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<p>[QUOTE=&quot;Prestoninanus, post: 840392, member: 20205&quot;]If a customer was buying in bulk, a gold sovereign dealer would be selling them for less than $280 each (at the time of writing), and a 1912 London Sovereign in that kind of condition is likely to be the kind of coin that would be sent out as a bullion sovereign. </p><p>&nbsp;Specific sovs in a particular grade requested by a customer are sold at a higher price because of supply and demand. If a customer wants a 1912 Sovereign, and the dealer has one, he will want a price higher than that which he would accept for any old sovereign, due to both the extra work needed to give a customer a specific sovereign type, and also the fact that it is much easier to buy any sovereign than one in a particular grade/mintmark/year, which gives the dealer a certain amount of leverage in the transaction. </p><p><br /></p><p>Given all this, the only way you could really get a price better than spot for your sovereigns is to A) become a dealer yourself (so that people would seek you out rather than you seeking them out) or B) find or rather, stumble, accross a collector who happens to want a 1912 sovereign without minding that it is a bullion type grade and is therefore prepared to pay the premium. </p><p>&nbsp;I suppose the best advice I could give you if you see sovereigns primarily as an investment, rather than as something you want to collect, is to buy in bulk (so that you can get them for a lower premium) and do not try and buy them in specific dates/types, especially if they are fairly common. Or else buy ones at the higher end of the spectrum (high-grade and/or rare), although this is somewhat more risky (especially if you are not intimately acquainted with the market trends), as their value depends a lot more on collector demand, as tested by auctions and the experiances of established dealers, rather than their intrinsic value in gold, making them something more of a speculative investment...[/QUOTE]</p><p><br /></p>

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