Bugger! Missed out on a 1989 Double Sov

[SovereignBull]

Can’t believe I missed this! Had it on my watch list and just logged onto bid after working out which sovereigns I could sell quick before bidding!

and it was sold for £1200! Pretty much £400 over a standard 2 sovereign!

I can’t help but think someone got a bargain

Was it anyone on here?

[James32]

That's about right for a PF69, there's been a few recently in that ballpark, don't see why there won't be more.

[NGMD]

Just now, James32 said:

That's about right for a PF69, there's been a few recently in that ballpark, don't see why there won't be more.

What he says.

[9x883]

I tried for the 200th anniversary double, but luckily lost!

[SovereignBull]

Thank goodness! What would going rate be for a non graded!? 
 

1989 for me at the mo is a bit of a grail coin as up until now I’ve only been paying maybe 10/15% over normal prices for my special dates.

I believe the standard sovereign carries a higher premium than the double. 

Just now, 9x883 said:

I tried for the 200th anniversary double, but luckily lost!

How much did that go for?

[9x883]

1 minute ago, SovereignBull said:

 

How much did that go for?

£1800 starting bid was £1750

[SovereignBull]

1 minute ago, 9x883 said:

£1800 starting bid was £1750

Ouch!

[Orpster]

13 hours ago, SovereignBull said:

Can’t believe I missed this! Had it on my watch list and just logged onto bid after working out which sovereigns I could sell quick before bidding!

and it was sold for £1200! Pretty much £400 over a standard 2 sovereign!

I can’t help but think someone got a bargain

Was it anyone on here?

I see these go for around this all the time mate, ballpark seems to be about £1150-1400 for both raw and PF69 or less

Edited January 22 by Orpster

[Sparky99]

What auction was this? 

[SovereignBull]

It was coinsoftherealm auction. You can download the app on the App Store.

[Sparky99]

Thank you 😀

[cjbcomm]

An ungraded proof 1989 double sold for £1100 on COTR auction today.

Interestingly enough a single ungraded proof went for £1800?

These prices seem about the right ball park??

[James32]

1 minute ago, cjbcomm said:

An ungraded proof 1989 double sold for £1100 on COTR auction today.

Interestingly enough a single ungraded proof went for £1800?

These prices seem about the right ball park??

They do yes, although I'd personally grab a graded PF70 full sovereign for around the £1900 mark

[SovereignBull]

2 minutes ago, cjbcomm said:

An ungraded proof 1989 double sold for £1100 on COTR auction today.

Interestingly enough a single ungraded proof went for £1800?

These prices seem about the right ball park??

If I get the opportunity to buy a double around a £1000 I will be very happy! I’ll be putting out requests at the end of Feb!

[cjbcomm]

5 minutes ago, James32 said:

They do yes, although I'd personally grab a graded PF70 full sovereign for around the £1900 mark

The design works really well in a double and a one off design inflates the prices I'm sure. Weren't exactly a limited run with mintages similar if not higher than other years. 

Guess the market dictates but prices seem heavy enough

6 minutes ago, SovereignBull said:

If I get the opportunity to buy a double around a £1000 I will be very happy! I’ll be putting out requests at the end of Feb!

With doubles cheaper than singles then seems a good buy..... good luck with finding a nice one for £1k 😗

[dicker]

I think lots are from sets that are broken up (sadly). Plenty of collectors only want the Sov.

 

[cjbcomm]

5 minutes ago, dicker said:

I think lots are from sets that are broken up (sadly). Plenty of collectors only want the Sov.

 

Guess that explains the premium. Couldn't see myself spending £2k on a modern sov with such high mintage but the double about makes sense.... still a decent premium but a lovely coin in that size

[SovereignBull]

Just now, cjbcomm said:

Guess that explains the premium. Couldn't see myself spending £2k on a modern sov with such high mintage but the double about makes sense.... still a decent premium but a lovely coin in that size

For me if a coin is too expensive for my pocket I can justify going to a half/quarter just so I can at least have one copy of the design in my collection. Oddly in the case of the 1989 the Double seems to offer most bang for your buck!

[cjbcomm]

12 minutes ago, SovereignBull said:

For me if a coin is too expensive for my pocket I can justify going to a half/quarter just so I can at least have one copy of the design in my collection. Oddly in the case of the 1989 the Double seems to offer most bang for your buck!

Doubles generally seemed to be somewhat unloved. Will try and pick up a few this year if and when funds allow!

[Kitalon]

I love double proof sovereigns, but then I collect £2 coins. 😄

I had the luck of picking up a 2002 golden jubilee double proof (PF69 before I removed it from the slab and took it back to the box) for only £850. I'll definitely be looking out for the '89 but would be unlikely pay over £1k for a (nearly) 1/2oz coin.

Edited January 30 by Kitalon

[cjbcomm]

30 minutes ago, Kitalon said:

I love double proof sovereigns, but then I collect £2 coins. 😄

I had the luck of picking up a 2002 golden jubilee double proof (PF69 before I removed it from the slab and took it back to the box) for only £850. I'll definitely be looking out for the '89 but would be unlikely pay over £1k for a (nearly) 1/2oz coin.

Doubles are my favorites' for sure.  Went a bit made and paid just over £1k for a proof 1989 but figured that wasn't too bad when the singles go for more 😁

On the basis there's not many years of bullion versions of the double then has to be proofs mainly but still think they're good value based on the premiums for single proofs.

I like a £2 coin but a shiny commemorative gold one 😉