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  1. Engee Jul 3, 2020

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    It's a simple question. I have a Victorian gold sovereign, current value is something like £300. Dealers appear to be asking north of £500 for similar grade coins of the same year. Should I sell it and put the money towards the Rolex I'm aiming for, or should I leave it quietly for the children? This is purely a question of investment strategy - is that money better off in a watch or in a gold coin?

    I know it's a ridiculous question, and I know that as watch-lovers most of you are going to say use it to enjoy a watch but I don't actually need to liquidate the coin for that, my question is really what you think would be the better way to put £300 to work - as a gold sovereign or as part of a Rolex?
     
    Edited Jul 3, 2020
  2. STANDY schizophrenic pizza orderer and watch collector Jul 3, 2020

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    Keep the coin.
    Diversity rules.
     
  3. OmeGez Jul 3, 2020

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    Chances are the Rolex will rise far quicker, but if you don’t need that £500 - then keep the coin, as once it’s gone, it’s gone..
     
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  4. RonJ Jul 3, 2020

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    Gold can be a pretty slow-rising investment for several years in a row but it has gone up quite a bit over the past 5 years.
    IMHO, keeping the gold coin seems like the better investment choice, at least for the next few years.

    gold-prices-5-years.jpg
     
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  5. dennisthemenace Hey, he asked for it! Jul 3, 2020

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    You'll be glad you kept the coin when Donald the Duck gets re-elected.
     
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  6. Stripey Jul 3, 2020

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    I agree with this. I have a (very) few gold sovereigns, including a Victorian one - I assume yours is an earlier one in good condition from what you say about the dealer prices. They are historically interesting, and like an emergency fund for me - like a last bulwark against a currency run or something.
     
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  7. SkunkPrince Jul 3, 2020

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    I think it also matters where the coin came from. Was it an inheritance or did you buy it yourself?
     
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  8. Engee Jul 3, 2020

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    It's a nice young head 1853 example. Reasonably well defined but not perfect. I'm persuaded by the idea of stashing away gold for when the world goes nuts, if it hasn't already.
     
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  9. Engee Jul 3, 2020

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    It was a gift from my grandfather, but I'm not sentimental about it, and neither was he. He would tell me to use it sensibly. It's a thing, not a person.
     
  10. cjfrancese79 Jul 3, 2020

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    I would keep the coin especially if you don't need the money. It's a cool piece to have and gold value keeps a pretty steady increase.
     
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  11. SkunkPrince Jul 3, 2020

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    That's a reasoned response, but some day one of your kids (assuming) may think differently.
     
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  12. Dan S Jul 3, 2020

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    Depends on which Rolex you’re talking about. This is probably a pretty good time to sell gold.
     
    Edited Jul 3, 2020
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  13. CPRwatch Jul 3, 2020

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    You mention children in your post so my assumption is you have more than one child , so I would keep the coin as one of your children might not really want a Rolex . Unless that is you have enough Rolex watches to pass one to each child , just a thought as sibling rivalry can get a bit tasty when it comes to inheritance.
     
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  14. wristpirate Jul 3, 2020

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    Put the coin towards an 18k Rolex, best of both worlds
     
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  15. Davidt Jul 3, 2020

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    If it's a young head/shield back sovereign id keep it.

    In fact if it's any kind of full sovereign I'd keep it.
     
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  16. padders Oooo subtitles! Jul 3, 2020

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    No sovereign after around 1850* is worth much more than melt at present, well a small premium maybe for the fact that it is already in an easily traded form like bar. Currently any Sov can be sold for around £325 if you go to the right people. I would flog it and get the watch, unless you think gold has much further to climb.

    *yes there are some rare ones minted in the colonies and rare years that may be exceptions but in the main they all get melted when the price is as high as it is now, I know some bullion dealers personally so have an insight.
     
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  17. Stripey Jul 3, 2020

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    It's also a pretty good time to sell a Rolex.
     
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  18. Dan S Jul 3, 2020

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    If it's a vintage sport model, then yes. But we still don't know which Rolex the OP has his eye on.
     
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  19. Stripey Jul 3, 2020

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    True - not just a vintage sport model though.
     
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  20. Engee Jul 3, 2020

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    1960s steel datejust is the present want.
     
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