoinandBullionDealer, we would be delighted to take 1,000 off your hands at spot, subject only to them being genuine, and of acceptable bullion grade or better. They don't even need to be George V.
Prices here https://www.chards.co.uk/gold-price/live-gold-price as I speak, with spot £1,346.70; intrinsic sovereign = £317.01 each, immediate payment by bank transfer, possibly cash!
£317 is a lot higher than £300! 🙂
Put it on ebay and to get £330, you will have to sell for about £380 to cover the fees of about 15% final sale.
Sounds about right.
Alternatively, put it in an auction with 10% sellers fees and cross your fingers, while waiting several weeks.
... and who is going to bid 10% over spot for them?
I suppose I should disclose an interest!
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BobnotTed reacted to Richym99 in Places to sell George V sovs
Definitely could do with better images. The better the image, the more info you give buyers as to it's condition. With those, you can barely tell the year.
A camera that will take macro images helps.
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BobnotTed reacted to Smiler999 in Places to sell George V sovs
Yes, do all that sort of business by private message and not publicly
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BobnotTed reacted to pricha in Places to sell George V sovs
Hatton Garden Metals are offering £307 a sovereign
better to sell on the forum
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BobnotTed reacted to Richym99 in Places to sell George V sovs
Sell on here without doubt.
If you ask a fair price, you will get exactly what you ask. I sold a 1912M today for £335 inc Spec Del.
Go to a dealer, you are unlikely to be offered more than a couple of percent below spot. Unlikely more than £300.
Put it on ebay and to get £330, you will have to sell for about £380 to cover the fees of about 15% final sale.
Alternatively, put it in an auction with 10% sellers fees and cross your fingers, while waiting several weeks.
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BobnotTed reacted to Spark268 in Places to sell George V sovs
I do not know of any dealers who would offer more than £300, even though they would go though the effort of itemising specific sovereigns at higher prices.
you could get a price close to that on the forum.
eBay can be good for specific items, but it comes with attendant risks.
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BobnotTed reacted to Richym99 in Places to sell George V sovs
Talking to the owner of Bullionforless in Cardiff the other day, he revealed that he sells unspecified (ie lucky dip) sovs for about £345, but buys at 4% below spot. I suspect most will be similar.
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BobnotTed reacted to Foster88 in Postal method for sending sovs within the UK?
If you pay online through RM website it gives the option wether to display your address on the label.
You still have to enter your address so RM know who’s sent it should they have to return it to you but the receiver won’t see your address if you select not to display it.
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BobnotTed reacted to Richym99 in Postal method for sending sovs within the UK?
This thread has some relevence
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BobnotTed got a reaction from SilverJacks in Postal method for sending sovs within the UK?
But say someone purchased a Vic sov 20 years ago, and then sells it someone now, presumably RM would pay out on the recent paid price rather than what was paid 20 years ago if it was lost in post?
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BobnotTed reacted to SilverJacks in Postal method for sending sovs within the UK?
Coins of the Realm
If you provide proof of purchase, that's what they pay out... Otherwise, you could argue your case as to what its worth but say you're flipping a modern coin, would be hard to argue anything other than RRP
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BobnotTed reacted to Fadeingstar in Postal method for sending sovs within the UK?
Special Delivery as it will be insured