What is this coin worth?

[GoldElliott]

Hi all

Just received this gorgeous PF69 1/2 oz 2003 Britannia, however due to current circumstances have to sell it to realise some cash.

I have looked on ebay at values and there are none that have sold with which to compare it too, but the ungraded version seems to get about £820 or so. I am reluctant to sell on ebay however as after all fees and posting I would be losing over £100! and the added hassle of the usual scammers.

I am hoping someone can come up with a price or a resource to point me to to ascertain its value before I do a for sale post on here.

Many thanks

 

[davehard24]

This is all I can find at the moment....

https://www.ngccoin.com/price-guide/world/great-britain-50-pounds-km-1042-2003-cuid-1208438-duid-1327593

 

https://en.numista.com/catalogue/pieces104238.html

[GoldElliott]

4 minutes ago, davehard24 said:

This is all I can find at the moment....

https://www.ngccoin.com/price-guide/world/great-britain-50-pounds-km-1042-2003-cuid-1208438-duid-1327593

 

https://en.numista.com/catalogue/pieces104238.html

Yes I've checked them too, but no real indication of market values.

The only ebay one I can find is this... which sold for over £900 however (and I have no idea how!) Got MS69 rather than PF69?! If you look at the Queen's head there's no chance thats not a proof coin surely?! Maybe a mechanical from ngc?

[richatthecroft]

@Pete will be a good man to ask. I have my own idea of its value, but don’t wish to ruin your day. 

[Pete]

First the good news - gold has risen 14% since I sold 2 of these 2003 £50 Brits - a bullion and a proof.
Last summer I sold a bullion coin for 97% of spot to HGM because no-one was interested in buying.
I also sold a proof to a forum member for spot price.
Unfortunately that's the situation so if someone is desperate to buy a gold coin and is willing to pay a few percent over spot then that's great.
As for the grading - personally that's only worth what someone is prepared to pay for knowing the coin is in very good condition.
With record high gold prices I suspect more buyers are looking at the total outlay ( and perhaps investment potential ) rather than owning a slabbed coin.
If gold was 30 % cheaper you might find a buyer prepared to pay a higher margin.
I think there are as may people out there expecting a dramatic drop in gold prices as there are believing it has a lot of upside - who knows ??
My opinions only so good luck with your coin.
 

[sixgun]

I must say the ebay specimen looks like a proof coin looking at the obverse (Queen's head side).

Why not message Lawrence Chard - this will be a situation he faces everyday. He might give you a clue.

[GoldElliott]

3 minutes ago, Pete said:

First the good news - gold has risen 14% since I sold 2 of these 2003 £50 Brits - a bullion and a proof.
Last summer I sold a bullion coin for 97% of spot to HGM because no-one was interested in buying.
I also sold a proof to a forum member for spot price.
Unfortunately that's the situation so if someone is desperate to buy a gold coin and is willing to pay a few percent over spot then that's great.
As for the grading - personally that's only worth what someone is prepared to pay for knowing the coin is in very good condition.
With record high gold prices I suspect more buyers are looking at the total outlay ( and perhaps investment potential ) rather than owning a slabbed coin.
If gold was 30 % cheaper you might find a buyer prepared to pay a higher margin.
I think there are as may people out there expecting a dramatic drop in gold prices as there are believing it has a lot of upside - who knows ??
My opinions only so good luck with your coin.
 

Thanks a lot for your insight- much appreciated. Thankfully it was purchased before gold went crazy for a small premium just over spot. I think i shall wait for £1 selling on ebay and stick it on there. At the moment people seem to be going crazy for gold on ebay!

[sovereignsteve]

All I can add is that the 2003 proof set seems to be very common and sells for a few % above spot.

All the individual coins are highly likely to achieve PF/PR69 so I would guess that makes this an unremarkable coin. There don't appear to be many collectors of half ounce gold Brits to push the premium up.

[GoldElliott]

11 minutes ago, sixgun said:

I must say the ebay specimen looks like a proof coin looking at the obverse (Queen's head side).

Why not message Lawrence Chard - this will be a situation he faces everyday. He might give you a clue.

many thanks, have messaged him.

Seperate question- is the Queen's head the obverse of this coin if it is not put that way in the holder (I know the monarch's head is typically the obverse), however unlike older sovereigns the queens head is at the 'back' side of the holder. Is it NGC policy to put the reverse on the 'front' side of the holder for modern coins?

What I am trying to ask is why does NGC put the obverse at the front for some coins and at the rear for others?

[Roy]

The ebay seller must be clairvoyant, nobody knows the mintage of bullion Britannias and the 1/2oz  proof is much higher.

