What makes this worth £5k plus 1917 Sovereign?

[Dakaras]

Just watching an auction this 1917 sov went for mad money, any idea why? 

[Foster88]

It looks like it’s a London Mint sovereign or a questionable London Mint Sovereign.

There are very few that survived the melting pot to pay for war debts.

[Dakaras]

1 minute ago, Foster88 said:

It looks like it’s a London Mint sovereign or a questionable London Mint Sovereign.

There are very few that survived the melting pot to pay for war debts.

Thank you, a 1912 just went 380 so was baffled

[Foster88]

Do you have a link to the auction? The photo looks a bit blurry but something seems a bit off with that sovereign.

One sold on The Coin Cabinet auction for £22,000.

 

[Seasider]

George V 1917 gold sovereign - this lot is sold without buyer’s premium, the hammer price is the pri (easyliveauction.com)

The 7 in the date looks a little off to me but for someone's sake let's hope it is real.

Coin Cabinet have a graded one in the next auction

[Dakaras]

Well only had the one win but a 1/10 for well under spot I'll take 😁

[GoldDiggerDave]

Only 19 in the NGC population same again for PCGS  report 

https://www.ngccoin.uk/census/world/great-britain-1902-1970/sc-344/1sov/

https://www.pcgs.com/pop/detail/george-v-1911-1936/4017

[LawrenceChard]

1 hour ago, Dakaras said:

Just watching an auction this 1917 sov went for mad money, any idea why? 

 

1 hour ago, Foster88 said:

It looks like it’s a London Mint sovereign or a questionable London Mint Sovereign.

There are very few that survived the melting pot to pay for war debts.

 

57 minutes ago, Foster88 said:

Do you have a link to the auction? The photo looks a bit blurry but something seems a bit off with that sovereign.

One sold on The Coin Cabinet auction for £22,000.

 

As @Foster88 asked:

Do you have a link to the auction?

That way, some people can see what it's about and have a stab at answering your question.

😎

[Britannia47]

My Marsh/Hill says R5 (5-10 examples estimated to have survived) although my 1980 Marsh says 9-14.

[Dakaras]

2 minutes ago, LawrenceChard said:

 

 

As @Foster88 asked:

Do you have a link to the auction?

That way, some people can see what it's about and have a stab at answering your question.

😎

https://www.easyliveauction.com/catalogue/lot/71aaf1226d4c55e1ec86a7f5f0984f14/0af8d24542e81eb9357e7ef448a6646f/gold-coin-auction-no-buyers-premium-or-online-bidding-f-lot-40/

 

Thank you

[sovereignsteve]

oh dear, not looking good

[LawrenceChard]

6 minutes ago, Dakaras said:

https://www.easyliveauction.com/catalogue/lot/71aaf1226d4c55e1ec86a7f5f0984f14/0af8d24542e81eb9357e7ef448a6646f/gold-coin-auction-no-buyers-premium-or-online-bidding-f-lot-40/

 

Thank you

Typical c**p quality photos.

Even so, it looks like a fake.

Auction houses like this should not be in business.

I sent them the followiing e-mail:

Dear sirs,

 

https://www.easyliveauction.com/catalogue/lot/71aaf1226d4c55e1ec86a7f5f0984f14/0af8d24542e81eb9357e7ef448a6646f/gold-coin-auction-no-buyers-premium-or-online-bidding-f-lot-40/

 

Despite the poor quality photos, this appears to be an obvious counterfeit.

 

Is there any reason you did not state this in the description?

 

Regards,

Lawrence Chard

Chard (1964) Limited
32 - 36 Harrowside
Blackpool
FY4 1RJ
England, UK.

Tel 0044 (0)1253 343081

www.chards.co.uk

😎

 

[Foster88]

14 minutes ago, Dakaras said:

https://www.easyliveauction.com/catalogue/lot/71aaf1226d4c55e1ec86a7f5f0984f14/0af8d24542e81eb9357e7ef448a6646f/gold-coin-auction-no-buyers-premium-or-online-bidding-f-lot-40/

 

Thank you

That’s awful. 😕

[Dakaras]

Wow! Thank you all, not a great bargain after all.

[LawrenceChard]

2 hours ago, Dakaras said:

Wow! Thank you all, not a great bargain after all.

I wonder if or when the buyer will find out?

😎

[Petra]

There appears to be a lot for sale on line in the hundreds! However bullionbypost seem to have had on that sold for just over £10,000.

