1932 Rare George V Wreath Crown, 2395 minted, keep or sell?

[LongJohn]

So today I was fortunate enough to buy this coin, along with another, purely based on their junk

silver value.  As it turns out the coin appears to be quite valuable selling for around £700

currently on Ebay.  I don't have any worries regarding the coin being genuine as it was purchased from 

someone in person with little knowledge of what she had, apparently they had belonged to a 

family member.  

 

As someone only really interested in stacking silver and no particular interest in

coin collecting I am undecided as to whether to sell the coin and  reinvest in some more Maples,

considering the current low Ag value, or keep it for myself to sell in the future?  

 

Which would be the best long term investment or is the coin worth what it will ever be worth?  

Opinions appreciated please, also are there coin collectors on this forum that could be interested

or would it be better on a coin collectors forum?

 

 

[motorbikez]

Depends if you need the money, personally I'd keep it.

[LongJohn]

Depends if you need the money, personally I'd keep it.

Not  really a case of needing the money as such, more a case of which would make the better investment over

a medium/long term.  

[Dune69]

looks a nice coin.. any thoughts about having it graded?

[BaldyBob]

Sell for the good  of the stack. Maybe as a little treat you could get something slight more exciting than a Maple........ don't go mad though

[Kman]

I guess the question is does this have the possibility to rise in numismatic value as a collectible in the coming years more so the spot price pure silver equivalent 

 

& I have no idea 

[doogs]

The wreath coin would make a better investment. If it's relatively rare just now then it will be as rare (if not more so) in the future.

Crowns are popular with collectors.

[LongJohn]

looks a nice coin.. any thoughts about having it graded?

I hadn't but I'm certainly not opposed to the idea, the detail looks great imo and i'm pretty sure it's uncirculated.  

I'm new to buying coins and am really just coming at this from a stackers point of view.  I know if it's cheap based

on silver content and that's what I base my purchases on, I just got lucky with this one and saw others for sale

priced much higher than normal.

 

Sell for the good  of the stack. Maybe as a little treat you could get something slight more exciting than a Maple........ don't go mad though

I am certainly swaying that way Bob in all honesty, a new stack of Maples and a 10oz Koala looks much more appealing

but hey, let's not count chickens. 

 

I guess the question is does this have the possibility to rise in numismatic value as a collectible in the coming years more so the spot price pure silver equivalent 

 

& I have no idea 

I really wish I knew, plenty of charts out there with historical PM prices but I wouldn't know where to start with numismatics.

It seems a bit of a minefield to me which kind of puts me off.  Buy cheap, stack high makes much more sense for me personally. 

[silversword]

If it was me, I would sell it. Numismatics is (as above) a minefield, and values wont necessarily be logical. If it goes for anywhere near £700 now then you are not far from having enough for an ounce of gold.

[Cointreau]

I say sell it and give that girl a reward.

[HelpingHands]

Which is more likely to double in value within the next ten years?

[HawkHybrid]

looks a nice coin.. any thoughts about having it graded?

 

maybe grading it would be a good idea if you plan to sell it.

 

apart from the reassurance that it is genuine should it return graded

by a professional organisation, there is the more important matter

that variances in grades effect the selling price of coins and could

make the cost of grading worthwhile for higher priced coins.

 

HH

[Shamatti]

Coin collectors are fickle. It could be worth double or it could be worth half it's current value in say 10 years time. Depends on a lot. Collectables lose value when the economy drops, as there is less disposable income around to pay for peoples expensive habits. (This is how I picked up a rare guitar worth £900 plus for just $500 a few years ago. )

 

I think Kmam hit the nail on the head.

 

In 10 years (Or whenever) will the £700 coin gain more in numismatic value, or will £700 of silver gain more?

 

I know exactly where I would put my money!!

 

Just as an aside - how well do you know the person who sold it to you? If I had purchased this for a couple of quids (Or whatever it was) and then discovered it was worth hundreds, I know what I would do......

