6Kg PLUS of Gold Sovereigns FOUND...

[GypsyGoldAu]

Just saw on TV where a 'donated' old piano had over 900 gold Sovereigns planted under the keyboard... 8)

WHAT A FIND!!!!!...Reportedly the biggest haul of Sovereigns on record...latest mint date is 1915 and 1847(?) the earliest..

 

[silver]

READ ALL ABOUT IT
http://metro.co.uk/2017/03/16/gold-...fe-changing-stash-of-sovereign-coins-6513235/

 

[GypsyGoldAu]

That's a fine looking piano hardly within reach of 'workers'...candelabras, inlay, plating,...the piano itself would have been quite an exy item imo...

Reportedly from the Oldest and longest running, and prestigious manufacturer's..

http://www.broadwood.co.uk/

 

[GypsyGoldAu]

Update to above:...It is being reported as the biggest 'hoard' in the UK...not of all time (though i'm yet to find the biggest in the world)...likely it will be the biggest to date, as other hoards don't appear to list just Sovereigns (some are with Silver, Sword pommels, any matter of valuables)...

So it looks like the prospecting list has to include Iranian tanks, check,....granny's old piano, check,... train carriage buried in a mountain/tunnel, check,...next?.. :lol: ]

 

[Balmain Bob]

The only problem with finding and exposing a hoard like this is that the value of the coins already known to exist are devalued as the rarity is now lessened

Yes the gold value is the same but the coin value deminishes.

What would happem if suddenly 300 1930 pennies were found?

 

[Smoky bandit]

The only problem with finding and exposing a hoard like this is that the value of the coins already known to exist are devalued as the rarity is now lessened

Yes the gold value is the same but the coin value deminishes.

What would happem if suddenly 300 1930 pennies were found?

Id just pick the best 3 and sell them.....wait a few years and sell some more

 

[GypsyGoldAu]

Well BB, i do see your point, however, one thing to remember is, much of the retail scale price is based on 'mintage' in most cases, therefore the prices should be unaffected, or only marginally at best.

I recall the Pawn Stars show and the guy brings in a multi Kg 'cluster' of Silver Spanish doubloons...there were two (2) of them recovered from a shipwreck...i don't see the price fluctuation much...

That they have been MIA all that time does not diminish the price accredited to those 'known' about....ymmv.

 

[B5MECH]

The only problem with finding and exposing a hoard like this is that the value of the coins already known to exist are devalued as the rarity is now lessened

Yes the gold value is the same but the coin value deminishes.

What would happem if suddenly 300 1930 pennies were found?

Id just pick the best 3 and sell them.....wait a few years and sell some more

You've jumped the gun Smokey Sell the best one...... then in a year the next best...... and as the years go on selling one a year and you have sooo much money from selling 5 at top end prices.......then and only then.....dump the rest on the market and devalue all the 1930's in existence :lol: :lol: :Y: ]
Be a lot of upset coin dealers around ] :Y: :lol: :lol:

 

[GypsyGoldAu]

Good Sovereign info. sites;...

https://goldsovereignexpert.com/info/much-gold-sovereign-worth/

http://www.cruzis-coins.com/sovs/sovg.html

www.en.wikipedia.org/wiki/Sovereign_(British_coin)

Mintage figures here;...
http://www.cruzis-coins.com/sovs/Sovmintage.html#qvyh

You will note, some are worth more melted down....and they get you, when offering 'bullion' price...

Sovereign weight (UK) 7.988g yet calculated @ 7.31 x Gold ppg...

*edit*..and yes, one article aligns to BB's post...
Remember this also,...it was only 900 coins, covering over 50 years of dates, so it's hardly likely to overly effect individual coin prices for year/condition....imo.

When you look at the pics...
http://www.telegraph.co.uk/news/201...s-largest-ever-hoard-gold-coins-shared-piano/

It appears to be in date order piles, and at most 10-20 coins per pile....

I could see a difference if it was say, 900 'Proof' coins, or even circulated of the same year date.

Gypsy

 

[Smoky bandit]

The only problem with finding and exposing a hoard like this is that the value of the coins already known to exist are devalued as the rarity is now lessened

Yes the gold value is the same but the coin value deminishes.

What would happem if suddenly 300 1930 pennies were found?

Id just pick the best 3 and sell them.....wait a few years and sell some more

You've jumped the gun Smokey Sell the best one...... then in a year the next best...... and as the years go on selling one a year and you have sooo much money from selling 5 at top end prices.......then and only then.....dump the rest on the market and devalue all the 1930's in existence :lol: :lol: :Y: ]
Be a lot of upset coin dealers around ] :Y: :lol: :lol:

Yes a much better idea B5 :Y: ]

 

[headbut]

This was 1 of the largest finds of sovereigns that brought the values down of collections

https://goldsovereigns.co.uk/rmsdouro.html

 

[grubstake]

Update to the story, from BBC News: http://www.bbc.com/news/uk-england-shropshire-39655769