Best place to sell my gold sovereign coins in 2024?

Best Place to Sell Gold Sovereign Coins in 2024

Are you looking to sell your gold sovereign coins? You're not alone. Many collectors and investors find themselves wondering where to turn when it's time to sell their gold sovereigns.

In 2024, the number of potential outlets to sell your gold sovereign coins has increased as gold prices have gone through the roof and have traded at all-time highs. The question a seller is asking, is "how to sell my gold sovereign coins for the highest amount possible?"

Enter The Coin Cabinet auction. As we delve into the world of numismatics and gold sovereign sales, we'll explore why their platform stands out as the premier choice for gold sovereign sellers in 2024. From unmatched expertise to global reach, we'll uncover the top 8 reasons why The Coin Cabinet is the go-to destination for selling gold sovereigns.

Why sell your gold sovereign coins at The Coin Cabinet auction?

1. Unmatched expertise in selling gold sovereign coins

When it comes to selling gold sovereigns, expertise matters. The Coin Cabinet isn't just another auction house; we are the recognised leader in the gold sovereign auction market. Here's why:

The Coin Cabinet has earned its reputation as the top seller of gold sovereign coins in the market by having regular sales focused on gold sovereigns. Since 2019, our monthly sales have built up an impressive database of gold sovereign collectors and investors.

Best pricing data: Knowledge is power, especially in the numismatic world. The Coin Cabinet boasts the most comprehensive historic pricing data for gold sovereigns in the market. This dataset is accessible for everyone to use (you will need to register an account), hence no bargains at the loss of the seller!

2. Global reach for maximum exposure

In the digital age, selling locally often means selling short. The Coin Cabinet leverages its global network to ensure your coins reach the right buyers:

• Vast international network: With a vast database of coin buyers and sellers worldwide, your gold sovereigns get unparalleled exposure.
• Strategic marketing: The Coin Cabinet goes beyond just listing your coins. We actively promote standout pieces through newsletters and social media, catching the eye of serious collectors.
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3. Flexible and competitive consignment options

The Coin Cabinet understands that one size doesn't fit all when it comes to auctions. We offer:

• Two auction strands: Choose between the monthly auction with a quick turnaround and a low 6% buyer premium or the premium auction format which runs every 2-3 months, has an 18% buyer premium and uses more targeted marketing strategies.
• Versatile sales options: Whether you're parting with a single coin or an entire collection, The Coin Cabinet has you covered. We will offer you the best auction terms in the market for handling your gold sovereign collection.
• Competitive commissions: When compared to other London-based auction houses, The Coin Cabinet's rates stand out as particularly attractive. The monthly 6% auction offers a low-cost alternative for regular sovereigns, something no other auction houses in the market offers.
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4. Secure & professional system

In a world where online scams are rampant, The Coin Cabinet offers a haven of security:

• Global trust: Gold sovereign buyers and sellers worldwide rely on The Coin Cabinet's reputation for integrity.
• Vetted buyers: Say goodbye to fraudulent buyers, time wasters and scammers. Unlike platforms like eBay or Facebook Marketplace, The Coin Cabinet will fight your corner and ensure we only deal with serious, legitimate buyers.
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5. Secure and insured handling

Your gold sovereigns aren't just coins; they're valuable assets. The Coin Cabinet treats them as such:

• Safe storage: Our secure storage facilities keep your coins safe until they're sold. We operate multiple storage locations for security reasons.
• Comprehensive shipping services: From packing to delivery, your coins are in expert hands.
• Unlimited insurance: The Coin Cabinet offers unlimited insurance for consigned items, giving you complete peace of mind.
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6. Tailored marketing strategies

Getting your coins in front of the right eyes is crucial. The Coin Cabinet excels at this:

• Targeted promotions: Your coins are showcased to our vast database of collectors and investors globally.
• Multi-channel approach: The Coin Cabinet lists auctions on aggregator sites to help drive registrations of new customers entering the market.
• VIP treatment: For exceptional pieces, The Coin Cabinet goes the extra mile, personally reaching out to VIP gold sovereign collectors via email and phone.
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7. Superior customer service

