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Gold Sovereign CoinsThe Gold Sovereign coin was first issued in 1489 for Henry VII of England and is still in production today. Sovereign coins are arguably the most famous of all gold coins and should form a part of every gold portfolio. They are desirable to investors and collectors alike. Due to their long history of production Gold Sovereign coins are split into several types, each with their own pricing and nuances. Modern coins will be of the last 10-15 years and probably still be in their plastic blister pack. Older coins, particularly dated pre-1933 tend to exchange hands either loose or in rolls of 50. These British coins typically have a face value of £1 sterling or 20 shillings. When it was first released it was primarily an official piece of bullion with no mark of value on the actual coin itself. The coins were 23 karat gold and weighed 15.552 g, Henry VIII reduced the purity to 22 karats with a weight of 7.322 g. The core Full Sovereign coin has spawned several other Gold Sovereigns of varying sizes. These include the 2 Pound coin (or double Sovereign), the Five Pound Coin (you guessed it - a quintuple Sovereign, making it the largest gold content of any British coin), the Half Sovereign and the Quarter Sovereign. Generally, you'll pay more per/oz for the smaller fractional coins than the full Sovereign or larger coins. Sovereign coin production ceased in 1604, being replaced by Unites, and later by Laurels, and then Guineas. In 1817 production of Gold Sovereigns restarted. Modern Sovereigns are those minted during the reign of Victoria, EdwardVII, George V, George VI And Elizabeth II. These Sovereigns feature the monarch who reigned during their production on the obverse side. The reverse most commonly features Saint George slaying a dragon which was designed by Italian engraver Benedetto Pistrucci. A number of different shields have also featured on the reverse and often attract a higher price tag. As a coin of the realm in the UK, Gold Sovereign coins enjoy the added benefit of being free from Capital Gains Tax for UK residents. Click Here for Your Free Gold Investment GuideWant to know more?We specialise in buying & selling Sovereign coins, so CALL OUR EXPERTS NOW on 0845 643 4321 or click on the Got a Question box below to arrange a callback or send us an email. We'll be able to help you select the best value Sovereigns to buy, provide live Gold Sovereign prices and explain how Sovereign coins can be combined with other gold coins to form a balanced tax free investment. Gold Sovereign (Victoria – Present)Country: Great BritainFace Value: £1GBP Gold Content: 0.2354 ounce (7.3224g) – Alloyed with copper, or copper and silver Purity: 917/1000 (22 karat) Gross Weight: 7.9881g Coin Diameter: 22.05mm First year of issue: Modern Sovereign 1837   |
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