1874 London G&D Douro shipwreck sovereign value

[paulmerton]

Just out of curiosity more than any other reason, but what would this 1874 London G&D sovereign - recovered from the Douro shipwreck - be worth in this condition?

[Zhorro]

It should be worth a premium, but what evidence have you got that it is from the Douro wreck?

[paulmerton]

1 minute ago, Zhorro said:

It should be worth a premium, but what evidence have you got that it is from the Douro wreck?

[Spyder]

The premium is all in that certificate and not the coins. 

[paulmerton]

Just now, Spyder said:

The premium is all in that certificate and not the coins. 

I would have thought an 1874 London sovereign would carry a bit of a premium even if it hadn't been under the sea for 100+ years!

[Spyder]

Just now, paulmerton said:

I would have thought an 1874 London sovereign would carry a bit of a premium even if it hadn't been under the sea for 100+ years!

We are talking about the extra added premium

[paulmerton]

I am also curious to know what a non-Douro 1874 London would be worth to be fair 🤣

[Orpster]

7 minutes ago, paulmerton said:

I am also curious to know what a non-Douro 1874 London would be worth to be fair 🤣

I have two, paid around £400 for both, neither is fantastic though and I did get lucky picking both up from bullion listings

I would pay a very good price for an 1874 Shield, which I do not have.

  

  

 

[paulmerton]

Just now, Orpster said:

I have two, paid around £400 for both, neither is fantastic though and I did get lucky picking both up from bullion listings

I would pay a very good price for an 1874 Shield, which I do not have.

  

  

 

Those look very nice! And a great price for a relatively low mintage year.

[dicker]

I collect shipwreck coins so they are worth more to me than others.  

I would in the 410-420 range but prefer graded for many shipwreck coins - provenance is everything.

 

 

[Spyder]

Has that certificate got its own specific number?  I ask this because say someone had those coins graded and if certificate number is not added to the slab. What is for someone dubious to get another couple of sovereigns that minted within that time scale and get graded again and so round and round it goes

[paulmerton]

Just now, Spyder said:

Has that certificate got its own specific number?  I ask this because say someone had those coins graded and if certificate number is not added to the slab. What is for someone dubious to get another couple of sovereigns that minted within that time scale and get graded again and so round and round it goes

It is a numbered certificate (x/500).

[Spyder]

7 minutes ago, paulmerton said:

It is a numbered certificate (x/500).

I understand that, but unless the grading company writes that on the slab or takes note of the certificate number, what is you or whoever not to use it again with other coins, lets say 1st at NGC and next at PGCS.  Obviously, you be asking for the certificate back from the grading company. When I say you, it the plural you and NOT specifically you. 

Edited February 8 by Spyder

[paulmerton]

1 minute ago, Spyder said:

I understand that, but unless the grading company writes that on the slab or takes note of the certificate number, what is you or whoever not to use it again with other coins, lets say 1st at NGC and next at PGCS.  Obviously, you be asking for the certificate back from the grading company. When I say you, it the plural you and NOT specifically you. 

I would hope that they keep a note of the certificate numbers! Do you know anything about this @GoldDiggerDave?

[paulmerton]

Damn, even more food for thought now... should I grade it?!

[GoldDiggerDave]

4 minutes ago, paulmerton said:

I would hope that they keep a note of the certificate numbers! Do you know anything about this @GoldDiggerDave?

Yes the NGC did take a copy of my COA, they won’t submit without..

These are mine,  

I do these YT shorts as they are quick to film and handy for reference

 

[GoldDiggerDave]

I’ve seen graded Douro sovereigns sell for £700-£800 retail. 

[paulmerton]

1 minute ago, GoldDiggerDave said:

I’ve seen graded Douro sovereigns sell for £700-£800 retail. 

I feel I must automatically like this as it is the highest answer so far 🤣

[refero]

1874 G&D London sovereign is a rare coin if in au58 / above grading/condition.

I wouldnt pay any specific premium for a low grade one, like a gVF fine.

Some people love coins from shipwreck but as already stated the certificate has to be linked to the coin somehow, otherwise it pretty much a piece of paper..

[Spyder]

34 minutes ago, GoldDiggerDave said:

Yes the NGC did take a copy of my COA, they won’t submit without..

These are mine,  

I do these YT shorts as they are quick to film and handy for reference

 

What if you use the same certificate with PCGS, would they know. This is why I think the certificate number should be added to the slabbed coin

Edited February 8 by Spyder

[refero]

A coin cabinet G&D 1874 sovereign, just saying, has been sold for 430 gbp (gVF condition). i guess that's an older auction as i see 0% buyer's premium

Edited February 8 by refero

[paulmerton]

I know my photos aren't the best, but anyone want to hazard a guess on the grade for mine?

[refero]

Very fine

i'd say

[Spyder]

Looks a lot worse than Dave's and his only got AU58 grade. Yours might get XF45

[pricha]

I bought a sovereign once ,can't remember where from and oddly it came in a folder and a certificate claiming Douro shipwreck.  I kept the coin and threw the stuff in the bin.  It might have been genuine shipwreck or not but it never bothered me . Personally I never understood why they attract a premium.  Quite interesting but not worth paying double the value for. Basically I think you're paying extra for a fancy folder and a certificate.