Sovereigns - I'm not keen

[vacancies]

Looking to expand my collection and I just cant seem to bring my self to buy more sovereigns.  I'm not sure if the slightly lower carat or the fact they seem to carry a premium beyond expected or that there are so many fakes knocking about.  Rather have a 10/Brit 10/krug etc etc

 

Am I missing something - help me find the appeal???

[KDave]

Get older ones that have some silver content and much nicer colour - King George V, Elizabeth pre-decimal, Edward VIII. You should be able to get them at decent prices, certainly better premium than 1/10 from dealers.

I do agree though nothing beats all the 9's gold, even a mint lustre old sovereign does not compare to pure gold. 

[AppleZippoandMetronome]

20 minutes ago, vacancies said:

Looking to expand my collection and I just cant seem to bring my self to buy more sovereigns.  I'm not sure if the slightly lower carat or the fact they seem to carry a premium beyond expected or that there are so many fakes knocking about.  Rather have a 10/Brit 10/krug etc etc

 

Am I missing something - help me find the appeal???

I'm not sure where you've been buying your sovs but generally they rate very highly because of the fractional sized coins they tend to have the lowest premiums. Of course there are exceptions and it'll vary depending on where you buy them but generally they can be found at prices not too far off spot. You'll almost always pay a much higher premium for the 10th or 1/4 oz coins. The 10th oz coins in particular carry premiums that make them unreasonable purchases to me.

I do think stacking gold is a more frustrating experience than silver in terms of variety. If you want to do it sensibly it limits you to what you can get close to spot which tends to be bullion sovs or larger 1oz + coins. Your best bet if you want some variety without paying over the odds is to keep an eye on sales posts here on the forum and follow the UK gold deals thread.

[jultorsk]

The sovereign is an odd thing - for me at least it took a couple of years of stacking other things to finally "get" their strongest point; liquidity. Think about your exit strategy. 

I hope this vid helps! 😊

  

[SovTracker]

3 hours ago, jultorsk said:

The sovereign is an odd thing - for me at least it took a couple of years of stacking other things to finally "get" their strongest point; liquidity. Think about your exit strategy. 

I hope this vid helps! 😊

  

Exit strategy. Totally agree. There is an excellent market for quality Sovereign's. 

Worldwide recognition.  Many Australia Mint Mark Sovereign's in the UK end up back in Australia. 

Some older Sovereign's are particularly scarce. 

Fakes - I've handled 2 in 30 years. Only buy from trusted sources.  I was able to return both for a full refund. 

Buy quality, not Bullion in my opinion.  You have the Gold value plus Numismatic Value. 

You only have to look at Auction realisation prices to see what is happening in the Sovereign market - generally strong realisation prices. 

[sovereignsteve]

11 hours ago, vacancies said:

Looking to expand my collection and I just cant seem to bring my self to buy more sovereigns.  I'm not sure if the slightly lower carat or the fact they seem to carry a premium beyond expected or that there are so many fakes knocking about.  Rather have a 10/Brit 10/krug etc etc

 

Am I missing something - help me find the appeal???

If you have some and and you haven't got the love, there's no hope for you I'm afraid. 😀

[Martlet]

@vacancies  I see the key word "collection", so assume you are not looking at bullion. Yes, there's some premium to non-bullion sovereigns, that may be quite high and they might not be so easy to move on for the premium.  Same probably applies to any non-bullion priced coins, you pay a bit extra for a specific year but come to sell you are waiting on that buyer, or need to take a lower premium to move quickly. 

Maybe need to just get a focus on what to collect (monarchs, shields, countries etc)?  Or simply have a play with other coins, that is the fun of collecting over stacking for PM value alone. 

[Coolsmp]

12 hours ago, vacancies said:

Looking to expand my collection and I just cant seem to bring my self to buy more sovereigns.  I'm not sure if the slightly lower carat or the fact they seem to carry a premium beyond expected or that there are so many fakes knocking about.  Rather have a 10/Brit 10/krug etc etc

 

Am I missing something - help me find the appeal???

If you dont like your Sovereigns put them up for sale on the forum. They wont take long to sell

[dicker]

Hi - I understand your initial view.  

When I very first started collecting, I simply looked at modern Sovs and REALLY did not like them - for many reasons.

However after visiting a coin show and seeing the wealth of beautiful sovereigns that are available (Gillick and prior), I was hooked.

As has been mentioned above, they are very liquid and sell at lot premium over spot (if they are not special in some way) and there is a huge variety of choice if you want to collect particular issues, years, monarchs, and even errors.

I do fully appreciate and respect your view however!

All the best

Dicker

[Prophecy]

@mr-dead just bought a new house with 1kg bars and Krugerrands... That's a lot of CGT. A bucket of Sovs could have helped there.

[Roy]

15 hours ago, vacancies said:

Looking to expand my collection and I just cant seem to bring my self to buy more sovereigns.  I'm not sure if the slightly lower carat or the fact they seem to carry a premium beyond expected or that there are so many fakes knocking about.  Rather have a 10/Brit 10/krug etc etc

Sovereigns, pre-13 Britannias and Krugerrands are all 22k

[silverin]

Sovereign are a no brainer especially when you get hooked with those shieldbacks!

[Arganto]

You can go from minted today to 150+ years back without much difference in price (for bullion or non-rare examples) which is something that isn't possible with most other common bullion. Despite this the premiums are lower in general. .916 gold or .9999 gold, it's valued by its gold content. Even when selling to a dealer the lower amounts per gram/oz offered in fiat currency tend to come in at purities a lot lower or for scrap.

There isn't a massive variation in reverse design but then that's often the case with other bullion. The designs that are available though are lovely to behold in my opinion. There are plenty of obverse designs to chose from depending on era.

It's fractional but often at similar premiums to full oz bullion. There may be some wild west pricing in some quarters but for the most part this is the case. 

It's CGT free for the benefit of UK residents.

It's recognised the world over should that become a consideration.

There are excellent resources for identifying fakes and also for identifying rarities you may be lucky enough to procure.

Sovereigns rule.

That last one is subjective. But not really.

[Teddypicker99]

How could ever ever fall out of love with the 2002 shield back sov’s 😲

[5huggy]

2 minutes ago, Teddypicker99 said:

How could ever ever fall out of love with the 2002 shield back sov’s 😲

YOU are quite right! 😉😍 - thats why I have 25 of them ! 😉👍

[Teddypicker99]

14 minutes ago, 5huggy said:

YOU are quite right! 😉😍 - thats why I have 25 of them ! 😉👍

Ha, i wondered where they had all gone..

[5huggy]

Just now, Teddypicker99 said:

Ha, i wondered where they had all gone..

Sorry buddy 😢

I cant help "LOVIN THEM" 😍 - - - 🤣🤣

[Teddypicker99]

Just now, 5huggy said:

Sorry buddy 😢

I cant help "LOVIN THEM" 😍 - - - 🤣🤣

Halfs too? Or are you a full fat kinda guy