Commonwealth sovereigns: a brief summary

Colonial mints of the 19th centuryOne of history’s greatest gold rushes began in Bathurst, New South Wales, in 1851, soon followed by larger finds in Ballarat and Bendigo in the new colony of Victoria. Hundreds of thousands of prospectors from across Australia and around the world flocked to the goldfields to seek their fortunes, resulting in large amounts of unrefined gold entering circulation. In response to the growing threat to the Australian colonies’ official currency, the New South Wales government sought…

Colonial mints of the 19th centuryOne of history’s greatest gold rushes began in Bathurst, New South Wales, in 1851, soon followed by larger finds in Ballarat and Bendigo in the new colony of Victoria. Hundreds of thousands of prospectors from across Australia and around the world flocked to the goldfields to seek their fortunes, resulting in large amounts of unrefined gold entering circulation. In response to the growing threat to the Australian colonies’ official currency, the New South Wales government sought…

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The modern sovereign

The British gold sovereign holds a unique place among gold coins due to its long history and extensive usage globally. Not only has it become the most collected coin, it holds the record for the highest price paid for a British coin. It is also a world-class investment due to its status as legal tender in UK and as such exempt of Value-Added Tax (VAT) and Capital Gains Tax (CGT). It is the only coin that has been minted in an…

The British gold sovereign holds a unique place among gold coins due to its long history and extensive usage globally. Not only has it become the most collected coin, it holds the record for the highest price paid for a British coin. It is also a world-class investment due to its status as legal tender in UK and as such exempt of Value-Added Tax (VAT) and Capital Gains Tax (CGT). It is the only coin that has been minted in an…

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A brief history of the gold standard

What was the gold standard?The gold standard was a monetary system that pegged currencies to the value of gold. Why was the gold standard adopted?Short answer: the gold standard was adopted in Great Britain in 1817 (other countries followed later), as a response to a quickly growing economy with the need for stable currency. Long answer: leading up to the early 19th century, Great Britain had been on a bimetallic monetary system. Gold and silver coins circulated in the economy…

What was the gold standard?The gold standard was a monetary system that pegged currencies to the value of gold. Why was the gold standard adopted?Short answer: the gold standard was adopted in Great Britain in 1817 (other countries followed later), as a response to a quickly growing economy with the need for stable currency. Long answer: leading up to the early 19th century, Great Britain had been on a bimetallic monetary system. Gold and silver coins circulated in the economy…

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The History of the British Gold Sovereign

The British gold sovereign holds a unique place among gold coins due to its long history and extensive usage globally. Not only has it become the most collected coin, it holds the record for the highest price paid for a British coin. The modern sovereign is a world-class investment due to its status as legal tender in UK and as such exempt of Value-Added Tax (VAT) and Capital Gains Tax (CGT). However, the history of the sovereign predates the Coinage Act…

The British gold sovereign holds a unique place among gold coins due to its long history and extensive usage globally. Not only has it become the most collected coin, it holds the record for the highest price paid for a British coin. The modern sovereign is a world-class investment due to its status as legal tender in UK and as such exempt of Value-Added Tax (VAT) and Capital Gains Tax (CGT). However, the history of the sovereign predates the Coinage Act…

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What decides the price of a coin?

In addition to the simple explanation of supply and demand, the price of a coin is dependent upon several other factors, often specific to each individual coin. When determining a coin’s value, we can rely on the 5 key steps laid out in this article: authenticity, condition, popularity, provenance, and rarity. It is also worth noting that the role of third-party grading services in the coin industry has added yet another aspect to establishing the value of coins, with graded…

In addition to the simple explanation of supply and demand, the price of a coin is dependent upon several other factors, often specific to each individual coin. When determining a coin’s value, we can rely on the 5 key steps laid out in this article: authenticity, condition, popularity, provenance, and rarity. It is also worth noting that the role of third-party grading services in the coin industry has added yet another aspect to establishing the value of coins, with graded…

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Gold outlook and semi-collectable gold coins Webinar

