Stupid me, scratch

[Bruce06]

I collected a gold bullion at a local dealer yesterday.  Because of my excitement checking the griffin silver coin, i forget to check the royal arms bullion.  When i go home, then see a scratch on cheek...what a stupid mistake...may i know if it affects the coin value?

😭🥶

[vicamy]

Not really. These are bullion coins. Scratch affects value on proof coins, but not on bullion.

[Bruce06]

this year mintage has 5000 as limit, will there any difference even for bullion?

[vicamy]

It might, but since it is a bullion and the way how it was produced and handled as a bullion by the mint and dealers, buyers will expect some imperfections. Yes a perfect 70 graded coin could attract more premium, but a couple of scratches won’t devalue the coin. The price itself will move along with the spot plus bullion premium. 

[Pete]

A very high percentage of these coins were issued with scuffs and some scratches.
If you paid regular margin over spot for a bullion coin then the scratch doesn't matter.
If you paid a high premium then see if the seller will refund you but many will not because you cannot prove that you didn't damage the coin.

[Bruce06]

Luckily regular margin only.  I don't think the dealer will do anything, as like what u said, can't prove the scratch after leaving their shop.

[Arganto]

The annoying thing is that coins like the Royal Arms, Queen's Beasts etc tend to carry a higher premium than regular bullion like the Britannia yet suffer the same mint/quality control issues. It's partly why I've steered clear of that sort of thing unless it's a bargain at 'regular' prices. 

It's a bit like when you buy a Jaguar and find out it's largely a Ford underneath the dress up and the quality control is pretty much the same. You pay for the wow factor, and if I'm being kind fractionally because of the 'less common' tooling used {cough}

[Swampy]

As with all things - it could be worse! 😳😱😥
 

https://www.ebay.co.uk/itm/1989-anniversary-full-gold-sovereign-/203298409559?_trksid=p2349624.m46890.l49292

[GavitSilver]

20 minutes ago, Swampy said:

As with all things - it could be worse! 😳😱😥
 

https://www.ebay.co.uk/itm/1989-anniversary-full-gold-sovereign-/203298409559?_trksid=p2349624.m46890.l49292

oh that hurts

[Bruce06]

54 minutes ago, Swampy said:

As with all things - it could be worse! 😳😱😥
 

https://www.ebay.co.uk/itm/1989-anniversary-full-gold-sovereign-/203298409559?_trksid=p2349624.m46890.l49292

Oh no, how come

[Swampy]

1 hour ago, Bruce06 said:

Oh no, how come

So pleased it’s not mine!  The seller gives the explanation of rubbing it... 

 

[SidS]

Just the type of 1989 sovereign I'd go after, it'd make a great pocket piece! I could carry it around free from its capsule and not worry about it picking up a few million extra scratches... 😀

[AndrewSL76]

The 1989 could be a good thing for some collectors - I say this because there is a strange bunch of collectors who try to achieve the lowest possible grades for some coins. It's true. Strange world we live in!!! People WILL pay a premium for a coin that is extremely bad condition and low graded where it is slabbed and the lowest in the Census or Population!

[sovereignsteve]

Ouch, what the hell did he rub it with?

[Bruce06]

actually will corrosive acid do harm the gold?  if no, how it can be made? or will it in fact not gold?

[StackemHigh]

Won't affect value but someone could buy a better one for the same price rather than yours.

[Hunter87]

On 06/03/2021 at 06:53, vicamy said:

Not really. These are bullion coins. Scratch affects value on proof coins, but not on bullion.

Wouldn’t bother me. If you go to sell in the future just let any potential buyers know and they can decide for themselves.