Fair price for a 1989 proof Sovereign? The Tudor rose design.

[Lindeman]

Stumbled upon a nice (but not absolutely perfect) 1989 single proof 1989 500year anniversary sovereign today (with COA), asking price £475. Now I know these tend to hold a crazy premium (see some on eBAY offered BIN for nearly 1000£, or auction starting at £900) but I am just hesitating to pay well over twice the price of gold for this coin! 

Any advice ? Is that a steal, or still too high?  Must say I am tempted - as I don't think these coins surface very often (and I would like to compare it to the 2002 and 2005). 

Should I go for it? ..would be the highest premium on any coin I've bought, but it would probably retain its premium. Welcome everyone's opinion. 

 

[sovereignsteve]

Buy it (unless it's too tatty) and if you don't, let me know where and I'll buy it.

[MCJ]

Yes, I'd buy it as well, if in perfect condition, judging by the recent sold prices on ebay.

http://www.ebay.co.uk/sch/i.html?_from=R40&_sacat=0&_nkw=1989%20sovereign&LH_Complete=1&LH_Sold=1&rt=nc&_trksid=p2045573.m1684

 

Someone bought a box, capsule and COA for £199. No coin!!!!!

[sovereignsteve]

Prices do seem to have dropped a little recently.

[morezone]

Buy

[Lindeman]

Thanks guys! Pretty clear advice - I think it needs to be done; will probably be Tuesday before I pick it up. Will keep you all posted! Looks like £750 minimum for a good condition example - so I don't think I will lose money on this if I get it for 475 (or less). 

 

[Kman]

I suppose it depends on how "not perfect" it is

Are we talking just finger prints or also scratches? 

[Guest]

You have to ask why it is so cheap? I have sold 2 and had no problem getting over £800 each

Sent from my iPhone using Tapatalk

[Lindeman]

Got it for £430.  Posted on the "received" page...

happy with that ! 

[Kman]

2 hours ago, Lindeman said:

Got it for £430.  Posted on the "received" page...

happy with that ! 

You got a great deal

It's a beautiful design isn't 

[Lindeman]

Thanks Kman! Yes - lucky to have stumbled upon it, and lucky to have the money to buy it! Suffice to say I will be checking this local shop again from time to time to see what else they get in?! 

I have a Vic shield, a 2002 and a 2005 (still need the 2012), but yes - it's absolutely my favourite sov design - but only on the Tudor rose reverse.    I have to confess the Queen observe leaves me cold ...

is it only me that likes the reverse?? 

lindeman 

[Kman]

22 minutes ago, Lindeman said:

Thanks Kman! Yes - lucky to have stumbled upon it, and lucky to have the money to buy it! Suffice to say I will be checking this local shop again from time to time to see what else they get in?! 

I have a Vic shield, a 2002 and a 2005 (still need the 2012), but yes - it's absolutely my favourite sov design - but only on the Tudor rose reverse.    I have to confess the Queen observe leaves me cold ...

is it only me that likes the reverse?? 

lindeman 

I like the observe only in the fact it's something a bit different, but yes the rose reverse is the beautiful part  

[HelpingHands]

I think you need to stop messing about and find the original.

http://www.paulfrasercollectibles.com/news/coins-and-banknotes/gold-henry-vii-sovereign-valued-at-250-000-ahead-of-sale-at-spink/18657.page

 

[ApisMellifera]

It's one of my fav sov's and you got a great deal!! Congrats

I do like both reverse and obverse.

 

[Roy]

15 minutes ago, ApisMellifera said:

I do like both reverse and obverse.

 

Me too

[sovereignsteve]

me alos

[Lindeman]

15 hours ago, HelpingHands said:

I think you need to stop messing about and find the original.

http://www.paulfrasercollectibles.com/news/coins-and-banknotes/gold-henry-vii-sovereign-valued-at-250-000-ahead-of-sale-at-spink/18657.page

 

Now HH ....THAT is a serious collectors coin. I think I will admit my funds don't stretch to £250k. Maybe we can have a Forum whip-round and see if we can put in a cheeky offer for say £200,000 ???