2017 gold Proof Piedfort Sovereign VALUE?

[Numismatist1999]

Hi. 

I’m trying to buy the 2017 gold proof Piedfort sovereign. I can get one for £1595 on Chards.co.uk. Is it too expansive? They say it’s brand new from the Royal Mint two years ago. 

Is Chards a reputable firm? I’ve never heard of them and I don’t know if I should buy the coin from them. Where else can I buy this coin? 

Also, how likely is this coin going to be sought after in the future?

As some of you might know, I am trying to decide whether to buy the 1989 gold proof 3 coin set sovereign for about £3000 from a very reputable firm (original case & COA) or the 2017 Piedfort from Chards. Which one should I go for?

Thanks!

[Sovereign]

1 hour ago, Numismatist1999 said:

Hi. 

I’m trying to buy the 2017 gold proof Piedfort sovereign. I can get one for £1595 on Chards.co.uk. Is it too expansive? They say it’s brand new from the Royal Mint two years ago. 

Is Chards a reputable firm? I’ve never heard of them and I don’t know if I should buy the coin from them. Where else can I buy this coin? 

Also, how likely is this coin going to be sought after in the future?

As some of you might know, I am trying to decide whether to buy the 1989 gold proof 3 coin set sovereign for about £3000 from a very reputable firm (original case & COA) or the 2017 Piedfort from Chards. Which one should I go for?

Thanks!

hi there 

the 2017 piedfort worth less than £1500

pf70 one sold on ebay recently for £1050 

you can get one for £945 or best offer 

i personally prefer the full sovereign

if you going to pay £3k for 1989 3 coin set has to be in perfect condition and still on the high side 

 

https://www.ebay.co.uk/itm/2017-PIEDFORT-22ct-GOLD-SOVEREIGN-GARTER-REVERSE-1817-DESIGN-200-ANNIVERSARY/163769770705?_trkparms=aid%3D111001%26algo%3DREC.SEED%26ao%3D1%26asc%3D20160908105057%26meid%3D4339d261e06e4fab8dd917ddf6fdd61d%26pid%3D100675%26rk%3D1%26rkt%3D15%26sd%3D163769770705%26itm%3D163769770705&_trksid=p2481888.c100675.m4236&_trkparms=pageci%3A912dbd09-a2cd-11e9-b21c-74dbd180b743|parentrq%3Ada338c8816b0a4e9227f683dff7eade1|iid%3A1

 

[richatthecroft]

Personally, if you are choosing between the two- go for the Sovereign set. Full Stop.  However, if your budget extends to £3k, I think if most likely you could buy both the set and the Piedfort for around this price. 

Like @Sovereign, I believe £3k for the 1989 set is way too much- around £2k- £2200 would be a reasonable.  The Piedfort between £950- £1100 is its price.

[Cornishfarmer]

Chards is a very reputable firm but those prices are too high.    If I was you I’d keep your money in your pocket for a couple months until you learn a lot more about coins.    This will save you from losses.  Remember coins/sets come up all the time 

[Silvergun]

I would sell my 2017 gold proof Piedfort sovereign for £1050 + postage .

[ilovesilverireallydo]

http://mjhughescoins.co.uk/eshop/1989-500th-anniversary-of-the-sovereign-3-coin-gold-proof-sovereign-set  - a much more reasonable price. 

 

 

[Seasider]

M J Hughes also has a 1989 BU £5 for just under £2,300 which seems to be within your budget and has a bit more gold in it than the three coin set - also the bigger that design is the better in my view.  OK it's not a proof.

Personally I think the 1989 scores over the 2017 design and the piedfort may end up being seen as a gimmick.  I'd prefer a double sovereign over a piedfort any day.

With the sort of budget you seem to have perhaps you should consider some older sovereigns instead - 1937 perhaps?

[goldmember44]

The first "special" sovereign on my list would be a PF70 graded 2012 sov, due to its relative rarity. Then I'd go for the 1989, and then the 2017 -- which is still quite common on the secondary market, easy to find.

[Numismatist1999]

Thank you for all your replies! 

I’m actually quite new to coin collecting. I fell in love with it when my granddad gave me his old coin collection. 

Yes, I might wait a bit and buy the 1989 sov when it becomes available at a better price. But wouldn’t the value of those coins increase over time? Wouldn’t it become more expansive when purchased in the future?

Also, what coins should I collect? I want to first collect all five of the special reverse designs that were produced under Queen Elizabeth II reign. Which one shall I collect first, in terms of relative rarity? 

[Fivepoundfred]

I would start with the 2002 or 2005 which will probably cost you the least.. None of these sovereigns are rare, you see plenty for sale but of course it would be good to get them in nice condition. 

You may get lucky and pick up a bargain but unusually low prices can indicate condition issues.

[Numismatist1999]

23 hours ago, goldmember44 said:

The first "special" sovereign on my list would be a PF70 graded 2012 sov, due to its relative rarity. Then I'd go for the 1989, and then the 2017 -- which is still quite common on the secondary market, easy to find.

How much would you pa for the PF70 Ultra Cameo graded 2012 sovereign? Is £1200 a good deal?

[goldmember44]

1 minute ago, Numismatist1999 said:

How much would you pa for the PF70 Ultra Cameo graded 2012 sovereign? Is £1200 a good deal?

I would pay up to £1,200 for it, yes. Hopefully get it for a little less.... 

[Au79]

under £1200 is a good deal.