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1900-1909 UK Edward VII Gold Sovereigns
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<p>[QUOTE="Ian, post: 106265, member: 283"]OK unless your coins are the 1902 proof coin, these items are generally considered to be `bullion' (ie worth their actual weight in gold) and as such their `condition / grade' doesn't really figure much as to value unless they are in pristine condition, at which point they are worth a bit more as a collectors item.</p><p><br /></p><p>Now, their actual gold weight (0.2354 oz) falls just a tad short of 1/4 oz of pure gold. So it doesn't take much to figure out their bullion value. For example todays gold price (courtesy of xe.com) is $553.75. That makes 0.2354oz of gold worth exactly $130.35. These coins usually change hands at bullion + 5% or there abouts, so a figure of $140 is to me is nearer to the bottom line rather than the top end for current market conditions. Gold prices are very much on the rise at the moment with many people predicting it could soon reach the $600 mark (and then go even higher!). </p><p><br /></p><p>It depends how keen you are to sell, and like any market, prices can go down as well as up. Indeed, they can also plummet, so it is up to you to assess the validity of any advice that is given, but I think you would be most unwise to sell for less than $140 at this point in time.</p><p><br /></p><p>Ian[/QUOTE]</p><p><br /></p>
[QUOTE="Ian, post: 106265, member: 283"]OK unless your coins are the 1902 proof coin, these items are generally considered to be `bullion' (ie worth their actual weight in gold) and as such their `condition / grade' doesn't really figure much as to value unless they are in pristine condition, at which point they are worth a bit more as a collectors item. Now, their actual gold weight (0.2354 oz) falls just a tad short of 1/4 oz of pure gold. So it doesn't take much to figure out their bullion value. For example todays gold price (courtesy of xe.com) is $553.75. That makes 0.2354oz of gold worth exactly $130.35. These coins usually change hands at bullion + 5% or there abouts, so a figure of $140 is to me is nearer to the bottom line rather than the top end for current market conditions. Gold prices are very much on the rise at the moment with many people predicting it could soon reach the $600 mark (and then go even higher!). It depends how keen you are to sell, and like any market, prices can go down as well as up. Indeed, they can also plummet, so it is up to you to assess the validity of any advice that is given, but I think you would be most unwise to sell for less than $140 at this point in time. Ian[/QUOTE]
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