Snooze and lose?.. or lucky escape?

[Disentme]

Having been look at the 2017 sovereigns  I came across this listing and was sligjlty hesitant to bid (non coin related) Part of my hesitancy (coin related) were the 'minor' scratches.  With the opportunity now having passed, I am quite keen to learn the thoughts and opinions of others more experienced - does sold price reflect the damage to the coin? Or did someone just grab a great bargain?

[Bullionbilly]

Id say u did well to miss out.

To me, id heve paid upto a bullion price. BUT im no expert . Lol

[Disentme]

3 minutes ago, Bullionbilly said:

Id say u did well to miss out.

To me, id heve paid upto a bullion price. BUT im no expert . Lol

Lol, Thanks @bullionbilly. All and any opinions welcome, expert or not 😊

[AppleZippoandMetronome]

5 minutes ago, Bullionbilly said:

Id say u did well to miss out.

To me, id heve paid upto a bullion price. BUT im no expert . Lol

Agree completely with this and I too am no expert.

Something that happens a lot on eBay is people don't look close at images or read descriptions. I suspect there could have been some degree of that here or just simple ignorance of the affect condition can have. Of course as above I am no expert so I'm happy to state that perhaps I'm the one who is ignorant and the coin in scratched condition is worth that price. I wouldn't personally bet my own money on that though.

[sovereignsteve]

It depends on why you would want the coin.

A "perfect" condition raw coin is currently worth about £650 - 700, whereas this one went for £400

The photo of the obverse clearly shows some nasty scratches caused by someone trying to rub something off!😫 That side is ruined.

The reverse looks good though and would be perfectly adequate to display this side up.

As an investment, I can see no upside other than what derives from the future spot price.

All in all, it's probably fairly priced and would appeal to someone who wants the special reverse to display and doesn't want to pay full price. Whether you'd recover the premium in the future, who knows, too many variables.

 

[kimchi]

I can't see the listing for some reason but a waste of money buying one of these with any problems at all (scatches...wtf?!! ).

These should be perfect, otherwise not worth buying imvho.

[Stacker2020]

Lucky escape for sure. In the scratched state it has lost its numesmatic value and is only worth weight value at this point. I dont think conservation could be done to restore it. It's a lovely coin and worth picking up, but not in this kind of condition. Re-sale would be extremely difficult with any kind of premium, in my opinion. I'm no expert though, just my 2c.

[kimchi]

34 minutes ago, Stacker2020 said:

Lucky escape for sure. In the scratched state it has lost its numesmatic value and is only worth weight value at this point. I dont think conservation could be done to restore it. It's a lovely coin and worth picking up, but not in this kind of condition. Re-sale would be extremely difficult with any kind of premium, in my opinion. I'm no expert though, just my 2c.

'Conservation' basically means 'cleaning' so you are absolute correct - they can't put back anything that is missing (from a scratch, say) - they can only 'touch up' what is already there.