Proof Vs Bullion sovereign.

[TheGeneral]

I’m considering buying my first Proof sovereign as I have only bought bullion grade up to this point. 

I have seen one I’m interested in for £40 (£339) over the current price of a 2019 bullion grade coin(£299 at Harrington and Byrne) .  

What are your thoughts on this guys? Has anyone got any good pics of proof and bullion coins side by side? Am I waisting money when I am a primarily a stacker or is it wise to diversify your collection this way? 

Thanks in advance. 

[Notafront4adragon]

There are a lot, relative to other years, of 1980s proofs out there. Checking on eBay, you could probably get one for less than 339.00 with a box and COA and they do seem to pop up often.

Personally I don't think you'll get that premium back for a relatively common proof if you want to stack for weight. 

[CadmiumGreen]

If you, as have stated, primarily a stacker, then I wouldn’t pay the extra £40 for a proof Sovereign, especially a very common 1980. I have several of them and sold one 1980 proof and a 2018 bullion realizing only a couple dollar difference in the sale between the two.

A 1980 Gold Proof Sovereign is a delight, but you won’t see the return of premium you pay when you sell it. Other Gold Sovereign Proof, particularly the special dates and certain SOTDs  may see a better return of premium, however.

As close to side by side for examples of proof compared to bullion...

[Varus]

Paying a premium to make a profit is normally not a good idea.

[Xander]

When buying a proof coin you have to be sure it has no defects, if it does and you come to sell, it will only be worth bullion.

[TheGeneral]

Thanks all. I appreciate the advise and will take heed. 

 

[Tickety]

Must agree with the others, bullion coins for me, although I have a couple of proof half sovereigns I bought them second hand for bullion prices. I don't think you may get your premium back.

[dicker]

If you want proof go for it!

If you want a very nice coin perhaps go for for a Bullion Sov 1958 - 1966.  
 

Many in very good condition and I think one of the prettiest ever! Plus...they are not silly money  

Best

Dicker