[Petra]

3 hours ago, Dakaras said:

Well only had the one win but a 1/10 for well under spot I'll take 😁

I missed that one as I had put a bid in for a later coin … then missed out on that one!🙁

[LawrenceChard]

2 hours ago, LawrenceChard said:

Typical c**p quality photos.

Even so, it looks like a fake.

Auction houses like this should not be in business.

I sent them the followiing e-mail:

Dear sirs,

 

https://www.easyliveauction.com/catalogue/lot/71aaf1226d4c55e1ec86a7f5f0984f14/0af8d24542e81eb9357e7ef448a6646f/gold-coin-auction-no-buyers-premium-or-online-bidding-f-lot-40/

 

Despite the poor quality photos, this appears to be an obvious counterfeit.

 

Is there any reason you did not state this in the description?

 

Regards,

Lawrence Chard

Chard (1964) Limited
32 - 36 Harrowside
Blackpool
FY4 1RJ
England, UK.

Tel 0044 (0)1253 343081

www.chards.co.uk

😎

 

I received a reply:

Eastbourne Auctions Enquiries	20:04 (34 minutes ago)
to me

 

 

 

 

 

 

 

 

 

Hello

Thank you for emailing us

Please help us to understand - what makes this a fake?

Kind regards

 

 

Auctioneers & Valuers of Fine Art, Antiques & Collectables

 

Auction House, Finmere Road, Eastbourne, BN22 8QL

Telephone:    +44 (0)1323 431444

www.EastbourneAuction.com

Which is actually quite hopeful, but as I did not have a spare hour to talk them through the awful photos, I replied:

"Dear Sirs,

 

It would be easier to point a few things out if the photos were not so bad.

I suggest you compare it with a few genuine coins, or find a local numismatic dealer to ask.

Have you looked the coin up in a Spink catalogue,or Coin Year Book?

Regards,

Lawrence Chard

 

[modofantasma]

19 minutes ago, LawrenceChard said:

Lawrence Chard

At least it seems promising that they replied and aren't denying the possibility that it could be fake. 

[CollectForFun]

Actually, somewhat to the auction house's credit, it could be argued that they clearly indicated by their low estimate for such a rare coin that they didn't believe the coin to be genuine and so worth just the gold content. I know, probably it was not intentional and the auction house simply had no idea. But the warning sign of low estimate was there, just the bidders thought they knew better, as usual.

Also, the terms of the auction are such that anyone who offered so much money under such conditions for this lot almost deserved to be fooled...

Quote

Each Lot as set out in the catalogue ... is sold with all faults, imperfections and errors of description and neither the Vendor nor the Auctioneers are responsible for the authenticity, attribution, genuineness, origin, authorship, date, age, period, condition or quality of any lot. 

 

[Petra]

1 minute ago, CollectForFun said:

Actually, somewhat to the auction house's credit, it could be argued that they clearly indicated by their low estimate for such a rare coin that they didn't believe the coin to be genuine and so worth just the gold content. I know, probably it was not intentional and the auction house simply had no idea. But the warning sign of low estimate was there, just the bidders thought they knew better, as usual.

Also, the terms of the auction are such that anyone who offered so much money under such conditions for this lot almost deserved to be fooled...

 

Well there was at least two people who thought that they would get a bargain! You will find that in their small print that the auction house is liable for nothing 

[Dakaras]

4 minutes ago, CollectForFun said:

Actually, somewhat to the auction house's credit, it could be argued that they clearly indicated by their low estimate for such a rare coin that they didn't believe the coin to be genuine and so worth just the gold content. I know, probably it was not intentional and the auction house simply had no idea. But the warning sign of low estimate was there, just the bidders thought they knew better, as usual.

Also, the terms of the auction are such that anyone who offered so much money under such conditions for this lot almost deserved to be fooled...

 

I did think the estimate ment they couldn't have known. 

[Petra]

Just now, Dakaras said:

I did think the estimate ment they couldn't have known. 

Auction house estimates rarely mean anything. They are always putting very low estimates on items that go for loads. They all do it, has no relevance as to what they really think the item is and may make.

[LawrenceChard]

1 minute ago, Dakaras said:

I did think the estimate ment they couldn't have known. 

Which means that they weren't doing much of a good job for the seller.

If genuine, it might be worth £10K depending on condition, which is also difficult to tell from the "snaps".

Didn't know, didn't care!

 

[Dakaras]

1 minute ago, LawrenceChard said:

Which means that they weren't doing much of a good job for the seller.

If genuine, it might be worth £10K depending on condition, which is also difficult to tell from the "snaps".

Didn't know, didn't care!

 

I did also think that, 2 minutes to look a coin up in Spink, would have then warranted investigation