I have just received next month's issue of Coin News. On the front page it draws attention to the sale of a Edward VIII 1937 Proof Sovereign. It sold at A.H. Baldwin and Sons for £516,000.
Just think of all the interesting coins you could get for that rather than this.
Bit of a tough one.
The book value in F is £75-£90, can be a lot more fore sought after varieties. I would not want to pay a great deal for it in VG. I would just go on the general apeal of the coin when considering value. The question is could you budget for one in a better grade or are you happy to have one in VG condition?
I think you'll find that the person who bought it probably isn't a coin collector.
A lot of the really rare and unique coins seem to go to investors rather than collectors because high-end coins are one of the highest returning investments, averaging 8% p.a since 1970. The guy paid £516,000 this year, he will probably turn around and sell it again in 5 years for £600,000
Check out this site on the stats of investing in coins
When all is said and done it's still just a sovereign. I already own a couple so apart from bragging rights it wouldn't add much to my collection.
In the unlikely event that I ever have such an amount to spend I'd be much more inclined to buy several coins which don't have a cheap version. Without giving it too much thought I reckon a Petition Crown, a Three Graces Crown and of course a Una and the Lion.
There would be plenty left over to buy several date runs of exceptionally high grade coppers.
Non illegitimis carborundum est. Excellent advice for all coins.
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Although this coin maybe the highest price paid to date, I would imagine an Edward III double leopard would sell for more as it sold for £460,000 in 2006
Quote: tony_k_1965Although this coin maybe the highest price paid to date, I would imagine an Edward III double leopard would sell for more as it sold for £460,000 in 2006
