Places to sell George V sovs

[BobnotTed]

If I wanted to sell some George V sovs (just thinking about it), which of the UK dealers are usually known for having the best prices to sell to?

At the site below one is £346.00 to buy - what sort of price do you think they might buy for?

https://www.atsbullion.com/gold-sovereign-coin/1911-1932-george-v-sovereign/

If alternatively I wanted to sell here on the forum, would it normally be standard to sell sovs individually, rather than selling several together as one lot?

Do you think I'd get much more selling here on the forum compared to what I'd get from one of the UK dealers who offer better prices?

Thanks.

[Richym99]

Sell on here without doubt.

If you ask a fair price, you will get exactly what you ask. I sold a 1912M today for £335 inc Spec Del. 

Go to a dealer, you are unlikely to be offered more than a couple of percent below spot. Unlikely more than £300.

Put it on ebay and to get £330, you will have to sell for about £380 to cover the fees of about 15% final sale.

Alternatively, put it in an auction with 10% sellers fees and cross your fingers, while waiting several weeks. 

Edited May 30, 2021 by Richym99

[Spark268]

I do not know of any dealers who would offer more than £300, even though they would go though the effort of itemising specific sovereigns at higher prices.

you could get a price close to that on the forum.

eBay can be good for specific items, but it comes with attendant risks.

[Richym99]

Talking to the owner of Bullionforless in Cardiff the other day, he revealed that he sells unspecified (ie lucky dip) sovs for about £345, but buys at 4% below spot. I suspect most will be similar.  

[pricha]

Hatton Garden Metals are offering £307 a sovereign  

Just now, pricha said:

Hatton Garden Metals are offering £307 a sovereign  

better to sell on the forum

[Hunter87]

https://www.facebook.com/shaun.w.oliver
 

This dealer runs the “backthemetal” FB page he will pay you the best price for your sovs. 

[27carrots]

They might charge 346 for one but they give the option to buy a 100 at 331 and so they would have to offer much less than that.

[BobnotTed]

If I sold here on the forum, in order to receive payment, is the general practice to then message the purchaser with my sort code and bank account number? Do I need to message any other info in order to receive payment?

 

[Smiler999]

1 hour ago, BobnotTed said:

If I sold here on the forum, in order to receive payment, is the general practice to then message the purchaser with my sort code and bank account number? Do I need to message any other info in order to receive payment?

 

Yes, do all that sort of business by private message and not publicly 

[27carrots]

2 hours ago, BobnotTed said:

If I sold here on the forum, in order to receive payment, is the general practice to then message the purchaser with my sort code and bank account number? Do I need to message any other info in order to receive payment?

 

account name

sort code

bank number

 

[BobnotTed]

I think I'll try listing some on the Buy, Sell and Trade section here on the forum. 

Do you think this standard of photo is okay for listing, or do I need to get a lend of a better camera?

[Richym99]

Definitely could do with better images. The better the image, the more info you give buyers as to it's condition. With those, you can barely tell the year. 

A camera that will take macro images helps.  

[LawrenceChard]

On 30/05/2021 at 22:38, Richym99 said:

Sell on here without doubt.

If you ask a fair price, you will get exactly what you ask. I sold a 1912M today for £335 inc Spec Del. 

Go to a dealer, you are unlikely to be offered more than a couple of percent below spot. Unlikely more than £300.

Put it on ebay and to get £330, you will have to sell for about £380 to cover the fees of about 15% final sale.

Alternatively, put it in an auction with 10% sellers fees and cross your fingers, while waiting several weeks. 

Sell on here without doubt.

For a small quantity, possibly. For a larger quantity, probably not.

Go to a dealer, you are unlikely to be offered more than a couple of percent below spot. Unlikely more than £300.

Sure, if you go to a local coin shop, a jeweller, or a pawnbroker, that's possibly optimistic.

Go to a good bullion dealer, and you should be able to sell any quantity and at a much better price. @ChardsCoinandBullionDealer, we would be delighted to take 1,000 off your hands at spot, subject only to them being genuine, and of acceptable bullion grade or better. They don't even need to be George V.

Prices here https://www.chards.co.uk/gold-price/live-gold-price as I speak, with spot £1,346.70; intrinsic sovereign = £317.01 each, immediate payment by bank transfer, possibly cash!

£317 is a lot higher than £300! 🙂

 

Put it on ebay and to get £330, you will have to sell for about £380 to cover the fees of about 15% final sale.

Sounds about right.

Alternatively, put it in an auction with 10% sellers fees and cross your fingers, while waiting several weeks. 

... and who is going to bid 10% over spot for them?

I suppose I should disclose an interest!

 

[LawrenceChard]

On 30/05/2021 at 22:40, Spark268 said:

I do not know of any dealers who would offer more than £300, even though they would go though the effort of itemising specific sovereigns at higher prices.

you could get a price close to that on the forum.

eBay can be good for specific items, but it comes with attendant risks.

You never heard of @ChardsCoinandBullionDealer?

Currently paying spot (£317).

[LawrenceChard]

On 30/05/2021 at 23:16, pricha said:

Hatton Garden Metals are offering £307 a sovereign  

better to sell on the forum

That's quite a generous bid.

It's only £10 each less than @ChardsCoinandBullionDealer, although they do need to be genuine, and better than scrap or ex-jewellery. 🙂

[LawrenceChard]

On 30/05/2021 at 22:44, Richym99 said:

Talking to the owner of Bullionforless in Cardiff the other day, he revealed that he sells unspecified (ie lucky dip) sovs for about £345, but buys at 4% below spot. I suspect most will be similar.  

Why sell at 4% discount when you can get spot?

[Richym99]

5 hours ago, LawrenceChard said:

Why sell at 4% discount when you can get spot?

That wasn't a suggestion to the OP Lawrence. Merely an ilustration of how much better selling on here would be for him.  

Of course, some companies may offer more generous terms. 😉 

[BobnotTed]

I think these are possibly better photos. At least I'll know when I see them posted here against my previous attempt. 

Is this a reasonable quality of photo to sell on the forum's Buy, Sell and Trade section?

 

Edited June 12, 2021 by BobnotTed

[BobnotTed]

[Richym99]

3 minutes ago, BobnotTed said:

I think these are possibly better photos. At least I'll know when I see them posted here against my previous attempt.

Is this a reasonable quality of photo to sell here on the forum's Buy, Sell and Trade section?

A lot better than some I have seen in the buy and sell section

[Foster88]

22 hours ago, BobnotTed said:

I think these are possibly better photos. At least I'll know when I see them posted here against my previous attempt. 

Is this a reasonable quality of photo to sell on the forum's Buy, Sell and Trade section?

 

I’d say they’re ok. If you can get clearer photos that would be better.

I’ve seen photos on here that look like someone’s put the coin on the floor then climbed a ladder to take the photo.

Yours are much better.

[Hunter87]

If you are able to sell on eBay with the £1 selling fee offer activated then that might be a good option for you to maximise your profit.

[BobnotTed]

I was just looking at the Silver Premium Membership here on the forum (application snip below) - is this paid by monthly direct bank deduction, or by PayPal? I'm in the UK.

 

[sixgun]

i think i pay mine on a bank card.
You don't have to be a premium member to sell on the forum. The main benefit in my opinion is you can see my Covid-19 thread and incidentally see all the for sale items as soon as they are posted.

Edited June 14, 2021 by sixgun

[BobnotTed]

39 minutes ago, sixgun said:

You don't have to be a premium member to sell on the forum. 

Thanks; I wasn't aware of that.