This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.
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by thedrifter » Thu Nov 21, 2013 2:27 pm
I have been approached with the opportunity to buy a 1892 and a 1903 sovereign. I was wondering what a reasonable price for these was. I plan on keeping these but would like to pay a price that is fair but also leaves some "meat on the bone" for me.
Thanks for your help and advice
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thedrifter
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by beauanderos » Fri Nov 22, 2013 8:06 am
A good price would be 2% above melt. A great price would be at melt. Market generally prices them 4-5% above melt. Depends on their condition. If XF or better, consider buying them to hold... if in lesser condition than that... who would you sell to?
The Hand of God moves Worlds
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beauanderos
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by thedrifter » Mon Nov 25, 2013 6:59 pm
Okay, thank you. The deal for these Sovereigns and the buffs fell through. I think the potential seller is too in love with the Sovereigns.
Maybe he will come around in the future.
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thedrifter
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