Help needed gold sovereign 2016 proof

[Goldmick]

Ive just seen a buttler 2016 proof half sovereign for only £160 in my local porn shop is this a good price looks in great condition 

[Notafront4adragon]

10 minutes ago, Goldmick said:

Ive just seen a buttler 2016 proof half sovereign for only £160 in my local porn shop is this a good price looks in great condition 

No. With that effigy they should be paying you to take it away. 

[Pete]

After deciding to sell some of my gold proof coins I discovered that irrespective of the condition it is quite a challenge to sell much over spot.
Even when many proofs are listed at 10%, 20%, 50% over spot these are prices the dealers want to sell at but not finding any buyers.
Only buy if you really want this particular coin otherwise a fair price would be about 5% over spot.
I've replied without checking rarity, mintage etc just assuming this is a run of the mill coin.

 

[goldmember44]

8 minutes ago, Pete said:

After deciding to sell some of my gold proof coins I discovered that irrespective of the condition it is quite a challenge to sell much over spot.
Even when many proofs are listed at 10%, 20%, 50% over spot these are prices the dealers want to sell at but not finding any buyers.
Only buy if you really want this particular coin otherwise a fair price would be about 5% over spot.
I've replied without checking rarity, mintage etc just assuming this is a run of the mill coin.

 

Well I disagree, it all depends on which year sovereign it is. You can see evidence for this on this forum, on Ebay, etc. Not all sovereigns fetch the same prices. Also, the size also makes a difference... for example, a 2012 proof full sovereign will set you back about £1,000, whereas the 2012 half sovereign is not much more expensive than the other years. The 2016 butler effigy proof is definitely not a "run of the mill" year sovereign. They are quite sought after and the 2016 proof full sov can fetch £800 - £900 if graded PF70.

In general, half sovereigns don't seem to attract the same premiums that full sovereigns of key dates do. There are some exceptions... for example, if you can get a cheap 2017 half sovereign please show me.. I will take it without a second thought (if I had the money of course).

As for this 2016 half proof... at £160 I really do think it is a steal, I would have gone for it if I were you, Goldmick. 

[goldmember44]

52 minutes ago, Goldmick said:

Ive just seen a buttler 2016 proof half sovereign for only £160 in my local porn shop is this a good price looks in great condition 

BTW it's "pawn shop", not PORN shop LOL!!

[Goldmick]

I have it and dont care i khow its a great price cond is tops to bargain me thinks even got a fiver off and rm capsule 

[bluemoon]

2 minutes ago, goldmember44 said:

BTW it's "pawn shop", not PORN shop LOL!!

If there wasn't an incentive to visit a porn shop before, there is now they're selling Sovereigns 🤣

[richatthecroft]

42 minutes ago, Notafront4adragon said:

No. With that effigy they should be paying you to take it away. 

I think its a great portrait, but  acknowledge the cliche it's a bit Marmite to some.

 

7 minutes ago, goldmember44 said:

As for this 2016 half proof... at £160 I really do think it is a steal, I would have gone for it if I were you, Goldmick

Absolutely agree

 

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Added 0 minutes later...

4 minutes ago, Goldmick said:

I have it and dont care i khow its a great price cond is tops to bargain me thinks even got a fiver off and rm capsule 

Well done Mick- great price- Grade it?

[Goldmick]

I think it might get 69 or 70 for sure. Paid £155 and got nice rm capsule got to be a good deal they had a 1987 full proof for £315 left that one lol

[dicker]

3 hours ago, Pete said:

After deciding to sell some of my gold proof coins I discovered that irrespective of the condition it is quite a challenge to sell much over spot.
Even when many proofs are listed at 10%, 20%, 50% over spot these are prices the dealers want to sell at but not finding any buyers.
Only buy if you really want this particular coin otherwise a fair price would be about 5% over spot.
I've replied without checking rarity, mintage etc just assuming this is a run of the mill coin.

 

Agreed.  I have found that pawn shops are more flexible in negotiating on proofs - lots hang around for a long time....  Dealers less willing to negotiate “its a proof of course sir...”