Supprising values

[Peter 615]

I've recently obtained a few old coin monthlys from 1971 & 81...they make a good read.

Something I've been meaning to do is collect interesting articles and file away so I end up with a concise reference folder.

Just out of interest I'll list a few coins in typical adverts...prepare to raise eyebrows.

1971 Dec

1820 5/- nvf £4.50

1889 5/- BU £15

1960 5/- UNC £3.25 (polished die ££5.50)

1940 3d silver BU £4

1940 3d brass BU £4

1908 FDC MAUNDY set £11

Sovereigns 20C £4 TO £7 each

The prices then reflected the Key date hunting (over decimalisation)...there were coin fairs all over the country...hundreds of coin dealers/adverts.

By 1981 dealers were offering £65 for Unc Sovs...key dates had hardly moved.

I'll let you all know in about 6 months what I decided to buy

[wybrit 2]

Interesting to see how little the modern (e.g., 1940) prices have changed over the years. I noticed the same for the 1951 penny. It was way overvalued then - and even though the price has not changed a great deal, it still is overvalued today.

Of of the top of my head, gold was about $35 per ounce in the early '70s. Coming off the disastrous Jimmy Carter era in the White House, gold was trading at just under $700 because there were few other places to invest money. British prices for gold had a similar pattern. That would explain much of the change in price of those sovereigns.