Is it a good time to sell a gold sovereign from 1900 or is it best to wait for the global economy to improve?

Question

Is it a good time to sell a gold sovereign from 1900 or is it best to wait for the global economy to improve?

Answer 1

Don't think it will make much difference when you sell. The price will depend heavily on the rarity and condition. If it is a very common coin, then it may only be worth it's metal value, which is quite high at present.

Answer 2

hold it every passing day is a additional money

Answer 3

I'd say you wait. Gold is worth a lot during recessions, but antiques need a good economy to sell well. As I assume it would sell better as an antique to a coin collector than as gold, I say wait.

Answer 4

Gold is currently at all time highs.

However, are you looking to sell this as a piece of scrap metal or sell it for its numesmeric value?

I would suggest taking it to an expert to get it valuated; they will tell you whether it'll fetch more as junk metal or by its own merit.

Just watch out for anyone valuating it and making an on-the-spot offer; whatever you do, don't accept it, you can invariably guarantee at that point that they're looking to cut your throat on a deal.