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How to Sell Gold Sovereign Coins

Gold Sovereigns have been in circulation for over two centuries, making it one of the most popular iconic British coins with a large secondary market. The Royal Mint struck these coins, using 22-carat gold from the year 1817. They have now been put out of circulation and are available as a bullion investment coin. The iconic design of St George and the Dragon, created by Benedetto Pistrucci make these coins unmistakable and they are in great demand from numismatists and investors alike.

Gold sovereigns can carry hefty premiums depending on the monarch and the year. For example, the Young Head Victoria can fetch prices of around £300. There are even rarer ones like a proof set created for Edward VIII. A single coin from this set can command a price of £516,000. So, investors need to know how to sell these coins in order to maximise their profits.

How to Sell Gold Sovereign Coins
Selling a gold Sovereign can be very lucrative

Identifying a reputed online dealer

Since the Sovereign carries a numismatic value as well, as its value in gold, it’s best to sell your Sovereign gold coins to a reputable gold dealer. This will ensure you receive a fair price that reflects the gold content and the numismatic value of the coin. Members of the British Numismatic Trade Association (BNTA) are trustworthy. Going through a reputed dealer can get you access to a wider secondary market, increasing the chances of a quick sale at a good price. Preparing to sell is a key factor. If you want the best possible price, let the dealer know in advance that you want to sell your Sovereign coins. It’s important to let your dealer know about the complete details of all the coins you want to sell. You must decide on a timeline for the sale. This will help your dealer identify the right buyer and bring the coins into the market at a time when the best price can be achieved. Don’t be in a hurry to sell, unless you need the funds for an emergency. A distress sale is always likely to get you a far lower price.


Click here to download the FREE 10 Commandments when selling gold coins


Attempting a private sale

Some investors believe that they can get a far better price by arranging a private sale. But, be aware that it may not be possible for you to check the backgrounds of the buyers. It could be risky to have them visit your home. As an individual investor, it is unlikely that you will have a large network of interested buyers. So, you will be forced to depend upon only a few interested buyers who may have responded to your ad. Of course, it may also take a lot of time and effort to post your ads and reach out to the right audiences. A dealer would be far more adept at reaching out to interested parties.

Research your dealer well

You aren’t forced to sell through one dealer only. If you identify two or three reputed dealers, feel free to engage all of them. Doing your research means connecting with other investors and buyers in the marketplace. Find out all about a dealer’s reputation and background by speaking to other investors and viewing their ratings online.

Contact Physical Gold for the best way to sell your gold Sovereign

An effective way to properly market your gold Sovereign is to simply speak with our investment team. Physical Gold Limited is registered with the BNTA and have a long track record in providing exemplary service. Getting in touch with our team is easy. Simply call (020) 7060 9992 or visit our website to reach out to us.

 

Image credit: Wikimedia Commons

18 replies on “How to Sell Gold Sovereign Coins”

What is an 8g Magna Carta Sovereign worth? it is in mint condition and in original box with authentication.

Im wanting to sell my half sovereign gold ring a very solid ring ,can you tell me roughly how much it is worth.Regards Tom

Im wanting to sell my half sovereign gold ring a very solid ring ,can you tell me roughly how much it is worth.Regards Tom

Hi I have a Georgia’s vd 1913 half sovereign and a Edwards v11 1907 half sovereign can u tell me the value please

Hi I have a Georgia’s vd 1913 half sovereign and a Edwards v11 1907 half sovereign can u tell me the value please

It’s not a Queen Elizabeth coin of year 1900, It will be a Queen Victoria sovereign, a fair price would be around £340 as long as it weighs 8g, and is in reasonable condition

It’s not a Queen Elizabeth coin of year 1900, It will be a Queen Victoria sovereign, a fair price would be around £340 as long as it weighs 8g, and is in reasonable condition

It’s not a Queen Elizabeth coin of year 1900, It will be a Queen Victoria sovereign, a fair price would be around £340 as long as it weighs 8g, and is in reasonable condition

It’s not a Queen Elizabeth coin of year 1900, It will be a Queen Victoria sovereign, a fair price would be around £340 as long as it weighs 8g, and is in reasonable condition

It’s not a Queen Elizabeth coin of year 1900, It will be a Queen Victoria sovereign, a fair price would be around £340 as long as it weighs 8g, and is in reasonable condition

I wish to sell a 1913 sovereign
and a 1908 half sovereign. The latter is set as a (Maltese) gold ring. The ring itself is not hallmarked.
An rough estimate of value fir both would be welcome.

I have 11 sovereign coins to sell all in protective sleeves.

Edward Vll
1903, 1904, 1907, 1910
George V
1912, 1918, 1918, 1927, 1927
Victoria DG
1887
Victoria Del
1900
What kind of value might i be looking at?

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