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My First Sov


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#1 MrBlonde

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Posted 11 April 2012 - 12:08 PM

I was wondering if you could help.

So i purchased my first sov. It was a new 2012 coin and came sealed in a royal mint seal.

I purchased the coin from a dealer I know many of you buy from on here.

I did notice however the coin was a little more red/copperish than i was expecting. This was comparing it to many pictures online.

But now having done a bit more searching and looking around I now notice the 2012 "real life pictures" on ebay of sovs tend to have a red tint (hence it being 1 part copper) and that a lot of pictures online of coins are photoshopped (being a more gold colour).

Is this correct?

Also, I noticed the coin isnt perfect with a slight scratch (really small). I take this happens as it is not a proof coin. is this correct?

Thank You

#2 Asheron

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Posted 11 April 2012 - 12:44 PM

Don't worry so much I believe sovs are 22 part pure gold and 2 part mixed alloy.

In future you're better to invest in .999 Gold Maples or similar.

If you want peace of mind visit a Gold Shop for advice in your local town.

Fake sovs are very rare. And hard work.
Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/

Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.

#3 Asheron

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Posted 11 April 2012 - 12:49 PM

And most my coins have imperfections, it's easy to get paranoid it's a fake. I even cut a Kilo Bar of Silver in 1/2 because I was Convinced it was a fake :)

Peace of mind visit a local shop.

If you bought it from coinsinvestdirect or Weighton don't worry :)
Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/

Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.

#4 MrBlonde

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Posted 11 April 2012 - 12:51 PM

And most my coins have imperfections, it's easy to get paranoid it's a fake. I even cut a Kilo Bar of Silver in 1/2 because I was Convinced it was a fake :)

Peace of mind visit a local shop.

If you bought it from coinsinvestdirect or Weighton don't worry :)


Yes, thats exactly it. I used to buy bars but now im into coins its a different ball game.

But yes, I could always go to a coin shop to confirm it as I do plan to buy more coins from them.

Thanks for your response.

#5 Asheron

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Posted 11 April 2012 - 12:57 PM

You can also buy digital scales and acid tests kits.

Don't buy a cheap scales because they give false readings and make you even more worried..
Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/

Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.

#6 Renewed Investor

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Posted 11 April 2012 - 01:02 PM

My Sovs are a little rosy too. Don't worry about it. Just make sure the weight is accurate and test it with calipers too.

#7 Spot

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Posted 11 April 2012 - 01:55 PM

Yeah, that's normal.
If you plan on buying a lot of coins in the future and especially if trying to get "bargains" from coin fairs, etc it'd be worth getting a Fisch
It's a bit pricey, but if it saves you buying one fake it's paid for itself.

#8 MrBlonde

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Posted 11 April 2012 - 01:57 PM

Yeah, that's normal.
If you plan on buying a lot of coins in the future and especially if trying to get "bargains" from coin fairs, etc it'd be worth getting a Fisch
It's a bit pricey, but if it saves you buying one fake it's paid for itself.


Thanks dude, i shall look into that.

Do u know much about calipers and scales? As ive started to get coins, I was thinking it would be a good idea. Could you recomend any? :)

#9 MrBlonde

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Posted 11 April 2012 - 06:18 PM

I found this info about uncirculated vs proof.So my slight imperfections are normal.


Uncirculated
The word "uncirculated" means exactly what it says, the coin has not been in circulation, however "ordinary" uncirculated coins often have bagmarks, edge knocks and other small scuffs and imperfections. Uncirculated "specimen" coins issued specially for collectors are often more carefully produced and handled, so they may be better than ordinary coins mass produced for circulation, but may still have some small imperfections.

Taken from: http://www.goldsover...circulated.html

#10 MrBlonde

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Posted 11 April 2012 - 10:45 PM

I also found this below:

My friend showed me two gold sovereigns, an 1918 King George sovereign and a brand new 2012 gold sovereign which is still sealed in royal mint plastic. I was just wondering why the 2012 gold sovereign had a much more copper tone then the older one which looked much more gold looking.

Btw they're both real so is it because of the age of the older coin which is still shiny and very clean.

Thanks in advance

From:
http://uk.answers.ya...20114758AAcZt94

Has anyone bought a 2012 sovereign here?




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