Quarter Sovereign

[JJVH]

I have pulled the trigger and ordered a 1/4 Sov Proof for 65 squid from the Royal Mint. At £32.50 per gram it is expensive but only 10,000 have been minted as proofs.

I have a theory that the gold price will go back down to the £350 - £400 mark when the finacial crisis ends. Thus making it non profitable for the Mint to produce them. Are they a good investment?

[Chris Perkins]

In short, no. 10,000 is far too many. Don't touch modern coins with higher than 1000 mintage. If you want to invest in gold, buy bullion sovereigns at up to 10% or 15% over Bullion.

And a Quarter Sovereign, what on earth is a Quarter Sovereign!!?? 5 Shillings, so that makes it a crown doesn't it? Normally a silver coin. The RM have invented a new denomination priced around the price a sovereign would have been a couple of years ago just so that more people can afford them and so that they can sell small amounts of gold for way way over it's actual value.

[JJVH]

The mint is passing the 1/4 off as the new half as the price of Gold is so high. How ever I do not think this new demoniation will last longer than a few years.

You have a very good point that a 1/4 Sovereign is a crown, but it all adds to the curiousness of such an odd coin.

As for bullion, I have never paid more than 10% over spot for a full sovereign/bullion bar, thou I did pay 20% under spot for 40 oz of silver Philharmonics last year.

We will see if this Ginger Haired Step child of a coin turns out to be a dud. . . . .