Spink Info Needed

[StGeorge]

I am trying to work out the values of gold sovereigns from Spink 2010 but as gold has increased in value this year it is a bit out of date.

In order for me to calculate the current value, I need to know what the bullion value of a sovereign was when the book was published (or when the data was collected for the book).

Does anyone have this information? Alternatively, if I knew when the book was published I could find out what gold was worth at the time and work it out myself.

Any information appreciated...

[Red Riley]

I am trying to work out the values of gold sovereigns from Spink 2010 but as gold has increased in value this year it is a bit out of date.

In order for me to calculate the current value, I need to know what the bullion value of a sovereign was when the book was published (or when the data was collected for the book).

Does anyone have this information? Alternatively, if I knew when the book was published I could find out what gold was worth at the time and work it out myself.

Any information appreciated...

I have had the same problem recently. There is so much gold being flogged on e-bay, all I did was log the prices the items went for and calculate an average. Probably more accurate than Spinks!

I have often thought that the way gold prices are listed in all price guides is rather less than helpful, as the bullion price varies so much. Would it not be more useful if all prices were shown as bullion plus a numismatic preium, listed as say, 'BV+15' or 'BV+50'.

Edited August 30, 2010 by Red Riley

[argentumandcoins]

I am trying to work out the values of gold sovereigns from Spink 2010 but as gold has increased in value this year it is a bit out of date.

In order for me to calculate the current value, I need to know what the bullion value of a sovereign was when the book was published (or when the data was collected for the book).

Does anyone have this information? Alternatively, if I knew when the book was published I could find out what gold was worth at the time and work it out myself.

Any information appreciated...

Spink prices will be formulated around this time of year as the book is out in October.

[azda]

Personally i would'nt go by Spink for Gold, you can track daily Gold prices. There is also another problem, that not all Sovs are the same, you have your rarities and you have your common ones, so it would depend on what exactly you were looking at. If you look at some William IIII Sovs, they command some hefty prices, yet has the same weight as a Viccie Sov

[£400 for a Penny ?]

Technically, as you know, the bullion value of a sov is either .2354/1 or 7.315/31.103 x the spot price (£800) = £188.32 the problem comes with the premiums, start with 15% and work upwards as you go through higher grades and earlier examples.

As of today, the Royal Mint will sell you a 2010 bullion sov for £245, although I think there is an element of short supply involved in that price.

£205-£215 is probably a fair mark for an ordinary coin - but Red's idea of an ebay average is a good one, just make sure you average all the same coins e.g. Elizabeth II IRB's

Christ, it wasn't that long ago you could pick up young head sovs for £70

Oh, and for what it's worth, I wouldn't take too much notice of Spink full stop, it's a guide, a coin could go for twice Spink or half, take each coin on it's own merits.

[Hello17]

and your coin may be worth more tha bullion value

i found a £81 George V sovereign on ebay (but i cant buy it)

[StGeorge]

I am trying to work out the values of gold sovereigns from Spink 2010 but as gold has increased in value this year it is a bit out of date.

In order for me to calculate the current value, I need to know what the bullion value of a sovereign was when the book was published (or when the data was collected for the book).

Does anyone have this information? Alternatively, if I knew when the book was published I could find out what gold was worth at the time and work it out myself.

Any information appreciated...

I have had the same problem recently. There is so much gold being flogged on e-bay, all I did was log the prices the items went for and calculate an average. Probably more accurate than Spinks!

I have often thought that the way gold prices are listed in all price guides is rather less than helpful, as the bullion price varies so much. Would it not be more useful if all prices were shown as bullion plus a numismatic preium, listed as say, 'BV+15' or 'BV+50'.

That would be a great idea, it would solve the problem of the moving baseline value of gold. Probably won't happen though

I am trying to work out the values of gold sovereigns from Spink 2010 but as gold has increased in value this year it is a bit out of date.

In order for me to calculate the current value, I need to know what the bullion value of a sovereign was when the book was published (or when the data was collected for the book).

Does anyone have this information? Alternatively, if I knew when the book was published I could find out what gold was worth at the time and work it out myself.

Any information appreciated...

Spink prices will be formulated around this time of year as the book is out in October.

Ah, I'll check what the spot value of gold was last October and see if it makes sense. Thanks for that.

Personally i would'nt go by Spink for Gold, you can track daily Gold prices. There is also another problem, that not all Sovs are the same, you have your rarities and you have your common ones, so it would depend on what exactly you were looking at. If you look at some William IIII Sovs, they command some hefty prices, yet has the same weight as a Viccie Sov

I see what you mean but Spink does list different values for sovereigns, it's just that the prices are out of date because of the hike in gold prices.

Technically, as you know, the bullion value of a sov is either .2354/1 or 7.315/31.103 x the spot price (£800) = £188.32 the problem comes with the premiums, start with 15% and work upwards as you go through higher grades and earlier examples.

As of today, the Royal Mint will sell you a 2010 bullion sov for £245, although I think there is an element of short supply involved in that price.

£205-£215 is probably a fair mark for an ordinary coin - but Red's idea of an ebay average is a good one, just make sure you average all the same coins e.g. Elizabeth II IRB's

Christ, it wasn't that long ago you could pick up young head sovs for £70

Oh, and for what it's worth, I wouldn't take too much notice of Spink full stop, it's a guide, a coin could go for twice Spink or half, take each coin on it's own merits.

Most of the common sovereigns on eBay are going for just over £200 so that makes sense...

and your coin may be worth more tha bullion value

i found a £81 George V sovereign on ebay (but i cant buy it)

Quick, give me the reference number, I'll have it!!

Thanks for all the replies