Price guidance needed- 1918 Bombay Mint Sovereign MS grade

[muneeb]

Hi there,

Im interested in purchasing a 1918 Bombay Mint Sovereign in ms grade, What is the maximum I should pay for this coin?

any guidance would be appreciated please 

Kind regards

mb

[dicker]

Use this as a guide...

 

[sovereignsteve]

IMO it is pushing it to say that coin is MS, but close. The sale  price quoted above is about right.

[muneeb]

On 25/08/2021 at 13:59, dicker said:

Use this as a guide...

 

Thank you!:)

[Foster88]

@muneeb If you’re looking for a 1918 sovereign in MS grade, you could always look to buy one already graded by PCGS or NGC.

There are plenty around already graded or put a ‘want’ post in the Buy & Sell section of the forum.

[muneeb]

14 minutes ago, Foster88 said:

@muneeb If you’re looking for a 1918 sovereign in MS grade, you could always look to buy one already graded by PCGS or NGC.

There are plenty around already graded or put a ‘want’ post in the Buy & Sell section of the forum.

Thank you for that. How much do they usually go for?

[Coverte]

8 minutes ago, muneeb said:

Thank you for that. How much do they usually go for?

You may wish to invest a little of your own time by searching through the relevant UK ungraded sales items, maybe by searching the forum using George V Sovereign first, then looking only at results within the sold items.

[muneeb]

3 minutes ago, Coverte said:

You may wish to invest a little of your own time by searching through the relevant UK ungraded sales items, maybe by searching the forum using George V Sovereign first, then looking only at results within the sold items.

Thank you for your help. I’ve been doing

that too, but get confused with the different conditions and grading etc.  For the same sovereign I get given different prices by people selling such as for a 2013 Bombay I got offered £509. 

[Coverte]

5 minutes ago, muneeb said:

Thank you for your help. I’ve been doing

that too, but get confused with the different conditions and grading etc.  For the same sovereign I get given different prices by people selling such as for a 2013 Bombay I got offered £509. 

 

Understood - I'm not convinced the 2 sets of images you have shown to date meet the MS criteria - quite.

From a dealer, you may have to pay close to the £500, but if you bide your time and temper your grade expectations a little, one could well pop up here at a saving of ~ £100+

[Foster88]

Have a look at past auction results from The Coin Cabinet and London Coins.

That should give you a good starting point and prices will vary depending on the grade. That is if you are looking to buy one already graded.

[pricha]

A few slabbed sold today in the £420 to £450 region. One lot of five MS64 for £2200

[LawrenceChard]

On 24/08/2021 at 23:32, muneeb said:

Hi there,

Im interested in purchasing a 1918 Bombay Mint Sovereign in ms grade, What is the maximum I should pay for this coin?

any guidance would be appreciated please 

Kind regards

mb

It would definitely be better to buy one in MS (Mint State), rather than the one shown in the photographs! 😎

Edited September 6, 2021 by LawrenceChard