Value of gold Philharmonics and Sovereigns at time of sale?
cinque1543
Posts: 115 ✭✭
I notice that when it comes to gold coins, Austrian Philharmonics and British Sovereigns have much lower premiums than Eagles, Buffalos, Maple Leafs and Krugerrands. But what happens at time of sale? Do sellers get at least spot for their Philharmonics and Sovereigns?
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check ebay's completed sales to get an idea.
At the moment all those gold coins, 1 oz, random years, are likely to yield slightly under the spot price of gold if selling to a major billion dealer.
Buy with as little premium as possible. You won't get the premium when selling. You could have a run over in a parking lot Canadian maple leaf and it will fetch the same.
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I think a damaged Maple Leaf like that would definitely sell for a reduced (negative) premium. But not by a lot. Maybe $50 less than an undamaged coin.
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Not the quotes I am getting for 220 of them. Same price.
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Well, yes, a quantity deal like that would be a bit different.
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Depends on who you are selling to, current market conditions etc. Most dealers will certainly low ball you as it appears to be in their DNA so make sure to always shop around.
Assuming you are in the US Gold Eagles and Buffaloes typically carry higher premiums. I recently sold some ounces to payoff the mortgage. I received the same exact price for 1oz Maples, Krugerrands and Philharmonics. I had 2 Eagles in the mix that I got an extra $20 each for but all of the coins were sold over spot. That was in Mid/Late Oct. when the market was just pushing through $2700 the first time.
I do have quite a few Sovereigns, European 20 FCs, Mexican pesos etc. I have not tried to sell any of these, but I always buy with the assumption I will receive melt or slightly back. Again, it all depends on the state of the market and who you are trying to sell to. RGDS!
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Does condition matter with bullion coins? In the case of the sovereigns and 20 FC’s you mention, if some are BU, others AU, and still others XF, do you get the same price at time of sale?
Dealers will generally offer the same, individual stackers will typically pay a bit more for BU over XF. My experiences anyway. RGDS!
Sovereigns can be sold for a premium. Sold Kings last month for melt +$18 to a dealer and Queen Victorias for melt +$10. They told me the demand is from the middle east where they are gold coin of choice during the current turmoil.
Interesting. Didn't know that. Thanks.