At The Coin Cabinet, you're not just a consignor; you're a valued client:

• Friendly, no-snobbery policy: Whether you're a seasoned collector or new to the world of gold sovereigns, you'll receive respectful, approachable service.
• Dedicated support: From initial inquiry to post-sale follow-up, you'll have our auction team guiding you every step of the way.
• Cutting-edge technology: The Coin Cabinet have developed proprietary technology which is the best in the market for selling gold sovereign coins, ensuring a smooth, efficient auction process and excellent post-auction service.
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8. Track record of high returns

Results speak louder than words, and here are just a few examples of The Coin Cabinet making our vendors considerably more money than if they had sold with a comptetitor:

• 1826 Sovereign Proof PR63 CAM, sold by The Coin Cabinet for £9,000. Sold by a competitor in the same grade for $8,500 (£6,723)!
• 1874 Shield Sovereign AU53, sold by The Coin Cabinet for £5,500. Sold by a competitor in the same grade for $4,000 (£3,164)!
• 1827 Sovereign MS64, sold by The Coin Cabinet for £8,000. Sold by a competitor in the same grade for $7,000 (£5,536)!
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How to sell your gold sovereign coins with The Coin Cabinet Auctions

Ready to sell? Here's a step-by-step guide to the consignment process:

• - Initial contact: Reach out to us here.
• - Evaluation and discussion: Provide details and images of your gold sovereigns via email for an initial assessment. We will let you know the best way forward.
• - Consignment agreement: Once you're happy with the terms, sign the consignment agreement which is sent to you electronically via email.
• - Shipping or drop-off: Securely send your coins yourself, have us arrange a courier pickup or arrange drop-off at our Central London office.
• - Cataloguing: Your coins are professionally photographed and described for the auction.
• - Auction listing. You will receive a pre-auction vendor statement 24 hours before auction going up to give you a last chance to review.
• - Marketing: We promote your coins to our global network via newsletters, social media posts and personal emails/phone calls.
• - Auction day: Watch live as bidders compete for your gold sovereigns.
• - Settlement: 30-35 days after the auction we settle your payment directly into your bank account.
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The Coin Cabinet vs other selling options

When it comes to selling gold sovereigns, you have options. But how do they stack up against The Coin Cabinet?

Local coin shops:

+ Convenience

- Limited buyer pool

- Often lower prices

Gold buyers and pawn shops:

+ Quick cash

- Significantly lower prices

- Limited expertise in numismatics

Online marketplaces (e.g., eBay):

+ Wide audience

- Risk of fraud

- DIY method (high time cost, potentially low quality description & photos)

- No specialist support

The Coin Cabinet:

+ Auctions inherently give potential for higher sales prices

+ Interests are aligned: when you make more, we make more

+ Global, vetted buyer network

+ Comprehensive marketing

+ Secure transactions

Frequently asked questions

Q: How long does the auction process take?

A: Typically, from consignment to payment, the process takes 2 months.

Q: What fees does The Coin Cabinet charge?

A: Fees vary depending on the auction strand chosen. Contact us for a quote.

Q: Who are The Coin Cabinet?

A: The Coin Cabinet is a leading numismatic auction house specialising in gold sovereigns and other rare coins.

Q: Can I set a reserve price for my coins?

A: Yes, The Coin Cabinet works with you to set appropriate reserves in the Premium auctions. Reserves are not used in the general monthly sales.

Q: How do I know my coins are genuine?

A: The Coin Cabinet's experts authenticate all consigned coins before auction.

Conclusion

In the world of gold sovereign sales, The Coin Cabinet stands head and shoulders above the competition. With unmatched expertise, global reach, and a track record of achieving top prices, we offer sellers the best opportunity to maximise returns on their gold sovereigns.

From our secure handling and flexible consignment options to our tailored marketing strategies and superior customer service, The Coin Cabinet addresses every aspect of the selling process with professionalism and care.

If you're looking to sell your gold sovereigns in 2024, don't settle for less. Choose the auction house that consistently delivers results. Choose The Coin Cabinet. Ready to take the next step? Contact The Coin Cabinet today and discover how we can help you achieve the best possible price for your gold sovereigns. You deserve it!