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[sovereignsteve]

I have been puzzled recently why the 57 sovereign seems to be in such demand and regarded as some sort of rarity, and priced accordingly.

I have always found the 59 to be easily the rarest of the series with a mintage of 1 million plus, against 2 million for the 57 and probably about 8 or 9 for the 58.

The rest of the series go from 3 - 7 million.

[ArgentSmith]

2 minutes ago, sovereignsteve said:

I have been puzzled recently why the 57 sovereign seems to be in such demand and regarded as some sort of rarity, and priced accordingly.

I have always found the 59 to be easily the rarest of the series with a mintage of 1 million plus, against 2 million for the 57 and probably about 8 or 9 for the 58.

The rest of the series go from 3 - 7 million.

First Gillick Sov  

[Orpster]

5 minutes ago, ArgentSmith said:

First Gillick Sov  

Also a single year design, more ridges than the other QEII sovereigns of any date

[sovereignsteve]

3 hours ago, ArgentSmith said:

First Gillick Sov  

Yes but it's always been the first Gillick Sov and it's popularity has only been quite recent. Unless of course lots of collectors have only recently started to collect Gillicks and the 57 as the first, is the one to have?

I suspect though, it's the sheep mentality at work.😁

[Roy]

I'm surprised too, and a little bit cross!

I have many, as I'm sure Steve does too, and I would've liked to profit from this sudden interest but they're locked away 😐

[James32]

Just now, sovereignsteve said:

Yes but it's always been the first Gillick Sov and it's popularity has only been quite recent. Unless of course lots of collectors have only recently started to collect Gillicks and the 57 as the first, is the one to have?

I suspect though, it's the sheep mentality at work.😁

The queen's only died recently too. Therefore driving sentiment to the first sovereign to house her potrait. 

You may not agree with it ( I don't, and think it's a fad that was born on face book and eternal coin groups ) 

People are simple creatures, so starting with 1959 albeit the lowest mintage, would not sit right in the mind when it's the 3rd coin released. 

Then you factor in that anyone who has a 1957 ,has either paid £450-£500 for it,or seen others do..so now they have attached that premium to their own..which makes them even harder to obtain reasonably. 

It's artificial demand rather than rarity, but in the modern world, people copy people 😆 and that's as deep as it goes.

 

[Spyder]

3 minutes ago, James32 said:

The queen's only died recently too. Therefore driving sentiment to the first sovereign to house her potrait. 

You may not agree with it ( I don't, and think it's a fad that was born on face book and eternal coin groups ) 

People are simple creatures, so starting with 1959 albeit the lowest mintage, would not sit right in the mind when it's the 3rd coin released. 

Then you factor in that anyone who has a 1957 ,has either paid £450-£500 for it,or seen others do..so now they have attached that premium to their own..which makes them even harder to obtain reasonably. 

It's artificial demand rather than rarity, but in the modern world, people copy people 😆 and that's as deep as it goes.

 

I would say, it is the same with the 1989 Sovereign. Completely over price for what was never a rare coin.  Same  again with the Kew Garden 50p. 

[Orpster]

7 minutes ago, James32 said:

The queen's only died recently too. Therefore driving sentiment to the first sovereign to house her potrait. 

You may not agree with it ( I don't, and think it's a fad that was born on face book and eternal coin groups ) 

People are simple creatures, so starting with 1959 albeit the lowest mintage, would not sit right in the mind when it's the 3rd coin released. 

Then you factor in that anyone who has a 1957 ,has either paid £450-£500 for it,or seen others do..so now they have attached that premium to their own..which makes them even harder to obtain reasonably. 

It's artificial demand rather than rarity, but in the modern world, people copy people 😆 and that's as deep as it goes.

 

The 57 is a one of a kind so deserves some premium and a bigger one than the 59 for being the lowest mintage, add to the fact its the first QEII and even more so.  Though having some extra ridges is not the most interesting of one offs 🤷‍♂️
Worth maybe £10-15 more than the other Gillicks (bar the 59).  
Gillicks never used to be half as popular as they are now, but I think they will become a mainstay now.
 

[James32]

Just now, Orpster said:

The 57 is a one of a kind so deserves some premium and a bigger one than the 59 for being the lowest mintage, add to the fact its the first QEII and even more so.  Though having some extra ridges is not the most interesting of one offs 🤷‍♂️
Worth maybe £10-15 more than the other Gillicks (bar the 59).  
Gillicks never used to be half as popular as they are now, but I think they will become a mainstay now.
 

£10-£15 more is very acceptable 👌 

Reaching £500 and now settling around £450 is not imho.

[Orpster]

3 minutes ago, James32 said:

£10-£15 more is very acceptable 👌 

Reaching £500 and now settling around £450 is not imho.

