sovereignsteve

1 hour ago, Organics said:

@Spyder @sovereignsteve went to see my coin dealer this morning and he sold the set. He didn’t tell me to who but he did say another dealer who paid €9000.00 for them. Seems high to me but who knows. Maybe he’s already got someone for them. Condition issues aside, it was nice having them. Even if it was for 24 hours 🤷‍♂️ @refero you’ll be like “phew that was a close one” lol 😂 

I don't think that was a close one at all. €5k would a decent buy. I'm working on the saaumption that the photos made them look worse than the ywere, which is common with proof coins.

Dealers know their customers and they will have been working on the "other fool" tactic🤔

This thread is specifically about the RM's pricing of historical coins and yes, I've never ever seen a single offering that hasn't been grossly over priced.

Their "special" sets especially, frequently come on to the market and, looking at the auction hammer prices, you know the original buyer or their estate has made a massive loss. The only thing you can say in their defense is the buyers are getting a guarantee of authenticity. Well, one would hope so, but I wouldn't be surprised......😎
This, coupled with the name is the reason these guilible people are buying. It's like anything in the collectable arena, knowledge is king and Caveat Emptor.

Any on the bay yet?

some celebration!

1 minute ago, Paul said:

Ah well no great loss at least I'm not £5.5k poorer today 

you finally given up on thes series?

in but didn't fancy it

43 minutes ago, Organics said:

Thank you for your response 🙏. I’ve taken all comments on board and they’re going back tomorrow. 

Do you know his bottom price? I'd buy them at the right price.

It is a poor (? ruined) set.

All the coins are substandard and wouldn't grade well. There seems to be evidence of a filed rim probably a result of a chemical test. This coin would be knocked back as a "details" on grading.

Value is uncertain, I haven't seen anything like this set for sale/auction etc so nothing to go on.

Negotiate hard and see what you can get it for and then think whether it sits comfortably with you to keep in your collection. Buying to sell would be a risk.

I thought you must have meant Jubilees. Old head is usually used for the veiled or Widow head☺️

Old head shields?

On 11/02/2024 at 10:03, Organics said:

I have been been buying and selling on ebay since 1999. The days where I used to put $50 in an envelope to a complete stranger in the USA, and pray that my record arrives 🤪.

I can't quite match you but I've been buying and selling on Ebay since late 2001 and recognise what you say. My memories are of waiting for cheques to clear before sending the goods and each transaction seemed to take forever.

I can only remember being scammed once in the early days by someone taking my money and not sending the goods. I think it was a CD drive from Newcastle, I can't remember if Ebay was any use. The main weapon in those days was the feedback system which actually did as it was intended; all scammy buyers and sellers were soon exposed so if you only dealt with those with good feedback you were generally OK.

From my own experience, the main weapon to avoid scammers when selling is to have an impeccable selling feedback and to make sure customer service comes first. Keep the customers happy and they will keep returning. I find a major proportion of my sales these days are from returning buyers.

Always send by tracked and insured post and video all packing even for small value items eg 1 oz silver coins. - and tell prospective customers you will do this!

Overseas shipping can be a nightmare either the Ebay GSP is far too expensive or other shipping options are unreliable. Insurance either via the carrier or Secursus is essential. I find the US a major headache as their tracking seems to be unreliable; I had a Coronation 1/4 oz proof gold coin go missing over there last year, good job it was sent via the GSP.

My only real problems have come with buying gold on Ebay not selling. But here again, always video the opening of any valuable parcel and Ebay tend to be good with these issues. i have always received a refund no issues, I suspect if you have a good selling record it helps with any purchasing problems.

Wish i could get a couple of sets for that price☺️

The legend lettering jumped out at me as being "wrong" and the field looks grainy. Has been polished though and the usual riders of photos can be deceptive.

That rim is definitely strange though and perhaps the S for Sydney looks a bit large.

29 minutes ago, dicker said:

Hi - Are you 100% convinced that it is genuine?

Like the 1887 £5 there are lots of counterfeit 1893 as well

Looks like a proof in that light

A good few years ago there were loads of these sovs sold as Duoro salvage. Many had provenance back to the Spink and sons auction and commanded a premium. These seem to have disappeared now as the provenance trail has been broken. I have bought a few but paid no more that a non-Duoro coin was worth.

6 hours ago, sovereignsteve said:

I don't think it's a proof but the cleaning could have changed the surface and colour. Also the photo could be doing the same.

It's certainly a very nice coin, you don't often see the currency coins in this condition. Shame about the cleaning abuse.

As a rider to my previous post, I did miss the fact this is a £5 coin so that would explain the lack of any wear.

Anyway, I believe the £5 currency issue in top condition is rarer than the matte proof and is therefore worth more.

I don't think it's a proof but the cleaning could have changed the surface and colour. Also the photo could be doing the same.

It's certainly a very nice coin, you don't often see the currency coins in this condition. Shame about the cleaning abuse.

16 minutes ago, stefffana said:

You, all the perfectionists, are pushing too hard your expectations! 

On NGC grading standards, a PF70 is judged under x 5 magnification.

In your picture I can only guess, but I think it is at last 20 times more than NGC standards.

What do you expect? To see a shiny perfect mirror surface with extra sharp lines on letters if you look closer and closer? 

Most of those scratches seen on the 2 oz coin will be visible with the naked eye

On 05/02/2024 at 12:23, Orpster said:

I have a few full sovereigns, what sort of quantity are you after and do you have a budget in mind?

me too

They had their "best value" sovs on at about 2% last week. Must have had a glut; the spot price goes up so they increase their premium to 4.5%

14 minutes ago, Shinus73 said:

It seems sensible to point out that a non slabbed Sovereign can also be fake.        but raw sovs are easier to inspect, fake slabs are a problem

One of the very definite advantages of slabbed coins (once you become experienced) is that it removes the authenticity question.       Assuming the slab is authentic

There are so many faked Sovereigns selling on eBay, which can easily fool a lot of people, that it’s graded only for me now.      but how many fake slabs are there?  the problem is they lead to complacency especially for inexperienced buyers

5 minutes ago, James32 said:

He's Carl I assume.

who? John? 😄

2 hours ago, John said:

Thanks Carl

Carl?

12 minutes ago, Orpster said:

Thought I would try that, did a few different coins, lightest and heaviest below.  The majority were 47.3g to 48.2g

I suppose anything outside this range would mean alarm bells - at least in modern slabs I don't have anything in an older gen slab to test unfortunately

Chances are a fake gold sovereign would be >1g light? Assume would be correct diameter of course.

Would be useful to have the different generation slabs documented.

I feel a useful project coming on🙂