Hansons Sovereign Auction

[Foster88]

I too saw this upcoming sale and the thing that makes me sad is that this might be the sale of a deceased collector. It may not and it may just be someone looking to liquidate an entire collection.

However, if it is a collection from someone recently passed, remember, tell your family what to do with your collection in the event that you’re not here or here and not able to tell them.

Selling via an auction house is certainly not what to do with it.

Edited January 17 by Foster88

[Spyder]

Having had a quick look at the selling prices and fees, the seller would have got about £215 with fees paid or if a deal was done without fees, they would have received on average £290 per sovereign.  Lets hope it was sovereigns from many sellers rather than from one probate sale. 

With 311 sovereign sold at average price of £290, that is a massive loss to the estate if it is probate.  

Why are people so quick to want to get the cash when with a little research could obtain a much better price. 

[Darr3nG]

9 minutes ago, Spyder said:

so quick to want to get the cash

Simple greed, same as it's always been

[Leonmarsh]

19 minutes ago, Darr3nG said:

Simple greed, same as it's always been

Get the bloody sovs sold he's bloody passed away so I can go on bloody holiday 

[blackadder]

1 hour ago, Spyder said:

Having had a quick look at the selling prices and fees, the seller would have got about £215 with fees paid or if a deal was done without fees, they would have received on average £290 per sovereign.  Lets hope it was sovereigns from many sellers rather than from one probate sale. 

With 311 sovereign sold at average price of £290, that is a massive loss to the estate if it is probate.  

Why are people so quick to want to get the cash when with a little research could obtain a much better price. 

Sometimes its the family arguing over the money,So they just want fast cash.

Saw four family members on one show that didn't want to leave the item to one.So ****ed around and sold this thing for like £100.

They wanted their cut even out of that lol

[cjbcomm]

1 hour ago, Spyder said:

Having had a quick look at the selling prices and fees, the seller would have got about £215 with fees paid or if a deal was done without fees, they would have received on average £290 per sovereign.  Lets hope it was sovereigns from many sellers rather than from one probate sale. 

With 311 sovereign sold at average price of £290, that is a massive loss to the estate if it is probate.  

Why are people so quick to want to get the cash when with a little research could obtain a much better price. 

Possibly knew nothing about the coins and trusted the autioneer?

Prices were about the right number for buyers when you add on the premiums

[Petra]

If it is an estate sale, remember, anyone who benefits…. cost them nothing!🤔🫢 (still a little stupid though)😮

[Foster88]

7 hours ago, Petra said:

If it is an estate sale, remember, anyone who benefits…. cost them nothing!🤔🫢 (still a little stupid though)😮

Which is why you should always instruct your family with clear instructions of what to do with your collection should the worst happen.

A possible thing might be to entrust a trustworthy fellow forum member to help a relative to sell a collection. Be that to just advise or even help them sell.

Lots to think about and many variables, of course, but it’s a possibility for many forum members.

It would surely remove the headache from the family and ensure that the forum members collection went for the right price to the right person.

Imagine having or being left a collection and not knowing:

A: What it’s worth.

B: It’s rarity.

C : How best to sell it.

Remember, your interest isn’t necessarily your family’s interest.

Edited January 18 by Foster88

[Spyder]

Now we know where all these sovereigns came from, would you believe it, a house clearance. No wonder they did not care what price they got.

https://www.thesun.co.uk/money/25422587/hidden-stash-gold-coins-worth-118k-found-chest/

[Coverte]

On 16/01/2024 at 15:42, Spyder said:

£340 plus com, so about £445. These Auction houses tend to charge about £18 postage on top unless you are local and can pickup.  

 

I know Lizzie at Lockdales as I often have to visit that area, so she will hold onto stuff for me until I'm back in that area.

If anyone buys anything there (unlikely given last sale prices!!) happy to collect and forward at cost.

[pricha]

Found in a sock draw by house clearance specialists.  After years debating on the forum the best place to hide coins,   now we know 😆 forget expensive safe deposit boxes.

Edited January 30 by pricha

[Ignorant]

For all we know the previous owner might have been single with no next of kin. The most recent coin of the stash was dated 2018. Perhaps the original owner succumbed to Covid. Perhaps they severed ties with all family members. Court appointed curators step in and everything gets catalogued and subsequently auctioned off.

It’s no different than people that make a living out of participating in storage locker auctions whose owners defaulted on their payments for whatever reason, which sometimes turnout to have a fortune in valuables. It’s just the luck of the draw.

Edited January 30 by Ignorant