Are you considering selling your modern
North Yorkshire based Sovereign collector
There are many options when considering selling your Sovereigns, bullion dealers, auction houses, or online. If however you'd prefer a more personal selling experience we can help. With the single aim of enhancing a growing Sovereign collection, we'll appraise your coins fairly and deal openly, we have no other agenda other than sourcing and trading beautiful gold Sovereigns.
We often buy our gold Sovereigns at auctions and on Ebay. Here's the problem, buying Sovereigns at auction attracts high buyer and seller fees (typically 24% buyer and 18% seller) which is fine for the buyer who will adjust their bid price to take account of the buyers fees that will be paid.
The seller will often lose out (see the example below) based on a Sovereign valued at £500.
The seller will often lose out (see the example below) based on a Sovereign valued at £500.
Buyer at auction
Buyer would pay £403.28 when considering the 20% auction fee
(£80.60 + 20% VAT £16.12 = £96.72)
£403.28 + £96.72 = £500
(£80.60 + 20% VAT £16.12 = £96.72)
£403.28 + £96.72 = £500
Seller only receives
£330.70 or 66% of the Sovereigns value!
Seller at auction
Seller would get £330.70 when considering the 15% auction fee
(£60.49 + 20% VAT £12.09 = £72.58)
£330.70 + £72.58 = £403.28
(£60.49 + 20% VAT £12.09 = £72.58)
£330.70 + £72.58 = £403.28
