Any value 1607 silver shilling

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Alexloucia
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Any value 1607 silver shilling

Post by Alexloucia »

Hi all sorry if this isn't the right page. I could do with some more help from you awesome lot AGAIN. I found a 1607 silver shilling James the 1st I was wonder if it's worth anything it's fair to good condition wil post a few pics if there is anyone interested in taking a look. I was after a rough price so I could let the farmer know, any help would be greatly appricated.



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Re: Any value 1607 silver shilling

Post by Dave The Slave »

Firstly well done on your find.
Although you will probably not get a value, do post the photos of both sides for condition to be seen.
Also photos may show something, which is different to the norm.
Don`t know too much about coins but there are some serious experts on here
Cheers, ::g
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Re: Any value 1607 silver shilling

Post by Me and my boy »

Hi 1607 shilling £70-£300 spinks 2017.

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Re: Any value 1607 silver shilling

Post by Wuntbedruv »

You will find an approximate value in Spinks' coins of England 2019, which I am sure people will be happy to quote the values of the coin in F/VF/EF condition.

However, as a numismatist I do have to warn people on here that nobody should even be ATTEMPTING to put a value on this when there are no pictures available to work from.
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Re: Any value 1607 silver shilling

Post by detecting rod »

slightly off of value of coin ,but been lots of talk about permissions,was wondering how you know when you have an item to split with landowner ,i would always want to hold up my side of any agreement ,but it seems a bit of a minefield as to know whats values are as this post is proving ,at £70 pounds he will not need to share at £300 he probably would ?sorry for the hijack of post mods might want to move this

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Re: Any value 1607 silver shilling

Post by Alexloucia »

A few pics. And many thanks for replying.
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Re: Any value 1607 silver shilling

Post by fred »

People tend to be very optimistic when trying to grade coins that they have found. I often look at Viccy silvers described as 'almost mint' and I know that they are way below a collectable condition, and are quite often just bullion. ::g
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Re: Any value 1607 silver shilling

Post by oldartefact »

Alexloucia wrote:
Mon Sep 09, 2019 8:42 pm
A few pics. And many thanks for replying.
Its a very nice coin, and many thanks for the photos. However If I were a coin collector, which I am not, I would be looking to purchase the best examples that my pocket could afford. While a lovely coin, one has to be realistic, clipping and worn bits can reduce the value significantly. To get a good idea of value. I would suggest popping into your local coin shop and see what that will offer you.
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Re: Any value 1607 silver shilling

Post by Ladybird66 »

And then double it :D

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Re: Any value 1607 silver shilling

Post by fred »

A wonderful coin to find but it looks to me that, unless there is something particularly unusual about it, it will be at the lower end of the suggested price range. ::g Have a shufti on ebay to see what they are going for.
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Re: Any value 1607 silver shilling

Post by oldartefact »

Ladybird66 wrote:
Mon Sep 09, 2019 9:22 pm
And then double it :D
Or triple it ... When Morrisons sell a jar of Gold Blend at £3.60 ... take it that they paid little more than £1.20 to the wholesaler. Arguably we are no more than wholesalers ... so the value of a £3.60 jar of coffee, to the wholesaler, is substantially lower than the retail value.
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Re: Any value 1607 silver shilling

Post by Saffron »

A nice coin that I would be very happy to have found, as I am sure a lot of other forum members would be.

However, as Fred said "People tend to be very optimistic when trying to grade coins that they have found.".

Sadly for you this coin has been clipped and is also worn so from a collectors view I suspect this is short of even "fair" condition. So I expect it would be well below the £70 quoted above. But as previously advised take to a reputable coin dealer.

Evan
Last edited by Saffron on Mon Sep 09, 2019 10:44 pm, edited 1 time in total.

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Re: Any value 1607 silver shilling

Post by HolzHammer »

oldartefact wrote:
Mon Sep 09, 2019 9:05 pm
Alexloucia wrote:
Mon Sep 09, 2019 8:42 pm
A few pics. And many thanks for replying.
Its a very nice coin, and many thanks for the photos. However If I were a coin collector, which I am not, I would be looking to purchase the best examples that my pocket could afford. While a lovely coin, one has to be realistic, clipping and worn bits can reduce the value significantly. To get a good idea of value. I would suggest popping into your local coin shop and see what that will offer you.
What’s a “local coin shop” ? Not sure there’s one in my village- hope all well!

