Sovereigns help needed

[Lucylucy]

Any help would be most appreciated.

I am a silver collector with no experience in buying/selling gold.

I have ten sovereigns which I wish to dispose of as follows

    
1881    Victoria
1887    
1899    
    
1909    Edward
    
1913    George V
1915    George V
1915    George V
    
1964    Elizabeth
1966    Elizabeth
2005    Elizabeth
They are all non capsulated or slabbed and presumably have been handled but there is no apparent damage-does this make them bullion coins?

I am having difficulty in establishing a reasonable sale price - I find the numbers on Ebay a little confusing!

Can anyone help with a price - would it be better to sell the individually or as a bulk lot and who to?

I realise that this is a big ask but any guidance would be most appreciated

[sixgun]

The 2005 sovereign would normally go for a bit more - also you have mentioned some years which i expect are Shield sovereigns (1881 and 1887) - these go for more money. 

https://hattongardenmetals.com are selling sovereigns in the mid £270's at the moment. i would look through the selling section of the forum to see what members are selling their sovereigns for. 

i would recommend selling the sovereigns separately + postage of choice. You could sell the display box as a separate item if you wished. There are a lot of members selling gold at the moment b/c they see the price on the high side and want to lock in a bit of profit, so coins probably aren't selling quite as quickly as they might usually do but it does not cost to put an advert on the forum and sovereigns are always popular.

https://thesilverforum.com/forum/13-uk-europe/

[Roy]

15 minutes ago, sixgun said:

some years which i expect are Shield sovereigns (1881 and 1887)

I doubt either are, but sixgun is correct,

😊

[sixgun]

1 minute ago, Roy said:

I doubt either are, but sixgun is correct,

😊

i am correct but neither are shield sovereigns 😊 😊

[Roy]

Correct 😁

[goldmember44]

They all seem to be bullion value sovereigns, the 2005 perhaps a bit more as sixgun mentioned. Overall value in the range £2,700 - £3,000.

[Roy]

As Sixgun said, list them individually.

People are weird! They collect dates/types/mintmarks etc.

Study your coins first. People will help you here with info.

TAKE GOOD PICS! 😁

[silenceissilver]

I also want 10 Sovereigns without experience in buying gold. If anyone wants to help me achieving that - you can send your spare Sovereigns to me.

 

Can't add much to what others have said, but you could look up the buy and sell prices at Atkinsons and sell it for the average, here on the forum.

https://atkinsonsbullion.com/gold/gold-coins/sovereign-gold-coins?sort=Please Select&quantity=0&page=1&view=grid

https://atkinsonsbullion.com/sell-to-us/gold-coins

Currently, I see a 2012 and a 2005 both selling for 315.65 and a 2005 buying price at 256.08, so the average would be be 285.87. I have bought a 2012 Sovereign on the forum for 275 and received it today, so roughly at the same spot price we have now. So maybe you want to go a tiny bit lower than the average than you have better chances of getting rid of them faster. In any case Aktinson gives you a rough price range. You could even do the same with bullion by post and you should get similar averages as they sell at higher prices and buy at lower ones, from what I remember. You could also build the average from several dealers and the forum but I think you get the point. Just compare each portrait on its own and the 2005 on its own. If one was a Shield Sovereign, this would be to be compared only to other Shield Sovereigns, again.

 

[Pete]

Having listed several ounces of miscellaneous gold recently on the forum, because the price has risen, I am having mixed success.
In parallel however I sent several gold coins to HGM and received the money in my bank the following day.
The difference is what you can hope to receive.
For example -
Sell an ounce on the forum for spot + 2% so if spot is £1,100 this is £1,122
Offer free SD postage so cost around £8
Net received £1,114

Sell to HGM at 98% of spot so receive £1,078 within 24 hours or less.
Deduct SD shipping to HGM of £8 so net received £1,070

Difference is £44 on £1,100 spot value = 4%
However 2% over spot isn't working right now on the forum so maybe need to try 1% so the difference drops to £22.

Selling single coins does take time and effort.
You need to wait on a buyer, obtain payment, pack and ship and provide tracking info to the buyer.
Waiting introduces another problem in that spot is changing rapidly and your coin(s) may be over priced the next day or worse ( if a seller ) underpriced.
All takes much more time than you think.

Currently even offering gold at between 1.5 and 2% over spot people are not buying because the recent rise has made people stop and think.
Is this a peak and will prices fall soon ?
Some "experts" are predicting another tranche of rises but no-one on the planet can forecast this accurately.
On the other hand HGM as an example just pays 98% of spot regardless of the price swings.

Depends on your urgency to sell and how much time you are willing to invest in selling.
Individually or as a single lot ?

Personally I am leaning toward selling bullion gold coins through HGM and have about 10 ounces to shift at the moment.

[HighlandTiger]

12 hours ago, Pete said:

Having listed several ounces of miscellaneous gold recently on the forum, because the price has risen, I am having mixed success.
 

Slight off topic comment. I have noticed the same, and as the price increases, it can only get worse. The numbers of forum buyers is limited, and as such the higher the price, the number of sellers will increase and buyers decrease. Anyone thinking they can obtain spot value when gold is really high, may find they will struggle. Dealers have in the past lowered their buy prices when gold has hit highs, and they think they might lose out if gold suddenly drops, (which i expect it to do, on Monday, after the news regarding some easing on the US China trade war.)

Something to ponder for the future. 

[ceegold]

I am New to the forum so am unable to offer any advice but having read all the posts I cannot find any fault  with the advice you have recieved from  the members on here who have gone out of their way to provide you with advice which is both consistent and honest.

[Lucylucy]

Many thanks to everyone who has responded to my question with such sound and honest suggestions.

It is really good to have such support from the Forum to the inexperienced.

Thanks again and I shall reply individually shortly.

[Cornishfarmer]

@Pete not sure if still applies but there used to be a code on MSE that you put in and you could get 99% spot for gold rather than 98% that would be an extra £110 odd. 

if you didint know about this and it works you can buy me a beer sometime!!!!