Are all Gold Half Sovereigns 22ct?

Question

I am hoping to sell my Sovereign Ring, to gain some money to pay off the bills. I really want to know if all sovereigns are 22ct like i have read?

I actually think it is a half sovereign (it is about 20 pence size)

I don't want to end up losing a lot of money due to me being told that it is not 22ct!

Any help is appreciated. If it helps i paid £300 for this ring. It has 4 Diamonds set in each corner of the ring setting, it is dated 1982.

Am i likely to be able to gain back my money or lose a bit/lot?

I have read that a 4g Half Sovereign in 22ct is worth approx £60 as scrap is this correct?

Answer 1

Sure is, expect to get £50-£60 for a 1982 half sovereign. If the body of the ring is 9ct expect only a few quid.

Answer 2

It is 22k. You could also work out the value of the ring (mount) I suspect the diamonds are worth zero. Why not try selling it on Ebay as a ring? You know the minimum amount (the gold value) so you may get more for the ring as a whole.Don't forget you will get slightly lower price for the 1/2 sovereign than a dealers selling price, but don't be tempted to take too much lower, after all gold is gold!

Gold is about US$785 an ounce. So weigh your items seperately. 22K is 22/24 of the weight x price and 9k is 9/24 Convert to GBP using current rate take off a few £ and Bob's your uncle. Try the manufacturing jewellers in Hatton Garden. See what sort of price thay offer.