The Gold Sovereign coin holds great significance in the gold industry and its history. At Devon Gold, we are proud to sell and buy Gold Sovereigns and return them back into the gold industry. Originally introduced as a circulating coin, the Gold Sovereign has a rich history dating back to 1817, when it held the nominal value of one sterling pound. Today, Gold Sovereigns are primarily valued as bullion coins, prized by collectors and occasionally mounted into jewellery. The coin’s iconic design, featuring the honourable St. George slaying a dragon, and the current serving monarch—Queen Elizabeth II at present—adds to its enduring appeal.
A Legacy of Prestige
The Gold Sovereign’s journey began in 1817, establishing itself as the most famous gold bullion coin in Britain. However, there is some historical debate regarding its origins, as King Henry VII issued a ‘gold sovereign’ coin in 1489. Despite this, the modern Gold Sovereign coin we recognize today is distinct and celebrated for its unique characteristics.
Collectible Value
Not only is the Gold Sovereign renowned in Britain, but it also holds significant value in the collectors’ market worldwide. These coins often fetch record-breaking prices, making them a coveted item among numismatists for several decades. Their collectible value is further enhanced by the historical context and the prominent figures depicted on them over the years.
Varieties of Gold Sovereigns
Gold Sovereigns come in a range of sizes, each with varying prices and gold content:
- Double Sovereign: Weighs 15.98g.
- Full Sovereign: Weighs 7.9g.
- Half Sovereign: Weighs 3.99g.
- Quarter Sovereign: Weighs 2g.
At Devon Gold, we purchase all sizes of Gold Sovereigns listed. Get in touch today to speak with one of our specialists. For more details on the gold we buy, visit our ‘What We Buy’ page, where you can find all of the information regarding selling and buying from us.
Why Invest in Gold Sovereigns?
Gold Sovereigns are not just attractive and historic; they offer several compelling reasons for investment:
- Historical Appeal: Over the years, different monarchs have been featured on these coins, increasing their value, especially for older editions. The famous image of St. George slaying a dragon is a timeless design element that adds to their charm.
- Liquidity: Gold Sovereigns are easy to acquire and sell. Despite their nominal value of one sterling pound, the actual worth of these coins is significantly higher due to the 0.235 troy ounces of gold they contain.
- Tax Exemption: In the United Kingdom, Gold Sovereigns are tax-free. This means you keep 100% of the profits when you sell a sovereign coin.
Gold Sovereign Coins in Devon
At Devon Gold, we take pride in purchasing Gold Sovereigns. When selling such prestigious items, it’s crucial to have confidence in the buyer. That’s why we offer expert advice and top-notch services to ensure your satisfaction. Contact us today to discuss selling your Gold Sovereigns with one of our specialists. Your valuable coins deserve the best, and at Devon Gold, we are committed to providing exceptional service.