Are australian gold sovereigns a good investment?
Gold sovereigns minted in 1604 or before are highly desirable due to their scarcity and rarity value. Bigger and heavier than today's sovereign and made from purer 23-carat gold, their prices are not affected by the market price of gold and they can fetch thousands.
A Sydney Mint Type II Proof Gold Sovereign (1857 – 1870) is a $125,000 to $500,000 item. A Veiled Head Proof Gold Sovereign is priced between $80,000 and $125,000.
The short answer is yes, the Sovereign is a good investment, one that thousands of British investors purchase every year. The British gold Sovereign as we know it today was first minted in 1817 as a legal tender one pound coin for circulation in society.
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1871-1887 Young Head Victoria Sovereigns were printed by the Royal Mint and its Australian branches, thus their quality is 100% guaranteed. They are the ideal option for your investment portfolio as most issues are available in abundance and sell for a small premium.
Since the Sovereign carries a numismatic value as well, as its value in gold, it's best to sell your Sovereign gold coins to a reputable gold dealer. This will ensure you receive a fair price that reflects the gold content and the numismatic value of the coin.
The 1920 Sydney Mint Sovereign is legendary. It is Australia's rarest sovereign with only three circulating examples privately held. (And one struck to Specimen/Proof quality).
Gold sovereigns minted in 1604 or before are highly desirable due to their scarcity and rarity value. Bigger and heavier than today's sovereign and made from purer 23-carat gold, their prices are not affected by the market price of gold and they can fetch thousands.
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Buying in bulk?
| Quantity | Each (VAT free) | Total (VAT free) |
|---|---|---|
| 10+ | £396.63 | £3,966.30 |
| 20+ | £395.59 | £7,911.80 |
To prevent unnecessary damage, make sure to store your coins in a dry area. Gold coins do best in the dark, so keep them away from both indirect and direct sunlight.
What is the rarest Queen Victoria sovereign?
The 200-year-old coin – struck in the year of Queen Victoria's birth – is believed to be one of just 10 that still survive in the world. The George III sovereign was one of only 3,574 minted in 1819 (even the rarest coin in circulation today, the Kew Gardens 50p, had a mintage figure of 210,000).
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The total mintage figure for the 1887 Victoria Coin from all mints is about 3 million. Due to its intrinsic value as a gold coin (or its bullion value as it's also known), the 1887 Victoria Coin is not easy to find. The highest price on eBay, as of 2019, was £1,786.85.
Unlike stocks and bonds, a purchase of gold is not an investment in company growth. You won't get dividends or interest from tangible gold. You may have to wait years for gold to go up in value.
17) Can you spend a gold Sovereign
Yes! Gold Sovereigns have a face value of £1, which means shopkeepers would have to accept it as legal tender.
Dealers might pay about £40 for a gram of gold, so scrap value can be about £290. But another key appeal of a Sovereign is that it is deemed to be legal tender, which exempts investors from capital gains tax on any rise in value. As with all investment-grade gold, there is also no VAT to pay.
| Date | Mint | Price $ |
|---|---|---|
| 1912 | L | $560 |
| 1912 | M | $585 |
| 1912 | P | $575 |
| 1912 | S | $585 |
How much is the scrap value of a sovereign? In 2019, the average selling price that we would buy your sovereign for at Warwick & Warwick was between £180 to £200. Sovereigns are often traded using the term 'spot' or 'scrap' value.
The 'ping' test, as this is commonly known, allows us to tell if a coin is made from real or fake gold by listening to the sound it makes when struck. Precious metals will make a long, high-pitched ringing sound when struck as opposed to base metals, whose respective sounds will be duller and much shorter.
Sovereigns could be produced at one mint, two mints or at all mints, and when enough coins were thought to be in circulation no sovereigns were produced at all. A complete collection of Australian Gold Sovereigns 1855 to 1931 from the Melbourne, Sydney & Perth Mints has 190 coins in total.
Are gold Sovereigns pure gold?
Gold Sovereign (2019)
The coin features the traditional St George and the dragon design on its reverse side and bears the portrait of Her Majesty the Queen on the obverse. Brand new 2019 gold sovereign coins available at low premiums ideal for investment. Sovereigns weigh 7.98g and contain exactly 7.3224g of pure gold.
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Our pricing* (estimated)
| Quantity | Unit Price |
|---|---|
| 1 | £371.79 |
| 2+ | £371.24 |
| 5+ | £370.42 |
| 10+ | £369.05 |
The weight of a gold Sovereign is 7.98 grams, with a pure gold content of 7.32240 grams. The remaining weight is copper, which gives Sovereign coins their distinctive reddish hue - similar to Krugerrands. All Sovereigns have a fineness of 916.7, meaning out of 1000 parts, that is how many are pure gold.
The coin was named after the English gold sovereign, which was last minted about 1603, and originated as part of the Great Recoinage of 1816. Many in Parliament believed a one-pound coin should be issued rather than the 21-shilling guinea that was struck until that time.
| Date | Mint | Price $ |
|---|---|---|
| 1912 | L | $560 |
| 1912 | M | $585 |
| 1912 | P | $575 |
| 1912 | S | $585 |
| Date | Mint | Price $ |
|---|---|---|
| 1901 | L | $600 |
| 1901 | M | $585 |
| 1901 | P | $695 |
| 1901 | P | $600 |
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Buying in bulk?
| Quantity | Each (VAT free) | Total (VAT free) |
|---|---|---|
| 10+ | £396.69 | £3,966.90 |
| 20+ | £396.34 | £7,926.80 |
Just like stocks and shares, the price of British gold sovereigns will rise and fall. But the main advantage they hold when investing in them is that they will ALWAYS boast a real and permanent value – unlike some shares or crypto currencies.
