Originally being a circulating coin, a Gold Sovereign coin had the nominal value of one sterling pound, since 1817. Today, however Sovereign coins are Bullion coins, with them being occasionally mounted into jewellery, and being exceptionally popular with collectors. The famous coin has many features, including the honorable St. George slaying a dragon. Also, the coin features the current serving monarch, so, Queen Elizabeth II at this moment in time. First being created and bought into circulation in 1817, the gold sovereign is historically and globally the most famous golden bullion coin in Britain. There is some critique surrounding the authorization of the gold sovereign however, as King Henry VII created a ‘gold sovereign’ coin back in 1489, but the gold sovereign we know of today, is known to be a different type of coin than one made by the King. Not only being the most famous coin known in Britain, but the gold sovereign is also a highly valuable coin in the collectors’ market. Coins of these types can be sold to collectors for record breaking prices, making it the most popular collectors’ item in Britain, for several decades.
In addition to this, gold sovereigns can also come in a variety of sizes, which all vary in prices and weight in gold, these include:
- Double sovereign (weighing 15.98g)
- Full sovereign (weighing 7.9g)
- Half sovereign (weighing 3.99g)
- Quarter sovereign (weighing 2g)
Here at Devon Gold, we can purchase all sizes of gold sovereigns listed – Get in contact today and speak to one of our specialists. For more information on all the gold we buy, check out our ‘What we buy’ page.
Why invest in gold sovereigns?
Gold sovereigns are perceived to be attractive and historic, compared to other coins similar to it.
Firstly, because of their historical appeal. Throughout the years, different monarchs serving at the time, have been mounted onto the coins – making their value increasingly higher for older coins. Also, the famous image of St. George slaying a dragon is engraved onto each coin design.
Secondly, the coins are very easy to get and then sell on. Even though each sovereign coin holds the value of one sterling pound, the coins true worth is significantly higher. This is because of the 0.235 troy ounces of gold each sovereign contains.
Finally, tax exemption. Gold Sovereigns in the United Kingdom are tax-free! This means thar you get to keep 100% of all profits made when you liquidate a sovereign coin.
Gold Sovereign coins in Devon
Here at Devon Gold, we are proud to say that we buy Gold Sovereigns. When you sell an item as prestigious as a gold sovereign, you want to have confidence in the person you are selling to. This is why, at Devon Gold, we can provide the best quality advice from our leading experts, along with the best possible services to make you satisfied at all times. Contact us today and talk to one of our specialists about selling your gold sovereigns!