Coin or watch?

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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.
1853 young head shield back
 
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There is a big premium on 1838-41 but on a 1853, If the condition is only F ie it has wear then it is worth melt, if VF or better then there is a premium for a bun head like that, but most Sovs are F or worse.
 
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There is a big premium on 1838-41 but on a 1853, If the condition is only F ie it has wear then it is worth melt, if VF or better then there is a premium for a bun head like that, but most Sovs are F or worse.
I couldn’t describe it as better than F
 
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I couldn’t describe it as better than F

For the layman, this is a pretty good reference for relative values between years. It isn't updated too often so dont take the values as gospel, (though I note the Sov section isn't too out of date) but the rare and valuable years stay that way if you see what I mean.:

http://www.coins-of-the-uk.co.uk/values/
 
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For the layman, this is a pretty good reference for relative values between years. It isn't updated too often so dont take the values as gospel, (though I note the Sov section isn't too out of date) but the rare and valuable years stay that way if you see what I mean.:

http://www.coins-of-the-uk.co.uk/values/
Interesting. So it’s saying 295 for a fine ‘53. Scrap is currently about 45 per gram and these coins weigh around 8 grams so we’re looking at around 350 to scrap it.
 
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Interesting. So it’s saying 295 for a fine ‘53. Scrap is currently about 45 per gram and these coins weigh around 8 grams so we’re looking at around 350 to scrap it.
As I said above, those figures are best seen as a relative guide as they aren't updated very often. Scrap on a basic Sov is currently circa £325 which is around ~96% of the spot price, though it depends on who you use. Remember the gold content of a (22K) Sovereign is 91.6% of 7.98g so 7.32g pure.

Where you see 295, read 325.
 
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Coin = zero maintenance costs.
Rolex = ? maintenance costs.
 
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Your wish is my command
This could lead to a whole new what are you spending today thread.
 
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1960s steel datejust is the present want.

I thought about getting something like that myself but my watchmaker works at a Rolex dealer and future service of one of these will be nearly impossible because no parts available even to him. Sooner or later, wearing it will become problematic.

At least Omega will service anything they've ever made (in Bienne), though it'll cost you $1500 to do so.
 
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I thought about getting something like that myself but my watchmaker works at a Rolex dealer and future service of one of these will be nearly impossible because no parts available even to him. Sooner or later, wearing it will become problematic.

At least Omega will service anything they've ever made (in Bienne), though it'll cost you $1500 to do so.
Thank you, I had no idea about that. Are there not so many around for cannibalising parts from broken models? I kind of assumed most old watch replacement parts come from other movements.
 
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Scrap 👎

Just the thought of scrapping a piece of history into oblivion 🤔
 
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Thank you, I had no idea about that. Are there not so many around for cannibalising parts from broken models? I kind of assumed most old watch replacement parts come from other movements.

Sometimes they do but the part worn out on your watch is frequently the same condition on the other watch.
 
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Scrap 👎

Just the thought of scrapping a piece of history into oblivion 🤔
I mean the price it would sell for is the going price for scrap gold - no premium for it being anything other than a quantity gold. Nobody is suggesting it would get melted.
 
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Save the sovereign. Buy the Rolex.

Advice from a coin and watch collector.
 
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Amazing thread, ideas, learned a lot (now actually scared to even consider buying a vintage Rolex, though), thanks to OP and contributors!😉