I know I am disgusted with the people who cashed in, oh wait, bugger, I was one of them 🤷‍♂️
These are still around 400 at Bairds and I have a couple of spares should anyone want one they can see before they buy  and I will match any dealer price for a sight unseen coin

[ArgentSmith]

Whether right or wrong the market sets the price, imo all sovereigns carrying too much premium at the moment. Tavex price for last years pinkies currently £438 😂

Edited January 19, 2023 by ArgentSmith

[James32]

2 minutes ago, Orpster said:

I know I am disgusted with the people who cashed in, oh wait, bugger, I was one of them 🤷‍♂️
These are still around 400 at Bairds and I have a couple of spares should anyone want one they can see before they buy  and I will match any dealer price for a sight unseen coin

£395 for a perfect 1957? 😆 

[Solachesis]

1 minute ago, James32 said:

£395 for a perfect 1957? 😆 

Best I can do is £180, and I'm taking all the risk.

[Orpster]

4 minutes ago, James32 said:

£395 for a perfect 1957? 😆 

Match price not beat mate, and with Baird I am including their postage costs so should work out about £912

[sovereignsteve]

4 hours ago, Roy said:

I'm surprised too, and a little bit cross!

I have many, as I'm sure Steve does too, and I would've liked to profit from this sudden interest but they're locked away 😐

Too true but I've only recently noticed this craze and probably missed the boat. I'm not very good at selling my sovereigns though, doesn't sit well😁

[sovereignsteve]

4 hours ago, James32 said:

The queen's only died recently too. Therefore driving sentiment to the first sovereign to house her potrait. Hadn't thought of that but I suspect that was the reason for people hyping them.

You may not agree with it ( I don't, and think it's a fad that was born on face book and eternal coin groups ) Not a question of whether I agree or not, I simply don't understand it.

People are simple creatures, so starting with 1959 albeit the lowest mintage, would not sit right in the mind when it's the 3rd coin released. ?

Then you factor in that anyone who has a 1957 ,has either paid £450-£500 for it,or seen others do..so now they have attached that premium to their own..which makes them even harder to obtain reasonably. They will only have paid that money for it if they recently bought. Previously no premium attached.

It's artificial demand rather than rarity, but in the modern world, people copy people 😆 and that's as deep as it goes. Probably true but in that case it won't last as there just isn't a shortage of them. I'd better sell some quickly😉

 

 

[Happypanda88]

With all the talk about Gillicks sovereigns has got me to check my spreadsheet to see how many I have. 

According to my spreadsheet, I have seven (1958, 1964, two 1965, two 1967, 1968).

The cheapest one cost £194 (purchased in Jan 2016) and the dearest £343 (Oct 2020). (I record all my purchases including postage).

I wasn't really into sovereigns until I joined TSF. Most of my sovereigns were lucky dips from dealers.

Back in 2016, I simply bought them because I wanted to round up the invoice to the nearest thousand. (sounds snobbish I know but don't mention it !) 😎 

If there's a hype on the Gillicks, then it would only be temporary. This is because they are not anymore special than other mass produced sovereigns. So cash in while you can !  😉

 

[Spyder]

The first three Elizabeth II heads are always the best looking as everyone looks their best as adults, when they are in their 20's and 30's. You look at some those guinea coins or even pre Victoria and they would have been better to have had a double sided shield. Stamps still have the best ever looking QEII 

A base has been set and anyone who payed £400+ will not sell for less now. 

Edited January 20, 2023 by Spyder

[JamesH]

Unfazed either way. If I can answer yes to the following 3 questions then I’m all good, regardless of which coin at which price:-

Can I afford my purchase today?

Do I like what I’m buying?

Will I hold it for long enough to insure against backwardation? (In my opinion)

I am of course basing this on a scenario whereby the s*** has not hit the fan and I’ve not had to cash out at short notice. Even then, if I’m fortunate to hold a load of gold and have to take a little bit of a haircut, I’m still in an incredibly fortunate position

[modofantasma]

Not sure if it is exactly a deal but Atkinson's have listed a bunch of Swiss 20Fr by the date which may help some LMU collector's ? 

 

https://atkinsonsbullion.com/pre-owned/gold/pre-owned-gold-coins?page=1&pageFilters=1245,1249&nid=27445&sort=price_asc&perPage=24&isSelling=False&facets=1249,1245&pid=27445

[MickB]

Marked up for £2750 but Aylesbury Bullion would accept £2250 for this 2012 proof set. 

[James32]

1 minute ago, MickB said:

Marked up for £2750 but Aylesbury Bullion would accept £2250 for this 2012 proof set. 

Take that and the Daytona below pleased 😀 

Very good price 

[MickB]

3 minutes ago, James32 said:

Take that and the Daytona below pleased 😀 

Very good price 

If I bought the set today my missus would have me living on the street by tonight! 

[Chrisplym]

@MickB Very interesting and tempting. I live near Aylesbury too. I presume it is a double, single, half and quarter? Did you see the condition? Thanks, Chris

[MickB]

29 minutes ago, Chrisplym said:

@MickB Very interesting and tempting. I live near Aylesbury too. I presume it is a double, single, half and quarter? Did you see the condition? Thanks, Chris

Sorry Chris, I didn't have my glasses with me at the time as I would have checked the condition if I did. Thought I'd post the set here for anyone interested. It might be worth ringing them to ask about their condition. Very friendly staff in there.