closed 1857 Sovereign Young Victoria Shield AU58

[Rafal]

Good morning
 I am trying to help a friend to sell this beautiful coin.
He holds the coin.
 Preferably central London to meet and finish the transaction,
asking price £575 , £550 +post (if need it) , offers will be considered

thank you.

 

Edited July 17, 2023 by Rafal
Updated price

[Rafal]

hi , can I ask members if this price is good for that coin ? I need expert opinion please.

@James32

[James32]

5 minutes ago, Rafal said:

hi , can I ask members if this price is good for that coin ? I need expert opinion please.

@James32

I may be wrong but it feels too high for the grade. I'd ask the following members who know more than me about shields. 

@dicker @Orpster @ZRPMs @modofantasma @GoldDiggerDave @pricha

[modofantasma]

@James32 thanks for the tag, certainly more experienced in here than me but to start you off....

@Rafal

My price guide is a little out of date (Seabys 1965)

One sold in April same grade and year here

https://www.coinarchives.com/w/lotviewer.php?LotID=6289452&AucID=7264&Lot=30&Val=0351352b7b9c0c974542e3c49e45e3c8

Also some other sold prices on eBay though mostly ungraded examples

https://www.ebay.co.uk/sch/i.html?_from=R40&_trksid=p2334524.m570.l1313&_nkw=1857+gold+sovereign&_sacat=0&LH_TitleDesc=0&_odkw=1857+au58+sovereign&_osacat=0&LH_Complete=1&LH_Sold=1

[modofantasma]

Lovely coin, glws

[Rafal]

thank you gentlemen for help

[ZRPMs]

Graded coins. Only just falling in to that rabbit hole. I would have to bow down to others expertise. @GoldDiggerDave has given me some pointers on graded coins. @dicker has given some great advice on my early sovereigns so I'm sure he would be a fountain of knowledge on shield sovereigns. As @modofantasma pointed out I could only look for recent sold listings at auctions. All I could say is that it's rarity is normal. I had seen it earlier and thought it was about the retail price for an au graded shield.

[Rafal]

13 minutes ago, ZRPMs said:

Graded coins. Only just falling in to that rabbit hole. I would have to bow down to others expertise. @GoldDiggerDave has given me some pointers on graded coins. @dicker has given some great advice on my early sovereigns so I'm sure he would be a fountain of knowledge on shield sovereigns. As @modofantasma pointed out I could only look for recent sold listings at auctions. All I could say is that it's rarity is normal. I had seen it earlier and thought it was about the retail price for an au graded shield.

thank you @ZRPMs will have to rethink this price and discuss with the owner what he wants to do.

Edited July 16, 2023 by Rafal

[Rafal]

price reduce £550

[GoldDiggerDave]

@Rafal Hi the NGC price  guide can be helpful, 

https://www.ngccoin.com/price-guide/world/great-britain-sovereign-km-736.1-1838-1872-cuid-1169252-duid-1335113

With any NGC coin its always worth looking at the population reports as a mid grade coin may be more desirable in a lower portion of coins, the highest for this year is MS64 

https://www.ngccoin.com/census/world/great-britain-1816-1901/sc-349/1sov/?c=462103&des=MS&grade=58&from=ngcresearch

Price always comes down to two things supply and demand.   If this coin was raw in a retail situation I can see a dealer listing this for £600+ (but thats a dealer)   Chards have a raw one 1857 aVF/gVF for £807.63 

 

https://www.chards.co.uk/1857-gold-full-sovereign-victoria-london-mint/6741

 

 

 

[Rafal]

thank you so much @GoldDiggerDave

[pricha]

Agree its what people are willing to pay at any moment rather than it is graded therefore its £×××.  I'd have snapped it up in an instant a few month ago but unfortunately not at the moment. 

Edited July 17, 2023 by pricha

[Rafal]

47 minutes ago, pricha said:

Agree its what people are willing to pay at any moment rather than it is graded therefore its £×××.  I'd have snapped it up in an instant a few month ago but unfortunately not at the moment. 

thank you and appreciate your honest opinion.

[Orpster]

14 hours ago, James32 said:

I may be wrong but it feels too high for the grade. I'd ask the following members who know more than me about shields. 

@dicker @Orpster @ZRPMs @modofantasma @GoldDiggerDave @pricha

I have recently bought a couple of graded shields and one was an AU58:

I paid £500 for the 1881S in AU58, this is rated as scarce by Marsh with a mintage of 1.3m, though I would value it around £550 were I selling it.

The market for selling on graded or premium coins is a bit depressed at the moment, very much a buyers market I'm afraid.  I would say an 1857 would be a similar price to the 1881S above, as although it is not rated scarce 1850's do seem to sell well usually, where the colonials are a bit more niche and less popular.  I would usually be interested myself but while Tavex have the coronation sov's at the price point they do I will be buying those whenever I can and concentrating on bang for my buck.

[pricha]

I'd say people who collect slabbed coins go for the highest grade they can afford.. for the average Joe collector like myself , the slab only indicates its genuine , problem free and I would happily take it out of the holder but I wouldn't want to pay over for the plastic.  I'd really love this coin . I should stop looking. 😆 

[Rafal]

thank you all for help and opinion, I will be withdrawing tonight, 550 is the lowest he can do.

 

[TheSilverForum]

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