George V Canadian minted sovereign

[Sovsaver]

Hi folks,

The initial strategy was to stack some sovereigns, aiming as close to spot as I could achieve. The funny thing is, I'm not sure I can remember what led me to this idea. Thanks to some who will remain nameless, I have decided I'd like to collect some coins based on more than just their bullion value. I have but few sovereigns now, and a solitary "collectable" one, so now's a good time to make my decisions on what strategy my collection will take. I've read forum postings and listened to what the experienced collectors have to say and it seems that buying a coin in the best condition one can afford is a good idea.

So, with that in mind I'd like to initially target as my next piece of the little collection a George V Canadian minted full sovereign. I have the 2017 M.Marsh book, with the price guide and I've looked to ebay, I can see there are many there from all corners of the globe. Some have been graded by one of the grading services and some have photos and the invitation is to make your own mind up. I think I'd be best, as a novice, to pick the former option. It seems quite easy to get hold of these in EF grade (>=AU58), with quite a lot MS62/63 etc, but I'm not sure about prices. I know it's a mute point, because something is worth what someone's willing to pay (unless they have no idea what they are buying) but would you consider the current Marsh 2017 price guide to be representative of what you think is available at EF plus for these coins? In order to keep the outlay reasonable, but achieve my goal I'm considering the 1911, 1918 or 1919 coin.

Feel free to be blunt with me, I can take it. Maybe I should be working on ability to grade a coin first and searching for coins that aren't in slabs, or maybe the way I described is a better way to go.

[Roy]

This is the one to buy. I want it myself but self discipline says no,  I have other coins to buy first.

 

[Sovsaver]

29 minutes ago, Roy said:

This is the one to buy. I want it myself but self discipline says no,  I have other coins to buy first.

 

It is the kind of thing I had in mind, oh, it is so nice.

[sovereignsteve]

59 minutes ago, Sovsaver said:

I have decided I'd like to collect some coins based on more than just their bullion value

The slippery road.............Grasshopper.

My advice would be forget paying for recognised rarer coins just yet. Spend your time learning more about your quarry, buying up coins at near bullion value and then trying to progress to picking up better or more collectable coins for the same price as your knowledge increases.

You'll appreciate your coins more if you put in some spade work rather than just throwing the requisite amount of money at them.

 

[sovereignsteve]

PS If you were considering buying the coin that Roy recommended.   Sorry @Jester

[Jester]

4 minutes ago, sovereignsteve said:

PS If you were considering buying the coin that Roy recommended.   Sorry @Jester

No need to apologize...it seems when you weigh in on my coin sales they're gobbled up shortly thereafter 

[Sovsaver]

31 minutes ago, sovereignsteve said:

The slippery road.............Grasshopper.

My advice would be forget paying for recognised rarer coins just yet. Spend your time learning more about your quarry, buying up coins at near bullion value and then trying to progress to picking up better or more collectable coins for the same price as your knowledge increases.

You'll appreciate your coins more if you put in some spade work rather than just throwing the requisite amount of money at them.

 

I'll bear that in mind, it makes sense of course. Instant gratification wasn't my primary goal, I was just trying to determine if the pamphlet that arrived with the book was accurate; I imagine I will learn that through experience based on the approach you highlighted.