I keep up with the price of gold and have just noticed that it is currently priced at £401.59 or $830-00 per troy ounce. now, if my calculations are correct then that makes my sovereigns (22 carat) worth £95-00 or $196-00 each in gold value alone. Will we see the 1st £100-00 sovereign this year?
I think we will ,nine yrs ago i bought 6 oz of gold bullion(maple leafs) when it was around $300 Oz so i'm pretty exited about the recent runup in price and resisting the temptation to cash in.
I disagree with that. About the worst mindset you can get into is the belief that you haven't made money or lost money until you sell. Assets, including coins, are worth what the market will pay for them. Market prices change over time, but that doesn't, or shouldn't, affect the assessment of value at a point in time.
if it's only worth melt and has no numismatic value, then the value is dictated by the current bullion price of the metal. i know of many coins that are only worth the value of the gold. -steve
Technically not a profit until or if i sell but i think of it as an increase in value of a very liquid commodity. "And, if he is anything like the rest of us", he'll wait too long to sell.Your probley right Frank but it's nice to know it's there if i need a quick $ 5 K
SS: Sure, but I hope that someone (you especially) beat the odds and sell at the top. I know I will will either sell way too early or way too late. The same as I did in 1980.
Gold was only above $800 for a couple of days back in 1980, so you really can't beat yourself up for not selling near the high. Practically nobody did, but many will claim to have done it.
