1964 Gold Sovereign has big scratches, should I return and ask for a replacement? advice needed

[Gordy]

8 hours ago, AliAhmed said:

Hello,

Thank you all for your advice much appreciated.

Excellent customer service from HGM, they replaced the sovereign with a 2015 one.

I have to say that I don't like the newer sovereigns, they look like copper - I much prefer the older ones that actually look like Gold !

Being a new stacker I was a bit reluctant buying from the forum as I don't know how to actually test a sovereign, but I am sure there are many trustworthy sellers in this forum.

Can anyone point me in the right direction? 

 

Thank you

 

Buying off here from established members is the way to go as you get to see clrear photos of the ACTUAL coin you are buying, no pot luck like with 'brest buy' from dealers..

[ChardsCoinandBullionDealer]

On 16/10/2023 at 16:03, AliAhmed said:

Hello guys,

I just received my first best value gold sovereign from HGM and there are a few big scratches, please see picture below

They look deliberate and not from wear and tear, should I be concerned about the scratches? 

Would I be able to return and request for the sovereign to be replaced?

Any advice would be appreciated.

 

Thank you

The coin you received would have been classed as “Grade C” at https://www.chards.co.uk/gold-sovereign-secondary-market-grade-c/3351 

Most dealers will have a threshold when it comes to condition of bullion coins.

At Chards, ours is one we have consistently used for almost 60 years. We have noticed that many newish dealers, including scrap gold buyers, jewellers, and pawnbrokers, appear to operate a very low threshold for bullion coins. 

Price comparison of “our choice” secondary market bullion sovereigns is often not a fair like-for-like comparison, because of our quality threshold standards compared with most of our competitors. We often get to see sovereigns offered to us by people who have originally bought them elsewhere. These often include damaged, scratched, highly polished coins, mainly ex-jewellery, and also fakes. We usually ask owners/sellers where they bought them from, and a high proportion name a small number of apparently reputable sources. 

[Coverte]

That big X is deliberate IMO.

He played an away match and his wife found out