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


Lindeman

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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. 

 

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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). 

 

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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 

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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 :D 

Help thread for members new to silver/gold stacking/collecting

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15 minutes ago, ApisMellifera said:

I do like both reverse and obverse.

 

Me too

Technically, alcohol is a solution..

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15 hours ago, HelpingHands said:

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 ??? 

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