KoRnholio Posted May 25, 2011 Report Share Posted May 25, 2011 Picked this up the other day. I'd grade it a nice AU, seems to have near prooflike surfaces, but unfortunately has a lot of hairlines, particularly on the obverse. 22k gold is soft, but I'm pretty sure it's from a past cleaning rather than mild circulation. How much over melt do you think would sell for? I see a raw one on APMEX graded AU (cleaned/hairlines), price tag of $2500. http://www.apmex.com/Product/62452/Great_Britain_1887_5_Pounds_Gold__AU_Details.aspx That's melt value +$700 (spot +$600/oz). It looks to have very few hairlines compared to mine, although the photo looks to have been touched up significantly. Link to comment Share on other sites More sharing options...
KoRnholio Posted May 25, 2011 Author Report Share Posted May 25, 2011 rev Link to comment Share on other sites More sharing options...
Saor Alba Posted May 25, 2011 Report Share Posted May 25, 2011 I have seen some dinged up examples go for spot only, whilst the best uncirculateds can go exponential. But most of them fall in betwixt and do trade for a fair bit above spot if they are nice - these are large coins with 1.17 oz of gold in them and are the prize of the 1887 Jubilee set. They were minted and saved in enough numbers that they are not rare as a collectable, but still have a demand. Link to comment Share on other sites More sharing options...
ccg Posted May 25, 2011 Report Share Posted May 25, 2011 Not sure, but as SA says, any collector would be proud to have that! Link to comment Share on other sites More sharing options...
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