Home Precious Metals

Are these worth buying -Great Britain Gold Sovereigns

1630Boston1630Boston Posts: 13,770 ✭✭✭✭✭

At $50 over spot?
.
Great Britain Gold Sovereign Coin – Queen Elizabeth II (1957-1968, BU)
ON SALE!

.

Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

Bad transactions with : nobody to date

Comments

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    That coin contains a quarter ounce of gold... about $440 at current melt. I do not know what the collector premium is now... You could research that. Cheers, RickO

  • RobMRobM Posts: 524 ✭✭✭
    edited November 18, 2022 10:24AM

    0.2354 troy ounces of gold in British sovereigns. Most of these are traded at modest premiums only. So if spot were $1750, a $50 premium would result in a price of $462. Meanwhile, 1/4oz AGEs are listed by major bullion dealers for around $120 over spot.

  • 3stars3stars Posts: 2,278 ✭✭✭✭✭

    Selling on APMEX for $462

    Previous transactions: Wondercoin, goldman86, dmarks, Type2
  • blitzdudeblitzdude Posts: 5,278 ✭✭✭✭✭

    $50 over spot translates into over $200 premium per ozt. Very pricey imo, there was a time not too long ago when sovereigns could regularly be had at spot. That said premiums are currently very high on everything. It seems like even just a month or so ago you could find Sovereigns for $20-$25 over. The premium has doubled since then. I'd personally hold out for a better deal but then everyone's situation / goals etc. are different. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • 1630Boston1630Boston Posts: 13,770 ✭✭✭✭✭

    Thanks @blitzdude

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

  • USMC_6115USMC_6115 Posts: 2,942 ✭✭✭✭✭

    Ebay seems to be around $460+ as well..

  • jclovescoinsjclovescoins Posts: 1,848 ✭✭✭✭✭

    They can still be bought at spot or very close. I sold some a little while ago and that’s all anyone would pay

Sign In or Register to comment.