1989 half sov

[Dougall1]

Just purchased a 1989 half sov at pf70 grade. Do you think the value will increase much in future?

[FlorinCollector]

I believe it will do well over time as it is a sought after sovereign design. How much did you pay? 

[Dougall1]

648

[FlorinCollector]

Very good price in my opinion. 

[FlorinCollector]

There is not one in the current Coin cabinet auction but there was one in the last and it had a final sale price of £775. 

[Dougall1]

I'm planning on keeping it long term 10 years plus in order to maximize it's value increase

[FlorinCollector]

I think that is a safe place to keep your money. If within your budget I would also try and secure a full sovereign 1989 PF70. Doubles are also more affordable than the 1 sov because they are not collected as much as the 1 sov. 

[Dougall1]

Yeah that's my next target lol

Cheers for the advice mate

Edited June 21, 2021 by Dougall1

[Swampy]

Great coin design.  Price on these is crazy now - pre-internet, not marketed well in 1989 and a must have for sov collectors.

Good investment! 

 

 

[Zhorro]

1 hour ago, Swampy said:

...not marketed well in 1989...

 

 

Au contraire, the marketing of the 1989 sovereigns was, IMO, one of the best I have seen from the Royal Mint.  I still remember reading the Sunday Times newspaper and finding a colour advert for the coins.  At the time I could not afford even the half sovereign.  But the advert planted a seed and some thirty years later I was able to buy a double sovereign.  The sales figure of nearly 22,000 for the half sovereign, I think, shows the success of the marketing campaign.

[Richym99]

1 hour ago, Zhorro said:

Au contraire, the marketing of the 1989 sovereigns was, IMO, one of the best I have seen from the Royal Mint.  I still remember reading the Sunday Times newspaper and finding a colour advert for the coins.  At the time I could not afford even the half sovereign.  But the advert planted a seed and some thirty years later I was able to buy a double sovereign.  The sales figure of nearly 22,000 for the half sovereign, I think, shows the success of the marketing campaign.

Indeed, in those days marketing advertisers had to work for their money, not like these days. Whole industries such as British Gas and British Telecom were sold to the public on the back of wholesale TV, Billboard and Newspaper campaigns. And let's not forget, back then there were only two TV stations carrying advertising too.

[Swampy]

@Zhorro

Thanks.  My view is they are fab and a must have! 

My understanding is that the new 1989 design was not particularly popular at issue and the Royal Mint did not sell out of its entire issue limit.  This was attributed to the marketing with collectors wanting StGeorge and the Dragon and failing to understand the reason behind the design.  

This perhaps is why they waited a long time before changing the design again?

either way - it’s rather successful now! 
 

 

 

 

 

[Goldmick]

I will be buying the 4 coin set soon raw and having them graded with conservation a very nice sovereign set and always going up in price the 4 coin set is gunna be about 7000 

[Dougall1]

Just sorted out a deal with someone to buy there 1989 full sov for 1800. Good deal or not?

[AgAuEire]

I really want the 1989 half sov, but need to bide my time.  In the meantime, 2002 will be next on my list.

[Swampy]

A PF70 half sov 1989 just sold at the CoinsoftheRealm auction today for £690.

 

@Dougall1depends on condition of coin and if slabbed.  Great to own though! 

[Dougall1]

Mines a pf70 slabbed there's 1 on coin cabinet and already at pre bidding it's 900 quid

[Swampy]

2 hours ago, Dougall1 said:

Mines a pf70 slabbed there's 1 on coin cabinet and already at pre bidding it's 900 quid

You’ve a great coin at a fair price I think.   Nice addition to your collection! 

[BiigT]

Pretty sure the full sov that was on TCC auction went for £2100 today. That's overpriced in my opinion, but £1800 might be ok. £1500-£1700 is ideal.

 

I'm after one myself if anyone is selling

[Swampy]

@BiigTthat is a good price to sell one for eh.  The last one (pf70) to go on eBay was over £2k too.  

Hope you find one at the right price.
 