 

About 10 years ago when a friend of mine gave me a collection of war medals dating from the Crimea, 1st and second world wars - a family group -  father and son. He wanted £50 for them - I thought that was reasonable, and it was at the time. Research showed that one of the medals was extremely rare. It was during the Boar war, I think, which mainly just involved the army. But 6 Royal Navy personnel from HMS Doris were sent ashore to support for some reason. So they were given a campaign medal for the Boar war. I think it was the Kings SA Medal. So only 6 of these were ever issued to the Royal Navy, and I had one of them! (I am going on memory here, my facts may not be perfect! lol) Suffice it to say, I went back to my friend, having sold the medal group, with a bunch of cash. £1100 to be exact. He needed it.

 

I hope if you do sell this windfall of a coin you will remember where it came from.

 

[LongJohn]

It was just someone on a local facebook group asking if anyone was interested in old coins and stamps,

I enquired about the coins and was interested in a silver 1889 Victoria crown which I bought with this coin.

It wasn't until I did some research later that I saw this seemed to be of numismatic interest. She also had a

sovereign amongst the collection which I was happy to tell her she could sell at a local jeweler for £180+.

 

I'm pretty much decided now selling would be a better way to go.  I will try and get some better pictures of the coin

tomorrow with my SLR and hopefully someone can give me some idea as to grade and I can then decide whether

it will be worth submitting it for grading or just advertise it as is, although waiting  upto the 90 days i've seen the

grading process can take will surely see the price of the silver i'd reinvest in have increased. 

[Kman]

It was just someone on a local facebook group asking if anyone was interested in old coins and stamps,

I enquired about the coins and was interested in a silver 1889 Victoria crown which I bought with this coin.

It wasn't until I did some research later that I saw this seemed to be of numismatic interest. She also had a

sovereign amongst the collection which I was happy to tell her she could sell at a local jeweler for £180+.

 

I think you were good to her with the sovereign so you deserve the crown 

[Shamatti]

I think you were good to her with the sovereign so you deserve the crown 

 

I don't think many jewellers would give you £180 for a sov - they are selling them for not much more than that atm!

[Kman]

I don't think many jewellers would give you £180 for a sov - they are selling them for not much more than that atm!

 

It was a 1864 sovereign I believe, not sure if they would pay more for an older sovereign but they should because they can sell it for more, would go for £240ish on ebay (minus fees) 

 

And anyway it's much more than the £10 he could of bought it from her for 

[LongJohn]

I don't think many jewellers would give you £180 for a sov - they are selling them for not much more than that atm!

 

It was a 1864 sovereign I believe, not sure if they would pay more for an older sovereign but they should because they can sell it for more, would go for £240ish on ebay (minus fees) 

 

My first advise to her was to hold on to it and sell it in the future, I also said she would get a higher price on Ebay as it was in such good 

condition.  I mentioned my local jeweler as they do give a fair price and I think she was swayed by the fact she could just walk into town

and have the money in hand pretty much instantly.

[LongJohn]

Just taken a couple of better shots this morning as mentioned.  I think the coin may benefit from a clean,

although I will not do this myself, but it looks to be in excellent condition to me.  I'd appreciate a more

informed opinion though please.

[Dune69]

Looks great

 

I wouldn't attempt or authorize any type of restoration unless it was someone like pcgs

Cleaning would definitely harm the value

 

just my views

[UKSILVERCOINS]

I would hold onto this one.

[LongJohn]

I would hold onto this one.

As a coin collector yourself interested in it's rarity or you see it increasing in value?

[StackemHigh]

I would keep it. Get it looked at and preserved. Low numbers and it's a good looking coin would make me keep it as i wouldn't come across another. It could of course be sold at a later date!

[LongJohn]

I would keep it. Get it looked at and preserved. Low numbers and it's a good looking coin would make me keep it as i wouldn't come across another. It could of course be sold at a later date!

I appreciate your opinion but unfortunately not the coin.     I am seeing this purely from a stackers perspective 

because I really don't have any interest in collecting coins from a numismatic side, only the precious metal one.

I have no interest in it's rarity, although I can respect it, and I certainly wouldn't regret not having kept as a coin 

collector possibly could in the future.  I have to consider it an investment to keep it compared with potential growth 

of equivalent purchased silver at current rates and the latter seems to be winning me over. 

[Danny-boy]

If you are looking at it from a stacking perspective, liquidate it and buy bullion at these low prices.