They're not popular, I'd doubt you'd even get 2 x 1/4oz Britannia prices, because they are popular.

Still, you'll do well on the other coins in the set that you had graded.

[Arganto]

I've never really paid attention to these before, that reverse side is a really lovely design. 

I'm no expert obviously, but if any old 1/4 Britannia is up for £380 from a good dealer, then an almost perfect condition proof 1/2 should surely fetch a nice chunk o'cash over double that value? I know usually premium goes up as weight goes down but bullion vs proof, acceptable condition vs graded near perfect is different. The £800+ range must be obtainable, but you may be waiting for the buyer that wants it rather than having it snapped up right away.

Coin values are so weird. Then again that applies to a lot of things, I've seen ropey Capri's sell for more than pristine polished luxury cars of equal era before now so who knows.

* Just read @Roy's reply. Huh, crazy game this! Shows what I know...😁

[GoldElliott]

1 minute ago, Roy said:

The ebay seller must be clairvoyant, nobody knows the mintage of bullion Britannias and the 1/2oz  proof is much higher.

They're not popular, I'd doubt you'd even get 2 x 1/4oz Britannia prices, because they are popular.

Still, you'll do well on the other coins in the set that you had graded.

thanks. Yes I only really bought the 3 coin set as the most cost effective way to get the other 2 which I wanted so am very happy they got 70s.

[GoldElliott]

Just now, Liam84 said:

I've never really paid attention to these before, that reverse side is a really lovely design. 

I'm no expert obviously, but if any old 1/4 Britannia is up for £380 from a good dealer, then an almost perfect condition proof 1/2 should surely fetch a nice chunk o'cash over double that value? I know usually premium goes up as weight goes down but bullion vs proof, acceptable condition vs graded near perfect is different. The £800+ range must be obtainable, but you may be waiting for the buyer that wants it rather than having it snapped up right away.

Coin values are so weird. Then again that applies to a lot of things, I've seen ropey Capri's sell for more than pristine polished luxury cars of equal era before now so who knows.

I think you are right. For spot + 5% I'd hope to sell it within a day, however to get £800+ for it it might be a case of waiting a long time. I just hope ebay do £1 selling fees while lockdown is on (but I guess they don't need to as everyone is listing stuff anyway).

[Arganto]

If it's not time sensitive stick it up for what you want for it. It may go on here if the right eyes see the ad. If it doesn't sell its not the end of the world. If it's a cash now kind of deal at least you know it's a solid sell for spot + some % 

[Dragonnumis]

@GoldElliott I have a half ounce silver brit with the same design. It also has a similar shiny proof obverse and a very matte britannia head reverse. Ive wondered about this occasionally. It would be great if anyone knows anything about if this is unique to this particular design?

 

[GoldElliott]

Just now, Dragonnumis said:

@GoldElliott I have a half ounce silver brit with the same design. It also has a similar shiny proof obverse and a very matte britannia head reverse. Ive wondered about this occasionally. It would be great if anyone knows anything about if this is unique to this particular design?

 

That is a lovely looking coin! might have to get the silver to match the gold...

What does your label say? looks different to mine

[Roy]

Look at the date 😊

[Dragonnumis]

@GoldElliott it says “mistress of the sea” and is dated 2012. I think it was from part of a set of past designs if I remember correctly.

[GoldElliott]

1 minute ago, Dragonnumis said:

@GoldElliott it says “mistress of the sea” and is dated 2012. I think it was from part of a set of past designs if I remember correctly.

That's a pretty cool description 😂I started this thread to sell my coin but now am on the hunt for another 😂

[Dragonnumis]

@GoldElliott So its part of a set called “2012 britannia designs 9 x £1 proof anniversary  silver collection” There is a set on ebay for £399 (not mine) 👍

[shawy2510]

I think £700-£730 is going to be where its at currently & even then could hang around. I have sold gold proof £2s at spot for PF69 grades. Works out I lost money due to grading fees.

[GoldElliott]

Just now, shawy2510 said:

I think £700-£730 is going to be where its at currently & even then could hang around. I have sold gold proof £2s at spot for PF69 grades. Works out I lost money due to grading fees.

Thanks for the help. For the 1/10 and 1/4 pf 70s im guessing (and hoping) that there is a much bigger market and premiums are higher for them

[shawy2510]

Yes there is more of a market for the 1/4oz & 1/10oz. I know buyers if you are interested in selling.

[GoldElliott]

no those are staying with me thanks. It's just the 1/2 im looking to shift at the moment.

[StackemHigh]

20 hours ago, GoldElliott said:

no those are staying with me thanks. It's just the 1/2 im looking to shift at the moment.

Did  you get a price?