[Dougall1]

When I get hold of my full 89 sov gonna keep hold of both that and my half for at least 10 year. I can imagine the value of it will rise quite well in future

Edited June 27, 2021 by Dougall1

[Britannia47]

Found some interesting figures for the 1989 mintage/cost figures on a visit to the RM in 1998. The '89 half sov. was selling for £79.95 ex 10,000. By 1998 the price was £84.00 ex 7,500 a very small increase over 9 years. Full Sovereigns, including the 1989 were selling for £149 from 1983 to 1998 (15 years!) My first proof sovereign in 1997 was also £149 but to me that seemed expensive compared to £50 for a bullion sovereign and about £75 for a shield back. I believe the gold price had been very stable over this period at about $325 or so. Lastly, the full set was selling at £1150 with a mintage of 5000. However the secondary market was much lower. I paid £850 for the 4 coin set in 1997 which was the going price apparently. Lucky me perhaps! What is unusual, as already noted, is that the 1989 full sovereign is now more valuable than the double sovereign! Anyway here's a photo of the 4 coin set for reference.....

 

 

[HawkHybrid]

1 hour ago, Britannia47 said:

Found some interesting figures for the 1989 mintage/cost figures on a visit to the RM in 1998. The '89 half sov. was selling for £79.95 ex 10,000. By 1998 the price was £84.00 ex 7,500 a very small increase over 9 years. Full Sovereigns, including the 1989 were selling for £149 from 1983 to 1998 (15 years!) My first proof sovereign in 1997 was also £149 but to me that seemed expensive compared to £50 for a bullion sovereign and about £75 for a shield back. I believe the gold price had been very stable over this period at about $325 or so. Lastly, the full set was selling at £1150 with a mintage of 5000. However the secondary market was much lower. I paid £850 for the 4 coin set in 1997 which was the going price apparently. Lucky me perhaps! What is unusual, as already noted, is that the 1989 full sovereign is now more valuable than the double sovereign! Anyway here's a photo of the 4 coin set for reference.....

 

 

 

if you say the set can be sold at £5,600(ebay with bids 06/06/2021) then it has gained ~6.6 times.

the bullion £50 sov bought at the same time has gained ~6.2 times(£310).

on these figures the 1989 set has performed very similar % wise to bullion since 1997.

 

HH

[GoodAsGold]

On 28/06/2021 at 17:10, Britannia47 said:

Found some interesting figures for the 1989 mintage/cost figures on a visit to the RM in 1998. The '89 half sov. was selling for £79.95 ex 10,000. By 1998 the price was £84.00 ex 7,500 a very small increase over 9 years. Full Sovereigns, including the 1989 were selling for £149 from 1983 to 1998 (15 years!) My first proof sovereign in 1997 was also £149 but to me that seemed expensive compared to £50 for a bullion sovereign and about £75 for a shield back. I believe the gold price had been very stable over this period at about $325 or so. Lastly, the full set was selling at £1150 with a mintage of 5000. However the secondary market was much lower. I paid £850 for the 4 coin set in 1997 which was the going price apparently. Lucky me perhaps! What is unusual, as already noted, is that the 1989 full sovereign is now more valuable than the double sovereign! Anyway here's a photo of the 4 coin set for reference.....

 

 

Thank you so much for posting this picture. I too have a 4 coin set which I bought in 2018 and I was slightly perturbed that the coins were displayed with alternate sides. Your coins are displayed identically to my own which removes my concern that somebody had removed at least 2 of them from their capsules at some time to display them as seen above.

There may be exceptions, but the modern sets I generally see pictured all display the same side of the coins, which fits in nicely with those of us who confess to having some OCD. My set is lacking the blue ribbon though - unless it’s tucked away behind the inner backing of the box, which I doubt. I’m 1001 away from you, with COA 1742.   

[KevjustKev]

On 21/06/2021 at 14:22, Dougall1 said:

I'm planning on keeping it long term 10 years plus in order to maximize it's value increase

I wouldn't set out to do that. It will not go lower than what you paid it, yet in 10 years you may have missed a spike in the market. I have a price in mind when I buy, and when I see that price I sell. Even if it goes higher later on, I will have reached my target.