Are the ultra low 2001-2009 Sovereign mintages for real?

[Divmad]

OK, I've invested in a revised copy of The Gold Sovereign Series, by Michael Marsh.

I've studied the mintage numbers for QEII and the "normal" state mintages for the years 2001-2009 run between 60,292 (2009) and a low of 27,628 (2007). Then there are even smaller numbers minted in proof state.

Are these low numbers really accurate? Or are they somehow just the sales by RM in a fancy box with a COA, but in BU state, and more released in just a plastic flip case, like they are now? I say this, because for the 2016 issue, Marsh (Steve Hill now) states a total of just 1,750 in normal state, but adding..."+bullion issue".

Anyone know?

 

[Stuntman]

I think they are almost certainly accurate.  Gold was fairly unloved and uncollected back then, because the price was low and many people didn't see the value.  The price only really started to get going in 2006-07 and then the financial crisis played a part in the change in the gold price trajectory from late 2007 to about 2012.

I have 2003-06 bullion sovereigns (won them as prizes in a previous sporting life) and I would certainly recommend buying any 2003-08 bullion sovereign at bullion prices (excluding the 2005 which will always command a slight premium), in case the collector/numismatic market subsequently places a premium on them because of their relative scarcity.

I would happily pick up a 2007 in particular.

Edited February 16, 2022 by Stuntman
clarifying about the 2005 - special reverse design...

[Foster88]

I think the 2004 might have been the lowest mintage, I haven’t got my copy of The Gold Sovereign to hand.

Edited February 17, 2022 by Foster88

[Stuntman]

2000	129,069
2001	49,462
2002	75,264
2003	43,230
2004	30,688
2005	45,542
2006	33,012
2007	27,628
2008	58,894
2009	60,292

[Divmad]

Yes, I know the figures. But are they accurate? Sales were in the millions in 1982 and before, and 250k+ from 2010.

[MJCOIN]

The number minted between 1983 to 1997 were even lower as they only issued proofs those years.

[jultorsk]

Hysshhhhhh....... 😬🤐😉

[sovereignsteve]

I think we need a well known North West bullion and coin dealer to input here?😉

Edited February 17, 2022 by sovereignsteve

[LawrenceChard]

17 hours ago, Divmad said:

OK, I've invested in a revised copy of The Gold Sovereign Series, by Michael Marsh.

I've studied the mintage numbers for QEII and the "normal" state mintages for the years 2001-2009 run between 60,292 (2009) and a low of 27,628 (2007). Then there are even smaller numbers minted in proof state.

Are these low numbers really accurate? Or are they somehow just the sales by RM in a fancy box with a COA, but in BU state, and more released in just a plastic flip case, like they are now? I say this, because for the 2016 issue, Marsh (Steve Hill now) states a total of just 1,750 in normal state, but adding..."+bullion issue".

Anyone know?

 

 

1 hour ago, sovereignsteve said:

I think we need a well known North West bullion and coin dealer to input here?😉

I can't think who that might be, but I would seriously doubt the 1,750 figure for 2016 bullion sovereigns, and suspect there is a missing zero or two.

I would have guessed that @ChardsCoinandBullionDealer would have handled at least 5,000 of them.

Perhaps the figure quoted is for "B.U.". A few years ago, the RM stopped publishing mintage figures for some of its bullion products, citing commercial sensitivity as the reason.

 

[BiigT]

I get that there are much fewer coins in 'circulation' but 27k sovs in 2007 is still a lot of coins for a standard design sov with nothing remarkable about the year or design. Will any of those years become sought after because of low mintage figures? I'd guess not in my lifetime. Maybe in 100 years, but I can't personally see it when there are so many other offerings out there.