Gold Sovereign selling prices in the high street near you today

[Midasfrog]

These sovereign prices were seen in a UK high street Jewelers today.  They also had some 1oz Krugerrands a couple of weeks ago for £1550 but they have gone now . 

How do these prices compare with retail shops near you ?

[Bxlsteve]

Interesting topic, here you simply don’t find those coins in high street shops. 

[Petra]

Where I am there is one shop which sells coins amongst other collectibles, however they are usually proof at quite a high price. There are several pawn shops and one regularly has a variety of half sovereigns at £190 and full sovereigns at around £390. Occasionally they have the 1/8 etc from various seller.

 

[Petra]

The other thing though is how much do they pay for the coins?

[Midasfrog]

45 minutes ago, Petra said:

The other thing though is how much do they pay for the coins?

Will be several % under spot for sure 

[Midasfrog]

1 hour ago, Bxlsteve said:

Interesting topic, here you simply don’t find those coins in high street shops. 

I think most Jewelers just see sovereigns and coins as scrap bullion to be past onto their gold bullion dealer.

Most will view them as not a good look in the shop display window 

[BullionBuyerUK]

I just purchased an Edward vii half sovereign this morning from my local pawn shop. They have half sov's for £185 and full sov's for £360. They only had 2 full sov's as struggling to get hold of any.

There is another franchised pawn shop called Ramsdens that are selling them for £400 each

[ady]

Not quite cheap as chips!

[Divmad]

Not quite as cheap as on here, either, specially when comparing like for like condition.

[ady]

7 minutes ago, Divmad said:

Not quite as cheap as on here, either, specially when comparing like for like condition.

I was referencing Ramsdens (Harry) a famous chippy - just my off beat humour!

[GoldDiggerDave]

It's worth having a closer look at the coins and most jewellers don't have a clue what they are selling.  I've bought proof sovereigns for bullion.  Go in take a load of pictures and post here to see if there are any errors/ rare dates etc.   A 1859 Ansel or a 1863 (827)would  be a good buy for £525

Be very aware of Krugerrands as I've seen loads of fakes same for £5 Sovereigns.  

Edited April 1, 2022 by GoldDiggerDave

[Petra]

1 hour ago, BullionBuyerUK said:

I just purchased an Edward vii half sovereign this morning from my local pawn shop. They have half sov's for £185 and full sov's for £360. They only had 2 full sov's as struggling to get hold of any.

There is another franchised pawn shop called Ramsdens that are selling them for £400 each

Yeah, here they are £190 and £399

[Petra]

57 minutes ago, Divmad said:

Not quite as cheap as on here, either, specially when comparing like for like condition.

 

1 minute ago, Petra said:

Yeah, here they are £190 and £399

The 1966 full sovereign was really nice when looked at closer, they were until recently in quite a prominent place in the window, now they are hidden amongst the big gold jewellery 

[sovereignsteve]

6 hours ago, Midasfrog said:

These sovereign prices were seen in a UK high street Jewelers today.  They also had some 1oz Krugerrands a couple of weeks ago for £1550 but they have gone now . 

How do these prices compare with retail shops near you ?

I don't have any retail shops selling gold coins near me but those prices near you are way too high.

Unless you are looking for a bargain rare coin as previously mentioned, there is absolutely no reason to contemplate buying from high street shops. Not when you have TSF at your fingertips😉

[Midasfrog]

2 minutes ago, sovereignsteve said:

I don't have any retail shops selling gold coins near me but those prices near you are way too high.

Unless you are looking for a bargain rare coin as previously mentioned, there is absolutely no reason to contemplate buying from high street shops. Not when you have TSF at your fingertips😉

Yes TSF is the best place to buy and sell without a doubt 😃

[modofantasma]

I don't venture near towns very often but haven't seen much bullion at all. A couple of antique and pawn shop type places have had a few silver coins in but not seen any bargains. There's a bullion shop I've visited and his prices are competitive with the 'big' online dealers usually around £10 over spot maybe a smidge over.

[Foster88]

An interesting thread.

Those prices seem quite high but it’s always worth looking.

I haven’t ever bought coins from a high street bullion shop or jewellers but if I saw any sovereigns, I’d stop to look. I’m sure most here would.

I think buying from coin shops in person is more popular in US than in U.K.

It’s all part of the fun in a way, spotting a rarity amongst the sovereigns in the window for a little over bullion price would be a good trip to the high street.

Edited April 2, 2022 by Foster88

[MickB]

My local bullion dealer in the High Street is more competitive than a pawn shop/cash converter around the corner from him. When he has a few sovereigns that have just come in, he checks the price against BBP website and then quotes their prices, this is when I quote other website prices back at him for the same sovereigns and we then agree a reasonable price with each other. 

[Midasfrog]

I wonder if having a few sovereigns in the window with high prices attracts people in selling their sovereigns hoping to get a better price .

Once in the shop it is harder for people to turn down a slightly lower price than expected all though a high percentage of the general public dont have a clue what the price of gold is and have never heard of spot price. So just getting any cash for the sovereigns found in their relatives house clearance is a result .

[Paul]

Always like a glance in a pawn brokers or jewellers window when im on my travels in the hope of a Saturday staff popping an original gold Una & Lion in the window for spot. Sadly not yet, I cant recall i have ever buying one piece in my decade plus of stacking. Always wayyyy way over priced items

My local Ramsdens had a +£500 premium over spot for a 1oz krugerrand the last time i past their shop in North East. Crazy ! 🤔   

Got a great bricks and mortar coin dealers in my local city, who always have a steady stock/supply of gold coins at reasonable sensible premiums, deal over the counter, can pick and choose, see conditions there and then, and they're happy to take cash.  I think i get good service as i always bring him in a coffee when i visit 

[TommyTwoShots]

I had a look in a few shops in Swansea. Sovs at 390, kilo silvers for ridiculous premiums.