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Tooled


Xander

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33 minutes ago, Xander said:

If a Gold Sovereign has been "Tooled "would this affect the value?

There are certainly forum members who know more about Sovereigns than me but if it was a numistmatic Sovereign, it would lose that numistmatic value. Maybe if it was extremely rare it would keep a tiny amount of the numismatic value but not otherwise. I would also expect to get scrap gold value for it which should normally be a bit less than what you would get for a bullion Sovereign, for example 95% instead of 98% of the spot price, depending on the dealer.

 

Short answer: Yes

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2 minutes ago, silenceissilver said:

Short answer: Yes

OK, thanks. 

The coin is PCGS graded and I thought it was a bit expensive, I just wasn't aware of the term tooled on the label.

Cheers.

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Can't say I've seen many modern(ish) coins like this that are tooled but I guess with the rarity it becomes worthwhile.  Changing a run of the mill example to a rare mint or rare variety is the usual thing I've seen with more modern coins.

Normally I've seen it with medieval or ancient coins where the strike is weak to start with an it's hard to find an example that isn't worn or has been done during cleaning.

 

Did it say both sides were tooled or just one?

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