Churchill Quarter Sovereign - what are your thoughts?

[PeterPan]

Any thoughts on the below quarter sovereign from Hattons? Am I right in saying it's not an official sovereign, in which case how are they allowed to call it one? 

 

[watchesandwhisky]

Not sure on the legalitys of how they can call it a sovereign (maybe weight and purity specification) but I think its an ugly coin that will never really be worth above spot in the secondary market..That said if the price of gold goes up much more it may actually end up being a good buy. 

[Notafront4adragon]

No it's not a Royal Mint sovereign, and there is no restriction on using the term sovereign for coins so why wouldn't use that term, it's associated with a famous coin. 

Hattons of London are always doing the world's first quarter sovereign. They don't mind the odd bit of spam emailing either, but to be fair was easy to stop. I've not bought from them again, but I do know they'll sell you all sorts of over priced gold and silver though.

The first piece of gold I bought was a Hatton quarter sovereign (the worlds first 24kt one!!!!!) out of a newspaper advert. I was incredibly naive and figured owning some gold would be nice. Interestingly that was almost a year ago and I paid £99 for it, so at least Hattons have kept their prices the same.

As it happens I got lucky as the design was Una and the Lion (again no knowledge of that when I bought it), often considered to be a very beautiful design and highly desirable. Turns out it was incredibly easy to sell on when the time came, I doubled my money after ebay fees etc. However I'm fairly convinced that had it been any other design, I doubt it would have sold so easily and for so much. 

I would say if I was Queen Elizabeth I would have this company shut down for producing such a poor portrait of me.

[OriginalS]

There's already a thread about this, I believe it's issued by one of the channel Islands so it's technically legal tender in the issuing island. Hence why they can call it a quarter sovereign.

 

It's a weird looking coin but at the minute it's only about £16 over spot

[PeterPan]

It would be nice to see an actual photo rather than that digitally created thing.

Interestingly they are actually selling on ebay for £150 already.

[OriginalS]

Okay I'll admit too it, I've ordered 1 😂

 

I'll add some when it gets delivered but if they start selling on eBay for that much it's going straight on there

[Prophecy]

The Queens portrait looks like they found any old woman and put a wig on her

[Chorlton]

Not sure why Churchill looks like Noel Coward. Still trying to work out who has taken the place of the queen. If the gold price doubles over night could be worth buying every one they have.

[Xander]

I bought one of these square gold Sovereigns from them. I think they got it mixed u p with the Britannia. 

[OriginalS]

It's not the queen it's Nicola Sturgeon with a crown

[Prophecy]

1 hour ago, OriginalS said:

It's not the queen it's Nicola Sturgeon with a crown

How to reduce gold to iron scrap value...

[PeterPan]

I'm sure Jody Clark is having a good laugh! 

I've just had a quick search and I can't actually find a cheaper quarter sovereign. I might have to order one!

If you check sold items on eBay a few have sold for 145/150 so can already bag a profit. One per household sadly 😆

[dicker]

Not my cup of tea.

Best

Dicker

[AuricGoldfinger]

They are gross but hey if you can make money then great 😬

[Metalisreal]

So is Hattons authorized by the UK gov't to produce these coins or are they just a private mint that can make anything it wants?

[Notafront4adragon]

19 minutes ago, Metalisreal said:

So is Hattons authorized by the UK gov't to produce these coins or are they just a private mint that can make anything it wants?

Private mint. 

[Prophecy]

10 hours ago, Notafront4adragon said:

Private mint. 

This. Private mints especially pobjoy and tower in UK make deals with over seas territories to strike legal tender coins for that terriotory which gives them the opportunity to make bullion and proofs. Some are interesting, most are strangely designed numismatic bombs.