WOW – Did I Make the Right Choice with my £5725 Gold Sovereign Coin Set Purchase?

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The 5725 Pound Gold Coin Set: Is It Worth It?

Have you ever wondered what a 5725 pound gold coin set looked like? Well, look no further! This is it – the five coin proof Coronation Sovereign set. It’s a stunner, there is no doubt, but at a very high premium. Is it worthwhile buying? For the same money, you could get 15 sovereigns, as opposed to the 8.75 worth that you see here. So let’s have a closer look at it and ask the difficult questions of whether or not this was a good buy or not.

Welcome to In Focus Friday

Hello everybody, Backyard Bullion here, and a very warm welcome to all joining me for a special edition of In Focus Friday where we have a close look at cool things made of silver and gold. Today, we have bumped the other episode I filmed on the British Monarch series to next week as I’ve just taken delivery of the Sovereign, the Coronation of His Majesty King Charles III, the 2023 five-coin gold proof set. This is a special one with the Crown portrait of King Charles, and it is very cool indeed. So, I’m here to ask the question: is this set any good at a whopping 5725 pounds for 8.75 sovereigns? Essentially, is it worth it, or could you put that money into 15 of the new bullion versions of the Crown portraits? What might be better? Let’s find out.

Unboxing the Set

With the Royal Mint, you get this outer cardboard box and then the gloss finish box that we have come to know and love from the Royal Mint. This extra-long box houses the five beautiful sovereigns. From the five-coin set, the quintuple sovereign is the one collectors will want into the future. It is a stunning coin size with a classic design of Saint George and the Dragon. The second best in the series is the double sovereign, featuring King Charles with the Crown portrait.

Collectibility and Value

The main question is whether this set will be a popular collector coin series. While the coins have not sold out from the Royal Mint, my argument is that these coins will hold value over time. As a collector, I am committed to the Changing of the Guard era of sovereigns, and I believe these coins have a place in history that will make them desirable to future collectors. While the premium over spot is high, the potential for long-term value is there.

Exit Strategy and Investment

My goal is to hold onto these coins for 10-20 years and find future Sovereign collectors who will value them. While the initial investment of 5725 pounds may seem steep, there are ways to reduce the cost with cashback offers and deals. While the bullion sovereigns may be a more liquid investment, the collector in me enjoys these premium coins and the unique designs they offer.

Conclusion

In conclusion, the 5725 pound gold coin set may not be for everyone, but for collectors who appreciate the history and craftsmanship of these coins, it could be a valuable addition to their collection. While the initial cost is high, the potential for long-term value and the enjoyment of collecting these rare coins make it a worthwhile investment. Only time will tell how these coins will be valued by future collectors, but for now, they are a beautiful and unique set that any collector would be proud to own.

Thank you for joining me on this journey of exploring the Coronation Sovereign set. I hope you found this analysis helpful and informative. Remember to like, share, comment, and subscribe for more content. See you next time!

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