How Important are COAs

[Scuzzle]

How important is the COA, I bought some gold sovereigns last year and got one receipt and one COA to cover them all.   This time round I'm thinking of doing away with the saving I get from buying multiple coins against just getting them one at a time so I  have a COA for every individual one so every coin can be sold individually at any time with a COA.

Am I doing the right or wrong thing, is a COA important and help a sale or am I just better off getting the couple of quid a coin saving?

[sovereignsteve]

How important is the COA, I bought some gold sovereigns last year and got one receipt and one COA to cover them all.   This time round I'm thinking of doing away with the saving I get from buying multiple coins against just getting them one at a time so I  have a COA for every individual one so every coin can be sold individually at any time with a COA.

Am I doing the right or wrong thing, is a COA important and help a sale or am I just better off getting the couple of quid a coin saving?

It depends. if it's a COA that originally came with the coin from the mint for example, then pretty important to have to keep the value.

If it's one issued by the dealer eg Gold Bullion company, it's a guarantee to you that the coin is genuine but when you re-sell, it's worthless.

However, if it's a COA that comes with a valuable collectable coin from a reputable dealer and has some kind of ID with it to identify it to that particular coin, then it's very useful to have when you re-sell.

[Pete]

As far as I can tell an original CoA is desirable with a proof coin or proof set giving a unique serial number.

I have never seen a CoA with a bullion coin and comparing prices I reckon it will make absolutely no difference when it comes to selling.

I am not sure a missing CoA on a proof set even would reduce its value by much but some buyers would not consider a proof without, but others might not care. With day to day fluctuations and multiple sellers I would not be concerned. I definitely would not pay extra for any box or paperwork on a bullion coin. You can buy boxes, printed with gold sovereign or whatever you wish for 50 pence each in China.

 

Note - from time to time there are sellers offering empty coin boxes and some including serial numbered CoAs.

Not difficult to find the matching coin and voila !

To me that's cheating but would you ever know ?

[Scuzzle]

Thanks guys, if it's not the norm to bother with a COA just for a bullion coin I will just take the saving on the multiple items.

[Danny-boy]

Thanks guys, if it's not the norm to bother with a COA just for a bullion coin I will just take the saving on the multiple items.

I think that's a good move.

[motorbikez]

Not really important at all, they are nice to have & if there were two indentical   coins for sale you might pay a couple of pounds more for the one with a cert.

 

A couple of months ago I sold 2 extremely rare S1 1/2oz mouse proofs one with everything and one with case only, no cert or outer slip box, I got exactly the same for each coin.

[sovereignsteve]

I would think with the extremely rare and sort after coins, a COA isn't such a big deal as @motorbikez says.

However, in general, with proof sovereigns, there is a definite advantage in having the COA complete with the case as per original issue. The value does decline somewhat if these are missing. It is particularly noticeable with the more expensive issues such as the 1989 which is high value even though it isn't particularly rare.