1959 sovereign MS66

[refero]

Following an interesting topic on slabbed QEII bullion sovs, i d like to know guys how much do you think is worth a 1959 sov slabbed in MS66; thanks in advance!!

[dicker]

The below is a guide. The example below is, I guess ok for an MS66 but not quite good enough for me to buy.m, and I certainly wouldn’t buy at that price point.

Equally, it is possible to buy very nice grade Gillicks including 1959’s for not that far from spot. 

It might just be my biased opinion but I don’t really think that grading adds that much to Gillicks - even at the higher grades, especially when they are relatively easily sourced in good condition    

Best

Dicker

 

 

https://auctions.thecoincabinet.com/lots/view/4-BOFU9/great-britain-elizabeth-ii-1959-gold-sovereign-pcgs-ms66-38045906

[GoldDiggerDave]

The 1959 at MS66 is a very attractive price. It won’t be that long before the price of a standard bullion coin will be within this price range.  
 

Suppose it’s a case of how early you get in, imo and I be been saying for a while Gillick sovereigns are under valued.

It’s good to have different options, ultimately you vote with your cash. 
 

In terms of grading the primary goal is always to add value, but there are other reason way someone would  grade a coin, they present nice , easy to get out and handle without the fear of damaging a coin,  it makes secondary market sale easier as the buyer has more confidence in what grade they are buying and potential quicker sales for the owner. 
 

Also they serve as a good benchmark in your own collection and help you get a better  feel for grading you own coins, it’s helpful to have a spread of grades within a run of coins Victoria young heads for example so when you have a loose sovereign of the same type you have a real point of reference you can see with your own eyes.  


 

 

[SilverJacks]

Great points raised.

Alternatively - https://auctions.thecoincabinet.com/lots/view/4-59YKVU/1959-gold-sovereign-ngc-ms-66-6319468-006-agw02355-oz  - (probably an outlier)

I would hazard a guess at 650 ish

[refero]

thanks for your quick reaction; thing is that i have been "offered" with such a coin (which i already have in my collection) for the equivalent of 510 gbp. I m looking at this potential deal only as an opportunity for a future profit. I had a look at recent Coin Cabinet auctions and i found the very same results... few at 525-550 and a single, most recent, odd result a 950gbp. Hence my hesitation...