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Re: Any value 1607 silver shilling

Post by oldartefact »

HolzHammer wrote:
Mon Sep 09, 2019 9:49 pm
oldartefact wrote:
Mon Sep 09, 2019 9:05 pm
Alexloucia wrote:
Mon Sep 09, 2019 8:42 pm
A few pics. And many thanks for replying.
Its a very nice coin, and many thanks for the photos. However If I were a coin collector, which I am not, I would be looking to purchase the best examples that my pocket could afford. While a lovely coin, one has to be realistic, clipping and worn bits can reduce the value significantly. To get a good idea of value. I would suggest popping into your local coin shop and see what that will offer you.
What’s a “local coin shop” ? Not sure there’s one in my village- hope all well!
Technically all shops buy and sell coins ... but that nuance aside, many large towns and most cities have at least one such shop :) :) :)
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Re: Any value 1607 silver shilling

Post by targets »

dealers wont give you much unless its a rare coin in good nick ,so usually well down on any book price of the more common coins . say a 1/3rd of book price
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Re: Any value 1607 silver shilling

Post by jcmaloney »

The prices in Spink et al are RETAIL.
So you can knock off their mark up & overheads for starters.
Try walking into Spinks with that coin and asking for £70 (or £300!!) and see how far you get.
They would buy it for under £50 and sell for double that..... which one is the "value" ? :-/
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Re: Any value 1607 silver shilling

Post by Saffron »

jcmaloney wrote:
Tue Sep 10, 2019 11:42 am
The prices in Spink et al are RETAIL.
So you can knock off their mark up & overheads for starters.
Try walking into Spinks with that coin and asking for £70 (or £300!!) and see how far you get.
They would buy it for under £50 and sell for double that..... which one is the "value" ? :-/
jcmaloney is correct when he says "The prices in Spink et al are RETAIL."

To quote from Spink's Coins of England (admittedly 2014 version - but I doubt if it has significantly changed) -
"The values given represent the retail range of prices at which coins are being offered for sale at the time of going to press and not which a dealer will pay for these coins. These prices are based on our knowledge of the numastic market, the current demand for particular coins, recent suction sale prices.
Note: The bold for "not" is theirs.

"Collectors normally require coins in the best condition that they can afford, and apart from in the case of a really race coin, a piece that is considerably worn is not wanted and has little value"

Considering all the overheads a shop has, (rent or capital outlay, rates, taxes, wages, lighting, heating for starters) and the fact that a coin might be sat on the shelf for a significant period unsold the fact that like all other types of shops the price they pay is significantly (say half for a round figure) what they will sell it for is actually fair as that difference in price is not all profit.

For anybody wanting a coin valued if they ask a reputable dealer they should be willing to give two values, the retail value and what they would be willing to offer (if interested, which if the coin was in poor condition they probably would not be).

FYI: At the Rodney Cook rally there was a stand selling coins and the vast bulk of the Roamn coins were £5 or less - with a lot of very nice examples of silver ones either £2 or £3
Sometimes when you see that and think that the Nox or Deus (the 2 most popular machines on the rally) with a few extras costs about £1,000 for that money you could buy 400 Roman coins ... why do we do it :-/ :-/

Evan

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Re: Any value 1607 silver shilling

Post by Blackadder43 »

I think in the original posters defence, they were only looking for a rough idea to be able to inform the farmer ::g
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Re: Any value 1607 silver shilling

Post by slowsweep »

find out the true value , offer the land owner half and keep the coin, you may never find another like it, imo ;) ::g

nice coin, congrats ::g
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Re: Any value 1607 silver shilling

Post by fred »

Saffron wrote:
Tue Sep 10, 2019 12:32 pm

FYI: At the Rodney Cook rally there was a stand selling coins and the vast bulk of the Roamn coins were £5 or less - with a lot of very nice examples of silver ones either £2 or £3
Sometimes when you see that and think that the Nox or Deus (the 2 most popular machines on the rally) with a few extras costs about £1,000 for that money you could buy 400 Roman coins ... why do we do it :-/ :-/

Evan

Dead easy mate, just find something more valuable than Roman grots! :D
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Re: Any value 1607 silver shilling

Post by Pete E »

Blackadder43 wrote:
Tue Sep 10, 2019 12:35 pm
I think in the original posters defence, they were only looking for a rough idea to be able to inform the farmer ::g
If its a sticking point with the farmer, I suppose one answer would be to contact somebody like Spinks and ask if you could post the coin in for a written quote.....

