200 Anniversary "Strike on the day" Sovereign

[Vern]

Hello @ChardLizzie has Lawrence had a chance to look at your posssible die-cracked / error coins and what did he think? I got one that slipped through from RM so it would be interesting to see if they have a similar error. 

Cheers

[BackyardBullion]

I did an experiment with one of my Strike on the day sovereigns by putting it up for eBay auction with a £1 sellers fee.

It went for £678.50 (Including postage). 

Interesting barometer for people looking to sell them perhaps.

[BackyardBullion]

@shortstack68

After fees £160 profit.

£1 sellers fee helps a lot here.

This includes the fact that when I bought it I got £38 cashback via topcashback.

 

[Shinus73]

10 minutes ago, shortstack68 said:

I think you're right, if it was a normal sale, after fees you'd be looking at £587,26 and without the cash back scenario or £1 seller fees you'd be looking at £62,25 profit. Maybe better to tuck these away as they aren't doing anything right now.......I actually saw one sell at a £27 eventual loss for the seller on eBay after fees etc

£160 profit doesn't sound too shabby to me.

[BackyardBullion]

12 minutes ago, shortstack68 said:

I think you're right, if it was a normal sale, after fees you'd be looking at £587,26 and without the cash back scenario or £1 seller fees you'd be looking at £62,25 profit. Maybe better to tuck these away as they aren't doing anything right now.......I actually saw one sell at a £27 eventual loss for the seller on eBay after fees etc

I bought 3 of these with the intention of selling two of them and holding onto one of them. Sold one through the forum and one on ebay for about the same amounts after fees/postage. 

So basically the one remaining sovereign (after cashback) ended up costing me £120 which is pretty nice all told!

1 minute ago, Shinus73 said:

£160 profit doesn't sound too shabby to me.

Much better than the banks will offer at this stage! 

As I said above I have one left which is for the pension stack and basically cost me 50% of Gold spot value for a limited edition collectable. 

Much rather do that than have £1500 tied up in all three for the next 10 years!

[Guest]

My assumption is that anything bought at retail from the mint will lose money. If I buy at all which is not that often I am in it because I like it or for the long term.

Anything at all that settles for over mint RRP is doing exceptionally well and is unusual.

I think the Pistrucci Sovs are long term keepers rather than flippers and I am keeping mine for a while.

[Kman]

5 hours ago, shortstack68 said:

 Maybe better to tuck these away as they aren't doing anything right now....

They're doing ok despite the pretty unreasonable issue price, some selling @ £750 BIN

But yes better to hold them for a couple of years, or more, or 10 hehe

 

[CarlosSilver]

 

[Elements]

Someone on Facebook selling a 200th anniversary SOTD for £615 posted.