A rare 1917 George V Gold Sovereign coin may fetch up to £30,000, experts say
London: You might have a hidden treasure at home. Rare coin experts are pointing out the value of specific coins, especially the 1917 George V Gold Sovereign.
This coin, from World War I, may seem ordinary. But Tavex Bullion says it could be worth £30,000 if it’s in good shape. Many of these coins were melted down during the war to pay off debts.
The British government issued bonds during the war. Many US investors bought them and received interest in gold. The Royal Mint believes a lot of this gold came from coins like the 1917 sovereign, but the exact amount is unclear.
Some of these coins might have even gone to the American government to settle war debts. Back then, gold sovereigns were commonly used in international trade.
These factors make the 1917 gold sovereign rare and valuable for collectors. If you don’t have one, don’t worry. There are other coins worth checking out in your attic.
For instance, a 1933 coin recently sold for £140,000 due to its rarity. Only seven of these coins are known to exist. Chris Yang, from Coins Value, advises checking your coins and getting them professionally graded.
He says the excitement of coin collecting is about connecting with history. Your old coin jar might hold more than just spare change; it could be a link to the past.
However, if your coin is valuable, it’s best to keep it unless you urgently need cash. Important coins usually increase in value over time.
Prices for rare coins can fluctuate based on market changes. When selling, compare prices from different dealers to get the best deal.
For really special pieces, an auction house can help you achieve the highest value. Just be ready to pay a 10-20% commission on the sale price.
