I have some Gold Sovereign coins, and I'd like some advice on how to transfer them into cash. I can post them on EBay, sell them at a coin auction (e.g., Heritage Auctions), take them to a local coin dealer, contact a UK coin dealer on the web, or try to find a private individual to buy them. The coins have been graded by PCGS...see the picture below. They were rated R2 and R3. I've researched the coins using Michael Marsh's "The Gold Sovereign", copyright 1980 and Marsh's Golden Jubilee Edition 2002. I've also checked prices of sovereigns sold online. All suggestions are appreciated. Hanz See Attachment
Welcome to CT! Sell them to whoever offers you the most money. I would probably put them up on eBay or use Heritage. :welcome: TC
probably heritage or teletrade for best price though you might get lucky on e-bay some real bidiots out there
Hanz - The answer to your question depends greatly on your situation. For example, selling the coins on Heritage could take up to 3-6 months because Heritage doesn't just add your coins to any old auction. They wait and put them in the best auction where those particular coins are likely to bring the best price. And that could take a while before one of those auctions comes along. You also have to have a minimum $5000 consignment before Heritage will work with you. Selling in ebay, while it can be done, has its own set of issues. For example, if you have no previously established ebay presence and a good reputation, meaning you have never sold on ebay before, then many bidders will be reluctant to buy from you because they don't know you or have any trust in you. (there are a lot of crooks on ebay) And so as a new ebay seller it may take a few weeks for you to sell your coins, and they will likely bring low prices because you have no presence there. And you may have to deal with a few non-paying buyers as well, or a few who buy only to return the coins to you for a refund. So your best bet may be to just sell to a dealer, especially if time is an issue and you need or want the money right away.
Well, I'm not saying that Marsh's book is wrong in regard to rarity ratings, honestly I have no idea if it is or not. But what I have found through my research on books in general is that when it comes to rarity ratings, the books often are wrong and the coins are lot more common than the books say there are.
welcome to the board .... i agree with most of the members here ... scare doesnt mean rare .... by the way nice looking coin .... :smile