Here is the registration link to Webinar #2 on Friday 24 April, 8PM UK time, again on Zoom. A big thank you to all of you who made our first webinar a huge success! Special thanks to the Silver Forum members who had lots of questions and kept the chat active. For those who did not make it, here is what was said about the gold market and price expectations in the short and long term.  Although this was now almost a month…

Here is the registration link to Webinar #2 on Friday 24 April, 8PM UK time, again on Zoom. A big thank you to all of you who made our first webinar a huge success! Special thanks to the Silver Forum members who had lots of questions and kept the chat active. For those who did not make it, here is what was said about the gold market and price expectations in the short and long term.  Although this was now almost a month…

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Three amazing things about our new auction platform

This weekend we launched our new auction platform which is now accessible through our website:https://auctions.thecoincabinet.com/ This platform will enable us to improve the service we provide and ameliorate our customers’ experience and the reasons why are set out in this article. 1. The Buyer’s Premium is 0 %. Our ‘eBay style’ auctions stand out in a market where other companies are increasing their fees and commissions. We are able to take this important step as it is a financially prudent move…

This weekend we launched our new auction platform which is now accessible through our website:https://auctions.thecoincabinet.com/ This platform will enable us to improve the service we provide and ameliorate our customers’ experience and the reasons why are set out in this article. 1. The Buyer’s Premium is 0 %. Our ‘eBay style’ auctions stand out in a market where other companies are increasing their fees and commissions. We are able to take this important step as it is a financially prudent move…

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Top three risks of selling gold sovereigns on Ebay

Selling gold Sovereign coins on eBay £1 listing offers? What looks like a great opportunity to sell gold coins with minimal selling costs may end up a costly lesson. In my experience, eBay is not a safe place to sell gold coins online. In 2019 many gold sovereign collectors became familiar with the biweekly eBay auctions put on by one of my several user IDs, including for example SovereignStacker_2018, SovereignCollector, and AndreasAfeldt. I prided myself in giving collectors, investors, traders and stackers…

Selling gold Sovereign coins on eBay £1 listing offers? What looks like a great opportunity to sell gold coins with minimal selling costs may end up a costly lesson. In my experience, eBay is not a safe place to sell gold coins online. In 2019 many gold sovereign collectors became familiar with the biweekly eBay auctions put on by one of my several user IDs, including for example SovereignStacker_2018, SovereignCollector, and AndreasAfeldt. I prided myself in giving collectors, investors, traders and stackers…

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Valuation Of semi-collectable and QEII proof gold coins

So called semi-numismatic or semi-collectable sovereigns, such as Victorian sovereigns or QEII proof sovereigns have a collector value on top of the bullion value. Although referred to as a ‘premium’, this is different than the premium paid on a normal bullion coin. The premium of a semi-numismatic gold coin is an investment in the collectible market, whereas a bullion premium is just a transaction cost. For example, I sold this 1843 sovereign on 11 August (so called shield or shield-back) for £375.00 when…

So called semi-numismatic or semi-collectable sovereigns, such as Victorian sovereigns or QEII proof sovereigns have a collector value on top of the bullion value. Although referred to as a ‘premium’, this is different than the premium paid on a normal bullion coin. The premium of a semi-numismatic gold coin is an investment in the collectible market, whereas a bullion premium is just a transaction cost. For example, I sold this 1843 sovereign on 11 August (so called shield or shield-back) for £375.00 when…

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Slabbed coins: pros and cons

Slabbed coins – coins in a secure plastic holder with a designated grade by a third party professional authentication and grading agency – are slowly becoming more of a normality in the UK. It used to be a sign that a coin had been purchased in the United States where the large majority of coins have been slabbed since the 1980s. Because the US grading system has more steps it creates a higher demand for top grades, especially in the…

Slabbed coins – coins in a secure plastic holder with a designated grade by a third party professional authentication and grading agency – are slowly becoming more of a normality in the UK. It used to be a sign that a coin had been purchased in the United States where the large majority of coins have been slabbed since the 1980s. Because the US grading system has more steps it creates a higher demand for top grades, especially in the…

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