The dealer may well request pics first to see if this is worthwhile doing, but either way, you should end up with a quote from a reputable source....
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Re: Any value 1607 silver shilling

Post by jcmaloney »

Pete E wrote:
Tue Sep 10, 2019 1:10 pm
Blackadder43 wrote:
Tue Sep 10, 2019 12:35 pm
I think in the original posters defence, they were only looking for a rough idea to be able to inform the farmer ::g
If its a sticking point with the farmer, I suppose one answer would be to contact somebody like Spinks and ask if you could post the coin in for a written quote.....

The dealer may well request pics first to see if this is worthwhile doing, but either way, you should end up with a quote from a reputable source....
Last time I checked Spinks valuation service was something along the line`s of 10% of the item value or £300 (plus VAT) whichever is the greater......
Opinions expressed on MY posts are mine and NOT those of any democratic organisation I volunteer for. ::g

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Re: Any value 1607 silver shilling

Post by Pete E »

jcmaloney wrote:
Tue Sep 10, 2019 1:21 pm
Last time I checked Spinks valuation service was something along the line`s of 10% of the item value or £300 (plus VAT) whichever is the greater......
I can't imagine the would charge for a "quote" though? A "valuation" is a different kettle of fish but even so £300 seems a very steep...
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Re: Any value 1607 silver shilling

Post by f8met »

Pete E wrote:
Tue Sep 10, 2019 2:02 pm

I can't imagine the would charge for a "quote" though? A "valuation" is a different kettle of fish but even so £300 seems a very steep...
Probably to stop people sending in pictures of worn low value coins that people would then try to sell with Spinks headed paper as some form of provenance.
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Re: Any value 1607 silver shilling

Post by jcmaloney »

Exactly as posted above.

They only do valuations they don`t do quotes apart from in the book.

Their valuations are absolutely worth the money on coins of a particular level & grade as they can easily return the valuation cost by having the accompanying paperwork, provenance and history especially for coins that have circulated through auction houses and collections.

I wasn`t knocking the cost, it is all relative really. ::g
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Re: Any value 1607 silver shilling

Post by oldartefact »

There are only 3 values that matter..
1. What the bloke in the coin shop will give you
2. What the chancer off ebay will pay for it
3. What the geezer at the auction will stump up..
What ever the above trio would stump up will be considerably lower than the shop window price... otherwise shops would cease to exist.
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Re: Any value 1607 silver shilling

Post by Detectski »

There are only 3 values that matter..
1. What the bloke in the coin shop will give you
2. What the chancer off ebay will pay for it
3. What the geezer at the auction will stump up..
What ever the above trio would stump up will be considerably lower than the shop window price... otherwise shops would cease to exist.

amen

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Re: Any value 1607 silver shilling

Post by Alexloucia »

Hi all and many thanks for all your comments. Sorry I know it was a vague question me and my daughter are very new to this so I'm still on the learning curve all you answers are helpful and appreciated. My daughter wants to keep the coin but I wanted to give the land owner a fair price so was after rough estimates if it was worth anything at all, as not all old things are valuable..
Thanks again everyone you been great again
Tom and Alex

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Re: Any value 1607 silver shilling

Post by f8met »

One thing you could do is look for similar ones in the sold section of the famous auction-site-which-cannot-be-named, print them off and show the landowner what they realistically sell for. With any luck he will say thank you for your honesty, just keep it.
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Re: Any value 1607 silver shilling

Post by Saffron »

Alexloucia wrote:
Wed Sep 11, 2019 12:16 pm
Hi all and many thanks for all your comments. Sorry I know it was a vague question me and my daughter are very new to this so I'm still on the learning curve all you answers are helpful and appreciated. My daughter wants to keep the coin but I wanted to give the land owner a fair price so was after rough estimates if it was worth anything at all, as not all old things are valuable..
Thanks again everyone you been great again
Tom and Alex
With that background you could play sfafe and if you have a reasonably local coin shop (some antique shops might help to) go in and get a value ... as you can see from above it will not be a lot.

Default is 50 / 50 detectorist and landowner. So it would be even less to him /her, so rather than offer a few pounds if it was me I would be more inclined to show them the coin and say your daughter would like to keep it (play on the heart strings "I know its poor condition, but its her first hammered coin and means a lot to her" type comments) but here is a bottle of wine / port / whisky as a thank you as that is likely to be more appreciated.

Evan

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