In 1887, the British coinage was redesigned to celebrate Queen Victoria's Golden Jubilee. We buy and sell 1887 proof or uncirculated gold five pound pieces at competitive prices.
The 1887 gold five pounds was issued in proof and normal (non-proof) versions, as part of the design change to celebrate Queen Victoria's Golden Jubilee. In 1887, a gold five pound coin was issued in sufficient quantities for circulation, as well as proofs included with 11 coin sets. It is only one of three dates of gold five pound coin which was issued for general circulation, in addition to proof or pattern issues.
It is very common to find a fake 1887 quintuple sovereign so be careful who you deal with and our advice would be to go with a tried and tested dealer, like us!
The first gold quintuple sovereign (£5 coin), was issued in 1820, and is considered by some to be be a pattern coin. In 1826 and 1839, proofs were issued as part of complete proof coin sets, and this also occurred in 1902, 1911, and 1937.
Only in 1887, 1893, and 1902 were ordinary circulation types issued in addition to proof versions.
We were surprised to hear that in 1887, the typical die life for the five pound coin was around 200 strikes. As the reported mintage was 54,000 pieces, excluding proofs, this would work out at around 270 pairs of dies, although we would have expected the obverse die life to be longer than that of the reverse. This means that the number of die variations could be very high.
It would also have been expected that a large number of coins would be seen with noticeable die cracks, but this is actually uncommon with this coin issue. From this, one could theorise that the Mint changed dies very frequently as they may have considered these coins important as Britain's highest value "flagship" coin. It has been suggested to us that this was not known to be the case. This remains, for the time being, an interesting numismatic mystery which may one day be solved.
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Bullion coins are provided as is and on occasion may have some minor scratches or edge knocks. These are not regarded as faulty or damaged goods as their gold content and value as a bullion coin is not affected. Any coin sold for a value less than a 180% intrinsic is considered a bullion coin.
Gold investment products are VAT free. Silver investment products are inclusive of VAT at the current rate unless otherwise stated.
All investment products are based on the live precious metal price. Prices will be fixed once the item has been added to the basket and recalculates just before checking out.
If your product is not a graded coin and is considered a bullion item it should be noted that these are bought and sold on low premiums over their precious metal content and not solely for aesthetic purposes, therefore some products may have edge knocks and/or marks. These edge knocks and marks do not alter the specifications of the coins.
Please note that all investment products are exempt from the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 and therefore customers do not have the right to cancel their order once the order has been accepted. If customers no longer wish to go ahead with their investment purchase, there is an option to sell the products back to Chard (1964) Ltd instead. View our current buy back prices.
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